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    Introduction To Entrepreneurship: Unit 1

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    Kiran S
    This document provides an introduction to entrepreneurship including definitions and types of entrepreneurs. It defines an entrepreneur as someone who buys factors of production at certain prices to sell products at uncertain future prices. It describes the various types of entrepreneurs based on their behavior, business type, use of technology, ownership, size, motivation, development stage, and gender. The document also lists qualities like self-confidence, risk-taking, and hard work that entrepreneurs often possess and factors like economic, social, and psychological elements that influence entrepreneurship.

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    Introduction To Entrepreneurship: Unit 1

    Uploaded by

    Kiran S
    43 views16 pages
    This document provides an introduction to entrepreneurship including definitions and types of entrepreneurs. It defines an entrepreneur as someone who buys factors of production at certain prices to sell products at uncertain future prices. It describes the various types of entrepreneurs based on their behavior, business type, use of technology, ownership, size, motivation, development stage, and gender. The document also lists qualities like self-confidence, risk-taking, and hard work that entrepreneurs often possess and factors like economic, social, and psychological elements that influence entrepreneurship.

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    Introduction to Entrepreneurship

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    This document provides an introduction to entrepreneurship including definitions and types of entrepreneurs. It defines an entrepreneur as someone who buys factors of production at certain prices to sell products at uncertain future prices. It describes the various types of entrepreneurs based on their behavior, business type, use of technology, ownership, size, motivation, development stage, and gender. The document also lists qualities like self-confidence, risk-taking, and hard work that entrepreneurs often possess and factors like economic, social, and psychological elements that influence entrepreneurship.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    43 views16 pages

    Introduction To Entrepreneurship: Unit 1

    Uploaded by

    Kiran S
    This document provides an introduction to entrepreneurship including definitions and types of entrepreneurs. It defines an entrepreneur as someone who buys factors of production at certain prices to sell products at uncertain future prices. It describes the various types of entrepreneurs based on their behavior, business type, use of technology, ownership, size, motivation, development stage, and gender. The document also lists qualities like self-confidence, risk-taking, and hard work that entrepreneurs often possess and factors like economic, social, and psychological elements that influence entrepreneurship.

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    Introduction to Entrepreneurship

    Unit 1
    Introduction
     The word “Entrepreneur” has been taken from the french
    language “entreprendre” which means between-taker or
    go-between (i.e) to undertake.
     In the early 16th century, it was applied to those who
    were in military expeditions, then in 17th century , it was
    extended to cover civil engineering activities. In 18th
    century, it was used to refer economic activities by
    Richard cantilon.
    Definition
    A person who buys factors of production at certain
    prices with a view to selling his product at uncertain
    prices in future.
    ENTREPRENEUR
    E • Examine needs & problems
    N • Narrow the possible opportunities
    T • Think of innovative ideas
    R • Research the opportunity
    E • Enlist the best sources of advice
    P • Plan their venture
    R • Rate the risk
    E • Evaluate the risks
    N • Never hand on to one idea
    E • Employ the resources
    U • Understand the way to work
    R • Realise the sense of accomplishments
    TYPES OF ENTREPRENEUR
    Based on the Behaviour
    Nascent entrepreneurs

    Novice entrepreneurs

    Habitual entrepreneurs

    Serial entrepreneurs

    Portfolio entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the Clarence Danhof classification

    Innovating entrepreneurs

    Imitative entrepreneurs

    Fabin entrepreneurs

    Drone entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the type of business

    Trading entrepreneurs

    Industrial entrepreneurs

    Corporate entrepreneurs

    Business entrepreneurs

    Agricultural entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the Use of Technology

    Technical
    entrepreneurs

    Non-technical
    entrepreneurs

    Professional
    entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the Ownership

    Private
    entrepreneurs

    State
    entrepreneurs

    Joint
    entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the size of entrepreneurs

    Small scale
    entrepreneurs

    Medium scale
    entrepreneurs

    Large scale
    entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the Motivation

    Pure entrepreneurs

    Induced entrepreneurs

    Motivated entrepreneurs

    Spontaneous
    entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the Development Stage

    First generation
    entrepreneurs

    Modern
    entrepreneurs

    Classical
    entrepreneurs
    TYPES OF ENTREPRENEUR
    Based on the Gender

    Men
    entrepreneurs

    Women
    entrepreneurs
    TYPES OF ENTREPRENEUR
    Other types

    Active Partner

    Inventor

    Challenger

    Buyers

    Lifetimers
    Qualities of an entrepreneur
    Self Confident ,
    Independent &
    Emotionally stable

    Objective approach,
    Organiser, predictor

    Risk taker, Innovator

    Hard worker,
    Perseverance &
    Optimistic
    High achiever &
    conceptual ability
    Factors influencing entrepreneurship
     Economic factors – capital, labour and skills, raw materials,
    market and infrastructure.
     Social factors – caste, family background, education,
    attitude and cultural values.
     Psychological factors – need for achievement, withdrawal
    of status respect and motives.
     Other factors – political and legal factors, environmental
    factors and personal factors.

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