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Ratan Tata is recognized as an accomplished entrepreneur who led the Tata Group's acquisition of Corus, creating the world's fifth largest steel company. As the chairman of Tata Sons, he helped expand the company's global presence through strategic acquisitions. Entrepreneurship involves recognizing opportunities, pursuing them through innovation and risk-taking despite limited resources, and having the flexibility and resilience to adapt to challenges. Successful entrepreneurs demonstrate traits like passion, creativity, self-reliance, leadership, and a willingness to take risks.
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This is an induction deck for people who are thinking about starting-up business on any idea. You will get to know about different shades of being an entrepreneur which often go undiscussed on Internet. This comes from my personal expereince of working in two start-ups, interacting directly with many entrepreneurs, continuous reading of related content availabe on web, and finally from self-experience of being an entrepreneur. For those who have never worked in start-up ecosystem and are about to begin their business, it will prepare them for - best and the worst - than can happen to them in the raod to entrepreneurship
Personality & Innovation of an entrepreneur
This document discusses entrepreneurship and innovation from different perspectives. It provides an overview of the personality and profile of entrepreneurs, discussing their traits from psychological, sociological, and economic views. Various theories of entrepreneurship are explained, along with the link between innovation and entrepreneurship. The document emphasizes that innovation can create new resources or increase the value of existing resources. It outlines strategies for innovation and discusses sources of innovation within and outside a company. These may come from unexpected occurrences, incongruities, changes in demographics or perception.
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This document discusses theories and definitions of entrepreneurship from various scholars and researchers. It provides definitions from Richard Cantillon, Adam Smith, Jean Baptiste Say, Joseph Schumpeter, Frank Knight, Ludwig von Mises, Israel Kirzner and others. It also discusses key individual characteristics associated with entrepreneurship, including the need for achievement, internal locus of control, risk-taking propensity, and personal entrepreneurial competencies. The overall purpose is to introduce students to the theory of entrepreneurship and dimensions like characteristics that are important for entrepreneurs.
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The document discusses entrepreneurship and provides historical background on the topic. It introduces entrepreneurship and its role in economic development. Models of entrepreneurship are presented, including the Timmons model. Entrepreneurship in Pakistan is examined, noting challenges like corruption and lack of innovation. Examples of successful entrepreneurs like Thomas Edison, Michael Dell, Steve Jobs, and Bill Gates are provided. Recommendations are made to improve the business environment in Pakistan.
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Introducing Positive psychology
I am a Positive Psychology enthusiast and had recently conducted a talk on this subject at Hyderabad, India
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Psychological Aspects of Being an Entrepreneur:The Road to Entrepreneurship
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Entp 03ppt
The document discusses various topics related to entrepreneurship including:
1) Key traits of successful entrepreneurs such as passion, innovativeness, and risk-taking abilities.
2) The differences between managers and entrepreneurs and how entrepreneurs try to create new products/services through improvisation.
3) Factors that motivate entrepreneurs both internally, such as their desires, and externally like financial assistance and government policies.
3
The document discusses various topics related to entrepreneurship including:
1) Key traits of successful entrepreneurs such as passion, innovativeness, and risk-taking abilities.
2) The differences between managers and entrepreneurs and how entrepreneurs try to create new products/services through improvisation.
3) Factors that motivate entrepreneurs both internally, such as their desires, and externally like financial assistance and government policies.
50030207 final-entrepreneurship-ppt-110510104505-phpapp02(1)
An entrepreneur is defined as someone who combines factors of production like land, labor, and capital to produce goods and services with the goal of selling them for a profit. Successful entrepreneurs have qualities like a high need for achievement, optimism, a willingness to take risks and innovate, and strong management and financial skills. Promoting youth entrepreneurship is important as it can create jobs, engage marginalized youth, foster new skills, and drive community development through local businesses. However, young entrepreneurs face challenges like lack of access to financing, age discrimination, and inadequate entrepreneurship education.
Entp 04ppt
The document discusses various topics related to entrepreneurship including innovation, entrepreneurial leadership traits, barriers to entrepreneurship, corporate entrepreneurship, entrepreneurial characteristics, entrepreneurial networks, developing business ideas, and sources of business ideas. It provides information on the importance of innovation in business. It also outlines desirable leadership traits such as giving positive feedback, empowering employees, and being approachable. Barriers discussed include both economic barriers and personal barriers. The document also examines the concept of corporate entrepreneurship and characteristics of successful entrepreneurs such as perseverance, risk-taking ability, and self-confidence.
