Entrepreneurship

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Meaning
The word entrepreneurship is derived from the

French word entreprende which means to undertake.

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Definition of Entrepreneur today

From Economical point of view:

An entrepreneur is the one who brings resources , labour, materials and other assets into combinations that make their value greater than before and also the one who introduces changes, innovations and a new order.

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Definition of Entrepreneur today

From Psychological point of view

Such is a person is typically driven by certain forcesthe need to obtain or attain something, to experiment, to accomplish or to have authority.

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Social Entrepreneurs
Vijay Mahajan : BASIX a NBFC for poor Pramod Kulkarni: PRERNA a NGO for poor

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Definition of Entrepreneur today

From Social point of view

Social Entrepreneurs are individuals with innovative solutions to societys most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide scale change. Social Entrepreneurs act as the change agents of the society.

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Entrepreneurship Vs. Management

Entrepreneurship

Creating something new New product, new method of production, new markets, new source of raw material Challenges the norm

Management

Protects Stewardship of existing resources

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Characteristics of an Entrepreneur
Drive Vision Perseverance Motivation Ambition Self-confidence Leader Self Satisfaction Survivor status Extrovert Competitive Results orientated Interpersonal skills Committed Innovative skills Risk taker Ability to bounce back Sociable
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