INNOVATION & ENTREPRENEURSHIP.pptx
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This document discusses innovation and entrepreneurship. It defines entrepreneurship as developing, organizing, and running a new business to generate profit while taking on financial risk. Some examples of entrepreneurs given are Dhirubhai Ambani, JRD Tata, and Azim Premji. The document also covers types of entrepreneurship like social and innovation entrepreneurship. It lists important factors influencing entrepreneurship such as education, legal environment, finances, and infrastructure. Finally, it classifies entrepreneurs based on ownership, personality traits, business type, stage of development, and other categories.
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- 2. ENTREPRENEURSHIP Meaning - Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk. Examples - Dhirubhai Ambani , JRD Tata , Azim Premji
- 3. TYPES OF ENTREPRENEURSH IP •Social entrepreneurship. ... •Innovation entrepreneurship. ... •Big business entrepreneurship. ... •Small business entrepreneurship. ... •Scalable start-up business entrepreneurship.
- 4. Importance of Entrepreneurship Nation Building Self Sufficiency Generate Employment Challenging Opportunities Characteristics of n Entrepreneur . Skillful Person . Calculative Risk Taker . Opportunistic Converter .Able To Adapt With Time
- 5. FACTORS INFLUENCING ENTREPRENEURSHIP… 1. Education – Create Awareness 2. Legal – Govt should protect the bst till the time they needed 3. Finances – Policies must be formulate to boost new ideas 4. Infrastructure – Transport and Communication Tech 5. Procedural – govt processes to initiate the business practicess
- 6. Classification of Entrepreneur on the Basis Of A) Ownership B) Personality Traits C) Business Type D) Stage of Development E) Other Classification
- 7. BASIS OF PERSONALITY TRAITS TYPES 1) The Achiever – Only Desire to achieve something in Life. 2) The Induced Entrepreneur- They Start a business due to some external factors. 3) The Idea Generator – Innovator, creative Mindset 4) The Real Manager – Run a bst in a systematic manner 5) The Real Acheiver – Looking for the Achievement not just their own but also the people associated with them.
- 8. TYPES EXAMPLES A) PURE ENTREPRENEUR Dhiru Bhai , JRD Tata ( start from scratch ) B) SECOND GENERATION ENTREPRENEUR Mukesh , Ratan C) FRANCHISES D) OWNER-MANAGER Bill gates
- 9. BASED ON TYPE OF BST Industrial Trading Corporate Agricultural
- 10. BASES OF STAGES OF DEVELOPMENT First Generation Entrepreneur Modern Entrepreneur Classical Entrepreneur
- 11. OTHER CLASSIFICATION Innovative – Creative once Immitative – Adapt only a successful idea , unable to initiate Fabian- Rigid , not flexible , conventional methods Drone- not open to creativity nd change Women – women started a bst Copreneurs – when a couple togetherstart nd run a bst.