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.
Entrepreneurship has evolved over time from merchants who took on risk to innovators who create new products and services. An entrepreneur is defined as someone who starts a business with risk and creates value through new ideas. Entrepreneurial firms drive economic growth through innovation, job creation, and impacting both society and larger firms. Entrepreneurship plays a key role in economic development by commercializing innovations and stimulating investment and growth.
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.
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.
The document traces the development of entrepreneurship from early periods through modern times. It discusses how entrepreneurs have evolved from signing contracts to taking on risks and rewards of new ventures. The key aspects of entrepreneurship discussed include identifying opportunities, developing business plans, obtaining resources, and managing new enterprises. Different types of startups like lifestyle firms and high-potential ventures are also outlined. Finally, the document examines the role of entrepreneurship in economic development and innovation.
This document discusses the evolution and contemporary views of entrepreneurship. It begins by defining entrepreneurship as originating from the French word "entreprendre" meaning to undertake. It then traces the evolution of entrepreneurship from referring to undertaking business for oneself or others in medieval times, to entrepreneurs providing services to feudal lords. Contemporary views define entrepreneurship as creating value through initiating change and taking risks. The document also contrasts businessmen and entrepreneurs, finding the latter to be more innovative, risk-taking, and focused on cooperation over competition. Finally, it outlines socio-economic benefits of entrepreneurship such as job creation, capital mobilization, and national pride and identity. Key challenges to entrepreneurs are also global competition and changing business environments.
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.
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.
Entrepreneurship has evolved over time from merchants who took on risk to innovators who create new products and services. An entrepreneur is defined as someone who starts a business with risk and creates value through new ideas. Entrepreneurial firms drive economic growth through innovation, job creation, and impacting both society and larger firms. Entrepreneurship plays a key role in economic development by commercializing innovations and stimulating investment and growth.
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.
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.
The document traces the development of entrepreneurship from early periods through modern times. It discusses how entrepreneurs have evolved from signing contracts to taking on risks and rewards of new ventures. The key aspects of entrepreneurship discussed include identifying opportunities, developing business plans, obtaining resources, and managing new enterprises. Different types of startups like lifestyle firms and high-potential ventures are also outlined. Finally, the document examines the role of entrepreneurship in economic development and innovation.
This document discusses the evolution and contemporary views of entrepreneurship. It begins by defining entrepreneurship as originating from the French word "entreprendre" meaning to undertake. It then traces the evolution of entrepreneurship from referring to undertaking business for oneself or others in medieval times, to entrepreneurs providing services to feudal lords. Contemporary views define entrepreneurship as creating value through initiating change and taking risks. The document also contrasts businessmen and entrepreneurs, finding the latter to be more innovative, risk-taking, and focused on cooperation over competition. Finally, it outlines socio-economic benefits of entrepreneurship such as job creation, capital mobilization, and national pride and identity. Key challenges to entrepreneurs are also global competition and changing business environments.
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.
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.
The document provides an overview of entrepreneurship and entrepreneurs. It defines entrepreneurs as innovators who take risks to introduce new products, services, and processes. The summary includes:
1) Entrepreneurs are risk-takers who combine resources in novel ways to create value for society through their initiatives and ideas.
2) Successful entrepreneurship requires qualities like tolerance for risk and ambiguity, commitment, flexibility, and a future orientation.
3) The document classifies different types of entrepreneurs, including innovative entrepreneurs who introduce new ideas, and imitative entrepreneurs who adopt existing successful innovations.
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.
1. Entrepreneur, Entrepreneurship and Intrapreneur - 1.1 to 1.3.pptxAbhijeetGadade5
This document discusses concepts related to entrepreneurship and intrapreneurship. It defines entrepreneurs as individuals who undertake risks to start new business ventures. Entrepreneurship involves purposeful economic activity and the management of risk and uncertainty. Theories from McClelland, Schumpeter, and Drucker are summarized, focusing on characteristics like achievement motivation, innovation, and systematic opportunity identification. Reasons for the growth of entrepreneurship include mobilizing savings, creating employment, promoting regional development, and stimulating economic linkages.
Entrepreneurship Development - IntroductionSOMASUNDARAM T
Introduction to Entrepreneur; Entrepreneurship and Enterprise; Importance and relevance of the entrepreneur; Factors influencing entrepreneurship; Pros and Cons of being an entrepreneur; Women entrepreneur; problems and promotion (SHGs); Types of Entrepreneurs; Characteristics of a successful entrepreneur; Competency requirement for entrepreneurs; Awareness of self-competence.
