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Class 1 Introduction to ED

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Sakshi Saxena

According to George Bernard Shaw, entrepreneurs fall into the category of those who make things happen. The document defines entrepreneurship as a dynamic process of vision, change, and creation that requires energy and passion to create new ideas and solutions. An entrepreneur is an individual who creates a new business, bearing most risks and enjoying most rewards, and organizes factors of production into a product with characteristics including hard work, business acumen, prudence, self-reliance, optimism, planning ability, innovativeness, risk-taking, and communication skills.

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Entrepreneurship Development By: Ms. Sakshi Saxena (Assistant Professor- IIMT)
According to George Bernard Shaw, people fall into three categories: (1) those who make things happen (2) those who watch things happen, and (3) those who are left to ask what did happen. Generally, Entrepreneurs fall under the first category.
About Entrepreneurship • Entrepreneurship is a dynamic process of vision, change, and creation. • It requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. • An entrepreneur is an aggressive catalyst for change in the world of business. • He or she is an independent thinker who dares to be different in a background of common events thereby catering to the social and economic upliftment. • The prime focus of any entrepreneur is to capitalize the opportunities and to build a strong ethical base. • Entrepreneurial development is a pivotal issue that needs to be addressed by any country to develop endowed entrepreneurs who can make a mark in this world of competitions.
Class 1 Introduction to ED
Who is an Entrepreneur? • An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. • Entrepreneur is the person who brings together the factors of production and combines them into a product. • He organizes and manages a business unit assuming the risk for profit. • Examples of well-known entrepreneurs include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington and Caterina Fake.
Characteristics of an Entrepreneur • Hard work • Business acumen (the ability to understand and judge things quickly and clearly) and sincerity. • Prudence (skill and good judgment in the use of resources) • Self-reliance and independence • Highly optimistic • Keen foresight • Planning and organizing ability • Innovativeness • Risk taking • Secrecy maintenance • Maintain public relations • Communication skill

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Class 1 Introduction to ED

  • 1. Entrepreneurship Development By: Ms. Sakshi Saxena (Assistant Professor- IIMT)
  • 2. According to George Bernard Shaw, people fall into three categories: (1) those who make things happen (2) those who watch things happen, and (3) those who are left to ask what did happen. Generally, Entrepreneurs fall under the first category.
  • 3. About Entrepreneurship • Entrepreneurship is a dynamic process of vision, change, and creation. • It requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. • An entrepreneur is an aggressive catalyst for change in the world of business. • He or she is an independent thinker who dares to be different in a background of common events thereby catering to the social and economic upliftment. • The prime focus of any entrepreneur is to capitalize the opportunities and to build a strong ethical base. • Entrepreneurial development is a pivotal issue that needs to be addressed by any country to develop endowed entrepreneurs who can make a mark in this world of competitions.
  • 5. Who is an Entrepreneur? • An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. • Entrepreneur is the person who brings together the factors of production and combines them into a product. • He organizes and manages a business unit assuming the risk for profit. • Examples of well-known entrepreneurs include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington and Caterina Fake.
  • 6. Characteristics of an Entrepreneur • Hard work • Business acumen (the ability to understand and judge things quickly and clearly) and sincerity. • Prudence (skill and good judgment in the use of resources) • Self-reliance and independence • Highly optimistic • Keen foresight • Planning and organizing ability • Innovativeness • Risk taking • Secrecy maintenance • Maintain public relations • Communication skill