ENTREPRENEURSHIPENTREPRENEURSHIPBY :- KAUTILYA TIWARIBY :- KAUTILYA TIWARI

ENTREPRENEURSHIPENTREPRENEURSHIP

• A PROCESS OF ACTION IN A RIGHT A PROCESS OF ACTION IN A RIGHT WAYWAY

ENTREPRENEURENTREPRENEUR

• RISK TAKER RISK TAKER

• CREATIVE CREATIVE

• INNOVATIVE INNOVATIVE

ENTERPRISEENTERPRISE

• IT HAS SOME OBJECTIVES IT HAS SOME OBJECTIVES

• A GROUP OF PEOPLE A GROUP OF PEOPLE

CHARACTERISTICS OF CHARACTERISTICS OF AN ENTREPRENEUR AN ENTREPRENEUR

• ACCEPTING CHALLENGES ACCEPTING CHALLENGES

• RISK TAKING RISK TAKING

• TEAM BUILDER TEAM BUILDER

• MOTIVATOR MOTIVATOR

• VISUALISERVISUALISER

• ABILITY TO DEAL WITH THE ABILITY TO DEAL WITH THE DIFFERENT TYPES OF SITUATIONS DIFFERENT TYPES OF SITUATIONS

MOTIVATIONAL FACTOR IN MOTIVATIONAL FACTOR IN ENTREPRENEURSHIP ENTREPRENEURSHIP

• INTERNAL FACTORSINTERNAL FACTORS

Family Background Family Background Educational Background Educational Background Training & Work Experience Training & Work Experience A Desire for achievement A Desire for achievement A Desire for owned businessA Desire for owned business

MOTIVATIONAL FACTOR IN MOTIVATIONAL FACTOR IN ENTREPRENEURSHIPENTREPRENEURSHIP

• EXTERNALEXTERNAL FACTORSFACTORS

Availability of input & Raw Material Availability of input & Raw Material Demand of Product & Amount of Profit Demand of Product & Amount of Profit Availability of Funds Availability of Funds Availability of Marketing & Technology Availability of Marketing & Technology Availability of Sick Units on Cheaper Availability of Sick Units on Cheaper

PricePrice

TYPESTYPES OF MOTIVATIONOF MOTIVATION

•COMPULSION COMPULSION

•FACILITATOR FACILITATOR •AMBITIONSAMBITIONS

FACTORS OF COMPULSION FACTORS OF COMPULSION

• NOT SATISFIED WITH THE PRESENT JOB NOT SATISFIED WITH THE PRESENT JOB

• UNEMPLOYED UNEMPLOYED

• MAKE USE OF THE PROFESSIONAL MAKE USE OF THE PROFESSIONAL SKILLS SKILLS

• AVAILABILITY OF IDEAL FUNDAVAILABILITY OF IDEAL FUND

• FAMILY UNIT FAMILY UNIT

• REVIVAL OF THE SICK UNIT REVIVAL OF THE SICK UNIT

FACTORS OF FACILITATORFACTORS OF FACILITATOR

• INSPIRATION FROM OTHER INSPIRATION FROM OTHER ENTREPRENEURENTREPRENEUR

• PAST EXPERIENCE PAST EXPERIENCE

• TRAINING TRAINING

• INFLUENCE FROM SENIOR OR INFLUENCE FROM SENIOR OR ADVISOR ADVISOR

• INHERITED PROPERTYINHERITED PROPERTY

• DEVELOP FAMILY BUSINESS DEVELOP FAMILY BUSINESS

• TO SECURE LIVING OR SELF TO SECURE LIVING OR SELF EMPLOYEMENT EMPLOYEMENT

• FULFILL DESIRE OF PARENTS FULFILL DESIRE OF PARENTS

• TO MAKE MONEY TO MAKE MONEY

• TO GAIN SOCIAL STATUSTO GAIN SOCIAL STATUS

• TO USE CREATIVE TALENT TO USE CREATIVE TALENT

FACTORS OF FACILITATORFACTORS OF FACILITATOR

DANHOFDANHOF CLASSIFICATIONCLASSIFICATION

• INNOVATIVE INNOVATIVE - Modern Entrepreneur who build the modern - Modern Entrepreneur who build the modern

