What are the types of Entrepreneur on the bases of stages of development?
Classification onto the Stages of Development:
a. First Generation Entrepreneur: A first-generation entrepreneur is one who begins an industrial unit through an innovative skill. He is fundamentally an innovator combining various technologies to create a marketable product or service.
b. Modern Entrepreneur: One who undertakes business to satisfy the contemporary demands of the market is the Modern Entrepreneur. They undertake such ventures that suit the current socio-cultural trends.
c. Classical Entrepreneur: A typical entrepreneur a stereo-type entrepreneur is one whose intend is to maximize the economic returns at a level consistent along with the survival of the firm, along with or without element of development.