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    428SHUBHASHEESH SAXENA
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    This document discusses entrepreneurship in India. It begins by comparing businessmen and entrepreneurs, noting that entrepreneurs start businesses with unique ideas and take more risks. It also distinguishes between managers and entrepreneurs. The document then outlines the entrepreneurial development process and notes that entrepreneurial activity has grown substantially in India since independence and an ecosystem now supports these activities. Data from GEM 2019 shows India's entrepreneurial framework conditions. The document concludes by contrasting traditional and new ventures.

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    This document discusses entrepreneurship in India. It begins by comparing businessmen and entrepreneurs, noting that entrepreneurs start businesses with unique ideas and take more risks. It also distinguishes between managers and entrepreneurs. The document then outlines the entrepreneurial development process and notes that entrepreneurial activity has grown substantially in India since independence and an ecosystem now supports these activities. Data from GEM 2019 shows India's entrepreneurial framework conditions. The document concludes by contrasting traditional and new ventures.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views13 pages

    Entrepreneurship in India

    Uploaded by

    428SHUBHASHEESH SAXENA
    This document discusses entrepreneurship in India. It begins by comparing businessmen and entrepreneurs, noting that entrepreneurs start businesses with unique ideas and take more risks. It also distinguishes between managers and entrepreneurs. The document then outlines the entrepreneurial development process and notes that entrepreneurial activity has grown substantially in India since independence and an ecosystem now supports these activities. Data from GEM 2019 shows India's entrepreneurial framework conditions. The document concludes by contrasting traditional and new ventures.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 13

    Entrepreneurship in India

    Dr. Neha Shah


    Businessman vs. Entrepreneur
    Businessman Entrepreneur
    Starts business with existing idea Starts business with unique idea
    or concept or concept

    Traditional Outlook Innovative and radical outlook


    Stay Safe Risk taker and accountable
    Hire people to increase business Hire people to give them
    productivity productivity

    Market Player Market leader


    (Creates place in existing market) (Creates new market)

    Usually profit oriented Usually customer oriented


    Dr. Neha Shah
    Difference between a Manager and an
    Entrepreneur
    Entrepreneur Manager
    Owner Salaried employee

    Bears financial risk Works for salary so doesn’t bear risk

    Driven by perception of opportunity Driven by the resources he currently


    posses

    Takes own decisions for business Executes the decisions of the owner for
    expansion smooth functioning of daily operations

    Hires employees He is an employee

    Uncertain rewards which can be Fixed rewards and salary


    unlimited
    Dr. Neha Shah
    Entrepreneurial Development Process

    Dr. Neha Shah


    Entrepreneurship in India

    Dr. Neha Shah


    • Substantial growth in entrepreneurial
    activities since independence.
    • From the dominance of upper caste/ rich
    entrepreneurs now it has reached to almost
    all sections of the society.
    • Sustainable ecosystem has developed (and
    continue to develop) to support the
    entrepreneurial activities.
    • At present, India is considered as a start up
    HUB
    Dr. Neha Shah
    Dr. Neha Shah
    Dr. Neha Shah
    Entrepreneurial Framework Conditions: India
    GEM- 2019

    Dr. Neha Shah


    Expert Ratings: 1 = highly insufficient, 5 = highly sufficient
    Traditional Vs. New Venture
    Traditional Venture New Venture
    • The worth of the business • The worth is based on
    was based on hard assets intangible valuation which
    cannot be mortgaged but
    can be bartered for equity
    capital
    • Funded by raising risk
    • Operating on Cost Plus
    capital based on the
    margin
    projection of expansion,
    even though there are piling
    up huge losses

    Dr. Neha Shah


    Traditional Vs. New Venture
    Traditional Venture New Venture
    • Give highest importance to • The new generation
    100% equity ownership. startups are not according
    Loss of equity is considered authority with ownership.
    as loss of control over the The founders see
    business themselves as CEO/ CXO

    Dr. Neha Shah


    • Phanindra Sama_ The RedBus journey.mp4

    Dr. Neha Shah


    References
    1. https://www.themoneygig.com/scope-of-ent
    repreneurship-in-india/
    2. https://www.spjimr.org/blog/entrepreneurs
    hip-india-then-and-now

    Dr. Neha Shah

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