Principles of Management
Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Chapter 7, Problem 1CRQ

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

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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 EntrepreneursMultipreneursIntrapreneurs
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.

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Chapter 7 Solutions

Principles of Management

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