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    Importance of Entrepreneur in The Process of Economic Growth

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    Shailendra Ur Friend
    The document discusses the functions of entrepreneurs and the importance of entrepreneurs in economic growth. It defines an entrepreneur as an innovative person who maximizes profits through new strategies, products, or services. It lists the key functions of entrepreneurs as planning projects, managing risks, distributing rewards, setting sales and production scales, and organizing joint stock organizations. The document also highlights the importance of entrepreneurs in generating employment, increasing national income, promoting regional development, dispersing economic power, and improving living standards through innovation.

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    Importance of Entrepreneur in The Process of Economic Growth

    Uploaded by

    Shailendra Ur Friend
    7 views6 pages
    The document discusses the functions of entrepreneurs and the importance of entrepreneurs in economic growth. It defines an entrepreneur as an innovative person who maximizes profits through new strategies, products, or services. It lists the key functions of entrepreneurs as planning projects, managing risks, distributing rewards, setting sales and production scales, and organizing joint stock organizations. The document also highlights the importance of entrepreneurs in generating employment, increasing national income, promoting regional development, dispersing economic power, and improving living standards through innovation.

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    Entrep.. Fun

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    The document discusses the functions of entrepreneurs and the importance of entrepreneurs in economic growth. It defines an entrepreneur as an innovative person who maximizes profits through new strategies, products, or services. It lists the key functions of entrepreneurs as planning projects, managing risks, distributing rewards, setting sales and production scales, and organizing joint stock organizations. The document also highlights the importance of entrepreneurs in generating employment, increasing national income, promoting regional development, dispersing economic power, and improving living standards through innovation.

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    7 views6 pages

    Importance of Entrepreneur in The Process of Economic Growth

    Uploaded by

    Shailendra Ur Friend
    The document discusses the functions of entrepreneurs and the importance of entrepreneurs in economic growth. It defines an entrepreneur as an innovative person who maximizes profits through new strategies, products, or services. It lists the key functions of entrepreneurs as planning projects, managing risks, distributing rewards, setting sales and production scales, and organizing joint stock organizations. The document also highlights the importance of entrepreneurs in generating employment, increasing national income, promoting regional development, dispersing economic power, and improving living standards through innovation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 6

    Entrepreneurial Functions

    &
    tance of entrepreneur in the proc
    onomic growth.

    Presented by:-
    Shailendra
    Kumar Pal
    Roll no-
    63
    ENTREPRENEUR
    An entrepreneur is an innovative person who maximizes his profits by
    following new strategies or venturing into new products or services.
    A good entrepreneur is one who is capable of inspiring confidence in
    people, and has the ability to motivate them. He undertakes:

    Øintroduction of a new quality in a product,


    Øintroduction of a new product,
    Ødiscover fresh demand and fresh source of supply, and
    Øchanges in the organization and management.
    Ø
    Entrepreneurial Functions:-
    Planning of the project :
    Management
    To Face Risks :
    Distribution of Rewards
    Sale of Products:
    Scale of Production
    Joint stock Organization
    Identifying entrepreneurial opportunity
    ØFeasibility study
    ØResourcing
    ØSetting up of the Enterprise
    ØManaging the enterprise
    ØGrowth and Development
    ØTurning ideas into action

    Ø
    Ø
    Ø
    Importance of entrepreneur
    in the process
    of economic growth .
    Employment Generation
    National Income
    Balanced Regional Development
    Dispersal of economic power
    Better standards of living :
    Creating innovation

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