1. Entrepreneurship Session-2

6. What is Entrepreneurship? Entrepreneurship is a dynamic form of social and economic behavior in which people respond to environmental signals about the availability of opportunities and the resources with which they can be exploited. Rae and Carswell

9. What is Entrepreneurship? An entrepreneur is a person who sees opportunity, sizes up its value, and finds the resources to make the most of it. Jim Nelson University of Idaho

21. Accepting challenges for growth Entrepreneurship Organization Decision Making Skilful Management Risk taking Making the enterprise success Innovation/Improvement

25. E N T R E P R E N U E R Innovation Administrative Ability Organization Skills Intelligence Creativity Clear Objective Business Secrecy Sound Knowledge/Technical Knowledge Emotional Stability Public Relation Effective Communication

28. The entrepreneur is solely and fully responsible for his funds. Said differently, you could conclude that the entrepreneur has to be reasonably sure of the success of his ideation. Whereas, failure of intrapreneurship probably just means the company has a loss of profit from its other businesses. Entrepreneurship Pg 1.4

29. Is an entrepreneur a manager? Yes. Is a manager an entrepreneur? Not necessarily! There are just a few essential differences Entrepreneurship Pg 1.4

30. Entrepreneurship E M Venture New Existing Risk Yes No Reward Profit Salary Status Ind. Not Ind. Pre-req. No qual. Qual. Creative Pg 1.4

51. Innovation, Entrepreneurship & Intrapreneurship