ii) 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. Innovative entrepreneur is creative, while imitative entrepreneur is adoptive.
Such entrepreneurs are found in countries and situations marked with weak industrial and institutional base, which creates difficulties in initiating innovative ideas.
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 introduced by innovative entrepreneurs.
Development of small shopping complexes is the work of imitating entrepreneurs. All the small car manufacturers now are the imitating entrepreneurs.
Example: Walton B.D. has introduced its motorbikes, refrigerators, televisions and other electronic appliances in Bangladesh not being the original inventor of those products.
iii) 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 visualizing 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. Fabian entrepreneurs are cautious and skeptical in experimenting change in their enterprises. Such entrepreneurs are shy, lazy and lethargic.
Example: Kodak, a company that happened to be the market leaders in producing analog cameras but they did not realize the change and the introduction of the Digicam. For what they lost their leadership, having lost the leadership they have diversified the business in producing the Digicams instead of producing Analog cameras.
iv) 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.
Example: Citycell Telecom Bangladesh, in spite of having knowledge about there market fall they have not yet changed there business policy.
(6) According to Capital Ownership
(i) Private entrepreneur
When an individual or a group of individuals set up an enterprise, arrange finance, bear the risk and adopt the latest techniques in the business with the intention to earn profits, he or the group is called us private entrepreneur/entrepreneurs.
(ii)State entrepreneur
As the name indicates, state entrepreneur means the trading or industrial venture undertaken by the state or the government itself.
(iii)Joint entrepreneur
Joint entrepreneur means the combination of private entrepreneur and state entrepreneur who join hands.
(7) According to Gender and Age
(i) Man entrepreneur
(ii) Woman entrepreneur
(iii) Young entrepreneur
(iv) Old entrepreneur
(v) Middle-aged entrepreneur
(8) According to Area
(i) Urban entrepreneur
(ii) Rural entrepreneur
(9) According to Scale :
(i) Large scale industry entrepreneur
(ii) Medium scale industry entrepreneur
(i) Small scale industry entrepreneur
(ii) Tiny industry entrepreneur.
For more notes on Entrepreneurship Development click on the link below:
