<ul><li>  THE CONCEPT OF ENTREPRENEURSHIP </li></ul><ul><li>“  The supply of entrepreneurship is limited firstly by the  <...
Entrepreneur   Person Entrepreneurship    Process of Action    Enterprise    Object   CONCEPT OF ENTREPRENEURSHIP Operatin...
3. Small Business Targeting - Presence of explicit small business component in    local development. - Amount of staff res...
<ul><li>David McClelland:   </li></ul><ul><li>Innovative characteristics of an individual doing things  </li></ul><ul><li>...
CHARACTERISTICS OF  ENTERPRENEURSHIP   ACCEPTING CHALLENGES DECISIOIN- MAKING   ORGANIZATION RISK-TAKING   SKILLFUL MANAGE...
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Nirma Etp Concept

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Nirma Etp Concept

  1. 1. <ul><li> THE CONCEPT OF ENTREPRENEURSHIP </li></ul><ul><li>“ The supply of entrepreneurship is limited firstly by the </li></ul><ul><li>scarcity of the requisite personal qualities, and secondly by </li></ul><ul><li>the difficulty of identifying them when they are available.” </li></ul><ul><li>What is Entrepreneurship? </li></ul><ul><ul><ul><li>Entrepreneurship is the propensity of mind to take </li></ul></ul></ul><ul><ul><ul><li>calculated risk with confidence to achieve a </li></ul></ul></ul><ul><ul><ul><li>pre-determined business or industrial objective. </li></ul></ul></ul><ul><ul><ul><li>(Decision Making) </li></ul></ul></ul><ul><ul><ul><li>The capacity to take risk independently and individually </li></ul></ul></ul><ul><ul><ul><li>with a view to making profits and seizing an opportunity </li></ul></ul></ul><ul><ul><ul><li>to make more earnings in the market – oriented economy </li></ul></ul></ul><ul><ul><ul><li>is the dominant characteristic of modern entrepreneurship </li></ul></ul></ul><ul><ul><ul><li>Entrepreneurship in India has to sub-serve the national </li></ul></ul></ul><ul><ul><ul><li>objectives. </li></ul></ul></ul><ul><ul><ul><li>Apparent conflict between social objectives and economic </li></ul></ul></ul><ul><ul><ul><li>imperatives has to be first resolved by the individual </li></ul></ul></ul><ul><ul><ul><li>entrepreneur in his own mind and initiate economic growth </li></ul></ul></ul>
  2. 2. Entrepreneur Person Entrepreneurship Process of Action Enterprise Object CONCEPT OF ENTREPRENEURSHIP Operating Definition of Policy Entrepreneurship: 1. Policy Innovations - Availability of equity - Efforts to assemble public and/or private equity - Willingness of local developers to risk some of their resources on small or new firms - Creation of incubator facilities - Availability of technical assistance 2. Policy Commitment - Support of local governmental bodies for economic development.
  3. 3. 3. Small Business Targeting - Presence of explicit small business component in local development. - Amount of staff resources devoted to small firms concerns. - Percentage of capital funds channeled through development organizations into young ventures. 4. Characteristics of Public Support - Level of funding - Cooperation of national and local municipal officials on economic development. - Working relations between economic developers and elected officials. Entrepreneurship: A. H. Cole : Entrepreneurship is the purposeful activity of an individual or a group undertaken to initiate, maintain or organize a profit-oriented business unit.
  4. 4. <ul><li>David McClelland: </li></ul><ul><li>Innovative characteristics of an individual doing things </li></ul><ul><li>in a new and better way. </li></ul><ul><li>Peter Drucker : Entrepreneurship is neither a science nor </li></ul><ul><li>an art. It is a practice. It has a knowledge base. Indeed </li></ul><ul><li>what constitutes knowledge in practice is largely defined by </li></ul><ul><li>the ends, that is by practice. </li></ul><ul><li>An ideal Entrepreneur: </li></ul><ul><ul><li>Combines values in the market economy; that profits do not </li></ul></ul><ul><ul><li>some how preclude ethical behavior. </li></ul></ul><ul><ul><li>The growth is possible even if political patronage is not used </li></ul></ul><ul><ul><li>to bend rules and cut corners. </li></ul></ul><ul><ul><li>Pursuit of wealth can be a mannerly one. </li></ul></ul><ul><ul><li>Supports people, country, natural resources, ecology and sees </li></ul></ul><ul><ul><li>that his enterprise becomes a catalyst agent for development. </li></ul></ul><ul><ul><li>Success depends on the degree of his vision, leadership, </li></ul></ul><ul><li>competitiveness, talent, self-reliance, connections, </li></ul><ul><li>communication and resourcefulness. </li></ul>
  5. 5. CHARACTERISTICS OF ENTERPRENEURSHIP ACCEPTING CHALLENGES DECISIOIN- MAKING ORGANIZATION RISK-TAKING SKILLFUL MANAGEMENT INNOVATION MAKING THE ENTERPRISE A SUCCESS ENTREPRENEURSHIP
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