Entrepreneurship development
ED Notes for the MBA students.. please reach to ksiraj6@gmail.com if you have any doubts / suggestions. I love teaching and training students
Entrepreneurship
Entrepreneurship involves starting new businesses and taking risks to create new products and services. The document discusses entrepreneurs and intrapreneurs, who work within large companies to drive innovation. It also discusses small business owners and the advantages and disadvantages of small businesses compared to large corporations. Key characteristics of successful entrepreneurs are outlined, including traits like creativity, risk-taking, and strong planning skills. The challenges of managing growth and transitioning a business to be more formalized or global are also summarized.
Entrepreneurship developments
The document discusses various ways to classify entrepreneurs. They can be classified based on the type of business, such as business entrepreneurs, trading entrepreneurs, industrial entrepreneurs, corporate entrepreneurs, and agricultural entrepreneurs. They can also be classified based on their use of technology, such as technical entrepreneurs, modern technology-based entrepreneurs, and traditional entrepreneurs. The key classifications of entrepreneurs discussed in the document are based on the sector or industry they operate in and the level of technology they adopt.
Entrepreneurship Development
This document discusses entrepreneurship and provides definitions, characteristics, types, and benefits. It defines an entrepreneur as someone who runs a small business and assumes its risks and rewards. Successful entrepreneurs tend to be goal-oriented, committed, hands-on, able to handle uncertainty, continuously look for opportunities, willing to take risks, and creative. The document outlines five types of entrepreneurship and distinguishes entrepreneurs from managers. Finally, it notes national benefits of entrepreneurship including fostering economic growth, creating new technologies and products, increasing competition, and improving productivity.
Entrepreneurship-PPT.ppt
The document discusses various topics related to entrepreneurship including what entrepreneurs and intrapreneurs are, characteristics of successful entrepreneurs, planning a business, managing growth pressures and family businesses, and fostering intrapreneurship within large companies. It provides definitions and comparisons between entrepreneurs and intrapreneurs, and lists common traits of successful entrepreneurs such as being innovative, risk-taking, and good managers. It also outlines factors to consider when planning a business like motivations, market research, and costs.
Entrepreneurship-PPT.pptx
The document discusses various topics related to entrepreneurship including what entrepreneurs and intrapreneurs are, characteristics of successful entrepreneurs, planning a business, managing growth pressures and family businesses, and fostering intrapreneurship within companies. It provides definitions and comparisons between entrepreneurs and intrapreneurs, and lists common traits of successful entrepreneurs such as being innovative, risk-taking, and good managers. It also outlines factors to consider when planning a business like motivations, market research, and costs.
1. Ent. ch. 1 ppt..pptx
This document outlines an introductory course on entrepreneurship for freshman students. It covers 7 chapters: the nature of entrepreneurship, business planning, business formation, product/service development, marketing, business financing, and managing growth. Chapter 1 defines entrepreneurship and entrepreneurs. It discusses the types of entrepreneurs and their roles in economic development. Qualities of successful entrepreneurs like opportunity-seeking and risk-taking are also covered. The chapter outlines the entrepreneurial process and competencies needed like creativity, innovation, and adapting to different environments.
MBA Entrepreneurship ppt.pptx
The document provides an overview of entrepreneurship, including defining entrepreneurs and intrapreneurs. It discusses key personal attributes of successful entrepreneurs like independence, self-confidence, and technical skills. It also covers challenges of growth pressures as a business expands, managing family businesses, and fostering intrapreneurship within large corporations. Small business advantages include feeling important, but disadvantages are lower pay and benefits. Entrepreneurs go through phases from informal startups to more structured organizations as they grow.
Workshop on entrepreneurship
An entrepreneur is defined as someone who sets up a business or enterprise and takes risks in order to achieve profits and growth. They identify opportunities and assemble resources to capitalize on them. Key characteristics of entrepreneurs include a desire for responsibility, risk-taking, confidence, and a future orientation. Entrepreneurship provides employment, distributes wealth more widely, stimulates innovation and economic development. Factors that support entrepreneurship include education, infrastructure, access to financing, and policies that promote and protect new businesses.
entrepreneurship.ppthybhghsujsisjjshsjsj
The document discusses various topics related to entrepreneurship including what entrepreneurs are, their common characteristics, how to plan to become an entrepreneur, challenges of business growth, managing a family business, and corporate intrapreneurship. Specifically, it notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, they often have traits like risk-taking and self-confidence, planning involves considering one's motivations and market research, and growing businesses requires more formal structures while intrapreneurs can foster innovation within companies.
