Define the following terms as used in entrepreneurship
(i) Intrapreneurship
(ii) Intrapreneur
(iii) Enterprise
Answer:
i) Entrepreneurship is the process of scanning the environment in order to
identify a business opportunity, gathering resources with the aim of establishing a profit
making enterprise, under conditions of risk.
ii) An intrapreneur is an employee who uses entrepreneurial skills to generate profits
for the venture they works for.
iii) It is a business organisation that provides goods and services to make profits and has
growth potential.