Nature of Entrepreneurship

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Nature of Entrepreneurship

  1. 1. NATURE OFENTREPRENEURSHIPXOPHIA MONTAWAL
  2. 2. ENTREPRENEUR: "Entrepreneur as a person who only provides capitalwith out taking active part is the leading role is theenterprise". -Adam Smith “A person who is able to look at the environment,identify opportunities to improve the environment, mar shallresources, and implement action to maximize thoseopportunities”. -Prof. Robert Nelson
  3. 3. ENTREPRENEUR: A person who sets up a business ofbusinesses, taking financial risk is thehope of profit.
  4. 4. ENTREPRENEURSHIP: According to Heggins " Entrepreneurship is meant thatfunction of seeking investment and production opportunityorganizing and enterprise to undertake a new productionprocess, raising capital, having labor, arranging the supply ofraw materials, finding site and selecting to managers of day-to-day operations.
  5. 5. ENTREPRENEURSHIP: "Entrepreneurship is essentially a creationsactivity it consists of doing such things are generallynot done in ordinary course of business". - JOSPH SCHEM PETER
  6. 6. NATURE OFENTREPRENEURSHIP: It is an Multi-dimensional concept.Entrepreneurship as an economicactivity emerge and functionsin Socio-economic andcultured settings.
  7. 7. ENTREPRENEURSHIP FEATURES:• Management skills : Leadership/Handling & involving risk & uncertain.• High achievement : Targer based• Decision Making :• Risk bearing capacity : No. of times• Innovations :
  8. 8. ENTREPRENEURSCOMPETENCIES:1. Risk taking :2. Networking : key business activities/ planning3. Commercial Aptitude : update developments/best practices4. Integrity : values/business decisions5. Optimism : working hope of success6. Strategic Planning :7. Fresh Approaches :8. Confident :
  9. 9. ENTREPRENEURATTITUDES: 1.Capacity and willingness to assume risk 2.Willing to hardwork and be always tenacious 3.Vision and foresightedness 4.Creative and imaginative thinking and innovative 5.Willingness to adopt to change 6.High degree of ambition 7.Total commitment and determination 8.Prompt and sound decision making 9.Ability to organization and administration 10.A long-term vision of the future of your business
  10. 10. ENTREPRENUERSHIPQUALITIES:1.Initiation 10.Patient2.Watching for opportunities 11.positive thinking3.Persistence 12.Self Determination4.Information seeker 13.Self motivation5.Qualities conscious6.Commitment to work7.Efficient lover8.Proper planning9.Eager to learn
  11. 11. FUNCTION OFENTREPRENEUR:1.INNOVATION2.RISK BEARING3.UNCERTAINTY4.ORGANIZATION BUILDING5.PERCEIVING MARKET OPPOTUNITIES6.PURCHASE INPUTS7.MARKETING THE PRODUCTS8.DEALING WITH DBUREAUCRATS9.MANAGING HUMAN RELATIONS WITHIN THE FIRM10. INDUSTRIAL ENGINEERING
  12. 12. THE END

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