This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014

2. ENTREPRENEURIAL DECISIONS OR
DECISIONS FOR ENTREPRENEURIAL START-UP
Entrepreneurial decisions occurs despite recession, inflation, high interest
rate, lack of infrastructure, economic uncertainty etc. Each of these
decisions is personal human processes which, although unique, have some
common characteristics.
Decision-making is the core function of a manager that separates him from
any other worker. There are three categories of decision-making.
 Decision on the basis of facts, date and record
 Decision on the spot based on a gut call.
 Decision based on commitment and clarity.

3. Types of Decisions
Strategic Decisions – These decisions are the decisions that are
concerned with whole environment in which the firm operates, the entire
resources and the people who form the enterprise and the interface
between the two. These decisions are long term in nature. These are
normally concerned with the vision, mission and growth of the enterprise.
Operational Decisions – These are short term decisions that are needed
when physical assets are being acquired. These are involved material and
plant facilities, capability of the concern, recruitment of personnel etc.
Transactional Decisions – These are the decisions related to the day to
day transactions of an enterprise. It normally relates to those decisions
which are revenue in nature.

4. Intelligent Decisions – The decisions which taken for the benefit of the
enterprise. These decisions normally depend on facts and records,
previous experiences.
Situational Decisions – The decisions which are taken depending upon
the situations prevailed and existing inside and outside the enterprise.
The decisions can also be taken anticipating the growth of the enterprise.

5. Things to be consider before making a Decisions
 Inquiring about all possibilities
 Looking at immediate repercussions
 Examining the motivation of people suggesting something
 Priority of decisions
 Circumstances under which the decision is taken
 The opinion of others
 Taking the decisions at the right time
 Maintaining a balance between optimization in a particular
circumstance
 Looking at the bigger picture
 Facts and feelings of the people
 Advocating(supporting/encouraging) the decisions

6. The perception that starting a new company is desirable
results from an individual’s culture, sub-culture, teachers, family and
peers. A culture that values an individual who successfully creates a
new business will spawn more company information than one does
not.
Thus, entrepreneurial decisions has more bearing sociological,
cultural, sub-cultural, psychological and political environment, while
satisfaction and adequate rewards are the optimistic goals.

7.  The chaste bond of love between a brother and a sister is one of
the deepest and noblest of human emotions. 'Raksha Bandhan'
or 'Rakhi' is a special occasion to celebrate this emotional
bonding by tying a holy thread around the wrist.
 This thread, which pulsates with sisterly love and sublime
sentiments, is rightly called the ‘Rakhi’. It means 'a bond of
protection', and Raksha Bandhan
 The ritual is observed on the full moon day of the Hindu
month of Shravan, on which sisters tie the sacred Rakhi
string on their brothers' right wrists, and pray for their long
 Relationships are the essence of any festivity and it holds true
for any Indian festival.
 Raksha Bandhan is a celebration of one such relation - that of a
brother and a sister. This relationship is no where so celebrated
as in India. Raksha Bandhan is a festival which celebrates the
bond of affection between brothers and sisters. It is a day when
siblings pray for each others' well being and wish for each
others' happiness and goodwill.