The document discusses entrepreneurs in India and provides information on various topics related to entrepreneurship. It begins by mentioning the founders of Flipkart, an Indian e-commerce company. It then defines what an entrepreneur is and provides examples of famous entrepreneurs such as Bill Gates, Steve Jobs, and Mark Zuckerberg. The document also discusses the characteristics of successful entrepreneurs, compares entrepreneurs and businessmen, and outlines the entrepreneurial process. It explores factors that affect entrepreneurial growth and development programs aimed at fostering entrepreneurship.

4. Entrepreneurs in India

5. Entrepreneurs in India
Founders of Flipkart- Sachin Bansal and Binny Bansal

6. Entrepreneur
• A person who sets up a business or
businesses, taking on financial risks in the
hope of profit.
• An entrepreneur is someone who seeks to
profitably solve a problem that the world
has, in exchange for enough monetary
compensation to achieve their dreams.

7. Examples of Entrepreneurs
• Bill Gates, founder of Microsoft. There are probably not
many people that have not been touched by one of his
products, such as Microsoft Windows, Microsoft Office and
Internet Explorer.
• Steve Jobs, co-founder of Apple computers, which produces
Macs, iPods and iPhones, as well as Apple TV.
• Mark Zuckerberg, the founder of Facebook.
• Pierre Omidyar, founder of eBay.
• Arianna Huffington, founder of the Huffington Post, a well-
known online news site.
• Caterina Fake, co-founder of Flikr, which hosts images and
videos on the internet.

8. Characteristics & Skills
Entrepreneurs are like gamblers, and like any gambler,
their chances of winning increase if they have the right
cards. Let's look at some characteristics and skills that help
an entrepreneur succeed
• Risk Taking
• Creativity
• Initiative
• Independence
• Full of determination
• Understands failure is part of the game
• Passionate about his or her business
• Highly adaptable
• Ability to sell and promote

9. Are Entrepreneur and businessman
same ??

10. Entrepreneur Businessman
On the originality of idea An entrepreneur is an
inventor and the first
creator of a product.
A businessman can make a
business out of an unoriginal
business or product idea.
On the purpose of doing Entrepreneurs are more
concerned on changing the
world.
Most businessmen are doing
business for profit,
livelihood, for reaching their
financial goals, and for
becoming their own boss.
On the degree of risks taken Entrepreneurs are like sky
divers. They take crazy
risks.
Businessmen take calculated
and managed risks.
On how he treats employees A business owner is an
employer and a manager.
An entrepreneur is a friend
and a leader.

11. Entrepreneur Businessman
On how he treats
customers
An entrepreneur sees
customers as his source
of duty and fulfilment.
For him, customers are
his own life blood.
A business owner usually
sees customers as his
source of sales and
revenues.
On how he sees the
competition
An entrepreneur tries
hard to beat his worst
competitor – himself.
A business owner tries
hard to beat his
competitors and win the
competition.
On what he thinks of
money
Entrepreneurs do not
worry a lot about money
since they can always
start from a scratch.
Losing money is one of
the biggest worries of
businessmen.
On how he sees the
world
An entrepreneur sees the
world as a duty rather
than an opportunity.
A businessman sees the
world as an opportunity.

12. Bases of
Difference
Entrepreneur Manager
Motive The main motive of an
entrepreneur is to start a
venture by setting up an
enterprise. He understands
the venture for his
personal gratification.
But, the main motive of a
manager is to render his
services in an enterprise
already set up by
someone else i.e.,
entrepreneur.
Status An entrepreneur is the
owner of the enterprise.
A manager is the servant
in the enterprise owned
by the entrepreneur.
Risk Bearing An entrepreneur being
the owner of the
enterprise assumes all
risks and uncertainty
involved in running the
enterprise.
A manager as a servant
does not bear any risk
involved in the enterprise.

13. Rewards
The reward an entrepreneur
gets for bearing risks involved
in the enterprise is profit which
is highly uncertain.
A manager gets salary as reward
for the services rendered by him
in the enterprise. Salary of a
manager is certain and fixed.
Innovation Entrepreneur himself thinks
over what and how to produce
goods to meet the changing
demands of the customers.
Hence, he acts as an innovator
also called a ‘change agent’
But, what a manager does is
simply to execute the plans
prepared by the entrepreneur.
Thus, a manager simply
translates the entrepreneur’s
ideas into practice.
Qualifications An entrepreneur needs to
possess qualities and
qualifications like high
achievement motive, origi-
nality in thinking, foresight, risk
-bearing ability and so on.
On the contrary, a manager
needs to possess distinct
qualifications in terms of sound
knowledge in management
theory and practice.

