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WHO IS AN ENTREPRENEUR ?
Refers to one who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
Entrepreneurs see problems as opportunities, then take action to identify the solutions to those problems
WHAT IS ENTREPRENEURSHIP ?
Entrepreneurship is a process through which individuals identify opportunities, allocate resources, and create value.
Creation of value is often through the identification of unmet needs or through the identification of opportunities for change.
Entrepreneurial success is simply a function of the ability of an entrepreneur to see these opportunities in the marketplace, initiate change (or take advantage of change) and create value through solutions.
CHARACTERISTICS
BENEFITS OF ENTREPRENEURSHIP
Developing personal relationships Responding flexibly to problems and challenges Inventiveness and innovation Low overheads
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IMPORTANCE OF ENTREPRENEURSHIP
Entrepreneurs are responsible for all economic activity outside of government: innovating, pricing, employing resources, labour, and capital goods, raising financial capital and organizing production.
2. EMPLOYMENT GENERATION
It has been estimated that entrepreneurs have created 34 million new jobs since 1980.
3. NATIONAL INCOME
The growth in National Income of countries is often due to new product development and innovation.
The growth of Industry and business leads to a lot of Public benefits like transport facilities, health, education, entertainment.
satisfaction.
An entrepreneur is someone who specializes in taking judgmental decisions about the coordination of scarce resources
Existing firms that are not driven out are forced to innovate and become more productive in order to compete
PRODUCTIVITY
Resource Productivity
INNOVATION
To renew or Change
Ex. veggibazzar.com
It started mainly to cater the needs of software professionals and elderly persons
It started in July09 in Chennai and now it is having a customer base of 9000 and 4000 regular customer.
CONCLUSION
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