Page 86 - Web Applications (803) Class 12
P. 86

Entrepreneurs in Industry
              An  industrial  entrepreneur  is  simply  a  manufacturer  who  recognises  client  requirements  and  develops  products  or
              services to meet those demands. Such an entrepreneur is product-oriented, beginning with an industrial unit to generate

              a product, such as an electronic industry, textile unit, machine tools, manufacturing unit, and so on.

              Agricultural Entrepreneurs
              Agriculture  has  historically  been  regarded  as  a  low-yielding  business.  Agriculturists  have  lately  adopted  new  and
              innovative technology to maximise productivity resulting in the emergence of agriculture entrepreneurship.

              Entrepreneurs in Technology

              The Industrial Revolution gave rise to technical entrepreneurs, who use their technical knowledge to develop and sell
              equipment, tools, and processes. They are continually innovating in order to make industrial processes more seamless
              and efficient. Technical entrepreneurs innovate by applying their technical knowledge and abilities.

              Non-technical Entrepreneurs
              These entrepreneurs establish a market for technical entrepreneurs by leveraging their skills in providing services. Their
              expertise is in non-technical aspects of a product or service, i.e., they are not concerned with the manufacturing process
              but rather with what happens before and after it.

              Professional Entrepreneurs
              Such an entrepreneur establishes a business, nurtures it and sees it through to self-sufficiency. When the project reaches
              that point, the entrepreneur sells the company and begins a new one, repeating the cycle.


              Entrepreneurs in Information Technology
              IT entrepreneurs are those who pursue entrepreneurship in the realm of information technology (IT). The distinction
              between IT entrepreneurs and technical entrepreneurs is that the latter operate in the fields of electronics, mechanical
              devices,  and  even  civil  engineering,  whereas  IT  entrepreneurs  are  limited  to  innovation  in  the  field  of  information
              technology.

              Women Entrepreneurs
              As the term implies, women entrepreneurs are those women who start their own businesses. A growing number of
              female entrepreneurs are taking the initiative to create their own businesses, and many of them have made it to the
              top.

              Social Entrepreneurs
              Social entrepreneurs are those who focus on generating solutions that benefit society. They create, fund, and execute
              solutions for the society, culture, and environment. The terms "social innovator" and "social entrepreneur" are used
              interchangeably.


              Entrepreneurs from a Family Business
              When a family or a person successfully operates a business and passes it down to the next generation, such entrepreneur
              is referred to as a family business entrepreneur. The individual to whom the business or the operation of an enterprise is
              passed over is not the first-generation entrepreneur. The individual continues to carry out all inherited entrepreneurial
              operations in the same manner or brings specific technology upgrades to the existing technique and approach of the
              family business.




                    84      Touchpad Web Applications-XII
   81   82   83   84   85   86   87   88   89   90   91