Entrepreneurship can take three different forms. They are:
1. The individual entrepreneur: An individual entrepreneur is someone who started; acquired or franchised his/her own independent organization. The major portion of this module is also devoted to describe the basic features and activities of the individual entrepreneur.
2. Intrapreneur: An Intrapreneur is a person who does entrepreneurial work within large organization. The process by which an intrapreneur affects change is called Intrapreneurship.
There are two facts about intrapreneurship
a. The Intrapreneur’s context is often large and bureaucratic organization whereas the individual entrepreneur operates in the broader, more flexible economic market place.
b. Intrapreneurs are individuals who often engage in the entrepreneurial actions in large organizations without the blessing of their organizations.
3. The Entrepreneurial Organization: The entrepreneurial function need not be embodied in a physical person. Every social environment has its own way of filling the entrepreneurial function.
Individuals working in organizations have the potential for being, as do those working independently to start their own business. An organization can create an environment in which all of its members can contribute in some function to the entrepreneurial function.
An organization that creates such an internal environment is defined as entrepreneurial organization.
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