The document discusses entrepreneurship development and the process involved. It defines entrepreneurship development as enhancing entrepreneurial knowledge and skills through structured training to increase the number of entrepreneurs. The objectives are to develop entrepreneurial qualities, identify business opportunities, motivate individuals to start businesses, and provide risk mitigation and employment. The entrepreneurship development process involves learning about business ideas, thorough evaluation, creating a business plan, finding resources, establishing a management structure, and planning for future growth.
Management Function of an Entrepreneur - HermosuraNixzele Bernardo
Nixzele Bernardo
9-Duhat
Septemeber 06, 2019
Management Function of an Entrepreneur
The four management functions of an entrepreneur
Entrepreneurs are broadly classified
into/our categories as mentioned below
Entrepreneur Functions
Managerial Functions
ADVERTISEMENT
Promotional Functions
Commercial Functions
P.O.S.D.C of management
Planning: the process of setting objectives and determining what needs to be done to successfully accomplish the assignment-mission of an organization.
Organizing: the process of task assignment, the coordination of resources, team structuring, and work activities for the organization.
Staffing: the process of building the team by attempting to attract and retain qualified people to the organization.
Directing: the process that provides leadership, arranges motivational opportunities, and builds a good working environment.
Controlling: the process of establishing enterprise-wide standards, analyzing results, measuring actual performance and monitoring to see whether standards have been met. Controlling also includes making the right decisions and corrective actions, if needed.
Investigating Entrepreneurial
Opportunities
the presentation consists of the entrepreneurship development data and its process which are neccessary in entrepreneurship develoment. the presentation also consists the benefits of an entrepreneur in economic development of a country.
The attached document describes a robust process of supporting innovation within a large corporation.
The document is an executive summary of a slidedeck of the same name (also on slideshare).
Management Function of an Entrepreneur - HermosuraNixzele Bernardo
Nixzele Bernardo
9-Duhat
Septemeber 06, 2019
Management Function of an Entrepreneur
The four management functions of an entrepreneur
Entrepreneurs are broadly classified
into/our categories as mentioned below
Entrepreneur Functions
Managerial Functions
ADVERTISEMENT
Promotional Functions
Commercial Functions
P.O.S.D.C of management
Planning: the process of setting objectives and determining what needs to be done to successfully accomplish the assignment-mission of an organization.
Organizing: the process of task assignment, the coordination of resources, team structuring, and work activities for the organization.
Staffing: the process of building the team by attempting to attract and retain qualified people to the organization.
Directing: the process that provides leadership, arranges motivational opportunities, and builds a good working environment.
Controlling: the process of establishing enterprise-wide standards, analyzing results, measuring actual performance and monitoring to see whether standards have been met. Controlling also includes making the right decisions and corrective actions, if needed.
Investigating Entrepreneurial
Opportunities
the presentation consists of the entrepreneurship development data and its process which are neccessary in entrepreneurship develoment. the presentation also consists the benefits of an entrepreneur in economic development of a country.
The attached document describes a robust process of supporting innovation within a large corporation.
The document is an executive summary of a slidedeck of the same name (also on slideshare).
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
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The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
2. Entrepreneurship
A process of identifying and starting a business venture, sourcing and
organizing the required resources and taking both the risks and rewards
associated with the venture on Internet.
Examples
Mark Zuckerberg –Facebook
Brian Action – Whatsapp
Bhavish Agarwal –Ola cabs
Sachin Bansal- Flipkart
Kunal Bahl –Snapdeal
3. Innovation
Innovation is the implementation of new ideas at the individual, group or
organizational level.
A process of intentional change made to create value by meeting opportunity
and seeking advantage.
• Process: Innovation is a process (implying, among other things, that it can be
learned and managed).
• Intentional: That process is carried out on purpose. • Change: It results in some
kind of change.
• Value: The whole point of the change is to create value in our economy, society
and/or individual lives.
• Opportunity: Entrepreneurial individuals enable tomorrow's value creation by
exploring for it today: having ideas, turning ideas into marketable insights and
seeking ways to meet opportunities.
• Advantage: At the same time, they also create value by exploiting the
opportunities they have at hand.
4. Types of innovation
There are four distinct types of innovation, these are as follows:
Invention - Described as the creation of a new product, service or process.
Something that has not been tried before.
Extension - The expansion of an existing product, service or process. This
would mean that the entrepreneur takes an existing idea and applies it
differently.
Duplication - Copying (replicating) an existing product or service and then
adding the entrepreneurs own creative touch. In order to improve it.
Synthesis - A combination of more than one existing products or services in to
a new product. or service. This means that several different ideas are
combined in to one new product or service.
5. The Innovation Process
1. Analytical planning – Carefully identifying the product or service features,
design as well as the resources that will be needed.
2. Resource organization – Obtaining the required resources, materials,
technology, human or capital resources.
