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1.intoduction To Entrepreneurship
1.intoduction To Entrepreneurship
1.intoduction To Entrepreneurship
ENTREPRENEURSHIP
Suma Mwaitenda
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WORK PLAN FOR BE 447: ENTREPRENEURSHIP 2 units
History of entrepreneurship: understanding of ent’ship from trait, behavioural and 3rd Week
functional perspectives. Fundamentals of business plan.
ISSUE OF ASSIGNMENT NO. 1
Small business environment in Tanzania: macro, meso, and micro, including critical 4th Week
constraints. (Guest lecture)
Family business and succession; and Gender and Entrepreneurship 13th Week
Meet the CEO, Business Plan Presentations (Public lecture, special invitees) 15th Week
(ASSIGNMENT NO.2)
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References
1. Olomi, D. 2009. The context and Process: African Small Business and
Entrepreneurship: Otme publishers, Dar es Salaam.
2. Hisrich, R.D., Peters, M.P. 2002, Entrepreneurship, 5th edn, Boston,
McGraw-Hill Irwin. – you can make a copy from UDEC
3. Rutashobya, L.K. and D. Olomi. 1999. African Entrepreneurship and Small
Business Development. DUP (1996) Ltd. Dar es Salaam. You can buy
from UDSM Bookshop 10,000/=
4. Spring A. & McDade B. E. (1998). African entrepreneurship. University
Press of Florida, Gainesville, USA. – you can copy from UDEC
5. ILO, 2003. Women Entrepreneurs in Tanzania: Going for Growth. ILO:
Geneva - you can copy from UDEC
6. http://www.gtz.de/cefe/products/papers/2143241.htm. A brief history of
entrepreneurship
7. http://www.udec.udsm.ac.tz or www.udsm.ac.tz/udec
8. http://www.babson.edu/entrep/fer/ (for a variety of topics)
➢Seeking opportunities
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Entrepreneurship - Meaning
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Entrepreneurship - Meaning
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Entrepreneurship - Meaning
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Entrepreneurship - Meaning
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As a process, entrepreneurship has been
defined as follows:
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An Entrepreneur
Some of definitions of entrepreneurs:-
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An Entrepreneur
Some of definitions of entrepreneurs:-
• Etc, etc
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Intrapreneurship
• It is the entrepreneurial activities that receive organizational
sanction and resource commitments for the purpose of
innovative results.
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Intrapreneurship
• Intrapreneurs are found in all kinds of
organisations
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The Roles of Entrepreneurship
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Significance of Entrepreneurship
• In employment creation
• In income generation
• In economic competitiveness
• Overall growth, leading to
improved standard of living
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Dimensions of Entrepreneurship
• Destructively (NEGATIVELY)
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Construction Entrepreneurship
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Constructive Entrepreneurship
• Lowers costs through better technology, improved processes of
production, and organization of production: automatic,
computerized manufacturing, self-service, office automation, etc
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Destructive Entrepreneurship
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Entrepreneurial values/ attributes
• Strong sense of independence
• Belief in self/ believe can make things happen
• Strong sense of ownership
• Belief that rewards come with own effort and hard
work brings its rewards
• Strong action orientation
• Strong belief in the value of know-who and trust
• Readiness to take reasonable risks
• Achievement orientation/urge to succeed/conquer
• Tendency to take initiative
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Entrepreneurial skills
• Creative problem solving
• Articulating ideas
• Negotiation/selling/proposing
• Social skills
• Strategic thinking
• Decision making under uncertainty
• Leadership skills
• Assertiveness
• Opportunity identification and deployment skills
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Motivation/ tendency/ to start and manage
own business
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Business start-up/ management skills
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Entrepreneurial Management
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Entrepreneurial Management Requires:
• Innovation plans
• Behaves entrepreneurially:
➢Innovative policies, strategies for economic and social
vitality
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Entrepreneurial government
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END
Thank you
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