Entrepreneurship
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan to become an entrepreneur, dealing with business growth pressures, managing a family business, and corporate intrapreneurship. Specifically, it notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, they often have traits like risk-taking and self-confidence, planning involves considering your motivations, market research, and costs, and growing businesses often require more formal structures while intrapreneurs can drive innovation within large companies.
Entrepreneurship (1)
Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services. Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.
Entrepreneurship
This document discusses various topics related to entrepreneurship including what defines entrepreneurs and intrapreneurs, characteristics of successful entrepreneurs, planning a business, and challenges of business growth and managing family businesses. Key points covered include:
- Entrepreneurs notice opportunities and mobilize resources to create new products/services, while intrapreneurs do this within large companies.
- Common traits of successful entrepreneurs include being original thinkers, risk takers, and having technical skills and strong planning abilities.
- As businesses grow, entrepreneurs often feel pressure to formalize processes to facilitate focus, organization and profits, though this may compromise their entrepreneurial spirit.
- Managing family businesses poses challenges as families and friends can fight, especially over money
Entrepreneurship
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan a business, managing growth pressures and family businesses, and corporate intrapreneurship. Entrepreneurs take initiative to start new businesses and notice opportunities to create new products/services. They tend to be self-confident risk takers with a drive for independence. Effective planning including market research and financial projections is key. As businesses grow, more formal processes are needed. Family businesses require clear roles and conflict resolution to succeed long term. Large companies encourage intrapreneurs who innovate from within.
Entrepreneurship
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan a business, managing growth pressures and family businesses, and corporate intrapreneurship. Entrepreneurs take initiative to start new businesses and notice opportunities to create new products/services. They are often risk-takers and self-motivated. Planning a business thoroughly is important. As companies grow, entrepreneurs may feel pressure to formalize processes. Managing family businesses requires clear responsibilities and conflict resolution. Intrapreneurs innovate within large companies.
MODULE 5.pptx
This document provides information about entrepreneurship and small scale industries. It defines an entrepreneur as an innovator who identifies opportunities and takes risks to start new businesses. It describes the concept of entrepreneurship as undertaking business interests through teamwork and exploiting opportunities. The stages of the entrepreneurial process are identified as identifying opportunities, evaluating opportunities, preparing a business plan, organizing resources, and managing the enterprise. Characteristics of entrepreneurship include innovation, risk-taking, and skillful management. Sources of finance for entrepreneurs and the roles of various central level institutions in supporting small scale industries are also outlined.
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Nirma Etp Theories Of Ent.
The document discusses theories and concepts of entrepreneurship. It provides definitions of entrepreneurship over time as innovation, achievement, organization building, and managerial skills. Six factors are described as stimulating entrepreneurial activity: capital formation, technology development, government programs, training, technology transfer, and an innovative environment. Entrepreneurship is analyzed in economic systems like capitalism, socialism, and mixed economies. The modern concept of entrepreneur emerged in the 18th century with industrial innovators taking on development risks to generate profits through new combinations of production factors.
vivek ambastha
The document provides an overview of intrapreneurship including definitions, the need for corporate entrepreneuring, obstacles to corporate entrepreneurship, elements of an intrapreneurial strategy, characteristics of intrapreneurs, and myths about intrapreneurs. It discusses how intrapreneurship involves entrepreneurial activities within an organization that receive resources and support innovation. Elements of an intrapreneurial strategy include developing a vision, encouraging innovation, structuring an entrepreneurial climate, and developing venture teams. The document seeks to dispel myths about intrapreneurs and their motivations, risk-taking, and ethics.
VivekEtp Women Entrepreneurship
Women make up about half of India's population but only 10% of entrepreneurs. They face challenges entering business like lack of access to finance and mobility. Government and nonprofit programs provide support through training, access to capital and markets, and loans specifically for women-owned businesses to encourage more women entrepreneurs.
Nirma Etp Technology Transfer In Innovation
Technology transfer involves applying technology developed for one purpose to a new use or user. In the 1980s, governments recognized the economic potential of technology transfer by encouraging companies to utilize technologies developed in other industries. Successful technology transfer depends on factors within receiving organizations like openness to external knowledge, willingness to license technologies, and maintaining communication with external sources of information.