Entrepreneurship Development - IntroductionSOMASUNDARAM T
Introduction to Entrepreneur;
Entrepreneurship and Enterprise;
Importance and relevance of the
Entrepreneur; Factors influencing
Entrepreneurship; Pros and Cons of
being an Entrepreneur; Women
Entrepreneur; Problems and promotion
(SHGs); Types of Entrepreneurs;
Characteristics of a successful
Entrepreneur; Competency requirement
for Entrepreneurs; Awareness of Self –
Competency
This document discusses entrepreneurship and startups. It identifies three types of startups: lifestyle firms, which support owners and have little growth; foundation companies, which form from R&D and can grow to 400 employees in 10 years; and high-potential ventures, which have rapid growth potential to 500 employees in 10 years. Entrepreneurship plays an important role in economic development by initiating business structure changes and stimulating investment through innovation. Governments and large companies can also drive innovation but entrepreneurs are often best at commercializing new technologies and bridging the gap between science and the marketplace.
This document provides an overview of entrepreneurship, including definitions, historical examples, types, motivations, and the entrepreneurial process. It defines entrepreneurship as the pursuit of opportunity beyond controlled resources and discusses prominent figures like Peter Drucker, Joseph Schumpeter, and Howard Stevenson. Historical eras of entrepreneurship covered include pre-19th century merchants, industrial revolution innovators like Edison and Ford, 20th century disruptors like Jobs, and late 20th century tech pioneers including Page, Brin, and Bezos. The document also outlines types of entrepreneurship and common motivations, and concludes with the typical steps in the entrepreneurial process.
This document provides an overview of entrepreneurial development and the concept of entrepreneurship. It discusses the evolution of how "entrepreneur" has been defined over time, from military expedition leaders to individuals undertaking business risks. Key individuals who contributed definitions, like Cantillon and Schumpeter, are outlined. Entrepreneurial traits like psychological, sociological, and economic factors are examined. The document also covers qualities, functions, and classifications of entrepreneurs as well as their significance for economic development through job creation, innovation, and harnessing local resources.
An Investigation on Psychological and External Factors of Entrepreneurs for t...AJSSMTJournal
This document discusses psychological and external factors that influence entrepreneurs to start businesses early in their careers. It analyzes data from a survey of 30 entrepreneurs in Bangladesh. The key findings are:
1) Most entrepreneurs (26.7%) cited their family's business experience as influencing their decision to start a business. Other influential factors included seeing business opportunities (23.3%), personal interest in business (20%), and educational background (16.7%).
2) Most entrepreneurs (60%) started businesses between the ages of 20-30. Another 33.3% started between 31-40, and only 6.7% started after age 40.
3) When cross-tabulating age and reasons for starting a business
The document discusses several key aspects of entrepreneurship:
1. Cultural, familial, and educational influences can make entrepreneurship seem desirable by valuing independence and success.
2. Previous work experience and education provide skills necessary to start and manage a new business.
3. Sufficient market size and marketing expertise are needed to introduce a new product or service.
4. Readily available funding from personal savings, loans, investors is crucial for starting and growing a new venture.
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 NATURE AND IMPORTANCE OF ENTREPRENEURSFallahchay Ali
This is first chapter of Entrepreneurship and Business Planning.
After the lesson, reader must be able to:
1. Describe Nature, Development and History of Entrepreneurship
2. Identify The Entrepreneurial Decision Process
3.Describe different types of Start-ups
4. Recognize Role of Entrepreneurship in Economic Development
5. Identify Entrepreneurial Careers and Education
6. Identify Different types of Skills Required for Entrepreneurship
7. Describe Ethics and Social Responsibility of Entrepreneurs
1 the nature and importance of entrepreneursAjay Samyal
This document discusses the nature and importance of entrepreneurs. It defines an entrepreneur as an individual who takes initiative to bundle resources innovatively and bear risks. Entrepreneurship involves creating something new with value that requires time, effort, and assumption of risks, with potential rewards of independence and satisfaction. The entrepreneurial decision process involves changing from a present lifestyle to forming a new enterprise if it is both desirable and possible given cultural, family, educational, and financial factors. New ventures can be lifestyle firms, foundation companies, or high-potential firms with rapid growth. Entrepreneurship plays a role in economic development by initiating change and growth through innovation in new products or services.
