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Entrepreneurship By Anil Pillai

By the end of this session, you will be able to:

State entrepreneurshipDefine entrepreneurList the characteristics of an

entrepreneurDiscuss traits of an

entrepreneurPoint out who can be an

entrepreneurList types of entrepreneurs

Objectives

By Anil Pillai

Entrepreneurship

By Anil Pillai

Understanding Entrepreneurship

Entrepreneurship: It is the process of starting a business or other organization.The process of transforming

creative ideas into commercially viable business.

It continues to be a most powerful economic force in today’s world economy.

Entrepreneurship requires more than merely luck and money.

It is a cohesive process of creativity, risk taking and planning

By Anil Pillai

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Entrepreneurship

By Anil Pillai

Entrepreneur

Entrepreneur: An individual who bears the risk of operating business in the realm of uncertainty about the future conditions.

By Anil Pillai

Entrepreneur

Entrepreneur: A person who undertakes an enterprise taking chances of profit or loss.

By Anil Pillai

Entrepreneur

The term ‘Entrepreneur’ is derived from the French word ‘entrprendre’ which means ‘go between’ or ‘ to undertake’.

Entrepreneur is any person who undertakes the risk of establishing and running an enterprise.

By Anil Pillai

These are the individuals who recognize opportunities where others see confusion or problem.

Entrepreneurs

By Anil Pillai

They act like aggressive catalysts for change within the marketplace.

They challenge the unknown and continuously create future.

Entrepreneurs

By Anil Pillai

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Entrepreneurs- The makers of business

By Anil Pillai

By Anil Pillai

Characteristics of an Entrepreneur

By Anil Pillai

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Traits of an entrepreneur

By Anil Pillai

There are different types of entrepreneurs category wise.

According to choice of field:i. Business Entrepreneursii. Trading Entrepreneursiii. Corporate Entrepreneursiv. Agricultural Entrepreneurs

By Anil Pillai

Types of Entrepreneurs

According to capital ownership:

i. Private Entrepreneurs

ii. State Entrepreneurs

iii. Joint Entrepreneurs

By Anil Pillai

Types of Entrepreneurs

According to area:

i. Urban Entrepreneurs

ii. Rural Entrepreneurs

By Anil Pillai

Types of Entrepreneurs

According to scale of business:

i. Small Scale Entrepreneurs

ii. Medium Scale Entrepreneurs

iii. Large Scale Entrepreneurs

By Anil Pillai

Types of Entrepreneurs

The classification of entrepreneurs are not mutually exclusive. They come under mainly following types of entrepreneurship:

Small Business EntrepreneurshipScalable Startup EntrepreneurshipLarge Company EntrepreneurshipSocial Entrepreneurship

By Anil Pillai

Major Types of Entrepreneurship

By Anil Pillai

Activity Time

Few traits of entrepreneurs….

By Anil Pillai

Innovation

Put-Away

Risk-taking

Motivators

Vision

Decision making

Goal orientation

Leadership

Job creators

Team buildingDynamism

Creativity

LET’S DISCUSS!

By Anil Pillai

By Anil Pillai

Knowledge Check

Entrepreneurship can best be described as:o a process that requires setting up a businesso having a strong visiono a process involving innovation, new products

or services, and value creationo the generation of new jobs

By Anil Pillai

Knowledge Check

Which of these statements best describes the context for entrepreneurship: o Entrepreneurship takes place in large

businesseso Entrepreneurship takes place in a wide variety

of contexts o Entrepreneurship does not take place in social

enterprises o Entrepreneurship takes place in small

businesses

By Anil Pillai

Knowledge Check

Innovation can best be defined as:o the generation of new ideas o the evolution of new ideas o the opposite of creativity o the successful exploitation of new ideas

By Anil Pillai

Knowledge Check

Which of the following is a common entrepreneurial trait?o Viewing changes as threateningo A need for structured environmentso A high need for achievemento All of the above

By Anil Pillai

Knowledge Check

Entrepreneurship is the process of starting a business or other organization.

It involves creativity, risk taking and planning

An entrepreneur is a person who undertakes an enterprise taking chances of profit or loss.

The term ‘Entrepreneur’ is derived from the French word ‘entrprendre’ which means ‘go between’ or ‘ to undertake’.

The main characteristics of an entrepreneur are: Creativity, Innovation, Leadership, Risk-taking and decision making ability.

By Anil Pillai

Let’s Summarize!

By Anil Pillai