TYPES AND CHARACTERISTICS OF ENTREPRENEUR

ACCORDING TO DANHOF ENTREPRENEURS AREInnovative entrepreneurs Imitative or adaptive entrepreneurs Fabian entrepreneurs Drone entrepreneurs

Adventurous entrepreneurs who attempt to put attractive possibilities in to practice. Introduce a new technique, product.
Mobilize sufficient capital to start an enterprise. Introduce new product & production technique and find out new market for their product.

Attempts to imitate innovative entrepreneur.

Imitate techniques and activities of other entrepreneur. The entrepreneur of the developing countries belong to this type .

Who attribute preference to customer religion to custom religion tradition past habit. Cautious to accepts changes and they view changes with suspicion .reluctant to face risk follow foot steps of their predecessors.

Unwilling to market any changes in production system even if it causes losses repeatedly . They never try to rise in accordance with the opportunities. Even if their products & business is uneconomical they continue with their business.

BUSINESS ENTREPRENEURS -Develop an idea for a new product or service

TRADING ENTREPRENEURS - Undertakes trading activities whether domestic or overseas INDUSTRIAL ENTREPRENEURS - Manufacture products and services which have an effective demand in the marketing CORPORATE ENTREPRENEURS - Innovative ideas and skill able to organize, manage and control a corporate undertaking very effectively and efficiently

SOCIAL ENTREPRENEURS - Recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change.
AGRICULTURAL ENTREPRENEURS - Undertakes agricultural as well as allied

activities in the field of agriculture

TECHNICAL ENTREPRENEURS- Highly Skilled in product Crafts men. Focuses mainly on Product Design. NON-TECHNICAL ENTREPRENEUR - Focuses on Mktg, Distribution& designing the cheaper product. PROFESSIONAL ENTREPRENEURS - Who creates new technology or idea & sells it to others for money & Moves to next level of creation .

ACCORDING TO MOTIVATION
PURE ENTREPRENEURS - Who creates jobs rather seek a job. INDUCED ENTREPRENEURS- Who is encouraged by govt. bodies . MOTIVATED ENTREPRENEURS - Who creates jobs rather seek a job.

GROWTH ENTREPRENEURS - always take up high growth industries which have substantial growth prospects in future. SUPER-GROWTH ENTREPRENEURS - shown tremendous growth performance in their enterprise

ACCORDING TO STAGES OF DEVELOPMENT

FIRST GENERATION ENTREPRENEURS - their industrial unit by means of
their own innovative skill and expertise. MODERN ENTREPRENEURS- undertake ventures which run smoothly along with the changing demand of the products or service in the market CLASSICAL ENTREPRENEURS - concerned with the customers and marketing needs through a development of a self- supporting venture.

THE CHARACTERISTICS OF AN ENTREPRENEUR ARE DEVELOPED ON THE BASIS OF : The history of thought on the term entrepreneur Studying the characteristics of the successful entrepreneurs Differentiating the term entrepreneur from related term such as manager Myths on entrepreneurs

SOME COMMON CHARACTERISTICS OF ENTREPRENEURS ARE

RISK TAKERINNOVATORCHANGE AGENTDREAMERPROBLEM SOLVERHIGH ACHIEVERDECISION MAKEROPPORTUNISTLEADERORGANISERVISIONARY-

WEBSTER,WALKER AND KNIGHT SCHUMPETER AND DRUCKER YOUNG LUTHER HAGEN MCCLELLAND DANHOF DRUCKER AND DEWING HISRICH J B SAY HISRICH

Risk taker
Determination & Persistence Vision, creativity and innovation

Motivation to succeed

Entrepreneur

Relevant skills and expertise

Not daunted by failure Passion

Spot and take advantage of opportunities

New product in market

New technology
Money circulation Discover new source of material Creation of employment Better Standard of living New ideas bring huge changes Develop new market Mobilize capital resources

BY LINKING HIS MICROSOFT SOFTWARE TO IBMS FIRST PCS HE DOMINATED THE INDUSTRY HE DEVELOPED THE TWOPRONG STRATEGY OF EXPANDING THE MARKET WHILE MAINTAINING A STRONG HOLD ON COMPETITORS

CREATED A NEW MODEL FOR PC SALES CUTTING OUT THE RETAIL MIDDLEMAN AND CUSTOMBUILDING COMPUTERS TO SUIT BUYERS NEEDS PUT DELL AT THE FRONT OF THE CLASS OF PC MAKERS

Oprah Winfrey turned her name into one of the most successful and respected brands in the world.
Leveraged that fame into other interests: magazines, Web sites, film and television production and Social Entrepreneurship.

HE NOT ONLY INTRODUCED INNOVATIONS IN MARKETING, BUT ALSO IN FINANCE . HE TOOK LOT OF RISKS AND BELIEVED THAT HE DID NOT HAVE TO LOSE ANYTHING. HE INTRODUCED INNOVATIVE FINANCIAL INSTRUMENTS. HE CAME UP WITH BIG ISSUES AND ENTERED THE SMALL TOWNS. HE DID NOT HAVE ANY EGO AND MIXED FREELY WITH PEOPLE FROM ALL WALKS OF LIFE. HE HAD THE HABIT OF PLUCKING TALENT FROM WHEREVER AVAILABLE.

Graduated From: Birla Institute of Technology and Sciences, Pilani.

He co-launched Habits, a creative learning resources company that encourages more creative thinking with the aid of educational materials such as musicals, plays, and interactive games. Habits is also involved with projects in rural India to encourage self-employment.

THANK YOU