There are several types of entrepreneurs defined by their business activities:
- Business entrepreneurs conceive new business ideas for products/services and create businesses to realize those ideas through production and marketing.
- Trading entrepreneurs undertake trading activities and focus on identifying new markets and stimulating demand rather than manufacturing.
- Industrial entrepreneurs manufacture products and services with effective market demand, converting resources and technology into profitable ventures.
- Corporate entrepreneurs demonstrate innovative skills in organizing and managing corporate undertakings very effectively and efficiently.
Original Description:
Difference between types of entrepreneurs according to types of business
There are several types of entrepreneurs defined by their business activities:
- Business entrepreneurs conceive new business ideas for products/services and create businesses to realize those ideas through production and marketing.
- Trading entrepreneurs undertake trading activities and focus on identifying new markets and stimulating demand rather than manufacturing.
- Industrial entrepreneurs manufacture products and services with effective market demand, converting resources and technology into profitable ventures.
- Corporate entrepreneurs demonstrate innovative skills in organizing and managing corporate undertakings very effectively and efficiently.
There are several types of entrepreneurs defined by their business activities:
- Business entrepreneurs conceive new business ideas for products/services and create businesses to realize those ideas through production and marketing.
- Trading entrepreneurs undertake trading activities and focus on identifying new markets and stimulating demand rather than manufacturing.
- Industrial entrepreneurs manufacture products and services with effective market demand, converting resources and technology into profitable ventures.
- Corporate entrepreneurs demonstrate innovative skills in organizing and managing corporate undertakings very effectively and efficiently.
individuals who conceive an idea for a new product or service and then creates a business to materialize their idea into reality. They tap both production and marketing’ resources in their search to develop a new business opportunity. TRADING ENTREPRENEUR - • Trading entrepreneur is one who undertakes trading activities and is not concerned with the manufacturing work. He identifies potential markets, stimulates demand for his product line and creates a desire and interest among buyers to go in for his product. INDUSTRIAL ENTREPRENEUR - • Industrial entrepreneurs essentially manufacture products and offer services, which have an effective demand in the marketing. They have the ability to convert economic resources and technology into a profitable venture. CORPORATE ENTREPRENEURS - • Corporate entrepreneur is a person .who demonstrates his innovative skill in organizing and managing corporate undertaking. A corporate entrepreneur is thus an individual who plans, develops and manages a corporate body very effectively and efficiently. They usually promote and are engaged in business, trade or industry. AGRICULTURAL ENTREPRENEURS -
• Agricultural entrepreneurs are those
entrepreneurs who undertake agricultural activities as raising and marketing of crops, fertilisers and other inputs of agriculture. They are motivated to raise agriculture through mechanization, irrigation and application of technologies for dry land agriculture products. USE OF TECHNOLOGY - TECHNICAL NON-TECHNICAL ENTREPRENEURS - ENTREPRENEURS - • Non-technical entrepreneurs are those • A technical entrepreneur is essentially who are not concerned with the compared to a “craftsman.” He technical aspects of the product in develops improved quality of goods which they deal. They are concerned because of his craftsmanship. He only with developing alternative concentrates more on production than marketing and distribution strategies marketing. to promote their business. PROFESSIONAL ENTREPRENEURS - • Professional entrepreneur is a person who is interested in establishing a business, but does not have interest in managing or operating it once it is established. They sells out the running business and starts another venture with the sales proceeds. Done by – J.S. Pooja