Development of Entrepreneurs
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Transcript of Development of Entrepreneurs
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7/29/2019 Development of Entrepreneurs
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By:srinivas
ENTREPRENEURSHIP
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Entrepreneurship: Stepping Stone for Your Success
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DEFINITION AND MEANINGAlbert ShapiroEntrepreneurs 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
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SLOGAN A nice slogan was given
by
SWAMI
VIVEKANANDA
YOU ARE THE CREATOR
OF YOUR OWN
DESTINY
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ENTREPRENEURSHIP SYSTEM
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SUCCESSFUL ENTREPRENEURS
The following are some of successful
Entrepreneurs:
Mr. PATEL- Nirma Group of companies.
Mr. NARAYANA MURTHYInfosys Technologies
Mr. DHIRUBAI AMBANIReliance Group
Mr. RAMOJI RAOEenadu Group Mr. LAKSHMI MITTALMittal Iron Industries
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WHAT IS ENTREPRENEURSHIP? It can be described as a process of action an
entrepreneur undertakes to establish his
enterprise.
IT IS A CREATIVE ACTIVITY.
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WHO IS AN ENTREPRENEUR He is a person who start
the business in search of
new challenges.
He convert threat intoopportunity.
He is creative and
innovative.
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ADVANTAGES OF ENTREPRENEURSHIP
1.INCOME GENERATION :
It is the initial stage in the
entrepreneurial process in which one tries to generate surplus orprofit
2.SELF EMPLOYMENT:
It is the second stage in the entrepreneurial
process and refers to an individuals full time involvement in his
own occupation
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FUNCTIONS OF ENTREPRENEUR
1. INNOVATION:
2. RISK BEARING:
3. ORGANISATION BUILDING:
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EMPLOYMENT :
Works for others.
Follow instructions.
Routine jobs.
Does not create wealth.
Earning is fixed.
ENTREPRENEURSHIP:
Own boss.
Make own plans.
Creative activity.
Creates wealth.
Earning can be negative
or positive.
EMPLOYMENT ENTREPRENEURSHIP
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ENTREPRENEURVSMANAGER
An entrepreneur is his
own boss.
An entrepreneur
initiates change. An entrepreneur gets
uncertain rewards.
An entrepreneurassumes financial,
material and
psychological risks.
A manager is a hired
employee.
A manager follows rules
and procedures. A manager gets fixed
rewards and salary.
A manager does nothave to bear risks.
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CONCLUSION The identification and development of 1st
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.
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