Peter Drucker. Entrepren eurs are innovator s.

Entrepren eur is one who always searches for changes, responds to it as an opportuni ty.

Accordin g to Drucker 3 condition s to be fulfilled

1. Innovatio n has to be market driven

2. Innovatio n is work. 3. Innovatio n must be built on the strength to succeed.

New concept of Entrepre neur

One who detects and evaluates a new situation in his environm ent and directs the making of such adjustme nts in the economic systems as he deems necessary .

He conceives the idea of an enterprise displays considera ble grit, initiative and determin ation in bringing his project to fruition and in this process performs following functions

1. Perceives opportuni ties for profitable investme nt 2. Explores the prospects o\f starting such a manufact uring enterprise .

3. Obtains necessary industrial licenses.

4. Arranges initial capital. 5. Provides personal guarantee to financial institutio ns. 6. Promises to meet the shortfalls in the capital.

7. Supplies technical knowhow.

Social Responsi bility is a part of entrepren eurial outlook of life.

Key elements of Entrepren eur

Risk taking Vision Values Character Innovatio n Organisin g skill Ethics

All this leading to operation al excellenc e.

A. Concept of Entrepre neurship .

Process undertake n by the entrepren eur to establish a business. Resultant mix of many qualities and traits like imaginati on, readiness to take risk and ability to bring together and put to use the factors of productio n

Entrepren eurship. is the propensit y of the mind to take calculate d risks with confidenc e to achieve a pre determin ed business or industrial objective.

It is the risk taking ability of an individua l coupled with correct decision making.

CONCEP T OF ENTREP RENEU RSHIP.

Entrepreneur Person

Entrepreneurship.
Process of action

Enterprise Object

A.H Cole Entrepren eurship is a purposef ul activity of an individua l or group of individua ls undertake n to initiate, maintain or increase profits by productio n or distributi on of economic goods or services.

Peter Drucker Entrepreneurship is neither science nor art. It is a practice and has a knowledge base. Knowledge in Entrep

Peter Drucker. Entrepren eurs are innovator s. Entrepren eur is one who always searches for changes, responds to it as an opportuni ty. Accordin g to Drucker 3 condition s to be fulfilled

1. Innovatio n has to be market driven

2. Innovatio n is work. 3. Innovatio n must be built on the strength to succeed.

New concept of Entrepre neur

One who detects and evaluates a new situation in his environm ent and directs the making of such adjustme nts in the economic systems as he deems necessary .

He conceives the idea of an enterprise displays considera ble grit, initiative and determin ation in bringing his project to fruition and in this process performs following functions

1. Perceives opportuni ties for profitable investme nt

2. Explores the prospects o\f starting such a manufact uring enterprise . 3. Obtains necessary industrial licenses.

4. Arranges initial capital. 5. Provides personal guarantee to financial institutio ns. 6. Promises to meet the shortfalls in the capital.

7. Supplies technical knowhow.

Social Responsi bility is a part of entrepren eurial outlook of life.

Key elements of Entrepren eur Risk taking Vision Values Character Innovatio n Organisin g skill

Ethics All this leading to operation al excellenc e.

A. Concept of Entrepre neurship .

Process undertake n by the entrepren eur to establish a business.

Resultant mix of many qualities and traits like imaginati on, readiness to take risk and ability to bring together and put to use the factors of productio n

Entrepren eurship. is the propensit y of the mind to take calculate d risks with confidenc e to achieve a pre determin ed business or industrial objective. It is the risk taking ability of an individua l coupled with correct decision making.

CONCEP T OF ENTREP RENEU RSHIP.

Entrepreneur Person

Entrepreneurship.
Process of action

Enterprise Object

A.H Cole

Entrepren eurship is a purposef ul activity of an individua l or group of individua ls undertake n to initiate, maintain or increase profits by productio n or distributi on of economic goods or services.

Peter Drucker Entrepreneurship is neither science nor art. It is a practice and has a knowledge base. Knowledge in Entrep

e. Knowledge in Entrep