SlideShare ist ein Scribd-Unternehmen logo
1 von 12
ROLE OF
ENTREPRENEURS IN
SOCIETY
SUBMITTED TO:
DR. RAMANPREET
WALIA
SUBMITTED BY:
KHUSHBOO
M.PHARM (DRA) 3RD SEM
A10651916010
CONTENTS
▸Definition of entrepreneur
▸Characters of entrepreneur
▸Role of entrepreneur in Society
▸Role of entrepreneur in developing country
▸India’s top 10 entrepreneur
DEFINATION OF ENTREPRENEUR:
Someone who exercises initiative by organizing a venture
to take benefit of an opportunity and, as the decision
maker, decides what, how, and how much of a good or
service will be produced.
OR
The entrepreneur is usually a sole proprietor, a partner, or
the one who owns the majority of shares in an
incorporated venture.
Characters of Entrepreneur:
Passion and motivation
Risk taking
Self-belief, Hard work & Disciplined Dedication
Adaptability & Flexibility
Understand Your Offering – And Its Market
Money Management
Planning (But not Over-planning)
Being Prepared to Take the Exit
Entrepreneurs Doubt Themselves – But Not Too Much
ROLE
OF
ENTREPRENEUR
IN
SOCIETY:
Entrepreneurs occupy a central position in a market economy.
For it's the entrepreneurs who serve as the spark plug in the
economy's engine, activating and stimulating all economic
activity. The economic success of nations worldwide is the
result of encouraging and rewarding the entrepreneurial
instinct.
It's entrepreneurial energy, creativity and motivation that
trigger the production and sale of new products and services. It
is the entrepreneur who undertakes the risk of the enterprise in
search of profit and who seeks opportunities to profit by
satisfying as yet unsatisfied needs.
More than any other member of our society,
entrepreneurs are unique because they're capable of
bringing together the money, raw materials, manufacturing
facilities, skilled labor and land or buildings required to
produce a product or service. And they're capable of
arranging the marketing, sales and distribution of that
product or service.
Entrepreneurs are optimistic and future oriented; they
believe that success is possible and are willing to risk their
resources in the pursuit of profit.
They're fast moving, willing to try many different
strategies to achieve their goals of profits. And they're
flexible, willing to change quickly when they get new
information.
Roles
of
An
Entrepreneur
in
Developing
Country
Determine objective
Development of the organization
Securing resources
Arranging technology and equipment
Developments of new market
Good relation between public authorities and market
Management of human relations
Financial management
Production management
INDIA’S TOP 10 ENTREPRENEUR:
1. Dhirubhai Ambani (1932-2002):
He started out humbly by selling traditional snacks to religious pilgrims. His business soon
grew, and he expanded and diversified, eventually building India's largest private
company, Reliance Industries. Reliance has interests in telecommunications, power
generation, information technology, consumer goods and logistics. Ambani's sons now running
Reliance.
2. Jehangir Ratanji Dadabhoy Tata, or JRD Tata (1904-1933):
He was born in Paris to Indian and French parents. He was trained as an aviator in Europe
and later became India's first commercial airline pilot. Working for the family business, TATA
group, he set out on his own and built TATA airlines, which ultimately became the modern Air
India. By the time of his death, TATA owned nearly 100 different businesses across many
industries.
▸3. Nagavara Ramarao Narayana Murthy,(68):
Co-founded Indian IT giant Infosys with an initial investment of 10,000 rupees, or just
a few hundred dollars in today's money. He is often referred to as the father of the
Indian IT industry, serving as CEO of Infosys from 1981 until 2002, and then its
chairman until 2011. Infosys currently has a market capitalization of around $40
billion.
▸4. Azim Premji, (69):
He is worth an estimated $15.3 billion and is the chairman of Wipro Industries, a
diversified software and technology company that many have compared to Microsoft.
Premji is sometimes referred to as India's Bill Gates as a result.
▸5. Lakshmi Niwas Mittal, (64):
She began his career working for his father's steel business. He later set out on his own due to
family infighting and created what is now one of the largest steel makers in the
world, ArcelorMittal which has a market capitalization of $16 billion. Mittal himself is worth nearly
$17 billion.
6. Ghanshyam Das Birla (1894-1983):
He started his first company in the early 1900s operating a cotton and textile mill. By 1919 Birla's
businesses also included significant paper and sugar production. By the time he died, Birla Group
was a multi-sector global conglomerate. His son Kumar Birla now runs the company and
commands a net worth of $7 billion.
7. Dilip Shanghvi, (59):
He started Sun Pharmaceuticals in 1982 with a meager 10,000 rupee investment. Today, that
investment has grown to a value of nearly 2 trillion rupees, making Sun India's largest
pharmaceutical company. Today, Shanghvi has a net worth of around $12.8 billion.
8. Mukesh "Micky" Jagtiani, (62):
He is an Indian businessman who has spent most of his life outside of India. He was
educated in Mumbai and Beirut, eventually settling in London. While in London, he dropped
out of college and began driving a taxi before starting his first company which eventually
grew into the retail and real estate giant Landmark, now based out of Dubai. Landmark has
expanded into e-commerce, creating India's version of Amazon.
9. Shiv Nadar, (69):
He founded HCL Infosystems in 1976 with an investment of a few thousand dollars, selling
calculators and microcomputers. HCL soon expanded to Singapore and the far east,
generating over 1 million rupees in sales not long after its expansion. HCL has continued to
grow making Nadar a billionaire worth over $11 billion.
10. Ardeshir Godrej (1868-1936):
He co-founded the Godrej Group, a diversified conglomerate with interests in real estate,
consumer products, security, household appliances, and industrial tools. The company had
modest beginnings — Adreshir and his brother succeeded at lock smithing after failed
ventures into hand fashioned medical devices. Godrej Group was founded with a 3,000-
rupee investment, and the Godrej companies are worth over half a trillion rupees today.
Thanks!

