Page 12 - UNIT 2.2 ENTREPRENEURSHIP SKILLS - abilities & skills in healtcare

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Types of Entrepreneurs

Depending upon the level of willingness to create innovative ideas, there can be the following types of entrepreneurs

Innovative entrepreneurs 01 02 Fabian entrepreneurs
Ability to think newer, better and more Term ‘fabian’ is ‘a person seeking victory by delay
economical ideas of business organisation rather than by a decisive battle’. Fabian
and management. entrepreneurs are those individuals who do not show
initiative in visualising and implementing new ideas
They are the business leaders and and innovations wait for some development which
contributors to the economic development would motivate them to initiate unless there is an
of a country. imminent threat to their very existence.

Imitating entrepreneurs 03 04 Drone entrepreneurs
These entrepreneurs are people who follow The dictionary meaning of the term ‘drone’
the path shown by innovative is ‘a person who lives on the labor of
entrepreneurs. others’.

They imitate innovative entrepreneurs Drone entrepreneurs are those individuals
because the environment in which they who are satisfied with the existing mode
operate is such that it does not permit them and speed of business activity and show no
to have creative and innovative ideas on inclination in gaining market leadership. In

their own. other words, drone entrepreneurs are die-

Found in countries and situations marked hard conservatives and even ready to suffer
with weak industrial and institutional base the loss of business.
which creates difficulties in initiating
innovative ideas.