Definition of Entrepreneur

An Entrepreneur is one, who innovates, raises money, and assembles inputs, chooses managers and sets commercial organization going with his ability to identify them and opportunities which others are not able to identify and is able to fulfill such economic opportunities. by Joseph A Schumpeter
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Definition of Entrepreneur


An Entrepreneur is one, who always searches for change, responds to it as an opportunity. Entrepreneurs innovate. Innovation is the specific instrument of entrepreneurship. by Peter Drucker

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Definition of an Entrepreneur


An Entrepreneur is one who is endowed with more than average capacities in the task of organizing and coordinating the various factors of production. He should be a pioneer, a captain of industry. by Walker

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The Entrepreneur
 

 

 

Risk Taker, Self Confident, Optimist Has need for Achievement, for Independence Imaginative, Creative Good Communicator, Administrator & Organizer Emotionally stable, open-minded openTechnically knowledgeable, Patience, Hard & Energetic worker
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Entrepreneurship


Is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence.

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Entrepreneurship


Entrepreneurship is based on purposeful and systematic innovation. It included not only the independent businessman but also company directors and managers who actually carry out innovative functions Schumpeter

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Entrepreneurship


  

The Entrepreneur is the maestro of the business orchestra, wielding his baton to which the group is playing. Entrepreneurship is a process of creating value by bringing a unique combination of resources to exploit an opportunity Two very important components 1. Innovation 2. Propensity to take calculated risks
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What is Innovation?


Innovation is the creation of better or more effective products, processes, services, technologies or ideas. These should be acceptable to markets, governments and society. Innovation means the use or application of a new idea. Invention means discovery or creation of the idea or method itself.
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Why Innovate?
 

Innovation is the catalyst to Growth. Continual innovation is paramount for any firm to maintain competitive advantage . Search for better ways to satisfy the consumer base with improved quality, durability, service and price through innovation.

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Teflon


Polytetrafluoroethylene (PTFE was accidentally invented by Roy Plunkett of Kinetic Chemicals in New Jersey in 1938. While Plunkett was attempting to make a new CFC refrigerant, the tetrafluoroethylene gas in its pressure bottle stopped flowing before the bottle's weight had dropped to the point signaling "empty." Since Plunkett was measuring the amount of gas used by weighing the bottle, he became curious as to the source of the weight, and finally resorted to sawing the bottle apart. Inside, he found it coated with a waxy white material which was oddly slippery. Analysis of the material showed that it was polymerized perfluoroethylene, with the iron from the inside of the container having acted as a catalyst at high pressure. Kinetic Chemicals patented the new fluorinated plastic (analogous to known polyethylene) in 1941 and registered the Teflon trademark in 1945 .
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Innovation


In 1954, a French engineer Mark Gregoire created first pan coated with Teflon nonnonstick resin under the brand name of Tefal after his wife urged him to try the material he had been using on fishing tackle on her cooking pans.

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Zipper


Invented by Gideon Sundback, a Swedish American electrical engineer. He was hired by Universal Fastener Company in Hoboken, New Jersey in 1906. By 1913 he had designed modern Zipper

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Velcro


 

Was invented by George de Mestral, a Swiss electrical engineer. Patented in 1955 Refining and developing its practical manufacturing until its commercial production in the late 1950s.

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Creativity


A person creates something new (a product, a solution, a work of art, a novel, a joke, etc.) that has some kind of value. Is there the relationship between creativity and general intelligence ? Is there potential for fostering creativity through education and training, especially as augmented by technology?
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Thinking Correctly The Rules Say No! Logic Can Be a Barrier Playing is NOT Constructive Adherence to Conformity

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Entrepreneurship is neither a science nor an art. It is a practice. It has knowledge base. Knowledge in entrepreneurship is means to an end. Indeed , what constitutes knowledge in practice is largely defined by the ends, that is, by the practice. Peter Drucker
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Development Program
 

Induce attitudinal change. It can come through socio-cultural sociochanges. Innovation & entrepreneurship be a normal ongoing , everyday activity, a practice in everybody s own work

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SocioSocio-cultural environment


  

Tolerance for changes in the society & culture. Social mobility. Tolerance of profit making. Tolerance of private ownership.

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