Question

Given below are two statements :
Statement I : An Intrapreneur operates within a large organisation to drive innovation.
Statement II : An Intrapreneur is the same as an entrepreneur, working independently to start a new business.
In the light of the above statements, choose the most appropriate answer from the options given below :

• A. Both Statement I and Statement II are correct
• B. Both Statement I and Statement II are incorrect
• C. Statement I is correct but Statement II is incorrect
• D. Statement I is incorrect but Statement II is correct

Hint:

Remember the prefix: \textbf{Intra-} means "inside" (inside a firm). \textbf{Entre-} relates to "between" or taking on an entire venture externally.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
The difference between an entrepreneur and an intrapreneur lies primarily in the environment and resource ownership.
Step 2: Detailed Explanation:
1. Analysis of Statement I: An intrapreneur is defined as an employee who has the authority and support of their company to create new products or services. They operate within the safety net of an existing organization. This statement is correct.
2. Analysis of Statement II: While an intrapreneur acts "entrepreneurially" (taking initiative, innovating), they are not the same as an entrepreneur. Entrepreneurs work independently, take 100% of the risk, and own the business. Intrapreneurs use the company's resources and do not face the same personal financial risk. This statement is incorrect.
Step 3: Final Answer:
Statement I accurately defines an intrapreneur, whereas Statement II fails by ignoring the organizational context of intrapreneurship.