This document defines entrepreneurship and the role of entrepreneurs. It states that entrepreneurship is a process of establishing a new enterprise that involves innovation and risk-taking. An entrepreneur is defined as someone who converts new ideas into successful businesses or innovations. Entrepreneurship refers to the functions performed by entrepreneurs in starting up and managing a business. Examples are then given of successful entrepreneurs who built large companies like Reliance Industries, Microsoft, Infosys, Biocon, Berkshire Hathaway, Apple through their vision, innovation and risk-taking.

1. ENTREPRENEURSHIP IS A PROCESS OF
GIVING BIRTH TO AN ENTERPRISE
Rajath K
II MBA
Sec B
BIMS

2. Who is an entrepreneur?
 “An entrepreneur is a person who is willing and able to
convert a new idea or invention into a successful
innovation.”
-Joseph Schumpeter
 Entrepreneur is the person responsible for setting up a
business or an enterprise.
 He takes the initiative, is innovative, who takes risks
and looks for high achievements.
 He is a change agent who puts up new projects that
create wealth, open up employment opportunities and
leads to the growth of the sector.

3. Entrepreneurship can be defined…
 “Entrepreneurship is based on purposeful and systematic
innovation. It includes not only the independent
businessman but also company directors and managers
who actually carryout innovative functions.”
- Joseph Schumpeter
 In the above definition, entrepreneurship refers to the
functions performed by an entrepreneur in establishing an
enterprise. Just as management is regarded as what
managers do, Entrepreneurship may be regarded as what
Entrepreneurs do.
 Thus, we can say that entrepreneurship is a process of
involving various actions to be undertaken to establish an
enterprise.

4. Entrepreneur's Who Built Enterprise…

5. Reliance Industries
“For those who dare to dream,
there is a whole World to
Win”
- Dhirubhai Ambani

6. Microsoft Corporation
“Success is a lousy
teacher. It seduces
smart
people
into
thinking they can't lose.”
- Bill
Gates

7. INFOSYS
“Progress is often equal to
the difference between
mind and mindset.”
Murthy
N.
R.
Narayana

8. Biocon
“I
really
believe
that
entrepreneurship is about
being able to face failure,
manage failure and succeed
after failing.”
Shaw
Kiran
Mazumdar

9. Berkshire Hathaway INC.
“Someone's sitting in the
shade
today
because
someone planted a tree a
long time ago.”
- Warren Buffett

10. Apple INC.
“Innovation
distinguishes
between a leader and a
follower.”
- Steve Jobs