The document provides information about entrepreneurship and entrepreneurs. It defines an entrepreneur as someone who starts a business or businesses while taking on financial risks in hopes of making a profit. Entrepreneurs introduce new ideas and coordinate factors of production. The document contrasts entrepreneurs with managers, who operate existing businesses, and intrapreneurs, who are entrepreneurs within established organizations. It discusses the characteristics of successful entrepreneurs and the importance and benefits of entrepreneurship, such as providing innovation, economic growth, increased profits, and job opportunities. The document also profiles several successful pharmaceutical entrepreneurs in India.
The document discusses entrepreneurs, managers, and intrapreneurs. It defines entrepreneurs as individuals who take on financial risks to start new businesses in the hope of profits. Managers operate existing businesses and deal with day-to-day operations. Intrapreneurs are entrepreneurs within established organizations. The document also discusses the differences between entrepreneurs and managers, the process of entrepreneurship, and the importance and characteristics of entrepreneurs.
Intrapreneurship involves taking on an entrepreneurial role within a large company by developing new ideas and innovations. An intrapreneur is defined as an individual within an organization who takes responsibility for turning ideas into profitable products through risk-taking and innovation. Companies benefit from intrapreneurship through competitive advantages from new innovations that intrapreneurs bring to market. Intrapreneurs benefit through flexibility, recognition, increased value to the organization, and increased compensation. For intrapreneurship to succeed, companies must encourage creativity, grant ownership to intrapreneurs, and treat intrapreneurial teams as profit centers.
This document discusses different types of entrepreneurs and characteristics of entrepreneurship. It describes entrepreneurs as individuals who start new ventures and take on risks to bring innovation and change. The document outlines four types of entrepreneurships: small business, scalable startups, large companies, and social entrepreneurship. It then lists key characteristics successful entrepreneurs possess, such as the ability to take risks, being visionary and having leadership qualities, innovativeness, flexibility, and knowing their product well. The document provides an overview of what defines an entrepreneur and the different paths one can take.
The document discusses entrepreneurship and introduces key concepts:
1) Entrepreneurship is creating something new of value by devoting time and effort while accepting risks and potential rewards.
2) An entrepreneur actively starts and leads their own business to grow and prosper by recognizing opportunities and managing resources.
3) Entrepreneurship can lead to innovation, job creation, and economic growth through organizing resources and creating new products/services.
This document defines entrepreneurs and intrapreneurs, and discusses their common traits and skills. It states that entrepreneurs notice opportunities and mobilize resources to create new goods and services, while intrapreneurs do this within large companies. Common traits include being original thinkers, risk takers, and goal-oriented. Successful entrepreneurs are creative and innovative in creating new products, processes, and delivery. The document also discusses the importance of technical skills and strong management for entrepreneurs. It suggests that many entrepreneurial attributes are developed early in life through family environment and a desire for achievement and independence.
The document discusses various aspects of entrepreneurship including what entrepreneurship is, characteristics of entrepreneurs, advantages and disadvantages of being an entrepreneur, different forms of business ownership like sole proprietorship, partnership and corporations. It also talks about acquiring existing companies through bankruptcy, business brokers or networking. Key steps in starting a new company or acquiring an existing one are identified. The document concludes with lessons learned from experience and the importance of entrepreneurship programs at universities.
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan a business, managing growth pressures and family businesses, and corporate intrapreneurship. Entrepreneurs take initiative to start new businesses and notice opportunities to create new products/services. They tend to be self-confident risk takers with a drive for independence. Effective planning including market research and financial projections is key. As businesses grow, more formal processes are needed. Family businesses require clear roles and conflict resolution to succeed long term. Large companies encourage intrapreneurs who innovate from within.
The document discusses entrepreneurs, managers, and intrapreneurs. It defines entrepreneurs as individuals who take on financial risks to start new businesses in the hope of profits. Managers operate existing businesses and deal with day-to-day operations. Intrapreneurs are entrepreneurs within established organizations. The document also discusses the differences between entrepreneurs and managers, the process of entrepreneurship, and the importance and characteristics of entrepreneurs.