Nirma Etp Risk Management
There are several types of risk that can affect a single investment project. These include project-specific risks, competitive risks, industry risks, market risks, and international risks if investing abroad. Risk refers to uncertainty about outcomes and can be measured using metrics like range, standard deviation, and coefficient of variation. Risk can be viewed from the perspective of a standalone project, the firm as a whole, or a diversified investor. Entrepreneurs also face various types of risks beyond just financial risks, such as career risks, family risks, and psychic risks, and their tolerance of risk depends on their motivations between profit-seeking and activity-seeking.
Nirma Etp Social Entrepreneurship
1. Social responsibility consists of obligations businesses have to society, including environmental protection, fair employment practices, and community involvement.
2. Corporations exhibit different levels of social responsibility from social obligation (following laws), social responsibility (accepting programs), to social responsiveness (being proactively evaluated).
3. Entrepreneurs are beginning to redefine social responsibility and address social and environmental problems through ecovision - designing organizations with open structures that consider employees, environment and social demands.
Nirma Etp Motivation I
1. Motivation is a complex concept influenced by psychological, sociological, and managerial factors that direct human behavior.
2. The entrepreneurial motivation process involves needs arising from dissatisfaction that motivate behavior to achieve targets and gain satisfaction through feedback.
3. Entrepreneurial motivation includes the need for achievement, power, self-support, growth, and social and personal achievement, which leads individuals to take on creative and risk-taking tasks.
Nirma Etp Goal Setting
This document discusses goal setting in entrepreneurship. It defines goals as providing future orientation and consistency. Goals can be target oriented, achievement oriented, specific, overall, or secondary. Goals also have long or short-term timeframes. Setting goals requires defining the goal, setting specific goals, and getting feedback. Goals must be clear, reformed if needed, and restated to be achievable. A plan of action, performance standards, risks, and periodic review are also important. Visionaries who can translate abstract ideas into concrete results through imagination and understanding are well-suited to goal setting.
Nirma Etp Ent.Traits
The document discusses the personality characteristics of entrepreneurs. It identifies key traits like leadership, interpersonal competence, and administrative competence. It also discusses the importance of creating a dream or vision to motivate people. Entrepreneurs must function as leaders to facilitate needs, share information clearly about business needs, and acknowledge a willingness to change to achieve the vision. The document also identifies common barriers to entrepreneurship like entry barriers, survival barriers, and exit barriers that entrepreneurs must overcome.
Nirma Etp Ent. Mindset
The document discusses the importance of maintaining an entrepreneurial mindset as a company grows. It contrasts the mindset of an entrepreneur with that of a manager, noting that entrepreneurs perceive opportunities and believe they can succeed, whereas managers are more focused on analyzing data and maintaining the status quo. The document also discusses how entrepreneurs can build adaptive organizations by sharing their vision, increasing perceptions of opportunity, and rewarding innovation. It emphasizes the challenges of transitioning from an entrepreneurial to managerial style of leadership during growth stages.
Nirma Etp Ent. Comp.
1. The document discusses 13 key competencies that entrepreneurs need to successfully start and manage their business. These competencies include initiative, seeking and acting on opportunities, persistence, information seeking, concern for quality work, commitment to work, efficiency, planning, problem solving, self-confidence, assertiveness, persuasion, and using influence strategies.
2. Some of the most important competencies mentioned are initiative, seeking opportunities, persistence in the face of obstacles, problem solving skills, self-confidence, and persuasion to convince others of business ideas and goals.
3. Developing these competencies can help entrepreneurs overcome challenges, continuously improve their business, and achieve their objectives.
Nirma Etp Ent. Awareness
The document discusses three approaches to understanding entrepreneurship: process approaches, an integrative approach, and entrepreneurial assessment approach. The integrative approach models the entrepreneurial process as having inputs like opportunities, the entrepreneur, organizational context, and resources that get combined through stages to outputs like value creation, new products/services, and economic growth. The entrepreneurial assessment approach examines assessments of the entrepreneur, venture, and environment at different career stages. A multidimensional approach views entrepreneurship as involving the individual, environment, organization, and venture process through specific related factors.
Entp 14ppt
Marketing research is necessary to understand customers, the market environment, and competition. It involves systematically collecting, analyzing, and reporting data to identify opportunities and problems, evaluate marketing actions, and improve understanding of marketing. Marketing research in the startup phase can reveal customer demographics, where the market is located, market size and changes, competitors, and how customers will be reached. Companies need better information about customer needs, the marketing environment, and competitors to make strategic decisions.
