NAME – DEBADRITA MANDAL

SECTION – 309
ROLL NO.- 30903321072
STREAM – BBA (HM)
SUBJECT – SUPPORT UTILITY SYSTEMS (BBA (HM) 402)
INSTITUTE – TECHNO MAIN SALT LAKE
TOPIC – IMPORTANCE OF SUPPORT UTILITY SYSTEMS
 CONTENTS
• 1. INTRODUCTION
• 2. PRINCIPLES OF ENTREPRENEURSHIP
• 3. IMPORTANCE OF SUPPORT UTILITY SYSTEMS
• 4. CONCLUSION
 INTRODUCTION
Entrepreneurship has become increasingly important for businesses of
all sizes around the world.

It opens new opportunities and possibilities for the businesses to

create values for themselves and for the society at large.

Despite its popularity, studies suggest that the scope of

entrepreneurship remains unknown, and therefore the prospects of
entrepreneurial activities remains not fully realised.
This presentation highlights entrepreneurship principles and its
importance.
 PRINCIPLES OF
• ENTREPRENEURSHIP
It is always not the case that Entrepreneurs should
make money fast and this should not be the goal
• It is always better to find the right opportunity even if
it takes time instead of chasing mirages
• Invest in people and build successful teams
• It is always not enough to have everything in place.
Execution and Delivery are what matters
• Entrepreneurs must be self actualizing visionaries
IMPORTANCE OF SUPPORT UTILITY
SYSTEMS
• Economic growth: The success of the products and services created and sold
by entrepreneurs cascades to other businesses and markets.
• Wealth generation: Entrepreneurs frequently target new markets and tap
audiences outside the focus of established firms. This creates new sources of
revenue and profits.
• Social change: The innovative goods and services entrepreneurs offer reduce
dependence on outdated processes and technologies. One example is the
way smartphones have affected how businesses communicate with
customers, employees, and partners.
• Community development: Entrepreneurs foster a sense of community
among people with common goals and interests, whether in a single
neighborhood or across continents. Their products and services contribute to
the communities’ social and economic well-being.
 CONCLUSION
To be successful in sustainable business practices often
requires entrepreneurship and innovation. This chapter
provides an overview of entrepreneurship and innovation as it
relates to sustainable business. The discussion is most
relevant to sustainable businesses focused on offering new
products and services in response to societal concerns. The
importance of entrepreneurship and innovation also applies
to companies that change how they produce products and
services. The latter companies can use innovative practices
and entrepreneurship to establish their brand name and to be
market leaders in doing things that create shared value for
society and their companies and also, over time, contribute to
changes in practices in their industry.