WHAT IS INTRAPRENEURSHIP? : Intrapreneurship is the practice of
entrepreneurship by employees within an organization. An intrapreneur is an
individual employed by an organization for remuneration, which is based on the
financial success of the unit he is responsible for. Intrapreneurship is a
novel ways of making organization more profitable where imaginative employees entertain
entrepreneurial thoughts.
An example Intrapreneurship
is that of the founders of Adobe, John Warnock and Charles Geschke. They both
were employees of Xerox. As employees of Xerox, they were frustrated because their
new product ideals were not encouraged. They quit Xerox in the early 1980s to
begin their own business. Currently, Adobe has an annual turnover of over $3 billion.
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