entrepreneurship development

ENTREPRENEURSHIP DEVELOPMENTTripti TiwariMicrosoft Student Partner (MSP)

WHO IS AN ENTREPRENEUR?

• An entrepreneur is a person who starts an enterprise. He searches for change and responds to it.

DEFINITIONS BY FAMOUS ECONOMIST AND AUTHORS

• Richard Cantillon defines entrepreneur as, “An entrepreneur is a person who pays a certain price for a product to resell it at an uncertain price, thereby making decisions about obtaining and using the resources while consequently admitting the risk of enterprise.

• Shapiro defined entrepreneur as, “Entrepreneurs take initiative, accept risk of failure and have an internal locus of control.”

CHARACTERISTICS OF ENTREPRENEUR

• Risk bearer.

• Innovative.

• Forecasts uncertainties.

• Creative activity.

• Business oriented.

• Result oriented.

IMPORTANCE OF ENTREPRENEURSHIP

• Establishment of viable units.

• Develop entrepreneurial tendencies.

• To promote innovations.

• Optimum utilization of resources.

• Increase employment opportunities.

• Balance economic development.

• Rapid economic development.

• Social satisfaction.

• Promote capital formation.

• Contribute towards Govt. policy execution.

CONTD…..

• Means of social change.

• Minimize Socio-economic problem.

• Establish self sufficient economy.

TYPES OF ENTREPRENEURS.

• On the basis of ownership.

• On the basis of attitude.

• On the basis of centralization.

• On the basis of size.

• On the basis of entrepreneurial function.

• On the basis of leadership.

• Urban and Rural entrepreneurship.

ON THE BASIS OF LEADERSHIP.

• Individualistic entrepreneurship.

• Group entrepreneurship.

ON THE BASIS OF OWNERSHIP.

• Private entrepreneurship.

• Public entrepreneurship.

• Joint entrepreneurship.

• Co-operative entrepreneurship.

ON THE BASIS OF ATTITUDE.

• Traditional entrepreneurship.

• Modern/revolutionary entrepreneurship.

ON THE BASIS OF CENTRALIZATION.

• Centralized entrepreneurship.

• Decentralized entrepreneurship.

ON THE BASIS OF SIZE

• Large entrepreneurship.

• Small entrepreneurship.

ON THE BASIS OF ENTREPRENEURIAL

FUNCTION• Routine entrepreneurship.

• New type entrepreneurship.

OTHER TYPE OF ENTREPRENEURSHIP

• Urban entrepreneurship.

• Rural entrepreneurship.

• Systematic entrepreneurship.

MOTIVATION

• Derived from word motive.

• An impulse that drives person into action.

• Process of encouragement to derive desired results.

CHARACTERISTICS FOR MOTIVATION.

• It is an complex phenomena.

• Gives birth to common behavior.

• Differs from people to people.

• Common motivation produces common results.

• It is a managerial characteristics.

• It is a psychological process.

• It comes from different sources.

• It is a continuous process.

SOURCES OF MOTIVATION

• Power driven motivation.

• Affiliation based motivation.

• Achievement based motivation.

POWER DRIVEN MOTIVATION.

• Work for enhancing social prestige.

• Work under external pressure.

AFFILIATION BASED MOTIVATION.

• To establish and maintain friendly relations.

• Basically done to get things done from relations.

ACHIEVEMENT BASED MOTIVATION.

• Hard work for getting result.

• Believes on own efforts.

• Done to achieve something unique.

MOTIVATIONAL FACTORS FOR

ENTREPRENEURSHIP • Desire to achieve.

• Desire for innovation.

• Ambition to earn wealth.

• To start independent profession.

• To get social recognition.

• Social service.

• Self satisfaction and development.

• Satisfaction from creativity and production activity.

THANKS!!