ABSTRACT
The international business discipline places increasing emphasis on the process of proactively engaging in business exchange rather than production. The Management School views an entrepreneur as one who organizes or manages a business undertaking and assumes risk for the sake of profit. The great range in viewpoints can be linked to schools of thought on entrepreneurship, which offer unique suggestions of what entrepreneurs do and the various functions and processes associated with the entrepreneurial role. The leadership approach to entrepreneurship suggests that entrepreneurs need to be skilled at enlisting others to ‘join their cause’. Intraorganizational entrepreneurship allows organizations to diversify their activities into other areas, learn from their divisions, and support the creation and development of independent units that can create markets and expand innovation services and products throughout the entire organization. Like entrepreneurship, strategic management is interested in the exploitation of profitable opportunities.
