faces in the crowd are distinguish in their work through
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FACES IN THE CROWDARE DISTINGUISH IN
THEIR WORK THROUGH
THE SIFTING SAMUS OF TIME SPEARHEADED THEBUILDING OF INDIA INC.
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AJIM PREMJI
Anil Ambani
Sunil Bharti Mittal
Rahul BajajPadma Bhushan
Anand Mahindra
S 'Kris' Gopalakrishnan
Adi Godrej
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BORN : AUGUST 20, 1946 ; AGE : 6
FULL NAME: NAVARA RAMARAONARAYANA MURTY
OCCUPATION : NON EXECUTIVECAIRMAN& CHIEF MENTOR OFINFOSYSSALARY : $ 50,000 USD(INFOSYS)
NET WORTH: $ 1.9 BILLION USD(2007)CHILDREN : ROHAN & AKSHATA
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N R Narayana Murthy
Nagavara Ramarao NarayanaMurthy is the co-founder, non-
executive chairman and chief mentorof India's best known software firm,
Infosys Technologies Ltd.Murthy is a globally known andhighly regarded entrepreneur
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The Economist ranked him 8thamong the top 15 most admiredglobal leaders (2005). He was
ranked 28th among the world'smost-respected business leadersby the Financial Times (2005).He topped the Economic Times
Corporate Dossier list of India'smost powerful CEOs for twoconsecutive years 2004 and2005.
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Narayana Murthy is a role
model for millions of Indians
He represents the face of the
new, resurgent India to the
world. - Manmohan Singh,Prime Minister of India Through
his vision and leadership
Narayana Murthy sparked a
wave ofinnovation andentrepreneurship that changed
the way the world views
India.
- Bill Gates, Chairman of the
Board, Microsoft Corporation
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Narayana Murthys 5 successmantras for entrepreneurs:
1. You must have an idea whose value to themarket should be expressible in a simplesentence, not a complex or a compound
sentence. . .; 2. You must have a team that brings mutually
exclusive, but collectively exhaustive set ofskills, experience and expertise.
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4. You need a good value system, because entrepreneurship in
the beginning is all about sacrifice, hard work, deferredgratification, disappointments. It is the value system that createsconfidence in each member of the community that other members
too are doing the same to make this company succeed. . .
5. You need funds ..but that is easy , finance is nota problem.
3. The market must be ready for your idea. Ifthe market is not ready for your idea, doesnt
matter how smart your idea is, you will notsucceed.
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ENTREP
RENEUR
ISACR
EATOR
OF
VALUE
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KEY ELEMENTS
OF
ENTREPRENEUR
INNOVAT
IO
N RISK-T
AKINGETH
ICS
DECISIONMAKINGPLANNING
VISION
ORGANISINGSKILL
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How Entrepreneurship Makes a
Difference
The Promise ofEntrepreneurship
Technological innovation
Industry formation
Job creation
New business formation
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Entrepreneurship theprocess of creating or
seizing an opportunityand pursuing itregardless of the
resources currently
controlled.
Entrepreneurship
is a flash ofgenius
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ENTREPRENEURS
BUSINESS ENTREPRENEUR
Are individuals who conceivean idea for a new product and
then create a business tomaterialize their idea into
reality.
SUCH AS: Printing press, Textile
Processing house, Advertisingagency, Ready made garments
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TRADING ENTREPRENEUR
An individual whoundertakes trading
activities and is notconcerned with themanufacturing work and isengaged in both domestic
and overseas trade.
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INDUSTRIALENTREPRENEUR
Is a manufacturer whoidentifies the potential
needs of customers and
tailors a product orservice to meet the
marketing needs and hasthe ability to convert
economic resources andtechnology into aprofitable venture.
Such as : electronic
industry, video
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CORPORATE ENTREPRENEUR
a person who demonstrate his
innovative skill in organizingand managing corporate
undertaking which is a form ofbusiness organization that is
registered under some act.E.g. a trust registered under
the trust act.
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AGRICULTURAL ENTREPRENEUR
An individual who undertakesagricultural activities as raising
and marketing of crops ,fertilizers and other inputs of
agriculture.
