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Entrepreneurship Ramky

Entrepreneurship Ramky

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Published by: api-3823681 on Oct 18, 2008
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03/18/2014

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RAMB
- 1-
ENTREPRENEURSHIP BMS SEM VI
MODULE- I
\u00d8The Concept of Entrepreneurship

vDefinition of Entrepreneurship
vNeed for Entrepreneurship
vFactors Influencing Entrepreneurship

\u00d8Emergence of Entrepreneurial Class

vIntroduction
vCommunities that promoted entrepreneurship in India
vCauses of slow growth of Entrepreneurship in India

Family Business in India
vStages of Evolution of Entrepreneurship
\u00d8Characteristics of Entrepreneurship

vQualities of Entrepreneurship
vEntrepreneurial functions
vClassification of Entrepreneurs

\u00d8Difference between

vEntrepreneur & Manager
vEntrepreneur and Entrepreneurship
vEntrepreneur and Enterprises
vEntrepreneur and Administrator
vEntrepreneur & Intrapreneurship

RAMB
- 2-
ENTREPRENEURSHIP BMS SEM VI
INTRODUCTION
The ultimate measure of a man
Is not w here he stands
In moments of comfort and convenience
But where he stands
At times of challenge and controversy.
-Martin Luther King.

The words entrepreneur, intrapreneur and entrepreneurship have acquired special significance in the context of economic growth in a rapidly changing socio-economic and socio-cultural climates, particularly in industry, both in developed and developing countries. Entrepreneurial development is a complex phenomenon. Productive activity undertaken by him and constant endeavor to sustain and improve it are the outward expression of this process of development of his personality.

WHO ISAN EN TREPREN EUR?

An entrepreneur is a person with a dream, original ity and daring, who acts as the boss, who decides as to how the commer cial organization shall run, who co-ordinates all activities or other factors of production, who anticipates the future trend of demand and prices of products.

An entrepreneur is one of the important segments of economic growth. Basically he is a person responsi ble for setting up a busi ness or an enterprise. Infact, he is one who has the initiative, skill for innovation and who looks for high achievements. H e is a catal ytic agent of change and w orks for the good of people. He puts up new green-field projects that create wealth, open up many employment opportunities and leads to the growth of other sectors.

The entrepreneur displays courage to take risk of putting his money into an idea, courage to face the competition and courage to take a leap into unknown future and create new enterprises/ busi ness. This creative process is the life blood of the strong enterprise that leads to the grow th and contributes to the national devel opment.

The entrepreneur will always work towards the creation and enhancement of
entrepreneurial society.
RAMB
- 3-
ENTREPRENEURSHIP BMS SEM VI

The best entrepreneur in any developing country is not the one who uses much capital but an individual who knows how to organize the employment and training of his employees.

A classic example is that of Mr. Dhirubhai Ambani because he had all the dynamic qual ities of a successful entrepreneur, as a result of which today, he was the owner of the largest private company in India. All decisions which he had taken to grow were instinct and no one had taught him to take decisions.

BASICSOF AN ENTREPRENEUR

We can define entrepreneur as one who innovates, raises money, assembles inputs, choose managers and sets the organization going with his ability to identify them.

As perPeter D rucker- \u201cAn entrepreneur is one who always searches for change, responds to it as an opportunity. Entrepreneurs innovate. Innovation is a specific instrument of entrepreneurship\u201d .

As perJoseph A. Schumpeter- \u201c Entrepreneur is one who innovates, raises money, and assembles inputs, chooses managers and sets the commercial organization going with his ability to identify them and opportunities which others are not able to identify and is able to fulfill such economic opportunities\u201d .

Organization
Urge
I nnovati on
Skill
Risk
Vision
Enterprise
Growth
M anagement

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