Entrepreneur vs Entrepreneurship

**Entrepreneur** **Entrepreneurship**

An entrepreneur is one who undertakes Entrepreneurship is the practice of

and operates a new enterprise and starting new organizations, particularly
assumes some accountability for the new businesses generally in response to
inherent risks. identified opportunities.

Entrepreneur is often synonymous with Entrepreneurship ranges in scale from

founder. solo projects to major undertakings
creating many job opportunities.

The person who starts and operates a The process in which an entrepreneur
business enterprise is an entrepreneur. starts and operates his business
enterprise is entrepreneurship.

The entrepreneur is a coordinator as he Entrepreneurship is the coordination

coordinates all the three elements of maintained by an entrepreneur.
production i.e. land, labor, and capital.

The person who innovates something new The innovation of something new or the
is an entrepreneur. process of innovation is entrepreneurship.

He who leads an enterprise towards its The way in which an entrepreneur leads
vision through leadership, motivation is an his manpower, motivates them for the
entrepreneur. achievement of the firm's goal is
entrepreneurship.

He who bears the risk of the firm for the The risk-bearing practice that is done by
sake of making a reasonable profit is an an entrepreneur is
entrepreneur.

ENTREPRENEUR VS MANAGER
 Basis for Comparison Entrepreneur Manager

Meaning Refers to a person who An individual responsible

creates an enterprise, for controlling and
taking financial risk for administering the
profit. organization.

Focus Business start-up On-going operations

Primary Motivation Achievement Power

Approach to Task Informal Formal

Status Owner Employee

Reward Profit Salary

Decision Making Intuitive Calculative

Driving Force Creativity and Innovation Preserving status quo

Risk Orientation Risk taker Risk averse

ENTREPRENEUR VS INTRAPRENEUR
 Basis Entrepreneur Intrapreneur

Meaning An entrepreneur is an Intrapreneur is an individual having

individual having a new and entrepreneurial skills who works at
exclusive idea to establish a previously established company.
something new.

Motive An entrepreneur’s motive is to An intrapreneur’s motive is to grow

bring change to the world. the business and make it better.

Nature Entrepreneurs are innovative Intrapreneurs are innovative in

in nature. nature but less than entrepreneurs.

Risk Factor Entrepreneurs are willing to Intrapreneurs are willing to take

take risks. risks but less than entrepreneurs.

Goals Entrepreneurs focus on long- Intrapreneur’s goals are to get

term profits. appraisals, appreciation, and
promotions.

Competition Entrepreneurs face low Intrapreneur faces high

competition for their business. competition in the market.

Position Entrepreneurs are founders of Intrapreneurs are employees of a

a company. company.

Approach to Entrepreneurs operate Intrapreneurs use entrepreneurial

Operate activities using innovative skills.
methods.

International Entrepreneurship Vs Domestic Entrepreneurship

Basis of difference International Domestic Entrepreneurship
Entrepreneurship

Economics Dealing with the various The focus of entrepreneurial

levels of economic efforts is related to only a
developments, valuation in single nation and thus, it is
currencies, government easy to control economics.
rules and regulations,
venture capital, marketing,
and distribution systems
that took a lot of
entrepreneurial efforts.

Cultural Environment A lot of cultural issues are An Entrepreneur is already

also there and it affects the aware of the cultural stuff
business as well as and knows how to deal with
strategies too. An it.
Entrepreneur should need
to cope up with the
different cultural beliefs of
local people.

Technological It is surprising if there is no An Entrepreneur is aware of

advancements availability of updated
technologies in the host
nation as if the
entrepreneur belongs to a
developed nation.
the technologies available
within borderline and uses
the same to develop
products.

Government Policies An Entrepreneur who wants They just need to consider

to do internationalization of the regulations and policies
the business need to aware of the domestic nation.
of all domestic as well as
international policies of the
government.

Legal environment To expand the business No need to understand

internationally, it is required global legalities.
to understand all ins and
outs of legal communities at
the global level.