Concept of Entrepreneur
A Person
- With Dreams, Originality & Daring
Decides how to run Commercial Organization.
Co-Ordinates all Activities.
Anticipates future trends of Demand & Prices
Invents/ Introduces New Ideas and Products/Processes
Essential element for generating investment opportunities in an Economy
Visionary with outstanding leadership qualities.
Entrepreneurship
Helps to solve problems of
-Employment generation
-National production
-Dispersal of economic power
-Balance regional development
-Harnessing youth vigor
Criteria for success in entrepreneurship
-Shared vision
-Marketable idea
-Sound strategy to implement action plan
-Layer of competent management
-Shared value system
-Professionalism
-Divorcing control from management
-Spirit of sacrifice
-Pride in national wealth creation
-Ideology, intellectual arrogance
-Bread & butter stream and R&D
-Leadership by example
Need for Entrepreneurship
Speed up production to improve economic growth
Create employment opportunities
Improve standard of living
Dispersal of economic activities
Business dynamism
Innovations
Attitudes related to Entrepreneurship
Tendency to take moderate risk
An eye for economic opportunity
Imaginative
Initiative
Believe they can change the environment
Enjoy freedom of expression
Analyze situation and plan action
Get satisfaction in successful task completion
Influencing Factors
Family tradition
Religious, Social and Cultural.
Psychological – Self Confidence, Creativity, Vision, Leadership
Political
Economic Policies
Entrepreneurial Values
Innovativeness
Independence
Outstanding Performance
Respect for work
Attitudes related to Entrepreneurship
Tendency to take moderate risk
An eye for economic opportunity
Imaginative
Initiative
Believe they can change the environment
Enjoy freedom of expression
Analyze situation and plan action
Get satisfaction in successful task completion
Five Ages of Entrepreneurs
Early childhood experience
Trouble in school
Problems with work.
Desire to take risks
Bliss in business independence
A Person
- With Dreams, Originality & Daring
Decides how to run Commercial Organization.
Co-Ordinates all Activities.
Anticipates future trends of Demand & Prices
Invents/ Introduces New Ideas and Products/Processes
Essential element for generating investment opportunities in an Economy
Visionary with outstanding leadership qualities.
Entrepreneurship
Helps to solve problems of
-Employment generation
-National production
-Dispersal of economic power
-Balance regional development
-Harnessing youth vigor
Criteria for success in entrepreneurship
-Shared vision
-Marketable idea
-Sound strategy to implement action plan
-Layer of competent management
-Shared value system
-Professionalism
-Divorcing control from management
-Spirit of sacrifice
-Pride in national wealth creation
-Ideology, intellectual arrogance
-Bread & butter stream and R&D
-Leadership by example
Need for Entrepreneurship
Speed up production to improve economic growth
Create employment opportunities
Improve standard of living
Dispersal of economic activities
Business dynamism
Innovations
Attitudes related to Entrepreneurship
Tendency to take moderate risk
An eye for economic opportunity
Imaginative
Initiative
Believe they can change the environment
Enjoy freedom of expression
Analyze situation and plan action
Get satisfaction in successful task completion
Influencing Factors
Family tradition
Religious, Social and Cultural.
Psychological – Self Confidence, Creativity, Vision, Leadership
Political
Economic Policies
Entrepreneurial Values
Innovativeness
Independence
Outstanding Performance
Respect for work
Attitudes related to Entrepreneurship
Tendency to take moderate risk
An eye for economic opportunity
Imaginative
Initiative
Believe they can change the environment
Enjoy freedom of expression
Analyze situation and plan action
Get satisfaction in successful task completion
Five Ages of Entrepreneurs
Early childhood experience
Trouble in school
Problems with work.
Desire to take risks
Bliss in business independence