Intrapreneurship involves taking on an entrepreneurial role within a large company by developing new ideas and innovations. An intrapreneur is defined as an individual within an organization who takes responsibility for turning ideas into profitable products through risk-taking and innovation. Companies benefit from intrapreneurship through competitive advantages from new innovations that intrapreneurs bring to market. Intrapreneurs benefit through flexibility, recognition, increased value to the organization, and increased compensation. For intrapreneurship to succeed, companies must encourage creativity, grant ownership to intrapreneurs, and treat intrapreneurial teams as profit centers.
This document discusses different types of entrepreneurs and characteristics of entrepreneurship. It describes entrepreneurs as individuals who start new ventures and take on risks to bring innovation and change. The document outlines four types of entrepreneurships: small business, scalable startups, large companies, and social entrepreneurship. It then lists key characteristics successful entrepreneurs possess, such as the ability to take risks, being visionary and having leadership qualities, innovativeness, flexibility, and knowing their product well. The document provides an overview of what defines an entrepreneur and the different paths one can take.
The document discusses entrepreneurship and introduces key concepts:
1) Entrepreneurship is creating something new of value by devoting time and effort while accepting risks and potential rewards.
2) An entrepreneur actively starts and leads their own business to grow and prosper by recognizing opportunities and managing resources.
3) Entrepreneurship can lead to innovation, job creation, and economic growth through organizing resources and creating new products/services.
This document defines entrepreneurs and intrapreneurs, and discusses their common traits and skills. It states that entrepreneurs notice opportunities and mobilize resources to create new goods and services, while intrapreneurs do this within large companies. Common traits include being original thinkers, risk takers, and goal-oriented. Successful entrepreneurs are creative and innovative in creating new products, processes, and delivery. The document also discusses the importance of technical skills and strong management for entrepreneurs. It suggests that many entrepreneurial attributes are developed early in life through family environment and a desire for achievement and independence.
The document discusses various aspects of entrepreneurship including what entrepreneurship is, characteristics of entrepreneurs, advantages and disadvantages of being an entrepreneur, different forms of business ownership like sole proprietorship, partnership and corporations. It also talks about acquiring existing companies through bankruptcy, business brokers or networking. Key steps in starting a new company or acquiring an existing one are identified. The document concludes with lessons learned from experience and the importance of entrepreneurship programs at universities.
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan a business, managing growth pressures and family businesses, and corporate intrapreneurship. Entrepreneurs take initiative to start new businesses and notice opportunities to create new products/services. They tend to be self-confident risk takers with a drive for independence. Effective planning including market research and financial projections is key. As businesses grow, more formal processes are needed. Family businesses require clear roles and conflict resolution to succeed long term. Large companies encourage intrapreneurs who innovate from within.
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan a business, managing growth pressures and family businesses, and corporate intrapreneurship. Entrepreneurs take initiative to start new businesses and notice opportunities to create new products/services. They are often risk-takers and self-motivated. Planning a business thoroughly is important. As companies grow, entrepreneurs may feel pressure to formalize processes. Managing family businesses requires clear responsibilities and conflict resolution. Intrapreneurs innovate within large companies.
Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services. Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.
This document provides an overview of entrepreneurship and key entrepreneurial concepts. It defines entrepreneurship and differentiates between entrepreneurs and businessmen. It discusses the roles and social responsibilities of entrepreneurs toward customers, society, suppliers, staff, competitors, and country. The document also examines the personal traits and competencies of successful entrepreneurs, including personal initiative, seizing opportunities, endurance, being an information seeker, commitment, efficiency, systematic planning, creative problem solving, self-confidence, assertion, and power/authority. Finally, it introduces e-business, distinguishing it from e-commerce, and discusses online marketing communication tools like direct email marketing and online catalogs.
This document provides an overview of entrepreneurship and entrepreneurial competencies. It defines key terms like entrepreneur, entrepreneurship, and the differences between entrepreneurs and businessmen. It discusses theories around entrepreneurship from scholars like Adam Smith, Jean-Baptiste Say, and David McClelland. The roles and social responsibilities of entrepreneurs toward customers, society, suppliers, staff, competitors and country are outlined. Personal traits of successful entrepreneurs are explored, including personal initiative, seizing opportunities, endurance, being an information seeker, commitment, efficiency and more.
