Managerial process skillls 2Presentation Transcript
Regular attendance No one allowed to enter late Regular submission of assignments For group assignment, peer feedback form to be filled and submitted. Defaulter in attendance will not get 10 marks of attendance.
Dynamics of entrepreneurship: Commitment & determination: Leadership Dynamics of entrepreneurship: Opportunity obsession: Tolerance of risk Dynamics of entrepreneurship :Ambiguity & uncertainty; Creativity , self-reliance and ability to adapt
Dynamics of entrepreneurship-Support from significant others ;motivation to excel Intrapreneurship and Entrepreneurship Entrepreneurship project Method for generating ideas Creative problem solving techniques Lateral thinking Analytical skills
1. Internal Marks:40 marks Group assingment-20marks Individual assingment-10 marks Attendance-10marks Date of submission:31 march20111. End term exam:60 marks
An economist defines an entrepreneur as one who brings resources, labour ,material and other assets into combinations that make value greater than before and also one who introduces changes , innovations and new order. A psychologist defines an entrepreneur as a person who is typically driven by some forces , which creates a desire to obtain or attain something.
A sociologist defines entrepreneur as a person whose actions would determines his social status and who contributes to the development of the society. Management experts define entrepreneur as a person who has vision and generates an action plan to achieve it.“ Entrepreneur is an individual who takes risks and starts something new.”
1755 Cantillon “A person bearing risk”1800 say “Agent combining all factors of production”1921 Knight “Recipient of pure profit”1930 Weber Innovator1934 Joseph “Ability to identify new opportunities” Schumpeter1973 Kirzen “Contributes to movement towards equilibrium”1982 Mark Casson “Judgment decision maker in co-ordinating scarce resources”1987 Stevenson “The relentless pursuit of opportunity” &Sahlman1920 Gartner “Action taken to create organization”1991 Bygrave “Characteristics of the entrepreneurial &Hofer process”
According to schumpeter innovation is not same as invention , it can be any of the following: The introduction of a new product Adoption of new technology Opening up of a new market Finding of new source of supply Bringing about new organization of an industry.
According to Frederick Harbison “ an organization which comprises all the people required to perform the entrepreneurial function” like: Managing risk and handling of economic uncertainty Planning and innovation Coordination ,administration and control Routine supervision
Peter Drucker defines an entrepreneur as “one who always search for change ,responds to it ,and exploits it as an opportunity”. Max Weber defined entrepreneur innovation as an outcome of thoroughgoing rationalizing of every aspect of his enterprise. According to David McClelland ,entrepreneur are high on need for achievement(nAch). Le Vines shifts the emphasis from prevalent values to the social structure for need for achievement.
Thomas Cochran considers entrepreneurship to represent a model personality which is a consequence of prevalent cultural values , role expectation and social sanctions. John Kunkel consider both behavioral and structural approach to entrepreneurship.
Vision Knowledge Desire to succeed Independence Optimism Value addition Leadership Hardworking Risk taking ability
Commitment and determination Desire of responsibility Opportunity obsession Tolerance for risk ,Ambiguity and uncertainty Self- confidence Creativity and flexibility
Desire for immediate feedback High level of energy Motivation to excel Orientation to the Future Willingness to learn from Failure Leadership ability
Technical skillsWritingOral communicationInterpersonalTechnologyAbility to organizeNetworkingCoachingGuiding
Business management skills:Planning and organizingDecision makingControllingNegotiatingHuman relationsFinancingMarketing
Personal skills:DisciplineRisk takingInnovatingChange orientedPersistentVisionary leader