Download - Entrepreneurship development
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ENTREPRENEURSHIP DEVELOPMENTTripti TiwariMicrosoft Student Partner (MSP)
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WHO IS AN ENTREPRENEUR?
• An entrepreneur is a person who starts an enterprise. He searches for change and responds to it.
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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.”
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CHARACTERISTICS OF ENTREPRENEUR
• Risk bearer.
• Innovative.
• Forecasts uncertainties.
• Creative activity.
• Business oriented.
• Result oriented.
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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.
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CONTD…..
• Means of social change.
• Minimize Socio-economic problem.
• Establish self sufficient economy.
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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.
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ON THE BASIS OF LEADERSHIP.
• Individualistic entrepreneurship.
• Group entrepreneurship.
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ON THE BASIS OF OWNERSHIP.
• Private entrepreneurship.
• Public entrepreneurship.
• Joint entrepreneurship.
• Co-operative entrepreneurship.
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ON THE BASIS OF ATTITUDE.
• Traditional entrepreneurship.
• Modern/revolutionary entrepreneurship.
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ON THE BASIS OF CENTRALIZATION.
• Centralized entrepreneurship.
• Decentralized entrepreneurship.
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ON THE BASIS OF SIZE
• Large entrepreneurship.
• Small entrepreneurship.
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ON THE BASIS OF ENTREPRENEURIAL
FUNCTION• Routine entrepreneurship.
• New type entrepreneurship.
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OTHER TYPE OF ENTREPRENEURSHIP
• Urban entrepreneurship.
• Rural entrepreneurship.
• Systematic entrepreneurship.
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MOTIVATION
• Derived from word motive.
• An impulse that drives person into action.
• Process of encouragement to derive desired results.
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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.
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SOURCES OF MOTIVATION
• Power driven motivation.
• Affiliation based motivation.
• Achievement based motivation.
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POWER DRIVEN MOTIVATION.
• Work for enhancing social prestige.
• Work under external pressure.
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AFFILIATION BASED MOTIVATION.
• To establish and maintain friendly relations.
• Basically done to get things done from relations.
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ACHIEVEMENT BASED MOTIVATION.
• Hard work for getting result.
• Believes on own efforts.
• Done to achieve something unique.
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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.
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THANKS!!