entrepreneurship-meaning and features

1. C O N C E P T
&
F E A T U R E S

2. I AM
Nandhu Nirmal Sha,
an Under-Graduate student doing the Business Administration degree,
2013 Commerce batch pass out from SAPS,
Lives in Mundakkayam,
Studies in Marian College,Kuttikkanam.
Connect with me: www.fb.com/nandhu.keeranchira
#i_am

3. marian college, kuttikkanam
 Estd. in 1995 and situated at Kuttikanam in Idukki district.
 ‘A’ grade college with 3.52 rating by the UGC and awarded with CPE status.
 Well advanced learning environment.
#my_almamater

4. COURSES OFFERED:
Bachelor of Business Administration
Bachelor of Commerce (Aided & Self-financing)
Bachelor of Computer Applications
Bachelor of arts-Communicative English
Bachelor of arts-Economics
Master of Computer Applications
Master of Management Hospitality
Master of Commerce
#courses_in_marian

5. Bachelor of Business Administration program provides a light about the
management field. All the areas of work of a manager is discussed in the
BBA program in a general manner . In depth study of the subjects can made
through a Masters in Business Administration. Even though, this program is
theory based it is a lot different in Marian College. Seminars, Paper Presentations,
Group Discussions etc. are part of the curriculum providing a ground for students
to improve their conversation skills and management skills.
Bachelor of Business Administration
(BBA)
#bba

7. An entrepreneur is basically a innovator who carries out new combinations to initiate
and accelerate the process of economic development.
So, entrepreneurship is a role played by or the task performed by the entrepreneur.
Entrepreneurship can be defined as the propensity of mind to take calculated risks
with confidence to achieve a pre- determined business or industrial objective.
Two characteristics of entrepreneurship identified by David McClelland are:
a. Doing things in a new and better way
b. Decision making under uncertainity
#concept_of_entrepreneurship

9. #features_of_entrepreneurship
Economic Activity
Entrepreneurship is an economic activity because it involves creation and
operation of an enterprise. It also implies seeking the best opportunities for
using resources for the highest commercial yields. Entrepreneurship is a
continuous economic process which recognises the need to change and an
entrepreneur is a key person to initiate any change.
Innovative Activity
Entrepreneurship is innovation where new products,services,ideas and information
is produced, new efficient production techniques are introduced by the firms, new
market opportunities are identified and better ways of meeting existing demands are
looked into.

10. A Function of High Achievement
People not only differ in their ability to do, but also in their will to do
something. This will depends on the strength of their motives like
needs, wants, drives or impulses. People having high needs liken
power and achievement are more likely to succeed as entrepreneurs.
Creative and Purposeful Activity
Entrepreneurship is a creative and purposeful activity. Profits is never
the sole objective but to introduce something new and creative is the
purpose of entrepreneurship. Creativity leads in innovations. The
entrepreneur is basically a innovator.
#features_of_entrepreneurship

11. An Organising Function
It is an organising function whereby the entrepreneur brings together
various factors of production,ensures the continuing management
and renders risk-bearing function also.
A Function of Risk Bearing
Entrepreneurship is a risk which is incalculable and cannot be
insured. An entrepreneur is a person who buys things at a certain
price and sells them at a uncertain price. So, the decisions about
obtaining and using resource while consequently assuming the risk
of enterprise
#features_of_entrepreneurship