The document discusses different types of entrepreneurs. It defines an entrepreneur as someone who identifies opportunities, organizes resources to capitalize on those opportunities, and assumes the risk of a business venture. The document outlines several kinds of entrepreneurs, including innovative entrepreneurs who introduce new ideas, imitating entrepreneurs who copy successful innovations, Fabian entrepreneurs who prefer traditional methods with little risk-taking, and social entrepreneurs who address social problems through enterprise.

1. Entrepreneurship
Development

2. INTRODUCTION
Entrepreneur is the most important factor in the process
of economic development. He occupies the central place
in the growth process because he initiates development
in a society and carries it forward.
Even though the words entrepreneur, entrepreneurship
looks similar in meaning, both are different in their actual
meaning.

3. ENTREPRENEUR
Entrepreneur is a change agent and he/she is the first and foremost a
catalyst for change. In general, the person who runs a business is
termed as entrepreneur. The more accurate meaning of entrepreneur
is one who perceives opportunities, use the opportunities in an
own innovative way and organizes, operates and assumes the risk of a
business venture.
An entrepreneuris a person who identifies a need and organizes
manpower, material and capital required to meet that need. The
function that is specific to entrepreneur is the ability to take the factors
of production-land, labour and capital and use them to produce
newgoods or services.

4. CONCEPT OF ENTREPRENEUR
The word entrepreneur is derived from the French
word entreprendre and its literal meaning is “to
undertake”. Undertaking of enterprise is regarded as
entrepreneurship and one who undertakes it-one
who coordinates capital and labour for the
purpose of production is an entrepreneur.

5. DEFINITION OF ENTREPRENEURS
The French economist Cantillon, the first to introduce the term
entrepreneur, defined him as an agent who buys means of
production at certain prices in order to combine them into a
product that he is going to sell at prices that are uncertain at the
moment at which he commits himself to his costs.
In this definition, Cantillion emphasized the function of risk
taking and uncertainty bearing. The entrepreneur is designated as
a dealer who purchases the means of production for combining
them into marketable products

6. DEFINITION OF ENTREPRENEURS
Entrepreneurs perform a core function in economic development.
They are referred as the human agents needed to “mobilize capital, to
explore resources, to create markets and to carry on trade”. It might
well be said that the entrepreneurial input spells wealth of a nation.
Number of theories have evolved to emphasize the significant
role performed by an entrepreneurs. Joseph.A.Schumpeter, the first
major writer who highlights the role of human agent in the
process of economic development defined “entrepreneur as an
individual who carries out new combines of means of production by
which there occurs disequilibrium”.

7. ENTREPRENEURSHIP
Entrepreneurship is the process of initiating a new venture, organizing the
resources it requires and assuming the risk it entails. Though the entrepreneur
and entrepreneurship are two sides of the same coin, they are different in
their concept. The function performed by the entrepreneur is called as
entrepreneurship. Entrepreneurship is the dynamic process of creating
incremental wealth. This wealth is created by individuals who assume the
major risks in terms of equity, time and or career commitment of providing
value for some product or service. According to John Kao, entrepreneurship
is an attempt to create value through recognition of business opportunity,
the management of risk taking appropriate to the opportunity and through the
communicative and managerial skills to mobilize human, financial and
material resources necessary to make a successful project.

8. ENTREPRENEUR AND ENTREPRENEURSHIP
Even though the words entrepreneur and entrepreneurship looks similar,
both are conceptually different. Entrepreneur is a person who is a visualiser,
creator, innovator, decision maker, risk taker and leader.
Entrepreneurship is a process of action to be completed by the entrepreneur. It
refers to a process by which entrepreneur is required to complete the innovative
process by initiation new or latest technology, idea or perception.
Enterprise is the tool to achieve the objectives of entrepreneurship. Actually
enterprise is a tool to pursue the business objectives and with the help of an
enterprise.

9. GENERAL KINDS OF ENTREPRENEURS
Innovative entrepreneurs
Imitating entrepreneurs
Fabian entrepreneurs
Drone entrepreneurs
Social entrepreneur

10. INNOVATIVE ENTREPRENEUR
The innovative entrepreneurs are high motivated and talented and is able
to foresee potentially profitable opportunities. They are those who may raise
money to launch an enterprise, assemble the various factors, select top
executives and set the organizational operational. They are who always
search for change, responds to it and crab it as the opportunity.They identify the
opportunity for introducing a new technique or a new commodity or a new
market with which the consumers are not familiar or introduce creative
change in already existing products. They are quite aggressive in
experimentation and putting attractive or viable possibilities into practice.
Thus,innovative entrepreneurs are one who believe in introducing new
goods, adopt new method of production, develop new market and
restructure the organization under their command.The innovative
entrepreneur is need not be a inventor, he must have the ability to transfer the
inventors ideas into economic performance.

11. IMITATING ENTREPRENEURS
These entrepreneurs are those entrepreneurs who are unable to innovate
the changes themselves but they are capable enough to imitate the
techniques and technology innovated by innovating entrepreneurs. These
types of entrepreneurs are always ready to adopt successful innovation executed
by innovating entrepreneurs. Developing economies and underdeveloped
economies need this type of entrepreneurs. These imitating entrepreneurs
have the capacity to adjust the new technologies with respect to their
conditions.

12. FABIAN ENTREPRENEURS
Fabian entrepreneurs are neither having a will to introduce new change nor the
desire to imitate the new technology. They are always believe in tested
routes of production and not interested in taking risk. Actually they are
habitutal of following the paths directed by earlier entrepreneurs. Their
dealing are guided by the customs, religion, tradition and past practices. They
avoid in taking challenges in production system and that is why they are unable
to maximize the fruits of entrepreneurial actions

13. DRONE ENTREPRENEUR
Drone entrepreneurs always follow the traditional methods of
production. These entrepreneurs are those who are not inclined to bring
changes in their production system as demanded by the change
inconsumer preferences, technological innovation, economic and social
behavior of the prospective customers.Market always provides opportunities to
the entrepreneurs but this type of entrepreneurs generally fail to use these
opportunities in profitable way. Due to this reason they fail to earn profit
or even suffer loss.

14. SOCIAL ENTREPRENEUR
Social entrepreneurs are driven by social innovation and transformation in
different fields including education, health, poverty, environment etc. He
identifiesa problem in the society and takes that as an opportunity and finds
solution through his enterprise activity. His primary objective is not profit; it is
to solve a social problem. In other enterprises, the primary objective is the
profit, but for the social enterprise, profit is the secondary objective. The
entrepreneurs are also classified based on their business, motivation, growth,
stages in development.

15. THANK YOU