Entrepreneurship quiz

ENTREPRENEURSHIP QUIZ Contributed by: Prof. Anjan Rai Chaudhuri, Indian Institute of Management, Calcutta

WALL STREET GUESS WHEN WERE THEY ABRAHAM LINCOLN ACTIVE ? CHARLES DARWINHENRY BESSEMER FLORENCE NIGHTINGALE KARL MARX

MANGAL PANDEY SEPOY MUTINY GUESS WHEN ?

All of them were between 1850 - 1860 How is current day to day existence different from 1860 ?

NONE OF THESE EXISTED HOW DID THIS HAPPEN?

HOW DID THIS HAPPEN? HENRY WALTTHOMAS A. ESTEE HENRY FORD DISNEYEDISON LAUDER HEINZ •Wanted a better quality of life •Had a vision of the future •Experimented & Constantly Improved their offer •Sought help from others •Ignored negative views •Not deterred by setbacks

• What is Common among these people *Background? *Their approach?

BACKGROUNDMONEY? STAN SHIH RICHARD BRANSONEDUCATION? EDISON AMAR BOSE RAY KROCAGE? HENRY HEINZWORK EXPERIENCE? BILL GATES WALTON

HOW HAVE THEY BUILT SUCHGREAT BUSINESS EMPIRES?IS THERE A METHOD IN THEIR MADNESS?

THE ENTREPRENEURSHIP PROCESS(CAPTURING OPPORTUNITY WITHOUT OWNING RESOURCES) ACQUIRING SPOTTING RESOURCES OPPORTUNITY CREATING & IDENTIFYING MANAGING A RESOURCES VENTURE

WHAT ARE THE REWARDS OF BEING AN ENTREPRENEUR?

THE REWARDS OF BEING AN ENTREPRENEUR  HIGH DEGREE OF INDEPENDENCE – FREEDOM FROM CONSTRAINTS  GET TO USE A VARIETY OF SKILLS AND TALENTS  FREEDOM TO MAKE DECISIONS  ACCOUNTABLE TO ONLY YOURSELF  OPPORTUNITY TO TACKLE CHALLENGES  FEELING OF ACHIEVEMENT AND PRIDE  POTENTIAL FOR GREATER FINANCIAL REWARDS

WHAT ARE THECHALLENGES FACEDBY AN ENTREPRENEUR?

THE CHALLENGES OF BEING AN ENTREPRENEUR MUST BE COMFORTABLE WITH CHANGE AND UNCERTAINTY MUST MAKE A BEWILDERING NUMBER OF DECISIONS MAY FACE TOUGH ECONOMIC CHOICES MUST BE COMFORTABLE WITH TAKING RISKS NEED MANY DIFFERENT SKILLS AND TALENTS MUST BE COMFORTABLE WITH THE POTENTIAL OF FAILURE

VINOD NARAYANAKHOSLA MURTHY •IZZAT •MAZAA •MATLABSUNIL AJITMITTAL BALAKRISHNAN

HOW DO YOU BOIL A FROG?

*PUT IT IN ORDINARY WATER*HEAT IT SLOWLY*IT DOES NOT REACT TO THE CHANGE*ULTIMATELY GETS BOILEDEntrepreneurs are not frogsSee opportunities in change

CHANGES IntermediariesDemographic Technological EconomicSuppliers Natural Publics Company Political Social Legal Cultural Competitors

SO WHAT IS YOUR GREAT SO WHAT IS YOUR BUSINESS IDEA? GREAT BUSINESS IDEA?

Entrepreneurship quiz

by NENIndia on Aug 10, 2012

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