3. Implementation – Applying the resources in order to accomplish the plans
4. Commercial application – The provision of value to customers, reward
employees, and satisfy the stake holders.
6. Creativity, Innovation & Entrepreneurs
Creativity is thinking new things, and innovation is doing new things.
Creativity is the ability to develop new ideas and to discover new ways of
looking at problems and opportunities.
Innovation is the ability to apply creative solutions to those problems and
opportunities in order to enhance people’s lives or to enrich society.
Entrepreneurship = creativity + innovation
7. Creativity, Innovation & Entrepreneurs
Creativity is the ability to develop new ideas and to discover new ways of
looking at problems and opportunities.
Innovation is the ability to apply creative solutions to those problems and
opportunities in order to enhance people’s lives or to enrich society.
Entrepreneurship is the result of a disciplined, systematic process of
applying creativity and innovation to needs and opportunities in the
marketplace.
Entrepreneurs are those who collaborate their creative ideas with the
purposeful action and structure of a business.
Researchers believe that entrepreneurs succeed by thinking and doing new
things or old things in new ways.
8. Summary
The change that entrepreneurs bring about is through creativity and
innovation. Therefore, it is not surprising to see that entrepreneurs are
among the more creative and innovative players of organizational change.
Creativity requires someone (like an entrepreneur) to add value in the
marketplace through the innovation process.
From the idea generation to the successful product development and launch,
innovation is the seed-bed for change. Charged with the coordination of the
innovation process are the entrepreneurs.
It is the job of the entrepreneurs to be creative in identifying the gap in the
market and innovate a product to fill this gap.
10. Entrepreneurship Development
Entrepreneurship development is the process of
enhancing the entrepreneurial knowledge and skills via
structured training programmes. It deals with the study
of entrepreneurial behaviour, dynamics of business, and
its development and expansion. The objectives of
entrepreneurship development programmes are to
increase the knowledge and skill of existing
entrepreneurs and encourage others to become one.
Ultimately, it helps in increasing the number of such
individuals in an economy.
11. Entrepreneurship Development
Entrepreneur development focuses on training
individuals who are interested in commencing their
venture or expanding their existing one. Furthermore,
it concentrates more on encouraging innovation and
evaluating the growth potential of an enterprise. This
development process helps new firms to perform better
and achieve their goals and expand their businesses. As
a result, the economy of a nation also improves.
Moreover, it enables entrepreneurs to develop and
manage their business better along with the financial
insecurities associated with it.
12. Objectives of Entrepreneurship
Development Programme
To Develop Entrepreneurial qualities and habits among the
upcoming youth via the help of proper training and expert
counselling.
To search and identify the best existing and upcoming
business ideas and opportunities.
Motivating and guiding various individuals for launching
their own new businesses and startups. Thus, becoming a
contributor to the economy.
To reach risk mitigation to the youth of the nation.
13. Objectives of Entrepreneurship
Development Programme
Provide and conduct various programmes to spread the
idea of Entrepreneurship in rural areas and villages.
To generate employment and self-employment with the
help of Entrepreneurship and the growth of small scale
businesses.
To inform about various schemes launched by various
Government. (central, state or regional governmental
bodies)
14. Entrepreneurship Development
Process
In order to achieve success in entrepreneurship ventures, entrepreneurs
need to follow the following steps to get control over the development
process.
Learn about the Business Idea - It is the starting process of
entrepreneurship. Once an individual has generated the idea for a
business, he/she will subsequently need to evaluate and identify its
business opportunities. Hence, he/she has to learn more about the
business and its consumers.
Thorough Evaluation - Before moving forward, entrepreneurs
need to evaluate a business idea or opportunity thoroughly. It is
considered one of the most crucial parts of the Entrepreneurship
Development Process.
15. Entrepreneurship Development
Process
Business Plan - The entrepreneur must take enough care in
creating the business plan because it is the document that will be
shown to potential investors and financial partners as well as the
potential partners of the firm. Time and effort are required to create
a business plan and therefore, the entrepreneurs must be prepared to
spend time on it. The business plan should contain all major elements
of the business, i.e. vision, goals, financial aspects, etc.
Finding Resources - Here entrepreneurs find investors for his/her
venture. Moreover, recruits individuals as per their skill and abilities
to carry out different business activities.
16. Entrepreneurship Development
Process
Framing out the Management Structure - It is a crucial
concept of entrepreneurship development. After raising funds and
hiring the required employees, this is the next process on the list. An
entrepreneur must frame out the hierarchy in the organisation. Thus,
it becomes easier to resolve any problem through this chain of
command.
Plan the Future - When all of the above-mentioned steps are
followed and the business runs smoothly on track, the entrepreneur
must get ready for the expansion and enhancement of the business. In
this step, the entrepreneur must look for credible sources to avail
loans to expand the business lines and implement new structures
along with the growth of the company.