Wednesday, 13 July 2016
Types of Entreprenuer: Which one are you?
Based on the interaction with the business environment, various types of entrepreneurs can emerge. To this effect, four types of entrepreneurs that has been Identified are; Innovative, Imitating, Fabian and Drone.
Innovative:
This type of entrepreneur is preoccupied with introducing something new into the market, organization or nation. They are interested in innovations and invest substantially in research and development.
Imitating:
These are also referred to as ‘copy cats’. They observe an existing system and replicate it in a better manner. They could improve on an existing product, production process, technology and through their vision create something similar but better. This is the case of the student becoming better than the master
Fabian:
These are entrepreneurs that are very careful and cautious in adopting any changes. Apart from this, they are lazy and shy away from innovations
Drone:
These are entrepreneurs that are resistant to change. They are considered as ‘old school’. They prefer to stick to their traditional or orthodox methods of production and systems.
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