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EM Session 1

EM Session 1

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Published by Rahul Tank
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Published by: Rahul Tank on Feb 10, 2013
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02/10/2013

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Entrepreneurship management

Concept – Meaning and definition  Scope of the subject  Need for Entrepreneurship development  Qualities of a successful entrepreneur

responds to it and exploits it as an opportunities.J B Say coined the term Entrepreneur Joseph Schumpeter – Innovation Peter Drucker.The entrepreneur always searches for change.Entrepreneurship management  Definition.   .

 Definition evolved from work done at Harvard Business school – Entrepreneurship is the process of creating or seizing opportunity and pursuing it regardless of the resources currently controlled. .

Doing new things or finding a new way of doing existing process.social.Entrepreneurship management  Entrepreneurship – Composite skill – mix of qualities and traits Creative and innovative response to the environment. education. agriculture and many more. business.   .

Entrepreneurship management    Bearing risk Innovation Response to given situation .

Entrepreneurship management Scope of the concept –  Business  Agriculture  Public administration  Service sector  Social work  .

Government and education 1970 to1984 – job creation by small and medium businesses  .Entrepreneurship management  Need for entrepreneurship development- American economyThree decades prior to World War.High tech jobs. Post World War – Industries.

Entrepreneurship management Kondratieff – Russian economist of 1930s  Collectivization of farming would lead to fall in production.  Kondratieff wave – Fifty years of cycle – 20 years of expansion and last 20 years of stagnation  .

Entrepreneurship management  High tech industry did not crate no. High tech and low tech job creators  . stagnation period were by entrepreneurial economy.  Jobs created in K. of jobs matching to the number lost by old industries.

 British rules – Chartering new cities.  .Global Entrepreneurship Management Report –  High incidence of entrepreneurship worldwide HBR – Hong kong way –  Shunkworks to create pioneers for building something new.

  Deng – Xiaopong .SEZ Stages of capitalism –  Managerial capitalism – 1932 – 1976  Shareholders capitalism – 1976  Customer driven capitalism .

  Focus on customer values – Customer satisfaction over shareholders value- .

Achievement  High level of motivation  Risk bearing capacity  Perseverance  Self confidence and Self esteem  Excellent leadership  Vision and perception  .Entrepreneurship management Qualities –  N.

Entrepreneurship management Team building ability  Ethics and values  .

Entrepreneurship management  Narayan Murthy – Better India Better World. .

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