Intra Vs Entre - preneurship

When someone asks -"what do you do?", it sounds cool to say "I work for myself", but it takes guts to make such good things happen to you. Only entrepreneurs can boast of such nerve, but like any other good field, it is a high risk/high return effort. Though there are a variety of successful entrepreneurship stories, the basic essence of creating one's own company boils down to: identifying a reasonably prevalent and unmet pain area, identify the best possible and cost-effective solution that alleviates the pain, feasibility study (Economics, finance), and finally implementation of solution (product/service) thru effective marketing.

Intrapreneurship, a newly coined word to imply entrepreneurship while still working for somebody else, could serve as precursor for many souls who wanna try the real thing. However, intrapreneurship is more of a buzz-word than reality in most firms, primarily because of flat hierarchies and bureaucracies. Recently launched start-ups can provide the opportunity for intrapreneurship.

We are fortunate to have "Wadhwani's centre for Entrepreneurship and Development" at ISB, which is a renowned research centre and they are conducting a forum, "TiE-ISB Connect", a joint initiative with The Indus Entrepreneurs (TiE), Hyderabad Chapter. It is a forum that brings together early stage venture capitalists, start up and growth stage entrepreneurs and academicians, on a common platform to interact and help build successful enterprises. (For more details visit: www.tie-isbconnect.com)

Tata..Satish