To study the types of entrepreneurs and factor affecting entrepreneurial growth

1. Classification of
Entrepreneurs

2. Who is an Entrepreneur?
 Entrepreneur are person who initiate, organize, manage and control the
affairs of a business unit that combines the factors of production to supply
goods and services whether business pertains to agriculture, industry trade or
profession
 Clarence Danhof carried out a study on American agriculture and on the basis
of his study classified entrepreneurs on basis of stages of economic
development. The other classifications are based on technology, growth and
market economy.

4. Classification based on Type of Business
 Business entrepreneur
 Trading entrepreneur
 Industrial entrepreneur
 Corporate entrepreneur
 Agricultural entrepreneur

5. Business entrepreneur
 They are the ones who start business units after developing ideas for new
products/services
 They may set up a big establishment or a small business unit
 Called as small business entrepreneurs when they start with a small unit such
as printing press, textile processing, advertising agency, readymade garment
house etc
 In majority of cases, entrepreneurship flourishes when size of business is
small

6. Trading entrepreneurs
 who undertake buying & selling of goods, but not engaged in manufacturing
 He identifies potential markets, stimulates demand for his product and
creates a desire or interest among buyers to go for his product.
 Britain is a country which has developed through trading entrepreneurs

7. Corporate entrepreneurs
 They establish and manage corporate form of organization which have
separate legal existence
 They are persons who demonstrates innovative skill in organising

8. Agricultural entrepreneurs
 One who undertake activities like raising and marketing of crops, fertilizers
and other allied activities.
 They are motivated to raise the productivity of agriculture through
mechanisation, irrigation and different technologies

9. Industrial entrepreneurs
 It is basically a manufacturer who identifies the need of customers and
produces products or services to meet the marketing needs
 He is a product oriented man who starts in an industrial unit aiming to
produce a new product
 Has the ability to convert economic recourses and technology to something
profitable

10. Social entrepreneurs
 They are the ones who recognises the part of society which is stuck and
provides new ways and products to help it unstuck or move forward
 Notable social entrepreneurships include efforts made for child betterment,
betterment of blind, initiatives to empower women
 An understanding of Social Entrepreneurship history reveals that the social
Entrepreneur is usually a creative individual who questions established norms
help the society rather than themselves rich

11. Classification Of Entrepreneurs
According To Use Of Technology
TECHNICAL ENTREPRENEUR–
Concentrates more on production
Does not care about various marketing techniques
Innovative capabilities in production of goods
NON TECHNICAL ENTREPRENEUR –
Not concerned with technical aspects of production
Developes marketing and distribution strategies

12. According To Motivation
PURE ENTREPRENEUR –
Motivated by psychological and economical rewards
Works for personal satisfaction
INDUCED ENTREPRENEUR –
Induced by policy measures of the government that provides necessary
overhead facilities
Most entrepreneurs belong to this category
Import restrictions and allocation of production quotas to small units give
rise to small scale industries

13. MOTIVATED ENTREPRENEUR –
Desire for self fulfilment
Markets new products for customers
If the product reaches saleable stage, rewarded by profits
SPONTANEOUS ENTREPRENEUR –
Starts business out of natural talents
Takes intiative
Has strong conviction and confidence

14. According To Growth
GROWTH ENTREPRENEUR –
Takes up a high growth industry and chooses an industry which has sustained
growth prospects
SUPER GROWTH ENTREPRENEUR –
Has enormous growth of performance in their venture
Growth performance is identified by liquidity of funds, probability and gearing

15. According To Stages Of Development
1ST GENERATION ENTREPRENEUR –
Essentially an innovator
Combines different technologies to produce a marketable product
MODERN ENTREPRENEUR –
Undertakes ventures which suit current marketing needs
CLASSICAL ENTREPRENEUR –
Concerned with consumers and marketing needs
The stereotype entrepreneur
Aims for economic levels consistent with the survival of the firm

16. Women Entrepreneur's Enterprise
 Role of Women in Economic Development is vital to achieve the inclusive growth.
 In 1980 ,definition of Women Entrepreneurs’s Enterprise was evolved .
 An SSI unit/industry- related service or business enterprise proprietarily concerned
by women.
 Now due to lack of job opportunity, the increasing cost of living, high education,
family background of having business they are becoming entrepreneurs.

