Question

A corporate manager who starts a new initiative for their company/organisation which entails setting up a new distinct business unit can be regarded as:

• A. Ecopreneur
• B. Technopreneur
• C. Intrapreneur
• D. Businessman/Businesswoman

Answer 1

The Correct Option is C

The question asks about the term used to describe a corporate manager who initiates a new business unit within their company or organization. Let's analyze each option to determine which is most appropriate:

1. Ecopreneur: This term refers to an entrepreneur who is focused on ecologically sustainable business practices. An ecopreneur typically starts a business with environmental considerations at the forefront. This does not match the description given in the question.
2. Technopreneur: This term describes an entrepreneur involved in technology-driven businesses, someone who combines the fields of technology and entrepreneurship. While it involves innovation, it does not specifically relate to starting a new business unit within an existing organization.
3. Intrapreneur: An intrapreneur is an employee within a company who is tasked with developing an innovative project or business unit similar to starting their own business but within the company's structure. This matches the situation described in the question, where a corporate manager sets up a new distinct business unit.
4. Businessman/Businesswoman: This is a generic term that refers to a person who is in a business, typically dealing with the day-to-day operations and management. It does not specifically reflect the innovation or initiation of a new business unit within an existing corporation.

Given these definitions, the most accurate term for a corporate manager who starts a new initiative within their organization is Intrapreneur. An intrapreneur acts like an entrepreneur but operates inside a company, spearheading new projects and business units.