Entrepreneurship

• She is the first woman in the country to step into the field of brewing and industrial enzymes. Kiran
Mazumdar founded Biocon India - owned 70 per cent by Kiran and 30 per cent by the Irish company.

• set-up Biocon 30 years ago in the garage of her rented house. In fact, the garage doubled up as her office.
she had to make the most of available resources and started with Rs 10,000 in the bank.
• Challenges then :
• credibility challenges:
• age,
• gender and unfamiliar business .
• the technological challenges of trying to build a biotechnology business in a country where infrastructure
was too primitive to support a high-tech industry
• Her business was so dependent on uninterrupted, high-quality power, high-quality water, sterile labs,
imported research equipment, advanced scientific skills and the like.

• Today :
• Biocon is India's leading integrated biotechnology enterprise focused on the development of
biopharmaceuticals. Biocon entered the stock market with its IPO and became only the second Indian
company to cross the $ 1 billion mark on the day of listing
• From rags to riches:
• He started his career as a dispatch clerk before becoming the distributor for Shell Products. He was later promoted as a manager
in an oil filling station at the port of Aden.
•
D.A. returned to India after 10 years and found Reliance Commercial Company with a capital of Rs.15000/ in Masjid Bunder
in Mumbai in a 350 Sq.ft. space with one telephone, one table, three chairs and with a business mission of importing polyester
yarn and exporting spices.
•
* What the Corporate Houses of Tatas, Birlas and Dalmiahs achieved and dominated over a period of a century, Dhirubhai
Ambani could achieve within a short period with a razor like sharpness and business acumen.

* Dhirubhai Ambani proved to be a king in his diversification plans into Petro Chemicals, Energy, Power, Information
Technology, Telecommunications, Capital Markets, Retails and so on.

* RIL is now India's largest Private Sector with turnover over US$19.976 billion backed by a profit over US$2.03 billion.

* 25% of share holders in India own a RIL Scrip.

* Fortune Global 500 featured RIL in 342nd rank in 2006. Forbes Global featured RIL at 295 spot in 2000.

*Chemtech and Chemical Engg.World gave the" Man of the Century " award in Nov 2000 to Dhirubhai Ambani.

* Dhirubhai won the " Dean's Medal " of Wharton School, University of Pennsylvania in June 1998 for " Outstanding
Leadership "

* FICCI conferred the title " Man of 20th century " on D.A.in 2000.

* Times Of India in 2000 voted Dhirubhai Ambani as the greatest creator of wealth in the country.
• The Shahnaz Husain Group is India's leading company in the field of natural beauty and anti-
aging treatments.
• Shahnaz Husain belongs to a royal Muslim family which migrated from Samarkhand to India
and later held high positions in the princely kingdoms of Bhopal and Hyderabad before India's
independence.

• she set up her own salon at her house in Delhi with an initial investment
• of Rs 35000.

• today, her company, Shahnaz Husain Herbals is one of the largest manufacturers of herbal
products in the world. It formulates and markets over 400 products for various beauty and
health needs and has a strong presence across the globe, from the USA to Asia.
• Born in Paris on July 29, 1904, Jehangir Ratanji
Dadabhoy Tata was the second child of Ratanji
Dadabhoy Tata and his French wife Sooni.
• Under his leadership, the Tata assets climbed
from Rs 62 crore (Rs 620 million) in 1939 to
over Rs 10,000 crore (Rs 100 billion) in 1990.
What does entrepreneurship involve?

• Wealth Creation

• New Venture Management

• Innovation

• Creativity

• Risk Taking
What is entrepreneurship ?

It is the process of


creating something new

by devoting...

by assuming certain ... risks

and receiving some ... rewards
 What is entrepreneurship ?

“It is the process of creating something new, with value, by devoting the necessary
time and effort

assuming the accompanying financial, psychic, and social risks,

and receiving rewards of monetary and personal satisfaction and independence”

 What is entrepreneurship ?

“It is the process of creating something new, with value, by devoting the
necessary time and effort

assuming the accompanying financial, psychic, and social risks,

and receiving rewards of monetary and personal satisfaction and independence”

CREATING VALUE
What is entrepreneurship ?

Delivering Value to Customers who are

willing to Pay an amount which covers your Costs
 What is Entrepreneurship ?

A pursuit of the opportunities regardless of the resources.

Harvard Business School

 What is Entrepreneurship ?

A pursuit of the opportunities regardless of the resources.

THE OPPORTUNITY
 What is Entrepreneurship ?

A pursuit of the opportunities regardless of the resources.

LEVERAGING
RESOURCES
 What is Entrepreneurship ?

Opportunity identification

Leveraging resources

Value creation
What is Entrepreneurship ?

Opportunity identification

Leveraging resources

Value creation
 Who is an Entrepreneur ?????

1. Entrepreneur is one who brings resources, labor, materials, and other

assets into combinations that make their value greater than before, and
also one who introduces changes, innovations, and a new order.
 Types of entrepreneurs
Innovative Entrepreneurs: An innovative entrepreneur is one who launches
new products, discovers new markets, establishes new methods of production
and restructures the enterprise. They focus on revolutionalisation and
development.

Imitative Entrepreneurs: Imitative Entrepreneurs adopt victorious

innovations launched by the innovative entrepreneurs. They duplicate the
technology and techniques innovated by others and they are suitable for
underdeveloped countries.

Fabian Entrepreneurs: Fabian entrepreneurs are exemplified by great

caution and skepticism in experimenting any change in the organization. They
imitate only in situations where it becomes necessary to do so.

Drone Entrepreneurs: Drone Entrepreneurs suffer losses, as they refuse to

make any modifications in the existing production methods.
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Tips for the Entrepreneur NENOnline.flv

lecture from standford.m3u