2. He is an innovator; Carries new combinations in everchanging environment.
It processes economical, social and technological
development.
A manager is one who manages all the resources to
match with the organizational needs.
The entrepreneurship is very a old concept according to
which any one who runs business is called an entrepreneur.
4. Countries economical development.
Possesses Skilles, knowledge, spirit of innovations.
Dynamic
activity
production,Business,
:Brings
new
change
in
Ideas,resources,new
market.
Entrepreneur is one who understands the market dynamics and
searches for change respond to it and exploit it as an opportunity
5. The word „entrepreneur‟ is derived from the French verb
„enterprendre‟. It means “to undertake”.
Around 1700 A.D. the term was used for architects and
contractor of public works
Oxford Dictionary :“A person who sets up a business or
businesses, taking on financial risks in the hope of profit.
International Encyclopedia :“An individual who bears the risk of
operating a business in the face of uncertainty about the future
conditions.
6. The history of entrepreneurship is important worldwide, even in
India.
Times the India :-trade and business
Indians were experts in smelting of metals such as brass and tin.
Kanishka Empire in the 1st century started nurturing Indian
entrepreneurs and traders.
Roman Empire
Portuguese
and then English .
From the 1950s until the 1980s, India followed socialist-inspired
policies.
The economy was shackled by extensive regulation, protectionism,
and public ownership, leading to corruption and slow growth.
19. Ideas
Market strategies
Scan and select
Govt. rules
Selection on product and
Loc.(plant)
Budget and Capital
Selection on work force
Type of business organization
27. 1
• IDENTIFIATION of opportunity
2
• EVALUATION of opportunity
3
• PREPARATION OF THE BUSINESS plan
4
• DETMINATION and Organizing resources
5
• Management of the ENTREPRISE
28. 1
• Changing the structure of business or society
2
• These changes increases growth & high O/P
3
• Innovation (new product, services, investment)
4
• Demand
6
• Awareness of product evolution process.
7
• Effects Economy (creating new products, JOBS)
8
• Creating Employment to people.
.
.
Supply
29. 1
• Lack of capital……….investment………
2
• Lack of technical knowledge…………….skills
3
• Economical BUSINESS CYCLES
4
• Non availability of RAW MATERIALS ….RESOURCES
5
• Government regulations
6
• Obsolescence of technology or IDEA
7
• Unstable/Unpredictable Market
8
• Globalization :Entry of new PRODUCTS
9
• Risk
30. Growth of Small Scale industries
EDP focuses on entrepreneurship
qualities
Provides Knowledge to solve PROBLEMS
& DIFFICULTIES
31. 1
• Lack of capital……….investment………
2
• Lack of technical knowledge…………….skills
3
• Economical BUSINESS CYCLES
4
• Non availability of RAW MATERIALS ….RESOURCES
5
• Government regulations
6
7
• Obsolescence of technology or IDEA
• Unstable/Unpredictable Market
32. 1
• Develop and Strengthen Entrepreneurial qualities
2
• ledge…………….skills
3
• Economical BUSINESS CYCLES
4
• Non availability of RAW MATERIALS ….RESOURCES
5
• Government regulations
6
7
• Obsolescence of technology or IDEA
• Unstable/Unpredictable Market