14. School Drop Out Billionaires Without College Degrees
Bill Gates: He is the billionaire co-founder of Microsoft Corporation, the
world largest software company. Dropped out of Harvard to focus on
building Microsoft. According to Forbes magazine, Bill Gates has held the
position of the world richest man for thirteen consecutive years and he
not showing a sign of letting go that position.
Thomas Edison: Thomas Edison was labelled dumb and scatterbrain by his
school teachers but he went on to become one of the world’s greatest
inventors and founded General Electric; one of the most powerful
companies in the world.
Steve Jobs: Billionaire co-founder of Apple Inc and Pixar; dropped out of
Reed College to start Apple.

15. Dhirubhai Ambani: Famous founder of Reliance Group and father
to two billionaires; Anil and Mukesh Ambani. Started Reliance
Industries from scratch and never saw the four walls of school.

16. What is the Role of an Entrepreneur in Economic
Development ?
• Promotes Capital Formation
• Creates Large-Scale Employment Opportunities
• Promotes Balanced Regional Development
• Reduces Concentration of Economic Power
• Wealth Creation and Distribution
• Increasing Gross National Product and Per Capita
Income
• Improvement in the Standard of Living
• Promotes Country's Export Trade
• Induces Backward and Forward Linkages
• Facilitates Overall Development

17. 10 Qualities of a Successful Entrepreneur
 Disciplined
 Confidence
 Open Minded
 Self Starter
 Competitive
 Creativity
 Determination
 Strong people skills
 Strong work ethic
 Passion

18. .
Entrepreneurship has traditionally been defined as the process
of designing, launching and running a new business, which
typically begins as a small business, such as a start-up
company, offering a product, process or service for sale or hire
The capacity and willingness to develop, organize and manage
a business venture along with any of its risks in order to make
a profit. The most obvious example of entrepreneurship is the
starting of new business.

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Characteristics of Entrepreneurship:
1. Economic and dynamic activity:
Entrepreneurship is an economic activity because it involves the creation
and operation of an enterprise with a view to creating value or wealth by
ensuring optimum utilisation of scarce resources. Since this value
creation activity is performed continuously in the midst of uncertain
business environment, therefore, entrepreneurship is regarded as a
dynamic force.
2. Related to innovation:
Entrepreneurship involves a continuous search for new ideas.
Entrepreneurship compels an individual to continuously evaluate the
existing modes of business operations so that more efficient and
effective systems can be evolved and adopted. In other words,
entrepreneurship is a continuous effort for synergy (optimization of
performance) in organizations.

23. .
.
3. Profit potential:
“Profit potential is the likely level of return or compensation to the
entrepreneur for taking on the risk of developing an idea into an actual
business venture.” Without profit potential, the efforts of entrepreneurs
would remain only an abstract and a theoretical leisure activity.
4. Risk bearing:
The essence of entrepreneurship is the ‘willingness to assume risk’ arising
out of the creation and implementation of new ideas. New ideas are always
tentative and their results may not be instantaneous and positive.
An entrepreneur has to have patience to see his efforts bear fruit. In the
intervening period (time gap between the conception and implementation
of an idea and its results), an entrepreneur has to assume risk. If an
entrepreneur does not have the willingness to assume risk,
entrepreneurship would never succeed.

24. .
.
Entrepreneurship is a process, a journey, not the destination; a
means, not an end. To establish and run an enterprise it is
divided into three parts – the entrepreneurial job, the
promotion, and the operation. Entrepreneurial job is restricted
to two steps, i.e., generation of an idea and preparation of
feasibility report. In this article, we shall restrict ourselves to
only these two aspects of entrepreneurial process.
Entrepreneurial Process:

25. .
.
Entrepreneurial process

26. .
Steps of Entrepreneurial process
Deciding
Recognizing
Developing
ManagingMoving
1 2
3
4
5

27. Factors Affecting Entrepreneurial Growth / Entrepreneurial
Environment
(1). Economic Factor:
(a). Markets:
The size are composition of market both influence
entrepreneurship in their own ways. Practically, monopoly in a
particular product in the market becomes more influential for
entrepreneurship than a competitive market.
(b). Capital:
Availability of capital help to bring together the labour at one,
machine of another and raw material of yet another to
combine them to produce product.

