Entrepreneurship involves creating new businesses and taking risks to introduce new products, services or processes. The document defines entrepreneurship and outlines its key functions such as taking initiative, organizing resources, identifying opportunities, risk taking, innovation and fostering autonomy. It also discusses the importance of entrepreneurship in job creation, wealth generation, and economic development. An entrepreneur is defined as someone who organizes a business venture and assumes the financial risks associated with it.
Enterpreneurship development by_pawan_tripathi_2014_09_14_10_41_17_775Pawan Tripathi
This document provides notes on entrepreneurship development for students. It defines key terms like entrepreneur and entrepreneurship. An entrepreneur is an individual who takes on the risk of starting a new business venture. Entrepreneurship involves identifying opportunities and combining resources to exploit them for profit. The document discusses the evolution of the concept of entrepreneur over time. It also outlines characteristics of entrepreneurs like being achievement-oriented and innovative. Risks of entrepreneurship like financial and career risks are examined. Finally, barriers to entrepreneurship like lack of skilled labor and raw materials are summarized.
1) Entrepreneurship development aims to improve entrepreneurs' skills through training programs to increase the number of entrepreneurs. It is one of the four major factors of production along with land, labor, and capital.
2) Small businesses are defined based on investment in plant and machinery in India. The MSMED Act defines micro, small, and medium enterprises based on investment ceilings. Small businesses play a significant role in employment generation and economic development in India.
3) Intellectual property rights like patents, trademarks, and copyrights are important for innovative entrepreneurs as they allow protection of inventions and give competitive advantage over others. The government also provides various institutional supports like the National Small Industries Corporation to promote small businesses in
The document discusses the concept and definitions of entrepreneurs and rural industries. It provides various definitions of an entrepreneur from different scholars as someone who organizes and manages a business undertaking and assumes the risk to make a profit. It also defines rural industries as any industry located in a rural area with a population of less than 20,000 people and investment of less than 3 crores in plant and machinery. The document further categorizes rural entrepreneurs into agricultural entrepreneurs, artisan entrepreneurs, merchant/trading groups, and tribal entrepreneurs based on their primary occupations and activities.
The document discusses entrepreneurship and defines entrepreneurs. It provides several definitions of entrepreneurs from different economists. An entrepreneur is defined as someone who undertakes risks by starting new businesses or ventures. They innovate, take initiative, and exploit opportunities for economic growth. The document also lists common reasons for becoming an entrepreneur like having a business idea, family tradition, skills, or knowledge in a specific area. It discusses important qualities of entrepreneurs like being diligent, creative, self-confident, and able to influence others. Key entrepreneurial skills include problem solving, persuasion, selling, strategic thinking, and networking. Characteristics of successful entrepreneurs are also outlined.
1. The document discusses entrepreneurship, explaining it as creating a business to generate profit while taking on risks and rewards.
2. It provides definitions of entrepreneurship from various sources that generally include innovation, opportunity seeking, risk taking, and economic and personal rewards.
3. Examples of entrepreneurship are given in 10 countries, including the US, China, India, and South Korea, showing common themes of government support, new businesses and products, and harnessing opportunities.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
Enterpreneurship development by_pawan_tripathi_2014_09_14_10_41_17_775Pawan Tripathi
This document provides notes on entrepreneurship development for students. It defines key terms like entrepreneur and entrepreneurship. An entrepreneur is an individual who takes on the risk of starting a new business venture. Entrepreneurship involves identifying opportunities and combining resources to exploit them for profit. The document discusses the evolution of the concept of entrepreneur over time. It also outlines characteristics of entrepreneurs like being achievement-oriented and innovative. Risks of entrepreneurship like financial and career risks are examined. Finally, barriers to entrepreneurship like lack of skilled labor and raw materials are summarized.
1) Entrepreneurship development aims to improve entrepreneurs' skills through training programs to increase the number of entrepreneurs. It is one of the four major factors of production along with land, labor, and capital.
2) Small businesses are defined based on investment in plant and machinery in India. The MSMED Act defines micro, small, and medium enterprises based on investment ceilings. Small businesses play a significant role in employment generation and economic development in India.
3) Intellectual property rights like patents, trademarks, and copyrights are important for innovative entrepreneurs as they allow protection of inventions and give competitive advantage over others. The government also provides various institutional supports like the National Small Industries Corporation to promote small businesses in
The document discusses the concept and definitions of entrepreneurs and rural industries. It provides various definitions of an entrepreneur from different scholars as someone who organizes and manages a business undertaking and assumes the risk to make a profit. It also defines rural industries as any industry located in a rural area with a population of less than 20,000 people and investment of less than 3 crores in plant and machinery. The document further categorizes rural entrepreneurs into agricultural entrepreneurs, artisan entrepreneurs, merchant/trading groups, and tribal entrepreneurs based on their primary occupations and activities.
The document discusses entrepreneurship and defines entrepreneurs. It provides several definitions of entrepreneurs from different economists. An entrepreneur is defined as someone who undertakes risks by starting new businesses or ventures. They innovate, take initiative, and exploit opportunities for economic growth. The document also lists common reasons for becoming an entrepreneur like having a business idea, family tradition, skills, or knowledge in a specific area. It discusses important qualities of entrepreneurs like being diligent, creative, self-confident, and able to influence others. Key entrepreneurial skills include problem solving, persuasion, selling, strategic thinking, and networking. Characteristics of successful entrepreneurs are also outlined.
1. The document discusses entrepreneurship, explaining it as creating a business to generate profit while taking on risks and rewards.
