lecture 01 sabir
TRANSCRIPT
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ENTREPRENEURSHIPLecture No: 1
BYSabir Malik
ENTREPRENEURSHIPLecture No: 1
BYSabir Malik
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Nature And
Development OfEntrepreneurship
Nature And
Development OfEntrepreneurship
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The Nature and Development
of Entrepreneurship
The word entrepreneur stems from French,means between-taker or go between.
Our definition involves four aspects:
1. The creation process.
2. The devotion of time and effort.
3. The assumption of risk.4. Rewards of independence, satisfaction,
money.
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Entrepreneurship is the process of creatingsomething new with value by devoting the
necessary time and effort, assuming the
accompanying financial, psychic, and social
risks, and receiving the resulting rewards of
monetary and personal satisfaction and
independence.
Entrepreneurship is the process of creatingsomething new with value by devoting the
necessary time and effort, assuming the
accompanying financial, psychic, and social
risks, and receiving the resulting rewards of
monetary and personal satisfaction and
independence.
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Earliest PeriodEarliest Period
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Middle Age &
Entrepreneurship
Middle Age &
Entrepreneurship
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17th Century17th Century
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19th And 20th Centuries19th And 20th Centuries
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Definition OfEntrepreneur TodayDefinition OfEntrepreneur Today
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The Entrepreneurial
Decision Process
The Entrepreneurial
Decision Process
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Entrepreneurial Decision Process
refers to the decision to leave a
present career or lifestyle (to
pursue that big idea) due to:
Unpleasant work environment Disruption
Completion of educational degree.
How will the completion of your educational
program influence your entrepreneurial
decision process? Got any big ideas?
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Types Of Start-upsTypes Of Start-ups
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There are 3 types of startup ventures:
1.A lifestyle firm exists primarily to supportthe owners and usually has little growthopportunity.
2.Foundation companies are firms created
from research anddevelopment that lay thefoundation for a new industry.
3.High powered ventures
(gazelles) are new companiesthat receive the greatest interestand publicity.
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Role Of
Entrepreneurship InEconomic Development
Role Of
Entrepreneurship InEconomic Development
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Product-evolutionProcessProduct-evolutionProcess
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Government As AnInnovator
Government As AnInnovator
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IntrapreneurshipIntrapreneurship
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EntrepreneurshipEntrepreneurship
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Entrepreneurial Careers
And Education
Entrepreneurial Careers
And Education
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The future of entrepreneurship is
assured.
Most U.S. Universities are
offering courses.
Societal support is strong.
Intrapreneurship
(entrepreneurship within
an existing company)
helps large companiesrespond to hyper-
competition.
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Types of skills required
in Entrepreneurship
Types of skills required
in Entrepreneurship
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Types of Skills Required in EshipTypes of Skills Required in EshipTechnical Business
Management
Personal
Writing Planning Inner Control
OralCommunication
DecisionMaking
Risk Taking
Monitoring the
Environment
Human
Relations
Innovative
Using
Technology
Marketing
(Selling)
Change-
oriented
visionary
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Ethics And Social
Responsibility OfEntrepreneurs
Ethics And Social
Responsibility OfEntrepreneurs
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The Future OfEntrepreneurshipThe Future OfEntrepreneurship
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Types Of Start-upsTypes Of Start-ups
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There are 3 types of startup ventures:
1.A lifestyle firm exists primarily to supportthe owners and usually has little growthopportunity.
2.Foundation companies are firms created
from research anddevelopment that lay thefoundation for a new industry.
3.High powered ventures
(gazelles) are new companiesthat receive the greatest interestand publicity.
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Role Of
Entrepreneurship InEconomic Development
Role Of
Entrepreneurship InEconomic Development
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Product-evolutionProcessProduct-evolutionProcess
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Government As AnInnovator
Government As AnInnovator
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IntrapreneurshipIntrapreneurship
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EntrepreneurshipEntrepreneurship
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Entrepreneurial Careers
And Education
Entrepreneurial Careers
And Education
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The future of entrepreneurship is
assured.
Most U.S. Universities are
offering courses.
Societal support is strong.
Intrapreneurship
(entrepreneurship within
an existing company)
helps large companiesrespond to hyper-
competition.
-
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Types of skills required
in Entrepreneurship
Types of skills required
in Entrepreneurship
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Types of Skills Required in EshipTypes of Skills Required in EshipTechnical Business
Management
Personal
Writing Planning Inner Control
OralCommunication
DecisionMaking
Risk Taking
Monitoring the
Environment
Human
Relations
Innovative
Using
Technology
Marketing
(Selling)
Change-
oriented
visionary
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Ethics And Social
Responsibility OfEntrepreneurs
Ethics And Social
Responsibility OfEntrepreneurs
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The Future OfEntrepreneurshipThe Future OfEntrepreneurship