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ENTREPRENEURSHIP MANAGEMENT. Life of an Entrepreneur – Mother Teresa. Introduction. Social entrepreneurship: A social entrepreneur recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change (a social venture).
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ENTREPRENEURSHIP MANAGEMENT Life of an Entrepreneur – Mother Teresa
Introduction Social entrepreneurship: • A social entrepreneur recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change (a social venture). • A social entrepreneur focuses on creating social capital. • Social entrepreneurs are most commonly associated with the voluntary and not-for-profit sectors, but this need not preclude making a profit. • Social entrepreneurship practiced with a world view or international context is called international social entrepreneurship.
Essentials of an Entrepreneur Qualities of an entrepreneur Mother Teresa’s qualities • The first thing any successful entrepreneur requires is a product or service that others need or want, whether they initially realize it or not. • A second thing any successful entrepreneur requires is a well-defined target market, or niche. • Any successful entrepreneur must position himself or herself for success. • Mother Teresa's product was compassion • Mother Teresa discovered her niche the day she unexpectedly found a woman dying in the street, being eaten by rats. • Sister Teresa goes back to Calcutta, a place that can provide a seemingly endless supply of prospective clients in need of her services.
About Mother Teresa • She was born amid an Albanian community in Macedonia as Agnes Gonxha Bojaxhiu on August 26, 1910 • In 1947, she had a vision or call to leave the convent. She left to take basic training in nursing and went to live in the nearby slum. • Her first home was 'Nirmal Hriday' (pure heart) for the sick and the dying, and then ' Shishu Bhavan' for the disabled, orphaned and mentally retarded children, 'Shanti Nagar', a colony for lepers where they were cared for, they could learn a skill, build their own houses and could work on their own fields, AIDS hospices and so on. • The first home outside India was founded in 1965 in Venezuela. Others were later opened in Italy, Tanzania, Australia, US, Communist Cuba, former Soviet Union etc. • On September 5, 1997 the 87-year old mother died of severe cardiac arrest at the Missionaries of Charity headquarters in Kolkata.
Mother Teresa’s Accomplishments • In 1948, she opened the first slum school. • The Missionaries of charity was officially established as a religious congregation for the Archdiocese of Calcutta in October 1950. • The Padmashri Award for distinguished service (1962) , then the Magsaysay Award the same year. • The first home outside India was founded in 1965 in Venezuela • Pope John XXIII Peace Prize (1971) , Good Samaritan Award (1971), John . F. Kennedy International Award (1971). • Jawaharlal Nehru Award for International peace (1972). • Nobel Peace Prize (1979). • Bharat Ratna (1980). • Rajiv Gandhi Sadbhavana Award (1993).
Conclusion • A quality product or service • A well defined target market • Position in the marketplace • A unique brand • Perseverance • A positive attitude • Faith in God and in other • A legacy to leave behind She was also one of the greatest entrepreneurial marketing geniuses the world has ever known. Mother Teresa stands as a stunning reminder that we can usually find a better way to do business each day.
