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Judannapereira Entrepreneurship 101014044133 Phpapp01
Judannapereira Entrepreneurship 101014044133 Phpapp01
Entrepreneurship &
Intrapreneur
all the means of production, the labor force of the one and the
capital or land of the others and who finds in the value of the
products which result from their employment , the
reconstitution of the entire capital that he utilizes and the
value of the wages , the interest and the rent which he pays as
well as the profit belonging to himself.
4. Evans entrepreneurs are persons who initiate, organize,
manage and control the affairs of a business unit that
combines the factors of production to supply goods &
services whether business pertains to agriculture ,industry
trade or profession
Characteristics of an
entrepreneur
Characteristics of an IDEAL
entrepreneur
Entrepreneurship stimulants
1. Focus on capital formation.
2. Transformation of scientific
and technical development
3. Supportive government
programmes.
4. Availability of required
training and inputs.
5. Collaborative relationship
between business and
resources.
6. Environment conducive for
innovation.
Summary of Entrepreneur
Entrepreneurship
ENTERPRENEURIAL SKILL
DEFINITIONS OF
ENTREPRENEURSHIP
According to A.H Cole, Entrepreneurship is the purposeful
activity of an individual or group of associated individuals,
undertaken to initiate, maintain or aggrandize profit by
production or distribution of economic goods or services.
Benjamin Higgins has defined entrepreneurship as
Entrepreneurship means the function of foreseeing investment
and production opportunity, organizing and enterprise to
undertake a new selecting top managers for the day to day of
an operation of an enterprise.
According to B. C. Tandon , Entrepreneurship means the
function of creating something new, organizing and coordination and undertaking risk and handling economic
uncertainty
Distinguish :
ENTREPRENEUR
Person
Organizer
Visualize
Creator
Initiator
Innovator
Technician
Decision-maker
Leader
Planner
Motivator
Risk-taken
Programmer
Communicator
Administrator
ENTREPRENEURSHIP
Process
Organization
Vision
Creation
Initiative
Innovation
Technology
Decision
Leadership
Planning
Motivation
Risk-taking
Action
Communication
Administration
CHARACTERISTICS OF
ENTREPRENEURSHIP
FACTORS AFFECTING
ENTREPRENEURIAL
GROWTH
SOCIAL ENTREPRENEURSHIP
1. Social entrepreneurs are individuals with innovative
solutions to societys most pressing social problems.
2. They are ambitious and persistent, tackling major social
issues and offering new ideas for wide-scale change .
3. A social entrepreneur recognizes a social problem and uses
entrepreneurial principles to organize, create, and manage a
venture to make social change.
4. Unlike business entrepreneurs they dont measures
performance in profit and returns, but assess success by the
impact they have on society and often work through
nonprofits and citizen groups.
5. They call themselves social entrepreneur, and their business
is to make the work a better place.
Intrapreneur
Characteristics of
intrapreneurial environment
Intrapreneur Qualities
Intrapreneur Characteristics
Classification of
intrapreneurs
Google
Yahoo
You tube
facebook
Theories of entrepreneurship
Theories of entrepreneurship
a)
b)
c)
d)
e)
f)
g)
Leibensteins X efficiency
theory
X-efficiency is the degree of ineffiency
in the use of resources in the wrong
way, within the firm for productive
potential.
The entrepreneur has to complete
the production efficiently with proper
inputs and improve flow of
information in market by gap filling in
the economy
Psychological Theory
-Schumpeter
He believes that entrepreneurs are motivated by will
to power, will to find a private kingdom or will to
conquer.
The main characteristics are:
a) An institutional capacity to see things in a way which
afterward proves correct,
b) Energy of will and mind to overcome fixed habits of
thought and
c) The capacity to withstand social opposition.
Hagen views on
entrepreneurship
creative innovation is the fundamental feature of economic
growth. An entrepreneur is described as a creative problem
solver interested in things that are practical. While facing a
problem he feels a sense of increased pleasure and tolerates
disorder without disorders.
Innovation requires creativity and individuals who are
creativity can only bring about economic growth.
the withdrawal of status respect
Four different types of personalities would emerge .t
they are:
Myths of entrepreneurship
1. Entrepreneur s are born not.
2. They are academic and social misfits
3. They fit an ideal profile
4. All you need is money and luck to be an entrepreneur
5. A great idea is only ingredient in a recipe for success.
6. My best friend will be a great business partner.
7. Having a boss is a great fun.
8. I can make lots of money.
9. Ill definitely become successful
10.Life must be much simpler if I work for myself.
Success steps
Thank you