Nirma Etp Concept
The document discusses the concept of entrepreneurship. It defines entrepreneurship as taking calculated risks to achieve business objectives and seize opportunities to make profits. Entrepreneurship requires personal qualities like the capacity to take independent risks. Successful entrepreneurship combines business goals with ethical behavior and supporting broader development goals. The document also provides definitions of entrepreneurship from different scholars and lists key characteristics like accepting challenges, decision-making, risk-taking, and innovation.
Nirma Ent. Myths
The document discusses 10 common myths about entrepreneurship and seeks to dispel them based on contemporary research. Some of the key myths addressed include that entrepreneurs are born not made, that they must fit a certain profile, and that ignorance is better than planning. The document argues that entrepreneurship can be learned, that there is no single profile, and that careful planning rather than ignorance leads to success. It aims to move past "folklore" and focus on rigorous research into contemporary theories and processes of entrepreneurship.
Entp 15,Seven Business Crisis
The document discusses several types of business crises including starting, cash flow, delegation, leadership, financial, prosperity, and management succession crises. It provides causes and recommendations for how to prevent or overcome each type of crisis. Key advice includes thorough planning, developing management teams, effective delegation, consultation with experts, succession planning, and being adaptive to changes.
Entp 15 Ppt
Venture capital involves high-risk investments in new or expanding companies. There are different types of venture capital available at different stages of a business's development, including seed capital for initial research, startup capital for launching operations, and development capital for expanding. Venture capitalists provide funding and support to portfolio companies by assessing strategies, hiring managers, finding contacts, and more. Social entrepreneurs aim to create social value through innovation and addressing social needs. Marketing research is important for startups to understand customer needs, the competitive landscape, and potential opportunities in the market.
Entp 12ppt
The document discusses several topics related to entrepreneurship and small businesses:
1. It describes the relationship between large and small businesses, and some ways they interact and support each other through activities like maintenance, repair, jobbing, and merchandising.
2. It notes that 70% of innovations come from small businesses, and lists some companies like Siemens and Ford that started small.
3. It discusses government organizations that support small businesses in India like SIDO and NSIC and some of the schemes and assistance they provide.
Entp 09ppt
Sam Walton outlined 10 rules for success for entrepreneurs and business owners. The rules include committing fully to your business, sharing profits with employees and treating them as partners, motivating employees through goals and rewards, communicating extensively with employees to empower them, appreciating employees, celebrating successes and learning from failures, listening to employees, exceeding customer expectations, standing behind your products and services, and controlling expenses better than competitors. The document also provides background information on small scale industries in India, including their role in the economy, characteristics of small scale businesses, objectives of small businesses, challenges they face, and government organizations that support small businesses in India.
Entp 05ppt
Grameen Bank in Bangladesh sought to cultivate mutual responsibility and empowerment among borrowers and staff. It has given out over 4.48 million loans with a 98.9% repayment rate. Sam Walton's 10 rules for success for entrepreneurs include committing fully to your business, sharing profits with partners, exceeding customer expectations, and controlling expenses better than competitors. Small businesses provide opportunities for entrepreneurs to experiment and hone their skills with nominal capital before growing into large industries.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
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- 6. What is Entrepreneurship? Entrepreneurship is a dynamic form of social and economic behavior in which people respond to environmental signals about the availability of opportunities and the resources with which they can be exploited. Rae and Carswell
- 9. What is Entrepreneurship? An entrepreneur is a person who sees opportunity, sizes up its value, and finds the resources to make the most of it. Jim Nelson University of Idaho
- 21. Accepting challenges for growth Entrepreneurship Organization Decision Making Skilful Management Risk taking Making the enterprise success Innovation/Improvement
- 25. E N T R E P R E N U E R Innovation Administrative Ability Organization Skills Intelligence Creativity Clear Objective Business Secrecy Sound Knowledge/Technical Knowledge Emotional Stability Public Relation Effective Communication
- 28. The entrepreneur is solely and fully responsible for his funds. Said differently, you could conclude that the entrepreneur has to be reasonably sure of the success of his ideation. Whereas, failure of intrapreneurship probably just means the company has a loss of profit from its other businesses. Entrepreneurship Pg 1.4
- 29. Is an entrepreneur a manager? Yes. Is a manager an entrepreneur? Not necessarily! There are just a few essential differences Entrepreneurship Pg 1.4
- 30. Entrepreneurship E M Venture New Existing Risk Yes No Reward Profit Salary Status Ind. Not Ind. Pre-req. No qual. Qual. Creative Pg 1.4
- 51. Innovation, Entrepreneurship & Intrapreneurship