Discuss the difference between entrepreneurs and managers in large organizations: Biases and Heuristics in strategic decision-making.

Words: 228
Pages: 1
Subject: Uncategorized

The one thing about the concept of Intrapreneurs that I did not know, and that I found most interesting is that they are “organizational entrepreneurs.” Intrapreneurs take calculated risks. In doing so, opportunities may be missed. This is normally attributed to the organization’s structure, lack of support from management, “how to” in strategy execution, and biases that may exist between intrapreneurs and entrepreneurs. Busenitz & Barney (1997). The restriction that can be placed on intrapreneurs may result in them exiting the organization and going to start a business of their own. This is an opportunity lost for the leader that does not have the foresight to see that everything around them is moving at a whirlwind pace. Their stagnation will not only stifle the company but also stifle the will of the intrapreneurial employee.

Busenitz, L. W. Barney, J. B. (1997). Discuss the difference between entrepreneurs and managers in large organizations: Biases and Heuristics in strategic decision-making.

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