Entrepreneurship
Concepts
ne was derived frm te French Word
‘entreprencre” which means “to urderake”(Krato, 2016).
+The usage of the term entrepreneur can be raced rom 2755,
wherein an entrepreneur was descrived to "buy te country produce
{om those wna Bring orto order tobe brought on ther acount.
‘They pay certain pie to resell wholesale oretal ata uncer
price (Cantilon, 1933, 51; Hamiton & Harper, 1934
Entrepreneur fom the very bepnnng, was principally an
independent speclatr ofthe commodity (Hamiton & Harper,
Caen ‘
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+ Entrepreneurship has become increasingly important for
businesses of al sizes around the world,
+ opens new opportunities and possibilities for the businesses
ta create values fr themselves and fr the society a are.
+ Despite its popularity, studies suggest that the scope of
entrepreneurship remains unknown, and therefore the
prospects of entrepreneurial activities remains not fully
Fealised
+ Highlights some aspects concerning the concept of
entrepreneur entrepreneurship, entrepreneurial process and
inalythe entrepreneurship opportunities and challenges.
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+ In the modern-day markets, the term entrepreneur has been
Closely linked with economic cevelopment,
+ An economic development can emerge due to
which incudes:Economists may view entrepreneurs a those who bring
resources together in unusual combinations to generate profts.
+ Psychologists tend to view entrepreneurs in behavioral terms
25 thove achievement oriented incviduals driven to seek
challenges and new accomplishments,
+ Peter Drucker states, as “Entrepreneur s someone who always
searches for change, responds to and exploits it as an
opportunity”
"lec er ces cle Rand when hopes spr a
Entrepreneurs are people who have the ability
an entrepreneur 3 challenge is
dificle ask ane the commitment to undertake the required
enterprise
Reed
The Difference Between Ideas and Opportunities
concept actionable
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+ Phi tibin, co-founder and former CEO of Evernte, once said
there ae "lots of bad reasons to start company. Aut there's
only one good, legitimate reason... t'sta change the work
+ Evernote is an example ofan entrepreneurial start-up. is goal
isto make our lives more organized and increase our personal
‘memory abilities by storing necessary and desired information
on the Evernote app. Evernote i designed to capture
information through note taking (including pictures, web pages,
drawings, and even audio), track and organize ths material,
and then save and archive the information
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that no one ele has dented orate on. Ths combination of ecomang
Speorunty swat dtinguster sn oteperer roma sa buses
te anew proces or produc bsness that ets anew osnique
‘smal buses owner may as bean enteprneur—they se net mssaly
ere
+ themaln characters of ne enteprenaur re dato ther socaopea
+ Entrepreneur undertake maderate rs, which ey hay ok for
‘char entry new by tre »
+ Eceprencurs hae the tendency tobe product ad een wthcent
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eter
(Gotommemestcom oe nee 6 082 a Grech
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nthe own foo or prospects witout eee to Te
Etrepreneuship isthe creston of organstons. What ferent
Inve nonsnantoncreaton while nist sppreschas ay entepreneut
[aoet of pesonatey rts and crac” oro C688 pal
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+ Achievement entepreneut
+ Primary asocited withthe dese to schieve,
+ These types ofindviuas re sully having an norms aroun ot
+ These types finda ta godin seven several Busnes rtd
pistons (Coarud&Grnnbuck, 207).UT x Sey 5
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softside ofthe management aspects _ + thet indus olen posts reat ideas -
+ These people ae types forhavng te felngs of he consumers’ needs + They have the caabitis to develop ovate processes ad in
2rd wants roel produto eres for rche mares
+ Theyusual use the sof sles 2pproach whist pursuing the row of + Asthere indo poses quate to reat several ideas theyhavea
They have enormous tae fr connecting wth people epand mos of + Although nee nave posese goo natal iaigene tomate
‘aterm rugs (re rates 207),
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+ Thea iy fount postions of hgh auto, chases
+ Ther waysto sel are aerent they empoy ope and careful thought
strong nmanaig est besos cad & rc, 207)Cea ed Ce eats A
[a expansion of entreprenewal atte tough te advent ofthe internet
‘no ths enloson a ecommerce onal ie.
[p)ntegrtionn socal and pies abies eer emerging economies
lelincresng economic stutionsin mile nome noutenles several
{c\evivra rods chee stractres sree devas a
(inereate engagements in gat mart oncening oc resporsty
snd thes aathanran& Gls, 2012
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Cartan chalarges Some of oe challenge ae meine area
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income, masnning sn os come works wel fr many enrepeneur
Entrepreneurship challenges A
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+ Economie gromth
+ New industry formation
+ Jeb creation,
(Gotommemmstcom wed nee 6 082 a Grech
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+ Most new ventures succeed because their founders are capable
Inviduas
+ Incremental growth of product or services
‘Marketing and timing: Market potentials ertcaly influenced
by timing of new products or services
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+ Vion speke to what he eepreneur wants te basins ook ken
We might ove a problem st fhe vale propostion ist eevant or seen
{rea bythe customer the verte wal rool not be sce
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1. How Can You Pat ou Strengths to Work?
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Thinking Decides Vision, Vision Decides Achievement A
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THANK YOU
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