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ENTREPRENEURSHIP
CLASS- XI
Lesson Note -3
CH-2: TOPIC – AN ENTREPRENEUR
SUB-TOPIC: - TYPES OF ENTREPRENEURS AND INTRAPRENEURSHIP
1. Types of Entrepreneurs:
(i) Classification of Entrepreneurs by Danhof:
1. Innovative Entrepreneur:
In the early phases of economic development, entrepreneurs have
initiative to start new ventures and find innovative ways to start an
enterprise.
Thus, innovative entrepreneurs are those who introduces new
products, new methods of production techniques, or discovers a new
market or a new service or reorganizes the enterprise.
It is the innovative entrepreneurs who built the modern capitalism.
They are commonly found in developed countries. They are aggressive
in nature who exhibit cleverness in putting attractive possibilities into
practice.
2. Imitative Entrepreneur:
There is a second group, generally referred as imitative
entrepreneurs. They usually copy or adopt suitable innovations
made by innovative entrepreneurs. They are adaptive and more
flexible. They are organizers of factors of production rather than
creators. The imitative entrepreneurs are also revolutionary and
