Chapter 7, Problem 1CRQ

What are the differences between classic, multipreneurs, and intrapreneurs?

Summary Introduction

To determine:

The difference between classic entrepreneur, multipreneurs, and intrapreneurs.

Introduction:

The term entrepreneurs is often used in a broad sense to include most small-business owners. Entrepreneurship includes taking big risks, either to build a new business or to hugely expand the business and to control an existing business. Entrepreneurs typically are kind of creators who start companies to attempt their ideas for a new product or create some new services.Entrepreneurs are mainly of three types: 1) Classic, 2) Multipreneurs, and 3) Intrapreneurs.

Explanation of Solution

The difference between these three terms is as described below:

Classic Entrepreneurs	Multipreneurs	Intrapreneurs
Classic entrepreneurs take big risks, that is why they are known as risk-takers. They begin their own companies by creating and making new products.	Multipreneurs are the kind of businesspersons, who start a series of small companies.	Some businesspersons donot own their own companies but use their creativity, imagination, and risk-taking within a big organization known as intrapreneurs.
Some classic businesspeople are ecopreneurs who start a small level business and stay at a small level only.	They grow on the difficulty of creating a business and waiting for it grows.	In these employees, enjoy the liberty to sustain their opinions and promote new products, while their employers provide regular salaries and financial help.
"M"Inagi is a famous exampleof Classic entrepreneurs.	"Brothers J." and "R.Sloan" are few famousexamples of multipreneurs.	Examples of intrapreneurs include Company I, CompanyIB, and CompanyTI.