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ENTREPRENEURSHIPDEVELOPMENT

TYPES OF ENTREPRENEURSHIP

PRITEE SINGH

MBA 2ND YEAR

TYPES OF ENTREPRENEURSHIP

“CLARENCE DANHOF” CLASSIFIES ENTREPRENEAUR INTO FOUR TYPES ARE AS FOLLOWS….

TYPES OF ENTREPRENEURSHIP

Innovative Entrepreneurs-developed countries • Aggressive assemblage of information &

analyzing.• Aggressive in experimentation and cleverly put

attractive possibilities into practice. • Sees opportunity for introducing a new technique,

new product or a new market.

• Raise money to launch an enterprise, assemble

the various factors and choose top executives• and set the organization going.

TYPES OF ENTREPRENEURSHIP

Imitative Entrepreneurs

Characterized by imitating the innovative

entrepreneurs.

They imitate the technology & techniques

innovated by others.

They are important in underdeveloped

nations.

TYPES OF ENTREPRENEURSHIP

Adoptive

Transform the system with the limited

resources available.

Face less risk and uncertainty.

Organizer of factors of production than a

creator.

He can set in chain reaction and lead to

cumulative progress

TYPES OF ENTREPRENEURSHIP

Fabian Entrepreneurs

• Very cautious and skeptical while practicing any

change.

• Neither the will to introduce new changes nor the

desire to adopt new methods.

• Shy and lazy

• Don’t take risks, Follow predecessors.

• Determined by custom, religion, traditions and

past practices.

• They imitate only in situations when it becomes

absolutely necessary

TYPES OF ENTREPRENEURSHIP

Drone Entrepreneurs

• Are laggards and operate in a traditional

way.

• Conventional

• Refuse to change and adopt new opportunities to make changes in production methods.

ENTREPRENEURSHIP AS A CAREER OPTION

Various countries are launching new initiatives to boost entrepreneurship education within their traditional institutions. For example, Canada’s Federal Minister of State (Small Business and Tourism) Rob Moore met with entrepreneurs and mentors last week in Toronto to discuss the state of youth entrepreneurship in Canada. Hosted by the Canadian Youth Business Foundation (CYBF), the meeting focused on the importance of strengthening youth entrepreneurship across Canada, and its positive and immediate contribution to Canada's economic recovery and global competitiveness.

TYPES OF ENTREPRENEURSHIP

CYBF, as the Official Host for Global Entrepreneurship Week – Canada, received the "Country of the Year 2009" award presented by the Kauffman Foundation at the Global Entrepreneurship Congress held in Dubai on March 9th. Canada’s federal government and CYBF are partners. The country’s recent budget includes $10 million in funding to CYBF to help create more than 500 new businesses across Canada within the next year.

TYPES OF ENTREPRENEURSHIP

In the U.S., the California Community Colleges Chancellor's Office awarded a $35,000 grant to the Yuba Community College District's Small Business Development Center to support its Young Entrepreneur Program (YEP). YEP is an 18-hour program designed to showcase business management and ownership as a career option. The program was launched by the State Chancellor's Office in 2008 and is available to entrepreneurs between the ages of 14 and 27.

TYPES OF ENTREPRENEURSHIP

ALL ENTREPRENEAUR ARE SELF EMPLOYED AND INCOME GENERATING PERSON …….

BUT ALL SELF EMPLOYED AND INCOME GENERATING PERSONS MAY NOT BE ENTREPRENEAUR.

ROLE OF ENTREPRENEAUR IN ECONOMIC GROWTH

How is entrepreneurship good for economic growth?

ROLE OF ENTREPRENEAUR IN ECONOMIC GROWTH

• Entrepreneurs create new businesses, and new businesses in turn create jobs, intensify

competition, and may even increase productivity through technological change. High

measured levels of entrepreneurship will thus translate directly into high levels of economic

growth . However, the reality is more complicated.

ROLE OF ENTREPRENEAUR IN ECONOMIC GROWTH

• Economists regard entreprenuership as one of the five fundamental resources, or the factors needed to produce goods and services, used in context of costs of production.

• The other four resources, or costs of production, include land, labor, physical capital, and human capital.

• A brief description of all five resources, and how they contribute to economic growth are cited below.

• Land - includes rent payments, real estate, and natural resources.

• Labor - wages and salaries.

ROLE OF ENTREPRENEAUR IN ECONOMIC GROWTH

Physical Capital - machines, manufaturing, and equipment.

Human Capital – includes intellectual property, patents, training, and education.

THANK YOU