The Entrepreneurial Perspective
-
Upload
zuberyousuf86 -
Category
Documents
-
view
219 -
download
9
Transcript of The Entrepreneurial Perspective
-
8/2/2019 The Entrepreneurial Perspective
1/24
THE ENTREPRENEURIALTHE ENTREPRENEURIAL
PERSPECTIVEPERSPECTIVE
Subject : Entrepreneurship Management
Presented By
-
8/2/2019 The Entrepreneurial Perspective
2/24
Concept of EntrepreneurConcept of Entrepreneur
Definition:
o Someone who
Owns a business enterprise
Manages
Takes initiative
Bares risks
Of course with generation of profit as a motive
Willing to deal with uncertainty
-
8/2/2019 The Entrepreneurial Perspective
3/24
Concept of EntrepreneurConcept of Entrepreneur
-
8/2/2019 The Entrepreneurial Perspective
4/24
-
8/2/2019 The Entrepreneurial Perspective
5/24
EntrepreneurshipEntrepreneurship
Definition:
o Act of being an entrepreneur
o A process through which individuals identify opportunities to serve
the need, allocate resources, and create value. This creation of value
is often through the identification of unmet needs or through theidentification of opportunities for change.
o The process of bringing together creative and innovative ideas and
actions with the management and organizational skills necessary to
mobilize the appropriate people, money, and operating resources to
meet an identifiable need and create wealth in the process
-
8/2/2019 The Entrepreneurial Perspective
6/24
EnterpriseEnterprise
Definition :
o An undertaking, especially one of some scope, complication, and risk.
o A business organization.
o Industrious, systematic activity, especially when directed toward
profito Activity Centre
-
8/2/2019 The Entrepreneurial Perspective
7/24
Advantages of EntrepreneurshipAdvantages of Entrepreneurship
Ownership
Authority
Independence Be your own boss
Income potential
Do what you love
Generation of employment
-
8/2/2019 The Entrepreneurial Perspective
8/24
Disadvantages of EntrepreneurshipDisadvantages of Entrepreneurship
High risk factor
Immense pressure builds up
No fixed income
Beyond 9 to 5 job
-
8/2/2019 The Entrepreneurial Perspective
9/24
Nature & Development of EntrepreneurshipNature & Development of Entrepreneurship
-
8/2/2019 The Entrepreneurial Perspective
10/24
Personality ofPersonality of Entrepreneurs/Entrepreneurs/IntrapreneursIntrapreneurs
-
8/2/2019 The Entrepreneurial Perspective
11/24
Innovation & EntrepreneurshipInnovation & Entrepreneurship
Innovation is the initial commercialization of invention byproducing and selling a new product, service, or process
o Product innovation
o Service innovation
o Process innovation
Root
o Need spotting
o Solution spotting
o Mental inventions
o Random eventso Market research
o Trend following
o Demographic changes
-
8/2/2019 The Entrepreneurial Perspective
12/24
Risk associated with innovationRisk associated with innovation
-
8/2/2019 The Entrepreneurial Perspective
13/24
Women & EntrepreneurshipWomen & Entrepreneurship
-
8/2/2019 The Entrepreneurial Perspective
14/24
Categories of Women EntrepreneurCategories of Women Entrepreneur
-
8/2/2019 The Entrepreneurial Perspective
15/24
Constraints faced by Women EntrepreneurConstraints faced by Women Entrepreneur
Access to
o Training
o Finance
Collateral
Lack of bank historyo Markets
Prejudice against women
Sexual Harassment
o Infrastructure
Bias
Fewer or no contacts in the bureaucracy
o Technology
-
8/2/2019 The Entrepreneurial Perspective
16/24
Schemes &Schemes & ProgrammesProgrammes for Women Entrepreneurfor Women Entrepreneur
Nehru Rojgar Yojna
Prime Minister Rojgar Yojna
TRYSEM(Training of Rural Youth for Self Employment)
DWACRA(Development of Women and Children in Rural Areas)
Mahila Samriddhi Yojna (MSY)
- Source ( ILO )
-
8/2/2019 The Entrepreneurial Perspective
17/24
StatisticsStatistics
For the period 1990-2000
-
8/2/2019 The Entrepreneurial Perspective
18/24
StatisticsStatistics
For the period 2001-2008
-
8/2/2019 The Entrepreneurial Perspective
19/24
Entrepreneurship in RuralEntrepreneurship in Rural AreasAreas
Sr. No. Constraints Development Inputs
1. Low self-image and confidenceMotivational inputs,unfreezing and experience
sharing by successful local entrepreneurs
2. No faith on others includes friends Group building experiences
3. No exposure to industry/business Field visit to factories and big markets
4.
Who to contact for starting a venture, what formalities and procedures
are to be followed? Information inputs on procedures and formalities
5.How to know whether the identified business is a viable and sound
proposition?Opportunity identification and guidance
6.How to know whether the identified business is a viable and sound
proposition?Market survey, project report preparation
7. How does one carry out bank operations?Training in simple banking procedures like filing up
deposit and withdrawal slip etc.
8. How to manage the business? Basic management orientation through simulationexercises
9. How to read and write accounts?Functional and numerical literacy. Simple accounting in
terms of writing income and expenditure
10. Almost no technical skills Technical training (on-the-job training)
-
8/2/2019 The Entrepreneurial Perspective
20/24
Types of Rural EntrepreneurTypes of Rural Entrepreneur
Individual Entrepreneurship
o It is basically called proprietary i.e. single ownership of the enterprise.
Group Entrepreneurship
o It mainly covers partnership, private limited company and public
limited company.
Cluster Formation
o It covers NGOs*, VOs*, CBOs*, SHGs* and even networking of these
groups. These also cover formal and non-formal association of a
group of individuals on the basis of caste, occupation, income, etc.
Cooperatives
o It is an autonomous association of persons united voluntarily for a
common objective.
-
8/2/2019 The Entrepreneurial Perspective
21/24
OrganisationsOrganisations who possess info. on business opportunitieswho possess info. on business opportunities
a) District Industry Centres (DIC) - (one in each district)b) Technical Consultancy Organizations (TCO) - (one each in most States)
c) Centres for Entrepreneurship Development (one each in many States)
d) Small Industry Service Institutes (SISI) (one in each of many large cities)
e) Lead Bank (one in each district)
f) Industrial Extension Bureaus (these exist in several States) and areknown as INDEXTB, Udyog Mitra, Udyog Sahay and so on).
g) National Industrial Development Corporation (NIDC), New Delhi
h) Khadi and Village Industries Commission (KVIC)
i) Commissioner of Cottage Industries (one in each State)j) Entrepreneurship Development Institute of India (EDI), Ahmedabad
k) National Institute of Entrepreneurship and Small Business Development(NIESBUD), New Delhi
-
8/2/2019 The Entrepreneurial Perspective
22/24
Requirement for success in entrepreneurship at rural levelRequirement for success in entrepreneurship at rural level
Infrastructure
o Railways
o Roads
o Power
o Telecommunication
Financial Schemes
-
8/2/2019 The Entrepreneurial Perspective
23/24
You may be disappointed if you fail,but you are doomed if you don't try.
.is rightly said.
-
8/2/2019 The Entrepreneurial Perspective
24/24