Types of Entrepreneurs

Topics: Entrepreneurship, Entrepreneur, Joseph Schumpeter Pages: 2 (564 words) Published: March 4, 2011
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". Strategic Entrepreneurs: they show simultaneous opportunity seeking and advantage seeking behaviours and results in superior firm performance. They are engaged in exploring new ideas, opportunities and other entrepreneurial dexterity which are so unique in order to gain a grater competitive advantage or large market share over their competitors. Examples are: Mr. Osei Kwame Despite and Professor Frimpong Boateng Academic entrepreneurs: They engage in activities such as teaching or lecturing, conducting research at colleges or universities in order to discover new theories in addition to the existing areas. Examples include Mr. Tenu Awoonor, CEO of Student Card Ghana Ltd and professor Allotey. Political entrepreneur: A political entrepreneur refers to someone who founds a new political project, group, political party, or a businessman who seeks to gain profit through subsidies, protectionism, government contracts, or other such favourable arrangements with government(s) through political influence. Examples include Professor John Evans Atta-Mills and John Agyekum Kufour Theological Entrepreneurs: They are concerned with the study of God and religion. They actively engage in religious activities such as preaching in view of propagating the teachings and doctrines of their religions. Examples include Dr. Mensah Otabil, General Overseer of the International Central Gospel Church and Dr.Dag Heward Mills, Founder of Lighthouse Chapel International. Innovative Entrepreneurs: An innovative entrepreneur is one who launches new products, discovers new markets, establishes new methods of production and restructures the enterprise. Examples include Apostle Kwadwo Sarfo Kantanka and Mr. Kennedy Ofori Atta,CEO of DATA Bank. Supernormal...
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