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Entrepreneurship b.v.raghunandan

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Entrepreneurship b.v.raghunandan

  1. 1. Entrepreneurship Department of Post-Graduate Studies, Besant College, Mangalore December 1, 2016
  2. 2. Definition of Entrepreneurship • Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called 'entrepreneurs' Tanti of Suzlon
  3. 3. Traditionally, Who? • Coming up with a business idea • Putting in capital • Organising men and material • Filling up the marketing gap • Connecting consumers with productive mechanism • Making a profit through risk-taking
  4. 4. Broadening the Contours: Employees & Executives • People coming up with ideas • Establishing a good HR Practice • Coming up with new processes • Reducing the cost of existing products • Enhancing the quality of products and services • Enhancing consumer comfort • Turn-Around Whiz- Kids • Venture Capitalist Anu Agha of Thermax Ltd
  5. 5. Individual Entrepreneur: the Best Model • Made to Order • Freshness • Lower Price • Not damaging environment • Protection of Consumer Health • Open Production • Easy Access • Quick Service
  6. 6. Corporate Model: Corrupt Model • Disconnect with consumers • Indifferent to interests of consumers • Demand creation at any cost • Damaging consumer health • Environmental Pollution • Health hazards for employees • Breach of Government Regulations
  7. 7. Impediments to Entrepreneurship • Hostile Government • Unenterprising Bureaucrats • Prejudice against business • Unjustifiable licensing policy • Ever-changing taxation • Lack of infrastructure • Inter-departmental penalty • Lack of Entrepreneurial perspective on the part of nation
  8. 8. Social Entrepreneurship • Business that is socially relevant and run for a profit 1) Solid Waste Management 2) Solar Energy and Reverse Metering 3) Micro-Power Generation 4) Organic Farming 5) Training Institutes 6) Running orphanages & old age homes 7) Anti-corruption Bureau and RTI Activism
  9. 9. Guide to Entrepreneurship • Honesty and Integrity • Compassion for people working for you • Not causing loss to any counter-party to the contracts entered into • Complying with Government Regulations voluntarily and doing more • Avoiding unnecessary risks and costs • Innovative • Shedding Hubris Jaswantiben Jamnadas Popat
  10. 10. Thank You

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