Definition of an entrepreneur and entrepreneurship, differences between the concept of entrepreneur and businessman, the competency of successful entrepreneurship, the roles and social responsibilities of entrepreneur.
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Dokumen tersebut membahas konsep keusahawanan dan sejarah pembangunannya, terutama di Malaysia. Ia menjelaskan definisi keusahawanan menurut berbagai teori dan tokoh, serta pentingnya pendidikan keusahawanan dan keusahawanan dalam perspektif Islam.
Refleksi merupakan penulisan ilmiah mengenai pengalaman pelajar dalam menghadapi suatu peristiwa. Refleksi efektif memberikan gambaran tentang masalah yang dihadapi, cara mengatasinya, pengalaman pribadi, dan pengalaman orang lain. Contoh refleksi mengenai tugasan teknik baikpulih dan penyelenggaraan menceritakan tantangan menyiapkan bahan grafik, kendala seperti kelajuan internet dan virus komputer, serta pembelajaran baru
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PERANAN IBU BAPA, RAKAN SEBAYA DAN SEKOLAH SEBAGAI AGEN MORAL Santa Barbara
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Definition of an entrepreneur and entrepreneurship, differences between the concept of entrepreneur and businessman, the competency of successful entrepreneurship, the roles and social responsibilities of entrepreneur.
The document provides an introduction to the topic of entrepreneurship. It defines entrepreneurship and entrepreneurs. An entrepreneur is defined as an individual who establishes a business to introduce a new product or service and assumes the financial risks involved. Entrepreneurship is the process of identifying business opportunities and creating an organization to capitalize on those opportunities. Successful entrepreneurs possess traits like creativity, risk-taking ability, and motivation to achieve goals. E-business, or conducting business online, allows entrepreneurs to reach a global customer base and reduces some costs.
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Definition of an entrepreneur and entrepreneurship, differences between the concept of entrepreneur and businessman, the competency of successful entrepreneurship, the roles and social responsibilities of entrepreneur.
The document provides an introduction to the topic of entrepreneurship. It defines entrepreneurship and entrepreneurs. An entrepreneur is defined as an individual who establishes a business to introduce a new product or service and assumes the financial risks involved. Entrepreneurship is the process of identifying business opportunities and creating an organization to capitalize on those opportunities. Successful entrepreneurs possess traits like creativity, risk-taking ability, and motivation to achieve goals. E-business, or conducting business online, allows entrepreneurs to reach a global customer base and reduces some costs.
Enterpreneurship development by_pawan_tripathi_2014_09_14_10_41_17_775Pawan Tripathi
This document provides notes on entrepreneurship development for students. It defines key terms like entrepreneur and entrepreneurship. An entrepreneur is an individual who takes on the risk of starting a new business venture. Entrepreneurship involves identifying opportunities and combining resources to exploit them for profit. The document discusses the evolution of the concept of entrepreneur over time. It also outlines characteristics of entrepreneurs like being achievement-oriented and innovative. Risks of entrepreneurship like financial and career risks are examined. Finally, barriers to entrepreneurship like lack of skilled labor and raw materials are summarized.
The document discusses the concept and definitions of entrepreneurs and rural industries. It provides various definitions of an entrepreneur from different scholars as someone who organizes and manages a business undertaking and assumes the risk to make a profit. It also defines rural industries as any industry located in a rural area with a population of less than 20,000 people and investment of less than 3 crores in plant and machinery. The document further categorizes rural entrepreneurs into agricultural entrepreneurs, artisan entrepreneurs, merchant/trading groups, and tribal entrepreneurs based on their primary occupations and activities.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
This document discusses entrepreneurship development as a common course for BCom/BBA students at the University of Calicut School of Distance Education. It covers topics such as the evolution of the concept of entrepreneur, definitions of entrepreneur and entrepreneurship, characteristics of entrepreneurs, risks involved in entrepreneurship, barriers to entrepreneurship, and factors affecting entrepreneurial growth. The document provides an overview of key concepts in entrepreneurship development.
The document discusses the concept of entrepreneurship, defining it as an innovative function that involves introducing new products, methods of production, markets, or supply sources. Entrepreneurship is characterized by risk-taking and involves connecting resources to organize new business ventures. Modern concepts view entrepreneurs as agents of change who transform resources into goods and services, often leading to industrial growth.
The document provides an overview of entrepreneurship and the entrepreneurial mindset and process. It discusses:
- Definitions of entrepreneurship and the entrepreneurial characteristics of passion, customer focus, tenacity despite failure, and execution intelligence.