The document defines entrepreneurship and describes the characteristics and skills of successful entrepreneurs. It discusses different types of entrepreneurs, theories of entrepreneurship, and the entrepreneurship process. Some key points are: Entrepreneurship involves creating value and wealth through risk. Successful entrepreneurs are passionate, innovative, visionary, and able to take risks. The entrepreneurship process begins with idea generation and progresses through evaluation, planning, resource organization, and managing the enterprise.
The document provides an introduction to entrepreneurship, defining key terms like entrepreneurship, entrepreneur, and the entrepreneurial process. It discusses how entrepreneurship involves creating something new of value by committing time/effort while accepting risks and rewards. The entrepreneurial process has four stages - identifying opportunities, developing a business plan, acquiring resources, and managing the enterprise. The role of entrepreneurship in economic growth is also outlined, such as increasing output, innovation, job creation, and strengthening the private sector. Both the benefits and drawbacks of entrepreneurship are explained.
Concept of Entrepreneurship
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. The most prominent
example of entrepreneurship is the starting of new businesses.
What Is Entrepreneurship
In economics, entrepreneurship connected with land, labour, natural resources and capital
can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and
is an indispensable part of a nation’s capacity to succeed in an ever-changing and more
competitive global marketplace.
Meaning of Entrepreneur
The entrepreneur is defined as someone who has the ability and desire to establish,
administer and succeed in a startup venture along with risk entitled to it, to make profits. The
best example of entrepreneurship is the starting of a new business venture. The
entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas
in the market by replacing old with a new invention.
It can be classified into small or home business to multinational companies. In economics, the
profits that an entrepreneur makes is with a combination of land, natural resources, labour
and capital.
In a nutshell, anyone who has the will and determination to start a new company and deals
with all the risks that go with it can become an Entrepreneur.
What are the 4 Types of Entrepreneurship?
It is classified into the following types:
Small Business EntrepreneurshipThese businesses are a hairdresser, grocery store, travel agent, consultant, carpenter,
plumber, electrician, etc. These people run or own their own business and hire family
members or local employee. For them, the profit would be able to feed their family and not
making 100 million business or taking over an industry. They fund their business by taking
small business loans or loans from friends and family.
Scalable Startup EntrepreneurshipThis start-up entrepreneur starts a business knowing that their vision can change the world.
They attract investors who think and encourage people who think out of the box. The research
focuses on a scalable business and experimental models, so, they hire the best and the
brightest employees. They require more venture capital to fuel and back their project or
business.
Large Company EntrepreneurshipThese huge companies have defined life-cycle. Most of these companies grow and sustain by
offering new and innovative products that revolve around their main products. The change in
technology, customer preferences, new competition, etc., build pressure for large companies
to create an innovative product and sell it to the new set of customers in the new market. To
cope with the rapid technological changes, the existing organisations either buy innovation
enterprises or attempt to construct the product internally.
Soci
This document discusses various topics related to entrepreneurship including what constitutes an entrepreneur, characteristics of successful entrepreneurs, planning a business, and managing growth. It notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, while intrapreneurs do this within large companies. Successful entrepreneurs tend to be innovative, position themselves in new markets, and create new products/processes, while unsuccessful ones are poor managers with low work ethics. Planning, technical skills, managerial competence, and personal attributes like achievement and independence are keys to entrepreneurial success. Managing business growth and going global can compromise an entrepreneur's control but increase financial returns through formalization. Around half of US GDP comes from family businesses, which require special consideration to balance family
This document outlines the syllabus for the course "Entrepreneurship Development (II Year / III Sem)" including 4 units: 1) Entrepreneurial Competence, 2) Entrepreneurial Environment, 3) Business Plan Preparation, and 4) Management of Small Business. It provides notes on key topics within Unit 1 including definitions of entrepreneur and entrepreneurship, types of entrepreneurs, distinguishing entrepreneurs from managers, and characteristics of successful entrepreneurs.
The document discusses various topics related to entrepreneurship including what entrepreneurs are, their common characteristics, how to plan to become an entrepreneur, challenges of business growth, managing a family business, and corporate intrapreneurship. Specifically, it notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, they often have traits like risk-taking and self-confidence, planning involves considering one's motivations and market research, and growing businesses requires more formal structures while intrapreneurs can foster innovation within companies.