2. It provides definitions of entrepreneurship from various sources that generally include innovation, opportunity seeking, risk taking, and economic and personal rewards.
3. Examples of entrepreneurship are given in 10 countries, including the US, China, India, and South Korea, showing common themes of government support, new businesses and products, and harnessing opportunities.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
ENTREPRENEURIAL MANAGEMENT - Defining Entrepreneurship and its related risks ...Alfredo Toledo
This document provides an overview of entrepreneurship and entrepreneurial management. It discusses the history and evolution of entrepreneurship from the 13th century to present day. Key topics covered include defining entrepreneurship and entrepreneurial management, the entrepreneurial task, stages of long-term ventures, and risks and rewards of entrepreneurship. Government policies supporting small and medium enterprises in the Philippines are also summarized.
Introduction to Entrepreneurial ManagementAlfredo Toledo
This document provides an overview of entrepreneurship and entrepreneurial management. It defines key terms like entrepreneurship, entrepreneur, and entrepreneurial management. It discusses the history and evolution of entrepreneurship from the 13th century to present. It also outlines the evolution of entrepreneurship in the Philippines. The document describes the entrepreneurial task and four stages of long-term ventures. It identifies risks and rewards of entrepreneurship and distinguishes between small businesses and entrepreneurial ventures.
The document discusses the concepts of enterprise, entrepreneurship, and entrepreneurial traits. Some key points:
1. An enterprise can refer to a business, an undertaking, or a difficult challenge. It differs from a company in that an enterprise is a broader term and does not necessarily imply a formal business organization.
2. Entrepreneurship involves starting a new business and taking on financial risks to do so. Successful entrepreneurs display traits like confidence, competence, courage, self-discipline, and the ability to overcome challenges like bureaucracy.
3. Theories of entrepreneurship seek to explain what drives individuals to start new businesses. Schumpeter's innovation theory views entrepreneurs as innovators who introduce new combinations of
The document discusses the evolution and concepts of entrepreneurship. It begins by outlining how entrepreneurship emerged as a factor of production in the 14th century with tax contractors. It then summarizes key thinkers' contributions, including Schumpeter viewing entrepreneurs as innovators. The document also defines entrepreneurship and an entrepreneur, examines theories of entrepreneurship including economic, sociological, and psychological perspectives. It discusses problems inhibiting entrepreneurship growth in India and concludes by comparing the pros and cons of entrepreneurship and defining intrapreneurship.
This document discusses entrepreneurship and entrepreneurship development. It defines an entrepreneur as someone who innovates, takes risks, and exploits opportunities to start new businesses. Entrepreneurship involves perceiving opportunities, organizing resources, and handling uncertainty to establish new enterprises. The key functions of an entrepreneur are raising capital, hiring staff, obtaining supplies, and managing the business. Entrepreneurship development programs aim to cultivate entrepreneurial skills and provide support like financing, workspaces, and technical training to promote self-employment and business creation. Factors that encourage entrepreneurship include financial assistance, infrastructure, market demand, collaboration opportunities, and government support policies.
The document discusses entrepreneurship and its role in economic development. It defines entrepreneurship as undertaking innovations and transforming them into economic goods. Entrepreneurs take risks and play a significant role in creating jobs, developing new technologies, and solving social problems. Their activities help generate wealth and drive economic growth. The document also outlines several ways in which entrepreneurship contributes to economic development, such as through employment generation, increasing national income, promoting regional development, and improving standards of living. Intrapreneurship within organizations is also discussed as a form of internal entrepreneurship.
The document discusses concepts related to entrepreneurship and entrepreneurs. It defines an entrepreneur as someone who starts a business or enterprise, taking on the associated risks and rewards. Entrepreneurship involves innovation, risk-taking, identifying opportunities, and organizing resources to exploit opportunities for profit. The document also discusses various myths associated with entrepreneurs and provides definitions of entrepreneurship from different scholars.
An entrepreneur plays a vital role in economic development by bringing innovation and taking risks. The concept of entrepreneur has evolved over time from someone who organizes events to someone who coordinates production. An entrepreneur combines resources, bears risks, and innovates through new products, processes, markets or sources of supply. Key characteristics of entrepreneurs include risk taking, hard work, clear objectives, achievement motivation, independence, self-confidence and innovativeness. Their main functions involve risk bearing, organizing resources, and driving innovation. Entrepreneurs differ from managers in that entrepreneurs own businesses, bear risks, are motivated by profit, and focus on innovation, while managers are employees focused on administration.
This document outlines the topics to be covered in a course on entrepreneurship development. The topics include:
1. Definitions and concepts of entrepreneurs and entrepreneurship.
2. The importance of entrepreneurial growth and a history of entrepreneurship in India.
3. Types of entrepreneurship like corporate entrepreneurship and social entrepreneurship.
4. Characteristics and qualities of successful entrepreneurs.
5. Factors that influence entrepreneurial development like culture, motivation and the economy.
It also lists assignment questions, learning objectives, and provides detailed notes on definitions, the significance of entrepreneurship and influences on entrepreneurial development.
The document discusses the definition and role of entrepreneurs. It provides several definitions of entrepreneurs from different scholars over time, highlighting that entrepreneurs take risks to start businesses by identifying opportunities to fulfill needs in the marketplace. The document also outlines key characteristics of successful entrepreneurs like creativity, passion, risk-taking ability, and focusing on customers. Finally, it discusses the importance of entrepreneurs in economic development and growth by creating jobs, wealth, innovation and promoting overall development.
