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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WOMEN ENTREPRENEURS Concept An enterprise owned and controlled by women having a minimum financial interest of 51percent of the capital and giving at least 51 percent of the employment generated by the enterprise to women - Government of India A woman entrepreneur can be defined as a confident‚ innovative and creative woman capable of achieving self economic independence individually or in collaboration‚ generates employment opportunities for others through initiating‚ establishing and
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A Successful Entrepreneur Thalia Lyn Name: Yvette Shim Skill: Cake Baking Institution: St. Patrick’s Foundation Instructor: Mrs. Patterson Date: February 9‚ 2015 Table of Contents Introduction…………………………………………………………………1 Acknowledgement………………………………………………………….2 Education and background………………………………………………….3 The PEC’s of the Entrepreneur………………………………………………4 The challenges faced in the business……………………………………….5 How was the challenges dealth with………………………………………..6 What kind of support was
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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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Challenges of the Entrepreneurs Starting A common denominator for all entrepreneurs is the challenge of starting a business‚ be it through inventing something‚ looking for a new idea within a business‚ finding the right opportunity to break into a business‚ or buying into a franchise. And all of these takes planning — organizing all the aspects so that you reach your goal. Capital/Funds This is by far the greatest of all challenges facing entrepreneurs. Most entrepreneurs go into business with
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Entrepreneurs have many of the same character traits as leaders‚ 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 entrepreneurs operate in teams rather
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Chapter 3: THE ENTREPRENEUR PROCESS The virtues of a successful entrepreneur (The Start-Up) A successful entrepreneur has to have the ability to bring together team members who can complete each other. An entrepreneur faces challenges like a coach or a symphony conductor‚ who must blend a group of individuals with different backgrounds and expertise together to become a superb team. To do this‚ an entrepreneur needs to have strong leadership‚ organization‚ and communication skills. In the corporation
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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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entrepreneurial skills and personal qualities that highly needed to run the business successfully by the entrepreneurs. Based on the list provided below‚ explain each of the elements with relevant examples (If needed) in the business perspective. Opportunistic Entrepreneurs who are opportunity-orientated will first and foremost focus on growth opportunity than the business and its resources. Entrepreneurs in the 21st century not only must be able to see and grab opportunity whenever there is but also
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Anita Roddick‚ The Body Shop‚ Madame CJ Walker‚ First female African American millionaire (hair care products)‚ Coco Chanel‚ fashion and signature fragrances‚ and Estee Lauder‚ Beauty products. This is a very small list of a few famous female entrepreneurs throughout history. These women started their own businesses with the passion and desire to help others or provide a product they felt was needed. Females have difficulty climbing the corporate ladder and it is just as difficult‚ if not more
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