Entrepreneurshi Intrapreneurship = the practice of promoting entrepreneurial behaviour
within an existing business.
p
Financial motives: Non-financial motives:
Hierarchy of Objective
Type: Definition: Type: Definition:
setting: Selling a product /
Choosing their
Mission statement service with the
Profit working hours and
greatest positive Independence
maximising having autonomy
Corporate aim difference between
over their role.
(Mission) revenue and cost.
Ensuring high business
Corporate objectives gains, high profits but Those that claim to
Functional objectives Profit prevents revolts form Social produce a product
satisficing employees and enterprises society’s best
unwanted attention interest.
from the CMA.
Start a business
Ethical
Objectives objectives
with ethical or social
objectives.
Mission Statement – a statement Barriers to Roles of an
created to advise an organisations entrepreneurship: entrepreneur:
employees, customers and suppliers of its Entrepreneurial - Creating and setting
capacity up a business
commitment to its mission.
Access to finance - Managing an
Objectives – targets that must be enterprise
Lack of training
achieved to succeed in meeting the - Growing the business
mission Fear of failure - Intrareneurship
within an existing business.
p
Financial motives: Non-financial motives:
Hierarchy of Objective
Type: Definition: Type: Definition:
setting: Selling a product /
Choosing their
Mission statement service with the
Profit working hours and
greatest positive Independence
maximising having autonomy
Corporate aim difference between
over their role.
(Mission) revenue and cost.
Ensuring high business
Corporate objectives gains, high profits but Those that claim to
Functional objectives Profit prevents revolts form Social produce a product
satisficing employees and enterprises society’s best
unwanted attention interest.
from the CMA.
Start a business
Ethical
Objectives objectives
with ethical or social
objectives.
Mission Statement – a statement Barriers to Roles of an
created to advise an organisations entrepreneurship: entrepreneur:
employees, customers and suppliers of its Entrepreneurial - Creating and setting
capacity up a business
commitment to its mission.
Access to finance - Managing an
Objectives – targets that must be enterprise
Lack of training
achieved to succeed in meeting the - Growing the business
mission Fear of failure - Intrareneurship
