Entrepreneur intro, origin, process, method
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Entrepreneur intro, origin, process, method
Entrepreneur intro, origin, process, method
- 1. Entrepreneurship The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global marketplace. Read more: http://www.businessdictionary.com/definition/entrepreneurshi p.html
- 2. Entrepreneur • An entrepreneur is an individual who possesses qualities of risk-taking, leadership, motivation, and the ability to resolve cris • • Entrepreneurs are leaders and major contributors to the process of creative destruction • • An entrepreneur is an individual who undertakes uncertain investments and possesses an unusually low level of uncertainty aversion. (Kaufmann & Dant 1998:7) • Entrepreneurial attitudes and
- 3. Entrepreneur The word "entrepreneur" is derived from a French root ‘entreprendre’, meaning, "to undertake". The term "entrepreneur" seems to have been introduced into economic theory by Cantillon (1755) but Say (1803) first accorded the entrepreneur prominence. It was Schumpeter however, who really launched the field of entrepreneurship by associating it clearly with innovation (
- 4. Characteristics of Successful Entrepreneurs • Motivation -enthusiastic, optimistic and future-oriented • Creativity and Persuasiveness - opportunities. • Versatility -service or support • Business Skills - know-how, Self Evaluation • Risk Tolerance – researching, small scale • Drive • Vision • Flexibility and Open-Mindedness 9. Decisiveness
- 5. Role of entrepreneurship - Catalyst • Entrepreneurship promotes capital formation by mobilising the idle saving of the public. • It provides immediate large-scale employment. Thus, it helps reduce the unemployment problem in the country, i.e., the root of all socio-economic problems. • It promotes balanced regional development. • It helps reduce the concentration of economic power. • It stimulates the equitable redistribution of wealth, income and even political power in the interest of the country. • It encourages effective resource mobilisation of capital and skill which might otherwise remain unutilized and idle. • It also induces backward and forward linkages which stimulate the process of economic development in the country. • It also promotes country’s export trade i.e., an important ingredient to economic development.