DEFINITION of 'Intrapreneur'

An inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial skills without incurring the risks associated with those activities. Intrapreneurs are usually employees within a company who are assigned a special idea or project, and are instructed to develop the project like an entrepreneur would. Intrapreneurs usually have the resources and capabilities of the firm at their disposal. The intrapreneur's main job is to turn that special idea or project into a profitable venture for the company.

BREAKING DOWN 'Intrapreneur'

Coined in the 1980s by management consultant Gifford Pinchot, intrapreneurs are used by companies that are in great need of new, innovative ideas. Today, instead of waiting until the company is in a bind, most companies try to create an environment where employees are free to explore ideas. If the idea looks profitable, the person behind it is given an opportunity to become an intrapreneur.

  1. Ideation

    The process of forming and relating ideas. Ideation means to ...
  2. Intrapreneurship

    Acting like an entrepreneur within a larger organization. The ...
  3. Joint Venture - JV

    A business arrangement in which two or more parties agree to ...
  4. Venture Capital

    Money provided by investors to startup firms and small businesses ...
  5. Synergy

    The concept that the value and performance of two companies combined ...
  6. Mergers And Acquisitions - M&A

    A general term used to refer to the consolidation of companies. ...
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