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http://www.gettyimages.com/detail/81990233/UpperCut-Images -
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ENTTREPRENEURIAL
PROCESS
entrepreneurship is aprocess of identifying,evaluating, seizing an
opportunity and bringing
together the resourcesnecessary for success.
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CRITICAL FACTORS FOR STARTING A NEW
VENTURE
The Personal factor
Sociological factor
Environmental factor
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A model
Personal Personal Sociological Personal OrganizationalAchievement
Locus of controlAmbiguityTolerance
Risk- TakingPersonal values
EducationExperience
Risk takingJob
DissatisfactionJob loss
AgeCommitment
NetworkTeam
ParentsFamilyRole
models
EntrepreneurLeader
ManagerCommitment
Vision
TeamStrategyStructureCulture
Products
INOVATION TRRIGRING
EVENT
IMPLEMENTATION GROWTH
ENVIORNMENT
OpportunitiesRole Models
Creativity
ENVIORNMENT
CompetitionResources
Govt. Policy
ENVIORNMENT
SuppliersCustomersCompetitors
BankersInvestors
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To Accomplish Great Things,To Accomplish Great Things,
We must not only act, but alsoWe must not only act, but also
dream: not only plan, but alsodream: not only plan, but also
believe.believe.
THE 10 Ds DREAM
DECISIVENESS DOERS
DETERMINATION
DEDICATION DEVOTION
DETAILIST
DESTINITY DOLLARS
DISTRIBUTE
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REASONS FOR STARTING A BUSINESS
SELFMANAGEMENT
FINANCIALINDEPENDENCE
CREATIVEFREEDOM
FULL USE OF PERSONAL SKILLS &KNOWLEDGE
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Steps in the Entrepreneurial
Process
1.DISCOVERY
2.CONCEPT
DEVELOPMENT3.RESOURCING
4.ACTUALIZATION
5.HARVESTING
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DiscoveryThe stage in which the
entrepreneur generates ideas,recognizes opportunities, and
studies the market
Consider your
hobbies or skills
Consider consumer
needs and wants
Study demographics
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Concept Development:
Develop a businessplan:
a detailed proposaldescribing the business
idea
Choose businesslocation
Will a patent ortrademark be required
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Resourcing:The stage in
which theentrepreneuridentifies andacquires the
financial, human,and capitalresources
needed for theventure startup,
etc
IdentifyIdentifypotentialpotential
investorsinvestors
Apply forApply for
loans,loans,
grants andgrants andassistanceassistance
HireHire
employeesemployees
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Actualization:The stage in which the
entrepreneur operates thebusiness and utilizes
resources to achieve its
goals/objectives.
Day-to-Day
Operations
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http://images.google.co.in/imgres?imgurl=http://ownercommunity.homeaway.com/Resources/Image/Blog/planner.jpg&imgrefurl=http://ownercommunity.homeaway.com/tip/Resources/Public_Pages/Tips/Home_Owner_Tips/Policies__Procedures/12_Ways_to_Organize_Your_Vacatio&usg=__tgxJgr6_CwE-yuHfuGO65HqgEe8=&h=891&w=1278&sz=90&hl=en&start=7&tbnid=3tUvqjJhat-owM:&tbnh=105&tbnw=150&prev=/images%3Fq%3Dplans%2Band%2Bgoals%26gbv%3D2%26hl%3Den%26sa%3DG -
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Harvesting:What is your 5-year
plan?Consider Expansion:
Possibly addmultiple locations
Providing differentproducts/services
What is your 10-year
plan?Will you go public ?
NYSE or NASDAQ
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WHAT HAMPERS THE
ENTREPRENEURIAL
PROCESS?
Financial struggle
No government support
Lack of a forum fordiscussing entrepreneurial
issues
Poor infrastructure
Corruption andBureaucracy
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LESSONS LEARNT FROM THE
ENTREPRENEURIAL PROCESS
Do whatever it takes, whatever isnecessary
Retain strong customer focusInvest for the long-term
Invest in qualityBe hands-onMulti-tasking is important
The need for the ability to tolerateambiguity
Share profits with employeesGovernment's relative
Un involvement in the high tech
industry is a blessing
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