The Nature and Importance of Entrepreneursgohar321
This document summarizes key points from Chapter 1 of the textbook on the nature and importance of entrepreneurs. It defines what an entrepreneur is and discusses the entrepreneurial decision process. It describes the different types of startups such as lifestyle firms, foundation companies, and high-potential ventures. It also examines the role of entrepreneurship in economic development through innovation and commercializing new products and services.
The document provides an overview of entrepreneurship including:
1) A brief history of the evolution of the term "entrepreneur" from referring to military leaders in the 17th century to those who undertake business risks today.
2) Definitions of an entrepreneur as someone who starts a business by undertaking risks and innovations to create value and wealth.
3) A discussion of entrepreneurship as a dynamic process involving identifying opportunities, organizing resources, and taking action to exploit opportunities for long term gain.
The document discusses the evolution of entrepreneurship and its relevance to economic development and society. It provides definitions of entrepreneurship from various contributors over time. Entrepreneurship has evolved from being associated with risk-taking and innovation to also include opportunity-seeking and resource mobilization. The document highlights that entrepreneurship is seen in Philippine society as a means of social and economic advancement. It also lists notable Filipino and global entrepreneurs as examples. Entrepreneurial activity is recognized as an important driver of economic growth and national development.
This document is an entrepreneurship module prepared by Kanbiro Orkaido for Furra College Hawassa Campus. It contains 7 chapters that discuss basic concepts of entrepreneurship including definitions, the entrepreneurial process, traits of successful entrepreneurs, and classifications of entrepreneurs. The module provides a comprehensive overview of key topics related to entrepreneurship.
An entrepreneur is defined as an individual who starts a business or enterprise, taking on financial risks to launch new ideas or products. They innovate by introducing new goods, production methods, markets, supply sources, or organizations. Successful entrepreneurs have traits like initiative, creativity, risk-taking, human relations skills, communication abilities, and technical knowledge. They motivate teams, have self-confidence, are long-term committed problem solvers who set goals and take moderate risks to achieve them. Entrepreneurship involves recognizing opportunities, organizing resources, and taking action despite uncertainty to correct markets and bring them back to equilibrium through innovation.
The document discusses the definition and history of entrepreneurship. It defines an entrepreneur as someone who introduces new methods of production, products, raw materials, or markets. Entrepreneurship involves undertaking risks to initiate, maintain, or grow a profit-making business. The term originated from French verb "enterprendre" referring to those who led military expeditions. Key aspects of entrepreneurship discussed include innovation, risk-taking, vision, and organizational skills.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
The document provides an overview of entrepreneurship and entrepreneurs. It defines entrepreneurs as innovators who take risks to introduce new products, services, and processes. The summary includes:
1) Entrepreneurs are risk-takers who combine resources in novel ways to create value for society through their initiatives and ideas.
2) Successful entrepreneurship requires qualities like tolerance for risk and ambiguity, commitment, flexibility, and a future orientation.
3) The document classifies different types of entrepreneurs, including innovative entrepreneurs who introduce new ideas, and imitative entrepreneurs who adopt existing successful innovations.
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.
1. Entrepreneur, Entrepreneurship and Intrapreneur - 1.1 to 1.3.pptxAbhijeetGadade5
This document discusses concepts related to entrepreneurship and intrapreneurship. It defines entrepreneurs as individuals who undertake risks to start new business ventures. Entrepreneurship involves purposeful economic activity and the management of risk and uncertainty. Theories from McClelland, Schumpeter, and Drucker are summarized, focusing on characteristics like achievement motivation, innovation, and systematic opportunity identification. Reasons for the growth of entrepreneurship include mobilizing savings, creating employment, promoting regional development, and stimulating economic linkages.
Entrepreneurship Development - IntroductionSOMASUNDARAM T
Introduction to Entrepreneur; Entrepreneurship and Enterprise; Importance and relevance of the entrepreneur; Factors influencing entrepreneurship; Pros and Cons of being an entrepreneur; Women entrepreneur; problems and promotion (SHGs); Types of Entrepreneurs; Characteristics of a successful entrepreneur; Competency requirement for entrepreneurs; Awareness of self-competence.