INTRODUCTION TO ENTREPRENEURSHIP DEVELOPMENT WITH ITS BASIC CONCEPTSMAHUA MUKHERJEE
UNDER CALCUTTA UNIVERSITY CBCS PATTERN B.COM STUDENTS WILL FIND AN ADDITIUONAL TO THEIR CHAPTERS. PURENTS OF ENTRPRENEURSHIP PROGRAMMES CAN ALSO GAIN KNOWLEDGE FROM THIS
CONCEPT OF ENTRPRENEUR ; TYPES OF ENTRPRENEURS CREATIVITY AND INNOVATION
The document provides an overview of entrepreneurship and entrepreneurs. It begins by defining an entrepreneur as someone who starts a business or enterprise and takes on the associated risks and responsibilities. It then discusses the history and etymology of the term entrepreneur. Several definitions of entrepreneurship from different fields like economics, psychology, and sociology are provided. Joseph Schumpeter's theory of innovation and entrepreneurship is explained. The key characteristics, traits, skills, functions, rewards and challenges of entrepreneurs are outlined. The conclusion discusses how entrepreneurs contribute to economic development by creating jobs and stimulating growth.
1. The document defines entrepreneurship as creating something new with value by devoting time and effort while assuming risks and receiving rewards monetarily or through personal satisfaction.
2. It discusses the evolution of how entrepreneurs have been defined from risk takers to innovators who bring new resources and ideas.
3. Entrepreneurship involves starting new ventures that can range from small lifestyle businesses to high-growth companies and plays a key role in economic development through innovation.
The document discusses the nature and definitions of entrepreneurship. It traces the evolution of the term from early uses referring to risk-takers and merchants to modern definitions emphasizing innovation and opportunity recognition. The document also examines the entrepreneurial process, skills required, and importance of entrepreneurship in economic development. It notes entrepreneurship can occur through new ventures, intrapreneurship within companies, or government initiatives. The future of entrepreneurship is discussed as an increasingly important part of education and economic growth.
This document discusses entrepreneurship and provides information about entrepreneurs. It defines entrepreneurship and entrepreneurs, identifies different types of entrepreneurs including megaentrepreneurs and microentrepreneurs. It outlines the importance of entrepreneurship such as generating wealth, decreasing poverty, and creating jobs and innovation. The document also discusses the relevance of entrepreneurship education for senior high school students and potential job opportunities in fields like business consulting, sales, and new venture creation. In the end, it prompts assessing understanding of entrepreneurs and entrepreneurship and answering questions about career opportunities and characteristics of entrepreneurs.
This document discusses entrepreneurship and entrepreneurial development. It covers the following key points in 3 sentences:
The document defines what an entrepreneur is and outlines some of their key functions and characteristics, which include taking risks, perceiving opportunities, organizing resources, and creating value. It also discusses the importance of entrepreneurship for economic development and job creation. Various challenges faced by entrepreneurs are outlined, along with strategies needed to build entrepreneurial capacity, such as ensuring access to skills, capital, and networking opportunities.
The document discusses the role of government in promoting entrepreneurship. It outlines various ways the government supports entrepreneurs, including providing financial assistance, training programs, marketing assistance, promotional schemes, credit facilities, and policies to support small and medium enterprises. The government aims to develop a culture of entrepreneurship through integrating it into education, encouraging risk-taking, and national campaigns.
Definition of an entrepreneur and entrepreneurship, differences between the concept of entrepreneur and businessman, the competency of successful entrepreneurship, the roles and social responsibilities of entrepreneur.
Job analysis is a systematic process of gathering all data and information related to a job to determine the skills, qualifications, and traits needed for the role. It describes the duties and responsibilities of a job to aid in recruitment, selection, and employee satisfaction. Job analysis involves a complete study of all known factors about a job, including tasks, required worker qualifications, and employment conditions. The results of job analysis are used to select appropriate assessment methods that correlate with job performance.
The document discusses the online consumer purchasing decision process and various marketing strategies for e-commerce. It describes the five main stages of the consumer decision process and notes it is similar online and offline. Several factors influence online behavior, including user characteristics, website features, and attitudes toward online purchasing. The document also outlines traditional online marketing tools like search engine marketing, display ads, email marketing and others. It emphasizes an integrated multi-channel approach combining online and offline marketing.
ENTREPRENEURIAL MANAGEMENT - Defining Entrepreneurship and its related risks ...Alfredo Toledo
This document provides an overview of entrepreneurship and entrepreneurial management. It discusses the history and evolution of entrepreneurship from the 13th century to present day. Key topics covered include defining entrepreneurship and entrepreneurial management, the entrepreneurial task, stages of long-term ventures, and risks and rewards of entrepreneurship. Government policies supporting small and medium enterprises in the Philippines are also summarized.
Introduction to Entrepreneurial ManagementAlfredo Toledo
This document provides an overview of entrepreneurship and entrepreneurial management. It defines key terms like entrepreneurship, entrepreneur, and entrepreneurial management. It discusses the history and evolution of entrepreneurship from the 13th century to present. It also outlines the evolution of entrepreneurship in the Philippines. The document describes the entrepreneurial task and four stages of long-term ventures. It identifies risks and rewards of entrepreneurship and distinguishes between small businesses and entrepreneurial ventures.
The document discusses the concepts of enterprise, entrepreneurship, and entrepreneurial traits. Some key points:
1. An enterprise can refer to a business, an undertaking, or a difficult challenge. It differs from a company in that an enterprise is a broader term and does not necessarily imply a formal business organization.
