The document discusses entrepreneurship and the role of entrepreneurs. It defines an entrepreneur as an innovator who carries out new combinations in an ever-changing environment and drives economic, social, and technological development. Entrepreneurs initiate businesses, organize resources, manage risks, and foster innovation. They understand market dynamics and search for opportunities to introduce changes and create new products/services.

1. ENTREPRENEURSHIP

2. He is an innovator; Carries new combinations in everchanging environment.
It processes economical, social and technological
development.
 A manager is one who manages all the resources to
match with the organizational needs.
The entrepreneurship is very a old concept according to
which any one who runs business is called an entrepreneur.

3. Model of Enterpreneur.
Business
Indivadual
Enterpreneur
Initiates
Organises
Manages controls
Risk taking
Innovator
Pools up resources

4. Countries economical development.
Possesses Skilles, knowledge, spirit of innovations.
Dynamic
activity
production,Business,
:Brings
new
change
in
Ideas,resources,new
market.
Entrepreneur is one who understands the market dynamics and
searches for change respond to it and exploit it as an opportunity

5. The word „entrepreneur‟ is derived from the French verb
„enterprendre‟. It means “to undertake”.
Around 1700 A.D. the term was used for architects and
contractor of public works
Oxford Dictionary :“A person who sets up a business or
businesses, taking on financial risks in the hope of profit.
International Encyclopedia :“An individual who bears the risk of
operating a business in the face of uncertainty about the future
conditions.

6. The history of entrepreneurship is important worldwide, even in
India.
Times the India :-trade and business
Indians were experts in smelting of metals such as brass and tin.
Kanishka Empire in the 1st century started nurturing Indian
entrepreneurs and traders.
Roman Empire

Portuguese

and then English .
From the 1950s until the 1980s, India followed socialist-inspired
policies.
The economy was shackled by extensive regulation, protectionism,
and public ownership, leading to corruption and slow growth.

7. The
history
of
entrepreneurship
is
important
worldwide, even in India.
Based on a simple division of labor.
The farmers cultivated the soil and tended cattle
Classes
of
people
weavers, goldsmiths, carpenters, potters, surgeons, etc.
called

17.  Entrepreneur is highly
Goal Oriented
Enthusiastic
Energetic

19. Ideas
Market strategies
Scan and select
Govt. rules

Selection on product and
Loc.(plant)
Budget and Capital
Selection on work force
Type of business organization

25. NEW
BUSINESS
VENTURING
INNOVATIONS
PROACTIVENESSES
SELFRENEWAL

26. POINTS
INTRAPRENEUR
ENTREPRENEUR
MANAGER
Goal
Management
Independent
,new
innovations
Independent :Starts
new businesses
Supervises
Status
Not Concerned
Not Concerned
Concerned
Risk
Moderate
Risk and Uncertain
No Risk
Rewards
Fixed ; may be
extra
Depending
Fixed
innovation
innovative
Very innovative
Manages Ideas
Decision
Making
Moderate
Very much Involved
Manages top
level decisions

27. 1
• IDENTIFIATION of opportunity
2
• EVALUATION of opportunity
3
• PREPARATION OF THE BUSINESS plan
4
• DETMINATION and Organizing resources
5
• Management of the ENTREPRISE

28. 1
• Changing the structure of business or society
2
• These changes increases growth & high O/P
3
• Innovation (new product, services, investment)
4
• Demand
6
• Awareness of product evolution process.
7
• Effects Economy (creating new products, JOBS)
8
• Creating Employment to people.
.
.
Supply

29. 1
• Lack of capital……….investment………
2
• Lack of technical knowledge…………….skills
3
• Economical BUSINESS CYCLES
4
• Non availability of RAW MATERIALS ….RESOURCES
5
• Government regulations
6
• Obsolescence of technology or IDEA
7
• Unstable/Unpredictable Market
8
• Globalization :Entry of new PRODUCTS
9
• Risk

30. Growth of Small Scale industries
EDP focuses on entrepreneurship
qualities
Provides Knowledge to solve PROBLEMS
& DIFFICULTIES

31. 1
• Lack of capital……….investment………
2
• Lack of technical knowledge…………….skills
3
• Economical BUSINESS CYCLES
4
• Non availability of RAW MATERIALS ….RESOURCES
5
• Government regulations
6
7
• Obsolescence of technology or IDEA
• Unstable/Unpredictable Market

32. 1
• Develop and Strengthen Entrepreneurial qualities
2
• ledge…………….skills
3
• Economical BUSINESS CYCLES
4
• Non availability of RAW MATERIALS ….RESOURCES
5
• Government regulations
6
7
• Obsolescence of technology or IDEA
• Unstable/Unpredictable Market