Weitere ähnliche Inhalte

Was ist angesagt?

Traits of an entrepreneur
Traits of an entrepreneurTraits of an entrepreneur
Traits of an entrepreneurahmed Khan
 
Entrepreneurship development
Entrepreneurship developmentEntrepreneurship development
Entrepreneurship developmentAvinash Appi
 
Entrepreneurship (Introduction to Entrepreneurship)
Entrepreneurship (Introduction to Entrepreneurship)Entrepreneurship (Introduction to Entrepreneurship)
Entrepreneurship (Introduction to Entrepreneurship)Reshma Ramesh
 
Characteristics of an entrepreneur
Characteristics of an entrepreneurCharacteristics of an entrepreneur
Characteristics of an entrepreneurBrien Naco
 
Entrepreneurship (sources of funding)
Entrepreneurship (sources of funding)Entrepreneurship (sources of funding)
Entrepreneurship (sources of funding)Shamika Naik
 
Entrepreneurship and project management
Entrepreneurship and project managementEntrepreneurship and project management
Entrepreneurship and project managementchumantrakali
 
Entrepreneurship management
Entrepreneurship managementEntrepreneurship management
Entrepreneurship managementbasitnazir
 
Enterpreneur & manager
Enterpreneur & managerEnterpreneur & manager
Enterpreneur & managerMaha Dhanush
 
Role of entrepreneurship in the economic development
Role of entrepreneurship in the economic developmentRole of entrepreneurship in the economic development
Role of entrepreneurship in the economic developmentHarshita Bansal
 
What is an Intrapreneur?
What is an Intrapreneur? What is an Intrapreneur?
What is an Intrapreneur? Vocoli
 
creativity and innovation in entrepreneurship
creativity and innovation in entrepreneurshipcreativity and innovation in entrepreneurship
creativity and innovation in entrepreneurshipshrinivas kulkarni
 
