Post on 04-Apr-2018
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Entrepreneurship
management Concept
Meaning and definition
Scope of the subject
Need for Entrepreneurship
development
Qualities of a successful entrepreneur
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Entrepreneurship
management Definition- J B Say coined the term
Entrepreneur
Joseph Schumpeter
Innovation
Peter Drucker- The entrepreneur
always searches for change, responds
to it and exploits it as an opportunities.
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Definition evolved from work done atHarvard Business school
Entrepreneurship is the process of
creating or seizing opportunity and
pursuing it regardless of the resources
currently controlled.
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Entrepreneurship
management Entrepreneurship
Composite skill
mix of qualities and traits
Creative and innovative response to
the environment- social, education,
business, agriculture and many more.
Doing new things or finding a new way
of doing existing process.
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Entrepreneurship
management Bearing risk
Innovation
Response to given situation
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Entrepreneurship
management Scope of the concept
Business
Agriculture
Public administration
Service sector
Social work
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Entrepreneurship
management Need for entrepreneurship
development-
American economy-
Three decades prior to World War- High
tech jobs.
Post World War
Industries,
Government and education
1970 to1984 job creation by small and
medium businesses
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Entrepreneurship
management Kondratieff
Russian economist of
1930s
Collectivization of farming would lead
to fall in production. Kondratieff wave Fifty years of cycle
20 years of expansion and last 20
years of stagnation
7/31/2019 EM Session 1
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Entrepreneurship
management High tech industry did not crate no. ofjobs matching to the number lost by
old industries.
Jobs created in K. stagnation period
were by entrepreneurial economy.
High tech and low tech job creators
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Global Entrepreneurship ManagementReport
High incidence of entrepreneurship
worldwide- HBR Hong kong way
Shunkworks to create pioneers for
building something new. British rules Chartering new cities.
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Deng
Xiaopong - SEZ
Stages of capitalism
Managerial capitalism 1932 1976
Shareholders capitalism 1976
Customer driven capitalism
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Focus on customer values
Customer satisfaction over
shareholders value-
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Entrepreneurship
management Qualities
N. Achievement
High level of motivation
Risk bearing capacity
Perseverance
Self confidence and Self esteem
Excellent leadership
Vision and perception
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Entrepreneurship
management Team building ability
Ethics and values
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Entrepreneurship
management Narayan Murthy
Better India Better
World.