2. Entrepreneurship involves starting a new business and taking on financial risks to do so. Successful entrepreneurs display traits like confidence, competence, courage, self-discipline, and the ability to overcome challenges like bureaucracy.
3. Theories of entrepreneurship seek to explain what drives individuals to start new businesses. Schumpeter's innovation theory views entrepreneurs as innovators who introduce new combinations of
The document discusses the evolution and concepts of entrepreneurship. It begins by outlining how entrepreneurship emerged as a factor of production in the 14th century with tax contractors. It then summarizes key thinkers' contributions, including Schumpeter viewing entrepreneurs as innovators. The document also defines entrepreneurship and an entrepreneur, examines theories of entrepreneurship including economic, sociological, and psychological perspectives. It discusses problems inhibiting entrepreneurship growth in India and concludes by comparing the pros and cons of entrepreneurship and defining intrapreneurship.
This document discusses entrepreneurship and entrepreneurship development. It defines an entrepreneur as someone who innovates, takes risks, and exploits opportunities to start new businesses. Entrepreneurship involves perceiving opportunities, organizing resources, and handling uncertainty to establish new enterprises. The key functions of an entrepreneur are raising capital, hiring staff, obtaining supplies, and managing the business. Entrepreneurship development programs aim to cultivate entrepreneurial skills and provide support like financing, workspaces, and technical training to promote self-employment and business creation. Factors that encourage entrepreneurship include financial assistance, infrastructure, market demand, collaboration opportunities, and government support policies.
The document discusses entrepreneurship and its role in economic development. It defines entrepreneurship as undertaking innovations and transforming them into economic goods. Entrepreneurs take risks and play a significant role in creating jobs, developing new technologies, and solving social problems. Their activities help generate wealth and drive economic growth. The document also outlines several ways in which entrepreneurship contributes to economic development, such as through employment generation, increasing national income, promoting regional development, and improving standards of living. Intrapreneurship within organizations is also discussed as a form of internal entrepreneurship.
The document discusses concepts related to entrepreneurship and entrepreneurs. It defines an entrepreneur as someone who starts a business or enterprise, taking on the associated risks and rewards. Entrepreneurship involves innovation, risk-taking, identifying opportunities, and organizing resources to exploit opportunities for profit. The document also discusses various myths associated with entrepreneurs and provides definitions of entrepreneurship from different scholars.
An entrepreneur plays a vital role in economic development by bringing innovation and taking risks. The concept of entrepreneur has evolved over time from someone who organizes events to someone who coordinates production. An entrepreneur combines resources, bears risks, and innovates through new products, processes, markets or sources of supply. Key characteristics of entrepreneurs include risk taking, hard work, clear objectives, achievement motivation, independence, self-confidence and innovativeness. Their main functions involve risk bearing, organizing resources, and driving innovation. Entrepreneurs differ from managers in that entrepreneurs own businesses, bear risks, are motivated by profit, and focus on innovation, while managers are employees focused on administration.
This document outlines the topics to be covered in a course on entrepreneurship development. The topics include:
1. Definitions and concepts of entrepreneurs and entrepreneurship.
2. The importance of entrepreneurial growth and a history of entrepreneurship in India.
3. Types of entrepreneurship like corporate entrepreneurship and social entrepreneurship.
4. Characteristics and qualities of successful entrepreneurs.
5. Factors that influence entrepreneurial development like culture, motivation and the economy.
It also lists assignment questions, learning objectives, and provides detailed notes on definitions, the significance of entrepreneurship and influences on entrepreneurial development.
The document discusses the definition and role of entrepreneurs. It provides several definitions of entrepreneurs from different scholars over time, highlighting that entrepreneurs take risks to start businesses by identifying opportunities to fulfill needs in the marketplace. The document also outlines key characteristics of successful entrepreneurs like creativity, passion, risk-taking ability, and focusing on customers. Finally, it discusses the importance of entrepreneurs in economic development and growth by creating jobs, wealth, innovation and promoting overall development.
INTRODUCTION TO ENTREPRENEURSHIP DEVELOPMENT WITH ITS BASIC CONCEPTSMAHUA MUKHERJEE
UNDER CALCUTTA UNIVERSITY CBCS PATTERN B.COM STUDENTS WILL FIND AN ADDITIUONAL TO THEIR CHAPTERS. PURENTS OF ENTRPRENEURSHIP PROGRAMMES CAN ALSO GAIN KNOWLEDGE FROM THIS
CONCEPT OF ENTRPRENEUR ; TYPES OF ENTRPRENEURS CREATIVITY AND INNOVATION
The document provides an overview of entrepreneurship and entrepreneurs. It begins by defining an entrepreneur as someone who starts a business or enterprise and takes on the associated risks and responsibilities. It then discusses the history and etymology of the term entrepreneur. Several definitions of entrepreneurship from different fields like economics, psychology, and sociology are provided. Joseph Schumpeter's theory of innovation and entrepreneurship is explained. The key characteristics, traits, skills, functions, rewards and challenges of entrepreneurs are outlined. The conclusion discusses how entrepreneurs contribute to economic development by creating jobs and stimulating growth.
1. The document defines entrepreneurship as creating something new with value by devoting time and effort while assuming risks and receiving rewards monetarily or through personal satisfaction.
2. It discusses the evolution of how entrepreneurs have been defined from risk takers to innovators who bring new resources and ideas.
3. Entrepreneurship involves starting new ventures that can range from small lifestyle businesses to high-growth companies and plays a key role in economic development through innovation.