28. Factors Affecting Entrepreneurial Growth / Entrepreneurial
Environment
(1). Economic Factor:
(c). Labour:
Labour is the most important factor of economic condition of
entrepreneurship. It appears that the labour problem can’t
protect entrepreneurship from emerging.
(d). Raw materials:
Without raw materials business can’t be started, because
production isn’t possible.
(e). Industrial policy:
It includes rules, incentives.
(f). Fiscal policy:
It include tax, vat.

29. Factors Affecting Entrepreneurial Growth / Entrepreneurial
Environment
(2). Social Factors:
Social environment in a country exercises a significant impact
on the emergence of entrepreneurship. The main components
at social environment are as follows:-
(a). Social Mobility:
It means the people of society transfers from one place to
another exchange culture, attitude etc. If mobility is positive
then growth is also positive.
(b). Security:
Entrepreneurship security is an important facilitator of
entrepreneurial behaviour. Insecurity doesn’t hinder
entrepreneurship, but rather that different kinds of insecurity
will result in different kinds of entrepreneurship.

30. Factors Affecting Entrepreneurial Growth / Entrepreneurial
Environment
(a). Political stability:
(b). Political ideology of government:
Political ideology of government influences the development
of entrepreneurship. It political ideology is favourable to bus
growth then entrepreneurship takes new initiative to from
business.
(c). Nature of change in political ideology:
Due to the change of government the political ideology also
changes again and again. As a result new sectors arise by
declining the previous sectors.

31. 4). Psychological Factor:
Many entrepreneurial theorists have propounded theories of
entrepreneurship that concentrate especially spontaneously
psychological factors. These factors are following:
(a) Need for achievement:
Need for achievement motivate to enhance business tasks for
success. It is psychological power.
(b) Perception and motivation:
Eternally support entrepreneurial behaviour. Especially
perception and motivation with positive forces to enter into
business.
(c). Learning and personality:
More learning about business increases business efficiency.
Different personality including reformist, innovator, ret realists,
retails affect business

32. Entrepreneurship Development Programmes: Meaning,
Need and Objectives of EDP
Meaning:
As the term itself denotes, EDP is a programme meant to
develop entrepreneurial abilities among the people. In other
words, it refers to inculcation, development, and polishing of
entrepreneurial skills into a person needed to establish and
successfully run his / her enterprise. Thus, the concept of
entrepreneurship development programme involves
equipping a person with the required skills and knowledge
needed for starting and running the enterprise.

33. Objectives of EDP:
• Develop and strengthen the entrepreneurial quality, i.e.
motivation or need for achievement.
• Analyse environmental set up relating to small industry and
small business.
• Select the product.
• Formulate proposal for the product.
• Understand the process and procedure involved in setting up a
small enterprise.
• Know the sources of help and support available for starting a
small scale industry.
• Acquire the necessary managerial skills required to run a small-
scale industry.
• Know the pros and cons in becoming an entrepreneur.
• Appreciate the needed entrepreneurial discipline.

34. Need for EDPs:
• Creates Employment Opportunities
• Helps in Achieving Balanced Regional Development
• Prevents Industrial Slums
• Use of local Resources
• Easing Social Tension
• Economic Independence
• Improves the standard of living
• Helps in the overall development of the nation

35. Entrepreneurship Development Institute of India
• The Entrepreneurship Development Institute of India (EDI), an
autonomous and not-for-profit institute, set up in 1983, is sponsored by
the IDBI BANK LTD., IFCI Ltd., ICICI Ltd. and STATE BANK OF INDIA (SBI).
The government of Gujarat pledged twenty-three acres of land on which
stands the EDI campus.
Courses:
• Post Graduate Diploma in Management - Development Studies (PGDM-
DS) [1] Post Graduate Diploma in Management – Development Studies is
designed as a broad and multi-disciplinary focused programme to equip
students with knowledge, analytical and conceptual skills of social and
economic development.
• Post Graduate Diploma in Management - Business Entrepreneurship
(PGDM-BE) The PGDM–BE two-year, full-time, residential programme at
the EDI, has been designed for entrepreneurs and entrepreneurial
managers.