The document discusses the nature and importance of entrepreneurs. It defines an entrepreneur as someone who takes risks and starts new businesses or ventures. Entrepreneurship is described as the process of creating opportunities regardless of current resources. The document outlines different types of startups and explains the role of entrepreneurship in economic development such as increasing income, GDP, investment, and employment. It provides brief biographies of prominent Indian entrepreneurs Dhirubhai Ambani, Narayan Murthy, and Sunil Bharti Mittal who founded successful companies.
The document discusses the nature and importance of entrepreneurs. It defines an entrepreneur as someone who takes risks and starts new businesses or ventures. Entrepreneurship is described as the process of creating opportunities regardless of current resources. The document outlines different types of startups and explains the role of entrepreneurship in economic development such as increasing income, GDP, investment, and employment. It provides brief biographies of prominent Indian entrepreneurs Dhirubhai Ambani, Narayan Murthy, and Sunil Bharti Mittal who founded successful companies.
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The document discusses the nature and importance of entrepreneurs. It defines an entrepreneur as someone who takes risks and starts new businesses or ventures. Entrepreneurship is described as the process of creating opportunities regardless of current resources. The document outlines different types of startups and explains the role of entrepreneurship in economic development such as increasing income, GDP, investment, and employment. It provides brief biographies of prominent Indian entrepreneurs Dhirubhai Ambani, Narayan Murthy, and Sunil Bharti Mittal who founded successful companies.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
Ch-1 Nature & importance of Entrepreneurs By Robert D.Hisrich Introduction
Enterprise is the business that an Entrepreneur
runs
He is handling various Activities.
Entrepreneur performs various tasks.
Who is Entrepreneur ?
The Word Entrepreneur is derived from French word
entreprende, which means to undertake. Entrepreneur is one who takes risks & starts something new. Entrepreneur is “one who organise,manages & Assumes the Risks of a business or Enterprise.” What is Entrepreneurship ?
• The Entrepreneurship Is a “Process of
Creating an opportunity & pursuing it regardless of the Resources currently controlled.” • The Entrepreneurship is “ A Process of creating something New & assuming the Risk & Reward” Types of Start-ups
• Life Style firm
• Foundation Company • High potential venture • Gazelles Role of Entrepreneurship in Economic Development • Increase Per capital income • Increase Gross domestic product • Increase in investment • Increase Employment • Brings New Product • Expansion of growth of country About Some Entrepreneurs Dhirubhai Ambani • Start career in yaman in shell • Start to export cow dung • Start Reliance textiles –Brand name “Vimal” • Done back ward integration & started Reliance Petroleum • Then Reliance telecom, Reliance Retail & Now Reliance Power. Narayan Murty – Started INFOSYS in 1981 – 6 partners – From 1991,Company grown – Assets in 1990 only 5 crore today near to 5500 crore – Today 4TH in BSE 30 as far as Market Capitalization is concern Sunil Bharti Mittal
• Started Career from a garage shop in year 1981
In 1982-83,start to sell parts of telecom Equipments In 1984, Bharti Health In 1990 bid was placed for spectrum but not win In 1994, he won bid & start Airtel In 2004, Airtel was 23 circles of India In 2009-10, Best Telecom with market share of 32% Created Airtel Broad band,Airtel Dish TV,