The document discusses the nature and definitions of entrepreneurship. It traces the evolution of the term from early uses referring to risk-takers and merchants to modern definitions emphasizing innovation and opportunity recognition. The document also examines the entrepreneurial process, skills required, and importance of entrepreneurship in economic development. It notes entrepreneurship can occur through new ventures, intrapreneurship within companies, or government initiatives. The future of entrepreneurship is discussed as an increasingly important part of education and economic growth.
This document discusses entrepreneurship and provides information about entrepreneurs. It defines entrepreneurship and entrepreneurs, identifies different types of entrepreneurs including megaentrepreneurs and microentrepreneurs. It outlines the importance of entrepreneurship such as generating wealth, decreasing poverty, and creating jobs and innovation. The document also discusses the relevance of entrepreneurship education for senior high school students and potential job opportunities in fields like business consulting, sales, and new venture creation. In the end, it prompts assessing understanding of entrepreneurs and entrepreneurship and answering questions about career opportunities and characteristics of entrepreneurs.
This document discusses entrepreneurship and entrepreneurial development. It covers the following key points in 3 sentences:
The document defines what an entrepreneur is and outlines some of their key functions and characteristics, which include taking risks, perceiving opportunities, organizing resources, and creating value. It also discusses the importance of entrepreneurship for economic development and job creation. Various challenges faced by entrepreneurs are outlined, along with strategies needed to build entrepreneurial capacity, such as ensuring access to skills, capital, and networking opportunities.
The document discusses the role of government in promoting entrepreneurship. It outlines various ways the government supports entrepreneurs, including providing financial assistance, training programs, marketing assistance, promotional schemes, credit facilities, and policies to support small and medium enterprises. The government aims to develop a culture of entrepreneurship through integrating it into education, encouraging risk-taking, and national campaigns.
Definition of an entrepreneur and entrepreneurship, differences between the concept of entrepreneur and businessman, the competency of successful entrepreneurship, the roles and social responsibilities of entrepreneur.
Job analysis is a systematic process of gathering all data and information related to a job to determine the skills, qualifications, and traits needed for the role. It describes the duties and responsibilities of a job to aid in recruitment, selection, and employee satisfaction. Job analysis involves a complete study of all known factors about a job, including tasks, required worker qualifications, and employment conditions. The results of job analysis are used to select appropriate assessment methods that correlate with job performance.
The document discusses the online consumer purchasing decision process and various marketing strategies for e-commerce. It describes the five main stages of the consumer decision process and notes it is similar online and offline. Several factors influence online behavior, including user characteristics, website features, and attitudes toward online purchasing. The document also outlines traditional online marketing tools like search engine marketing, display ads, email marketing and others. It emphasizes an integrated multi-channel approach combining online and offline marketing.
The document discusses the different roles of human resource management, including the business partner role, advocate's role, and counselor's role. As a business partner, the HR manager understands the business goals and uses data, coaching, and relationship building to engage employees. As an advocate, the HR manager provides development opportunities and communication to support organizational success. As a counselor, the HR manager advises and guides workers to make personal decisions around issues like education, health, and family matters. The final section discusses strategic HR management functions such as audits, workforce planning, recruitment, retention, training, succession planning, rewards, and performance management.
The document discusses various components of employee compensation including direct financial payments like wages and salaries as well as indirect financial payments like benefits. It describes different types of equity considerations in compensation including external, internal, individual, and procedural equity. The document also outlines competency-based pay, incentives, and various classifications of benefits that companies provide to employees like insurance benefits, retirement benefits, and family-friendly benefits.
The document discusses the importance of creating a business plan when starting a new venture. It explains that a business plan is a written document that describes all internal and external elements of a business, as well as strategies for the first three years. The business plan should be prepared by the entrepreneur in consultation with others like lawyers and consultants. It is important for the entrepreneur to consider how the business looks from the perspective of customers, themselves, and potential investors. A successful business plan will help determine the viability of a venture, guide planning, and help obtain financing. The document outlines the typical sections that should be included in a business plan.
This chapter discusses sources of new business ideas and methods for generating ideas, including focusing on consumers, existing products and services, distribution channels, government resources, and research and development. It describes techniques for generating new ideas like focus groups, brainstorming, brainwriting, and problem inventory analysis. Methods of creative problem solving are outlined, such as brainstorming, reverse brainstorming, the Gordon method, checklist method, forced relationships, and the scientific method. The chapter also details the product planning and development process, from establishing evaluation criteria to taking an idea through the idea, concept, development, and test marketing stages.
This document discusses the entrepreneurial process and intrapreneurship within organizations. It begins by outlining the learning objectives which include defining the entrepreneurial process, causes for interest in intrapreneurship, differences between corporate and intrapreneurial culture, establishing an intrapreneurial climate and leadership characteristics. The entrepreneurial process is then defined as having four phases - identifying opportunities, developing business plans, determining required resources and managing the enterprise. The document also contrasts corporate versus intrapreneurial culture and highlights steps to establish intrapreneurship in an organization such as securing management commitment, identifying areas of interest, providing training and establishing a supportive structure with appropriate rewards and evaluation systems.
The document discusses various theories of entrepreneurship from sociological, psychological, and economic perspectives. Sociological theories explain entrepreneurship as arising from social factors like religious values (Protestant work ethic), legitimacy within society, and social mobility. Psychological theories cite achievement motivation and need for innovation. Economic theories view entrepreneurship as bearing risk and filling market gaps, with incentives like policy environment influencing levels.
