ENTREPRENEURSHIP IN

MANAGEMENT
 WHAT IS ENTREPRENEURSHIP?????
 Capacity to take risks
 Ability to own and organize
 Desire and capability to innovate and diversify
 WHO IS AN ENTREPRENEUR??????
 Person conducting own business
 Person who sets up business deals in order to make
profits
 Organizer of an economic venture, one who owns,
organizes, manages, and assumes the risks of the
business
 ROLE OF AN ENTREPRENEUR

 An innovator who combines technical innovations and

financial finesses
 Important role in producing competitive products, processes,
and services
 Generation of new employment
 Local and regional economic development
 Improved allocation of resources and transfer of technologies
 HOW IS IT RELATED TO MANAGEMENT
I. Stability in personal life and relationship with
parents/spouse/loved ones, physical health, spiritual orientation
and spirit of compassion,
II. Vision,
III. Creativity, Get Feel and ability to take risks

o Chinese say “ Qi Ye Jia”.

 Qi - Lift up your heels and look to the future
 Ye - God given responsibility
 Jia - Teamwork and Unity
 NEED
 Having an entrepreneurial style of managing
may be thought of as having the structure and
flexibility to assist an organization to succeed.

 The manager implementing an entrepreneurial

style must be flexible in adapting to the rapid
changing of the market conditions and ideas
which are important factors for developing
strategies for a company's growth.

 Entrepreneurial managers may be thought of

as being aggressive, survivalist, creative,
passionate, honest, and an innovator of ideas.
They often strive to make the vision of the
organization a reality.
 5 Entrepreneurial Skills needed in MANAGEMENT
1. Personal Skills : Personal skills are simply those skills that are attached to your
personality, it's important you develop a keen eye for spotting errors. develop your
personal skill with respect to your business. "Great men are ordinary men with
extra ordinary determination." – Abraham Lincoln.

2. Communication skill : To be a successful business owner, you must be a powerful

communicator. Look at Bill Gates whenever he speaks, people listen with rapt
attention. "The test of a real comedian is whether you laugh at him before he
opens his mouth." – George Jean Natha.

3. Negotiation skill : In the course of building a business, you are bound to negotiate
deals. You negotiate with customers and suppliers over goods and services offered.
 Leadership skill : "In business, leadership skill is not an option. It's a
necessity." – Rich Dad. Successful entrepreneurs were not born business
leaders they were made.

 Sales skill : The most important entrepreneurial skill of all. It is the most
important is because I have never seen a business that doesn't sell one thing or
the other. "If you cannot sell, you will be sold." – Tony Martins.
AZIM HASHAM
PREMJI

a successful
entrepreneur
ACHEIVEMENTS:
 Graduated from Stanford University
 He is the richest man in India
 One of the top 50 richest men in the world
 CEO of Wipro and head person of Azim Premji Foundation
 Brought Wipro from Scrap to Beauty, that is from US$ 2million to
US$1.76billion
 Member of Prime Minister's committee for trade and industry in India
 Made Wipro the biggest BPO  services provider in India
HIS AWARDS
 Azim  Premji started off in Wipro with a simple Vision - to build an organization on
a foundation of Values.
 Wipro is today ranked among the top 100 Technology companies globally (by
Business Week)
  Azim Premji has received many honors and accolades, which he believes are
recognitions for each person who has contributed to Wipro
  He was adjudged the Business Man of the Year 2000 by Business India and as the
Business Leader of the Year 2004 by the Economic Time
  Time listed him (April 2004) as one amongst 100 most influential people in the
world
 In January 2005, the Government of India conferred upon him the
Padmabhushana, one of the highest civilian awards in the country.
  Azim Premji voted the 15th most powerful man in the world
Thank you