Types of Entrepreneurs Flashcards

Questions and Answers

Which of the following is NOT a type of business entrepreneur?

Industrial entrepreneurs

Business entrepreneurs

Corporate entrepreneurs

Tourist entrepreneurs (correct)

What are business entrepreneurs responsible for?

Conceiving an idea for a new product or service and creating a business to materialize that idea.

Trading entrepreneurs are not concerned with __________ work.

manufacturing

What do industrial entrepreneurs do?

They identify the potential needs of customers and tailor a product or service to meet marketing needs. Signup and view all the answers

What is the role of corporate entrepreneurs?

They develop new ideas and opportunities within large or established businesses. Signup and view all the answers

Agricultural entrepreneurs undertake activities related to __________.

agriculture Signup and view all the answers

Which type of entrepreneur focuses on technology?

Technical entrepreneurs Signup and view all the answers

What distinguishes motivated entrepreneurs?

They are driven by the desire for self-fulfillment. Signup and view all the answers

What defines super-growth entrepreneurs?

They have shown enormous growth in performance in their ventures. Signup and view all the answers

First generation entrepreneurs are primarily known for __________.

innovation Signup and view all the answers

What do visionary entrepreneurs focus on?

The unwavering pursuit of a single, powerful opportunity. Signup and view all the answers

What characterizes drone entrepreneurs?

They do not like change and prefer traditional methods. Signup and view all the answers

What describes portfolio entrepreneurs?

They start and run multiple businesses at the same time. Signup and view all the answers

Study Notes

Types of Entrepreneurs by Business Classification

Business entrepreneurs create new products or services and establish businesses to bring their ideas to life.
Trading entrepreneurs engage in trading activities without focusing on the manufacturing process.
Industrial entrepreneurs manufacture goods by identifying customer needs and tailoring products accordingly.
Corporate entrepreneurs innovate within large, established businesses to capitalize on new ideas and opportunities.
Agricultural entrepreneurs engage in activities related to farming, including the cultivation and marketing of crops and agricultural inputs.

Types of Entrepreneurs by Technology Use

Technical entrepreneurs improve product quality through skillful craftsmanship and technical expertise.
Non-Technical entrepreneurs focus on marketing and distribution strategies instead of the technical features of their products.
Professional entrepreneurs seek to establish businesses but are uninterested in managing them post-establishment.

Types of Entrepreneurs by Motivation

Pure entrepreneurs are driven by psychological and economic rewards, seeking personal satisfaction and status through their ventures.
Induced entrepreneurs are motivated by government policies that provide incentives and assistance for starting a business.
Motivated entrepreneurs pursue self-fulfillment and personal goals as their primary driving force.
Spontaneous entrepreneurs act on their initiative and confidence, often engaging in entrepreneurial activities without external prompts.

Types of Entrepreneurs by Growth Potential

Growth entrepreneurs select high-growth industries with significant potential for expansion.
Super-Growth entrepreneurs demonstrate exceptional performance, evaluated by liquidity, profitability, and gearing metrics.

Types of Entrepreneurs by Development Stage

First Generation entrepreneurs are innovative thinkers, combining technologies to create marketable products or services.
Modern entrepreneurs adapt their ventures to align with evolving market demands.
Classical entrepreneurs focus on customer needs and marketing, establishing sustainable business models.

Types of Entrepreneurs by Creativity and Innovation

Innovative entrepreneurs explore diverse information to develop new market possibilities, techniques, or products.
Imitative entrepreneurs adopt existing technologies and methods innovated by others.
Opportunistic entrepreneurs capitalize on various opportunities, drawing from extensive skills and experiences.
Visionary entrepreneurs are dedicated to pursuing a singular, impactful opportunity.
Drone entrepreneurs resist change and adhere to traditional business methods.
Fabien entrepreneurs are slow to adapt to market changes, often impacted negatively by their reluctance to innovate.

Types of Entrepreneurs by Activity Level

Novice entrepreneurs lack prior business ownership experience and may include various backgrounds.
Serial entrepreneurs are highly creative, frequently launching new ventures despite experiencing failures.
Portfolio entrepreneurs manage multiple businesses simultaneously, using this strategy to mitigate risks and explore various interests.

Description

This quiz explores the various classifications of entrepreneurs based on their types of business. Participants will learn about business entrepreneurs, trading entrepreneurs, industrial entrepreneurs, corporate entrepreneurs, and agricultural entrepreneurs through flashcard definitions. Test your knowledge on entrepreneurship and its diverse categories!