This document discusses why project managers need to understand their organization's strategy and strategic management processes. It provides three key reasons:
1. Project managers need to understand strategy to make appropriate project decisions and adjustments based on whether the organization prioritizes innovation, cost efficiency, speed to market, etc.
2. Project managers must be able to advocate for their projects and explain how each project contributes to the organization's mission and strategy to gain support from senior management.
3. Strategic management involves reviewing the organization's mission, analyzing external and internal factors, formulating strategies, setting objectives, and implementing strategies through projects. It provides focus and consistency across all levels of the organization.
The document discusses building an online presence and creating websites. It covers evaluating objectives and target audiences, planning with tools like SWOT analysis and development timelines, designing technical systems, building a site in-house or outsourcing, testing, and maintenance. Common software packages and factors for successful e-commerce sites are also reviewed. The development process is presented as a systematic approach going through analysis, design, building, testing, and implementation phases.
The document discusses security issues and payment systems in e-commerce. It outlines key factors for achieving good e-commerce security, including new technologies, policies/procedures, and industry standards. It also discusses tensions between security and other values like ease of use. Security threats include malware, phishing, hacking, identity theft, and issues with software/social networks/IoT. The document then covers encryption, server/client protection, payment systems like credit cards and mobile/blockchain, and cryptocurrencies.
The document discusses the history and concepts of e-business and e-commerce. It covers topics such as the evolution of e-commerce in three periods from 1995 to the present, focusing on the development of technologies like mobile and social media. Key concepts discussed include different types of e-business models (B2C, B2B, etc.), trends in areas like online social networks and mobile commerce, and how e-business has impacted organizations and society through issues like privacy. The document also examines different academic perspectives that study e-business, such as computer science, economics, and sociology.
The document provides an overview of the internet, web, and mobile platforms. It discusses how the internet began as an interconnected network and evolved from its early innovation phase to today's widespread commercial use. The key technologies that enabled this include packet switching, TCP/IP protocols, IP addressing, and client-server computing. The document also outlines how the world wide web was developed in the late 1980s and 1990s, the role of web browsers, and popular internet-based communication tools and applications that have been developed.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
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Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
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The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
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At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
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At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
2. INTRODUCTION
Entrepreneurship is a vital activity to bring about
changes in economy and society not only in a
country but also of those in the world.
It affects all aspects of political-legal, socio
cultural, technological economic and
demographical environment of life and society.
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3. ORIGIN OF ENTREPRENEURSHIP
The term ‘Entrepreneurship’ is derived from
a French word ‘Entreprendre’ which means
‘to undertake’, to pursue opportunities’, or
‘to fulfill needs and wants through innovation
and starting business’.
The word was first appeared in French
dictionary in 1723.
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4. ORIGIN OF ENTREPRENEURSHIP
It is believed that the Irish Banker operating in
France, Ricardo Cantilon was the first person
who used the word ‘entreprendre’ in economics
as “ an agent who assembles material/inputs for
producing goods at a specific price and through
coordination of those inputs produces goods
whose sales price is uncertain in comparison
with production cost”.
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5. DEFINITION OF ENTREPRENEURSHIP
“Entrepreneurship is the process of creating
something new with value by devoting the
necessary time and effort, assuming the
accompanying financial, psychic, and social risks,
and receiving the resulting rewards of monetary
and personal satisfaction of independence.”
… Robert Hisrich and Michael P. Peters (1998)
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6. FUNCTIONS OF ENTREPRENEURSHIP
Entrepreneurship performs multivariate functions
in all the societies irrespective of their level of
development.
Peter Kilby (1971), Albert Shaparo (1984), John
Burch (1986) and others have prescribed
different functions of entrepreneurship or
entrepreneur from which we can derive common
functions of entrepreneurship .
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7. FUNCTIONS OF ENTREPRENEURSHIP
Taking initiative
Organizing resources
Identifying opportunities and prospects
Risk taking
Decision making
Technology transfer and adaptation
Innovation
Fostering autonomy
Social responsibility
Public relations
Experience sharing
Managerial roles
Balanced economic development
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8. FUNCTIONS OF ENTREPRENEURSHIP
1. Taking initiative: Entrepreneurship is a pro-active activity
that takes such actions, which others can’t even perceive.
2. Organizing resources: Organizing entails identifying those
resources that are required to transform a particular idea into
reality.
3. Identifying opportunities and prospects: Entrepreneurship
searches hopes into blind spots for prosperity.
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9. FUNCTIONS OF ENTREPRENEURSHIP
4. Risk taking: Entrepreneurship takes the risk for new
venture.
5. Decision making: Entrepreneurship is a new initiative
therefore, it has to take decision about multivariate
issues (product quality, price, capital structure,
organizational structure, management style, etc.) that
affect new ventures.
6. Social Responsibility: Entrepreneurship performs social
responsibility that protects welfare, benefits and economic
gain of the society.
7. Public Relations: Entrepreneurship convinces public and gets
legitimacy through public relations. 9
10. FUNCTIONS OF ENTREPRENEURSHIP
8. Experience Sharing: Entrepreneurship may spread in the
society through publishing and sharing its success stories.
8. Transfer and adaptation: Entrepreneurship throughout the
world brings invented technology from different corners of
the world and makes it appropriate by making required
adjustments for local conditions.
9. Innovation: Entrepreneurship innovates new production
process or technology, market, sources of new materials.
management, strategy. or technique.
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11. FUNCTIONS OF ENTREPRENEURSHIP
11) Fostering autonomy: Entrepreneurship is an exposure of creative
faculty that provides personal satisfaction and independence.
Thus entrepreneurship fosters autonomy so as to advent
something new of value by the application of devoted efforts and
time.