Determinants of Entrepreneurship B.com final year
Determinants of Entrepreneurship B.com final year Determinants of Entrepreneurship B.com final year
Determinants of Entrepreneurship B.com final year Dr. Toran Lal Verma
 
Financing your new venture
Financing your new ventureFinancing your new venture
Financing your new ventureuottawaehub
 
Business ethics(presentation)
Business ethics(presentation)Business ethics(presentation)
Business ethics(presentation)Farwakhizar
 
Evolution of entrepreneurship in india
Evolution of entrepreneurship in indiaEvolution of entrepreneurship in india
Evolution of entrepreneurship in indiaMohan Mourya
 

Was ist angesagt? (20)

Traits of an entrepreneur
Traits of an entrepreneurTraits of an entrepreneur
Traits of an entrepreneur
 
Entrepreneurship development
Entrepreneurship developmentEntrepreneurship development
Entrepreneurship development
 
Entrepreneurship (Introduction to Entrepreneurship)
Entrepreneurship (Introduction to Entrepreneurship)Entrepreneurship (Introduction to Entrepreneurship)
Entrepreneurship (Introduction to Entrepreneurship)
 
Characteristics of an entrepreneur
Characteristics of an entrepreneurCharacteristics of an entrepreneur
Characteristics of an entrepreneur
 
Entrepreneurship (sources of funding)
Entrepreneurship (sources of funding)Entrepreneurship (sources of funding)
Entrepreneurship (sources of funding)
 
Entrepreneurship and project management
Entrepreneurship and project managementEntrepreneurship and project management
Entrepreneurship and project management
 
Entrepreneurship management
Entrepreneurship managementEntrepreneurship management
Entrepreneurship management
 
Enterpreneur & manager
Enterpreneur & managerEnterpreneur & manager
Enterpreneur & manager
 
Role of entrepreneurship in the economic development
Role of entrepreneurship in the economic developmentRole of entrepreneurship in the economic development
Role of entrepreneurship in the economic development
 
What is an Intrapreneur?
What is an Intrapreneur? What is an Intrapreneur?
What is an Intrapreneur?
 
Social entrepreneurship
Social entrepreneurshipSocial entrepreneurship
Social entrepreneurship
 
creativity and innovation in entrepreneurship
creativity and innovation in entrepreneurshipcreativity and innovation in entrepreneurship
creativity and innovation in entrepreneurship
 
Determinants of Entrepreneurship B.com final year
Determinants of Entrepreneurship B.com final year Determinants of Entrepreneurship B.com final year
Determinants of Entrepreneurship B.com final year
 
21516826 entrepreneurship-notes
21516826 entrepreneurship-notes21516826 entrepreneurship-notes
21516826 entrepreneurship-notes
 
2
22
2
 
Financing your new venture
Financing your new ventureFinancing your new venture
Financing your new venture
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
 
ppt on Entrepreneur
ppt on Entrepreneur ppt on Entrepreneur
ppt on Entrepreneur
 
Business ethics(presentation)
Business ethics(presentation)Business ethics(presentation)
Business ethics(presentation)
 
Evolution of entrepreneurship in india
Evolution of entrepreneurship in indiaEvolution of entrepreneurship in india
Evolution of entrepreneurship in india
 

Ähnlich wie Role of entreprenuers in society

Relince communication
Relince communicationRelince communication
Relince communicationAnkur Yadav
 
Successful businessman
Successful businessmanSuccessful businessman
Successful businessmanZakira Asma
 
Successful businessman
Successful businessmanSuccessful businessman
Successful businessmanZakira Asma
 
20 successful business leaders
20 successful business leaders20 successful business leaders
20 successful business leadersPranavJayashankar1
 
first generation entrepreneurs in india
first generation entrepreneurs in indiafirst generation entrepreneurs in india
first generation entrepreneurs in indiapavankumarrkakaraddi
 
