This document provides an introduction to entrepreneurship, defining key concepts and dispelling common myths. It discusses the definition of entrepreneurship as pursuing opportunities regardless of current resources. There are two main drivers of entrepreneurship: need, where individuals start businesses out of necessity, and opportunity, where people chase dreams or ideas. While small businesses focus on income, entrepreneurship emphasizes rapid wealth creation through innovation and risk-taking to capitalize on opportunities.
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
To begin our exploration of entrepreneurship and the environment
To distinguish between business and social entrepreneurs
To distinguish between entrepreneurs and small-business owners
To explain the importance of entrepreneurs for economic growth
To examine the historical development of entrepreneurs and of entrepreneurship
To define entrepreneurship and explore the major schools of entrepreneurial thought
To realise that entrepreneurship is a pathway to freedom
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
To begin our exploration of entrepreneurship and the environment
To distinguish between business and social entrepreneurs
To distinguish between entrepreneurs and small-business owners
To explain the importance of entrepreneurs for economic growth
To examine the historical development of entrepreneurs and of entrepreneurship
To define entrepreneurship and explore the major schools of entrepreneurial thought
To realise that entrepreneurship is a pathway to freedom
A country with many successful entrepreneurs is
considered as most successful country in terms
of economy.
Because the entrepreneurs play a vital role in the
economic development of a country such as
generate employment, increase production,
increase innovation, and so on.
But do we understand the meaning of
entrepreneurship. In this session we will learn
about the theory and concepts of
entrepreneurship
The Concept of Corporate Entrepreneurship - IntrapreneurshipGaurav Singh Bisen
Presentation on Corporate Entrepreneurship, its strategies. Intrapreneurship & Leaders of such culture in market. Case Study of Google and its successful products and innovations.
An entrepreneurial culture consists of a group of individuals who have suppressed individual interests in an effort to achieve group success because group success will advance their individual interests. More Details available Inside.
This presentation is Made by Ruchi Sinha.
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
Entrepreneurs are Human Beings like us.
But the do have certain personal traits which make them stick to the business and succeed.
Many researchers & observers have found some special characteristics that are usually present in an Entrepreneur.
Entrepreneurship introduction , concept , need , growth &innovation RTU btech Ambuj Tak
this is for student of CS engineering of RTU who want to prepare their PPT for 4th sem
it may help the MBA student too and its a motivational for beginner entrepreneur :)
A country with many successful entrepreneurs is
considered as most successful country in terms
of economy.
Because the entrepreneurs play a vital role in the
economic development of a country such as
generate employment, increase production,
increase innovation, and so on.
But do we understand the meaning of
entrepreneurship. In this session we will learn
about the theory and concepts of
entrepreneurship
The Concept of Corporate Entrepreneurship - IntrapreneurshipGaurav Singh Bisen
Presentation on Corporate Entrepreneurship, its strategies. Intrapreneurship & Leaders of such culture in market. Case Study of Google and its successful products and innovations.
An entrepreneurial culture consists of a group of individuals who have suppressed individual interests in an effort to achieve group success because group success will advance their individual interests. More Details available Inside.
This presentation is Made by Ruchi Sinha.
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
Entrepreneurs are Human Beings like us.
But the do have certain personal traits which make them stick to the business and succeed.
Many researchers & observers have found some special characteristics that are usually present in an Entrepreneur.
Entrepreneurship introduction , concept , need , growth &innovation RTU btech Ambuj Tak
this is for student of CS engineering of RTU who want to prepare their PPT for 4th sem
it may help the MBA student too and its a motivational for beginner entrepreneur :)
6 Misconceptions about EntrepreneurshipMyriam Borg
Refund Consulting Program stated that the reality of entrepreneurship is totally different. You see frequently portrayed in biographical articles and economic headlines, but that doesn’t mean it’s worse or not worth pursuing. All this "reality" means - you have to be better prepared for the hardships.
The principal goal of this lesson, is to provide participants with knowledge and techniques on how to find and target the right investors, avoid costly mistakes, and craft convincing proposals that will make investors want to give you money. There are certain things you need know about investors as an entrepreneur before approaching them for funding. Don’t you think so? This lesson will make you see from a broader perspective how to position the concept of raising funds within the confines of your business. Whether you want to raise $5,000 or $10 million to kick-start your business idea, grow an existing business, or turn around a failing one, this lesson is the foundation that will significantly increase your ability to find, approach, engage and convince potential investors to give you funding. Most investors complain that it’s hard to find good businesses to invest in. Entrepreneurs, on the other hand, complain that it's hard to find investors who are willing to invest in their business. The big reason for this mismatch and confusion is most entrepreneurs who are looking to raise funds are flying blind. Their businesses just don’t meet the requirements that potential investors are looking for. The truth is funding is Available and Abundant for those who know how to access it! Many entrepreneurs often give the common excuse that funding is scarce. This is not only false, it's actually very misleading. If capital is really scarce, how come the volume of investments and loans to entrepreneurs and businesses continue to grow every year?
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Improving profitability for small businessBen Wann
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What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
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2. Introduction
Welcome to Introduction to Entrepreneurship.
This unit is designed to give you a high-level overview of all things
entrepreneurship.
Throughout the unit, we will introduce you to concepts including:
• The history and evolution of entrepreneurship;
• The various types of entrepreneurship;
• Opportunity identification, and validation;
• What it takes to fund and grow new ventures;
• What it takes to be a successful entrepreneur; and
• How to exit from new ventures.
