Learn about Entrepreneurship

1. ENTREPRENEURSHIP
DEVELOPMENT
Tripti Tiwari
Microsoft Student Partner (MSP)

2. WHO IS AN
ENTREPRENEUR?
• An entrepreneur is a person who starts
an enterprise. He searches for change
and responds to it.

3. DEFINITIONS BY FAMOUS
ECONOMIST AND AUTHORS
• Richard Cantillon defines entrepreneur as, “An
entrepreneur is a person who pays a certain price for a
product to resell it at an uncertain price, thereby
making decisions about obtaining and using the
resources while consequently admitting the risk of
enterprise.
• Shapiro defined entrepreneur as, “Entrepreneurs take
initiative, accept risk of failure and have an internal
locus of control.”

4. CHARACTERISTICS OF
ENTREPRENEUR
• Risk bearer.
• Innovative.
• Forecasts uncertainties.
• Creative activity.
• Business oriented.
• Result oriented.

5. IMPORTANCE OF
ENTREPRENEURSHIP
• Establishment of viable units.
• Develop entrepreneurial tendencies.
• To promote innovations.
• Optimum utilization of resources.
• Increase employment opportunities.
• Balance economic development.
• Rapid economic development.
• Social satisfaction.
• Promote capital formation.
• Contribute towards Govt. policy execution.

6. CONTD…..
• Means of social change.
• Minimize Socio-economic problem.
• Establish self sufficient economy.

7. TYPES OF
ENTREPRENEURS.
• On the basis of ownership.
• On the basis of attitude.
• On the basis of centralization.
• On the basis of size.
• On the basis of entrepreneurial function.
• On the basis of leadership.
• Urban and Rural entrepreneurship.

8. ON THE BASIS OF
LEADERSHIP.
• Individualistic entrepreneurship.
• Group entrepreneurship.

9. ON THE BASIS OF
OWNERSHIP.
• Private entrepreneurship.
• Public entrepreneurship.
• Joint entrepreneurship.
• Co-operative entrepreneurship.

10. ON THE BASIS OF ATTITUDE.
• Traditional entrepreneurship.
• Modern/revolutionary entrepreneurship.

11. ON THE BASIS OF
CENTRALIZATION.
• Centralized entrepreneurship.
• Decentralized entrepreneurship.

12. ON THE BASIS OF SIZE
• Large entrepreneurship.
• Small entrepreneurship.

13. ON THE BASIS OF
ENTREPRENEURIAL
FUNCTION• Routine entrepreneurship.
• New type entrepreneurship.

14. OTHER TYPE OF
ENTREPRENEURSHIP
• Urban entrepreneurship.
• Rural entrepreneurship.
• Systematic entrepreneurship.

15. MOTIVATION
• Derived from word motive.
• An impulse that drives person into action.
• Process of encouragement to derive desired results.

16. CHARACTERISTICS FOR
MOTIVATION.
• It is an complex phenomena.
• Gives birth to common behavior.
• Differs from people to people.
• Common motivation produces common results.
• It is a managerial characteristics.
• It is a psychological process.
• It comes from different sources.
• It is a continuous process.

17. SOURCES OF
MOTIVATION
• Power driven motivation.
• Affiliation based motivation.
• Achievement based motivation.

18. POWER DRIVEN
MOTIVATION.
• Work for enhancing social prestige.
• Work under external pressure.

19. AFFILIATION BASED
MOTIVATION.
• To establish and maintain friendly relations.
• Basically done to get things done from relations.

20. ACHIEVEMENT BASED
MOTIVATION.
• Hard work for getting result.
• Believes on own efforts.
• Done to achieve something unique.

21. MOTIVATIONAL
FACTORS FOR
ENTREPRENEURSHIP
• Desire to achieve.
• Desire for innovation.
• Ambition to earn wealth.
• To start independent profession.
• To get social recognition.
• Social service.
• Self satisfaction and development.
• Satisfaction from creativity and production activity.

22. THANKS!!