classifiaction of entrepreneur

2. Classification and types of

3. TABLE OF CONTENTS
 Meaning and Definition
 Introduction
 The different classification of business entrepreneurs
 Types of Entrepreneurs
 The 10 Most Famous Entrepreneurs from India
 Conclusion

4. 1. Meaning
The word entrepreneur is derived from the French verb
‘enterprendre’ it means to undertake.
Definition
According to Evans “entrepreneur are person who initiate,
organize, managed and control the affairs of a business unit
that combines the factors of production to supply goods and
services whether business pertains to agriculture, industry
trade or profession.”

5. 2. Introduction
Clarence Danhof carried out a study on American agriculture and
on the basis of his study classified entrepreneurs into four
categories, viz. innovative entrepreneurs, initiative entrepreneurs,
Fabian entrepreneur and drone entrepreneur. The other
classifications are based on technology, economic activity and
market economy.

6. 3. Types of Entrepreneurs
 Type of business
 Use of Technology
 Motivation
 Stages in Development

7. According to Capital Ownership
According to Gender and Age
According to Area
According to Scale

8. Type of business
 Business entrepreneur
 Trading entrepreneur
 Industrial entrepreneur
 Corporate entrepreneur
 Agricultural entrepreneur

9. Use of Technology
 Technical entrepreneur:
 Non technical entrepreneur:
 Professional entrepreneur:

10. Motivation
 Pure entrepreneur:
Pure entrepreneur is one who may or may not possess an aptitude for
entrepreneurship but is tempted by the monetary rewards or profits to be earned
from the business venture. He is status-conscious and wants recognition.
Induced entrepreneur:
Induced entrepreneur is attracted by the various incentives, subsidies and
facilities offered by the government. 'An entrepreneur is not born' —this is no doubt
true as every person can be trained to become a good entrepreneur.
 Motivated entrepreneur:
The desire for self fulfillment motivates new entrepreneurs. They come into
being because of the possibility of making and marketing some new product for the
use of the consumers.
 Spontaneous entrepreneur:
These entrepreneurs are naturally talented. They are persons with initiative,
boldness and confidence in their ability that motivates them to undertake
entrepreneurial activity.

11. Stages in Development
 First generation entrepreneur:
First generation entrepreneur are those entrepreneurs who do not possess
any entrepreneurial background. They start an industrial unit by means of their
own innovative skills.
 Modern entrepreneur:
Second generation entrepreneur are those entrepreneurs who inherit the
family business firms and pass it from one generation to another.
 Classical entrepreneur:
A classical entrepreneur is a stereotype entrepreneur whose aim is to
maximize his economic returns at a level consistent with the survival of the unit
but with or without an element of growth.

12. According to Capital Ownership
1. Private entrepreneur
2. State entrepreneur
3. Joint entrepreneur

13. According to Gender and Age
(i) Man entrepreneur
(ii) Woman entrepreneur
(iii) Young entrepreneur
(iv) Old entrepreneur
(v) Middle-aged entrepreneur

14. According to Area
(i) Urban entrepreneur
(ii) Rural entrepreneur

15. According to Scale
(i) Large scale industry entrepreneur
(ii) Medium scale industry entrepreneur
(iii) Small scale industry entrepreneur
(iv) Tiny industry entrepreneur

16. 4. Types of Entrepreneurs
 According to personal traits
 According to vocation and career

17. According to personal traits
 The serial entrepreneur
The lifestyle entrepreneur
 The social entrepreneur

18. According to vocation and career
The seller
The innovator
The investor
The technical expert

19. 5. The 10 Most Famous Entrepreneurs
From India
1. Shiv Nadar 2. Rahul Bajaj
3. Anil Dhirubhai 4. Azim Premji
5. Ekta Kapoor 6. Vijay Mallya
7. Narayana Murthy 8. Sunil Mittal
9. Sabeer Bhatia 10. G.R. Gopinath

20. 3. Anil Dhirubhai Ambani
1. Shiv Nadar
2. Rahul Bajaj

21. 4. Azim Premji
5. Ekta Kapoor

22. 6. Vijay Mallya
7. Narayana Murthy
8. Sunil Mittal

23. 9. Sabeer Bhatia
10. G.R. Gopinath