Professional Documents
Culture Documents
An Assignment on
Profiles of
Entrepreneurs
Entrepreneurship Development
TASFIHA ISLAM INNY
Entrepreneurship
Entrepreneurship is the ability and readiness to develop, organize and run a business
enterprise, along with any of its uncertainties in order to make a profit. The most prominent
example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship connected with land, labor, natural resources and capital can
generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and is an
indispensable part of a nation’s capacity to succeed in an ever-changing and more
competitive global marketplace.
Who Is An Entrepreneur?
The word entrepreneur has its origin in the French language. An entrepreneur is an individual
who creates a new business, bearing most of the risks and enjoying most of the rewards. The
process of setting up a business is known as entrepreneurship. The entrepreneur is commonly
seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Entrepreneurs play a key role in any economy, using the skills and initiative necessary to
anticipate needs and bringing good new ideas to market. Entrepreneurship that proves to be
successful in taking on the risks of creating a startup is rewarded with profits, fame, and
continued growth opportunities.
Here profiles of 10 Bangladeshi and international entrepreneurs are given below:
Bangladeshi Entrepreneurs
1. Samson H. Chowdhury
Name Samson H. Chowdhury
Date of birth 25 September 1925
Birthplace Gopalganj, Bangladesh
Date of death 5 January 2012
Country origin Bangladesh
Contribution Chowdhury, Samson H is a leading personality of his time in
entrepreneurial drive, innovative ideas, business management and
human resource development. Samson H Chowdhury got his early
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fortune and fame from the Square Pharmaceuticals established in 1958
which was turned into a Public Limited Company in 1991. He made his
Square Pharmaceuticals a stepping-stone to further expansion of his
business initiatives. Soon he turned out an entrepreneurial leader in the
country. He organized his vast business investment and organizational
structure in a variety of ways.
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2. Dr. Muhammad Yunus
Name Muhammad Yunus
Date of birth June 28, 1940
Birthplace Chittagong, Bangladesh
Country origin Bangladesh
Contribution Muhammad Yunus is often referred to as "the world's banker to the
poor". His life's work has been to prove that the poor are credit-worthy
and he received the Nobel Prize for Peace in 2006.
The success of Prof Yunus' scheme exceeded all expectations and has
been copied in developing countries around the world.
His micro finance initiative reached out to people shunned by
conventional banking systems - people so poor they have no collateral
to guarantee a loan, should they be unable to repay it.
Prof Yunus has tried to transform the vicious circle of "low-income,
low saving and low investment" into a virtuous circle of "low income,
injection of credit, investment, more income, more savings, more
investment, more income".
It was so successful that even beggars have been able to borrow money
under his scheme.
Prof Yunus is renowned for living a simple life and does not seem to let
any of this criticism worry him - his supporters point that the Nobel
prize is the best answer to his critics.
The Grameen Bank has for some years been majority-owned by the
rural poor it serves - apart from the 25% stake held by the Bangladeshi
government.
Few disputes that Prof Yunus has created a legacy of real social change
in Bangladesh, earning international recognition for his poverty
reduction techniques, which have now been embraced by many Western
countries.
In 2000, Hillary Clinton famously remarked that Mr Yunus had helped
the Clintons introduce microcredit schemes to some of the poorest
communities in Arkansas.
"Microcredit is something which is not going to disappear... because
this is a need of the people," Mr Yunus told the BBC in 2002.
"Whatever name you give it, you have to have those financial facilities
coming to them because it is totally unfair... to deny half the population
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of the world financial services."
The high reputation enjoyed by Prof Yunus overseas was again made
clear in February 2011, when a group of charities led by former Irish
President Mary Robinson came to his defence, arguing that he had been
unfairly vilified by the government.
The Friends of Grameen group alleged that Prof Yunus had been
subjected to "politically orchestrated" and "increasingly aggressive"
attacks.
Mrs Robinson said that some highly visible poverty reducing private
microcredit experiences had been set up around the world because of
the pioneering work of Prof Yunus.
3. Ranadaprasad Shaha
Name Ranadaprasad Shaha (also RP Shaha)
Date of birth 15 November 1896
Birthplace Dhaka, Bangladesh
Date of death May 1971
Country origin Bangladesh
Contribution Ranadaprasad Shaha social worker and promoter of education, is well-
known as RP Shaha.
As Ranada Prasad began his career through rendering service to the
injured and ill persons in the battlefield, he continued this trend of
humanitarian services in different sectors of the society even after
becoming a successful business tycoon. He laid the foundation stone of
kumudini Hospital, named after his mother at Mirzapur in 1938 and
lunched the Shova Shundari Dispensary there in the same year in
memory of his grandmother. The construction work of Kumudini
Hospital began in 1943 and on 27 July; 1944, the Governor General of
Bengal Lord RG Casey inaugurated the 20-bed hospital formally,
Kumidini Hospital introduced the treatment of cancer patients in
Bangladesh for the first time back in 1953. A 50-bed TB ward was
opened in Kumudini Hospital in 1970. Ranada took up special measures
to train up poor and distressed rural women for meeting up the growing
need of nurses in his hospital.
