Thursday, 15 August 2024

TYPES OF ENTREPRENEURS

Types of Entrepreneurs

Innovative Entrepreneurs:

Focus on creating new products, services, or technologies. Ritesh Agarwal of OYO Rooms is an example of an innovative entrepreneur who disrupted the hospitality industry.

Imitative Entrepreneurs:

These entrepreneurs replicate existing business models in new markets, like Snapdeal, founded by Kunal Bahl and Rohit Bansal, which modeled itself after international e-commerce platforms.

Fabian Entrepreneurs:

Cautious and risk-averse, family-owned businesses in traditional sectors like textiles or agriculture might resist adopting new technologies until absolutely necessary.

Drone Entrepreneurs:

These entrepreneurs resist change and stick to traditional methods. Some local businesses in small towns might still operate without adopting modern technology or business practices.

Social Entrepreneurs:

Driven by a desire to solve social problems, Selco India, founded by Harish Hande, provides solar energy solutions to underserved communities in rural India.

Serial Entrepreneurs:

Continuously start new businesses. Ronnie Screwvala, who founded UTV and later UpGrad, exemplifies a serial entrepreneur in India.

 

 

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