MODULE3_Entrepreneurship-om

Pull Influence

Attraction towards business ownership by positive motives such as independence, market opportunity, financial incentives, and community service.

Push Influence

Factors driving individuals to start a business, such as unemployment, disagreement with a previous employer, or desire for a challenge.

Business Entrepreneur

An individual who conceives an idea for a new product or service and creates a business to bring that idea to reality.

Trading Entrepreneur

An entrepreneur focused on trading activities rather than manufacturing a product.

Industrial Entrepreneur

A manufacturer who identifies the needs of customers and modifies products or services to meet these needs.

Corporate Entrepreneur

A person who demonstrates innovative skills in organizing and managing corporate ventures.

Agricultural Entrepreneur

An entrepreneur involved in agricultural activities such as raising and marketing crops and fertilizers.

Technical Entrepreneur

An entrepreneur comparable to a craftsman who focuses more on production quality than on marketing.

Non-technical Entrepreneur

Entrepreneurs who are not concerned with technical product aspects and focus on marketing and distribution strategies.

Professional Entrepreneur

An individual interested in establishing a business but not in its management or operation after establishment.

Pure Entrepreneur

An individual motivated by psychological and economic rewards, seeking personal satisfaction and status through entrepreneurial activity.

Induced Entrepreneur

An entrepreneur who begins an entrepreneurial task due to government policy measures providing assistance and incentives.

Motivated Entrepreneur

New entrepreneurs driven by the desire for self-fulfillment through creating and marketing new products.

Spontaneous Entrepreneur

Individuals with boldness and confidence who initiate entrepreneurial activities based on their inherent abilities.

Growth Entrepreneur

Entrepreneurs who engage in high-growth industries with substantial prospects.

Super-Growth Entrepreneur

Entrepreneurs who demonstrate extraordinary growth performance in their ventures.

First-Generation Entrepreneur

An innovator who starts an industrial unit by combining various technologies to produce marketable products.

Modern Entrepreneur

Entrepreneurs who align their ventures with changing market demands.

Classical Entrepreneur

An entrepreneur focused on customer needs and marketing while aiming for economic returns and survival.

Innovating Entrepreneurs

Entrepreneurs characterized by aggressive information assemblage and novel combinations of factors.

Adaptive or Imitative Entrepreneurs

Entrepreneurs who readily adopt and imitate successful innovations from others.

Fabian Entrepreneurs

Cautious entrepreneurs who resist changes and innovations within their enterprises.

Drone Entrepreneur

Entrepreneurs who refuse to adopt new opportunities, leading to reduced returns.

General Management Skills

Skills required to organize the resources needed to run a business, including strategy, planning, marketing, financial, project management, and time management skills.

People Management Skills

Skills necessary for leadership, motivation, delegation, communication, and negotiation in managing teams.

Benefits of Entrepreneurship

Advantages gained from owning a business, including control over one's destiny, potential for profits, societal contributions, and personal fulfillment.

Limitations of Entrepreneurship

Challenges faced by entrepreneurs, including income uncertainty, risks, long hours, stress, and complete responsibility.

Creativity

The ability to develop new ideas and discover new ways of viewing problems and opportunities.

Innovation

The application of creative solutions to problems and opportunities to enhance lives and enrich society.

Types of Innovation

Invention, extension, duplication, and synthesis representing various approaches to creating or modifying products, services, or processes.