Entrepreneurship

&
“Wealth” Creation

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 Agenda

 What is Entrepreneurship all about?

 What does “Wealth Creation” mean?

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 What does an entrepreneur do?

“…shifts resources out of an area of lower yield/productivity

into an area of higher productivity and greater yield.”

“…identifies an under-served market and designs &

implements a scalable strategy to meet the needs of the
segment.”

“…creates resources and opportunities for growth – and

so helps changing the system.”

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 What does Wealth Creation mean

 A comprehensive definition of Wealth – personal or

societal – would include:
 Economic Capital

 Social/ Community Capital

 Environmental Capital

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 The Entrepreneurial Space
Society

Beneficiaries
Of
Impact Arena
Wealth
Creation

Business
Entrepreneur / Entrepreneurship/
Business

Diverse
Economic

Nature of Wealth Creation

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)
 How to make an Impact?
 Innovation to Serve an Un-Served Need (e.g.
Selco-India)

 Systems Change: Breaking the “Unequal

Structure of Opportunity”

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 Unequal Structure of Opportunities
 Access to:
 Information
 Market
 Technology
 Credit
 Societal Resources, etc.

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 How to make an Impact?
 Innovation to Serve an Un-Served Need (e.g.
Selco-India)

 Systems Change: Breaking the “Unequal

Structure of Opportunity” (e.g., Super-30)

 Think Big & Scale up (e.g., Aravind Eye-Care)

 Advocacy for Policy Change (e.g., Childline)

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 …to end

Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)

 Courtsey: Ingrid Srinath, ex-MD, CRY
Secretary General, CIVICUS
Madhukar Shukla Bihar Entrepreneur Network Conference (May 21-22, ‘11)