Later a Nurse Training Centre was set up in the hospital campus. At
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present (2011), the number of beds in this hospital is 750. The hospital
authority bears all the expenses of treatment of the patients including
the fooding and accommodation. Ranada had a plan to establish a
medical college for women adjacent to Kumudini Hospital. His dream
was turned into a reality in 2001, after his death.
When famine broke out in 1943 in Bengal, Ranada served the starving
people by providing them with cooked food for four consecutive
months from several Langarkhana (Open kitchen for the distressed
people) set up in different places of the country including Kolkata,
Tangail and Mymensingh. He donated cash money to the Red Cross
fund for the welfare of humanity suffered due to the devastation of
World War-II in 1944. He constructed community centers, public
auditoriums and theatre halls beside hospitals, medical centers and
educational institutions. A separate Maternity department was setup in
the combined Military Hospital of Dhaka in 1958 by his initiative.
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trading concerns are being run by the Trust.
Today BRAC is one of the largest NGOs in the world, operating across
eleven countries in Africa and Asia. Its primary objectives are to
alleviate poverty and empower the poor. In 2018, for the third
consecutive year, BRAC was ranked first among the world's top 500
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NGOs by Geneva-based 'NGO Advisor' in terms of impact, innovation
and sustainability.
Sir Fazle has been honoured with numerous national and international
awards for his achievements in leading BRAC, including the LEGO
Prize (2018), Laudato Si' Award (2017), Jose Edgardo Campos
Collaborative Leadership Award, South Asia Region (2016), Thomas
Francis, Jr. Medal in Global Public Health (2016), World Food Prize
(2015), Trust Women Hero Award (2014), Spanish Order of Civil Merit
(2014), Leo Tolstoy International Gold Medal (2014), CEU Open
Society Prize (2013), Inaugural WISE Prize for Education (2011),
Entrepreneur for the World Award (2009), David Rockefeller Bridging
Leadership Award (2008), Inaugural Clinton Global Citizen Award
(2007), Henry R. Kravis Prize in Leadership (2007), Palli Karma
Shahayak Foundation (PKSF) Award for lifetime achievement in social
development and poverty alleviation (2007), UNDP Mahbubul Haq
Award for Outstanding Contribution to Human Development (2004),
Gates Award for Global Health (2004), Gleitsman Foundation
International Activist Award (2003), Schwab Foundation’s Social
Entrepreneurship Award (2003), Olof Palme Prize (2001), InterAction
Humanitarian Award (1998) and Ramon Magsaysay Award for
Community Leadership (1980).
The many honorary degrees received by Sir Fazle Hasan Abed include
those from Princeton University (2014), the University of Oxford
(2009), Columbia University (2008) and Yale University (2007).
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5. Bibi Russell
Name Bibi Russell
Date of birth 1950
Birthplace Chittagong, Bangladesh
Country origin Bangladesh
Contribution After graduating from London College of Fashion, Bibi Rusell worked
as a fashion model for a few years. She founded her fashion house Bibi
Productions in the year 1995 in Bangladesh.
Bibi Russell came back to Bangladesh in the late 90s and has since
started her entrepreneurial venture, the Bibi Russell Production House.
The distinct design element of her line incorporation elements of
Bengali and Ethnic culture gave her products a unique position in the
Bengali fashion landscape. Today her fashion house employs over
35000 rural artisans. Bibi Russell is a glaring example for the women
who want to venture into the world of fashion designing.
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International Entrepreneurs
6. Jeff Bezos
Name Jeffrey Pretson Bezos
Date of birth January 12, 1964
Birthplace Albuquerque, New Mexico, U.S.
Country origin U.S.
Contribution Most of us have heard the name of Jeff Bezos, who is a founder of
Amazon.com. He is the third richest man in the world after the great
investment Moghuls Warren Buffet (second) and Bill Gates at first place).
He is an American impresario and venture capitalist of the world’s largest
online shopping store. His courageous attitude and remarkable talent took
his simple online business of books to the world’s biggest online store for
multiple products and services.
Amazon's founder and CEO, Jeff Bezos, whose “real-time” worth Forbes
magazine estimates at roughly $188 billion, used the contribution to
launch his Bezos Earth Fund. The fund, which supports non-profits
involved in the climate crisis, has paid out $790 million to 16 groups so
far, according to the Chronicle.
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7. Elon Musk
Name Elon Reeve Musk
Date of birth June 28, 1971
Birthplace Pretoria, South Africa
Country origin South Africa
Contribution He is an extraordinary personality with an entirely different motive to
prove his talents. He is attempting to redefine transport on earth and
space. He is a South-African-born Canadian-American business
industrialist, shareholder, engineer, and architect. He is involved in
series of undertakings namely - CTO, CEO, and founder of SpaceX,
product designer of Telsa, founder, and chairman of SolarCity and
OpenAI, Zip2 and X.com. X.com appeared with Confinity took the
name of PayPal.
