Entrepreneurship

By
Beenish Qureshi
Visiting Faculty
 Topic:
Types of Entrepreneurship
Majority of the people think that entrepreneurship has just one meaning that is
The process of launching, developing and running a business venture along with its financial
risks is called entrepreneurship.
In simple terms, it is the willingness to launch a new business venture. It is very important for
the economic development of the expanding global marketplace. A person who undertakes
entrepreneurship is called an entrepreneur.

There are different types of entrepreneurship as described below:

• Small Business Entrepreneurship
• Scalable Startup Entrepreneurship
• Large Company Entrepreneurship
• Social Entrepreneurship
 Small Business Entrepreneurship

• Small Business Entrepreneurship are mostly barely profitable, but they make profits only to
make a living and support their families. Such businesses lack the scale to attract venture
capital and they are funded via friends/family or small business loans.
• Examples of small business entrepreneurship include hairdressers, grocery stores,
electricians, carpenters, plumbers, consultants, etc.
 Scalable Startup Entrepreneurship

• Scalable startup entrepreneurship can be defined as a business model where an

organization is started on the basis of a unique idea. It involved everything that
ranges from creating a plan to all the way up launching the business. This form
of Entrepreneurship involved a great sort of work, education, and experience.

• Entrepreneurs start their company believing that their vision can change the
world. Their funding comes from the venture capitalist (Investors) and they hire
the best employees.
• It is started with large investments and also have high risk
• Examples of scalable startup entrepreneurship include Facebook, Instagram,
Online shopping for electronics, etc.
 Large Company Entrepreneurship
• Large Company Entrepreneurship can be defined as organizations that have a solid set of
life cycles. There is a solid involvement of sustaining innovation providing new sort of
products. It includes customization in customer tastes as well as dealing with new
competitors. In simple language, it means the creation of new business within the present
organization.
• Large companies through sustaining innovation offering new products that are variant
around the core products
• New products are developed in order to meet with changing customer needs and advanced
technology
• This can be done by partnering with or buying innovative companies
• Examples of large company entrepreneurship include Google, Microsoft, Samsung, etc.
 Social Entrepreneurship
• Social entrepreneurship can be defined as a way of doing business for identifying social
issues in society. The main motive behind this concept is doing research for defining a
certain social problem. This type of entrepreneurship assists in making a social change by
applying a particular set of processes, operations, and principles.
• In addition to that, it is also ideal for creating research so that a certain social problem get
identified followed by using the right approach for solving it. Social ventures are organized,
developed, and managed by social entrepreneurs.
• It is the type where entrepreneur create product and services to solve social needs and
problems.
• Their only goal is to make the world a better place or not to make profits
• Edhi is a very good example here to discuss
Other Types of Entrepreneurship on the basis
of the specialty
On the basis of Specialty of the field there are other types of Entrepreneurship defined so we
will discussed few in detail.

• Intrapreneurship
• Technopreneurship
• International Entrepreneurship
• Ecopreneurship
• Agripreneurship
 Intrapreneurship
• “A person within a large corporation who takes direct responsibility for turning an idea into
a profitable finished product through assertive risk-taking and innovation”.
Intrapreneurship is also known as Corporate Entrepreneurship, where formal structures for
promoting intrapreneurship lead to greater possibility of profitability and growth.
• It is the practice of entrepreneurship by an employee in an established organization to
convert a lucrative idea in to a business opportunity. Intrapreneurs can be either the
employees or even leaders in an organization riding high on self-motivation, creativity, and
innovation while assuming risk without being asked to do so.
• Those who take hands on responsibility for creating innovation of any kind without being
asked to do so
 Technopreneurship

• It is the application of entrepreneurship in a technology intensive context to develop new

products, processes and or services for self, organization or society. When an entrepreneur
combines his talent with a high cutting edge technology to come out with novelty, he is
said to be technopreneur and this type of Entrepreneurship is Technopreneurship.
 International Entrepreneurship

• International entrepreneurship is the discovery, enactment evaluation and exploitation of

opportunities— across national borders—to create future goods and services.
• International entrepreneurship includes various outlets through which a small yet
competitive firm can enter the foreign shores, including exports, licensing, international
franchising , international cooperative alliances, counter trading and bartering as firm
adapt themselves to not only survive but also grow in the backdrop of cut throat
competition. For example companies like Adidas, PepsiCo. KFC, Starbucks etc. have
international operations all over the world.
 Ecopreneurship

• Ecopreneurs are entrepreneurs whose business efforts are not only driven by profit, but
also by a concern for the environment. Ecopreneurship, also known as environmental
entrepreneurship
 Agripreneurship

• Agriculture sector plays a formidable role in the sustainable growth and development of
economy. Developing entrepreneurship in agricultural sector is known as agripreneurship.
Agripreneurship or agribusiness includes all operations involved in the manufacture and
distribution of farm supplies.
•Thankyou