Question

these people are considered the heroes of the business as they detect disruptions and innovations coming from outside that could challenge the existence of the organization and react to them

Select one answer

1. Transactional Leader

2. Transformational Leader

3. Entrepreneur

4. Sustanopreneur

5. Intrapreneur

Answer 1

The answer is 5.

Intrapreneurship is nothing but the way of behaving like an entrepreneur in a large organization. An intrapreneur is an entrepreneur within a large organization who use entrepreneurial skills excluding the risk associated.

The four key elements on which managers should concentrate to develop a corporate entrepreneurship strategy are as follows

• Developing vision - vision is the summary of goals and objectives of an organization. Vision help the organization to implement change successfully.
• Focusing on innovation - Innovation is nothing but making new and advanced changes to its products, services, marketing strategies etc. which can help in gaining competitive advantage.
• Creating entrepreneurial environment - Managers should also focus on creating entrepreneurial environment by focusing on its people, process, culture, leadership, training and development, etc.
• Developing venture team - Venture team is nothing but team developed to supervise or manage a start-up business. Manager should create a venture team to carry out different task within the organization.