Entrepreneurs are not innovators

This presentation explains the differences between entrepreneurs and innovators. While entrepreneurs create new business plans, innovators bring new things to the market. However, entrepreneurs can also refine or modify existing strategies. The presentation uses the example of Flipkart, which succeeded by modifying Amazon's strategies. References are included.

Entrepreneur
s are not
innovators

Introduction
Entrepreneur is on who create a new
business plan either by discovery
something new or redefining the
existing strategies in the purpose of
achieving profit and growth in the
market place (Eisenach, 2018).
They work on capitalizing the
resources by taking risks.

Entrepreneurs and innovators
are different
Both the terms are different from
each other. Innovators have the
motive to bring new things n the
market (Visser, 2018). On the other
hand, entrepreneurs work on
refining or modifying the existing
strategies.

Continuing
In many cases, entrepreneurs start
their business by their own innovation
but it is not necessary that
entrepreneurs are the innovators
always (Hmieleski and Sheppard,
2018). There objective is to bring up
new opportunity in the market so that
it can uplift the overall growth.

Continuing
Considering the case of Flip kart, they
didn’t innovated they own idea but
worked on the strategy that was
developed by Amazon (Puccio, Cabra and
Schwagler, 2017). They worked on
understanding the market demand and
then modifying the innovated technology
that is used by innovation (Chavez,
Stinnett, Tierney and Walsh, 2017). Flip
kart used amazon strategies and then
succeed in many different geographical
market.

Refrences
 Visser, A. (2018). Who are the entrepreneurs
in your business?. finweek, 2018(29 March),
pp.44-45.
 Hmieleski, K.M. and Sheppard, L.D. (2018).
The Yin and Yang of entrepreneurship: Gender
differences in the importance of communal
and agentic characteristics for entrepreneurs'
subjective well-being and
performance. Journal of Business Venturing.

Eisenach, J.C. (2018). The Role of Medical Societies and Their
Foundations in Supporting Entrepreneurs: A View From
Anesthesiology. In Medical Innovation (pp. 231-233).
Chavez, V.A., Stinnett, R., Tierney, R. and Walsh, S. (2017). The
importance of the technologically able social innovators and
entrepreneurs: A US National Laboratory
Perspective. Technological forecasting and social change, 121,
pp.205-215.
Puccio, G.J., Cabra, J.F. and Schwagler, N.
(2017). Organizational Creativity: A Practical Guide for
Innovators & Entrepreneurs. SAGE Publications.

Thank You