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TYPES OF ENTREPRENEURS

SUBMITTED BY: Vishal Kumar 08915603909 MBA Sec A

TYPES OF ENTREPRENEURS
Types of Entrepreneurs can be classified on different basis. Some of these basis include : Type of business Use of Technology Motivation Growth Stages in Development Others

TYPE OF BUSINESS
Business entrepreneur: Convert ideas into reality; deal with both manufacturing and trading aspect of business (Small trading and manufacturing business) Trading entrepreneur: Undertakes trading activities; concerned with marketing (Domestic and international level) Industrial entrepreneur: Undertakes manufacturing activities only; new product development etc (textile, electronics, etc) Corporate entrepreneur: Interested in management part of organisation; exceptional organising, coordinating skills to manage a corporate undertaking (Ambani, Tata families) Agricultural entrepreneur: Production and marketing of agricultural inputs and outputs (Dairy, horticulture, forestry

USE OF TECHNOLOGY
Technical entrepreneur: Production oriented, possesses innovative skills in manufacturing, quality control etc. Non technical entrepreneur: Develops marketing, distribution facilities and strategies Professional entrepreneur: Uses the proceeds from sale of one business to start another one. Brimming with ideas to start new ventures

MOTIVATION
Pure entrepreneur: Psychological and economic rewards motivate him Induced entrepreneur: Incentives, concessions, benefits offered by government for entrepreneurs motivates him Motivated entrepreneur: Sense of achievement and fulfillment motivate him Spontaneous entrepreneur: Born entrepreneurs with inborn traits of confidence, vision, initiative

GROWTH
Growth entrepreneur: One who enters a sector with a high growth rate; is a positive thinker Super growth entrepreneur: One who enters a business and shows a quick, steep and upward growth curve

STAGES IN DEVELOPMENT
First generation entrepreneur: Innovator, risk taker, among the firsts in family to enter business. Modern entrepreneur: Who considers feasibility of business, which can adapt to change and dynamic market. Classical entrepreneur: One who gives more importance to consistent returns than to growth; concerned about customer and marketing needs. Innovating entrepreneurs are generally aggressive in collecting information, analyzing and experimenting attractive possibilities into practice. They are always creative and bringing in innovation in their work. Imitative entrepreneurs are ready to adopt and are more flexible in imitating techniques developed by others. They exploit opportunities as they come and are mostly on a small scale. He is more of an organizer of factors of production than a creator. In the context of a poor country, he is definitely a change agent and hence he is important in underdeveloped countries.

OTHERS
Area: Rural and Urban entrepreneur Gender/Age : Men and Women entrepreneur Scale : Small and Large scale entrepreneur

Dhirubhai H. Ambani
Founder Chairman, Reliance Industries Limited, India
December 28, 1932 - July 6, 2002
Major Group Companies: Reliance Industries Limited, India's largest private sector company. Birthplace: Chorwad, village in Saurashtra (Gujarat), India

Career
At the age of 17 went to Aden (now part of Yemen) and worked for A. Besse & Co. Ltd., the sole selling distributor of Shell products.
In the year 1958 returned to Mumbai and started his first company, Reliance Commercial Corporation, a commodity trading and export house. In the year 1966, as a first step in Reliance's highly successful strategy of backward integration, he started the textile mill in Naroda, Ahmedabad. In the year 1975, a technical team from the World Bank certified that the Reliance textile plant was "excellent by developed country standards." In the year 1977, the company went public. Credited with a number of financial innovations in the Indian capital markets. Today, the Reliance Group has one of the largest family of shareholders in the world. With an investment of over Rs 36,000 crore (US$ 9 billion) in petroleum refining, petrochemicals, power generation, telecommunication services and a port terminal in a three-year time frame, has steered the Reliance Group to its current status as India's leading textiles-petroleum-petrochemicals-power-telecom player.

Achievements
Voted India's 'Top Businessman' in the 'Best of India' poll conducted by Zee News, August 2003. Rated as one of 'India's Most Admired CEOs' for the fourth consecutive year in the Business Barons - Taylor Nelson Sofres - Mode Survey, July 2002. Conferred the 'Lifetime Achievement Award' by India HRD Congress, February 2002. Conferred 'The Economic Times Award for Corporate Excellence for Lifetime Achievement', August 2001. Felicitated by the Municipal Corporation of Greater Mumbai with a citation at a civic reception, December 2000.

Voted as 'Creator of Wealth' of the Century in The Times of India poll, January 2000.