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Who is an Entrepreneur?
An entrepreneur is a person who starts an
enterprise.
one who always searches for responds to it and exploits opportunity. An entrepreneur Innovation is a specific instrument available to entrepreneur.
innovators who use a process of shattering the status quo of the existing products and 4/28/12
enterprise
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Economists view
The economists view him as a fourth factor of
entrepreneur to rationally combined the forces of production into a new producing 4/28/12 organization
qualities:
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Sociologists view
The sociologists feel that certain communities
and cultures promote entrepreneurship like for example in India we say that Gujaratis and Sindhis are very enterprising. focused on theories that considered the role of social norms and legitimacy as well as social mobility in understanding the supply of entrepreneurship in a society. reassemble from what is available, very
Sociologists
Psychologists view
The entrepreneur
wants to prove himself/herself more than
others
has the pressure to reach something wants to be in control is convinced he/she can do it better is not afraid of taking risks
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achievement-orientation and statusorientation of individuals within a population to consider their likelihood of engaging in entrepreneurial behavior.
entrepreneurship is not likely to emerge or develop when a society has a sufficient supply of individuals possessing certain psychological characteristics such as adventures nature, ability to take calculated risk, communication 4/28/12 skills, leadership qualities, hardworking by
individuals upbringing which stress on standards of excellence, self reliance and low father dominance
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Among psychologists, Frank Young describes K. L. Sharma maintains that entrepreneurs are
men with qualities of leadership in solving persistent professional problems; but those persons likewise demonstrate eagerness to seize unusual opportunities.
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Managers view
Managers feel entrepreneurs are
innovators who come up with new ideas for products, markets or techniques.
According to Peter Kilby an Entrepreneur is
4/28/12 competition
Entrepreneurship
formation
by
helps reduce the unemployment problem in the country, i.e., the root of all socio-economic problems.
It promotes balanced regional development. It helps reduce the concentration of economic power. It stimulates the equitable redistribution of wealth, income
economic development. On the whole, the role of entrepreneur ship in economic development of a country
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towns were mostly religious and aloof from the general life of country.
among the India artisans in a few recognizable products in the cities of Banaras, Allahabad, Gaya, Puri & Mirzapur. prestigious Indian handicraft industry, which was basically a cottage and small sector, declined at the end of the 18th century for various reasons.
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Much
entrepreneurship can be noticed in the second half of the 19th century. Prior to 1850, some stay failure attempts were, indeed , made by the Europeans to setup factories in India. India began after the First World War. Government agreed to 'discriminating' protection to certain industries, even requiring that companies receiving its benefits should be registered in India with rupee capital and have a proportion of their directors as Indians.
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came forward with the first Industrial Policy, 1948 which was revised from time to time. her industrial resolutions:-
(i) to maintain a proper distribution of economic power between private and public sector; (ii) to encourage the tempo of industrialization by spreading entrepreneurship from the existing centers to other cities, towns and villages, and
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witnessing a tremendous increase in their number from 121,619 in 1966 to 190,727 in 1970 registering an increase of 17,000 units per year during the period under reference. to 1850, the manufacturing entrepreneurship was negligible lying dormant in 4/28/12 artisans.
Prior
..ENTERPRENEURSHIP DURING POST Even the small entrepreneurship continued INDEPENDENCE communities to be dominated by business
though at some places new groups of entrepreneurs too emerged.
some entrepreneurs grew from small to
medium-scale and from medium to largescale manufacturing units during the period.
The family entrepreneurship units like Tata,
Birla, Mafatlal, Dalmia, Kirloskar and others 4/28/12 grew beyond the normally expected size
number of companies formed each year was 14,379, while from 1992 to 2006, the average number of companies formed per year was 33,835.
According
(2007) report, Indias High-Growth Expectation EarlyStage Entrepreneurship (HEA) rate is only one-fifth of that of China. almost 50 per cent of all workers are self-employed 57 per cent among males and nearly 62 per cent among females, while the corresponding figures in urban India are 42 for males and 44 for females.
the Central Statistical Organisation (CSO), there are 41.83 million establishments in the country engaged in different economic activities other than crop 4/28/12
An entrepreneur has to register ones business, obtain government clearances and 4/28/12
Manpower:
- In the Global Competitiveness Index, India ranks 102nd in hiring and f ring practices and 85th in 4/28/12
have hang-ups about the previous legacy 4/28/12 and are willing to experiment. These are
Queries
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