100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Entrepreneurship and Intrapreneurship Matric IEB Business studies notes £4.46
Add to cart
Quickly navigate to
Preview
  2.  
  3. 12th Grade
  4.  
  5. Business Studies

Summary

Summary Entrepreneurship and Intrapreneurship Matric IEB Business studies notes

1 review
 1 purchase
  • Module
  • Business Studies
  • Institution
  • 12th Grade

The notes seen attached, provide an in depth summary of the Entrepreneurship and intraprneurship section of the Business Studies syllabus required by the IEB. These notes have been used to successfully complete the NSC final examinations, confidently and with ease.

Preview 2 out of 6  pages

Document information

  • January 8, 2023
  • 6
  • 2022/2023
  • Summary

Subjects

  • entrapreneur
  • intrapreneur
  • business studies
  • matric
  • grade 12
  • ieb

Written for

  • 12th Grade
  • Business Studies
  • 200
All documents for this subject (444)

1  review

review-writer-avatar

By: thabisomasuku35 • 11 months ago

Seller

avatar-seller
erinpoly1

Reviews received

Content preview

Entrepreneurship and Intrapreneurship
Entrepreneurs vs Intrapreneurs
Intrapreneurs

Intraprenuers have all the same qualities as entrepreneurs, although they are more
cautious/don't take risks and they prefer to remain in a stable job.

Intraprenuers work within a business although they use their talents of innovation and
leadership in order to change and improve the workplace.

Example of intrapreneurs:

➔ Checkers fresh X in order to become Woolworths competitors.

Entrepreneurs
Entrepreneurial Qualities

➔ Passionate Visionaries.
➔ Creative.
➔ Risk Takers.
➔ Good leaders.
➔ Independent.
➔ Perseverant.
➔ Opportunists.

Entrepreneurial Skills

They have the necessary knowledge and expertise to run a business successfully. Skills
can be learnt and may include aspects from the management functions as well as the
basic management elements: Planning, organising, leading and control.




Types of Entrepreneurs

● Techno-entrepreneur: develop technology or use technology to grow their
business
● Social – entrepreneur: solve social problems in society, normally NGOs

, ● Tourism- entrepreneur: identifies gaps in the tourism industry
● Enviro/Eco-entrepreneurs: solve environmental problems
● Tender-preneur: develops a business around a tender they want to apply for

Management and Leadership
Difference between Leadership and Management

A manager is granted authority when appointed to a specific position, while a leader is
someone that shares his vision and inspires others to carry it out. The manager has
power due to the position they hold while the leader has power due to their expertise.
Plan, organise, lead, control, coordination, communication, decision making, delegation,
discipline and motivation are crucial for a manager.

Different Management and leadership styles

Autocratic

The manager is the only person making decisions. Strongly associated with the second
wave management approach.

Democratic/Participative

This leadership style allows for more involvement by the workers in the decision making
process. There are varying degrees of participation that can be implemented:

● A fully democratic environment: Leaders and followers have equal powers.
● A fully participative setup: Team members or followers are in full control.

Laissez faire

Managers inform workers what they must achieve but they do not get involved and tell
the workers how the objectives should be achieved.

Transactional

Transactional leadership is based on a give-and-take transaction where the leaders offer
something of value to their followers in return for their services and following.
Negotiation



Transformational

People are motivated through what they can achieve together to improve the company.
Teamwork. Employees are encouraged to be creative and innovative. The
transformational leader helps their followers to satisfy their higher order needs while at
the same time reaching the goals of the business. Expectations shared in the group
rather than individual gain are followed. Charismatic leaders.

The situational approach

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller erinpoly1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £4.46. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling
£4.46  1x  sold
  • (1)
Add to cart
Added