Entrepreneurship Concept 121215055653 Phpapp02.pdf

7/24/2019 Entrepreneurship Concept 121215055653 Phpapp02.pdf

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ENTREPRENEURSHIP- CONCEPT

Prepared by

CHARAK [email protected]


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ABOUT ENTREPRENEURSHIPEntrepreneurship is the act of being an entrepreneur,which can be dened as "one who undertakes innovations

, nance and business acumen in an eort to transforminnovations into economic goods". This may result in neworganizationsor may be part of revitalizing matureorganizationsin response to a perceived opportunity. The

most obvious form of entrepreneurship is that of startingnew businessesreferred as !tartup ompany#$ however,in recent years, the term has been e%tended to includesocial and political forms of entrepreneurial activity. &henentrepreneurship is describing activities within a rm or

large organization it is referred to as intra'preneurshipand may include corporate venturing, when large entitiesspin'o organizations.(ccording to )aul *eynolds, entrepreneurship scholar and

creator of the +lobal Entrepreneurship onitor, "by thetime the reach their retirement ears, half of all workin
http://en.wikipedia.org/wiki/Entrepreneurhttp://en.wikipedia.org/wiki/Innovationshttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Startup_Companyhttp://en.wikipedia.org/wiki/Startup_Companyhttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Innovationshttp://en.wikipedia.org/wiki/Entrepreneur


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0t has assumed super importance for

accelerating economic growth both indeveloped and developing countries. 0tpromotes capital formation and creates

wealth in country. 0t is hope and dreams ofmillions of individuals around the world. 0treduces unemployment and poverty and itsa pathway to prosper. Entrepreneurship isthe process of searching out opportunitiesin the market place and arrangingresources re1uired to e%ploit these

opportunities for long term gains. 0t is the

Concept ofEntrepreneurship

11/23/15 3Charak Ray


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Who is an

Entrepreneur?

(n entrepreneur is a person who has possession

of a new enterprise, ventureor ideaand isaccountable for the inherent risks and theoutcome. The term was originally a loanwordfrom 2renchand was rst dened by the 0rish'

2rench economist*ichard antillon. Entrepreneurin Englishis a term applied to a person who iswilling to launch a new venture or enterprise andaccept full responsibility for the outcome.

3ean'4aptiste !ay, a 2rench economist, is believedto have coined the word "entrepreneur" in the56th century ' he dened an entrepreneur as"one who undertakes an enterprise, especially acontractor, acting as intermediary between11/23/15 4Charak Ray
http://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Venturehttp://en.wikipedia.org/wiki/Ideahttp://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Venturehttp://en.wikipedia.org/wiki/Ideahttp://en.wikipedia.org/wiki/Loanwordhttp://en.wikipedia.org/wiki/French_languagehttp://en.wikipedia.org/wiki/Economisthttp://en.wikipedia.org/wiki/Richard_Cantillonhttp://en.wikipedia.org/wiki/English_languagehttp://en.wikipedia.org/wiki/Jean-Baptiste_Sayhttp://en.wikipedia.org/wiki/Jean-Baptiste_Sayhttp://en.wikipedia.org/wiki/English_languagehttp://en.wikipedia.org/wiki/Richard_Cantillonhttp://en.wikipedia.org/wiki/Economisthttp://en.wikipedia.org/wiki/French_languagehttp://en.wikipedia.org/wiki/Loanwordhttp://en.wikipedia.org/wiki/Ideahttp://en.wikipedia.org/wiki/Venturehttp://en.wikipedia.org/wiki/Organization


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What is the process of

entrepreneurship?The word is deried fro! a frenchword" co!!on#$ used in the %&thcentur$ 'entreprendre( referrin) to

the indiidua#s who were *asica##$+underta,ers-" who too, the ris, ofanew enterprise. In !an$ for! of

french" British and Austra#ian#iterature in econo!ics" the word wasused in the conte/t of +chan)e

a)ent0. Entrepreneurship is *asica##$11/23/15 5Charak Ray


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Wh$ see, anenterprise?

A person see, entrepreneurship*ecause wor#d fu## of happiness" 4o$"co!fort and peace. Wheneer andwhereer pro*#e!s occur" the

indiidua# see,s to e#i!inate thepro*#e!s so that the wor#d cou#d *e a*etter p#ace to #ie in" a #ife worth

#iin). In order to !a,e it happens"one has to thin, of such processesthat wou#d $ie#d products and serices

that wou#d ena*#e and *rin)11/23/15 6Charak Ray


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How does the spirit ofentrepreneurship he#p?

The spirit of entrepreneur shiphe#ps the indiidua# to )row. It*rin)s out the !u#tifaceted

ta#ents #atent in hi!. It he#ps inthe art practicin) innoatieideas" products and serices out

of the ,now#ed)e aai#a*#e in hi!5acin) cha##en)esP#annin) enterprises

I!proin) the inter2persona#s11/23/15 7Charak Ray


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Understandin) 6nancia# s$ste!s7ana)e!ent of products and

serices8ee#opin) ad!inistratie and!ana)eria# s,i##s

Understandin) and appreciatin)the concept of 9ua#it$Socia# transfor!ation

Bein) a part of a d$na!ic andco!petitie societ$

5urther "he is contri*utin)

indirect#$ to the socia# pro)ress"11/23/15 8Charak Ray


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Wh$ do we need

entrepreneurs?Histor$ is profuse withe/a!p#es of the pro)ress andachiee!ents !ade *$ !an$

countries where there hae*een a su*stantia# increase inthe nu!*er of entrepreneurs.

The increase in the nu!*er ofentrepreneurs is indicatie of

the increasin) sensitiit$ of11/23/15 9Charak Ray


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8e6nitions of

entrepreneurshipThere !an$ de6nition ofentrepreneurship which di3erfro! person to person *ut as In

our te/t there are de6nition of :persons who are e/perts in thissu*4ect entrepreneurship

Who are%.Richard Canti##on;.Ada! S!ith


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8e6nition 2%

Richard canti##on+As a personwho pa$s a certain price to a

product to rese## it at anuncertain price" there*$!a,in) decisions a*out

Richard

canti##on



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8e6nition 2 ;

Ada!

s!ithAda! s!ithEntrepreneur as anindiidua#" who underta,es the

for!ation of an or)ani1ation forco!!ercia# purposes *$reco)ni1in) the potentia# de!and

for )oods and serices" and11/23/15 12Charak Ray


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8e6nition 2

=oseph

Schu!peter%@


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8e6nition 2 :

Peter

8ruc,er%2;:Peter 8ruc,er He descri*es theentrepreneur in a *e6ttin) !anner as+ one who is ino#ed in )atherin) andusin) resources to opportunities toproduce resu#ts.0He a#so ar)ues that innoation is as eci6c instru!ent of an11/23/15 15Charak Ray


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SO7E PICTURES



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So!e 8o(s for anentrepreneur

(ction it within 9:hrs to make sure you never lose the original idea.

;our attitude determines your altitude.

Think 40+ start small.

hange is constant.

0t is up to me if it is going to be.

;ou get what you think about most of the time.

&hether you believe you can or you believe you can


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So!e DreatEntrepreneurs



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THANK YOU


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Entrepreneurship Concept 121215055653 Phpapp02.pdf