View
218
Download
0
Category
Preview:
Citation preview
8/19/2019 Types and Functions of an Entrepreneur.ppt
1/8
Types and Functions of
an Entrepreneur
By- Anurag Chawla
029130113
BBA !1
8/19/2019 Types and Functions of an Entrepreneur.ppt
2/8
Concept of Entrepreneurship
The word "entrepreneur# is deri$ed fro% the
French $er& enterprendre' which %eans (to
underta)e*+
Entrepreneur is a person always in search of
so%ething new and eploits such ideas intogainful opportunities &y accepting the ris) and
uncertainty with the enterprise+
8/19/2019 Types and Functions of an Entrepreneur.ppt
3/8
Types of Entrepreneur
1. Innovative entrepreneurs:
These entrepreneurs ha$e the a&ility to thin) newer' &etter and %ore
econo%ical ideas of &usiness organisation and %anage%ent+ They are
the &usiness leaders and contri&utors to the econo%ic de$elop%ent of a
country+
2. Imitating Entrepreneur: These entrepreneurs are people who follow the path shown &y
inno$ati$e entrepreneurs+ They i%itate inno$ati$e entrepreneurs
&ecause the en$iron%ent in which they operate is such that it does not
per%it the% to ha$e creati$e and inno$ati$e ideas on their own+
8/19/2019 Types and Functions of an Entrepreneur.ppt
4/8
3. Fabian entrepreneurs:
The dictionary %eaning of the ter% (fa&ian* is (a person see)ing $ictory
&y delay rather than &y a decisi$e &attle*+ Fa&ian entrepreneurs are
those indi$iduals who do not show initiati$e in $isualising and
i%ple%enting new ideas and inno$ations wait for so%e de$elop%entwhich would %oti$ate the% to initiate unless there is an i%%inent
threat to their $ery eistence+
4. Drone entrepreneurs:
The dictionary %eaning of the ter% (drone* is (a person who li$es on
the la&or of others*+ .rone entrepreneurs are those indi$iduals who are
satisfied with the eisting %ode and speed of &usiness acti$ity and show
no inclination in gaining %ar)et leadership+ /n other words' drone
entrepreneurs are die-hard conser$ati$es and e$en ready to suffer the
loss of &usiness+
8/19/2019 Types and Functions of an Entrepreneur.ppt
5/8
5. Social Entrepreneur:
ocial entrepreneurs dri$e social inno$ation and
transfor%ation in $arious fields including education'
health' hu%an rights' wor)ers* rights' en$iron%ent and
enterprise de$elop%ent+
8/19/2019 Types and Functions of an Entrepreneur.ppt
6/8
Functions of an Entrepreneur
1. Innovation:
An entrepreneur is &asically an inno$ator who tries to de$elop
new technology' products' %ar)ets' etc+
2. Assumption o !is":
An entrepreneur' &y definition' is ris) ta)er and not ris)shir)er+ e is always prepared for assu%ing losses that %ay arise
on account of new ideas and proects underta)en &y hi%+
8/19/2019 Types and Functions of an Entrepreneur.ppt
7/8
3. !esearc#:
An entrepreneur is a practical drea%er and does a lot of
ground-wor) &efore ta)ing a leap in his $entures+ /n other
words' an entrepreneur finalies an idea only after
considering a $ariety of options' and then choosing the &estalternati$e+
4. Development o $anagement S"ills:
The wor) of an entrepreneur in$ol$es the use of
%anagerial s)ills which he de$elops while planning'
organiing' staffing' directing' controlling and coordinating
the acti$ities of &usiness+
8/19/2019 Types and Functions of an Entrepreneur.ppt
8/8
5. %vercoming !esistance to ange:
4ew inno$ations are generally opposed &y people
&ecause it %a)es the% change their eisting
&eha$ior patterns+ An entrepreneur always first tries
new ideas at his le$el+
'. &atal(st o Economic Development:
An entrepreneur plays an i%portant role in
accelerating the pace of econo%ic de$elop%ent of a
country &y disco$ering new uses of a$aila&leresources and %ai%iing their utiliation+
Recommended