capitalism capitalism • IMITIATING OR ADOPTIVEIMITIATING OR ADOPTIVE - Copy or adopt the pattern or process made by - Copy or adopt the pattern or process made by

the innovative Entrepreneur the innovative Entrepreneur • FAIVIAN FAIVIAN - Shy & Lazy in nature, follow the old traditions, - Shy & Lazy in nature, follow the old traditions,

culture and pattern culture and pattern • DRONE DRONE - They are strict to their approach and pattern - They are strict to their approach and pattern

CLASSIFICATION ON THE CLASSIFICATION ON THE BASIS OF THEIR BUSINESS BASIS OF THEIR BUSINESS

• BUSINESS ENTREPRENEUR BUSINESS ENTREPRENEUR

• TRADING ENTREPRENEUR TRADING ENTREPRENEUR

• INDUSTRIAL ENTREPRENEUR INDUSTRIAL ENTREPRENEUR

• CORPORATE ENTREPRENEURCORPORATE ENTREPRENEUR

• AGRICULTURAL ENTREPRENEURAGRICULTURAL ENTREPRENEUR

THEORIES OF THEORIES OF ENREPRENEURSHIPENREPRENEURSHIP

• SCHUMPETER’S THEORYSCHUMPETER’S THEORYo INNOVATIONINNOVATION- The creation of some - The creation of some

thing new, Results in new knowledge.thing new, Results in new knowledge.o INVENTIONINVENTION- The transformation of an - The transformation of an

idea or resources in to useful idea or resources in to useful applications, Results in new products, applications, Results in new products, service or process. service or process.

• A FUNCTION OF HIGH A FUNCTION OF HIGH ACHIVEMENTACHIVEMENTo Doing things in a right and proper wayDoing things in a right and proper wayo Taking right decisions in uncertainty Taking right decisions in uncertainty

• ORGANISATION BUILDING ORGANISATION BUILDING FUNCTION FUNCTION o Emphasized on managerial skills and Emphasized on managerial skills and

functions functions

• FUNCTION OF STATUSFUNCTION OF STATUSo Entrepreneur is a creative problem Entrepreneur is a creative problem

solver solver

CREATIVITY METHOD CREATIVITY METHOD

• EVOLUTIONEVOLUTION- Change and something - Change and something new new

• SYNTHESISSYNTHESIS- When we combined two or - When we combined two or more ideas, we get new ideas. more ideas, we get new ideas.

• REVOLUTIONREVOLUTION- A drastic change - A drastic change

• REAPPLICATIONREAPPLICATION- Replacing by bringing - Replacing by bringing new thingsnew things

• CHANGINGCHANGING DIRECTIONDIRECTION- Diversification - Diversification

FACTORS OF ATTITUDE FACTORS OF ATTITUDE THAT BLOCK CREATIVITY THAT BLOCK CREATIVITY

• OH NO ! A PROBLEM OH NO ! A PROBLEM

• CANT BE CANT BE

• I AM NOT CREATIVE I AM NOT CREATIVE

• CHILDISH CHILDISH

DEVENO SIX HATS OF DEVENO SIX HATS OF CREATIVITY THINKINGCREATIVITY THINKING

• WHITE HATS-WHITE HATS- Related to information Related to information (Paper, Printer) (Paper, Printer)

• BLACK HATS-BLACK HATS- It is a basis of critical It is a basis of critical thinking thinking

• BLUE HATS-BLUE HATS- Organize the other heads Organize the other heads to organize thinking to organize thinking

• BLACK HATS-BLACK HATS- Mourn, Legal or Illegal Mourn, Legal or Illegal • GREEN HATS-GREEN HATS- Growth, Vegetation, Growth, Vegetation,

EnergyEnergy