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan to become an entrepreneur, dealing with business growth pressures, managing a family business, and corporate intrapreneurship. Specifically, it notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, they often have traits like risk-taking and self-confidence, planning involves considering your motivations, market research, and costs, and growing businesses often require more formal structures while intrapreneurs can drive innovation within large companies.
People started businesses for all manner of reasons during the pandemic, from economic necessity to the growth of newer industries to simply having extra time during a lockdown. Some data indicate people also left their jobs during the pandemic to start businesses amid massive labor turnover and demands for increased wages in industries like retail and hospitality.
Entrepreneurship involves starting a business and taking on risk for potential reward. Successful entrepreneurs have traits like independence, self-confidence, and achievement motivation. Careful planning is needed regarding one's motivations, market research, costs, and whether to start or buy a business. As companies grow, entrepreneurs may feel pressure to formalize operations for focus and returns, which can compromise the entrepreneurial spirit. Managing family businesses or becoming an intrapreneur within a company also have challenges in avoiding conflicts and allowing innovation to flourish.
This document defines entrepreneurship and describes the key aspects of starting a business. It defines an entrepreneur as someone who organizes a business venture to take advantage of an opportunity. There are different types of entrepreneurs, including idealists, optimizers, hard workers, jugglers, and sustainers. The document also outlines characteristics of successful entrepreneurs like being a hard worker, risk taker, and innovator. It discusses the importance of developing a business model and business plan. A business model shows how a business makes money while a plan provides details on goals, operations, management, and finances.
The document discusses various topics related to entrepreneurship including the concept and development of entrepreneurship, challenges faced by entrepreneurs, functions and types of entrepreneurs, characteristics of successful entrepreneurs, entrepreneurial opportunities, the role of innovation, why motivation is important, what motivates entrepreneurs, and the difference between entrepreneurs and intrapreneurs. It notes that entrepreneurship involves starting an economic activity for self-employment and creating value by recognizing business opportunities. It outlines common challenges faced such as marketing, production, financial, and human resource issues.
This document discusses various topics related to entrepreneurship including what defines entrepreneurs and intrapreneurs, characteristics of successful entrepreneurs, planning a business, and challenges of business growth and managing family businesses. Key points covered include:
- Entrepreneurs notice opportunities and mobilize resources to create new products/services, while intrapreneurs do this within large companies.
- Common traits of successful entrepreneurs include being original thinkers, risk takers, and having technical skills and strong planning abilities.
- As businesses grow, entrepreneurs often feel pressure to formalize processes to facilitate focus, organization and profits, though this may compromise their entrepreneurial spirit.
- Managing family businesses poses challenges as families and friends can fight, especially over money
‘Let me tell you about the importance of Entrepreneurialism, and how vital it is to your success’ says Stephen Taylor, casually sipping on what just might be the world’s largest cup of coffee
The benefits of entrepreneurship extend beyond the businesses they establish. Entrepreneurs improve the lives of individuals and communities, as well as the overall economy. Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.
The document provides an overview of entrepreneurship, including defining entrepreneurs and intrapreneurs. It discusses key personal attributes of successful entrepreneurs like independence, self-confidence, and technical skills. It also covers challenges of growth pressures as a business expands, managing family businesses, and fostering intrapreneurship within large corporations. Small business advantages include feeling important, but disadvantages are lower pay and benefits. Entrepreneurs go through phases from informal startups to more structured organizations as they grow.
The document provides an overview of entrepreneurship and key concepts:
1. It defines entrepreneurship as starting a business to undertake risks and create wealth, and discusses different views including innovating through new products/markets.
2. Entrepreneurship is distinguished from small business in that it creates substantial, rapid wealth through innovation and high risk.
3. Successful entrepreneurs exhibit characteristics like seeing opportunities, independence, hard work, self-confidence, and accepting risk to achieve their goals.
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan a business, managing growth pressures and family businesses, and corporate intrapreneurship. Entrepreneurs take initiative to start new businesses and notice opportunities to create new products/services. They are often risk-takers and self-motivated. Planning a business thoroughly is important. As companies grow, entrepreneurs may feel pressure to formalize processes. Managing family businesses requires clear responsibilities and conflict resolution. Intrapreneurs innovate within large companies.
Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services. Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.
This document provides an overview of entrepreneurship and key entrepreneurial concepts. It defines entrepreneurship and differentiates between entrepreneurs and businessmen. It discusses the roles and social responsibilities of entrepreneurs toward customers, society, suppliers, staff, competitors, and country. The document also examines the personal traits and competencies of successful entrepreneurs, including personal initiative, seizing opportunities, endurance, being an information seeker, commitment, efficiency, systematic planning, creative problem solving, self-confidence, assertion, and power/authority. Finally, it introduces e-business, distinguishing it from e-commerce, and discusses online marketing communication tools like direct email marketing and online catalogs.
This document provides an overview of entrepreneurship and entrepreneurial competencies. It defines key terms like entrepreneur, entrepreneurship, and the differences between entrepreneurs and businessmen. It discusses theories around entrepreneurship from scholars like Adam Smith, Jean-Baptiste Say, and David McClelland. The roles and social responsibilities of entrepreneurs toward customers, society, suppliers, staff, competitors and country are outlined. Personal traits of successful entrepreneurs are explored, including personal initiative, seizing opportunities, endurance, being an information seeker, commitment, efficiency and more.
The document defines entrepreneurship and describes the characteristics and skills of successful entrepreneurs. It discusses different types of entrepreneurs, theories of entrepreneurship, and the entrepreneurship process. Some key points are: Entrepreneurship involves creating value and wealth through risk. Successful entrepreneurs are passionate, innovative, visionary, and able to take risks. The entrepreneurship process begins with idea generation and progresses through evaluation, planning, resource organization, and managing the enterprise.
The document provides an introduction to entrepreneurship, defining key terms like entrepreneurship, entrepreneur, and the entrepreneurial process. It discusses how entrepreneurship involves creating something new of value by committing time/effort while accepting risks and rewards. The entrepreneurial process has four stages - identifying opportunities, developing a business plan, acquiring resources, and managing the enterprise. The role of entrepreneurship in economic growth is also outlined, such as increasing output, innovation, job creation, and strengthening the private sector. Both the benefits and drawbacks of entrepreneurship are explained.
Concept of Entrepreneurship
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. The most prominent
example of entrepreneurship is the starting of new businesses.
What Is Entrepreneurship
In economics, entrepreneurship connected with land, labour, natural resources and capital
can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and
is an indispensable part of a nation’s capacity to succeed in an ever-changing and more
competitive global marketplace.
Meaning of Entrepreneur
The entrepreneur is defined as someone who has the ability and desire to establish,
administer and succeed in a startup venture along with risk entitled to it, to make profits. The
best example of entrepreneurship is the starting of a new business venture. The
entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas
in the market by replacing old with a new invention.
It can be classified into small or home business to multinational companies. In economics, the
profits that an entrepreneur makes is with a combination of land, natural resources, labour
and capital.
In a nutshell, anyone who has the will and determination to start a new company and deals
with all the risks that go with it can become an Entrepreneur.
What are the 4 Types of Entrepreneurship?
It is classified into the following types:
Small Business EntrepreneurshipThese businesses are a hairdresser, grocery store, travel agent, consultant, carpenter,
plumber, electrician, etc. These people run or own their own business and hire family
members or local employee. For them, the profit would be able to feed their family and not
making 100 million business or taking over an industry. They fund their business by taking
small business loans or loans from friends and family.
Scalable Startup EntrepreneurshipThis start-up entrepreneur starts a business knowing that their vision can change the world.
They attract investors who think and encourage people who think out of the box. The research
focuses on a scalable business and experimental models, so, they hire the best and the
brightest employees. They require more venture capital to fuel and back their project or
business.
Large Company EntrepreneurshipThese huge companies have defined life-cycle. Most of these companies grow and sustain by
offering new and innovative products that revolve around their main products. The change in
technology, customer preferences, new competition, etc., build pressure for large companies
to create an innovative product and sell it to the new set of customers in the new market. To
cope with the rapid technological changes, the existing organisations either buy innovation
enterprises or attempt to construct the product internally.
