Page 1 - Lesson Note 3

ENTREPRENEURSHIP

CLASS- XI

LESSON-3

CH-2: TOPIC – AN ENTREPRENEUR

SUB-TOPIC: - TYPES OF ENTREPRENEURS AND INTRAPRENEURSHIP

1. Types of Entrepreneurs:

(i) Classification of Entrepreneurs by Danhof:
(a) Innovative Entrepreneurs: They prefer to explore new technology,
new market etc.

They are generally aggressive and enthusiastic in practicing and
experimenting new and attractive possibilities.

(b) Imitative Entrepreneurs: They just imitate the technology and
practice as innovative entrepreneurs.
(c) Fabian Entrepreneurs: They depend upon past practices, customs,

traditions and religions.
(d) Drone Entrepreneurs: They never prefer to go for any change in

production, technology and market.
(ii) Classification of Entrepreneurs by Wagner:
(a) Trailblazers: A generator of new ideas and business processes. A

person who discovers something new and makes it acceptable or
popular.

(b) Go-getters: Someone who is very energetic, determined to be
successful and able to deal with new difficult situations easily. They
are also good collaborators.

(c) Managers: They are dominant, independent and are goal oriented
as well as can be quite analytical, focusing more on process and

outcomes, than on people.
(d) Motivators: These entrepreneurs do well working by, with and
through others. They work well under pressure.