1.4.4 Entrepreneurship Based on Ownership
(a) Corporate Entrepreneurship
Introduced by Burgelman.
Business is owned by a corporate organization.
An individual uses innovation and managerial skills.
Organizes, manages, and controls a large corporate enterprise.
Focuses on efficiency, growth, and innovation.
Common in big companies and corporations.
(b) Private Entrepreneurship
Business is owned by one individual.
The owner is the sole decision-maker.
Bears all profits and losses.
Takes entire business risk.
Easy to start and manage.
Common in small and medium businesses.
(c) State Entrepreneurship
Business is owned by the Government or State.
Government undertakes trading or industrial activities.
Aims at public welfare and economic development.
Focuses on service rather than profit.
Examples include public sector undertakings (PSUs).
(d) Joint Entrepreneurship
Business is jointly owned by the Government and private individuals.
Combines private efficiency and government support.
Risks and profits are shared.
Encourages public–private partnership (PPP).
Helps in large-scale development projects.
1.4.5 Entrepreneurship Based on Size of Enterprise
1. Micro Enterprises
Business with turnover up to ₹5 crore.
Requires low investment.
Mostly small, local businesses.
Generates self-employment.
2. Small-Scale Entrepreneurship
Turnover more than ₹5 crore and up to ₹75 crore.
Requires moderate investment.
Employs limited workforce.
Contributes to economic growth and employment.
3. Medium-Scale Entrepreneurship
Turnover above ₹75 crore and up to ₹250 crore.
Uses advanced technology and skilled labor.
Has better market reach.
Acts as a link between small and large enterprises.
4. Large-Scale Entrepreneurship
Turnover above ₹250 crore.
Requires huge capital investment.
Operates on a national or international level.
Uses advanced technology and management systems.
Plays a major role in industrial and economic development.