Soci
This document discusses various topics related to entrepreneurship including what constitutes an entrepreneur, characteristics of successful entrepreneurs, planning a business, and managing growth. It notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, while intrapreneurs do this within large companies. Successful entrepreneurs tend to be innovative, position themselves in new markets, and create new products/processes, while unsuccessful ones are poor managers with low work ethics. Planning, technical skills, managerial competence, and personal attributes like achievement and independence are keys to entrepreneurial success. Managing business growth and going global can compromise an entrepreneur's control but increase financial returns through formalization. Around half of US GDP comes from family businesses, which require special consideration to balance family
This document outlines the syllabus for the course "Entrepreneurship Development (II Year / III Sem)" including 4 units: 1) Entrepreneurial Competence, 2) Entrepreneurial Environment, 3) Business Plan Preparation, and 4) Management of Small Business. It provides notes on key topics within Unit 1 including definitions of entrepreneur and entrepreneurship, types of entrepreneurs, distinguishing entrepreneurs from managers, and characteristics of successful entrepreneurs.
The document discusses various topics related to entrepreneurship including what entrepreneurs are, their common characteristics, how to plan to become an entrepreneur, challenges of business growth, managing a family business, and corporate intrapreneurship. Specifically, it notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, they often have traits like risk-taking and self-confidence, planning involves considering one's motivations and market research, and growing businesses requires more formal structures while intrapreneurs can foster innovation within companies.
This document discusses various aspects of entrepreneurship including what entrepreneurs are, their common characteristics, how to plan to become an entrepreneur, dealing with business growth pressures, managing a family business, and corporate intrapreneurship. Specifically, it notes that entrepreneurs notice opportunities and mobilize resources to create new products/services, they often have traits like risk-taking and self-confidence, planning involves considering your motivations, market research, and costs, and growing businesses often require more formal structures while intrapreneurs can drive innovation within large companies.
People started businesses for all manner of reasons during the pandemic, from economic necessity to the growth of newer industries to simply having extra time during a lockdown. Some data indicate people also left their jobs during the pandemic to start businesses amid massive labor turnover and demands for increased wages in industries like retail and hospitality.
Entrepreneurship involves starting a business and taking on risk for potential reward. Successful entrepreneurs have traits like independence, self-confidence, and achievement motivation. Careful planning is needed regarding one's motivations, market research, costs, and whether to start or buy a business. As companies grow, entrepreneurs may feel pressure to formalize operations for focus and returns, which can compromise the entrepreneurial spirit. Managing family businesses or becoming an intrapreneur within a company also have challenges in avoiding conflicts and allowing innovation to flourish.
This document defines entrepreneurship and describes the key aspects of starting a business. It defines an entrepreneur as someone who organizes a business venture to take advantage of an opportunity. There are different types of entrepreneurs, including idealists, optimizers, hard workers, jugglers, and sustainers. The document also outlines characteristics of successful entrepreneurs like being a hard worker, risk taker, and innovator. It discusses the importance of developing a business model and business plan. A business model shows how a business makes money while a plan provides details on goals, operations, management, and finances.
The document discusses various topics related to entrepreneurship including the concept and development of entrepreneurship, challenges faced by entrepreneurs, functions and types of entrepreneurs, characteristics of successful entrepreneurs, entrepreneurial opportunities, the role of innovation, why motivation is important, what motivates entrepreneurs, and the difference between entrepreneurs and intrapreneurs. It notes that entrepreneurship involves starting an economic activity for self-employment and creating value by recognizing business opportunities. It outlines common challenges faced such as marketing, production, financial, and human resource issues.
This document discusses various topics related to entrepreneurship including what defines entrepreneurs and intrapreneurs, characteristics of successful entrepreneurs, planning a business, and challenges of business growth and managing family businesses. Key points covered include:
- Entrepreneurs notice opportunities and mobilize resources to create new products/services, while intrapreneurs do this within large companies.
- Common traits of successful entrepreneurs include being original thinkers, risk takers, and having technical skills and strong planning abilities.
- As businesses grow, entrepreneurs often feel pressure to formalize processes to facilitate focus, organization and profits, though this may compromise their entrepreneurial spirit.
