Chapter Objectives 1. 2. 3. 4. 5. 6. 7. Explain entrepreneurship and discuss its importance; Discuss three main reasons people decide to become entrepreneurs; Identify four main characteristics of successful entrepreneurs. Explain five common myths regarding entrepreneurship. Explain how entrepreneurs differ from businessperson. Discuss the impact of entrepreneurial firms on economies and societies. Explain the entrepreneurial process. Minicase: KLYMIT • Who? • What? • Why? • Where
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A Paper Presentation on ROLE OF NEW AGE ENTREPRENEURS IN SHAPING INDIA Submitted by SHASHANK S SHENOY‚ PGDM‚ MATS Institute of Management & Entrepreneurship‚ Bangalore Email: mime.12.shashanksshenoy@gmail.com SUMANLATA SINHA‚ PGDM‚ MATS Institute of Management & Entrepreneurship‚ Bangalore Email: mime.12.sumanlata@gmail.com MATS Institute of Management & Entrepreneurship (Approved by AICTE‚ New Delhi) Jakkasandra Post‚ Kanakapura Taluk‚ Ramanagara Dist - 562112‚ Karnataka
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Concept of Entrepreneur The concept of Entrepreneurship is comparatively new and dynamic. The following eleven qualities/ attributes are considered to be some of the important ones for a successful entrepreneur on the basis of the research and experience is as follows:- a]High level of motivation‚ b]Moderate Risk-taker c]Self-confident with positive self concept‚ d]Excellent Leadership qualities e]Good Business acumen
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BEHAVIOURAL AND MOTIVATIONAL CHARATERSITICS OF CORPORATE AND INDEPENDENT ENTREPRENEURS Vikalp Patel (646642) LITERATURE REVIEW “Entrepreneurship is living a few years of your life like most people won’t‚ so that you can spend the rest of your life like most people can’t.” Is something that most people who dream of becoming entrepreneurs have heard at least once in their life. It’s not easy to be as successful entrepreneur but they are a certain set of characteristics that most of them have
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Concepts of Entrepreneurship 1.4 Entrepreneurs/ Small Business Owners: A Distinction 1.5 Our Entrepreneurial Economy 1.6 Myths of Entrepreneurship 1.7 Approaches to Entrepreneurship 1.8 Corporate Entrepreneurship Review & Discussion Questions Case Studies Chapter 2 The Entrepreneurial Mind-Set 2.1 The Entrepreneurial Individual 2.2 Common Characteristics Associated with Entrepreneurs 2.3 Entrepreneurial Motivation 2.4 Developing Individual Innovation 2.5 Entrepreneurs Imagination & Creativity Review
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What is an Entrepreneur? Debated for many years‚ this vital question to the study of entrepreneurship continues to be criticised and analysed by some of the worlds leading researchers. The term entrepreneur comes from the French word entreprendre‚ which means to under take or to go between. Entrepreneurship did not really emerge into the UK until the Thatcher years (1970s) after the de-regulation of many of the country ’s companies including gas‚ electricity‚ water and the railways. It was almost
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encourage foreign direct investment (FDI) by multinational corporations (MNC). However‚ MNC are not able to fully understand local consumers‚ implying that production is less likely to be at the efficiency frontier‚ implying the need for local entrepreneurs (Corbett‚ 2008). More pointedly‚ what has also been generally accepted is the notion that for economic growth to be self-sustaining the allocation of resources to production should be based on consumption priorities as revealed by the prices (values)
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Characteristics of entrepreneurs------------------------------------------------------3 Am I an entrepreneurial “type” of person? -----------------------------------------4 The influence of contexts on entrepreneurial characteristics-------------------5 “Family business” ------------------------------------------------------------------------5 “Small business owners” ----------------------------------------------------------------6 Conclusion----------------------------------------------------------------------------------6
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Characteristics of an entrepreneur Entrepreneurs have many of the same character traits as leaders‚[10] similar to the early great man theories of leadership; however trait-based theories of entrepreneurship are increasingly being called into question. Entrepreneurs are often contrasted with managers and administrators who are said to be more methodical and less prone to risk-taking. Such person-centric models of entrepreneurship have shown to be of questionable validity‚ not least as many real-life
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Young Entrepreneur -The Way Ahead -Vivek Krishna.K Entrepreneurship is the practice of starting new organizations‚ particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking‚ as a majority of new businesses fail. Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship ranges in scale from solo projects
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