![•The word entrepreneur is derived from the French word
entreprendre which means 'to undertake or to
try'.[Richard Cantallion 1775].
•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.](https://image.slidesharecdn.com/classppt1-250529080213-d3fd5a36/85/Introduction-to-Entrepreneurship-14-320.jpg)
Introduction to Entrepreneurship........
- 3. Introduction to Entrepreneurship “To understand the theoretical framework of Entrepreneurship” Unit – 01 Dr.Shaik Mahaboob Syed Professor Department of Management Studies VIGNAN’S Deemed to be University Guntur A.P dr.mahaboobsyed@gmail.com
- 4. Introduction to Entrepreneurship 3 Key Concepts EEE IIII II I Entrepreneurship Entrepreneur Enterprise
- 5. Enterprise? • Enterprise is defined as a legal entity possessing the right to conduct business on its own. • business ? Any activity with motto of profit. business must not be an organization. Example – rewards for financial transactions Interest – Finance commission – Consultant,Buero etc.
- 6. Entrepreneur? ✔An entrepreneur is a person who combines Capital & Labour for the purpose of Production. ✔ who establishes & undertake the risk of Business Production Capital Labour
- 8. Entrepreneurship? ✔Entrepreneurship is an attitude of entrepreneur ✔Entrepreneurship is the process of Planning, Organizing, Operating & assuming the risk of a business venture. ✔Entrepreneurship requires a special blend of courage, self confidence and skills all which determine the success or failure of an enterprise.
- 9. • Entrepreneurship is the practice of forming a new business or commercial enterprise usually in an industry/sector. • Entrepreneurship is a key driver of our economy. • Entrepreneurship helps to promote Innovation. • Entrepreneurship helps to increase Optimization. ✔ optimization = Maximum Gain / Minimum Efforts Technology enabled organizations : E-Commerce org.
- 10. Relationship
- 11. Importance of Entrepreneurship Entrepreneurship is a key driver of our economy.
- 12. Definitions ✔Entrepreneurship is a philosophy or process through which an entrepreneur seeks innovation and employment. ✔Entrepreneurship is the Process of creating something new and assuming the risks and rewards. Robert D.Hisrich, M.P.Peters & D.A.Shepherd Person Process Object Entrepreneurship Entrepreneur Innovation
- 13. ✔ Entrepreneurship is the process of creating something different with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, social risks and receiving the resulting rewards of monetary and personal satisfaction and independence. ✔ Shane (2003) defines Entrepreneurship as an activity that involves the discovery, evaluation and exploitation of opportunities to introduce new goods and services, ways of organizing markets, processes and raw materials through organizing efforts that previously had not existed
- 14. •The word entrepreneur is derived from the French word entreprendre which means 'to undertake or to try'.[Richard Cantallion 1775]. •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.
- 16. History and Evolution of Entrepreneurship
- 17. Types of Entrepreneurs Innovative Imitative Fabian Drone
- 18. Innovative entrepreneur • Innovative entrepreneur is one who always looks at providing an opportunity for introducing new technique of production process or a new commodity or a new market Examples INNOVATION Amazon Uber
- 19. Imitative Entrepreneur • These persons do is to just imitate the successful entrepreneurs in techniques, technology innovated by others. • Known as Adoptive Entrepreneurs Examples ✔ Flipkart was founded in October 2007 in Mumbai by Sachin Bansal and Binny Bansal, alumni of the IIT, Delhi and former Amazon employees. ✔ Ola Cabs (stylized as OLΛ) is an Indian multinational ridesharing company.
- 20. Fabian Entrepreneurs •These persons neither introduce new changes nor adopt new methods. •They are lazy and follow old customs, traditions and sentiments. •Traditionally bounded Entrepreneurs •Known as Traditional Entrepreneurs. Example : Kodak
- 21. Kodak Company • Kodak Company, which doesn’t need any sort of introduction. They were once a top brand for manufacturing analog cameras. However, they didn’t adopt modern technologies nor make any notable modifications to their products. The company was too late to introduce digital cameras as other brands used this opportunity. Many other companies with a similar approach, including Panasonic, lost their position due to this form of entrepreneurship
- 22. Drone Entrepreneurs •These Entrepreneurs never allow any change in their production and the style of functioning. •They never explore opportunities nor are prepared to take any risk. •Also called as Laggards
- 23. Other types •Women Entrepreneurs •Edu Entrepreneurs •Agriculture Entrepreneurs •Trading Entrepreneurs •Technical & Non Technical Entrepreneurs •Small, Medium & Large Scale Entrepreneurs
- 24. Myths of Entrepreneurship (Misconceptions) 1.It takes a lot of money to finance a new Business Entrepreneur can start his business in less money Example : Infosys was started with only Rs.10000 2.Banks do not lend money to startups Government has implemented many schemes to provide finance to startups. Example : IDBI,SIDBI were established to finance new Business. MUDRA SCHEME
- 25. Misconceptions 3.Entrepreneurs are born not made Many people think that entrepreneurs are born, not made but the truth is that a person who learns the necessary skills can become an entrepreneur 4.Entrepreneurs think only about money It is wrong – they do it for passion, financial independence, flexibility & control.
- 26. 5.Thery only requirement is good Idea Many people believe that it is necessary to have a good & unique idea for a successful enterprise. But this is misleading because success of enterprise also depends on right planning,talent,leadership of communication. 6.Entrepreneurs are their own boss It is a myth Customers & Investors are boss. 7.Entrepreneurs take lot of risk Risk is the part of any business Risk = Reward
- 29. ✔ Women Entrepreneur it may be defined as a women Or group of women who initiate, organize and run A business enterprise.
- 30. Women Entrepreneurship in India
- 34. Training