The presentation covers the topic - (a)Entrepreneurship (b)Entrepreneur, characteristics of entrepreneur, type of entrepreneur (c)The role of an entrepreneur in an economy in a very simple & brief way. To watch this presentation in video format:https://www.youtube.com/watch?v=FHmk0QQAXvI The presentation is for education purpose only and the matter taken for making presentation was from various books, modules and internet for completing class assignment.

1. Entrepreneurship
Made by:vijay Dewani
I.C.M.T. KOTA

2. Entrepreneurship
• The term ‘entrepreneurship’ typically means
to undertake.
• Entrepreneurship : entrepreneurship is the
tendency of a person to organize the business
of his own and to run it profitably , using all
the qualities of leadership , decision making ,
managerial caliber etc. .

3. Entrepreneurship
• Definition of entrepreneurship :
“entrepreneurship is the form of social
decision making which is performed by
economic innovators”
Robert K. Lamb

4. Entrepreneurship
• Features of entrepreneurship :
• Economic activity.
• Innovative activity.
• A function of high achievement .
• Creative and purposeful activity.
• A function of risk bearing.

5. Entrepreneur

6. Entrepreneur
• The term entrepreneur is derived from French
verb “entreprendre” which means “to
undertake” .
• Entrepreneur :The term entrepreneur is
a loanword from French, and is commonly
used to describe an individual who organizes
and operates a business or businesses, taking
on financial risk to do so.

7. Entrepreneur
• Definition of entrepreneur : Adam smith
described an entrepreneur as a person who
only provides capital , without taking active
part in the leading role in enterprise.

8. Entrepreneur
• Characteristics of entrepreneur :
• Disciplined.
• Confidence.
• Self Starter.
• Creativity.
• Strong work ethic.
• Risk taking ability.
• Competitive.

9. Entrepreneur
• Types on entrepreneurs :
• Innovating entrepreneurs.
• Adoptive or imitative entrepreneurs.
• Fabian entrepreneurs.
• Drone entrepreneurs.

10. Entrepreneur
• Innovating entrepreneurs :persons of this
type are generally aggressive in
experimentation and cleverly put attractive
possibilities into practice.
• Innovative entrepreneurs are commonly found
in developed countries.

11. Entrepreneur
• Adoptive or imitative entrepreneurs : this
kind of entrepreneurs are ready to adopt
successful innovations created by innovation
entrepreneurs.
• Such entrepreneurs are mostly found in under
developed countries.

12. Entrepreneur
• Fabian entrepreneurs : entrepreneurs of this type
are very cautious and skeptical while practicing
any change.
• They have neither will to introduce new changes
nor the desire to adopt new methods innovated
by most enterprising entrepreneurs.
• Such entrepreneurs are shy and lazy.

13. Entrepreneur
• Drone entrepreneurs : drone entrepreneurship
is characterized by a refusal to adopt and use
opportunities to make changes in production.
• They are laggards as they continue to operate in
traditional way and resist changes.
• They are conventional in the sense that they stick
to conventional products and ideas.

14. The role of entrepreneurship in
economic development
• Entrepreneurship is the spirit of person. It is a
quality which may be inherent or developed .
for the economic development of a country ,
entrepreneurial skill needs to be developed.
entrepreneurship plays a very important role
in terms of :
Generation of employment opportunities.
Ensuring balanced economic development.