Professional Documents
Culture Documents
By:
srinivas
Entrepreneurship: Stepping Stone for Your Success
DEFINITION AND
MEANING
Albert Shapiro – Entrepreneurs take initiative,
accept risk of failure and have an internal locus of
control.
An Entrepreneurship signifies a continuous, ever
evolving, ever expanding opportunity for personal as
well as business growth and development
SLOGAN
A nice slogan was given
by
SWAMI
VIVEKANANDA……
…
“YOU ARE THE
CREATOR OF YOUR
OWN DESTINY”
ENTREPRENEURSHIP SYSTEM
SUCCESSFUL ENTREPRENEURS
The following are some of successful
Entrepreneurs:
Mr. PATEL - Nirma Group of companies.
Mr. NARAYANA MURTHY – Infosys
Technologies
Mr. DHIRUBAI AMBANI – Reliance Group
Mr. RAMOJI RAO – Eenadu Group
Mr. LAKSHMI MITTAL – Mittal Iron Industries
WHAT IS
ENTREPRENEURSHIP?
It can be described as a process of action an
entrepreneur undertakes to establish his
enterprise.
IT IS A CREATIVE ACTIVITY.
WHO IS AN ENTREPRENEUR
He is a person who start
the business in search of
new challenges.
He convert threat into
opportunity.
He is creative and
innovative.
ADVANTAGES OF
ENTREPRENEURSHIP
1.INCOME GENERATION :
It is the initial stage in the
entrepreneurial process in which one tries to generate surplus or
profit
2.SELF EMPLOYMENT:
It is the second stage in the entrepreneurial
process and refers to an individuals full time involvement in his
own occupation
FUNCTIONS OF
ENTREPRENEUR
1. INNOVATION:
2. RISK BEARING:
3. ORGANISATION BUILDING:
EMPLOYMENT ≠ ENTREPRENEURSHIP
EMPLOYMENT : ENTREPRENEURSHIP:
Works for others. Own boss.
or positive.
ENTREPRENEUR VS MANAGER
An entrepreneur is his A manager is a hired
own boss. employee.
An entrepreneur initiates A manager follows rules
change. and procedures.
An entrepreneur gets A manager gets fixed
uncertain rewards. rewards and salary.
An entrepreneur assumes A manager does not
financial, material and have to bear risks.
psychological risks.
FUTURE ENTREPRENEUR
CONCLUSION
The identification and development of 1 st
generation entrepreneurs through
Entrepreneurial Development Programmes is
an important strategy.
India needs entrepreneurs to capitalize on new
opportunities and to create wealth and new
jobs.