ENTREPRENEURSHIP Lecture No: 10 BY CH. SHAHZAD ANSAR.
Transcript of ENTREPRENEURSHIP Lecture No: 10 BY CH. SHAHZAD ANSAR.
ENTREPRENEURSHIP Lecture No: 10
BY CH. SHAHZAD ANSAR
ENTREPRENEURSHIP Lecture No: 10
BY CH. SHAHZAD ANSAR
The Individual Entrepreneur-II
The Individual Entrepreneur-II
Role Models and Support systems Role Models and Support systems
Role Modelsparents, relatives, or
entrepreneurs in the community.
may serve as mentors.
may help establish a moral support network.
invaluable source of counsel and advice.Who are your entrepre-neurial role models?
Moral-Support Network
Moral-Support Network
Professional-Support Network
Professional-Support Network
Male versus Female Entrepreneurs
Male versus Female Entrepreneurs
EntrepreneursMen Vs. Women
motivated to achieve independence and ‘make things happen.’
Departure point: job dissatisfaction, layoff.
Support group: friends, professional acquaintances.
Initiates between ages 25-35. More likely to start a business in manufacturing, construction or high tech.
motivated to accomplish a goal and achieve independence.
Departure point: job frustration, change in personal circumstances.
Support group: spouse, family, close friends.
Initiates between ages 35-45. More likely to start a service business.
Most other dimensions show no differences.(Hisrich & Peters, p. 76)
Minority Entrepreneurship
Minority Entrepreneurship
Entrepreneurs versus Inventors
Entrepreneurs versus Inventors
Entrepreneur Vs. InventorAn inventor creates something for the first time. While the entrepreneur falls in love with the new venture, the inventor falls in love with the invention and often requires the expertise of an entrepreneur to launch a new venture.
Historians classify Albert Einstein as an inventive genius and Henry Ford as an entrepreneurial genius. Do you agree or disagree? Why?
Warning: Difficult personality types.
This type is well grounded in theory but lacks real-world business experience.
Ralph the
Rookie
A type so in love with his own idea the he feels everyone is out to steal his idea and take advantage of him.
Prima Donna Paul
A type who thinks everything is a lot simpler than it actually is and feels she can create a successful business through easy solutions.
Simplicity
Sue
An entrepreneurial type who quickly identifies new, promising opportunities but rarely, if ever, follows through.
Shotgun
Sam
Difficult personality types (continued)
An inventor more than an entrepreneur, Irving is more concerned with the invention itself rather than creating and expediting a business.
Inventor Irving
This type does not have the right motives and objectives for developing and expediting a new enterprise.
Hidden Agenda Harry
This type is not comfortable with actually transforming the invention into a tangible business success. Attends seminars.
Underdog Ed
A perfectionist type who is so used to having things under control that she cannot handle catastrophe, ambiguity and/or chaos.
Meticulous Mary
ENTREPRENEURSHIP Lecture No: 10
BY CH. SHAHZAD ANSAR
ENTREPRENEURSHIP Lecture No: 10
BY CH. SHAHZAD ANSAR