ENTREPRENEURSHIP

By:
srinivas
Entrepreneurship: Stepping Stone for Your Success
 DEFINITION AND
MEANING
 Albert Shapiro – Entrepreneurs take initiative,
accept risk of failure and have an internal locus of
control.
 An Entrepreneurship signifies a continuous, ever
evolving, ever expanding opportunity for personal as
well as business growth and development
 SLOGAN
 A nice slogan was given
by
 SWAMI

VIVEKANANDA……
…
“YOU ARE THE
CREATOR OF YOUR
OWN DESTINY”
ENTREPRENEURSHIP SYSTEM
SUCCESSFUL ENTREPRENEURS
 The following are some of successful
Entrepreneurs:
 Mr. PATEL - Nirma Group of companies.
 Mr. NARAYANA MURTHY – Infosys
Technologies
 Mr. DHIRUBAI AMBANI – Reliance Group
 Mr. RAMOJI RAO – Eenadu Group
 Mr. LAKSHMI MITTAL – Mittal Iron Industries
 WHAT IS
ENTREPRENEURSHIP?
 It can be described as a process of action an
entrepreneur undertakes to establish his
enterprise.

 IT IS A CREATIVE ACTIVITY.
WHO IS AN ENTREPRENEUR
 He is a person who start
the business in search of
new challenges.
 He convert threat into
opportunity.
 He is creative and
innovative.
 ADVANTAGES OF
ENTREPRENEURSHIP

1.INCOME GENERATION :
It is the initial stage in the
entrepreneurial process in which one tries to generate surplus or
profit

2.SELF EMPLOYMENT:
It is the second stage in the entrepreneurial
process and refers to an individuals full time involvement in his
own occupation
 FUNCTIONS OF
ENTREPRENEUR

 1. INNOVATION:

 2. RISK BEARING:

 3. ORGANISATION BUILDING:
 EMPLOYMENT ≠ ENTREPRENEURSHIP

EMPLOYMENT : ENTREPRENEURSHIP:
 Works for others.  Own boss.

 Follow instructions.  Make own plans.

 Routine jobs.  Creative activity.

 Does not create wealth.  Creates wealth.

 Earning is fixed.  Earning can be negative

or positive.
ENTREPRENEUR VS MANAGER
 An entrepreneur is his
own boss.
 An entrepreneur initiates
change.
 An entrepreneur gets
uncertain rewards.
 An entrepreneur assumes
financial, material and
psychological risks.
 A manager is a hired
employee.
 A manager follows rules
and procedures.
 A manager gets fixed
rewards and salary.
 A manager does not
have to bear risks.
FUTURE ENTREPRENEUR
 CONCLUSION
 The identification and development of 1 st
generation entrepreneurs through
Entrepreneurial Development Programmes is
an important strategy.
 India needs entrepreneurs to capitalize on new
opportunities and to create wealth and new
jobs.