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Bme501 Notes

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75 views3 pages

Bme501 Notes

Uploaded by

Manu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Difference between Entrepreneur and Intrapreneur

Basis Entrepreneur Intrapreneur

Intrapreneur is an
An entrepreneur is an
individual having
individual having a new
entrepreneurial skills
Meaning and exclusive idea to
who works at a
establish something
previously established
new.
company.

An intrapreneur’s
An entrepreneur’s
motive is to grow the
Motive motive is to bring
business and make it
change to the world.
better.

Intrapreneurs are
Entrepreneurs are innovative in nature but
Nature
innovative in nature. less than
entrepreneurs.

Intrapreneurs are willing


Entrepreneurs are
Risk Factor to take risks but less
willing to take risks.
than entrepreneurs.

Intrapreneur’s goals are


Entrepreneurs focus on to get appraisals,
Goals
long-term profits. appreciation, and
promotions.

Entrepreneurs face low Intrapreneur faces high


Competition competition for their competition in the
business. market.

Intrapreneurs are
Entrepreneurs are
Position employees of a
founders of a company.
company.
Basis Entrepreneur Intrapreneur

Entrepreneurs operate
Intrapreneurs use
Approach to Operate activities using
entrepreneurial skills.
innovative methods.

What is Social Audit?

A social audit is an evaluation of an organization's working procedures, codes of


conduct, and the impact of their operations on social welfare. Essentially, it
measures the extent to which an organization lives up to the social objectives it
claims to uphold.

History of Social Audit

Diving into the "history of social audit", we find its roots in the mid-20th century.
Back then, it was a theory, an idea for scrutinizing government agencies. The
goal was to assess the extent to which they were achieving their stated social
objectives.

By the 1970s, this theory started to permeate corporate structures. Businesses


began to realize the importance of evaluating their societal impact. Although
initially employed by socially-conscious businesses, social auditing has now
become a common practice worldwide, often mandated by law. The rising
concerns over corporate sustainability, social responsibility, and ethical
consumerism fuelled this development.

Components Covered Under Social Audits

A social audit covers an array of components, such as:

o Ethical employment practices


o Environmental responsibility
o Community engagement and investment
o Consumer protection
o Transparency in operations
The goal is to identify gaps, improve transparency, promote ethical
conduct, and ultimately, create a positive influence on society.

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