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entrepreneurship

Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.

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entrepreneurship

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  1. RMM TECHNOLOGIES (P) LIMITED info@rmmindia.com www.rmmindia.com

  2. Presentation Agenda Key topics for discussion 01 02 03 04 Concept Elements Charactoristics About Enterpernurship 05 06 07 08 Functions Types Importance Conclution

  3. ENTREPRENEURSHIP "Entrepreneurship is the purposeful activity of an individual or a group of associated individuals, undertaken to initiate, maintain or aggrandize profit by production or distribution of economic goods and services" 01

  4. CONCEPT OF ENTREPRENEURSHIP • It refers to a Person • It refers to a Creator • It refers to a Organizer • It refers to a Decision Maker • It refers to a Initiator • It refers to a Leader • It refers to a Motivator • It refers to a Risk Taker 02

  5. ELEMENTS OF ENTREPRENEURSHIP • Pursuit of Opportunities • Innovation • Organization Creation • Creating Values • Profit or Non-for-Profit • Growth • Uniqueness • Process 03

  6. CHARACTERISTICS OF ENTREPRENEURSHIP • Innovation • Risk-Bearing Capacity Creative Decision • Creating & Managing Resources • Managerial Skills & Leadership Gap Filling Function • Business Oriented Tendency Read free for day • Economic Activity • Producing Results • Life Style 04

  7. FUNCTIONS OF ENTREPRENEURS • Perception of market opportunities • Gaining command over scarce resources • Purchasing inputs • Marketing the products • Dealing with bureaucrats • Managing human relations within the firm • Managing customer and supplier relations 05

  8. TYPES OF ENTREPRENEURSHIP Novice Entrepreneur Has no prior business ownership experiences as a business founder, inheritor, or purchaser Habitual Entrepreneur Has prior business ownership experience Nascent Entrepreneur In the process of starting a new business Can be either a novice or a habitual entrepreneur 06

  9. IMPORTANCE OF ENTREPRENEURSHIP • Reduces Poverty Level • Increases Employment • Fulfilsthe the Demand of people • Helps to develop Economic Condition of a country 07

  10. CONCLUTION We learned that most successful entrepreneurs share similar characteristics, such as persuasion, self-confidence, work commitment, efficiency oriented, tolerance for failure, high initiative level, information seeking and problem solving. To succeed in their business venture, they had sacrificed times, money, energy and spirit in the process of entrepreneurship. Becoming a successful entrepreneur is not because of the gift by nature, in fact, it involves various strategies, characteristics and personal quality of person who wants to become a successful entrepreneur. 08

  11. Thank You! For more information contact us here www.rmmindia.com

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