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Lesson aims
Lesson aims
- Understand the role of entrepreneurship and intrapreneurship in overall business activity.
Entrepreneurship
Entrepreneurship
Entrepreneurship is the process of setting up a new business.
Entrepreneurs are the individuals with the talent, perseverance and appetite for risk that lead them to create new organisations.
Task
Task
- Do a Google Image search to name each of the business entrepreneurs shown in the pictures.
- Find out more about one business entrepreneur of your choice and find out what he/she has done.
- Read the below articles and watch the videos.
- Note down the common characteristics of entrepreneurs. What do you think determines their success?
- For your chosen 4 case study companies, research how each of them was founded, by who, and what key steps/milestones formed part of the company's early days.
Intrapreneurship
Intrapreneurship
Intrapreneurship is the activity of entrepreneurship when it takes place within an established organisation.
Intrapreneurs are encouraged by their employers to take risks to develop new products, processes, and services while retaining their status as employees.
Task
Task
- Read the following article and note down the common traits of intrapreneurship.
- What do you believe might be the advantages and disadvantages of intrapreneurship for both the business and the employee?
Virgin - Be inspired: Five brilliant examples of intrapreneurship in action
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