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What are the types of Entrepreneur on the bases of stages of development?

Classification onto the Stages of Development:

a. First Generation Entrepreneur: A first-generation entrepreneur is one who begins an industrial unit through an innovative skill. He is fundamentally an innovator combining various technologies to create a marketable product or service.

b. Modern Entrepreneur: One who undertakes business to satisfy the contemporary demands of the market is the Modern Entrepreneur. They undertake such ventures that suit the current socio-cultural trends.

c. Classical Entrepreneur: A typical entrepreneur a stereo-type entrepreneur is one whose intend is to maximize the economic returns at a level consistent along with the survival of the firm, along with or without element of development.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9579481

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