This document defines entrepreneurship and discusses the characteristics of entrepreneurs. It begins by defining an entrepreneur as someone who starts a business while taking on financial risk and defines entrepreneurship as the creation of new businesses. It then discusses the functions of entrepreneurs in creating jobs, economic growth, innovation and more. The document also explores the qualities needed for successful entrepreneurship, types of entrepreneurs, and contrasts entrepreneurs with managers. Finally, it discusses women entrepreneurs and some common challenges they face.

1. Entrepreneurship management
INTRODUCTION-
 Derived from French word ‘entreprendre’ It means to
undertake or begin something.
 An entrepreneur is one who creates a new business in
the face of risk and uncertainty for the purpose of
achieving profit and growth

2. Introduction - Meaning &
Definition of Entrepreneurship
 Entrepreneur & Enterprise.
 Differences between Entrepreneurship, Entrepreneur
& Enterprise .
 Functions of Entrepreneur
 Role of Entrepreneur for Economic Development.
 Factors influencing Entrepreneurship.
 Pros and Cons of being an Entrepreneur.
 Differences between Manager and Entrepreneur
Qualities of an Entrepreneur.

3. Definitions of “Entrepreneur”
 1734: Richard Cantillon Entrepreneurs are non-fixed
income earners who pay known costs of production but
earn uncertain incomes
 1803: Jean-Baptiste Say An entrepreneur is an economic
agent who unites all means of production- land of one, the
labour of another and the capital of yet another and thus
produces a product. By selling the product in the market he
pays rent of land, wages to labour, interest on capital and
what remains is his profit. Entrepreneurs take initiative,
accept risk of failure and have an internal locus of control.
 2013: Ronald May An Entrepreneur is someone who
commercializes his or her innovation.

4. Entrepreneur
 Learning objectives –
 Who is an entrepreneur and What are his /her functions,
qualities, contribution ?
 What are the types of entrepreneurs.
 Distinction between a manager and an entrepreneur.
 Highs / lows of being an entrepreneur
 What is entrepreneurship ?
 What influences entrepreneurship ?
 What are entrepreneurial competencies and how can it be
developed ?

5. ENTREPRENEUR &
ENTREPRENEURSHIP
Entrepreneur is the creator whereas entrepreneurship
is the creation.
• An entrepreneur precedes entrepreneurship
 Entrepreneurship is concerned with the development
and coordination of entrepreneurial functions
 It is based on purposeful and systematic innovation

6. Entrepreneurship Management
 ENTREPRENEURSHIP : NEED OF TODAY
 Characteristics of a successful entrepreneur-
 Risk Taker
 Leader
 Decision Maker
 Responsible
 Confident
 Energetic

7. NEED AND IMPORTANCE
 Creates job opportunities
 causes economic growth
 strengthens the currency
 innovative & better products
 provides strength to small or complimentary business.

8. Functions of an entrepreneur
 PUBLIC RELATIONS
 PROJECT DECISION
 RAISING FINANCE
 PRODUCTION PLANNING MARKET RESEARCH
RISK BEARING
 INNOVATION
 MANAGERIAL FUNCTIONS etc.

9. TYPES OF ENTREPRENEURS
 Innovative Entrepreneur (Start innovating)
 Adoptive Entrepreneur (Adopt successful business
models)
 Fabian Entrepreneur (Imitates other successful
entrepreneurs)
 Drone Entrepreneur –Old school(do not like any kind
of change)
 Social Entrepreneur etc.(solve the community based
problems)

10. Qualities of an entrepreneur
 Motivation
 Dynamism
 Self confidence
 Ambition
 Creativity
 Aptitude Intelligence
 Stress taking
 Vision Adaptability
 Knowledge Clarity
 Organising ability
 Will power Commitment
 Opportunity explorer
 Pride Determination
 Instinct Integrity Risk
taking
 Tactfulness
 Foresight
 Dedication
 Optimistic

11. Women entrepreneurs
 “A small scale industrial unit / industry related service or
business enterprise, managed by one or more women
entrepreneurs in proprietary concerns, or in which she
/they individually or jointly have a share capital of not less
than 51% as partners /shareholders / directors of private
limited company / members of corporate society”
 Ekta Kapoor BalajiTelefilms
 Shahnaz Hussain Shahnaz Herbals
 Swati Piramal Piramal Healthcare
 Kiran Mazumdar Shaw Biocon
 Amira Shah Metropolis Healthcare
 Sairee Chahal Flexi-moms

12. Problems of women entrepreneurs
 Problem of finance Low
risk bearing capacity&
Limited mobility
 Male dominated society
 Family involvement
 Competition
 Lack of education
 Scarcity of raw materials
 Sexual harassment
 Shortage of power
 High cost of production
 Initial hesitation
 Lack of experience and
information
 Lack of freedom
 Lack of encouragement
 False sense of security
 Fear of failure .

13. MYTHS
*Entrepreneurs, like leaders, are born, not made.
*To be an entrepreneur, one needs money.
*To be an entrepreneur, a great idea is the only
ingredient
*One wants to be an entrepreneur as having no boss is
great fun.

14. Examples
 Shehnaz Hussain – A successful entrepreneur.
 Shiv Nadar is an Indian billionaire industrialist and
philanthropist. He is the founder and chairman of
HCL…