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Saturday, September 03, 2016

ENTREPRENEURSHIP vs INTRAPRENEURSHIP

Idun nyin,

Welcome to another week. I hope you had a nice weekend? Hope it was splendid. I was at a wedding ceremony as the compere. May I tell you that I enjoy doing it when the programme is orderly. Well, I greeted you in Ibibio language of Akwa-Ibom State, Nigeria.

The late Revd Goke Adeleke, chaplain of the Bowen University, Iwo, Nigeria. Once described at a wedding ceremony, how people are now being responsible more to career than the family. He believed it is a ploy to separate man from marriage. If a man has actually left his parents and cannot cleave to his wife because of career; there is a need to tread cautiously because it might be the beginning of other relationships. You know what I mean, infidelity creeps in. This is an aside; we are considering Entrepreneurship versus Intrapeneurship.


Entrepreneurship is the when one is the owner of a business. There are different categories of this as stated by the Corporate Affairs Commission (CAC), Nigeria such as Sole Proprietorship, Limited Liability Company, Limited by Guarantee and many more. Entrepreneurship is about taking risk. The entrepreneur is willing to put his or her career and financial security on the line and take risks in the name of an idea, spending time as well as capital on an uncertain venture. An entrepreneur takes sole responsibility for the success and failure of the business endeavor.

Intrapreneurship is a phenomenon wherein there is a difference between the owner of the business and the person taking the risk. Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques that are more traditionally thought of as being the province of entrepreneurship. An intrapreneur works within a large corporation and takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation.

If it is not Panadol; it can never be Panadol! (A Nigerian parlance on adulteration). If you don’t own it; your control is still minimal. If you own it, an intrapreneur would one day bid your company farewell.

We all have a choice to be bold, daring and ultimately WIN!

Nice week wishes.

Cheers,

Olutayo


References:


c.       en.wikipedia.org/wiki/Entrepreneurship
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