ANDREA NICOLE PENAFIEL

What are the forms of entrepreneurship in terms of:

1. Purpose/Undertaking, at least two (2) and briefly describe differences

Traditional entrepreneurship focuses solely on generating profit and

standardization. Instead of bringing a solution or an innovative idea to solve issues
around us, traditional entrepreneurship operates based on the generation of profit
without actually taking into consideration the sustainability of their actions. On the other
hand, social entrepreneurship is an approach by individuals, groups, start-up companies
or entrepreneurs, in which they develop, fund, and implement solutions to social,
cultural, or environmental issues. Moreover, social entrepreneurship is a business model
that aims to tackle social, cultural, or environmental issues on different scales while still
making a profit.

2. Line of business/Product, at least two (2) and briefly describe differences

Agripreneurship refers to entrepreneurship in agriculture. They are often
innovators, while usually being innovative and creative, farmers often lack experiences,
access to services, people, or markets, and skills to have realistic chances to succeed
as entrepreneurs. In addition, agripreneurs are influenced by external, systemic factors,
such as economic and social barriers, policies, and regulations. On the other hand,
ecopreneurship is a driving force behind successful companies selling products and
services across industries. Ecopreneurship is a rising trend in business and an important
response to our global environmental challenges.