Entrepreneurship Development - IntroductionSOMASUNDARAM T
Introduction to Entrepreneur;
Entrepreneurship and Enterprise;
Importance and relevance of the
Entrepreneur; Factors influencing
Entrepreneurship; Pros and Cons of
being an Entrepreneur; Women
Entrepreneur; Problems and promotion
(SHGs); Types of Entrepreneurs;
Characteristics of a successful
Entrepreneur; Competency requirement
for Entrepreneurs; Awareness of Self –
Competency
This document discusses entrepreneurship and startups. It identifies three types of startups: lifestyle firms, which support owners and have little growth; foundation companies, which form from R&D and can grow to 400 employees in 10 years; and high-potential ventures, which have rapid growth potential to 500 employees in 10 years. Entrepreneurship plays an important role in economic development by initiating business structure changes and stimulating investment through innovation. Governments and large companies can also drive innovation but entrepreneurs are often best at commercializing new technologies and bridging the gap between science and the marketplace.
This document provides an overview of entrepreneurship, including definitions, historical examples, types, motivations, and the entrepreneurial process. It defines entrepreneurship as the pursuit of opportunity beyond controlled resources and discusses prominent figures like Peter Drucker, Joseph Schumpeter, and Howard Stevenson. Historical eras of entrepreneurship covered include pre-19th century merchants, industrial revolution innovators like Edison and Ford, 20th century disruptors like Jobs, and late 20th century tech pioneers including Page, Brin, and Bezos. The document also outlines types of entrepreneurship and common motivations, and concludes with the typical steps in the entrepreneurial process.
This document provides an overview of entrepreneurial development and the concept of entrepreneurship. It discusses the evolution of how "entrepreneur" has been defined over time, from military expedition leaders to individuals undertaking business risks. Key individuals who contributed definitions, like Cantillon and Schumpeter, are outlined. Entrepreneurial traits like psychological, sociological, and economic factors are examined. The document also covers qualities, functions, and classifications of entrepreneurs as well as their significance for economic development through job creation, innovation, and harnessing local resources.
An Investigation on Psychological and External Factors of Entrepreneurs for t...AJSSMTJournal
This document discusses psychological and external factors that influence entrepreneurs to start businesses early in their careers. It analyzes data from a survey of 30 entrepreneurs in Bangladesh. The key findings are:
1) Most entrepreneurs (26.7%) cited their family's business experience as influencing their decision to start a business. Other influential factors included seeing business opportunities (23.3%), personal interest in business (20%), and educational background (16.7%).
2) Most entrepreneurs (60%) started businesses between the ages of 20-30. Another 33.3% started between 31-40, and only 6.7% started after age 40.
3) When cross-tabulating age and reasons for starting a business
The document discusses several key aspects of entrepreneurship:
1. Cultural, familial, and educational influences can make entrepreneurship seem desirable by valuing independence and success.
2. Previous work experience and education provide skills necessary to start and manage a new business.
3. Sufficient market size and marketing expertise are needed to introduce a new product or service.
4. Readily available funding from personal savings, loans, investors is crucial for starting and growing a new venture.
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 NATURE AND IMPORTANCE OF ENTREPRENEURSFallahchay Ali
This is first chapter of Entrepreneurship and Business Planning.
After the lesson, reader must be able to:
1. Describe Nature, Development and History of Entrepreneurship
2. Identify The Entrepreneurial Decision Process
3.Describe different types of Start-ups
4. Recognize Role of Entrepreneurship in Economic Development
5. Identify Entrepreneurial Careers and Education
6. Identify Different types of Skills Required for Entrepreneurship
7. Describe Ethics and Social Responsibility of Entrepreneurs
1 the nature and importance of entrepreneursAjay Samyal
This document discusses the nature and importance of entrepreneurs. It defines an entrepreneur as an individual who takes initiative to bundle resources innovatively and bear risks. Entrepreneurship involves creating something new with value that requires time, effort, and assumption of risks, with potential rewards of independence and satisfaction. The entrepreneurial decision process involves changing from a present lifestyle to forming a new enterprise if it is both desirable and possible given cultural, family, educational, and financial factors. New ventures can be lifestyle firms, foundation companies, or high-potential firms with rapid growth. Entrepreneurship plays a role in economic development by initiating change and growth through innovation in new products or services.
The Nature and Importance of Entrepreneursgohar321
This document summarizes key points from Chapter 1 of the textbook on the nature and importance of entrepreneurs. It defines what an entrepreneur is and discusses the entrepreneurial decision process. It describes the different types of startups such as lifestyle firms, foundation companies, and high-potential ventures. It also examines the role of entrepreneurship in economic development through innovation and commercializing new products and services.
