ENTREPRENEURSHIP Lecture No: 3 BY CH. SHAHZAD ANSAR.

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ENTREPRENEURSHIP Lecture No: 3 BY CH. SHAHZAD ANSAR

Types Of Start-ups

There are 3 types of startup ventures: 1.A lifestyle firm exists primarily to support the owners and usually has little growth opportunity. 2.Foundation companies are firms created from research and development that lay the foundation for a new industry. 3.High powered ventures (“gazelles”) are new companies that receive the greatest interest and publicity.

Role Of Entrepreneurship In Economic Development

Product-evolution Process

Government As An Innovator

Intrapreneurship

Entrepreneurship

Entrepreneurial Careers And Education

The future of entrepreneurship is assured. Most U.S. Universities are offering courses. Societal support is strong. “Intrapreneurship” (entrepreneurship within an existing company) helps large companies respond to hyper- competition.

Types of skills required in Entrepreneurship

Types of Skills Required in E’ship Technical Business Management Personal WritingPlanningInner Control Oral Communication Decision Making Risk Taking Monitoring the Environment Human Relations Innovative Using Technology Marketing (Selling) Change- oriented visionary

Ethics And Social Responsibility Of Entrepreneurs

The Future Of Entrepreneurship

ENTREPRENEURSHIP Lecture No: 3 BY CH. SHAHZAD ANSAR