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EN TR EP R EN EU R S H IP
Ankita Srivastava
The Entrepreneur
Invests his resources to perform an
entrepreneurship focusing on
opportunity obsession, risk taking,
innovating, creating value and profits
through effective utilization of material,
human and informational resources,
raising capital, building teams and
organizing/undertaking day to day
operations of the enterprise
C haracteristics of
Entrepreneurs
Desire for responsibility, taking control
of resources
Taking moderate/calculated risks
remove obstacles and eliminate risks
Confidence in their ability to succeed,
high level of optimism
They may even fail more than once
before finally succeeding
entrepreneurs do not fail their
businesses fail
Functions of Entrepreneurs
Idea generation
Scanning and selecting the best idea
Opportunity Scanning & Project Selection
Determination of Business Objectives
Product Analysis, Development & Market Research
Form of Ownership & Organization
Completion of Promotional Formalities
Raising necessary funds
Mobilizing Resources Machinery & Materials
Recruitment of Manpower
Business Operations
Broader Classifi
cation EntrepreneurialFunctions
Risk taking
Organizer
Innovator
uncertain prices
Payments certain/Receipts uncertain
Dependence on future predictions and
uncertainties
Risk may be calculated and covered by an
insurance
Entrepreneur as an O rganizer
Organizing, co-ordinating and supervising functions
of the Capitalist/Investor/Financer
Entrepreneur as an Innovator
production
Introduction of new product in the market
Instituting a new production technology not tested
earlier
Discovery of new source of supply of raw material
Types of Entrepreneurs
Innovative Entrepreneur
Adoptive or Imitative Entrepreneur
Fabian Entrepreneur
Drone Entrepreneur
Innovative Entrepreneur
An innovating entrepreneur is one who
introduces new goods, inaugurates
new method of production, discovers
new market and recognizes the
enterprise. It is important to note
that such entrepreneurs can work
only when a certain level of
development is already achieved,
and people look forward to change
and improvement.
Im itative Entrepreneurs
These are characterised by readiness to
Fabian Entrepreneurs
Fabian entrepreneurs are
characterized by very great caution
and skepticism in experimenting any
change in their entreprise. They
imitate only when it becomes
perfectly clear that failure to do so
would result in a loss of the relative
position in the enterprise.
D rone Entrepreneurs
These are characterized by a refusal
Intrapreneurship
Whereas entrepreneurship is the practice
of embarking on a new business or
reviving an existing business by
pooling together a bunch of resources,
in order to exploit new found
opportunities
intrapreneurship is the practice of
entrepreneurship by employees within
an organization.
D iff
erence betw een an
Entrepreneur and an Intrapreneur
An entrepreneur takes substantial
Q ualities of an Entrepreneur:
ambitious goals
Risk bearing, innovating, organising
and leadership traits
Opportunity obsession (identifying
opportunities)
Perseverance, never-say-die attitude,
handling obstacles
ambiguities, goal/achievement
orientation, problem solvers
Seek prompt feed-back on their
performance
Independent, responsible for their own
decisions
Good planning and decision making
skills open minded, flexible and not
rigid in his ideas
High self-confidence, motivators and
stress takers
the entrepreneur
Endless hard work, other comforts may take a
back seat
Life style sacrifices influence on family
life/circumstances
Investment of equity from own net-worth
Accepting a pay-cut, time, emotion, patience,
loyalty
Overcoming hurdles, completing the job,
solving problems
(tenacity/passion)
Recognizing what they cannot do
Being selfish in seeking help from anybody/any
where
Knowing well their product, markets and
competitors
Courage unpopular decisions, tough
challenges
Ability to set goals, develop business plans &
strategies
Adaptability, traits & behaviour to manage e
ventures
ends in failure
Money, lots of it, is the most important
factor
Entrepreneurs are young and energetic
The entrepreneur needs an MBA or a base
skill in finance or marketing
G ender Issues in
Entrepreneurship
C O N C EP T O F W O M EN
EN TR EP R EN EU R S
Women entrepreneurs engaged in business due to
R EA SO N S FO R W O M EN
B EC O M IN G
The glass ceilings are shattered and women
EN
TR
EP
R
EN
EU
R
S
are found indulged in every line of business.
The entry of women into business in India is
traced out as an extension of their kitchen
activities, mainly 3Ps, Pickle, Powder and
Pappad. But with the spread of education and
passage of time women started shifting from
3Ps to modern 3Es i.e., Energy, Electronics
and Engineering. Skill, knowledge and
adaptability in business are the main reasons
for women to emerge into business ventures .
R EA SO N S FO R SLO W
P R O G R ESS O F W O M EN
The problems and constraints experienced by women
EN
TR EP R EN EU R S IN IN D IA
entrepreneurs have resulted in restricting the
expansion of women entrepreneurship. The major
barriers encountered by women entrepreneurs are:
SU G G ESTIO N S FO R TH E
G R O W TH O F W O M EN
EN TR EP R EN EU R S
There should be a continuous
(IRDP)
Khadi And Village Industries Commission
(KVIC)
Training of Rural Youth for Self-Employment
(TRYSEM)
(EDPs)
Management Development progammes
Womens Development Corporations (WDCs)
Marketing of Non-Farm Products of Rural
Women (MAHIMA)
Assistance to Rural Women in Non-Farm
Development (ARWIND) schemes
Trade Related Entrepreneurship Assistance
and Development (TREAD)
Working Womens Forum
Indira Mahila Yojana
Developments Schemes
Rajiv Gandhi Mahila Vikas Pariyojana
(RGMVP)
Priyadarshini Project- A programme for
Rural Women Empowerment and
Livelihood in Mid Gangetic Plains
NABARD- KfW-SEWA Bank project
Exhibitions for women, under promotional
Role of MSME