3 Types of Entrepreneurs, Enterpreneurship-3.pptx

Entrepreneurship

1. Types of Entrepreneurs

2. Types of Entrepreneurs Depending upon the level of willingness to create innovative ideas, there can be the following types of entrepreneurs . 1 . Innovative E ntrepreneurs : These entrepreneurs have the ability to think newer, better and more economical ideas of business organisation and management. They are the business leaders and contributors to the economic development of a country

3. Inventions like the introduction of a small car ‘Nano’ by Ratan Tata . O rganised retailing by Kishore Biyani . M aking mobile phones available to the common ma n by Anil Ambani . Types of Entrepreneurs

4. Types of Entrepreneurs Imitating Entrepreneurs 2. Imitating entrepreneurs: These entrepreneurs are people who follow the path shown by innovative entrepreneurs . They imitate innovative entrepreneurs because the environment in which they operate is such that it does not permit them to have creative and innovative ideas on their own. Such entrepreneurs are found in countries and situations marked with weak industrial and institutional base which creates difficulties in initiating innovative ideas.

5. Types of Entrepreneurs In our country also, a large number of such entrepreneurs are found in every field of business activity and they fulfill their need for achievement by imitating the ideas i ntroduced by innovative entrepreneurs . Development of small shopping complexes is the work of imitating entrepreneurs. All the small car manufacturers now are the imitating entrepreneurs .

6. Types of Entrepreneurs 3. Fabian entrepreneurs The dictionary meaning of the term ‘ fabian ’ is ‘a person seeking victory by delay rather than by a decisive battle’. Fabian entrepreneurs are those individuals who do not show initiative in visualising and implementing new ideas and innovations wait for some development which would motivate them to initiate unless there is an imminent threat to their very existence.

7. Types of Entrepreneurs 4. Drone entrepreneurs The dictionary meaning of the term ‘drone’ is ‘a person who lives on the labor of others’. Drone entrepreneurs are those individuals who are satisfied with the existing mode and speed of business activity and show no inclination in gaining market leadership In other words, drone entrepreneurs are die-hard conservatives and even ready to suffer the loss of business.

8. Types of Entrepreneurs 5. Social Entrepreneur: Social entrepreneurs drive social innovation and transformation in various fields including education, health, human rights, workers’ rights, environment and enterprise development They undertake poverty alleviation objectives with the zeal of an entrepreneur, business practices and dare to overcome traditional practices and to innovate.

9. Social Entrepreneur Mahatma Gandhi The Mahatma was a man obsessed with sustainability, being environment friendly, making the best use of local resources, growth of villages, power of cooperatives, promoting local industry and community-driven initiatives . If social entrepreneurs can be described as visionaries who solve old problems with new ways of thinking Gandhi certainly fits in it.

10. Contd … 2) Dr Verghese Kurien , father of the India’s milk revolution: Tribhuvandas Kishibhai Patel might have founded The Kaira District Co-operative Milk Producers' Union (now better known as Amul ) in 1946. But if it wasn’t for Varghese Kurien - who had just arrived from the US after pursuing a Master’s Degree- the co-operative would never have become a household name. Kurien’s contribution to the social entrepreneurship movement in India is monumental.

11. Contd … 3) Sanjit “Bunker” Roy, founder of Barefoot College. In 1965, Roy was a young post graduate student from St Stephen’s College, Delhi, when he volunteered to spend the summer, mapping 100 drought prone areas in famine-affected Palamu District, of Jharkhand (earlier part of Bihar). Roy was never the same following this experience and he made it his life’s mission to fight poverty and inequality thereon. He founded Social Works and Research Centre (SWRC) in 1972 to find ways to address rural poverty by using new models and strategies, working in the fields of education; skill development; health; drinking water; women empowerment; and electrification through solar power for the upliftment of rural people.

12. Types of Entrepreneurs 6. Women Entrepreneur Women entrepreneurs have been making a significant impact in all segments of the economy in India, Canada, Great Britain, Germany, Australia and the United States. The areas chosen by women are retail trade, restaurants, hotels, education, cultural, cleaning, insurance and manufacturing. The following two factors pulling or pushing women in an entrepreneurship are:

13. Factors leading women to be an entrepreneur: Women entrepreneurs choose a business enterprises as Profession and an independent occupation to overcome a challenge to get over financial difficulties . They take up entrepreneurial activities with an urge to get some visibility in the family and society at large

14. Factors leading women to be an entrepreneur: With the spread of education and new a pproaches / awareness , women entrepreneurs are achieving higher leve l of 3E’s, namely: (i) Engineering (ii) Electronics (iii) Energy. Though there are certain Psycho-Social Barriers which hinders the growth of women entrepreneurs.

15. Challenges for Women Entrepreneurs Problems of raising equity capital Difficulty in borrowing fund. C ut -Throat competitions and rare existence of small companies. Problems of availing raw-materials . Problems of obsolescence of indigenous technology . Increased pollutions and Ecological imbalance s . Problems of TRIPS and TRIMS .

16. Suggestions Promotion of healthy competitions among nations Consideration increase in government assistance for international trade. Establishment of other national and international institutes to support business among nations of the world Benefits of specialization. Social and cultural development

17. Women Entrepreneurs 1. Indu Jain – Chairperson (former), Times Group Indu Jain, 76, used to be the chairperson of India's largest and most powerful media house – The Times Group. A strong votary of women's rights and women entrepreneurship, Indu contributed immensely to the growth of Times group. Now, her two sons Samir and Vineet are running the company. Indu Jain is also founder President of the Ladies wing of FICCI (FLO). Indu is also the  Chairperson of the Bharatiya Jnanpith Trust, which awards India's most prestigious and highest literary award, the Jnanpith award.

18. Contd … 2. Simone Tata – Chairperson (Former), Lakme Chairperson (Present),Trent Limited French by birth and educated in Switzerland, Simone is wife of Naval Homey Jahangir Tata and step mother to Ratan Tata. She is better known as ‘Cosmetic Czarina of India'. She has the distinction of changing a small subsidiary of Tata Oil Mills into the largest cosmetic brand in India – Lakme , that became synonymous with indigenous Indian cosmetics. In 1996 Tata sold off Lakmé to Hindustan Lever Limited (HLL), and created Trent from the money it made through the sale. Presently, Simone is the chairperson of Trent Limited.

19. Thank You, All!