The document provides an overview of entrepreneurship including:
1) A brief history of the evolution of the term "entrepreneur" from referring to military leaders in the 17th century to those who undertake business risks today.
2) Definitions of an entrepreneur as someone who starts a business by undertaking risks and innovations to create value and wealth.
3) A discussion of entrepreneurship as a dynamic process involving identifying opportunities, organizing resources, and taking action to exploit opportunities for long term gain.
The document discusses the evolution of entrepreneurship and its relevance to economic development and society. It provides definitions of entrepreneurship from various contributors over time. Entrepreneurship has evolved from being associated with risk-taking and innovation to also include opportunity-seeking and resource mobilization. The document highlights that entrepreneurship is seen in Philippine society as a means of social and economic advancement. It also lists notable Filipino and global entrepreneurs as examples. Entrepreneurial activity is recognized as an important driver of economic growth and national development.
This document is an entrepreneurship module prepared by Kanbiro Orkaido for Furra College Hawassa Campus. It contains 7 chapters that discuss basic concepts of entrepreneurship including definitions, the entrepreneurial process, traits of successful entrepreneurs, and classifications of entrepreneurs. The module provides a comprehensive overview of key topics related to entrepreneurship.
An entrepreneur is defined as an individual who starts a business or enterprise, taking on financial risks to launch new ideas or products. They innovate by introducing new goods, production methods, markets, supply sources, or organizations. Successful entrepreneurs have traits like initiative, creativity, risk-taking, human relations skills, communication abilities, and technical knowledge. They motivate teams, have self-confidence, are long-term committed problem solvers who set goals and take moderate risks to achieve them. Entrepreneurship involves recognizing opportunities, organizing resources, and taking action despite uncertainty to correct markets and bring them back to equilibrium through innovation.
The document discusses the definition and history of entrepreneurship. It defines an entrepreneur as someone who introduces new methods of production, products, raw materials, or markets. Entrepreneurship involves undertaking risks to initiate, maintain, or grow a profit-making business. The term originated from French verb "enterprendre" referring to those who led military expeditions. Key aspects of entrepreneurship discussed include innovation, risk-taking, vision, and organizational skills.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
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Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
2. Nature and Development of
Entrepreneurship
French word
Means “between-taker” or “go-
between”
“Individual who takes risks and
starts something new”
3. To include all types of entrepreneurial
behavior the following definition:
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 IN monetary TERMS,
personal satisfaction and independence.
4. Entrepreneurship
Process of creating something new &
assuming the risks & rewards
- Creation Process (for entrepreneur & audiences)
- Devotion of time & effort
- Assuming Risks (Financial, Psychological & Social)
- Rewards (Independence, satisfaction &
monetary rewards)
5. DEFINITION OF
ENTREPRENEUR TODAY
- A concise, universally accepted definition
has not yet emerged
- Almost all the definitions includes:
(1) initiative taking,
(2) the organizing and reorganizing of
social and economic mechanisms
to turn resources and situations to
practical account,
(3) the acceptance of risk or failure.
6. DEFINITION OF
ENTREPRENEUR TODAY
To an economist,
• who brings resources, labor, materials,
and other assets into combinations
• makes their value greater than before
• introduces changes, innovations, and a
new order.
7. Who is an Entrepreneur
recognise opportunities where others
see chaos or confusion
highly creative and innovative
possess business know-how ,
networks and general management
skills
8. Who is an Entrepreneur …..
Dictionary in France (1723)
“One undertaking a project, a
manufacturer, a master builder”
England (18th Century)
“An adventurer, projector, or
undertaker”
10. T
The entrepreneur
The opportunity-spotter The project champion
The inventor
The person who realizes the
opportunity and is determined to
engage it
The person who makes
things happen
The originator of
the product or
concept
The idea
Identifying
the
opportunity
Matching
the idea
to the
opportunity
Exploiting
the
opportunity
to build
something
of value
Source: Bolton & Thompson
Entrepreneurs: Talent, Temperament, Technique
11. Development of Entrepreneurship
Theory and the Term Entrepreneur
Earliest Period: a passive risk taker.
Middle Ages: actor and person in charge of large scale production
projects.
17th century: person bearing risks of profit (loss) in a fixed price
contract with Government.
1725: Richard Cantillon – person bearing risks is different from one
supplying capital.
1803: Jean Baptise Say - separated profits of entrepreneur from
profits of capital.
