ENTREPRENEURSHIP

How can entrepreneurs measure the dimensions of

the “window of opportunity”
• NAME- ISHIKA
• ROLL NO.- 22605020045
• SEMESTER 5TH
• DEPARTMENT BBA
• PAPER CODE BBA502
• COLLEGE CODE 226
• YEAR 3rd
CONCEPT OF ENTREPRENEURSHIP

Entrepreneurship is an innovative function. It is aleadership rather than an

ownership. The process of innovation may be in the form of
 Introduction of a New Product
 Use of a New Method of production
 Opening of a New Market
 The conquest of New Source of supplyingRaw Materials
Definition of Entrepreneurship

 The definition of entrepreneurship may be classified in

 Establishment of new enterprises based
 Function based▸ Combination based
 Decision making based
 Innovation based
 MEANING OF ENTREPRENEURSHIP

 The word entrepreneurship originates from the French word entrependre,

which means "to undertake".
 Entrepreneurship is the key to innovation,productivity and effective
competition.
 When a person realizes his ability or capacity and makes its practical use and
establishes new business unit this activity is known as entrepreneurship.
Components or Elements of Entrepreneurship

 Entrepreneur
 Pursuit of Opportunities
 Innovation
 Organisation Creation Creating Values
 Profit or Non-for-Profit
 Growth
 Uniqueness
 Process
Characteristics of Entrepreneurship:

 Innovation
 Risk-Bearing Capacity Creative Decision
 Creating & Managing Resources
 Managerial Skills & Leadership
 Gap Filling Functiono Business Oriented Tendency
 Economic Activity
 Producing ResultsLife Style
Importance of Entrepreneurship:

 Reduces Poverty Level

 Increases Employment
 Fulfills the Demand of people
 Helps to develop Economic Condition of a country
CAUSES OF FAILURE OF ENTREPRENEURSHIP

 Lack of visible concept

 Lack of market knowledge
 Lack of technical skill
 Lack of seed capital
 Lack of business knowledge
 Lack of motivationTime pressure & distractionsLegal constraints & regulations
Monopoly & protectionism
On the basis of Innovating, Imitative
Nature Fabian, Drone

On the basis of Sole, workpower builder, product Capitalinnovating,

Activity Format, Unusedresource user, take over, accumulating

On the basis of
Private, Government, Joint sector, Co-operative
Ownership
 CONCLUSION

 Entrepreneurship is the introduction of a new product or service through the

creation of a new company or the innovation of an existing organization.
Entrepreneurs search for change, respond to the change, and seize on the
change as an opportunity.
THANK YOU