Elon Musk may just be the 21st century’s Thomas Edison. The prolific
inventor’s inventions have won him multiple entrepreneur and
innovator-of-the-year awards and are a regular topic of discussion
among both business leaders and consumers.
While some of the companies Musk has founded are more famous than
others, he has been actively inventing things since before he was a
teenager. Early efforts in software and software companies have since
evolved into consumer products and mass-transportation visions. And
although some of those visions may seem impossible at first glance,
Musk’s track record has muted many doubters. His breakthrough
thinking has helped him amass a net worth around $13.5 billion.
But there’s more to Musk than just the companies we’ve heard of.
Here’s a look at his wide range of revolutionary ideas, patents, products
and companies.
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8. Travis Kalanick
Name Travis Kalanick
Date of birth August 6, 1976
Birthplace Los Angeles, California, U.S.
Country origin U.S.
Contribution “Need is the father of invention”. This line fits perfectly to the founder
of UBER, a transportation network company. Uber’s founder Travis
once faced issue while traveling in Paris- he could not find a cab to get
to an important meeting. And then a company was born called Uber
Cabs, which solved the commuting problem faced by many people of
Paris. Today the business has spread to many nations, and the
convenience is provided at a total affordable pricing.
Uber faced complete or partial bans, with several court’s ruling that
Uber’s practices constituted unfair competition. Despite the regulatory
headwinds, Kalanick remained intent on international expansion,
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particularly in Asia.
9. Kiran Mazumdar-Shaw
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Name Kiran Mazumdar-Shaw
Date of birth 23 March 1953
Birthplace Bangalore, Karnataka, India
Country origin India
Contribution Kiran Mazumdar-Shaw is the founder of Biocon, an Indian
biopharma company. She began Biocon out of a rented shed and
grew it into India's largest listed biopharma firm in terms of
revenue. Biocon, a global company, went public in 2004 and
became only the second Indian company to reach $1 billion on its
first trading day. Mazumdar-Shaw is India's wealthiest self-made
woman, with a net worth of $4.1 billion.
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development) recognized her as a “Technology Pioneer” in 2000,
and Ernst & Young named her best entrepreneur in the field of
health care and life sciences in 2002. She was honored as the
businesswoman of the year by the Economic Times in 2004. In
2005 Mazumdar-Shaw also received the Padma Bhushan Award,
one of India’s highest civilian honors, for her pioneering work in
industrial biotechnology.
During the 21 years he led the Tata Group, revenues grew over 40
times, and profit, over 50 times. Where sales of the group as a whole,
overwhelmingly came from commodities when he took over, the
majority sales came from brands when he exited. He boldly got Tata
Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover and
Tata Steel to acquire Corus. All this turned Tata from a largely India-
centric group into a global business, with over 65% revenues coming
from operations and sales in over 100 countries. He conceptualised
the Tata Nano car. In 2015, He explained in an interview for the
Harvard Business School's Creating Emerging Markets project, the
development of the Tata Nano was significant because it helped put
cars at a price-point within reach of the average Indian consumer.
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Tata invested personal savings in Snapdeal – one of India's leading e-
commerce websites –and, in January 2016, Teabox, an online
premium Indian Tea seller, and CashKaro.com, a discount coupons
and cash-back website. He has made small investments in both early
and late stage companies in India, such as INR 0.95 Cr in Ola Cabs.
In April 2015, it was reported that Tata had acquired a stake in
Chinese smartphone startup Xiaomi. In October 2015, he partnered
with American Express, investing in Bitcoin venture Abra. In 2016,
he invested in Nestaway an online portal to find fully furnished flats
for bachelors which later acquired Zenify to start family rental
segment and online pet care portal, Dogspot. Tata Motors rolled out
the first batch of Tigor Electric Vehicles from its Sanand Plant in
Gujarat, regarding which Ratan Tata said, "Tigor indicates a
willingness to fast-forward India's electric dream. The government
has set an ambitious target to have only electric cars by 2030."
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program. It is seven stories tall, and about 155,000 gross
square feet. It houses approximately 180 bedrooms, in
addition to academic and multi-purpose spaces.
Tata Consultancy Services (TCS) has given the largest ever
donation by a company to Carnegie Mellon
University (CMU) for a facility to research in cognitive
systems and autonomous vehicles. TCS donated $35 million
for this grand 48,000 square-foot building that is called TCS
Hall.]
In 2014, Tata Group endowed the Indian Institute of
Technology, Bombay and formed the Tata Center for
Technology and Design (TCTD) to develop design and
engineering principles suited to the needs of people and
communities with limited resources. They gave ₹950 million
to the institute which was the largest ever donation received in
its history.
Tata Group, under the leadership of Ratan Tata formed the
MIT Tata Center of Technology and Design at Massachusetts
Institute of Technology (MIT) with a mission to address the
challenges of resource-constrained communities, with an
initial focus on India.
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