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In
March 2009, the parents of IIT Delhi alumnus Deepinder Goyal, 29, were perplexed to see their son working from home. After a few days, they began to worry. Their "worst fears" were confirmed when Goyal disclosed that he had quit his cushy job at consulting firm Bain & Co to set up a foodie websiteFoodiebay.com. His parents were worried and advised Goyal to return to a "job." But the company he founded, now called Zomato.com, received $2.3 million (about Rs 12.3 crore) in funding in 2011, broke even with estimated revenue of more than Rs 3.5 crore in 2012, and has even expanded to west Asia and Europe. "They are extremely happy and proud now," says Go
The
R Gopalakrishnan, director, Tata Sons. Gopalkrishnan said, the true intrapreneur is the one who finds out exact solution of any given problem and Intrapreneurship always happens when ambition is greater than resources. While speaking about this, he also mentioned some of the best relevant examples. He said that Praj Industries should present more and more such awards through their innovative initiatives which will motivate individuals on a large scale.
Course content
Dynamics of entrepreneurship: Commitment & determination: Leadership Dynamics of entrepreneurship: Opportunity obsession: Tolerance of risk Dynamics of entrepreneurship :Ambiguity & uncertainty; Creativity , self-reliance and ability to adapt
Cont..
Dynamics of entrepreneurship-Support from significant others ;motivation to excel Intrapreneurship and Entrepreneurship Entrepreneurship project Method for generating ideas Creative problem solving techniques Lateral thinking Analytical skills
Course Outline
1.
Internal Marks:40 marks assingment-20marks Individual assingment-10 marks Attendance-10marks Date of submission:31 march2012 End term exam:60 marks
Group
1.
Entrepreneurship
An economist defines an entrepreneur as one who brings resources, labour ,material and other assets into combinations that make value greater than before and also one who introduces changes , innovations and new order. A psychologist defines an entrepreneur as a person who is typically driven by some forces , which creates a desire to obtain or attain something.
Cont
A sociologist defines entrepreneur as a person whose actions would determines his social status and who contributes to the development of the society. Management experts define entrepreneur as a person who has vision and generates an action plan to achieve it. Entrepreneur is an individual who takes risks and starts something new.
According to schumpeter innovation is not same as invention , it can be any of the following: The introduction of a new product Adoption of new technology Opening up of a new market Finding of new source of supply Bringing about new organization of an industry.
Entrepreuner organization
According to Frederick Harbison an organization which comprises all the people required to perform the entrepreneurial function like: Managing risk and handling of economic uncertainty Planning and innovation Coordination,administration and control Routine supervision
Cont.
Peter Drucker defines an entrepreneur as one who always search for change ,responds to it ,and exploits it as an opportunity. Max Weber defined entrepreneur innovation as an outcome of thoroughgoing rationalizing of every aspect of his enterprise. According to David McClelland ,entrepreneur are high on need for achievement(nAch).
CONT..
Le Vines shifts the emphasis from prevalent values to the social structure for need for achievement. Thomas Cochran considers entrepreneurship to represent a model personality which is a consequence of prevalent cultural values , role expectation and social sanctions. John Kunkel consider both behavioral and structural approach to entrepreneurship.
Characteristics of an entrepreneur
Vision
Knowledge Desire to succeed Independence Optimism Value addition Leadership Hardworking Risk taking ability
Characteristics of an entrepreneurship
Commitment and determination Desire of responsibility Opportunity obsession Tolerance for risk ,Ambiguity and uncertainty Self- confidence Creativity and flexibility
Cont.
Desire for immediate feedback High level of energy Motivation to excel Orientation to the Future Willingness to learn from Failure Leadership ability
Cont
Technical skills
Writing Oral communication Interpersonal Technology Ability to organize Networking Coaching Guiding
Cont
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Business management skills: and organizing Decision making Controlling Negotiating Human relations Financing Marketing Venture Launch Managing Growth
Planning
Cont
Personal skills: Discipline Risk taking Innovating Change oriented Persistent Visionary leader