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Entrepreneurship By Anil Pillai
By the end of this session, you will be able to:
State entrepreneurshipDefine entrepreneurList the characteristics of an
entrepreneurDiscuss traits of an
entrepreneurPoint out who can be an
entrepreneurList types of entrepreneurs
Objectives
By Anil Pillai
Entrepreneurship
By Anil Pillai
Understanding Entrepreneurship
Entrepreneurship: It is the process of starting a business or other organization.The process of transforming
creative ideas into commercially viable business.
It continues to be a most powerful economic force in today’s world economy.
Entrepreneurship requires more than merely luck and money.
It is a cohesive process of creativity, risk taking and planning
By Anil Pillai
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Entrepreneurship
By Anil Pillai
Entrepreneur
Entrepreneur: An individual who bears the risk of operating business in the realm of uncertainty about the future conditions.
By Anil Pillai
Entrepreneur
Entrepreneur: A person who undertakes an enterprise taking chances of profit or loss.
By Anil Pillai
Entrepreneur
The term ‘Entrepreneur’ is derived from the French word ‘entrprendre’ which means ‘go between’ or ‘ to undertake’.
Entrepreneur is any person who undertakes the risk of establishing and running an enterprise.
By Anil Pillai
These are the individuals who recognize opportunities where others see confusion or problem.
Entrepreneurs
By Anil Pillai
They act like aggressive catalysts for change within the marketplace.
They challenge the unknown and continuously create future.
Entrepreneurs
By Anil Pillai
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Entrepreneurs- The makers of business
By Anil Pillai
By Anil Pillai
Characteristics of an Entrepreneur
By Anil Pillai
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By Anil Pillai
Traits of an entrepreneur
By Anil Pillai
There are different types of entrepreneurs category wise.
According to choice of field:i. Business Entrepreneursii. Trading Entrepreneursiii. Corporate Entrepreneursiv. Agricultural Entrepreneurs
By Anil Pillai
Types of Entrepreneurs
According to capital ownership:
i. Private Entrepreneurs
ii. State Entrepreneurs
iii. Joint Entrepreneurs
By Anil Pillai
Types of Entrepreneurs
According to area:
i. Urban Entrepreneurs
ii. Rural Entrepreneurs
By Anil Pillai
Types of Entrepreneurs
According to scale of business:
i. Small Scale Entrepreneurs
ii. Medium Scale Entrepreneurs
iii. Large Scale Entrepreneurs
By Anil Pillai
Types of Entrepreneurs
The classification of entrepreneurs are not mutually exclusive. They come under mainly following types of entrepreneurship:
Small Business EntrepreneurshipScalable Startup EntrepreneurshipLarge Company EntrepreneurshipSocial Entrepreneurship
By Anil Pillai
Major Types of Entrepreneurship
By Anil Pillai
Activity Time
Few traits of entrepreneurs….
By Anil Pillai
Innovation
Put-Away
Risk-taking
Motivators
Vision
Decision making
Goal orientation
Leadership
Job creators
Team buildingDynamism
Creativity
LET’S DISCUSS!
By Anil Pillai
By Anil Pillai
Knowledge Check
Entrepreneurship can best be described as:o a process that requires setting up a businesso having a strong visiono a process involving innovation, new products
or services, and value creationo the generation of new jobs
By Anil Pillai
Knowledge Check
Which of these statements best describes the context for entrepreneurship: o Entrepreneurship takes place in large
businesseso Entrepreneurship takes place in a wide variety
of contexts o Entrepreneurship does not take place in social
enterprises o Entrepreneurship takes place in small
businesses
By Anil Pillai
Knowledge Check
Innovation can best be defined as:o the generation of new ideas o the evolution of new ideas o the opposite of creativity o the successful exploitation of new ideas
By Anil Pillai
Knowledge Check
Which of the following is a common entrepreneurial trait?o Viewing changes as threateningo A need for structured environmentso A high need for achievemento All of the above
By Anil Pillai
Knowledge Check
Entrepreneurship is the process of starting a business or other organization.
It involves creativity, risk taking and planning
An entrepreneur is a person who undertakes an enterprise taking chances of profit or loss.
The term ‘Entrepreneur’ is derived from the French word ‘entrprendre’ which means ‘go between’ or ‘ to undertake’.
The main characteristics of an entrepreneur are: Creativity, Innovation, Leadership, Risk-taking and decision making ability.
By Anil Pillai
Let’s Summarize!
By Anil Pillai