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Entrpreneurship

Entrpreneurship

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    Entreclas1 Entreclas1 Presentation Transcript

    • ENTREPRENEURSHIP Prof Sundaram Appan extends a WARM WELCOME TO DEFENSE PERSONNEL MY CONTACT REF MAIL: appanhosur@yahoo.com Mob: 91 -94433 65433 3-Jan-14 1
    • For Your efforts to ENHANCE KNOWLEDGE on Business Management 3-Jan-14 2 LOM-1
    • ENTREPRENEURISHIP 3-Jan-14 SA-LOM-1 3
    •  SUNDARAM APPAN - BORN IN NEW YEAR 1st JAN……  Engg Graduate College of Engineering Guindy (Anna univ)  PG –Indian Statistical Institute SQC/OR/ COMPUTER SCIENCE IN CALCUTTA  PG DIP MATERIALS MANAGEMENT – IIM BANGALORE  UAP FACULTY CERTIFICATION / MM & PP Modules Certification in PIM SIX SIGMA BALCK BELT TRININED PRESENTLY TECHNOLOGY CONSULTANT ( ON LINE )–GLG GROUP, NEWYORK, USA CONSULTANT IN SAP & INFO. TECH. FACULTY – SAP / ERP / LEAN /….. 3-Jan-14 SA-LOM-1 4
    • Over 36 years experience MIS / IT / PPC/Materials Management Past CIO and Advisor I T for HM group ,PAST HEAD PPC / STORES / SYSTEMS IN HERO HONDA / TVS SUZUKI /JCT ELECTRONICS Professor XIME last 2 years / Now teaching ERP/ MIS/Ebiz at Alliance Business Academy –MBA class Widely traveled to Japan / USA / Bangkok /Australia etc Past Chairman Computer society of India and active member GARTNER / NASSCOM/ Rotary International 3-Jan-14 SA-LOM-1 5
    • COURSE SUMMARY ENTREPRENEURSHIP · Introduction to Entrepreneurship · Entrepreneurial Process · Steps in starting a new venture · Whom to contact for what? · Achievement Motivation Taking risk or managing risk & Failure perspective · innovation Business Incubation & Forms of ownership  3-Jan-14 SA-LOM-1 6
    • COURSE SUMMARY ENTREPRENEURISHIP Creativity, Identification of Business Opportunity, criteria for selecting the Business opportunity · Business Model, Market Feasibility study, Marketing strategy · Finance Feasibility Study, Intellectual property Rights, Source of funds-Banks, Venture Capital · · Business Plan USEFUL VIDEO PODCASTS ON CONCEPTS OF ENTREPRENEURSHIP  3-Jan-14 SA-LOM-1 7
    • WHAT IS ENTREPRENEURSHIP ? The capacity and willingness to develop, organize and manage a BUSINESS venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses 3-Jan-14 LOM-1 8
    • Entrepreneurs vs Intrapreneurs  Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.  Intrapreneurs also notice opportunities and take initiative to mobilize resources, however they work in large companies and contribute to the innovation of the firm.  Intrapreneurs often become entrepreneurs.
    • Entrepreneurship  A process, not a type of person  Creating and/or building something of value  Identifying an opportunity  Pulling together the needed resources to pursue the opportunity  Developing and implementing a Business Plan  Involves uncertainty and the acceptance of risk
    • Who are entrepreneurs?  Common traits  Common traits  Original thinkers  Risk takers  Take responsibility for own actions  Feel competent and capable  Set high goals and enjoy working toward them  Self employed parents  Firstborns  Between 30-50 years old  Well educated – 80% have college degree and 1/3 have a graduate level degree 
    • Successful and Unsuccessful Entrepreneurs  Successful  Creative and Innovative  Position themselves in shifting or new markets  Create new products  Create new processes  Create new delivery  Unsuccessful  Poor Managers  Low work ethic  Inefficient  Failure to plan and prepare  Poor money managers
    • Entrepreneur  If you embrace that it’s never too late to start living a dream, you’re an entrepreneur.  If you see opportunity when others see impossibility, you’re an entrepreneur.  If you’re taking risks, you’re an entrepreneur.  If you believe that anything is possible, you’re an entrepreneur.
    • Entrepreneur  If you’re trying your ideas you’re an entrepreneur.  If you’re contributing to something bigger than yourself, you’re an entrepreneur.  If you’re creating jobs, you’re an entrepreneur.  If you’re NOT scared, you’re an entrepreneur.  If you’re determined, that your ideas will succeed you’re an entrepreneur.