12) Managerial Roles: Entrepreneurs perform several
managerial roles to keep their venture functioning with
success.
13) Balanced Economic Development: Entrepreneurs make it
possible through establishing business ventures in various
parts of the country in various sectors of industry. 11
12. IMPORTANCE OF ENTREPRENEURSHIP
1. Growth of Enterprises: Entrepreneurship is the advent of
new venture particularly small ventures, in order to
materialize the innovative ideas of the entrepreneurs. Thus
the growth or establishment of small enterprises is the
specific contribution of entrepreneurship in every
economy of the world . The statistics reveals that in USA
economy nearly half a million small enterprises are
established every year.
2. Creation of job opportunities: Entrepreneurial firms
contributed a large share of new jobs. It provides entry-
level- jobs so necessary for training or gaining experience
for unskilled workers.
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13. IMPORTANCE OF ENTREPRENEURSHIP
3. Contributed towards research and development system:
Entrepreneurship is the incubator of the innovation. Almost 2/3 of
all innovations are due to the entrepreneurs. Without the boom of
inventions the world would have been a much dry place to live in.
Inventions provide an easier way of getting things done through
better and standardized technology.
4. Creates wealth for nation and for individuals as well:
All individuals who search business opportunities usually, create
wealth by entering into entrepreneurship. The wealth created by the
same play a considerable role in the development of nation. The
business as well as the entrepreneur contributes in some or other
way to the economy, may be in the form of products or services or
boosting the GDP rates or tax contributions. Their ideas, thoughts,
and inventions are also a great help to the nation.
Continue…….
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14. IMPORTANCE OF ENTREPRENEURSHIP
5. Impact on Community Development: A community is better
off if its employment base is diversified among many small
entrepreneurial firms. It promotes abundant retail facilities, a
higher level of home ownership, fewer slums, better sanitation
standards, and higher expenditure of education, recreation and
religious activities. Thus, entrepreneurship leads to more
stability and a higher quality of community life.
6. Entrepreneurship provides self sufficiency: The entrepreneur
not only become self sufficient but also provide great standards
of living to its employees. It provides opportunity to a number
of people working in the organization. The basic factors which
become a cause of happiness may be liberty, monetary rewards,
and the feeling of contentment that one gets after doing the job.
Therefore the contribution of entrepreneurs makes the economy
an improved place to live in. Continue… 14
15. IMPORTANCE OF ENTREPRENEURSHIP
7. Innovation: Entrepreneurship nurses innovation that provides
new ventures, product, technology, market, quality of goods etc
to the economy that increases Gross Domestic Products and
standard of living of the people.
8. Political and economic integration of outsiders:
Entrepreneurship is the most effective way of integrating those
who feel disposed and alienated into the economy.
9. It is a challenging opportunity for the people:
Although entrepreneurship is a challenging task but in most of
the cases the rewards it gives are much more than what one
anticipates. It does not only reward an entrepreneur at financial
levels but also on individual level. It provides self satisfaction
to the entrepreneur.
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16. WHO IS AN ENTREPRENEUR?
John G. Burch says, “ The entrepreneur is the one who
undertakes a venture, organizes it, raises capital to finance
it, and assumes all or a major portion of the risk”.
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17. CHARACTERISTICS OF AN ENTREPRENEUR
The characteristics that encompass the concept of entrepreneur
are discussed below-
1. Entrepreneur is an agent
2. Entrepreneur is a risk taker
3. Entrepreneur is a profit maker
4. Entrepreneur is an achievement motivator
5. Entrepreneur is a capital provider
6. Entrepreneur is the determinant of the nature of the
business
7. Entrepreneur is an innovator
8. Entrepreneur is a reward receiver
9. Entrepreneur is a challenge taker
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18. CHARACTERISTICS OF AN ENTREPRENEUR
1. Entrepreneur is an agent: Entrepreneur is perceived as an
economic agent who assembles materials for producing goods
at a cost that ensure profits and re-accumulation of capital. He
is also understood as a change agent who brings about changes
in the structure and formation of organization, market and the
goods and services.
2. Entrepreneur is a risk taker: Many experts have emphasized
this characteristics that entrepreneur is a risk taker while
undertaking a venture.
3. Entrepreneur is a profit maker: Entrepreneur is the
individual who establishes and manages a business for the
purpose of making profit and growth.
4. Entrepreneur is a high achiever: David C. McClelland has
initiated this concept of entrepreneur by calling him “ A person
with a strong desire for achievement”.
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19. CHARACTERISTICS OF AN ENTREPRENEUR
5. Entrepreneur is a capital provider: Entrepreneur is a person
who operates a business by investing his/her capital along
with other sources of capital.
6. Entrepreneur is the determinant of the nature of the
business: Entrepreneur promote diversified and distinct types
of business in a society.
7. Entrepreneur is an innovator: Entrepreneur introduces a new
product, a new quality, a new method of production, new
market and new organization.
8. Entrepreneur is a reward receiver: Entrepreneur is a person
who creates something new of value by devoting time and
efforts and in turn receives monetary personal rewards.
9. Entrepreneur is a challenge taker: It perceives entrepreneur
as a person who accepts challenges for developing and
exercising vigilance about success and failure to take risk and
to generate products. 19
21. CLASSIFICATION OF ENTREPRENEURS
Individual Entrepreneur: When a single person undertakes
entrepreneurial venture then it is termed as individual
entrepreneur.
