Professional Documents
Culture Documents
• Roles of Entrepreneurship in
economy
• What is TQM
• Objective of TQM
Entrepreneurship is all about
“Opportunity to Action”
▪ Decision making
▪ Accepting Challenges
▪ Risk Taking
Characteristics of ▪ Building Organization
Entrepreneurship ▪ Skillful management
▪ Innovation
▪ Mobilization of resources
▪ Why Entrepreneurs Are Important for the
Economy. ... Entrepreneurs can change the
way we live and work. If successful, their
innovations may improve our standard of
Importance of living, and in addition to creating wealth with
Entrepreneurship their entrepreneurial ventures, they also
create jobs and the conditions for a
prosperous society.
▪ Entrepreneurship is a key driver of our
Importance of economy, Wealth and a high majority of jobs
teaching are created by small businesses started by
Entrepreneurship in entrepreneurially minded individuals, many
of whom go on to create big businesses.
education
▪ Innovators in economic growth
▪ Employment opportunities
▪ Complimenting and supplementing economic
Entrepreneurs as a growth
whole ▪ Social stability and balanced regional
development of industries
▪ Export and import
▪ A few companies such as IBM, Motorola
and Cargill pursue corporate
entrepreneurship by establishing and
supporting formal organizations with
significant dedicated funds or active
Problems faced by influence over business-unit funding. As
Companies with the enabler and advocate models, an
objective is to encourage latent of an
entrepreneurs
An Entrepreneur
Perspective
In form of law,
Regulations,
financial and
non financial
help
▪ Innovation…. Is the means by which the
entrepreneur either create new wealth
Entrepreneurship and producing resources or endows existing
innovation resources with enhanced potential for
creating wealth.