- The entrepreneurial process, including deciding to become an entrepreneur, developing business ideas by recognizing opportunities and generating ideas, moving from an idea to a business by preparing foundations and getting financing, and managing and growing the business.
- Types of entrepreneurial opportunities like observing trends, solving problems, and finding gaps in the marketplace. Common myths about entrepreneurs are also addressed.
ENTREPRENEURIAL MANAGEMENT - Defining Entrepreneurship and its related risks ...Alfredo Toledo
This document provides an overview of entrepreneurship and entrepreneurial management. It discusses the history and evolution of entrepreneurship from the 13th century to present day. Key topics covered include defining entrepreneurship and entrepreneurial management, the entrepreneurial task, stages of long-term ventures, and risks and rewards of entrepreneurship. Government policies supporting small and medium enterprises in the Philippines are also summarized.
Introduction to Entrepreneurial ManagementAlfredo Toledo
This document provides an overview of entrepreneurship and entrepreneurial management. It defines key terms like entrepreneurship, entrepreneur, and entrepreneurial management. It discusses the history and evolution of entrepreneurship from the 13th century to present. It also outlines the evolution of entrepreneurship in the Philippines. The document describes the entrepreneurial task and four stages of long-term ventures. It identifies risks and rewards of entrepreneurship and distinguishes between small businesses and entrepreneurial ventures.
This document provides an overview of key concepts related to entrepreneurship and small business management. It discusses the concept of an entrepreneur, distinguishing them from managers. It defines entrepreneurship and lists its key characteristics, including economic activity, innovation, risk-bearing, and enterprise creation. The document also discusses types of entrepreneurs, functions of entrepreneurs, the concept of intrapreneurs, and differences between entrepreneurs and intrapreneurs. Additionally, it covers unemployment in India and the importance of wealth creation through entrepreneurship.
UNIT-I-Entrepreneurship Development BBA Sem IV.pptReena Nath
Concept of Entrepreneur, Manager, Intrapreneur
Entrepreneur and Entrepreneurship
Meaning, Definition, Evolution.
Types of Entrepreneurs, Qualities and Functions of Entrepreneur.
Factors influencing Entrepreneurship: Psychological, Social, Economical and Environmental factors.
Role of Entrepreneur in growth and development of the small business.
Problem of Unemployment and Importance of wealth creation.
This document provides an overview of entrepreneurship including definitions, types of entrepreneurs, and roles of entrepreneurs. It defines entrepreneurship as exploiting business opportunities that exist within the scope of the market. The four main types of entrepreneurs discussed are innovative, imitating, fabian, and drone entrepreneurs. Entrepreneurs fulfill economic, social, and technological change roles. Later sections discuss developing an entrepreneurial mindset and how entrepreneurship can drive social and economic change.
This document outlines the syllabus for the course "Entrepreneurship Development (II Year / III Sem)" including 4 units: 1) Entrepreneurial Competence, 2) Entrepreneurial Environment, 3) Business Plan Preparation, and 4) Management of Small Business. It provides notes on key topics within Unit 1 including definitions of entrepreneur and entrepreneurship, types of entrepreneurs, distinguishing entrepreneurs from managers, and characteristics of successful entrepreneurs.
Entrepreneurship involves creating new businesses and taking risks to introduce new products, services or processes. The document defines entrepreneurship and outlines its key functions such as taking initiative, organizing resources, identifying opportunities, risk taking, innovation and fostering autonomy. It also discusses the importance of entrepreneurship in job creation, wealth generation, and economic development. An entrepreneur is defined as someone who organizes a business venture and assumes the financial risks associated with it.
The document discusses theories of entrepreneurship including economic, sociological, cultural values, psychological, innovation, and Harvard school theories. It provides details on the economic theory which links entrepreneurship and economic growth. The sociological theory notes social factors like culture, values, and customs influence entrepreneurs. The innovation theory posits entrepreneurs drive growth through new products, production methods, markets, resources, and organization. Overall, the document examines different perspectives on what drives entrepreneurship.
The learners...
1. Discuss the relevance of the
course;
2. Explain the key concepts of
common competencies;
3. Explain the core
competencies in
Entrepreneurship; and
4. Explore job opportunities
for Entrepreneurship as a
career.
This chapter discusses the characteristics and backgrounds of entrepreneurs. It explores who entrepreneurs are and examines their typical traits and motivations. Some key points covered include:
- Entrepreneurs are typically driven by a strong need for achievement and willingness to take risks. They exhibit traits like optimism, initiative, and perseverance.
- However, debates exist around whether entrepreneurs are "born" with these traits or if they can be "made" through environmental factors and training.
