13735209-Classification-and-Types-of-Entrepreneurship

TYPES OF ENTREPRENEURS
Types of Entrepreneurs can be classified on different basis.
Some of these basis include :
1. Type of business
2. Use of Technology
3. Motivation
4. Growth
5. Stages in Development
6. Others
The entrepreneurs which come under these basis are as follows:
TYPE OF BUSINESS
1. Business entrepreneur: Convert ideas into reality; deal with both
manufacturing and trading aspect of business (Small trading and
manufacturing business)
2. Trading entrepreneur: Undertakes trading activities; concerned with
marketing (Domestic and international level)
3. Industrial entrepreneur: Undertakes manufacturing activities only;
new product development etc (textile, electronics, etc)
4. Corporate entrepreneur: Interested in management part of
organisation; exceptional organising, coordinating skills to manage a
corporate undertaking (Ambani, Tata families)
5. Agricultural entrepreneur: Production and marketing of agricultural
inputs and outputs (Dairy, horticulture, forestry)
USE OF TECHNOLOGY
1. Technical entrepreneur: Production oriented, possesses innovative
skills in manufacturing, quality control etc.
2. Non technical entrepreneur: Develops marketing, distribution
facilities and strategies
3. Professional entrepreneur: Uses the proceeds from sale of one
business to start another one. Brimming with ideas to start new
ventures
MOTIVATION
1. Pure entrepreneur: Psychological and economic rewards motivate
him
2. Induced entrepreneur: Incentives, concessions, benefits offered by
government for entrepreneurs motivates him
3. Motivated entrepreneur: Sense of achievement and fulfillment
motivate him
4. Spontaneous entrepreneur: Born entrepreneurs with inborn traits of
confidence, vision, initiative
GROWTH
1. Growth entrepreneur: One who enters a sector with a high growth
rate; is a positive thinker
2. Super growth entrepreneur: One who enters a business and shows a
quick, steep and upward growth curve
STAGES IN DEVELOPMENT
1. First generation entrepreneur: Innovator, risk taker, among the
firsts in family to enter business.
 2. Modern entrepreneur: Who considers feasibility of business, which
can adapt to change and dynamic market.
3. Classical entrepreneur: One who gives more importance to
consistent returns than to growth; concerned about customer and
marketing needs.
4. Innovating entrepreneurs are generally aggressive in collecting
information, analyzing and experimenting attractive possibilities into
practice. They are always creative and bringing in innovation in their
work.
5. Imitative entrepreneurs are ready to adopt and are more flexible in
imitating techniques developed by others. They exploit opportunities
as they come and are mostly on a small scale. He is more of an
organizer of factors of production than a creator. In the context of a
poor country, he is definitely a change agent and hence he is
important in underdeveloped countries.

OTHERS
1. Area: Rural and Urban entrepreneur
2. Gender/Age : Men and Women entrepreneur
3. Scale : Small and Large scale entrepreneur