Question

A professional or manager who takes a new initiative for his/her organisation and establish a new distinct business unit for the same organisation can appropriately be referred as:

• A. Business Leade
• B. Industrialist
• C. Entrepreneur
• D. Intrapreneur

Answer 1

The Correct Option is D

To solve this question, we need to understand the definitions of the given terms and identify which one best describes a professional or manager who initiates a new business within an existing organization.

1. Business Leader: This term usually refers to someone who leads a company or organization and is responsible for its success. They may not necessarily start new initiatives themselves but rather oversee and manage existing operations.
2. Industrialist: An industrialist is typically someone involved in the ownership and management of an industrial enterprise. They may not be directly involved in creating new business units within an organization.
3. Entrepreneur: An entrepreneur is a person who creates and runs a new business, taking on financial risks in hopes of profit. Entrepreneurs often start their businesses independently rather than within an existing organization.
4. Intrapreneur: This term is the combination of "intra" (within) and "entrepreneur." An intrapreneur is a manager or team member within an organization who is tasked with developing a new idea or project within the company. They act like entrepreneurs but do so within the confines of the existing organization. Intrapreneurs are given autonomy to realize their innovative ideas into profitable ventures within their enterprises.

Given these definitions, the term that best describes a professional or manager who takes a new initiative within an existing organization to establish a new distinct business unit is Intrapreneur.

Conclusion: The correct answer is Intrapreneur.