The document discusses key concepts around entrepreneurship including defining entrepreneurs, comparing them to businessmen, and factors that motivate entrepreneurship. It outlines the entrepreneurial process and resources available to entrepreneurs at different stages. The document also explores how entrepreneurship contributes to economic growth and trends in entrepreneurship research in the 21st century. Examples of successful entrepreneurs like Steve Jobs, Baba Ramdev, and Dr. Achuta Samanta are provided.

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2. LEARNING OBJECTIVES
 Entrepreneur Vs. Businessman
 Entrepreneurship
 Factors Motivating Entrepreneurship
 Entrepreneurship Process
 Availability of Resources
 Contribution towards Economy
 Education, Innovation and Entrepreneurship
 Problems of an Entrepreneur
 21st Century Trend in Entrepreneurship Research
 Why Become an Entrepreneur ?
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 Some Cases

3. THE EVOLUTION OF ENTREPRENEURSHIP
 Entrepreneur is derived from the French
entreprendre, meaning “to undertake.”
 The entrepreneur is one who undertakes to organize,
manage, and assume the risks of a business.
 Although no single definition of entrepreneur exists and
no one profile can represent today‟s entrepreneur,
research is providing an increasingly sharper focus on
the subject.
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4. ENTREPRENEUR
“The initiative and voluntary act of
managing risk and assuming
responsibility in transforming
creativity and innovation to
unique product for the purpose
of providing effective and
efficient solutions to consumers,
while achieving long-term
profitability and contributing
growth to the economy as a
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whole. ”

5. QUALITIES
 Initiative
 Voluntarism
 Risk Management and Responsibility
 Creativity and Innovation
 Passion to win
 Providing Effective Consumer Solution
 Long Term Profitability
 Contributing Growth To Economy 5

6. ENTREPRENEUR VS. BUSINESSMAN
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7. ENTREPRENEURS VS MANAGERS
High
Inventor Entrepreneur
Creativity
and
Innovation
Promoter Manager,
administrator
Low
General management skills, business know-how, networks High

8. ENTREPRENEURSHIP
“Entrepreneurship is an act of being an entrepreneur
which can be precisely defined as "one who
undertakes innovation, finance and business acumen
in an order to transform innovations into economic
goods”
It is a mind set that is:
 Opportunity focused
 Innovative
 Growth oriented
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9. FACTORS MOTIVATING ENTREPRENEURSHIP
 Personal attributes:-
1. Higher internal locus of control
2. Desire for financial success
3. Desire to achieve self-realization
4. Joy of innovation
5. Risk Tolerance
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10.  Environmental Factors:-
1. Local, Regional, or National attitudes towards
entrepreneurship
2. Social and cultural pressures for or against risk taking
and entrepreneurship
3. Access to entrepreneurial role models
4. Responsibilities to family and community
5. General Govt. facilities
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11. ENTREPRENEURIAL PROCESS:-
 Identifying opportunity
 Assess and acquire necessary resources
 Execution
-producing the product or service
-Marketing
-designing and building a company
-responding to the environment
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12. AVAILABILITY OF EARLY STAGE FINANCE
 Self financing
-own saving
-family business
-borrowed from family and friends
 Bank finance
 Angel investor
 Venture capital
 Private equity 12

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14. BANK FINANCE
 Traditional bank financing- Adequate collateral to
judge credit-worthiness.
 Difficult at the start-up stage
Comparatively easy at the growth stage.
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15. ANGEL INVESTOR
 Angel investors are typically high-net-worth
individuals (HNIs) who have often been successful
entrepreneurs themselves.
 Institutional seed funds
 They invest in new-idea enterprises and help to
bring these ideas to market
 take significant risks
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16. VENTURE CAPITAL
 Venture capital funding provides funds for early stage
companies once they have passed the seed stage and
report some returns.
 developing, launching and expanding new products or
services.
 lesser degrees of risk
 invest more money.
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18. PRIVATE EQUITY
 Private Equity (PE) funds are among the largest
sources of funding for enterprises.
 Requiring significantly large funds for expansion
and growth.
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19. ENCOURAGING ENTREPRENEURSHIP IN INDIA
 A transparent rating system for SMEs formed,
where the cost of credit is linked to the credit rating
of the enterprise.
 Credit Information Bureau (India) Limited (CIBIL),
Dun & Bradstreet Information Services India Private
Limited (D&B), SIDBI, and a few other banks have
together set up SMERA (SME Rating Agency)
 Banks have also reported reduction in interest rate
by 25 to 100 basis points for „SMERA rated
companies.
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20. MICRO SMALL AND MEDIUM ENTERPRISES
DEVELOPMENT ACT (MSME ACT):
 Key aim is to facilitate access to finance and
incentivize efficient use of funds by entrepreneurs.
 Bring about greater growth in numbers and overall
competitiveness.
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21. MUTUAL CREDIT GUARANTEE
 First MGAs appeared in Europe in the 1940s
 In India, the Indian Institute of Rural Development
(IIRD), with support from UNIDO, launched the
Mutual Credit Guarantee Fund Scheme (MCGFS)
in 2000.
 To help hand block printing textile clusters &
overcome the difficulty in accessing credit arising
from the inability to offer traditional forms of
collateral.
 ALEAP Credit Guarantee Association (ACGA)
agreement with Andhra Bank and CGTSI for
implementation of MCGS in the state of Andhra
Pradesh . 21

