Chapter 19, Problem 1CRQ

What are the differences between classic entrepreneurs, multipreneurs (entrepreneurs with many start ups), and intrapreneurs (Entrepreneurs in traditional businesses)?

Summary Introduction

To determine:

The difference between classic entrepreneurs, multipreneurs and intrapreneurs.

Introduction:

Entrepreneurs are people who start companies with ideas to create new products and services. An entrepreneur generally takes up the tasks and responsibilities and is ready to bear the risks in opening an organization.

Explanation of Solution

The difference between the classic entrepreneurs, multipreneurs, and intrapreneurs is explained as below:

A classical entrepreneur is that person who is interested in the marketing and operational aspect of the business venture. The entrepreneur does so to maximize the returns in line with the level of survival of their venture/firm.

A multipreneur is a person who controls many ventures at once. This entrepreneur is therefore not only focused upon pursuing more business venture but also in maximizing the returns.

An intrapreneur is somewhat an employee within the organization who has access to all the resources established by the entrepreneur and is usually in charge of the innovation aspect. However, this person does not face the outsized risks and exposure that an entrepreneur must.