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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

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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.