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ENTREPRENEURSHIP
JAIN COLLEGE OF ENGINEERING
By: Praveen Kalkundri
INTRODUCTIONHe is an innovator; Carries new combinations in
ever-changing environment.
It processes economical, social and
technological development.
A manager is one who manages all the
resources to match with the organizational needs.
The entrepreneurship is very a old concept
according to which any one who runs business is
called an entrepreneur.
INTRODUCTIONModel of Enterpreneur.
Business Indivadual Enterpreneur
InitiatesOrganisesManages controlsRisk takingInnovatorPools up resources
INTRODUCTIONCountries economical development.
Possesses Skilles, knowledge, spirit of
innovations.
Dynamic activity :Brings change in
production,Business, new Ideas,resources,new
market.
Entrepreneur is one who understands the market dynamics and
searches for change respond to it and exploit it as an opportunity
THE EVOLUTION OF ENTREPRENEURSHIP
The word „entrepreneur‟ is derived from the French verb
„enterprendre‟. It means “to undertake”.
Around 1700 A.D. the term was used for architects and
contractor of public works
Oxford Dictionary :“A person who sets up a business or
businesses, taking on financial risks in the hope of profit.
International Encyclopedia :“An individual who bears the risk of
operating a business in the face of uncertainty about the future
conditions.
HISTORY OF ENTREPRENEURSHIP IN INDIA
The history of entrepreneurship is important worldwide,
even in India.
Times the India :-trade and business
Indians were experts in smelting of metals such as brass
and tin.
Kanishka Empire in the 1st century started nurturing Indian
entrepreneurs and traders.
Roman Empire Portuguese and then
English .
From the 1950s until the 1980s, India followed socialist-
inspired policies.
The economy was shackled by extensive regulation,
protectionism, and public ownership, leading to corruption
and slow growth.
THE STRUCTURE AND ORGANISATION OF VILLAGES
The history of entrepreneurship is important
worldwide, even in India.
Based on a simple division of labor.
The farmers cultivated the soil and tended cattle
Classes of people called weavers, goldsmiths,
carpenters, potters, surgeons, etc.
CHARACTERISTICS OF ENTREPRENEUR
Entrepreneur is highly
Goal Oriented
Enthusiastic
Energetic
PRIMARY FUNCTIONS OF ENTREPRENEUR
Planning
Organizing
Decision making
Management
Innovation
Risk Bearing
Leading
Controlling
PRIMARY FUNCTIONS OF ENTREPRENEUR
Planning
IdeasScan and select
Selection on product and Loc.(plant)
Type of business organization
Budget and Capital
Govt. rules
Selection on work force
Market strategies
TYPES OF ENTREPRENEUR
A.According to the types of
BUSINESSES
A.Business
B.Trading
C.Industrial
D.Corporate
E.Agriculture
F. Retail
G.Services
TYPES OF ENTREPRENEUR
A.According to the USE of Technology
A.Technical/Non technical
B.Professional
C. Low tech/high Tech
B. According to Motivation
A.Pure
B. Induced
C.Motivated
D.Spontaneous
TYPES OF ENTREPRENEUR
A.According to Motivation
a) Pure: Motivated by PSYCHOLOGICAL.
b) Induced :take up task due to POLICY.
c) Motivated : SELF-FULFILLMENT.
d) Spontaneous : NATURAL TALLENTs.
TYPES OF ENTREPRENEUR
A.According to Growth
B.According to the stages of
development
C.According to area
D.Accodring to age and gender
E. Accodring to SCALE of operation
F. Others………………..
INTRAPRENEUR
A. Entrepreneurship within an existing Business
B. Bridges gaps between SCIENCE and MARKET
C. Possesses resourses
D. Prevents Creativity and new products.
E. Competitive ERA ;hence need for new
products.
ELEMENTS OF INTRAPRENEURNEW
BUSINESS
VENTURING
INNOVATIONS
SELF-RENEWA
L
PROACTIVENESSES
ELEMENTS OF INTRAPRENEUR
POINTS INTRAPRENEUR ENTREPRENEUR MANAGER
Goal Management
Independent ,new innovations
Independent :Starts new businesses Supervises
Status Not Concerned Not Concerned Concerned
Risk Moderate Risk and Uncertain No Risk
Rewards Fixed ; may be extra Depending Fixed
innovation innovative Very innovative Manages Ideas
Decision Making Moderate Very much Involved Manages top
level decisions
STAGES IN ENTREPRENEURIAL PROCESS
1 •IDENTIFIATION of opportunity
2 •EVALUATION of opportunity
3 •PREPARATION OF THE BUSINESS plan
4 •DETMINATION and Organizing resources
5 •Management of the ENTREPRISE
ROLL OF AN ENTREPRENEUR IN ECONOMIC DEVELOPMENT
1 •Changing the structure of business or society
2 •These changes increases growth & high O/P
3 •Innovation (new product, services, investment)
4 •Demand Supply
6 •Awareness of product evolution process.
7 •Effects Economy (creating new products, JOBS)
8 •Creating Employment to people.
..
BARRIERS OF ENTREPRENEURSHIP1 •Lack of capital……….investment………
2 •Lack of technical knowledge…………….skills
3 •Economical BUSINESS CYCLES
4 •Non availability of RAW MATERIALS ….RESOURCES
5 •Government regulations
6 •Obsolescence of technology or IDEA
7 •Unstable/Unpredictable Market
8 •Globalization :Entry of new PRODUCTS
9 •Risk
ENTREPRENEURSHIP DEVELOPMENT PROGRAM-(EDP)
Growth of Small Scale industries
EDP focuses on entrepreneurship qualities
Provides Knowledge to solve PROBLEMS & DIFFICULTIES
NEED FOR EDP’S
1 •Lack of capital……….investment………
2 •Lack of technical knowledge…………….skills
3 •Economical BUSINESS CYCLES
4 •Non availability of RAW MATERIALS ….RESOURCES
5 •Government regulations
6 •Obsolescence of technology or IDEA
7 •Unstable/Unpredictable Market
OBJECTIVE OF EDP’S
1 •Develop and Strengthen Entrepreneurial qualities
2 •ledge…………….skills
3 •Economical BUSINESS CYCLES
4 •Non availability of RAW MATERIALS ….RESOURCES
5 •Government regulations
6 •Obsolescence of technology or IDEA
7 •Unstable/Unpredictable Market