Question

Q1.Apart from association with ''business owner-management'' state two other endeavors where people exhibit strong enterpreneurial behaviors. Give an emperical example and indicate the type of enterpreneurship involves in each case.

Answer 1

• There are various entrepreneur, they do market study and look for a business to grow with, they look at the various competitors of that business, based on analyzing the competitive factors and gaining more knowledge about the products and services from such competitors, they can gain more Insights and build their own company in distinct way, here, such kind of entrepreneurial initiative can be regarded as Acquisitive Entrepreneurship.
• There are another kind of entrepreneur, they look for new ideas to innovate and they focuses on creating various venture in the market, they think for Materialistic gain, they follow differentiated technologies and take help from digitization to grow their business more Exponentially, for example – Apple, Microsoft, they are consistently making efforts to implementing new ideas and bring change in the society, challenge the status quo, create a differentiated business, so they always create products with updates over time, here, such entrepreneurship can be termed as Incubative entrepreneurship