Advantages of Developing and

Encouraging Entrepreneurship
Encouraging entrepreneurship is vital for
the economic advancement and growth of
a region, specially in developing nations
Employment generation
Equitable distribution of economic power
Optimum utilization of regional resources,
local labor, raw material, etc
Meeting demand gaps by seizing
opportunity

Advantages of Developing and

Encouraging Entrepreneurship

Harnessing export potential

Regional development
Setting examples for others to emulate
Wealth creation
Reduces factionalism

Intrapreneurship

Intrapreneurship: Definition
Entrepreneurship within an existing organization
The development (within a business) of internal
markets or autonomous/semi-autonomous
business units that produce products, services,
or technologies in a unique way
An opportunity for corporate managers to take
initiative and try new ideas
An internal corporate venture (ICV)

Need for Intrapreneurship

Intrapreneurship provides a company the ability
to:

Adapt quickly to changes in the macroenvironment

Diversify from core business
Conduct market experiments
Train new managers and leaders, and test them
Establish new channels of distribution
Invest and profit from new venture creation
Reduce employee turnover and harness talent

Advantages of Intrapreneurship
Intrapreneurship gives distinct advantages to a company
and its culture:
Intrapreneurial ideas often build and improve the corporate
business
Its an idea without a capital, and is easy to come from an
internal source
Established corporate image boosts the success of such ideas
Offers economies of scale in marketing, distribution and service
Corporates benefit from multi-disciplinary intraprenuerial teams
Companies reduce employee turnover and harness talent
Its a win-win for both the intrapreneur and the company the
intrapreneur retains job stability and at the same time enjoys
creative freedom and prosperity

Five Stage Process of

Intrapreneurship

Problem definition
Coalition building
Resource mobilization
Project execution
Venture completion

Barriers to Intrapreneurship

Corporate bureaucracy
Internal product competition
Competing demand for resources
Resistance to change
Absence of internal VCs for guidance
Employees lack of ownership reduces commitment
Corporate environment not as free to creative people as
entrepreneurial environment
General tendency in top management to unnecessarily
hurry project execution and venture completion
At times a workable idea gets vetoed for personal
reasons or for vested interests

Women and Entrepreneurship

Entrepreneurship: Favorable
Career for Women
Provides flexibility, which is greatly needed
by women
A highly elastic career age no bar, no
reservation, no quotas, never is
overcrowded, limits of growth can be set
Women are better in managing finances,
and people they add a subtle EQ appeal
Provides independence and makes them
self-reliance

Strengths of Women Entrepreneurs

Better endurance
Better understanding of responsibility
Managerial acumen
Financial skills and better recovery
managers
Convincing and marketing abilities
Power

Weaknesses of Women
Entrepreneurs

Lack of assertiveness
Limited understanding of legal issues
Emotions mixed in business decisions
In some societies, women lack exposure
Familial burdens managing multi-roles becomes
difficult
Disparity between women in urban and rural areas
Difficult to bust male bastions or dominions
Preference for conventional businesses
Take to enterprises as an alternative to jobs resulting in
shunted enterprises or mere self-employment