Intrapreneurship

Business, Legal & Accounting Glossary

Definition: Intrapreneurship



What is the dictionary definition of Intrapreneurship?

Dictionary Definition


  1. The practice of applying entrepreneurial skills and approaches within an established company.
  2. Being creative with ideas and procedures

Full Definition of Intrapreneurship


Intrapreneurship involves creating or discovering new ideas or opportunities for the purpose of creating value, where this activity involves creating a new and self-financing organisation within or under the auspices of an existing company. An intrapreneur is a person who practises intrapreneurship.

According to this definition, a corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as an intrapreneur.

In contrast, a corporate manager who starts a new initiative using pre-existing corporate structures is not an intrapreneur. Nor is a leader of an R&D; unit within an organisation, whose innovations are managed by the organisation.
Were this R&D; leader to create a new stand-alone organisation, which performs its own functions and sells its own products – albeit with strong continued links to the parent firm, organisation – it would count as intrapreneurship.

Example

The VanCity Savings Credit Union is a credit union based in Canada. At the start of the new century, it developed an intrapreneurial venture dedicated to providing mezzanine finance to high-growth companies and non-profit organisations.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/intrapreneurship/
Modern Language Association (MLA):
Intrapreneurship. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 05, 2020 https://payrollheaven.com/define/intrapreneurship/.
Chicago Manual of Style (CMS):
Intrapreneurship. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/intrapreneurship/ (accessed: July 05, 2020).
American Psychological Association (APA):
Intrapreneurship. PayrollHeaven.com. Retrieved July 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/intrapreneurship/

Definition Sources


Definitions for Intrapreneurship are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020 | 9 Views.