Intrapreneurship often takes the form of
|A. A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
B. A spinout venture from a university to commercial a new invention.
C. A subsidiary of a large corporation developing a new product.
D. A semi-autonomous group operating outside the overarching structure of the parent organization
The Correct Answer Is:
A. A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
Correct Answer Explanation: A. A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
Intrapreneurship is a concept that involves employees within a company taking on the mindset and responsibilities of an entrepreneur to innovate and create new products, services, or processes within the existing organizational framework.
The correct answer to the question is option A: “A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.”
Option A is correct because it accurately captures the essence of intrapreneurship. In this form, intrapreneurs work within the company as a semi-autonomous group, often referred to as an internal venture team.
This team operates with a certain level of independence and flexibility but still remains connected to and aligned with the overall goals and structure of the parent organization.
The intrapreneurial team has the freedom to explore innovative ideas and projects, but it does so while leveraging the resources, support, and guidance provided by the larger organizational structure.
Intrapreneurship, exemplified by option A, fosters a culture of innovation and entrepreneurial spirit within the existing organizational framework by empowering internal teams to explore and implement new ideas, driving growth and development while staying connected to the parent organization’s goals and resources.
Now, let’s examine why the other options are not correct:
B. “A spinout venture from a university to commercialize a new invention.”
This option refers to a scenario where a university-based venture, typically born out of research or innovation within the academic setting, is commercialized as a separate entity. While this form of entrepreneurship is prevalent and valuable, it stands apart from intrapreneurship.
Intrapreneurship emphasizes innovation within an existing organization, involving employees taking on entrepreneurial roles and initiatives within the company’s structure, rather than emerging from external entities like universities.
C. “A subsidiary of a large corporation developing a new product.”
The concept of a subsidiary involves a separate and distinct entity that operates partially or wholly under the ownership or control of a larger parent company. Intrapreneurship, on the other hand, occurs within the boundaries of the existing organization.
It involves employees forming semi-autonomous teams or groups within the parent company to drive innovation and create new products, services, or processes while working in conjunction with the established structure and resources.
D. “A semi-autonomous group operating outside the overarching structure of the parent organization.”
This option presents a scenario more akin to an external startup or an entrepreneurial venture separate from the parent company. Intrapreneurship, however, is about fostering innovation and entrepreneurship within the existing organization.
The semi-autonomous groups in intrapreneurship operate within the framework and support system of the parent organization, leveraging its resources, infrastructure, and guidance while exploring innovative ideas and projects.
In essence, intrapreneurship revolves around employees within the organization functioning as internal entrepreneurs, generating and implementing innovative ideas while remaining integrated within the company’s structure.
Options B, C, and D diverge from this fundamental concept by involving external entities, separate subsidiaries, or groups operating independently of the parent organization’s overarching structure.
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