PRESENTATION

ON
“FACTORS AFFECTING
ENTREPRENEURSHIP
GROWTH”
 INDEX
◦ ENTREPRENEURSHIP
◦ IMPORTANCE OF ENTREPRENEURSHIP
◦ GROWTH OF ENTREPRENEURSHIP
◦ FACTORS AFFECTING ENTREPRENEURSHIP GROWTH
◦ ECONOMIC FACTORS
◦ NON-ECONOMIC FACTORS
◦ THANK YOU
ENTREPRENEURSHIP
◦ Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a
profit.
◦ But as a basic entrepreneurship definition, that one is a bit limiting. The more modern entrepreneurship
definition is also about transforming the world by solving big problems. Like bringing about
social change or creating an innovative product that challenges the status quo of how we live our lives on
a daily basis.
◦ Entrepreneurship is what people do to take their career and dreams into their hands and lead it in the
direction they want.
◦ It’s about building a life on your own terms. And no one holding you back. Entrepreneurs are able to take
the first step into making the world a better place – for everyone in it, including themselves.
 IMPORTANCE OF
ENTREPRENEURSHIP
Entrepreneurship is the dynamic process of creating incremental wealth and innovating things of value that
have a bearing on the welfare of an entrepreneur.
It provides civilization with an enormous amount of goods and services and enhances the growth of social
welfare.
The main importance of entrepreneurship is the creation of job opportunities, innovation, and improve the
economy.
The man behind the entrepreneurship is an action-oriented and highly motivated individual who is ready to
achieve goals.
M. Kirzner (1973) observes entrepreneurs as; “one who perceives what others have not seen and acts upon
that perception”.
Thus, entrepreneurs take the economy and the society that is the whole civilization to the state of progress
and prosperity.
GROWTH OF ENTREPRENEURSHIP
◦ Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a
profit.
◦ But as a basic entrepreneurship definition, that one is a bit limiting. The more modern entrepreneurship
definition is also about transforming the world by solving big problems. Like bringing about
social change or creating an innovative product that challenges the status quo of how we live our lives on
a daily basis.
◦ Entrepreneurship is what people do to take their career and dreams into their hands and lead it in the
direction they want.
◦ It’s about building a life on your own terms. No bosses. No restricting schedules. And no one holding
you back. Entrepreneurs are able to take the first step into making the world a better place – for everyone
in it, including themselves.
 FACTORS AFFECTING
ENTREPRENEURSHIP GROWTH
◦ Development of entrepreneurship is not a spontaneous one but a dependent of phenomenon of economic,
social, political, psychological factors supporting conditions to entrepreneurship development
◦ there are mainly two types of factors that affect entrepreneurial growth:
◦ economic factors and non- economic factors
 ECONOMIC FACTORS
◦ Economic Factor-Economic environment exercises the most direct and immediate influence on entrepreneurship.
◦ Capital-factors of production Increase in capital investment in viable projects results in increase in profitstoo gets a boost with
the easy availability of funds for investment Bank loan

◦ Labor-Easy availability of right type of workers also effect entrepreneurship-The quality rather than quantity of labor
influences the emergence and growth of entrepreneurship.-low-cost labor
◦ Raw Materials-In the absence of raw materials, neither any enterprise can be established nor can an entrepreneur be emerged-
basic ingredients required for production-Shortage of raw material can adversely affect entrepreneurial environment.

◦ Market- The role and importance of market and marketing is very important for the growth of entrepreneurship- modern
competitive world no entrepreneur can think of surviving in the absence of latest knowledge about market and various
marketing techniques.- The size and composition of market both influence entrepreneurship in their own ways.

◦ Infrastructure-Expansion of entrepreneurship presupposes properly developed communication and transportation

facilitiesPost and telegram substitute by s- before use birds
 NON-ECONOMIC FACTORS
◦ Caste Factor/Family Background
-cultural practices and values in every society which influence the’ actions of individuals.-The Brahmana (priest),
the Kshatriya (warrior), the Vaishya (trade) and the Shudra (artisan):-social mobility-type of family and economic
status of family-

◦ Education-Education enables one to understand the outside world and equips him with the basic knowledge and
skills to deal with day-to-day problems.-Certain societies encourage innovationsCultural Value-Entrepreneurial
growth requires proper motives like acquisition of prestige and attainment of social status.-strength of these
motives depends upon the culture of the society.
◦ Psychological Factors-Need for achievement refers to an individual's desire for significant accomplishment,
mastering of skills, control, or high standards.need achievement’ is social motive to excel that tends to characterize
successful entrepreneurs i.e entrepreneurs, had this characteristic-Moreover, some societies tend to reproduce a
larger percentage of people with high ‘need achievement’ than other societies- singapore-that people with high
need-achievement are distinctive in several ways.
 THANK YOU
-BY
BHAVYA BHARDWAJ
IXth-A
ROLL NO. 4
I.T.