- Entrepreneurial motivations also stem from both "pull" factors like pursuing an opportunity or idea, or "push" factors like the need for employment or change.
- While entrepreneurship provides advantages like independence, it also
This document provides an introduction to entrepreneurship by defining key terms and concepts. It begins by exploring definitions of entrepreneurs from various scholars, focusing on Richard Cantillon, Adam Smith, Jean Baptiste Say, and Joseph Schumpeter. It then examines the personal characteristics of entrepreneurs, including the need for achievement, internal locus of control, and risk-taking propensity as identified by Brockhaus. The document also outlines different types of entrepreneurship such as social, corporate, and franchise entrepreneurship. It concludes by describing the four steps of the entrepreneurial process.
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2. LECTURER
Hi Everyone, you are in Entrepreneurship DPB2012 class!
Definition of an entrepreneur and
entrepreneurship, differences between the
concept of entrepreneur and businessman,
the competency of successful
entrepreneurship, the roles and social
responsibilities of entrepreneur.
INTRODUCTION
3. 3
CASE STUDY
ANALYSIS
SEE MORE
ASSIGNMENT 1
Written report would be a case study that counts towards 10% of the final grade.
Analysis Method : SWOT Analysis
*INDIVIDUAL TASK.
4. TOPIC OUTLINES
Upon completing this course, students
should be able to :
1. Explain entrepreneurship.
2. Explain the competencies of entrepreneurship.
3. Define theories of entrepreneurship .
5. Upon completing this course, students
should be able to :
1. Explain clearly the concept of entrepreneurship and process in developing effective
business. (C2, LD1)
COURSE LEARNING OUTCOMES
8. 8
INTRODUCTION TO ENTREPRENEURSHIP
A society that has entrepreneurs is considered to be a
successful society. This is because entrepreneurs are individuals
who are creative, dynamic and innovative. They are willing to
take risks and face unpredictable and uncertain challenges by
using their creativity and will power.
Entrepreneurs would develop and penetrate new business areas
in order to stay competitive in the industry. Then, more products
or services being offered to the society, which would enhance
the society’s economic development.
9. 9
ENTREPRENEUR VS ENTREPRENEURSHIP
a common definition of an entrepreneur is someone who establishes a
new entity to offer a new or existing product or service into a new or existing
market, whether it is for a profitable or non-profitable outcome.
The word entrepreneur is
derived from the French word
entreprendre which means 'to
undertake or to try'.[Richard
Cantallion 1775].
10. 10
ENTREPRENEUR VS ENTREPRENEURSHIP
An entrepreneur is an individual who is able to perceive an opportunity for a business
and create an organization to develop and manage that business successfully.
An entrepreneur is an individual who organizes, manages and assumes the risks of a
business (Kuratko & Hodgetts,2001)
In Malaysia the term “usahawan” is used for entrepreneur.
11. 11
ENTREPRENEUR VS ENTREPRENEURSHIP
Entrepreneurship is the process of seeking businesses
opportunities under conditions of risk.
Entrepreneurship also refers to the process of creating
something new of value by devoting the necessary
time and effort, assuming the accompanying financial,
physical and social risks and receiving the resulting
rewards of monetary, personal satisfaction and
indepedence.
12. 12
ENTREPRENEUR VS ENTREPRENEURSHIP
According to Yep Putih, entrepreneurship is the ability, capability, and
tendency to perform the following activities :
i. Identify business opportunities.
ii. Manage a business effort which brings profit to the enterpreneur
and the public.
iii. Obtain success and richness by fulfilling the society's needs.
iv. Take calculated risks.
v. Manage & utilize the factors of production to bring economical
development and enhance social welfare.
vi. Work hard and be prepared to make new changes that can
increase production quantity and quality from time to time.
13. 13
ENTREPRENEUR VS ENTREPRENEURSHIP
An individual’s preparedness to grab opportunities without considering
the resources at hand (Stevenson, Roberts and Grousbeck).
(Dollinger) defined entrepreneurship as the establishment of an
economical firm that is innovative, profit oriented, willing to take risks,
and face uncertainties in the environment.
As a conclusion, entrepreneurship benefits the entrepreneur, the
economy and the society. It is a process that creates and manages a
business to achieve the entrepreneur’s desired goals.
14. 14
ENTREPRENEUR VS ENTREPRENEURSHIP
In 1970s, after the New Economic Policy (NEP), then entrepreneur was widely used in
Malaysia.
Common definition, “someone who establishes a new entity to offer a new or existing
product/service into a new or existing market, whether it is for a profitable or a non-profitable
outcome. An entrepreneur is an individual who is able to perceive an opportunity for a
business and create an organization to develop and manage that business successfully. He is
able to identify and seize the opportunity and bring in the necessary resources such as
finance, workforce, and raw materials to develop and market the products or services. He
takes proper action that is imaginative, creative, and innovative”.