1876: Francis Walker – distinguished between those who supplied
funds and received interest and those who received profits
from managerial capabilities.
1934: Joseph Schumpeter – entrepreneur is an innovator and
develops untried technology.
1961: David McClellend – entrepreneur is an energetic, moderate risk
taker.
1964: Peter Drucker – entrepreneur maximizes opportunities.
12. Development of Entrepreneurship
Theory and the Term Entrepreneur
1975: Albert Shapero – entrepreneur takes initiative, organizes some
social and economic mechanisms and accepts risks of failure.
1980: Karl Vesper – entrepreneur seen differently by economists,
psychologists, business persons and politicians.
1983: Gifford Pinchot – intrapreneur is an entrepreneur in an already
established organization.
1985: Robert Hisrich – entrepreneurship is the process of creating
something different with value by devoting the necessary time
and effort; assuming the accompanying financial, psychological
and social risks; and receiving the resulting rewards of
monetary and personal satisfaction.
13. Earliest Period:
The Capitalist: a passive risk bearer
– The Merchant-adventurer: took the active
role in trading, bearing all the physical and
emotional risks.
– Marco Polo: a merchant-adventure who
traveled China.
– As a go-between Marco Polo would sign a
contract with the money person to sell his
goods.
– When the merchant-adventurer
successfully sold the goods and completed
the trip, the profits were divided.
14. Middle Ages:
–Entrepreneur: an ACTOR &
a MANAGER
–did not take any risks
–who managed large production projects
using the resources provided, usually by
the GOVERNMENT OF THE COUNTRY
15. 17th Century:
– Entrepreneur:
a contractual arrangement with government
to provide goods or services
– The CONTRACT PRICE was fixed.
– Resulting profit or losses were of the
entrepreneur’s.
– John Law, a Frenchman established a
ROYAL BANK (later on developed as
franchise)
– Richard Cantillon: RISK-TAKER
(a noted economist of 1700’s & founder of the term
entrepreneurship.)
16. 18th Century:
– Distinguished ENTREPRENEUR from
VENTURE CAPITALIST
– Venture Capitalist: a professional
money manager
Reasons for differentiation:
Industrialization occurring throughout
the world
Many inventions developed during
this time
– Inventor Tomas Edison: was unable
to finance invention himself
17. 19th and 20th Centuries:
Late 19th & earlier 20th century
– Viewed from an ECONOMIST’S PERSPECTIVE
– Entrepreneurs were not distinguished from
managers
Middle of 20th Century
– Entrepreneur as an INNOVATOR
- Andrew Carnegie is one of the best examples of this
definition
– He made the American steel industry one of the wonders
of the industrial world, preliminary through his
unremitting competitiveness rather than his
inventiveness or creativity
18. Entrepreneur as an innovator:
–an integral part of entrepreneurship
–the act of introducing something new
–the ability to create and conceptualize
–to understand all the forces at work in the
environment
–the history from Egyptians who designed and
built great pyramids out of stones blocks
weighing many tons each to the Apollo Lunar
module to laser beams
–Tools have changed with advances in science
and technology but the ability to innovate has
been present in every civilization
19. Decisions for a potential
Entrepreneur
Form New Enterprise
Desirable
1. Cultural
2. Sub-cultural
3. Family
4. Teachers
5. Peers
Possible
1. Government
2. Background
3. Marketing
4. Financing
5. Role models
Change from present lifestyle
Work environment
Disruption
20. Desirability of new venture
formation:
The perception that starting a new
company is desirable results from
an individual’s culture, subculture,
family, peers and teachers.
21. Possibility of new venture
formation:
Several factors contribute to the
creation of a new venture.
1. The Government
2. Formal education
3. Previous business experience
4. Marketing know how
5. A role model
6. Financial resources
22. Types of start - ups
Three categories
1. Life style firm
2. Foundation firm
3. High – potential venture
23. 1. Lifestyle Firm:
Privately held
Modest growth
Limited money devoted to R&D
Grow after several years to 30 or 40
employees
Annual revenues of about $2 million
Exists primarily to support owners
Little opportunity for significant
growth and expansion
24. 2. Foundation Company:
Created for R&D
Grows in 5 to 10 years from 40 to
400 employees
$10 million to $20 million in yearly
revenues
Rarely goes public
Draws the interest of private
investors only
25. 3. High Potential Venture:
Receives the greatest investment,
interest and publicity
Rapid growth
After 5 to 10 years could employ
about 500 employees
Revenues are $20 million to $30
million
Also called Gazelles
26. Role of entrepreneurship in
Economic Development
It involves initiating and constituting
change in the structure if business and
society (i-e innovation).
