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RAM
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ENTREPRENEURSHIP BMS SEM VI 
MODULE- I
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The Concept of Entrepreneurship
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Definition of Entrepreneurship
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Need for Entrepreneurship
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Factors Influencing Entrepreneurship
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Emergence of Entrepreneurial Class
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Introduction
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Communities that promoted entrepreneurship in India
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Causes of slow growth of Entrepreneurship in IndiaFamily Business in India
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Stages of Evolution of Entrepreneurship
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Characteristics of Entrepreneurship
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Qualities of Entrepreneurship
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Entrepreneurial functions
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Classification of Entrepreneurs
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Difference between
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Entrepreneur & Manager
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Entrepreneur and Entrepreneurship
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Entrepreneur and Enterprises
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Entrepreneur and Administrator
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Entrepreneur & Intrapreneurship
 
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ENTREPRENEURSHIP BMS SEM VI 
INTRODUCTION
The ultimate measure of a manIs not where he standsIn moments of comfort and convenienceBut where he standsAt times of challenge and controversy.
-
Martin Luther King.The words entrepreneur, intrapreneur and entrepreneurship have acquiredspecial significance in the context of economic growth in a rapidly changingsocio-economic and socio-cultural climates, particularly in industry, both indeveloped and developing countries. Entrepreneurial development is acomplex phenomenon. Productive activity undertaken by him and constantendeavor to sustain and improve it are the outward expression of this processof development of his personality.
WHO IS AN ENTREPRENEUR?
An entrepreneur is a person with a dream, originality and daring, who acts asthe boss, who decides as to how the commercial organization shall run, whoco-ordinates all activities or other factors of production, who anticipates thefuture trend of demand and prices of products.An entrepreneur is one of the important segments of economic growth.Basically he is a person responsible for setting up a business or an enterprise.Infact, he is one who has the initiative, skill for innovation and who looks forhigh achievements. He is a catalytic agent of change and works for the goodof people. He puts up new green-field projects that create wealth, open upmany employment opportunities and leads to the growth of other sectors.The entrepreneur displays courage to take risk of putting his money into anidea, courage to face the competition and courage to take a leap into unknownfuture and create new enterprises/ business. This creative process is the lifeblood of the strong enterprise that leads to the growth and contributes to thenational development.The entrepreneur will always work towards the creation and enhancement ofentrepreneurial society.
 
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ENTREPRENEURSHIP BMS SEM VI 
The best entrepreneur in any developing country is not the one who usesmuch capital but an individual who knows how to organize the employmentand training of his employees.A classic example is that of Mr. Dhirubhai Ambani because he had all thedynamic qualities of a successful entrepreneur, as a result of which today, hewas the owner of the largest private company in India. All decisions which hehad taken to grow were instinct and no one had taught him to take decisions.
BASICS OF AN ENTREPRENEUR
We can define entrepreneur as one who innovates, raises money, assemblesinputs, choose managers and sets the organization going with his ability toidentify them.As per
Peter Drucker
- “An entrepreneur is one who always searches forchange, responds to it as an opportunity. Entrepreneurs innovate. Innovationis a specific instrument of entrepreneurship”.As per
Joseph A. Schumpeter-
“Entrepreneur is one who innovates, raisesmoney, and assembles inputs, chooses managers and sets the commercialorganization going with his ability to identify them and opportunities whichothers are not able to identify and is able to fulfill such economicopportunities”.
Organization
Urge
InnovationSkill RiskVision EnterpriseGrowthManagement
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