ENTREPRENEURSHIP

Detailed explanation-1: -These entrepreneurs have the ability to think newer, better and more economical ideas of business organisation and management.

Detailed explanation-2: -Innovators are the types of entrepreneurs who come up with completely new ideas and turn them into viable businesses. In most cases, these entrepreneurs change the way people think about and do things.

Detailed explanation-3: -Imitating entrepreneurs: The imitating entrepreneurs are those who immediately copy the new inventions made by the innovative entrepreneurs. These do not make any innovations by themselves; they just imitate the technology, processes, methods pioneered by others.

Detailed explanation-4: -Innovative Entrepreneurs This type of an entrepreneur is more interested in introducing some new ideas into the market, organization or in the nation. They are drawn towards innovations and invest a lot of time and wealth in doing research and development.

Detailed explanation-5: -Coasting, opportunity comes to them (or it doesn’t) Conservative (very moderate use of resources, protecting existing resources) Aggressive (proactive, all-in, actively seeks opportunity) Innovator/Revolutionary (attains growth through innovation)