- Managing family businesses poses challenges as families and friends can fight, especially over money
‘Let me tell you about the importance of Entrepreneurialism, and how vital it is to your success’ says Stephen Taylor, casually sipping on what just might be the world’s largest cup of coffee
The benefits of entrepreneurship extend beyond the businesses they establish. Entrepreneurs improve the lives of individuals and communities, as well as the overall economy. Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.
The document provides an overview of entrepreneurship, including defining entrepreneurs and intrapreneurs. It discusses key personal attributes of successful entrepreneurs like independence, self-confidence, and technical skills. It also covers challenges of growth pressures as a business expands, managing family businesses, and fostering intrapreneurship within large corporations. Small business advantages include feeling important, but disadvantages are lower pay and benefits. Entrepreneurs go through phases from informal startups to more structured organizations as they grow.
The document provides an overview of entrepreneurship and key concepts:
1. It defines entrepreneurship as starting a business to undertake risks and create wealth, and discusses different views including innovating through new products/markets.
2. Entrepreneurship is distinguished from small business in that it creates substantial, rapid wealth through innovation and high risk.
3. Successful entrepreneurs exhibit characteristics like seeing opportunities, independence, hard work, self-confidence, and accepting risk to achieve their goals.
Similar to enterpreneurfinal-191030113922.pdf (20)
2. Entrepreneur work comes form FRENCH origin
meaning “ to undertake”
Entrepreneur take initiation for profits
Entrepreneur
Brand Business
Trademark
3. Entrepreneur
An entrepreneur is a person who searches
for changes and responds to it by
starting a enterprise.
Who setup a business or a set of business
for taking financial risk in the hope of
profits.
An entrepreneur introduce new idea,
carries new activities, co-ordinates the
factor of production and describes now
business should run.
Entrepreneur
(Person)
Entrepreneurship
(Process)
Enterprise
(Outcome)
4. MANAGER
A manager is one who deals with day to day affair of a going concern and
operates in a existing enterprise.
A manager used entrepreneur skill in order to manage changes and
innovation of effectively deals with uncertain external environment of
business.
INTRAPRENEUR
A intrapreneur is an entrepreneur with in an already established
organization. This term is used to represent the new breed of co-
operate entrepreneur, we can also call as internal entrepreneur.
They are creative and innovative people working with in the framework of
organization
How entrepreneur is differ form manager and
intrapreneur
5. DIFFERENCE BETWEEN ENTERPRENEUR AND MANAGER
S.N
.
ENTREPRENEUR MANAGER
1 Set up a new venture Only runs an existing unit
2 Entrepreneur is another name of
innovation who work to find new
method & products etc.
An employee of business
organization. He cannot operate
independently
3 He takes calculated risks and he is
responsible for failure and financial
He takes less risks as compare to
entrepreneur
4 He starts & run his venture
independently. He self employed &
he is own BOSS
He cannot be an innovator. He
deals with the day to day affairs of
going concern.
5 He is motivated by profits and he
may even suffer loss.
He is motivated by rewards or
incentive. His salary cannot be
negative.