Management in textile industries (arvind mills ltd)
Management in textile industries (arvind mills ltd)Management in textile industries (arvind mills ltd)
Management in textile industries (arvind mills ltd)Dharmik
 
MNCs in India & Criticism
MNCs in India & CriticismMNCs in India & Criticism
MNCs in India & CriticismVAIRAKUMAR R
 
Top 20 Entrpreneurs in India
Top 20 Entrpreneurs in IndiaTop 20 Entrpreneurs in India
Top 20 Entrpreneurs in IndiaSandra4Smiley
 
MTV banned ad..please see it.
MTV banned ad..please see it.MTV banned ad..please see it.
MTV banned ad..please see it.Satya ...
 
best penny stock.pdf
best penny stock.pdfbest penny stock.pdf
best penny stock.pdfnoida
 
best penny stock
best penny stockbest penny stock
best penny stocknoida
 
Fobex list of Indias 40 Richest
Fobex list of Indias 40 RichestFobex list of Indias 40 Richest
Fobex list of Indias 40 RichestNaushad Ebrahim
 
Top MNC Companies In India _ Top 10 MNC in India _ Business2business.pptx
Top MNC Companies In India _ Top 10 MNC in India _ Business2business.pptxTop MNC Companies In India _ Top 10 MNC in India _ Business2business.pptx
Top MNC Companies In India _ Top 10 MNC in India _ Business2business.pptxBusiness2 business
 

Ähnlich wie Role of entreprenuers in society (20)

Relince communication
Relince communicationRelince communication
Relince communication
 
Successful businessman
Successful businessmanSuccessful businessman
Successful businessman
 
Successful businessman
Successful businessmanSuccessful businessman
Successful businessman
 
20 successful business leaders
20 successful business leaders20 successful business leaders
20 successful business leaders
 
Entrepreneurship
Entrepreneurship  Entrepreneurship
Entrepreneurship
 
Top Entrpreneurs
Top EntrpreneursTop Entrpreneurs
Top Entrpreneurs
 
first generation entrepreneurs in india
first generation entrepreneurs in indiafirst generation entrepreneurs in india
first generation entrepreneurs in india
 
Management in textile industries (arvind mills ltd)
Management in textile industries (arvind mills ltd)Management in textile industries (arvind mills ltd)
Management in textile industries (arvind mills ltd)
 
MNCs in India & Criticism
MNCs in India & CriticismMNCs in India & Criticism
MNCs in India & Criticism
 
Me 1 Entrepreneure
Me 1 EntrepreneureMe 1 Entrepreneure
Me 1 Entrepreneure
 
Top 20 Entrpreneurs in India
Top 20 Entrpreneurs in IndiaTop 20 Entrpreneurs in India
Top 20 Entrpreneurs in India
 
MTV banned ad..please see it.
MTV banned ad..please see it.MTV banned ad..please see it.
MTV banned ad..please see it.
 
best penny stock.pdf
best penny stock.pdfbest penny stock.pdf
best penny stock.pdf
 
best penny stock
best penny stockbest penny stock
best penny stock
 
Retail Strategy
Retail StrategyRetail Strategy
Retail Strategy
 
CSR OF ITC (PPT).pptx
CSR OF ITC (PPT).pptxCSR OF ITC (PPT).pptx
CSR OF ITC (PPT).pptx
 
Fobex list of Indias 40 Richest
Fobex list of Indias 40 RichestFobex list of Indias 40 Richest
Fobex list of Indias 40 Richest
 
Indias 40 richest_1
Indias 40 richest_1Indias 40 richest_1
Indias 40 richest_1
 
Ambani
AmbaniAmbani
Ambani
 
Top MNC Companies In India _ Top 10 MNC in India _ Business2business.pptx
Top MNC Companies In India _ Top 10 MNC in India _ Business2business.pptxTop MNC Companies In India _ Top 10 MNC in India _ Business2business.pptx
Top MNC Companies In India _ Top 10 MNC in India _ Business2business.pptx
 

