classifiaction of entrepreneur
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This document discusses different classifications and types of entrepreneurs. It begins by defining an entrepreneur and outlining Clarence Danhof's classification of four types of entrepreneurs based on their level of innovation. It then discusses various ways entrepreneurs can be classified such as by type of business, use of technology, motivation, stages of development, capital ownership, gender and age, area, and scale of business. Specific types of entrepreneurs are also defined within each classification. The document concludes by listing 10 famous entrepreneurs from India.
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