Innovation
Developing new stimulating investment
products (& services) interest in the new venture
for the market
Expanding the capacity Utilizing new capacity
for growth and output
(supply side) (demand side)
27. Product – Evaluation process:
The process through which innovation
develops and commercializes through
entrepreneurial activity, which in turn
stimulates economic growth.
Iterative (Repeating)synthesis:
The critical point in the product-evaluation
process is the intersection of knowledge
and a recognized social need, which
begins the product development phase.
This point is called iterative synthesis.
Ordinary innovations:
New products having little uniqueness and
technology
28. Technological innovations:
New products with significant technological
advancement
Regardless of its level of technology, each
innovation evolves into and develops into
commercialization through one of the
three mechanisms:
1. The government
2. Intrapreneurship or
3. Entrepreneurship
29. Government as an innovator
Govt. is one conduit for commercializing
the results of the synthesis of social need
and technology. This is frequently called
technology transfer.
Though the govt. has the financial
resources to transfer technology but it
faces the following problems:
– It lacks business skills
– Bureaucracy and red tape
30. Intrapreneurship
Entrepreneurship with in an existing
organization
It bridges the gap between science and
the marketplace.
Problems:-
– Bureaucratic structure
– Emphasis on short term profits
– Highly structured org inhibit creativity
In the present era of hyper competition
organizations need to develop the
intrapreneurial spirit.
31. Overall objectives for a Course
in Entrepreneurship
Understand the role of new and smaller
firms in the economy.
Understand the relative strengths and
weaknesses of different types of
enterprises.
Know the general characteristics of an
entrepreneurial process.
Assess the student’s own entrepreneurial
skills.
Understand the entrepreneurial process
and the product planning and
development process
32. Know alternative methods for identifying
and evaluating business opportunities and
the factors that support and inhibit
creativity
Develop an ability to form, organize and
work in interdisciplinary teams.
Know the general correlates of success
and failure in innovation and new venture
creation.
Know the generic entry strategies for new
venture creation.
Understand the aspects of creating and
presenting a new venture business plan.
Know how to identify, evaluate and obtain
resources.
33. Know the essentials of :
– Marketing planning
– Financial planning
– Operations planning
– Organization planning
– Venture launch planning
Know how to manage and grow a new
venture.
Know the managerial challenges and
demands of a new venture launch.
Understand the role of entrepreneurship in
existing organizations.
34. Types of Skills required in
Entrepreneurship
Technical skills
– Writing
– Oral communication
– Monitoring environment
– Technical business management
– Technology
– Interpersonal
– Listening
– Ability to organize
– Network building
– Management style
– Coaching
– Being a team player
35. Business management skills
– Planning and goal setting
– Decision making
– Human relations
– Marketing
– Finance
– Accounting
– Management
– Control
– Negotiation
– Venture launch
– Managing growth
Personal entrepreneurial skills
– Inner control
– Risk taker
37. The Future of Entrepreneurship
The term entrepreneurship means
different things to different people
In spite of differences, there are some
common aspects:
– Risk taking
– Creativity
– Independence and
– Rewards
Theses commonalities will continue to be
the driving force behind the notion of
entrepreneurship in the future
We are living in the age of entrepreneur,
38. with entrepreneurship endorsed by
educational institutions, governmental
units, society and corporations.
Entrepreneurship education has never
been so important in terms of courses and
academic research.
This increase in course offering has been
accompanied by an increase in academic
research, endowed chairs in the area,
entrepreneurship concentrations and
majors and centers of entrepreneurial
activity.
Various governments are taking an
increased interest in promoting the growth
of entrepreneurship.
39. Encouragement by the Federal and Local
governments should continue in the future
as more lawmakers understand that new
enterprises create jobs and increase
economic output in the area.
Society’s support is critical in providing
both motivation and public support.
The media has played and will continue to
play, a powerful constructive role by
reporting on the general entrepreneurial
spirit.
This media coverage uplifts the image of
the entrepreneur and growth companies,
and focuses on their contribution to
society.
40. Large companies will continue to have an
interest in their special form of
entrepreneurship – intrapreneurship – in
the future.
These companies will be increasingly
interested in capitalizing on their research
and development (R&D) in the hyper
competitive business environment today.