THE INVENTOR

-Entrepreneurs are not taught, they are born.

Kunwer Sachdev,
Su-kam Power system

Presented By: Sumit Kumar Bhoi

SNAPSHOT
Education : Statistics (Hons), Hindu College Worked with : A telecom company Last salaried job : Rs 8,000 a month Age at starting business : 23 years No. of years as entrepreneur : 17 years Initial investment : Rs 10,000 Sources of fund : Personal savings Company : Su-kam Power Systems Turnover : Rs 1,100 crore in 2012-13 No of employees : 1,001-5000

ENTREPRENEURIAL JOURNEY

He coined the name Su-Kam for the pens. He started cable TV business without having any technical and business understanding. In1998, He move into the inverter business in the vision of giving the consumer something superior. In 2000, He close down his profitable business of cable TV products and set up his first big factory in Gurgaon at a cost of Rs 15 lakh.

Reliance India Power Fund, picked up a 20 per cent stake in SuKam in a Rs 45 crore (Rs 450 million) deal.
Su-Kam has position in world markets such as Asia, Africa, Middle East and the Pacific Region.

ENTREPRENEURNSHIP

Independent Entrepreneurship -Organization created by individual(s)

Corporate Entrepreneurship -Organization created by individual(s)

Corporate Venturing (New Business) -by existing organizational entity

INNOVATION -introducing something new to the market place (with corporate venturing/strategic Renewal)

Strategic Renewal -Major strategic/structural Dev within existing organizational entity

Internal corporate Venturing -Organization creation by existing organizational entity. -treated as new business. Resides within existing domain. Dimensions: -Structural Autonomy --Degree of Relatedness to Parent -Extended Innovation (Innovative/Initiative)

External Corporate Venturing -Resides outside existing organizational domain E.g.: Joint Ventures Spin Offs Venture Capital Initiatives

THEORETICAL APPROACH TO THE STUDY OF ENTREPRENEURSHIP

Approaches Level of Analysis MICRO (Individual Level) Theory of Entrepreneurial Profit (Risk-taking Propensity) Theory of Occupational Choice (Ability to bear uncertainty) -Traits Theory -Psycho-Dynamic Theory Personality Difference- Psycho Profile from rest of the population. -Marginalization theory Marginal-social positiondriving force * Role Experienced in family/Regions *Network Creation of new firms Creation of network of relationships with suppliers, banks, clients, etc. - Leibensteins X-Efficiency : Role of Entre in New Firm Promotion from Managers Perspective -Behavioural Ability -Modes of New Enterprise Creation -Modes to become an Entrepreneur ECONOMIC PSYCHOLOGICAL SOCIO CULTURAL Institutional Framework MANAGERIAL

MESO (Corporate Level)

-Transaction cost Hierarchical alternative Selling new idea/project Hybrid(network/alliance) Creation of new firm=f-TC Asset Uncertainty Frequency of TC
Schumpeters Theory of Eco-Devt=f(creation of new firm)=f-New combination + Tech changes * Endogenous Regional Development (spill over effects Romers Gr. Model Kirzners Entrepreneur i.e. knowledge of availabilty of information of mkt

-Network/ Strategic Alliance (Hybrid Form) -Incubator Development -Evolutionary Some are more innovative than others

-Modes of New Enterprise Success and Failure =f(Entrepreneurs Psycho Traits) -Corporate Entrepreneurship (Development of New Products)

MACRO (GlobalCountry Level)

-Webers Theory of Eco Development = f(Cultural Factors) -Social Change Characteristics : Degree of mobility Population Ecology * Institutional