15. 15
ENTREPRENEUR VS ENTREPRENEURSHIP
ENTREPRENEUR
Someone who
undertakes the
risk associated with
creating, organising,
and owning a business.
ENTREPRENEURSHIP
The recognition of an
opportunity to create
value, and the process
of acting on this
opportunity.
ENTREPRENEURIAL
PROCESS
• Idea Generation
• Idea Validation
• Idea Implementation
18. 18
DIFFERENTIATE ENTREPRENEUR AND BUSINESSMAN
Time Unlimited Limited
Nature of job Flexible Rigid in adapting to
changes
Decision making Makes own decision Follows decision
made by others
Effort and
commitment
Continuous Low
Risk taker Moderate Low
Goal Maximize s self
potential by utilizing
available
opportunities
Solely for profit
maximization
20. 20
4 QUADRANT OF CASH FLOW FOR FINANCIAL FREEDOM
According to Kiyosaki,
“The Cashflow Quadrant is about the four different
types of people who make up the world of business,
who they are and what makes individuals in each
quadrant unique.”
21. 21
4 QUADRANT OF CASH FLOW FOR FINANCIAL FREEDOM
Employee
You work for someone. (i.e. teacher, nurse, legal
assistant)
Self-Employed
You work for yourself. (i.e. plumber, photographer,
web designer)
Business Owner
People work for you. (i.e. restaurant franchise
owner, landscaping company)
Investor
Money works for you. (i.e. Investing money in your
friend’s business, buying properties)
23. 23
EVOLUTION OF ENTREPRENEURSHIP : HUNTING STAGE
The primary stage of the evolution of the
economic life of man was hunting stage.
Wants were limited and very few in
numbers.
The family members themselves
satisfied problems of food, clothing and
shelter. Producers were the consumers
also. Robinson Crusoe, living in the
deserted island, satisfying his own
requirements had no knowledge of
business.
People in some parts of Africa and India
still lead this type of life. In this stage
problems of production and distribution
were not complexed since wants were
simple and limited.
24. 24
EVOLUTION OF ENTREPRENEURSHIP : PASTORAL STAGE
With the progress of mankind
gradually mental understanding
developed and people started
realizing that instead of killing
animals, they should breed and
rear them. Thus cattle breeding
encouraged the use of milk, and
they had to think in terms of
grazing areas for their cattle.
The surplus milk, meat and other
related products were spared of
exchange. This stage can be
termed as the first stage of
economic development and the
beginning of commerce.
32. 32
PERSONAL TRAITS OF AN ENTREPRENEUR
# Integrity
# Conceptual Thinking
# Risk taking
# Networking
# Strategic Thinking
33. 33
PERSONAL TRAITS OF AN ENTREPRENEUR
# Personal initiative
# Seize opportunities
# Endurance
# Information-seeker
# High work quality
# Commitment towards work agreements
# Efficient
# Systematic-planning
# Creative problem solving
# Self-confidence
# Assertion
# Persuasion
# Power and authority
35. 35
THEORY OF ENTREPRENEURSHIP : ECONOMIC PERSPECTIVE
An Entrepreneur through the contributions
and roles played in economic development
such as allocating resources efficiently,
creating job opportunities, and pioneering
innovations.
36. 36
THEORY OF ENTREPRENEURSHIP : ECONOMIC PERSPECTIVE
Richard Cantillon (1755) : Entrepreneurs as an important group in the society and key
economic player in developing national economy.
Adam Smith (1776) : An entrepreneur is a person who acts as agent in transforming
demand into supply
Alfred Marshall (1976) : The process of entrepreneurship or business development is
incremental or evolutionary . It evolves from sole proprietorship to a public company.
Jean Baptiste Say(1803) : Proposed that profits from entrepreneurship were separate
from profits of capital ownership.
Joseph Schumpeter (1934) : Described the entrepreneur as someone who is an
innovator and someone who “creatively destructs”.
37. 37
THEORY OF ENTREPRENEURSHIP : PSYCHOLOGICAL PERSPECTIVE
An entrepreneur through the
behaviours and personality
traits possessed by successful
individuals.
38. 38
THEORY OF ENTREPRENEURSHIP : PSYCHOLOGICAL PERSPECTIVE
McClelland (1951) : Concluded that a high need for
achievement drives people become entrepreneurs.
Julian rotter (1954) : An entrepreneurs tend to have a strong
internal locus of control and strongly believe in their own
ability to control.
