Types of Entrepreneurs - Quick Revision Sheet
Quick revision
Other names
| Entrepreneur | Also called |
|---|---|
| Business entrepreneur | Solo entrepreneur |
| Corporate entrepreneur | Promoter |
Count of types
- Function: 4
- Type of business: 7
- Technology: 3
- Motivation: 4
- Development stage: 3
- Area: 2
- Ownership: 3
One-line clues
| Clue | Type |
|---|---|
| Introduces something new | Innovating |
| Reengineers foreign products for local use | Imitative |
| Adapts only as a last resort | Fabian |
| Never adapts; niche market | Drone |
| Only buys and sells; commission | Trading |
| Value addition | Industrial |
| Focus on production, not marketing | Technical |
| Starts a venture and sells it after take-off | Professional |
| Psychological and economic motives | Pure |
| Government incentives | Induced |
| Self fulfilment | Motivated |
| Inborn traits | Spontaneous |
| No family background; self made | First generation |
| Spots unfilled gaps in market | Modern |
| Family business | Classical |
| Private individuals plus Government | Joint |
Remember
- Corporate form: ownership and management are separated.
- Rural incentives aim to check migration of rural people to cities.
- State entrepreneurship: company, corporation, department or board.
More for this chapter
Book Back Questions5 textbook MCQs · solved
Additional MCQs23 extra MCQs · solved
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Additional MCQ TestTest yourself on the extra set
Study NotesConcepts & methods
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20 Liberalization, Privatization and Globalization
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22 The Negotiable Instruments Act, 1881
23 Elements of Entrepreneurship
25 Government Schemes for Entrepreneurial Development
26 Companies Act, 2013
27 Company Management
28 Company Secretary