Institutional Entrepreneur: When an institution undertakes
entrepreneurial venture then it is called institutional
entrepreneur.
a) Technical Entrepreneur: The entrepreneur using a modified
form of existing technology for producing a good or
rendering a service is known as technical entrepreneur.
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22. CLASSIFICATION OF ENTREPRENEURS
b) Innovative Entrepreneur: The person who takes the initiative to
do existing activities in a new way that has a value to customer
is called innovative entrepreneur.
c) Drone Entrepreneur: Drone entrepreneur is the person who can
immediately transfer an opportunity into a viable project.
Drone entrepreneur is also known as opportunist entrepreneur.
d) Imitative Entrepreneur: Imitation is an art of creating a product
similar to another product already in the market. A person who
adopts this technique is imitative entrepreneur.
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23. CLASSIFICATION OF ENTREPRENEURS
e) Fabian Entrepreneur: Fabian entrepreneur is very cautious and
skeptical while practicing any change. They are lazy and shy.
Their dealing is determined by custom, religion and past
practices.
f) Forced Entrepreneur: The entrepreneur who is forced to be so
by the competing environment is known as forced entrepreneur.
Fall of the existing business may force the entrepreneur to start
other type of venture.
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24. QUALITIES OF ENTREPRENEUR
Characteristics Traits
1. Self Confidence
2. Task or Result Oriented
1. Confidence
2. Independence
3. Individuality
4. Optimism
5. Need for achievement
6. Profit oriented
7. Persistent
8. Perseverance
9. Hard work
10. Drive
11. Energy
12. Determination
13. Initiative 24
25. QUALITIES OF ENTREPRENEUR
Characteristics Traits
3. Risk Taker
4. Leadership
5. Originality
6. Future Oriented
14. Risk taking ability
15. Like challenges
16. Leadership behavior
17. Gets along well with others.
18. Responsiveness to suggestions and criticism
19. Innovative
20. Creative
21. Flexible
22. Resourceful
23. Versatile
24. Knowledge
25. Foresight
26. Perceptive
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26. DIFFERENCE BETWEEN ENTREPRENEURS AND MANAGERS
Area of
operation
Entrepreneurs Managers
1. Motive To start a venture of difference
to provide with distinct
qualitative goods or services to
the economy
To render an effective and efficient service
in a created venture of the entrepreneur to
run the venture in a successful manner.
2. Status Owner of the venture or the
holder of the patented goods or
services.
Servant of the venture/organization who is a
salaried person and not independent.
3. Risk
taking
Assumes all types of risks Does not take any risk.
4. Rewards Profit that is uncertain.
Independence and psychic
satisfaction
Salary that is certain.
5.
Innovation
Innovate new ventures with the
vision and values of the
entrepreneur to meet the
changing needs of the market.
Execute innovation developed by the
entrepreneur. Managers translate the
entrepreneurs’ ideas into practice.
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27. DIFFERENCE BETWEEN ENTREPRENEURS AND MANAGERS
Area of
operation
Entrepreneurs Managers
6.Qualificati
on
A set of entrepreneurial qualities. A set of managerial qualities.
7. Thinking Abstract, creative and
imaginative. Entrepreneurs have
high tolerance for ambiguity and
uncertainty
Concrete, absolute and organizational.
Managers have low tolerance for
ambiguity and uncertainty.
8. Response
to authority
Do not submit to any authority.
They enact their own authority to
obey and execute in their
venture.
Identify themselves in a positive
constructive way with authority.
9.
Orientation
Self-oriented, action oriented,
highly motivated for
achievement
Power-oriented while work along
with others.
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28. ENTREPRENEUR & ENTREPRENEURSHIP
Entrepreneur Entrepreneurship
A person or a group of person A process
An organizer An organization
An innovator An innovation
A risk taker A risk bearing
A motivator A motivation
A creator A creation
A leader A leadership
An imitator An imitation
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29. WHAT IS INTRAPRENEURSHIP?
Intrapreneurship is the change initiatives taken within a going
concern by the people working in that organization.
Hisrich and Peters define, “Intrapreneurship is the
entrepreneurship within an existing organization”.
Skinner and Ivancevich observe, “Intrapreneur is an
entrepreneurial person employed by a corporation and
encouraged to be innovative and creative”.
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30. DIFFERENCE BETWEEN INTRAPRENEURSHIP & ENTREPRENEURSHIP
Points of
difference
Intrapreneurship Entrepreneurship
1.
Definition
Intrapreneurship is the
entrepreneurship within an existing
organization.
Entrepreneurship is the dynamic
process of creating incremental
wealth.
2. Core
objective
To increase competitive strength and
market sustainability of the
organization.
To innovate something new of socio
economic value to make profit.
3. Risk Bears moderate risk. Bears all types of risk.
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31. DIFFERENCE BETWEEN INTRAPRENEURSHIP AND ENTREPRENEURSHIP
Points of
difference
Intrapreneurship Entrepreneurship
4. Status Organizational employee
expecting freedom in work.
Free and sovereign person does not
bother with status.
5. Decisions Collaborative decisions to
execute dreams.
Independent decisions to execute dreams.
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32. DIFFERENCE BETWEEN INTRAPRENEURSHIP AND
ENTREPRENEURSHIP
Points of
difference
Intrapreneurship Entrepreneurship
12. Attitude
towards system
Follow self style beyond given
structure.
Adaptive self-style considering
structure as inhabitants.
13. Attitude
towards destiny
Strong self confidence and
hope for achieving goals.
Strong commitment to self
initiated efforts and goals.
14. Operation Operates from inside the
organization
Operates from outside the
organization.
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