ENTREPRENEURIAL DEVELOPMENT

INTRODUCTION

THE HISTORY OF ENTREPRENEURSHIP

 RICHARD CANTILLON Agent who buys means of production at certain prices in order to combine them into a new product. J B SAY One who brings other people together in order to build a single productive organism

MIND MAPPING
A tool for idea generation It is developed by tony Bushan in 1970 People think better with images

steps
Centre first Lighten up Free associate Think fast Break boundaries Judge not

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Keep moving Allow organisation

TYPES OF ENTREPRENEURS
ON THE BASIS OF TYPE OF BUSINESS BUSINESS ENTREPRENEUR TRADING ENTREPRENEUR INDUSTRIAL ENTREPRENEUR CORPORATE ENTREPRENEUR AGRICULTURAL ENTREPRENEUR

ON THE BASIS OF TECHNOLOGY

TECHNICAL NON-TECHNICAL PROFESSIONAL

ON THE BASIS OF MOTIVATION

PURE INDUCED MOTIVATED SPONTANEOUS

ON THE BASIS OF STAGES OF DEVELOPMENT

FIRST GENERATION MODERN CLASSICAL

SOURCES OF INFORMATION
PERSONAL INTERESTS WORK EXPERIENCE,SKILLS AND KNOWLEDGE PRODUCTS, SERVICES CURRENTLY AVAILABLE EXTERNAL ENVIRONMENT

CONTD
ENVIRONMENTAL SCANNING CREATIVE AND CRATIVE PROBLEM SOLVING BRAIN STORMING FOCUS GROUP THE ROLE OF INTUTION

Other sources
Emerging new technology Trade fairs and journals Social and economic trends Changes in consumption pattern Market characteristics Product profile

MODALITIES OF INFORMATION COLLECTION

ENVIRONMENT ANALYSIS

ENVIRONMENT ANALYSIS
OPPORTUNITY ANALYSIS COMPETITIVE FACTORS ATTITUDE OF GOVERNMENT PSYCHOLOGICAL FACTORS SOCIAL ENVIRONMENT ECONOMIC ENVIRONMENT

ECONOMIC FACTORS
CAPITAL LABOUR RAW MATERIAL MARKET

SOCIAL ENVIRONMENT
FAMILY BACKGROUND FRIENDS,RELATIVES AND TEACHERS RELIGION SOCIAL STATUS SOCIAL MOBILITY AND MARGINALITY

PSYCHOLOGICAL FACTORS
THEORY OF ACHIEVEMENT MOTIVATION LESS ACHIEVEMENT-MONEY HIGH ACHIEVEMENT-STATUS HAGEN

RESPONSES
RETREATIST RITUALIST REFORMIST INNOVATOR

ATTITUDE OF GOVERNMENT
INDUSTRIAL POLICIES THE INDUSTRIAL POLICY 1956 THE NEW INDUSTRIAL POLICY 1991 BY GIVING INFRASTRUCTURAL FECILITIES EXPORT OR PERISH-EXPORT PROMOTION

COMPETITIVE FACTORS
EXISTING AND POTENTIAL ENTRANCE BARGAINING POWER OF BUYERS BARGAINING POWER OF SUPPLIERS AVAILABILITY OF SUBSTITUTES

OPPORTUNITY ANALYSIS
ADDITIVE OPPORTUNITIES COMPLEMENTARY OPPORTUNITIES BREAKTHROUGH OPPORTUNITIES

Entrepreneurial Opportunities In Different Sectors

MANUFACTURING SECTOR
2,144 LISTED COMPANIES 16.3 PERCENT OF CONTRIBUTION TO GDP 3PL(THIRD PARTY LOGISTICS) LARGEST EMPLOYER-CSO

SERVICE SECTOR
55.1 PER CENT OF GDP DWELLING,REAL ESTATE INSURANCE BUSINESS SERVICES TRADING HOTEL AND RESTAURANTS

INDIAN IT SECTOR
7OOOOO PEOPLE ARE EMPLOYED 35% OF WORLD BPO MARKET IS IN INDIA BPO EXPORT REVENUE IS-11BILLION

TELECOMMUNICATION
GROWTH RATE-20-40 GROWTH FUELED BY GROWING MOBILE SECTOR 10 MILLION CUSTOMERS- 2002

BANKING AND FINANCIAL

TOTAL BANKING ASSET16 BILLION US$ IN 2007 44 VENTURE CAPITALS AND 100 PRIVATE EQUITY FUNDS ARE IN INDIA

CRITERIA FOR SELECTING BUSINESS OPPORTUNITY

INVESTMENT SIZE LOCATION TECHNOLOGY EQUIPMENT MARKETING

Components of business plan

Estimations Projections Information Calculations documentation

General company description

Mission statement Company goals and objectives Business philosophy Description of industry Entrepreneur's strength and competency Legal form of ownership

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Personal profile

other
Products Competitors Customers Promotion Pricing Proposed location

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Distribution channels Sales forecast Operational plan