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Entrepreneurship is a process of giving birth to an enterprise with example

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  • 1. ENTREPRENEURSHIP IS A PROCESS OF GIVING BIRTH TO AN ENTERPRISE Rajath K II MBA Sec B BIMS
  • 2. Who is an entrepreneur?  “An entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation.” -Joseph Schumpeter  Entrepreneur is the person responsible for setting up a business or an enterprise.  He takes the initiative, is innovative, who takes risks and looks for high achievements.  He is a change agent who puts up new projects that create wealth, open up employment opportunities and leads to the growth of the sector.
  • 3. Entrepreneurship can be defined…  “Entrepreneurship is based on purposeful and systematic innovation. It includes not only the independent businessman but also company directors and managers who actually carryout innovative functions.” - Joseph Schumpeter  In the above definition, entrepreneurship refers to the functions performed by an entrepreneur in establishing an enterprise. Just as management is regarded as what managers do, Entrepreneurship may be regarded as what Entrepreneurs do.  Thus, we can say that entrepreneurship is a process of involving various actions to be undertaken to establish an enterprise.
  • 4. Entrepreneur's Who Built Enterprise…
  • 5. Reliance Industries “For those who dare to dream, there is a whole World to Win” - Dhirubhai Ambani
  • 6. Microsoft Corporation “Success is a lousy teacher. It seduces smart people into thinking they can't lose.” - Bill Gates
  • 7. INFOSYS “Progress is often equal to the difference between mind and mindset.” Murthy N. R. Narayana
  • 8. Biocon “I really believe that entrepreneurship is about being able to face failure, manage failure and succeed after failing.” Shaw Kiran Mazumdar
  • 9. Berkshire Hathaway INC. “Someone's sitting in the shade today because someone planted a tree a long time ago.” - Warren Buffett
  • 10. Apple INC. “Innovation distinguishes between a leader and a follower.” - Steve Jobs

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