6. Types Of Entrepreneurs 1h5r3h

13735209-Classification-and-Types-of-Entrepreneurship

TYPES OF ENTREPRENEURS Types of Entrepreneurs can be classified on different basis. Some of these basis include : 1. Type of business 2. Use of Technology 3. Motivation 4. Growth 5. Stages in Development 6. Others The entrepreneurs which come under these basis are as follows: TYPE OF BUSINESS 1.

Business entrepreneur: Convert ideas into reality; deal with both manufacturing and trading aspect of business (Small trading and manufacturing business)

2.

Trading entrepreneur: Undertakes trading activities; concerned with marketing (Domestic and international level)

3.

Industrial entrepreneur: Undertakes manufacturing activities only; new product development etc (textile, electronics, etc)

4.

Corporate entrepreneur: Interested in management part of organisation; exceptional organising, coordinating skills to manage a corporate undertaking (Ambani, Tata families)

5.

Agricultural entrepreneur: Production and marketing of agricultural inputs and outputs (Dairy, horticulture, forestry)

USE OF TECHNOLOGY 1.

Technical entrepreneur: Production oriented, possesses innovative skills in manufacturing, quality control etc.

2.

Non technical entrepreneur: Develops marketing, distribution facilities and strategies

3.

Professional entrepreneur: Uses the proceeds from sale of one business to start another one. Brimming with ideas to start new ventures

MOTIVATION 1.

Pure entrepreneur: Psychological and economic rewards motivate him

2.

Induced entrepreneur: Incentives, concessions, benefits offered by government for entrepreneurs motivates him

3.

Motivated entrepreneur: Sense of achievement and fulfillment motivate him

4.

Spontaneous entrepreneur: Born entrepreneurs with inborn traits of confidence, vision, initiative

GROWTH 1.

Growth entrepreneur: One who enters a sector with a high growth rate; is a positive thinker

2.

Super growth entrepreneur: One who enters a business and shows a quick, steep and upward growth curve

STAGES IN DEVELOPMENT 1.

First generation entrepreneur: Innovator, risk taker, among the firsts in family to enter business.

2.

Modern entrepreneur: Who considers feasibility of business, which can adapt to change and dynamic market.

3.

Classical entrepreneur: One who gives more importance to consistent returns than to growth; concerned about customer and marketing needs.

4.

Innovating entrepreneurs are generally aggressive in collecting information, analyzing and experimenting attractive possibilities into practice. They are always creative and bringing in innovation in their work.

5.

Imitative entrepreneurs are ready to adopt and are more flexible in imitating techniques developed by others. They exploit opportunities as they come and are mostly on a small scale. He is more of an organizer of factors of production than a creator. In the context of a poor country, he is definitely a change agent and hence he is important in underdeveloped countries.

OTHERS 1.

Area: Rural and Urban entrepreneur

2.

Gender/Age : Men and Women entrepreneur

3.

Scale : Small and Large scale entrepreneur