Glossary
Corporate entrepreneur
A corporate entrepreneur is a person that works on developing new ideas and innovation projects inside an existing organisation. They may be working with the explicit backing of management but also happen to work under the radar. A similar term, “intrapreneur”, is used interchangeably with corporate…
Definition
A corporate entrepreneur is a person that works on developing new ideas and innovation projects inside an existing organization. They may be working with the explicit backing of management but also happen to work under the radar. A similar term, “intrapreneur”, is used interchangeably with corporate entrepreneur.
As corporate entrepreneurs are often working on new ideas that have not (yet) been formalized and resourced, they tend to work on similar terms as independent entrepreneurs: putting in extra hours, with a limited budget, and often beyond the normal operating limits. The advantage of being a corporate entrepreneur compared to an independent entrepreneur is that the personal risk is lower. Most innovation today comes through corporate entrepreneurship (link to article).