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Entrepreneurship management

Concept Meaning and definition Scope of the subject Need for Entrepreneurship development Qualities of a successful entrepreneur

Entrepreneurship management

Definition- J B Say coined the term Entrepreneur Joseph Schumpeter Innovation Peter Drucker- The entrepreneur always searches for change, responds to it and exploits it as an opportunities.

Definition evolved from work done at Harvard Business school

Entrepreneurship is the process of creating or seizing opportunity and pursuing it regardless of the resources currently controlled.

Entrepreneurship management

Entrepreneurship Composite skill mix of qualities and traits Creative and innovative response to the environment- social, education, business, agriculture and many more. Doing new things or finding a new way of doing existing process.

Entrepreneurship management

Bearing risk Innovation Response to given situation

Entrepreneurship management
Scope of the concept Business Agriculture Public administration Service sector Social work

Entrepreneurship management

Need for entrepreneurship development-

American economyThree decades prior to World War- High tech jobs. Post World War Industries, Government and education 1970 to1984 job creation by small and medium businesses

Entrepreneurship management
Kondratieff Russian economist of 1930s Collectivization of farming would lead to fall in production. Kondratieff wave Fifty years of cycle 20 years of expansion and last 20 years of stagnation

Entrepreneurship management

High tech industry did not crate no. of jobs matching to the number lost by old industries.

Jobs created in K. stagnation period were by entrepreneurial economy.


High tech and low tech job creators

Global Entrepreneurship Management Report High incidence of entrepreneurship worldwide HBR Hong kong way Shunkworks to create pioneers for building something new. British rules Chartering new cities.

Deng Xiaopong - SEZ

Stages of capitalism Managerial capitalism 1932 1976 Shareholders capitalism 1976 Customer driven capitalism

Focus on customer values Customer satisfaction over shareholders value-

Entrepreneurship management
Qualities N. Achievement High level of motivation Risk bearing capacity Perseverance Self confidence and Self esteem Excellent leadership Vision and perception

Entrepreneurship management
Team building ability Ethics and values

Entrepreneurship management

Narayan Murthy Better India Better World.