    • ENTREPRENEUR If you’re determined, you’re an entrepreneur. If you’re making tough decisions, you’re an entrepreneur. If you believe that nothing is “unrealistic”, you’re an entrepreneur. If you’re focused, you’re an entrepreneur. If you’re asking questions, you’re an entrepreneur. If you embrace the unknown, you’re an entrepreneur 3-Jan-14 15
    • ENTREPRENEURISHIP In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global market place 3-Jan-14 LOM-1 16
    • ENTREPRENEURIAL COMPETENCIES 3-Jan-14 17
    • ENTREPRENEURSHIP Entrepreneur: Person whose goal is to create or capitalize on new economic opportunities through innovation Entrepreneurship: Process through which entrepreneurs create and grow enterprises Entrepreneurial Community: Community where significant economic and social entrepreneurial activity exists within an effective system of public and private support Entrepreneurship Development: Policies and practices (public and private) that foster entrepreneurship 3-Jan-14 18
    • ENTREPRENEURIAL COMPETENCIES Scott Shane (Case Western) – “Entrepreneurship is an activity that involves the discovery, evaluation and exploitation of opportunities to introduce new goods and services, ways of organizing, markets, processes, and new materials through organizing efforts that previously had not existed.” .” 3-Jan-14 19
    • ENTREPRENEURIAL COMPETENCIES Howard Stevenson (Harvard) – “.. The pursuit of opportunity without regard to resources currently controlled.” W. Gibb Dyer, Jr. (BYU) – “The founding of new businesses is the essence of entrepreneurial activity.” 3-Jan-14 20
    • Entrepreneurial Competencies • Initiative • Looking for opportunities • Persistence • Information seeker
    • Entrepreneurial Competencies • Quality Consciousness • Commitment to work • Commitment to efficiency • Proper Planning
    • Entrepreneurial Competencies • Problem Solver • Self confident • Assertive • Persuasive
    • Entrepreneurial Competencies • Effective Monitoring • Employees Welfare • Effective Strategist
    • COURTESYFORBES 3-Jan-14 LOM-1 28
    • WHY ENTRPRENEURSHIP IS IMPORTANT ESSENCE OF SUCCESS OF USA IS OVERALL THE NATIONS ENTREPRENEURIAL COMPETENCE. AND HIGH % OF ENTREPRENEURS COMPARED TO JOB SEEKERS ( 18 % vs 72 %) Virtually of USA’s economic growth is coming from entrepreneurial ventures of all sizes and types 3-Jan-14 29
    • WHY ENTRPRENEURSHIP IS IMPORTANT Entrepreneurship cause economic growth By creating job opportunities for people, an entrepreneur provides wealth to the people. This strengthens the economy of a country. For this purpose Government also welcomes entrepreneurs to start their business AND PROVIDES SEVERAL INCENTIVES FOR ENTREPRENEURS 3-Jan-14 30
    • WHY ENTRPRENEURSHIP IS IMPORTANT Entrepreneurship creates job opportunities When an entrepreneur starts a business using his financial assets, he must need some time to share his work load. For this purpose, he hires people to work with him. As the time passes, the entrepreneur gets satisfied that he is investing his money in the right place. So he starts a huge business, hence creating more job opportunities for people. 3-Jan-14 31
    • WHY ENTRPRENEURSHIP IS IMPORTANT Entrepreneurs play a vital role in technological innovation & R & D 3-Jan-14 32
    • WHY ENTRPRENEURSHIP IS IMPORTANT Entrepreneurs help build communities in ways such as providing jobs, conducting business locally, creating and participating in entrepreneurial networks, investing in community projects, and giving to local charities. 3-Jan-14 33
    • WHY ENTRPRENEURSHIP IS IMPORTANT Realizing both the economic and social impact of entrepreneurship, many states and local communities have implemented aggressive strategies aimed at cultivating and nurturing entrepreneurs 3-Jan-14 34
    • WHY ENTRPRENEURSHIP IS IMPORTANT Entrepreneurship to small business provides strength Most of the time, entrepreneurs prefer to invest their money in small businesses. Such activities of the entrepreneurs provide strength to the small business. So the niche markets flourish providing strength to the economy of the country 3-Jan-14 35
    • • PODCAST ON INTEL CONCPETS OF ENTREPRENEURSHIP 3-Jan-14 LOM-1 36