Podcast Beta
Questions and Answers
Which type of entrepreneur brings in fundamentally new products or services and creates new business segments around them?
What is an example of a fundamentally new product or service that created a new industry?
Which company pioneered electronic commerce?
Which type of entrepreneur is driven by the need to start a business due to lack of other options?
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What type of entrepreneur brings in products or services that are already successful in other markets?
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Study Notes
Types of Entrepreneurs
- Innovative Entrepreneurs: Introduce fundamentally new products or services, creating entirely new business segments.
- Example: The smartphone, which revolutionized communication and led to the establishment of various new markets, such as app development and digital services.
Pioneers in E-commerce
- Amazon: Recognized as the company that pioneered electronic commerce, transforming online shopping and retail logistics.
Necessity-driven Entrepreneurs
- Necessity Entrepreneurs: Begin their businesses out of necessity, often due to a lack of employment options or economic circumstances. Their ventures are typically driven by the need for income.
Imitative Entrepreneurs
- Imitative Entrepreneurs: Focus on bringing products or services that have proven successful in other markets to new geographical areas or demographics, adapting them to local tastes.
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Description
Discover Your Entrepreneurial Style: Are You an Innovative, Replicative, Opportunity, or Necessity Entrepreneur?
