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UNIT 1 - Introduction to Entrepreneurship, TYPES OF ENTREPRENEURS,…
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TYPES OF ENTREPRENEURS
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2. Trading Entrepreneurs
- Not concerned with manufacturing of products.
- Identify potential markets
- Stimulate demand
- Create desire and interest among buyers
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7. Pure Entrepreneurs
- Movitated by psychological and economic rewards
- Personal satisfaction in work, status or Ego
8. Induced Entrepreneur
- Get attracted by Government policies
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11. Growth Entrepreneur
- Choose industries with substantial growth prospects
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14. Modern Entrepreneurs
- Undertake ventures which go along with the chaning demand in the market
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Popular definations
Purposeful activity, initiate, maintain, organize a profit oriented business
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Two points:
- Doing things in a new way
- Decision making in conditions of uncertainity
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Foreseeing investment, day to day operations of enterprise
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Neither science nor arts, defined by ends, that is by practice
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