ENTREPRENEUR
Entrepreneur means a person who starts a business or enterprise or firm.
CLASSIFICATION OF ENTREPRENEUR:
There are four types of entrepreneur, they are
- Innovative entrepreneur
- Imitative entrepreneur
- Fabian entrepreneur
- Drone entrepreneur
INNOVATIVE ENTREPRENEUR:
Innovative entrepreneur is one who introduces new products, new marketing strategy, and new methods. This type of entrepreneur is also called as innovators.
IMITATIVE ENTREPRENEUR:
Imitative entrepreneur is who imitate or adopt successful innovation introduced by others. This type of entrepreneur is also called as adaptive entrepreneur.
FABIAN ENTREPRENEUR:
Fabian entrepreneur are characterized by great caution in experimenting any change in their enterprises. They are not interested in taking risks and they follow their predecessors.
DRONE ENTREPRENEUR
Drone Entrepreneur is characterized by their refusal to utilize opportunities to make changes in production. Such entrepreneurs may suffer loss but they continue their business in traditional method only.
CLASSIFICATION OF ENTREPRENEUR ACCORDING TO BUSINESS:
The classification of entrepreneur is as follows
- Business entrepreneur
- Trading entrepreneur
- Industrial entrepreneur
- Corporate entrepreneur
- Agricultural entrepreneur
- Service entrepreneur
- Social entrepreneur
BUSINESS ENTREPRENEUR:
Business entrepreneur also called as solo operators they will work individual. They conceive an idea and create a business to convert their idea into reality.
TRADING ENTREPRENEUR:
Trading entrepreneur is a person who involve in trading activities and they will not involve in any manufacturing activities. Brokers and agents will come under trading entrepreneur.
INDUSTRIAL ENTREPRENEUR:
Industrial entrepreneur is essentially a manufacturer who identifies the needs of
Customers. This type of entrepreneur has the ability to convert the economic resources and technology into a profitable venture.
CORPORATE ENTREPRENEUR:
Corporate entrepreneur is a person who demonstrates his innovative skill in organizing and managing corporate undertakings.
AGRICULTURAL ENTREPRENEUR:
Agricultural entrepreneur are the person who undertake agricultural activities like marketing of crops, fertilizers, machines.
SERVICE ENTREPRENEUR:
Service entrepreneur provide services to the customers.
SOCIAL ENTREPRENEUR:
Social entrepreneur are like business entrepreneur but they will take social issue or a cause for promotion. Their objective is not making profit but to serve for the people.
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