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Importance of Entrepreneurship

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Pharmaceutical Project Manager

Analyzes investments,

Review market data, and

Comes up with new promotions for new drugs and devices

Development of managerial capabilities

Entrepreneurship helps in identifying and developing managerial capabilities of entrepreneurs.

An entrepreneur after studying a problem, identifies its alternatives, compares the alternatives in terms of cost and benefits implications to choose the best alternative.

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Pharmaceutical Project Manager

Analyzes investments,

Review market data, and

Comes up with new promotions for new drugs and devices

Creation of organizationsEntrepreneurship results into creation of productive organizations as entrepreneurs assemble and coordinate physical, human and financial resources and direct them towards achievement of objectives through managerial skills.

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Pharmaceutical Project Manager

Analyzes investments,

Review market data, and

Comes up with new promotions for new drugs and devices

Means of economic development

Entrepreneurship involves factors which are so essential for the economic development of a country like:

• Creation and use of innovative ideas, • Maximization of output from given resources, • Development of managerial skills, etc.

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Pharmaceutical Project Manager

Analyzes investments,

Review market data, and

Comes up with new promotions for new drugs and devices

Improving standards of living Entrepreneurship helps in making a wide variety of goods and services

available to the society which results into higher standards of living for the people.

Efforts of entrepreneur raise living standards of people with pointers like possession of luxury cars, computers, mobile phones, rapid growth of shopping malls, etc.

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Thank You!