Entrepreneurial Development - Meaning, Definition, Types, Characteristics, Importance, Process and characteristics of Successful Entrepreneurship

1. Entrepreneurial Development

3. Definition
 “Entrepreneurship is a series of learning
activities which focus on the central
functions of managing a firm”.
- Cunningham and Lischeron

4. 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.

5. Types of Entrepreneurship
 1 Small Business Entrepreneurship
 2. Scalable Startup Entrepreneurship
 3. Large Company Entrepreneurship
 4. Social Entrepreneurship

6. Characteristics of Entrepreneurship:
 Ability to take a risk
 Innovation
 Visionary and Leadership quality
 Open-Minded
 Flexible
 Know your Product

7. Importance of Entrepreneurship
 Creation of Employment
 Impact on Society and Community
Development
 Increase Standard of Living
 Supports research and development

8. Entrepreneurial Process

9. Characteristics of Successful
Entrepreneurs
 1. Curiosity
 2. Structured Experimentation
 3.Adaptability
 4. Decisiveness
 5.Team Building
 6. RiskTolerance
 7.Comfortable with Failure
 8. Persistence
 9. Innovation
 10. Long-Term Focus