22. CONTRIBUTION TOWARDS ECONOMY
 New combination of means of production,
 New industry formation,
 Increasing opportunities for employment,
 Additional wealth creation,
 Introduction and dissemination of new methods &
technology,
 Overall economic growth.
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23. The Entrepreneurial Ecosystem
Facilitators
Idea
Government
Risk Deliverables
Family aptitude
Jobs
Skills Entrepreneurs
Education Wealth
Finance
Finance
community Space
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24. FIGURE 1.2: ENTREPRENEURSHIP AND
TECHNOLOGICAL CHANGE
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25. AN INTEGRATIVE MODEL OF ENTREPRENEURIAL
INPUTS AND OUTCOMES
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26. Education, Innovation and Entrepreneurship
 Education is indispensable for skill development and
fundamental to Entrepreneurship and innovation.
 Innovation catalyzes Entrepreneurship by providing
ideas that can be converted into wealth (through goods
and services).
 An entrepreneurial culture drives creation of wealth from
knowledge and generates impetus for further innovation.
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28. EDUCATION--SKILL DEVELOPMENT & F.E--
CREATING INNOVATION
 Higher and Professional Education
 Vocational Education & Training- (Skill Development)
 96% in Korea
 75% in Germany
 80% in Japan
 68% in United Kingdom
 05% in India
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29. PROBLEM OF AN ENTREPRENEUR
 Infrastructure
 Legal system
 Labour laws
 Corruptions
 Information
 Taxation
 Licensing
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32. 21ST CENTURY TRENDS IN ENTREPRENEURSHIP
Venture
Financing
Corporate Social
Entrepreneurship Entrepreneurship
Trends in
Entrepreneurial Women
Cognition
Entrepreneurship Entrepreneurs
Research
Global
Entrepreneurial
Entrepreneurial
Education
Movement
Family
Businesses
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33. You will be an entrepreneur..
or
Work for an entrepreneur…..?
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34. WHY BECOME ENTREPRENEUR……..?
 Be your own Boss.
 To create jobs than search for a job
 To get financial reward
 To involve in total process of the business
 Prestige
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35. STEVE JOBS
 Founded Apple Computers- 1976
 Former Chairman-cum-CEO
 Pioneer of the PC Revolution
 Product- i pod, i phone, i pad, PCs
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36. BABA RAMDEV
 Founder- Divya Yoga Trust &
Patanjali yoga trust
 Product- Daily consumer products
Ayurvedic Medicines
 Brand- Patanjali, Divya
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37. DR. ACHYUTA SAMANTA
 Founder- KIIT & KIIS
 KIIT- Established 1992
 Awarded- Deemed university status in 2004
 Awards
-Nominated for UK-India Business Awards-2009
-Asia‟s Best Social Entrepreneur - 2010 by the World HRD
Congress
-The Times of India Orissa Icon 2011 Awards (Social
Service)
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38. SHAHRUKH KHAN AS AN ENTREPRENEUR
o Founded RED CHILLIES
ENTERTAINMENT in 2002 .
o Now the turn over of this company
in 2011-12 financial year is 150+
crore
o Successful movies made under
this banner are:-
 Chalte chalte(2003)
 Main hoon na(2004)
 Paheli (2005)
 Om Shanti Om (2007)
 Ra.one(2011) 38

39. BIBLIOGRAFY
 www.google.com
 National Knowledge Commission Survey
 Entrepreneur Magazine
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