DEBANSHU.pptx

8/14/2019 DEBANSHU.pptx

1/11

EMERGENCE OF

ENTREPRENEURIAL CLASS

(WORLD)

Presented by:-

Debanshu Mukherji


2/11

INTRODU TION The term Entrepreneur first appeared in the Frenchlanguage and

was applied to leaders of military expeditions in the beginning of the

16th century.

Richard Cantillion , an Irishman living in France was the first person

to use the term Entrepreneur to refer to economic activities. He

defined Entrepreneur as a person who buys factor services at

certain prices for selling his product at uncertain prices in future. He

viewed an Entrepreneur as a bearer of non insurable risk.


3/11

CONTD

Entrepreneurial class came into being in 17th century.

Invention of Steam Engine resulted in Industrial revolution (1769).

It changed small scale production to large scale production.

Due to this Industrial revolution, the Agrarian society in Europe got

transformed into Industrial society.

The European society was mainly dominated by Artisans and

Peasants and they witnessed large scale production.

A group of people mainly traders took risk for large scale production

and they were called Entrepreneurs.


4/11

CONTD

Due to large scale production the Entrepreneurs had surplus

matter available with them. They needed market to get their

product absorbed.

As Britain had colonies all over the world so they marketedtheir products to other countries. This is how Entrepreneurship

originated.


5/11

OCCUPATIONAL ORIGIN

The Entrepreneurs largely emerged from trading community. Prof.

Ashtonconducted a survey in which he selected 47 British

Innovators of Industrial revolution period (mainly from

manufacturing ). Out of them

1 17 Manufacturing Proprietors

2 10 Artisans

3 12 Peasants

4 4 Traders- Consumer goods

Industry

5 4 Professional men


6/11

SOCIALORIGIN

The Entrepreneurs originated mainly from predominant

socially distinct groups and were innovative.

They were outsiders and worked in Trade / Finance rather

than manufacturing industries.

-- Prof. Geertzin 1963 conducted a survey in Lebanonand

found that 80% of the Entrepreneurs were Christians however

their population was very low ,only 16% were Muslim

entrepreneurs.

--In Pakistan the Entrepreneurs were mainly fromkwasicaste and not from muslim community.


7/11

SOCIETALPERSPECTIVEOF

ENTREPRENEURIALGROWTH

Historical development of entrepreneurship is governed by different

factors. These factors are important determinants of entrepreneurial

growth and thus gave a societal perspective to the entrepreneurship.

These factors are as follows:-

(1) Ethical value of Entrepreneur

(2) Minority group moral

(3) Need for achievement motivation

(4) Political system

(5) Exposure to new ideas and opportunities (6) Industrial climate


8/11

CONTD

(1) Ethical value system:- Max Weber opined the spirit ofrapid industrialization depends upon a nationalized technology, acquisition of money and its rational use for productivity andmultiplication of money.

(2) Minority group morale:-According to Hagendisadvantaged minority group is generally the source ofentrepreneurship . Ex:- Japan

(3) Need for achievement motivation:- McClellandapproach suggests that need for achievement motivation is

crucial factor in determining the level of industrial andeconomic activities ex:- Jainsand Parsis


9/11

CONTD

(4) New ideas and opportunities:- Exposure to new ideas

and opportunities also matter for people entering into

manufacturing activities. Ex:- Arya samaj and Brahma samaj

(5) Political systems:- Political system also plays animportant role in entrepreneurial growth. Ex:- Japan

(6) Regional industrial climate:- Favorable regional

industrial climate also motivates people from different parts of

the country to develop an entrepreneurial class in thatparticular region or area.


10/11

CONCLUSION

The origin of emergence of entrepreneurial class lies in

Industrial revolution.

The concept of entrepreneurship originated from Europeand

then propagated to different parts of the world.

The entrepreneurs largely emerged from Tradingcommunity.

The entrepreneurs were mainly Outsiderswho settled away

from their country of origin.

Disadvantaged minority group is generally the source of

entrepreneurship.


11/11

Thank you

Documents

DEBANSHU.pptx