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Entrepreneurship development

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Entrepreneurship development

  1. 1. ENTREPRENEURSHIP DEVELOPMENT Tripti Tiwari Microsoft Student Partner (MSP)
  2. 2. WHO IS AN ENTREPRENEUR? • An entrepreneur is a person who starts an enterprise. He searches for change and responds to it.
  3. 3. DEFINITIONS BY FAMOUS ECONOMIST AND AUTHORS • Richard Cantillon defines entrepreneur as, “An entrepreneur is a person who pays a certain price for a product to resell it at an uncertain price, thereby making decisions about obtaining and using the resources while consequently admitting the risk of enterprise. • Shapiro defined entrepreneur as, “Entrepreneurs take initiative, accept risk of failure and have an internal locus of control.”
  4. 4. CHARACTERISTICS OF ENTREPRENEUR • Risk bearer. • Innovative. • Forecasts uncertainties. • Creative activity. • Business oriented. • Result oriented.
  5. 5. IMPORTANCE OF ENTREPRENEURSHIP • Establishment of viable units. • Develop entrepreneurial tendencies. • To promote innovations. • Optimum utilization of resources. • Increase employment opportunities. • Balance economic development. • Rapid economic development. • Social satisfaction. • Promote capital formation. • Contribute towards Govt. policy execution.
  6. 6. CONTD….. • Means of social change. • Minimize Socio-economic problem. • Establish self sufficient economy.
  7. 7. TYPES OF ENTREPRENEURS. • On the basis of ownership. • On the basis of attitude. • On the basis of centralization. • On the basis of size. • On the basis of entrepreneurial function. • On the basis of leadership. • Urban and Rural entrepreneurship.
  8. 8. ON THE BASIS OF LEADERSHIP. • Individualistic entrepreneurship. • Group entrepreneurship.
  9. 9. ON THE BASIS OF OWNERSHIP. • Private entrepreneurship. • Public entrepreneurship. • Joint entrepreneurship. • Co-operative entrepreneurship.
  10. 10. ON THE BASIS OF ATTITUDE. • Traditional entrepreneurship. • Modern/revolutionary entrepreneurship.
  11. 11. ON THE BASIS OF CENTRALIZATION. • Centralized entrepreneurship. • Decentralized entrepreneurship.
  12. 12. ON THE BASIS OF SIZE • Large entrepreneurship. • Small entrepreneurship.
  13. 13. ON THE BASIS OF ENTREPRENEURIAL FUNCTION• Routine entrepreneurship. • New type entrepreneurship.
  14. 14. OTHER TYPE OF ENTREPRENEURSHIP • Urban entrepreneurship. • Rural entrepreneurship. • Systematic entrepreneurship.
  15. 15. MOTIVATION • Derived from word motive. • An impulse that drives person into action. • Process of encouragement to derive desired results.
  16. 16. CHARACTERISTICS FOR MOTIVATION. • It is an complex phenomena. • Gives birth to common behavior. • Differs from people to people. • Common motivation produces common results. • It is a managerial characteristics. • It is a psychological process. • It comes from different sources. • It is a continuous process.
  17. 17. SOURCES OF MOTIVATION • Power driven motivation. • Affiliation based motivation. • Achievement based motivation.
  18. 18. POWER DRIVEN MOTIVATION. • Work for enhancing social prestige. • Work under external pressure.
  19. 19. AFFILIATION BASED MOTIVATION. • To establish and maintain friendly relations. • Basically done to get things done from relations.
  20. 20. ACHIEVEMENT BASED MOTIVATION. • Hard work for getting result. • Believes on own efforts. • Done to achieve something unique.
  21. 21. MOTIVATIONAL FACTORS FOR ENTREPRENEURSHIP • Desire to achieve. • Desire for innovation. • Ambition to earn wealth. • To start independent profession. • To get social recognition. • Social service. • Self satisfaction and development. • Satisfaction from creativity and production activity.
  22. 22. THANKS!!

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