This document discusses entrepreneurship and leadership. It defines key terms like entrepreneur, entrepreneurship, and leadership. It describes the meaning and characteristics of an entrepreneur, entrepreneurial leader, and effective leader. It also outlines different types of business ownership like sole proprietorship, partnership, and joint stock company. Finally, it provides examples of entrepreneurial leadership through individuals like Elon Musk, Oprah Winfrey, and Richard Branson.

1. UNIT 4
ENTREPRENEURSHIP
LEADERSHIP By,
Prof. Sandeep D Chaudhary,
Asst Professor – MBA Department,
ISMR Pune.

2. 1.
DEFINITION &
MEANING
Let’s start with the introductory definitions
2

3. MEANING OF ENTREPRENEUR
& ENTREPRENEURSHIP
╺ An entrepreneur is an individual who
owns a firm, business, or venture, and is
responsible for its development.
╺ Entrepreneurship is the practice of
starting a new business or reviving an
existing business, in order to capitalize
on new found opportunities..
3

4. MEANING OF ENTREPRENEUR
& ENTREPRENEURSHIP
╺ Who is leader……….?
Someone who can influence others and
who has managerial authority
or
A leader is a person who can influence or
motivate others to do what he wants them
to do.
╺ (Burns, 2007).
4
╺ What is leadership…….?
The process of influencing a group towards
the achievement of goals.
Leadership is the art of motivating a group
of people to act towards to achieving a
common goal.
(Burns, 2007).

5. “
“Entrepreneurial leadership is about systematic and
purposeful development of leadership skills and
techniques which can take a long time.”
╺ It is about the developing relationships.
╺ It is about creating long term sustainable competitive
advantage based upon architecture of entrepreneurial
leadership.
-(Burns, 2007).
5

6. WHO IS AN
ENTREPRENEURIAL LEADER?
A Leader who is –
╺ Proactiveness
╺ Continuous innovator
╺ Achievement driven
╺ Authentic leader
╺ Organisation builder
╺ Market intimacy
╺ Cost- conscious
6
╺ Competitive
╺ Risk-taking
╺ Action-oriented
╺ Bottom-Line driven
╺ Sense of Ownership

7. CHARACTERISTICS OF AN
EFFECTIVE LEADER
He possesses the ability to
╺ Promote changes
╺ Motivate the members of the team
╺ Lead towards the accomplishment of the
common goals
7

8. 2.
ELEMENTS OF
NEW VENTURE
FOUNDER TEAM
Let’s start with the introductory definitions
8

9. 9
Start-up/
New
Venture
Key
Employees
Board of
Directors
Other
Professiona
ls
Lenders &
Investors
Board of
Investors
Manageme
nt team

10. 3.
TYPES OF
OWNERSHIP
Let’s start with the company ownership types
10

11. 11
Types of
Ownership
Sole
Proprietorship
Partnership
Joint stock
company
Cooperative
organization

12. MEANING OF SOLE
PROPRIETORSHIP
Definition:
“It is that type of business organization which is
owned, managed and controlled by a single owner.”
Examples:
freelancer, commission based salesman,
independent contractor, craftsman
12

13. 13
╺ Sole ownership
╺ No separate legal
entity
╺ Unlimited liability
╺ No-profit sharing
╺ No legal formalities
FEATURES OF SOLE
PROPRIETORSHIP

14. MEANING OF
PARTNERSHIP
Definition:
“A partnership is a form of business organization in
which 2 or more persons up to a maximum of 20 join
together to undertake some form of business activity.”
╺ A partnership business, by definition, consists of two
or more people who combine their resources to form
a business and agree to share risks, profits and
losses.
Examples:
law firms, physician groups,
real estate investment firms and accounting groups.
14

15. 15
╺ Two or More persons
╺ Agreement or
Contract
╺ Lawful business
╺ Profit sharing
╺ Mutual agency
╺ Limited liability
FEATURES OF
PARTNERSHIP

16. MEANING OF JOINT
STOCK COMPANY
Definition:
“Joint stock company is a voluntary association of
Individuals for profit, having capital divided into
transferable shares, the ownership of which is condition
of membership” - Prof. Haney
╺ A joint-stock company is a business owned by its
shareholders, who can buy and sell shares freely.
╺ Historically, the shareholders of a joint-stock
company could bear unlimited liability for debts
owed by the company
Examples:
Reliance Industries Limited, State Bank of India, Oil
and Natural Gas Limited, Indian Oil Corporation
16

17. 17
╺ Two or More persons
╺ Agreement or
Contract
╺ Lawful business
╺ Profit sharing
╺ Mutual agency
╺ Limited liability
FEATURES OF
PARTNERSHIP

18. 4.
LEGAL ISSUES IN
SETTING AN
ORGANIZATION
Let’s start with the company ownership types
18

19. LEGAL ISSUES
╺ Intellectual property rights
╺ Registration of the unit in DIC
╺ Statutory license or clearance
╺ Obtaining NOC from local
body/Panchayat/Municipalty
19

20. TYPES OF TAXES LEVIED ON BUSINESS
╺ Income Tax
╺ Profession Tax
╺ Corporation Tax
╺ Capital Gain Tax
╺ Excise duty
╺ Custom Duty
╺ Goods & Service Tax
20

21. LEGAL EXPENSES
╺ Advertising & Promotion
╺ Borrowing costs
╺ Employee expenses
╺ Equipment & Supplies
╺ Insurance, License & Permit fees
╺ Research Expenses
╺ Technological Expenses
21

22. DOCUMENTS REQUIRED FOR
STARTING BUSINESS
╺ Permanent Account Number
╺ Tax Account Number
╺ Digital Signature Certificate
╺ Director Information Number
╺ Registered business name
╺ Memorandum & Articles of Association
╺ Certificate of Incorporation
╺ Registration of Establishment
22

23. 4.
EXAMPLES OF
ENTREPRENEURIAL
LEADERSHIP
Let’s start with the company ownership types
23

24. ELON MUSK !
CEO of Tesla and SpaceX
Known for his ambitious vision to
revolutionize transportation and
space exploration, Musk is an
iconic entrepreneurial leader who
takes bold risks and drives
innovation.
24

25. Oprah Winfrey!
Media Mogul
As a highly influential media
entrepreneur, Winfrey's visionary
leadership has shaped her media
empire and positively impacted
millions of lives.
25

26. Richard Branson!
Founder of Virgin Group
Branson's entrepreneurial
leadership style is characterized
by risk-taking, adaptability, and a
focus on customer experience,
evident in the diverse range of
businesses under the Virgin
brand.
26

27. 27
THANKS!
Any questions?
You can find me at
╺ @username
╺ user@mail.me