17. Number of women entrepreneurs overall is less because
 Initial hesitation and inhibitions.
 Traditional perception of women’s role.
 1st generation women entrepreneurs has to compete
against those already well established .

18. Unclassified
• Innovating Entrepreneurs
• Adopting or Imitating Entrepreneurs
• Fabian Entrepreneurs
• Drone Entrepreneurs
• Aspiring Entrepreneurs
• Lifestyle Entrepreneurs
• Growth Entrepreneurs
• Opportunist Entrepreneurs
• E-Entrepreneurs

19. Innovating Entrepreneurs
01
 These are the ones who invent the new ideas, new products,
new production methods or processes.
 These are the industry leaders and contributes significantly
towards the economic development of the country.
 They are always ready to take a risk because they enjoy the
excitement of a challenge.
 Ratan Tata is said to be an innovative entrepreneur, who
launched the Tata Nano car at a considerably low cost.

20. Imitating Entrepreneurs
 The imitating entrepreneurs are those who immediately copy
the new inventions made by the innovative entrepreneurs.
 These entrepreneurs are found in the places where there is a
lack of resources or industrial base due to which no new
innovations could be made.
 Seen in the developed regions.
 to adopt successful innovation.

21. Fabian Entrepreneurs
 These types of entrepreneurs are skeptical about the changes to
be made in the organization.
 They do not initiate any inventions but follow only after they are
satisfied with its success rate.
 Not much interested in taking risks.

22. Drone Entrepreneurs
 These entrepreneurs are reluctant to change since they
are very conservative and do not want to make any
changes in the organization.
 They suffer losses but they do not make changes in
production methods.

23. Aspiring Entrepreneurs
 Dream of starting a business.
 Hope for the chance to be their own bosses.
 But have not yet made the leap from their current
employment into the uncertainty of a startup.

24. Lifestyle Entrepreneurs
 Developed an enterprise that fits their individual
circumstances.
Growth Entrepreneurs
 Have both the desire and ability to grow as fast as
large as possible.

25. Opportunist Entrepreneurs
 Have grabbed an opportunity which has come in
their way.
E- Entrepreneurs
 Click-through schemes and capturing eyeballs.

26. IT Entrepreneurs
 Straight to the top of value chain.
 Have narrow defined niche & a skew
toward products.
 Confident, ambitious, innovative and
acquired creativity in the competitive
global environment.
 Brave new branch of entrepreneurs.

27. Intrapreneurs
 Blend of two terms intra+preneurs.
 If company is supportive then it
succeed.
 For starters it acts within the confines
of an existing organisation.
 Is also typically the intra-organisational
revolutionary.
 Is more inclined to act first and ask for
forgiveness than to ask for permission
before acting.

28. Factors affecting entrepreneurial
growth

29. 1. Capital
 Capital is one of the most important
prerequisites to establish an enterprise.
Availability of capital helps an
entrepreneur to bring together the land of
one, machine of another and raw material
of yet another to combine them to
produce goods. Therefore, capital is
regarded as lubricant to the production
process.

30. 2.Labour
 The quality and quantity of labour is another factor which
influences the emergence of entrepreneurship. If
entrepreneurial activities are initiated near areas where
labour is available, then it is easy to carry out the business
more comfortably and profitably at low cost.
 More than abundantly available labour, the presence of
skilled labour force is very important because such a
workforce is generally less mobile than other resources.

31. 3. Raw Materials
 It is one of the basic ingredient required for production.
Shortage of raw material can adversely affect
entrepreneurial environment. Without adequate supply
of raw materials no industry can function correctly and
emergence of entrepreneurship is adversely affected.

32. 4. Market
 It is not only the availability of capital, labour
and raw materials but a readily available
market that attracts entrepreneurial activities.
Ultimately, it is the market that fetches
revenue for any business.
 If sufficient market is not there, people will
naturally hesitate to do business in the sector.

33. 5. Government actions
 The government by its actions or failure to act also
does influence both the economic and non-
economic factors for entrepreneurship.
 By creating basic facilities, services and utilities
and by providing incentives and concessions, the
Government can provide the prospective
entrepreneurs a facilitative socio-economic setting.
Such conducive setting minimises the risks which
the entrepreneurs are to face.

34. Conclusion
Entrepreneurs are important for the
economy. if successful, their innovations
can improve our standard of living, and
by successfully creating job
opportunities, they contribute to the
development of the nation.

35. Thank you!