1.1.2—Entrepreneurs and intrapreneurs

An entrepreneur identifies an opportunity, combines factors of production and accepts the uncertainty of committing resources. An intrapreneur does similar opportunity work inside an existing organisation.

Entrepreneurial decisions can create new value, but outcomes depend on evidence, finance, capability and changing demand; risk is not the same as guaranteed success.

A café employee proposes a low-waste delivery service, tests demand, and uses the firm’s kitchen and brand. That is intrapreneurship because the idea is developed within the existing business.

Entrepreneurial skill is not simply confidence or owning a small firm; the defining feature is opportunity-led resource coordination under uncertainty.