Kürzlich hochgeladen

Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceTirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDamini Dixit
 
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceSangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDamini Dixit
 
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceSohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceDamini Dixit
 
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...StartupSprouts.in
 
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceBangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDamini Dixit
 
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceLucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDamini Dixit
 
Call girls in Andheri with phone number 9892124323
Call girls in Andheri with phone number 9892124323Call girls in Andheri with phone number 9892124323
Call girls in Andheri with phone number 9892124323Pooja Nehwal
 
Famedesired Project portfolio1 . Fullsail
Famedesired Project portfolio1 . FullsailFamedesired Project portfolio1 . Fullsail
Famedesired Project portfolio1 . Fullsailfergusonamani
 
Hyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Hyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceHyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Hyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDamini Dixit
 
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDamini Dixit
 
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.inEV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.inStartupSprouts.in
 
Dàni Velvet Personal Brand Exploration (1).pptx
Dàni Velvet Personal Brand Exploration (1).pptxDàni Velvet Personal Brand Exploration (1).pptx
Dàni Velvet Personal Brand Exploration (1).pptxdmtillman
 

Kürzlich hochgeladen (12)

Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceTirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Tirupati Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceSangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Sangareddy Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort ServiceSohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
Sohna Call Girls Service ☎ ️93326-06886 ❤️‍🔥 Enjoy 24/7 Escort Service
 
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
Shareholders Agreement Template for Compulsorily Convertible Debt Funding- St...
 
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceBangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Bangalore Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceLucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Lucknow Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Call girls in Andheri with phone number 9892124323
Call girls in Andheri with phone number 9892124323Call girls in Andheri with phone number 9892124323
Call girls in Andheri with phone number 9892124323
 
Famedesired Project portfolio1 . Fullsail
Famedesired Project portfolio1 . FullsailFamedesired Project portfolio1 . Fullsail
Famedesired Project portfolio1 . Fullsail
 
Hyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Hyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceHyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Hyderabad Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort ServiceDehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
Dehradun Call Girls Service ☎ ️82500–77686 ☎️ Enjoy 24/7 Escort Service
 
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.inEV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
EV Electric Vehicle Startup Pitch Deck- StartupSprouts.in
 
Dàni Velvet Personal Brand Exploration (1).pptx
Dàni Velvet Personal Brand Exploration (1).pptxDàni Velvet Personal Brand Exploration (1).pptx
Dàni Velvet Personal Brand Exploration (1).pptx
 

