Managerial process skillls 2

 Regular attendance
 No one allowed to enter late
 Regular submission of assignments
 For group assignment, peer feedback form to
be filled and submitted.
 Defaulter in attendance will not get 10 marks
of attendance.

 Dynamics of entrepreneurship: Commitment
& determination: Leadership
 Dynamics of entrepreneurship: Opportunity
obsession: Tolerance of risk
 Dynamics of entrepreneurship :Ambiguity &
uncertainty; Creativity , self-reliance and
ability to adapt

 Dynamics of entrepreneurship-Support from
significant others ;motivation to excel
 Intrapreneurship and Entrepreneurship
 Entrepreneurship project
 Method for generating ideas
 Creative problem solving techniques
 Lateral thinking
 Analytical skills

1. Internal Marks:40 marks
 Group assingment-20marks
 Individual assingment-10 marks
 Attendance-10marks
 Date of submission:31 march2011

1. End term exam:60 marks

 An economist defines an entrepreneur as one
who brings resources, labour ,material and
other assets into combinations that make
value greater than before and also one who
introduces changes , innovations and new
order.
 A psychologist defines an entrepreneur as a
person who is typically driven by some forces ,
which creates a desire to obtain or attain
something.

A sociologist defines entrepreneur as a
person whose actions would determines his
social status and who contributes to the
development of the society.
 Management experts define entrepreneur as
a person who has vision and generates an
action plan to achieve it.

“ Entrepreneur is an individual who takes
risks and starts something new.”

1755 Cantillon “A person bearing risk”
1800 say “Agent combining all factors of production”
1921 Knight “Recipient of pure profit”
1930 Weber Innovator
1934 Joseph “Ability to identify new opportunities”
Schumpeter
1973 Kirzen “Contributes to movement towards
equilibrium”
1982 Mark Casson “Judgment decision maker in co-ordinating
scarce resources”
1987 Stevenson “The relentless pursuit of opportunity”
&Sahlman
1920 Gartner “Action taken to create organization”

1991 Bygrave “Characteristics of the entrepreneurial
&Hofer process”

 According to schumpeter innovation is not
same as invention , it can be any of the
following:
 The introduction of a new product
 Adoption of new technology
 Opening up of a new market
 Finding of new source of supply
 Bringing about new organization of an
industry.

 According to Frederick Harbison “ an
organization which comprises all the people
required to perform the entrepreneurial
function” like:
 Managing risk and handling of economic
uncertainty
 Planning and innovation
 Coordination ,administration and control
 Routine supervision

 Peter Drucker defines an entrepreneur as
“one who always search for change ,responds
to it ,and exploits it as an opportunity”.
 Max Weber defined entrepreneur innovation
as an outcome of thoroughgoing rationalizing
of every aspect of his enterprise.
 According to David McClelland ,entrepreneur
are high on need for achievement(nAch).
 Le Vines shifts the emphasis from prevalent
values to the social structure for need for
achievement.

 Thomas Cochran considers entrepreneurship
to represent a model personality which is a
consequence of prevalent cultural values ,
role expectation and social sanctions.
 John Kunkel consider both behavioral and
structural approach to entrepreneurship.

 Vision
 Knowledge
 Desire to succeed
 Independence
 Optimism
 Value addition
 Leadership
 Hardworking
 Risk taking ability

 Commitment and determination
 Desire of responsibility
 Opportunity obsession
 Tolerance for risk ,Ambiguity and uncertainty
 Self- confidence
 Creativity and flexibility

 Desire for immediate feedback
 High level of energy
 Motivation to excel
 Orientation to the Future
 Willingness to learn from Failure
 Leadership ability

 Technical skills
Writing
Oral communication
Interpersonal
Technology
Ability to organize
Networking
Coaching
Guiding

 Business management skills:
Planning and organizing
Decision making
Controlling
Negotiating
Human relations
Financing
Marketing

 Personal skills:
Discipline
Risk taking
Innovating
Change oriented
Persistent
Visionary leader

Managerial process skillls 2

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Managerial process skillls 2