What is the difference between innovative entrepreneurship and traditional entrepreneurship in the era of new media what kind of opportunities we should grasp the characteristics of the

Types of entrepreneurship: what are the forms of new startups?

When it comes to entrepreneurship, there are usually completely different forms, and each type of entrepreneurship has different goals and needs.

Firstly, there are SME start-ups, which are usually self-employed and serve the local market. Examples include service companies, or retailers who represent products with a special focus on the local market.

The other category is innovative business start-ups. This type of entrepreneurship is high risk and more ambitious. Innovative business ventures tend to focus on larger markets, even if they want to sell their products globally, or at least cater to local markets.

Innovative business startups tend to form teams that capitalize on the strengths of technology, processes, and business models that other companies don't have to make the startup happen. For entrepreneurs, controlling the company is secondary to how to create huge wealth, which is the goal they are really interested in. As a result, founders often sell their shares of the company in exchange for enough business development funds to realize more ambitious business development.

While small and medium-sized enterprises (SMEs) are content to remain small and complacent, innovative companies are really concerned with either growing or being eaten by the "big fish". In order to achieve their ambitious goals, innovative companies must grow fast and expand to meet the demands of the international market.

In time, innovative business ventures will often have a more profound impact, as in the case of well-known public companies such as Google, Apple and Hewlett-Packard.

We focus on targeting innovative companies.

With the increasing commercialization of technology, we are seeing more and more entrepreneurs innovating with business models that leverage advanced technology.

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Business models: business model innovation in challenging markets

To understand what business model innovation is, you first need to understand what a business model is.

Business model refers to the basic logic of enterprise value creation, i.e., how an enterprise provides products and services to customers in a certain value chain or value network, and obtains profits, and in common parlance, the business model is how an enterprise makes money.

Business model innovation, on the other hand, refers to changes in the basic logic of value creation, i.e., the introduction of new business models into the production system of society, and create value for customers and themselves, in general terms, business model innovation refers to the enterprise to make money in a new and effective way.

Today, the emergence of the Internet has changed the basic business competitive environment and economic rules, marking the advent of the "digital economy" era. The Internet has made possible a vast array of new business practices, and a new breed of businesses has emerged based on it.

Some innovative companies, such as Yahoo, Amazon, and eBay, as well as Alibaba, Jingdong, and Baidu in China, have made huge strides in just a few years since they began developing and have successfully gone public.

The way they make money is significantly different from that of traditional enterprises, and thus, innovative business models have been widely noticed. These new enterprises based on the emergence of the Internet, the traditional industry has caused a huge impact and influence. For example, Amazon, developed into the world's largest book retailer in just a few years, bringing severe challenges to traditional bookstores, and the new business model shows strong vitality and competitiveness. Another example is Alibaba's e-commerce model, which has subverted the traditional retail industry, and even the profit model of the e-commerce industry, and this new business model has shown great power.

The rise of business model innovation has attracted unprecedented attention in the global business community.