FACULTY - MRS.

VAISHALI
 GROUP MEMBERS
No. ii
NAMES ROLL NO.
• KOMAL DAMANIA 09
• PRIYA DHING 13
• ANKITA JAIN 22
• MADHAVI MANJREKAR 27
• RASHMI NEMAN 32
• JYOTI PILLAI 40
 THEORIES OF
ENTrePRENEURSHIP
 ECONOMIC THEORY:-
Entrepreneurship and economic growth
take place when economic conditions are
favorable.

 SOCIOLOGICAL THEORY:-
Entrepreneurship is likely to get a boost in
a particular social culture.
 PSYCHOLOGICAL THEORY:-
Entrepreneurship gets a boost when a
society has sufficient supply of individuals
with necessary psychological characteristics.
 STAGES IN
ENTREPRENEURSHIP
DEVELOPMENT
 Perceive opportunity - strive to make most
of the opportunity and meet his goals.

 Translation of opportunities - into a

product idea or service idea.

 Analysis - various things to be done for

concretizing the concept or idea.
 Collect team - to put up a project or venture.

 Approach government - for licenses and

permission as well as financial assistance in
the form of subsidies and tax concession.

 Collecting resources - like men, machine,

money, material to commence the venture.
 Design and create organizational
structure – entrepreneur will implement
his idea.

 Make trial run - to know whether the

product is perfect to start production.