39. 39
THEORY OF ENTREPRENEURSHIP : SOCIOLOGICAL PERSPECTIVE
Entrepreneurs as a generation or a
group which adopts entrepreneurship
as a career to improve the status.
40. 40
THEORY OF ENTREPRENEURSHIP : SOCIOLOGICAL PERSPECTIVE
Ibnu Khaldun (Abdul Rahman Mohamed Khaldun) (1406) : The entrepreneur is
seen as a knowledgeable individual and is instrumental in the development of
a city-state where enterprise will emerge.
Max Weeber (1917) : An Entrepreneur as the beholder of an ‘instrumental
rationality’.
Everet Hagen (1957) : An entrepreneurs emerge from a low-income group that
is not satisfied with the inequalities and disappointing services they receive
from society.
41. 41
THEORY OF ENTREPRENEURSHIP : MANAGEMENT PERSPECTIVE
An entrepreneur as a strategic
manager who strives to ensure the
business gains profit and expands.
42. 42
THEORY OF ENTREPRENEURSHIP : MANAGEMENT PERSPECTIVE
Peter f. drucker (1985) : Described the entrepreneur as someone who
maximizes opportunity and always searches for change.
44. 44
TYPES OF ENTREPRENEURSHIP
# Lifestyle entrepreneurs
# Side businesses
# Startup founders
# Social entrepreneurs
We’re going to talk about
the different types of
businesses.
What suits you best?
45. 45
TYPES OF ENTREPRENEURSHIP
• A lifestyle entrepreneur is someone who will
start a business with the explicit goal of
making a certain amount of money that will
enable them to live a certain lifestyle.
• They’re mainly focused on keeping a certain
quality of life and a certain level of wealth.
46. 46
TYPES OF ENTREPRENEURSHIP
• They don’t need a huge business. They
focus on what they need in order to live a
certain lifestyle.
• They focus on businesses that have a high
ratio of Work : Revenue.
• Spend as little time, earn as much as
possible.
47. 47
TYPES OF ENTREPRENEURSHIP
• “The 4-hour Work Week” -Tim Ferriss.
• He calls the lifestyle business a “muse“.
• You need a lot of things in life to be happy, and it's
hard to tackle all your needs when you don’t have
money.
• A “muse” is something that takes away that money
aspect and gives you the resources you need in
order to focus on other things.
48. 48
TYPES OF ENTREPRENEURSHIP
• Lifestyle entrepreneurs are not interested in brand
new markets, but not in too saturated markets
either.
• They are ok with spending a lot of time in the
beginning, to get started, but if it takes too long to
start earning money, it defeats the purpose.
EXAMPLE :
Udemy instructor, Airbnb host, drop-shipping,
white labelling(OEM).
49. 49
TYPES OF ENTREPRENEURSHIP
• Side businesses are something
you pursue in order to make
some extra income.
• These entrepreneurs are also
employees.
50. 50
TYPES OF ENTREPRENEURSHIP
• Look for things that don’t require a lot of time
commitment.
• Think about something people need that you can
supply.
• There's little risk, but also little return.
• Working online is a good idea.
• You can do this on top of other platforms, for
example, providing a service for Udemy users.
EXAMPLE :
Etsy, Fiverr, Ebay,
Mudah.my, Carousell.
51. 51
TYPES OF ENTREPRENEURSHIP
• They're called “founders” because they founded a
company and took all the risk.
• Startups are generally big ideas and ambitions.
• Paul Graham (ycombinator): "A startup is any business
that's designed to grow as fast as possible."
52. 52
TYPES OF ENTREPRENEURSHIP
• Startup = Big idea + Big ambition + Big risk + Potential big reward.
• Startups require 100% of the effort.
• You have to devote everything you have towards it.
• They're very risky, but the potential reward could be worth it.
• A startup is exciting and challenging, and it can make a lot of
money.
53. 53
TYPES OF ENTREPRENEURSHIP
• Social entrepreneurship: Starting a
business that makes profit but it's
focused on producing benefits for the
common good of everyone.
• They have similar goals with non-profit
organizations.
54. 54
TYPES OF ENTREPRENEURSHIP
• Social entrepreneurs are trying to deliver value to the community in different ways:
-donating money
-building a system that benefits other people and then they reinvest the money
EXAMPLE :
Beras Faiza in
BERSAMAMU slot at TV3.
• “Beras Faiza“: A corporation that recognizes that you
have to make profit, but you also have to deliver some
value to the community.
• Non-profits are constantly trying to get more money to
keep doing their charity actions.
• When you donate to these companies, most of the
money go to keep the company functioning.