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Entrepreneurship By Anil Pillai
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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
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Entrepreneurship
By Anil Pillai
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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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Time
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DE O
for
S
Entrepreneurship
By Anil Pillai
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Entrepreneur
Entrepreneur: An individual who bears the risk of operating business in the realm of uncertainty about the future conditions.
By Anil Pillai
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Entrepreneur
Entrepreneur: A person who undertakes an enterprise taking chances of profit or loss.
By Anil Pillai
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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
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These are the individuals who recognize opportunities where others see confusion or problem.
Entrepreneurs
By Anil Pillai
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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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Time
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Entrepreneurs- The makers of business
By Anil Pillai
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By Anil Pillai
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Characteristics of an Entrepreneur
By Anil Pillai
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Time
VI
DE O
for
S
By Anil Pillai
Traits of an entrepreneur
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By Anil Pillai
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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
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According to capital ownership:
i. Private Entrepreneurs
ii. State Entrepreneurs
iii. Joint Entrepreneurs
By Anil Pillai
Types of Entrepreneurs
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According to area:
i. Urban Entrepreneurs
ii. Rural Entrepreneurs
By Anil Pillai
Types of Entrepreneurs
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According to scale of business:
i. Small Scale Entrepreneurs
ii. Medium Scale Entrepreneurs
iii. Large Scale Entrepreneurs
By Anil Pillai
Types of Entrepreneurs
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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
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By Anil Pillai
Activity Time
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Few traits of entrepreneurs….
By Anil Pillai
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Innovation
Put-Away
Risk-taking
Motivators
Vision
Decision making
Goal orientation
Leadership
Job creators
Team buildingDynamism
Creativity
LET’S DISCUSS!
By Anil Pillai
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By Anil Pillai
Knowledge Check
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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
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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
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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
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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
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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!
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By Anil Pillai