Page 22 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Hitesh Jhanji, Lovely Professional University
Unit 2: Classifications and Models of Entrepreneurship

Unit 2: Classifications and Models of Entrepreneurship Notes

CONTENTS
Objectives

Introduction
2.1 Types of Entrepreneurship
2.1.1 Classification on the Basis of Ownership

2.1.2 Classification on the Basis of Personality Traits and their Style of Running
Business

2.1.3 Classification based on the Type of Business
2.1.4 Classification based on the Stages of Development
2.1.5 Other Classifications
2.2 Entrepreneurial Models

2.2.1 The Opportunist Model
2.2.2 The Enabler Model
2.2.3 The Advocate Model

2.2.4 The Producer Model
2.3 Problems Faced by Entrepreneurs in India
2.3.1 Challenge of Globalization

2.3.2 Liberalization in India, 1991
2.3.3 Adapting a Modern Technology
2.3.4 Changing Workforce in India

2.3.5 Marketing is a Big Challenge
2.3.6 Managing the Finance of Business
2.3.7 Challenges in the Field of Production
2.3.8 Balancing Economic and Social Objectives

2.4 Summary
2.5 Keywords
2.6 Review Questions

2.7 Further Readings

Objectives

After studying this unit, you will be able to:
Classify the entrepreneurship on several basis of ownership

Discuss the emerging models of entrepreneurship
Explain the problems faced by entrepreneurs in India

LOVELY PROFESSIONAL UNIVERSITY 17