This is a ppt slide about a topic that is Characteristics of Entrepreneurship. I a student at KFUEIT RYK. I hope this will much help you in your studies

1. Characteristics of
Entrepreneurship
Submitted by: Muhammad Hashmi
Roll No: CS172010
Submitted to: Dr Engr Rashid Ur Rehman

2. ENTREPRENEURSHIP
Meaning
• Entrepreneurship is the ability and readiness to develop, organize and run a
business enterprise along with any of its uncertainties in order to make a profit.
• In other words, Entrepreneurship is a systematic, purposeful and creative
activity of identifying a need, mobilizing resources, and organizing production
with a view to delivering value to the customers.

3. ENTREPRENEURSHIP - CHARACTERISTICS
Creation of Enterprise
Entrepreneurship is a process
that refers to the creation and
running of a new enterprise.
It is an activity under which a
person called an entrepreneur
starts a new venture using a
new idea.
.

4. ENTREPRENEURSHIP - CHARACTERISTICS
Economic Activity
• Entrepreneurship is an economic
activity as it involves creating and
running a new business through
optimum utilization of all combined
resources.
• It ensures that all scarce resources
are efficiently used for better returns
in the form of profit.
.

5. ENTREPRENEURSHIP - CHARACTERISTICS
Innovation and Creativity
It is process of discovering new
ideas and concepts and
implementing them in business
ventures.
Entrepreneurship involves
bringing innovation in the
market by introducing new
products or process that delivers
better service.
.

6. ENTREPRENEURSHIP - CHARACTERISTICS
Risk Bearing
It is an activity which involves
huge risk which every
entrepreneur needs to undertake
for starting a venture.
New ideas developed and
implemented by the
entrepreneur are uncertain and
may result in losses.
.

7. ENTREPRENEURSHIP - CHARACTERISTICS
Gap Filling
• Entrepreneurship is a process of
recognizing and filling the gap
between customer needs and
available products or services.
• It focuses on removing the
deficiencies from the currently
available products to fulfill the
needs of customers.
.

8. ENTREPRENEURSHIP - CHARACTERISTICS
Organizing Function
• It is an organizing function that
brings together different factors of
production like land, labor, and
capital.
• Entrepreneurship is concerned
with managing all resources
engaged within the enterprise.
.

9. ENTREPRENEURSHIP - CHARACTERISTICS
Entrepreneurship Implies
Growth
• Entrepreneurship is about
growing a business and grab
opportunities as they arise.
• It’s not about standing still or
to stay in one market or with
one product.
.

10. ENTREPRENEURSHIP - CHARACTERISTICS
Goal Oriented
• Entrepreneurship is a goal-
oriented activity.
• Entrepreneurship create and
start a new venture with the
purpose of earning profits by
satisfying the needs of
customers.
.

11. ENTREPRENEURSHIP - CHARACTERISTICS
Flexible
Entrepreneurs should be flexible
and should change according to the
prevailing situations in the market.
Business should consider and bring
all required changes in their
products or service and when
required form time to time.
.