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Entrepreneurship
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  • 1. ENTREPRENEURSHIP
  • 2. He is an innovator; Carries new combinations in everchanging environment. It processes economical, social and technological development.  A manager is one who manages all the resources to match with the organizational needs. The entrepreneurship is very a old concept according to which any one who runs business is called an entrepreneur.
  • 3. Model of Enterpreneur. Business Indivadual Enterpreneur Initiates Organises Manages controls Risk taking Innovator Pools up resources
  • 4. Countries economical development. Possesses Skilles, knowledge, spirit of innovations. Dynamic activity production,Business, :Brings new change in Ideas,resources,new market. Entrepreneur is one who understands the market dynamics and searches for change respond to it and exploit it as an opportunity
  • 5. The word „entrepreneur‟ is derived from the French verb „enterprendre‟. It means “to undertake”. Around 1700 A.D. the term was used for architects and contractor of public works Oxford Dictionary :“A person who sets up a business or businesses, taking on financial risks in the hope of profit. International Encyclopedia :“An individual who bears the risk of operating a business in the face of uncertainty about the future conditions.
  • 6. The history of entrepreneurship is important worldwide, even in India. Times the India :-trade and business Indians were experts in smelting of metals such as brass and tin. Kanishka Empire in the 1st century started nurturing Indian entrepreneurs and traders. Roman Empire  Portuguese  and then English . From the 1950s until the 1980s, India followed socialist-inspired policies. The economy was shackled by extensive regulation, protectionism, and public ownership, leading to corruption and slow growth.
  • 7. The history of entrepreneurship is important worldwide, even in India. Based on a simple division of labor. The farmers cultivated the soil and tended cattle Classes of people weavers, goldsmiths, carpenters, potters, surgeons, etc. called
  • 8.  Entrepreneur is highly Goal Oriented Enthusiastic Energetic
  • 9. Ideas Market strategies Scan and select Govt. rules  Selection on product and Loc.(plant) Budget and Capital Selection on work force Type of business organization
  • 10. NEW BUSINESS VENTURING INNOVATIONS PROACTIVENESSES SELFRENEWAL
  • 11. POINTS INTRAPRENEUR ENTREPRENEUR MANAGER Goal Management Independent ,new innovations Independent :Starts new businesses Supervises Status Not Concerned Not Concerned Concerned Risk Moderate Risk and Uncertain No Risk Rewards Fixed ; may be extra Depending Fixed innovation innovative Very innovative Manages Ideas Decision Making Moderate Very much Involved Manages top level decisions
  • 12. 1 • IDENTIFIATION of opportunity 2 • EVALUATION of opportunity 3 • PREPARATION OF THE BUSINESS plan 4 • DETMINATION and Organizing resources 5 • Management of the ENTREPRISE
  • 13. 1 • Changing the structure of business or society 2 • These changes increases growth & high O/P 3 • Innovation (new product, services, investment) 4 • Demand 6 • Awareness of product evolution process. 7 • Effects Economy (creating new products, JOBS) 8 • Creating Employment to people. . . Supply
  • 14. 1 • Lack of capital……….investment……… 2 • Lack of technical knowledge…………….skills 3 • Economical BUSINESS CYCLES 4 • Non availability of RAW MATERIALS ….RESOURCES 5 • Government regulations 6 • Obsolescence of technology or IDEA 7 • Unstable/Unpredictable Market 8 • Globalization :Entry of new PRODUCTS 9 • Risk
  • 15. Growth of Small Scale industries EDP focuses on entrepreneurship qualities Provides Knowledge to solve PROBLEMS & DIFFICULTIES
  • 16. 1 • Lack of capital……….investment……… 2 • Lack of technical knowledge…………….skills 3 • Economical BUSINESS CYCLES 4 • Non availability of RAW MATERIALS ….RESOURCES 5 • Government regulations 6 7 • Obsolescence of technology or IDEA • Unstable/Unpredictable Market
  • 17. 1 • Develop and Strengthen Entrepreneurial qualities 2 • ledge…………….skills 3 • Economical BUSINESS CYCLES 4 • Non availability of RAW MATERIALS ….RESOURCES 5 • Government regulations 6 7 • Obsolescence of technology or IDEA • Unstable/Unpredictable Market