By doing so , the competitive ability of entrepreneurs become strong. The economic scale of an entrepreneur means an entrepreneur, who undertakes the function of increasing the purchasing power of the consumers for enhancing their satisfaction, by maximizing production in his organization, at the minimum costs.
This category includes small depots, courier services, and postal business. This types of entrepreneurs increase the patterns of various types of the product by using various formulas and sources of production. For this purpose , companies provide special rights to the entrepreneurs for making use of the sources. He is such an entrepreneur who makes available the materials or commodities for production activities by making exploitations of these natural resources, which have not been used until now for production.
Such an entrepreneur undertakes risky activities and for that, he has to have sufficient courage. Related: 10 Different Concepts of Entrepreneurship Explained. Takeover entrepreneur means an entrepreneur who manages and operates various small firms by taking over them. Besides , the search entrepreneur operates business also by completely merging these units with his business. Capital aggregators are those entrepreneurs who perform two important functions: 1.
These entrepreneurs undertake entrepreneurial activities and take risks with the objective of earning profits and making private assets in the private sector known as private entrepreneurs.
When the government establishes Industries, business units, with public capital with the objective of public welfare is called government entrepreneurs. Such entrepreneurs include government or government organization, that operates and manages the industries in public sectors. Related: 15 Importance of Social Responsibilities of Entrepreneurs.
Joint sector entrepreneurs are those , who establish and operate any particular industry in the mutual partnership of Government and private sectors. Cooperative entrepreneur implies an entrepreneur who establishes and operates the enterprise with the object to safeguard the economic interest of the members of cooperative organizations and others, for promoting mature welfare.
Small entrepreneurs are those who establish and operate a business on a small scale , by making use of local sources. In the business of such entrepreneurs, the levels of capital, techniques, labor, raw material and skills are quite moderate. There are some medium category entrepreneurs that are not small or big. Also called developing entrepreneurs.
Large-scale entrepreneurs are those who have a higher capacity to bear risks, and make use of capital, technology, techniques and management skills, on large scale and also perform the function of innovations.
Exploitative entrepreneurs are those who neglect the interest and needs of society. They are indifferent towards social responsibilities, works for their own interests and do not give any importance to social-economic activities, with the only objective of earning maximum profits. Related: 12 Qualities of Effective Leadership in an Entrepreneur. Thus , the entrepreneurs who are engaged in exploiting the consumers, by hook and Crook are known as exploitative entrepreneurs.
The ideal Entrepreneur is one who performs the following functions, keeping various things in view:. Example: Walton B. Fabian entrepreneurs are those individuals who do not show initiative in visualizing and implementing new ideas and innovations wait for some development which would motivate them to initiate unless there is an imminent threat to their very existence. Fabian entrepreneurs are cautious and skeptical in experimenting change in their enterprises.
Such entrepreneurs are shy, lazy and lethargic. Example: Kodak, a company that happened to be the market leaders in producing analog cameras but they did not realize the change and the introduction of the Digicam. For what they lost their leadership, having lost the leadership they have diversified the business in producing the Digicams instead of producing Analog cameras.
Drone entrepreneurs are those individuals who are satisfied with the existing mode and speed of business activity and show no inclination in gaining market leadership. In other words, drone entrepreneurs are die-hard conservatives and even ready to suffer the loss of business.
Example: Citycell Telecom Bangladesh, in spite of having knowledge about there market fall they have not yet changed there business policy. As the name indicates, state entrepreneur means the trading or industrial venture undertaken by the state or the government itself.
Joint entrepreneur means the combination of private entrepreneur and state entrepreneur who join hands. For more notes on Entrepreneurship Development click on the link below: Entrepreneurship Development. Visited 16, times, 19 visits today. Click here to cancel reply.
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Researcher entrepreneurship. The 5 Types of Entrepreneurs The skeptical entrepreneur. This entrepreneur sees the success of others and immediately starts to question it. The copycat entrepreneur. This entrepreneur sees the success of others and tries to copy them exactly. The research entrepreneur. The determined entrepreneur.
The accomplished entrepreneur. The 5 Types of Entrepreneurs Innovators. Innovators are the types of entrepreneurs who come up with completely new ideas and turn them into viable businesses. The Hustler Entrepreneur. Unlike innovators whose vision is the gas in their engine, hustlers just work harder and are willing to get their hands dirty.
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Oprah Winfrey. Walt Disney. These are entrepreneurs that are very careful in their approaches and cautious in adopting any changes.
These are entrepreneurs who do not like a change. They want to do business in their own traditional or orthodox methods of production and systems.
Such people attach pride and tradition to even outdated methods of doing business.
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