2. • Entrepreneur is one who always searches for
change, responds to it, and exploits it is an
opportunity . Entrepreneurs innovate.
Peter Drucker
3. • Entrepreneurs play a paramount role in
today’s market driven economy . Entrepreneur
is somebody who engages in business,
running anything from multi crore
corporations to street vendors for profit. They
play increasingly important role in sustaining
commerce today.
4. Types of Entrepreneurs
On the basis of
Innovation
• innovative
• Imitative
• Fabian
• Drone
• Forced
• Empire
On the basis of
Behavior
• Sole
• Active Partner
• Inventor
• Challenger
• Buyer
• Life- time
On the basis of
Focus group
• Women
• Minority
• Corporate
• part-time
On the basis of
Nature of business
• Industrial
• Trading
• Agriculture
6. Innovative entrepreneurs
• An Innovative entrepreneur
is one who launches new
products, discovers new
markets, establishes new
methods of production and
restructures the enterprise.
Innovative entrepreneurs
can work only when definite
level of progress has been
previously accomplished.
They focus on
revolutionalisation and
development.
7. Imitative Entrepreneurs
• Imitative entrepreneurs
adopt victorious
innovations launched by
the innovative
entrepreneurs. they
duplicate the technology
and techniques innovated
by others and they are
suitable for
underdeveloped
countries.
8. Fabian entrepreneurs
• They are very much
skeptical(unconvinced) in
their approach in adopting
or innovating new
technology in their
enterprise. They are not
adoptable to the changing
environment. They love to
remain in the existing
business with thee age old
techniques of production.
• They imitate only in
situations where it becomes
necessary to do so. Or
9. Contd……….
• They only adopt the new technology when
they realize that failure to adopt will lead to
loss or collapse of the enterprise. Eg. Nokia
10. Drone entrepreneurs
• Drone entrepreneurs
suffer losses, as they
refuse to make any
modifications in the
existing production
methods.
11. Solo operators
• These Entrepreneurs
basically work lone and
if required may recruit
few people.
12. Active partners
• These entrepreneurs
set up an enterprise as
a joint venture and they
actively take part in the
activities of the
organization.
13. Simply partners
• These entrepreneurs
contribute funds, but
are not involved in the
operations of the
enterprise.