Role of entreprenuers in society

  • 1. ROLE OF ENTREPRENEURS IN SOCIETY SUBMITTED TO: DR. RAMANPREET WALIA SUBMITTED BY: KHUSHBOO M.PHARM (DRA) 3RD SEM A10651916010
  • 2. CONTENTS ▸Definition of entrepreneur ▸Characters of entrepreneur ▸Role of entrepreneur in Society ▸Role of entrepreneur in developing country ▸India’s top 10 entrepreneur
  • 3. DEFINATION OF ENTREPRENEUR: Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. OR The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture.
  • 4. Characters of Entrepreneur: Passion and motivation Risk taking Self-belief, Hard work & Disciplined Dedication Adaptability & Flexibility Understand Your Offering – And Its Market Money Management Planning (But not Over-planning) Being Prepared to Take the Exit Entrepreneurs Doubt Themselves – But Not Too Much
  • 5. ROLE OF ENTREPRENEUR IN SOCIETY: Entrepreneurs occupy a central position in a market economy. For it's the entrepreneurs who serve as the spark plug in the economy's engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct. It's entrepreneurial energy, creativity and motivation that trigger the production and sale of new products and services. It is the entrepreneur who undertakes the risk of the enterprise in search of profit and who seeks opportunities to profit by satisfying as yet unsatisfied needs.
  • 6. More than any other member of our society, entrepreneurs are unique because they're capable of bringing together the money, raw materials, manufacturing facilities, skilled labor and land or buildings required to produce a product or service. And they're capable of arranging the marketing, sales and distribution of that product or service. Entrepreneurs are optimistic and future oriented; they believe that success is possible and are willing to risk their resources in the pursuit of profit. They're fast moving, willing to try many different strategies to achieve their goals of profits. And they're flexible, willing to change quickly when they get new information.
  • 7. Roles of An Entrepreneur in Developing Country Determine objective Development of the organization Securing resources Arranging technology and equipment Developments of new market Good relation between public authorities and market Management of human relations Financial management Production management
  • 8. INDIA’S TOP 10 ENTREPRENEUR: 1. Dhirubhai Ambani (1932-2002): He started out humbly by selling traditional snacks to religious pilgrims. His business soon grew, and he expanded and diversified, eventually building India's largest private company, Reliance Industries. Reliance has interests in telecommunications, power generation, information technology, consumer goods and logistics. Ambani's sons now running Reliance. 2. Jehangir Ratanji Dadabhoy Tata, or JRD Tata (1904-1933): He was born in Paris to Indian and French parents. He was trained as an aviator in Europe and later became India's first commercial airline pilot. Working for the family business, TATA group, he set out on his own and built TATA airlines, which ultimately became the modern Air India. By the time of his death, TATA owned nearly 100 different businesses across many industries.
  • 9. ▸3. Nagavara Ramarao Narayana Murthy,(68): Co-founded Indian IT giant Infosys with an initial investment of 10,000 rupees, or just a few hundred dollars in today's money. He is often referred to as the father of the Indian IT industry, serving as CEO of Infosys from 1981 until 2002, and then its chairman until 2011. Infosys currently has a market capitalization of around $40 billion. ▸4. Azim Premji, (69): He is worth an estimated $15.3 billion and is the chairman of Wipro Industries, a diversified software and technology company that many have compared to Microsoft. Premji is sometimes referred to as India's Bill Gates as a result.
  • 10. ▸5. Lakshmi Niwas Mittal, (64): She began his career working for his father's steel business. He later set out on his own due to family infighting and created what is now one of the largest steel makers in the world, ArcelorMittal which has a market capitalization of $16 billion. Mittal himself is worth nearly $17 billion. 6. Ghanshyam Das Birla (1894-1983): He started his first company in the early 1900s operating a cotton and textile mill. By 1919 Birla's businesses also included significant paper and sugar production. By the time he died, Birla Group was a multi-sector global conglomerate. His son Kumar Birla now runs the company and commands a net worth of $7 billion. 7. Dilip Shanghvi, (59): He started Sun Pharmaceuticals in 1982 with a meager 10,000 rupee investment. Today, that investment has grown to a value of nearly 2 trillion rupees, making Sun India's largest pharmaceutical company. Today, Shanghvi has a net worth of around $12.8 billion.
  • 11. 8. Mukesh "Micky" Jagtiani, (62): He is an Indian businessman who has spent most of his life outside of India. He was educated in Mumbai and Beirut, eventually settling in London. While in London, he dropped out of college and began driving a taxi before starting his first company which eventually grew into the retail and real estate giant Landmark, now based out of Dubai. Landmark has expanded into e-commerce, creating India's version of Amazon. 9. Shiv Nadar, (69): He founded HCL Infosystems in 1976 with an investment of a few thousand dollars, selling calculators and microcomputers. HCL soon expanded to Singapore and the far east, generating over 1 million rupees in sales not long after its expansion. HCL has continued to grow making Nadar a billionaire worth over $11 billion. 10. Ardeshir Godrej (1868-1936): He co-founded the Godrej Group, a diversified conglomerate with interests in real estate, consumer products, security, household appliances, and industrial tools. The company had modest beginnings — Adreshir and his brother succeeded at lock smithing after failed ventures into hand fashioned medical devices. Godrej Group was founded with a 3,000- rupee investment, and the Godrej companies are worth over half a trillion rupees today.