1. Entrepreneurship involves designing, launching, and running a new business, typically a small startup company, and offering new products, processes, or services for sale or hire. 2. Entrepreneurs create jobs, increase national income, improve standards of living, drive innovation, promote exports, and develop new products, services, and businesses. 3. They explore new business ideas and production techniques to expand business horizontally through variety and vertically through increased volume and profits.

1. 1/24/2017MANSINGH MBA IIIrd sem.
SUBMMITED BY
MAN SINGH MBA IIIrd
sem.
SUBMMITED TO
Dr.ANANDITA TYAGI

2. 1/24/2017MANSINGH
DEFINITION OF
ENTREPRENEURSHIP
Entreneurship has traditionally been defined as the process of designing lauching
And running a new business which typically begins as a small business such as a
Start up company, of offering a product, process or survice for sale or hire

3. 1/24/2017Mansingh 3
Creates large scale
Employment opportuniy
Increase in national income
Better standard s of living
Creating innovation
Promotes country’s export trade
New product ,New services,
And New business
Production evolution process
Enhancing welfare amenities

4. 1/24/2017Mansingh
National income consists of the goods and services produced in the country
and imported.The goods and services produced are for consumption
withiin the country as well as to meet the demand of exports. The domestic
demand increases with increase in population and increase in standard of
living. the export demand also increases to meet the need of growing
imports due to various reasons.

5. 1/24/2017
An entrepreneur explores new ideas for business production techniques, and services
for horizontal ,i.e., varieties and vertical ,i.e., increase volume and money growth of
business .
Entrepreneur play a vital role in achieving a higher rate of economic growth.
Entrepreneur is able to produce goods at lower cost and supply quality goods at
lower price to the community according to their requirements.

6. Entrepreneur is the person who understand and takes-up product evolution
process .This is a process where innovation developes and an entrepreneur
commercialises the new products.
An entrepreneur is a person who always looks for changes .Apart from combining
the factors of production, they also introduce new ideas and new combination of
factors.They always try to introduce newer and newer technique of production of
goods and services.

7. Innovative new enterprises serve society by providing healthcare facilities,
comforts, insurance, etc. entrepreneur by their own experience try to create
products & services that can help others.It is general perception that when
individual experience person problems or tragedy, they may discover a need for
product or service that is not being met.
Entrepreneurs help in promoting a country’s export trade, which is an
important ingredient of economic development. They produce goods &
services in large for the purpose earning hug amount foreign exchange from
export in order to combat the import dues requirement.