3. Introduction Continued
• In this module, we want to introduce you to the world of entrepreneurship.
• After completing this module, you should have an understanding of the
following:
• The definition of entrepreneurship;
• Common myths associated with entrepreneurship;
• Drivers for entrepreneurship; and
• The difference between entrepreneurship and small business.
4. The Definition of Entrepreneurship
• The word entrepreneurship originates from the French word, “entreprendre”,
which means "to undertake”. As you’ll see from the following though, trying to
get a consistent definition for entrepreneurship these days, isn’t that easy:
• The Merriam-Webster Dictionary presents the definition of an entrepreneur
as one who organizes, manages, and assumes the risks of a business or
enterprise.
• The famous 20th century Austrian economist Joseph Schumpeter’s definition
of entrepreneurship placed an emphasis on innovation, and the creation of
new products, new production methods, new markets, and new forms of
organization.
• According to the renowned French economist, J. B. Say, an entrepreneur is
a person who shifts economic resources out of an area of lower productivity
into an area of higher productivity and greater yield.
5. The Definition of Entrepreneurship
• Clearly, the definition of entrepreneurship varies depending on who you ask.
However, what is clear, is there are definitely some key concepts that make up
entrepreneurship:
• Opportunity – there must be opportunities to respond to;
• Resource use – resources are required to respond to opportunities,
though entrepreneurs have the capacity to do much more than what their
resources would suggest possible;
• Creation of something new – entrepreneurs always strive to create
something new, in order to capitalise on their opportunities;
• The presence of risk – there will always be risk involved with
entrepreneurship, though smart entrepreneurs manage it.
• The desire to create value – entrepreneurs always strive to create
genuine value for their customers.
6. Definition of Entrepreneurship
For our purposes in this unit, we’re going to use the definition from Harvard
Business School professor Howard Stevenson:
“Entrepreneurship is the pursuit of opportunity without regards to resources
currently controlled”
What this means is, entrepreneurs strive to capitalise on opportunities as best
as they can, regardless of what they have available to them at the time. What it
doesn’t mean, is that entrepreneurs aren’t striving to get more resources down
the track!
7. Key Myths in Entrepreneurship
There are many myths associated with Entrepreneurship that discourage individuals from
pursuing opportunities.
Myth 1: Successful entrepreneurs have to be born, not made.
o Whilst many are born with the personality traits of successful entrepreneurs, wildly
successful entrepreneurs can indeed be made. In a project by TechCrunch, researchers
found that over half of the 500 successful entrepreneurs they studied, were the first in their
families to start businesses, and almost 75% of them were not interested in
entrepreneurship until after they finished university.
Myth 2: Entrepreneurs are wild gamblers
o Of course, becoming a successful entrepreneur requires taking risks. However, successful
entrepreneurs certainly aren’t wild gamblers. Instead, they take a rational approach to risk
identification, acceptance and mitigation, to ensure that chance is taken out of the equation
as much as possible.
8. Key Myths in Entrepreneurship
Myth 3: Entrepreneurs are motivated primarily by money
o Entrepreneurs do seek financial rewards yes. However, money is very
rarely the primary reason the most successful started out in a venture.
Consider this famous quote by Richard Branson
o "I don't go into ventures to make a fortune. I do it because I'm not satisfied
with the way others are doing business.”
It’s important to understand these myths so you understand that indeed,
entrepreneurship is available to everybody.
9. Drivers for Entrepreneurship
The idea of entrepreneurship is a romantic one for many. However, some of the
most successful entrepreneurs in history have come from circumstances that
were anything but romantic.
The drivers for entrepreneurship can essentially be categorised into two
categories:
- Need Entrepreneurship; and
- Opportunity Entrepreneurship
10. Drivers for Entrepreneurship
Need entrepreneurship considers those who have no option other than to go
into business for themselves.
They need to become entrepreneurs to look after themselves and/or their
families. This is often the case in many developing nations in which
employment opportunities are scarce, but also occurs in situations where
individuals lose their jobs and can’t find others, or, unsuccessfully attempt to
reenter the workforce after an extended time away.
11. Drivers for Entrepreneurship
Opportunity entrepreneurship on the other hand, considers those that chase
a dream, a passion or an opportunity. Not because they have to, but because
they want to.
With this in mind, it is easy to understand that opportunity entrepreneurship
takes place in those nations that have greater income levels, greater logistical
development and greater access to education. In summary, the developed
nations.
12. Small Business VS Entrepreneurship
Entrepreneurship and small business is often considered to be the same thing and, in many ways, it is. After all, they
are both about creating organisations to respond to opportunities.
However. There are some key differences that set the two apart:
The amount of wealth creation – While small businesses focus on simply generating an income stream that replaces
traditional employment, entrepreneurial ventures have a strong focus on large wealth creation.
The speed of wealth creation - While a successful small business can generate several million dollars of profit over a
lifetime, entrepreneurial ventures typically aim for the same result far more rapidly.
The risk involved - The risk of an entrepreneurial venture is often much higher, as it is this risk that often facilitates the
rapid rewards.
The innovation involved - Entrepreneurs will typically pursue substantially more innovation than other small
businesses, as a way to create unprecedented value to support the speed and size of growth they require.