MEANING OF ENTREPRENEURSHIP

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Presentation transcript:

MEANING OF ENTREPRENEURSHIP Entrepreneurship is a creative or immitative activity where entrepreneur introduces or immitates new idea into economy or a technology or a process or a new market with or without modification.

NEED OF ENTERPRENEURESHIP

1. EMPLOYEMENT SITUATION 2. FOR INDIVIDUAL DEVELOPMENT 3 1. EMPLOYEMENT SITUATION 2. FOR INDIVIDUAL DEVELOPMENT 3. INNOVATIONS IN ENTREPRIES 4. DISTRIBUTED ECONOMIC DEVELOPMENT AT NATIONAL LEVEL 5. DYNAMIC NATURE OF SMALL INDUSTRY

QUALITIES OF A GOOD ENTREPRENEUR

1. LEADERSHIP 2. INNOVATIVENESS 3. COURAGE FOR RISKS 4 1. LEADERSHIP 2. INNOVATIVENESS 3. COURAGE FOR RISKS 4. SELF CONFIDENCE AND FATIH 5. HARD WORK 6. IMAGINATIVE OF FUTURISTIC SITUATION 7. TRUST IN OTHERS 8. SYSTEMATIC APPROACH

9. OPEN EYES TO EXPERIENCES 10. GOOD SALES SERVICE 11 9. OPEN EYES TO EXPERIENCES 10. GOOD SALES SERVICE 11. QUALITY PRODUCTS 12. SAVING HABIT 13. GOOD BEHAVIOUR

DIFFERENCE BETWEEN MANAGER AND ENTREPRENEUR

1.Manager is a salaried person, whereas an entrepreneur gets more or less the profit or bears loss.

2. MANAGER RUNS THE BUSINESS ON ESTABLISHED LINES WHEREAS ‘INNOVATIONS’ AND ‘CHANGES’ ARE A NECESSARY QUALITIES OF AN ENTREPRENEUR

3. MANAGER HAS NO RISK. IN CASE OF UNCERTAINTY HE AT THE MOST LOOSE THE JOB BUT AN ENTREPRENEUR MAY LOOSE ALL HIS FINACIAL BELOGINGS IN CASE OF SOME FAILURE OR LOSS.

4. A MANAGER DEPANDS MORE ON TECHNICAL KNOW-HOW AND HUMAN RELATIONS, WHEREAS AN ENTREPRENEUR HAS IN ADDITION TO MANAGERIAL QUALITIES, SHOULD BE CREATIVE, INTUTIVE AND IMAGINATIVE FOR FUTURISTIC GOALS.

5. A MANAGER TAKES ORDERS FROM AUTHOROTIES BUT ENTREPRENEUR ARE UNABLE TO TAKE ORDERS FROM ANYBODY. HE IS THE BOSS OF HIS OWN.

6. THE SALARY OF MANAGER CAN NEVER BE NEGATIVE, WHEREAS AN ENTREPRENEUR’S PROFIT CAN BE NEGATIVE.

SMALL SCALE INDUSTRIES

a. MODERN SMALL SCALE INDUSTRY b. AGRO- BASED INDUSTRIES c. ARTISANS d. RURAL HANDICRAFTS e. SPECIAL GROUP OF ARTISANS- HANDLOOM WEAVERS

ENTREPRENEURIAL SUPPORT SYSTEM

a. DISTRICT INDUSTRY CENTRES (dic) b. STATE BANK OF INDIA (sbi) AND a. DISTRICT INDUSTRY CENTRES (dic) b. STATE BANK OF INDIA (sbi) AND COMMERCIAL BANKS c. STATE FINANCIAL CORPORATIONS d. small industries service institute (SISI) e. others, like sidbi, nabard, nsic