1.managerial process skillls

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Dynamics of entrepreneurship: Commitment

& determination: Leadership

Dynamics of entrepreneurship: Opportunity

obsession: Tolerance of riskDynamics of entrepreneurship :Ambiguity &

uncertainty; Creativity , self-reliance and

ability to adapt



Dynamics of entrepreneurship-Support from

significant others ;motivation to excel

Intrapreneurship and Entrepreneurship

Entrepreneurship projectMethod for generating ideas

Creative problem solving techniques

Lateral thinking

Analytical skills



1. Internal Marks:40 marks

Group assingment-20marks

Individual assingment-10 marks

Attendance-10marks

Date of submission:31 march2012

1. End term exam:60 marks



An economist defines an entrepreneur as one

who brings resources, labour ,material and

other assets into combinations that make

value greater than before and also one whointroduces changes , innovations and new

order.

A psychologist defines an entrepreneur as a

person who is typically driven by some forces ,which creates a desire to obtain or attain

something.



A sociologist defines entrepreneur as a

person whose actions would determines his

social status and who contributes to the

development of the society.Management experts define entrepreneur as

a person who has vision and generates an

action plan to achieve it.

“ Entrepreneur is an individual who takes

risks and starts something new.”



1755 Cantillon “A person bearing risk”

1800 say “Agent combining all factors of production”

1921 Knight “Recipient of pure profit”

1930 Weber Innovator

1934 Joseph

Schumpeter

“Ability to identify new opportunities”

1973 Kirzen “Contributes to movement towards

equilibrium”

1982 Mark Casson “Judgment decision maker in co-ordinating

scarce resources”

1987 Stevenson&Sahlman

“The relentless pursuit of opportunity”

1920 Gartner “Action taken to create organization”

1991 Bygrave

&Hofer

“Characteristics of the entrepreneurial

process”



According to schumpeter innovation is not

same as invention , it can be any of the

following:

The introduction of a new product Adoption of new technology

Opening up of a new market

Finding of new source of supply

Bringing about new organization of an

industry.



According to Frederick Harbison “an

organization which comprises all the people

required to perform the entrepreneurial

function” like: Managing risk and handling of economic

uncertainty

Planning and innovation

Coordination,administration and control Routine supervision



Peter Drucker defines an entrepreneur as

“one who always search for change ,responds

to it ,and exploits it as an opportunity”.

Max Weber defined entrepreneur innovationas an outcome of thoroughgoing rationalizing

of every aspect of his enterprise.

According to David McClelland ,entrepreneur

are high on need for achievement(nAch).



Le Vines shifts the emphasis from prevalent

values to the social structure for need for

achievement.

Thomas Cochran considers entrepreneurshipto represent a model personality which is a

consequence of prevalent cultural values ,

role expectation and social sanctions.

John Kunkel consider both behavioral andstructural approach to entrepreneurship.



Vision

Knowledge

Desire to succeed

IndependenceOptimism

Value addition

LeadershipHardworking

Risk taking ability



Commitment and determination

Desire of responsibility

Opportunity obsession Tolerance for risk ,Ambiguity and uncertainty

Self- confidence

Creativity and flexibility



Desire for immediate feedback

High level of energy

Motivation to excelOrientation to the Future

Willingness to learn from Failure

Leadership ability



1. Technical skills

Writing

Oral communication

InterpersonalTechnology

Ability to organize

NetworkingCoaching

Guiding



1. Business management skills:

Planning and organizing

Decision making

ControllingNegotiating

Human relations

FinancingMarketing

Venture Launch

Managing Growth



Personal skills:

Discipline

Risk taking

InnovatingChange oriented

Persistent

Visionary leader

1.managerial process skillls

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