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Classification and Types of Entrepreneurship

The document classifies entrepreneurs into several types based on the type of business, use of technology, motivation, growth, stages of development, and other factors. Some of the main categories discussed include business entrepreneurs, trading entrepreneurs, industrial entrepreneurs, corporate entrepreneurs, agricultural entrepreneurs, technical entrepreneurs, non-technical entrepreneurs, pure entrepreneurs, induced entrepreneurs, motivated entrepreneurs, growth entrepreneurs, super growth entrepreneurs, first generation entrepreneurs, modern entrepreneurs, classical entrepreneurs, rural and urban entrepreneurs, and entrepreneurs classified by gender, age, and scale of business.

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88 views

Classification and Types of Entrepreneurship

The document classifies entrepreneurs into several types based on the type of business, use of technology, motivation, growth, stages of development, and other factors. Some of the main categories discussed include business entrepreneurs, trading entrepreneurs, industrial entrepreneurs, corporate entrepreneurs, agricultural entrepreneurs, technical entrepreneurs, non-technical entrepreneurs, pure entrepreneurs, induced entrepreneurs, motivated entrepreneurs, growth entrepreneurs, super growth entrepreneurs, first generation entrepreneurs, modern entrepreneurs, classical entrepreneurs, rural and urban entrepreneurs, and entrepreneurs classified by gender, age, and scale of business.

Uploaded by

pankaj1230
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Types of Entrepreneurs

Classification on the basis of:

• Type of business

• Use of Technology

• Motivation

• Growth

• Stages in Development

• Others
Type of business

• Business entrepreneur: Convert ideas into reality; deal with both


manufacturing and trading aspect of business (Small trading and
manufacturing business)

• Trading entrepreneur: Undertakes trading activities; concerned with


marketing (Domestic and international level)

• Industrial entrepreneur: Undertakes manufacturing activities only;


new product development etc (textile, electronics, etc)

• Corporate entrepreneur: Interested in management part of


organisation; exceptional organising, coordinating skills to manage a
corporate undertaking (Ambani, Tata families)

• Agricultural entrepreneur: Production and marketing of agricultural


inputs and outputs (Dairy, horticulture, forestry)
Use of Technology

• Technical entrepreneur: Production oriented, possesses innovative


skills in manufacturing, quality control etc.

• Non technical entrepreneur: Develops marketing, distribution


facilities and strategies

• Professional entrepreneur: Uses the proceeds from sale of one


business to start another one. Brimming with ideas to start new
ventures
Motivation
• Pure entrepreneur: Psychological and economic rewards motivate
him

• Induced entrepreneur: Incentives, concessions, benefits offered


by government for entrepreneurs motivates him

• Motivated entrepreneur: Sense of achievement and fulfillment


motivate him

• Spontaneous entrepreneur: Born entrepreneurs with inborn traits


of confidence, vision, initiative
Growth
• Growth entrepreneur: One who enters a sector with a high growth
rate; is a positive thinker

• Super growth entrepreneur: One who enters a business and


shows a quick, steep and upward growth curve
Stages in Development

• First generation entrepreneur: Innovator, risk taker, among the


firsts in family to enter business

• Modern entrepreneur: Who considers feasibility of business, which


can adapt to change and dynamic market

• Classical entrepreneur: One who gives more importance to


consistent returns than to growth; concerned about customer and
marketing needs
Others
• Area- Rural and Urban entrepreneur

• Gender/Age- Men and Women entrepreneur

• Scale- Small and Large scale entrepreneur

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