Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
2. CONTENTS
The entrepreneur
French word origin
Entrepreneurship
What is an opportunity???
The entrepreneurial mindset
Masteries for an entrepreneur
Traits of an entrepreneur: d’s
Traits of an entrepreneur: f’s
Forms of entrepreneurship
Three competencies of the complete entrepreneur
3.
4. Dhirajlal Hirachand Ambani
The Reliance Industries that is the home to such a large population in India, was founded by him
along with his cousin.
5. Ratan Naval Tata
Ratan Naval Tata is an Indian industrialist, investor and a former chairman of Tata Sons who serves
as its chairman emeritus.
6. Nagavara Ramarao Murthy
Nagavara Ramarao Murthy is an Indian IT industrialist and the co-founder of Infosys, a multinational
corporation providing business consulting, technology, engineering, and outsourcing services.
7.
8. THE ENTREPRENEUR
THE BOSS
THE BUSINESS OWNER
THE RISK TAKER
ONE WHO STARTS A NEW BUSINESS
THE RESOURCEFUL GUY
A person who sets up a business or businesses, taking on financial
risks in the hope of profit.
11. WHAT IS AN OPPORTUNITY???
A time or set of
circumstances that makes it
possible to do something.
In a Business Sense, it is an
Idea that has Commercial
Potential.
-Something you can make
money with, develop a
business around it , or
create value with it.
12. THE ENTREPRENEURIAL MINDSET
Opportunity seizing
- To do something
Opportunity Screening
- Return Investment
Opportunity Seeking
- attempt to find something.
13. Opportunity Seizing
"Entrepreneurship is the process of seizing opportunity,
innovating, providing value, acquiring resources, managing risks,
and reaping benefits within the context of ethical determination."
14. Opportunity Screening
Do I have the drive to pursue this opportunity to the end?
Will I spend all my time, effort, and money to make the
business opportunity work?
Will I sacrifice my existing lifestyle, endure emotional
hardship, and forego my usual comforts to succeed in this
business opportunity?
15. Opportunity Seeking
The ongoing process of considering, evaluating, and pursuing
market-based activities that are believed to be advantageous for
the firm. Prior experience informs the process, but it may also limit
it: opportunity seeking calls for continuous reconsideration and
adaptive learning.
16. MASTERIES FOR AN ENTREPRENEUR
• Mastery Of Self
2
• Mastery of The
Enterprise3
1
• Mastery of Opportunity
20. REASONS WHY DO WE NEED
ENTREPRENEURS???
o 90% of the World’s Jobs are Created By Entrepreneurs.
o Problem Solvers
o Source of New Products and Innovation.
o It’s the Entrepreneurs not the Central Bank that keeps the
ECONOMY moving.
21. THREE COMPETENCIES OF THE
COMPLETE ENTREPRENEUR
Originator
Operator Organizer
IMPLEMENTER