6. Entrepreneurship
The activities one by an entrepreneur for setting up a
business or set of business, taking on financial calculated
risk in the hope of profits
ENTERPRENEURSHIP
ACTIVITY
PERFORM BY
ENTERPRENEUR
CREATIVITY THOUGHT
PROCESS
Entrepreneur give some idea or transformational information that boost the business
to the next level
7. WHY ENTERPRENEURSHIP..?/ Rewards of
Entrepreneurship
Being your own boss
Doing something you enjoy
Being creative
Setting your own schedule
Having job security
Making more money
Being recognized in the community
Work satisfaction
8. Characteristic of an entrepreneur
ENTREPRENEUR
Self starter
Determination
Creative
Self confidence
Discipline
Passion
Action oriented
leadership
Endless curiosity
Risk taking
Winning
performance
Goal oriented
Open minded
competitive
Visionary
9. Key point that only important for an
entrepreneur
CREATIVTY INNOVATION
Ability to make
something new
Moving from known
to Unknown
It should be based on
future disruptive
projection
State of mind that
come change 100%
11. FUTURE DISRUPTIVE PROJECTION eg. 1
1900-1910
radio
1920- TV (PICTURE
RADIO)
CRT- Cathode ray
tube
CCRT- Color
cathode ray tube
PDP- plasma
display panel
OLED- Organic
light emitting diode
LED- Light
emitting diode
LCD- Liquid
crystal display
12. FUTURE DISRUPTIVE PROJECTION eg. 2
1940-60 Telephone
Trunk call
Radio common
carrier
Rotatory dial
telephone
Fixed analog phone
Portable cordless
phone
1990 mobile phone
2004 blackberry
add Email
2002 cemra phone
@ 0.3 mp
1996 phone with
watch/calender
2005 walkman
phone
13. Self discovery (Strength/ weakness)
Generating & evaluating idea (experiences/discussion) SWOT analysis
Identify opportunities (need/ want)
Growth (Expansion of business)
Planning (Research/Plan/Strategies)
Starting up Capital (required capital)
Start-up (Lunching)
Harvest (advantage of all above )
PROCESS OF ENTERPRENEURSHIP
14. Life line of the nation
Provide innovation
Growth of economy
Increase profits
Employment opportunity
IMPORTANCE OF ENTREPRENEURSHIP
15. Life line of the nation
An enterprise
manufacturing
the product
Product in
market/
selling/earning
Produced taxes
Generate
revenue
Developed
economy/ nation
grow
16. Provide innovation
Ability to be
creative
Ability to spot the
opportunities
Innovation
Invention
SUCCESSFUL DEVELOPMENT
OF ENTERPRISE
17. Entrepreneur
Developed their own
business and earn high profit
•No fixed money
•No earning limit
Serviceman
Work with in an organization
•Fixed money
•Earning limit
Increase Profits
19. REASON BEHIND SUCCESS OF ANY BUSINESS
• Customer need is food for your growth factory
• Create pipeline of promising idea
• Pilot experimentation & validation
• Commercialization launch & Ramp up
• Improvement cycle
1. They focus on customer need
2. Not on technology, manpower, process,
facility
1. Team for encouraging to
ask/discussion
1. Pilot scale-up / small proto type test
2. Experiment/validate/reaction/ feed back
1. Implement on large scale
2. Create network/ distributor/partner/
dealers
3. Create supply chain
AGILITY STABILITY SUCCESS
Implement of concept of 5P
Price/People/Product/
Process/Promotional
20. Pharmaceutical entrepreneur
In the past decade and a half, two very different sectors of the
Indian economy have generated enormous wealth and thrown
up a record number of billionaires. One of these is the software
services industry and other, the pharmaceutical and healthcare
sector.
FIRM 2005-2015 2020 (EXPECTED)
Industry Moving up from $6 billion to
over $12 billion in revenues.
Expected to be $55
billion
Hospital - or
healthcare
$100 billion by the end of 2015 $280 billion by 2020.
21. In March this year, the phenomenal rise of the pharmaceutical sector in
India was hammered home when Dilip Shanghvi, the mild
mannered and low key founder of Sun Pharma, found himself in the
spotlight for having become the richest man in the country,
displacing Mukesh Ambani of Reliance Industries.
Singh brothers of the Fortis healthcare chain, who sold Pharma firm
Ranbaxy to Dilip Shanghvi.
The Reddy family of Dr Reddy's Laboratories,
Dr Prathap Reddy of Apollo Hospitals,
Deshbandhu Gupta of Lupin,
Y.K. Hamied of Cipla,
Cyrus Poonawala of Serum institute
Kiran Mazumdar-Shaw of Biocon,
23. COMPANY NAME FOUNDER COMPANY NAME
ALKEM
LABOLATORIES
Samprada Singh
AUROBINDO P.V. Ramaprasad Reddy
Biocon Kiran Mazumdar-Shaw
Serum institute Poonawala
24. Founder Jeff bezos
library online submit
1995
First Launch E.Com
platform for selling
book online
Founder (2007)
Sachin Bansal/ Binny
Bansal
Founder (2009)
Garrett Camp
Founder (2010)
Rohit Bansal / Kunal
Bahl
Out of box thinking
Traditional work + new
technology = innovation
Generate
employment
observed day to
day problem of
people
Simply change
the lifestyle
25. You never become a rich,
until you sell your time
You will,
when you buy the time