An Overview of Entrepreneurship: Types, Roles, and Challenges

1. WELCOME

2. TOPIC: ENTREPRENEURSHIP DATE: PRESENTED BY: P. R. Ramji, M.M.S., Assistant Professor.

3. Introduction • The word ‘entrepreneur’ is derived from the French word ‘Entreprendre’ meaning to undertake. • In fact, in the 16 th century, the Frenchmen who undertook military expeditions were referred to as ‘Entrepreneurs’. Later on, in the18the century, this term got associated with a person who started their own enterprises.

4. Definition • According to Webster, “Entrepreneur is who assumes risk and management of business” • According to J.B.Say “an entrepreneur is the economic agent who unites all means of production”

5. Characteristic of entrepreneur • Hard work • Prudence • keep foresight • Innovativeness • Risk taking • maintenance • Highly optimistic • Keep foresight • Planning and organising ability • Business acumen and sincerity • achievement motivation

6. Function n of entrepreneur

7. Types of entrepreneur

8. Innovative entrepreneur. An innovative entrepreneur is one who is able to foresee potentially viable and profitable opportunities through innovation. • Introduction a new product • Introduction a new methods • Opening of new market. • Introduction of a new quality of an existing product

9. Adoptive entrepreneur • Imitative entrepreneur is one who is ready to adopt the successful innovation already inaugurated by innovating entrepreneurs. In other words an imitative entrepreneur does not innovative anything by himself, but he only imitates techniques and technologies innovated by others. ready to adopted entrepreneur.  does’t innovative by himself, he imitative techniques and technologies of others

10. Fabian entrepreneur • Fabian entrepreneur is one who adopts a great caution and skepticism in introducing any change in business. Normally he has neither the will to introduce any new changes not the desire to adopt new methods. He is dominated more by customs, religions, tradition and past practices and he is not ready to take any risk at all.

11. Drone entrepreneur • Drone entrepreneur is one whoblindly follows the traditional methods of production evern when it causes loss him. He continues to carry out his business in the traditional way even when he suffers losses. For example the coin industry in Kerala is dominated by the drone entrepreneurs.

12. Entrepreneur vs intrapreneur

13. Role of entrepreneur • Coordinating role • Agents role • Role of innovation • Role of assumption • Imitating role • Balancing role • Employment generation role • Export promotion role • Capital formulation entrepreneur • Status transformation entrepreneur.

14. Women entrepreneur • Women entrepreneurship is the process where women organise all the factors of production, undertake risks, provide employment to others. The definition of women entrepreneurship has never been differentiated on the basic of sex and hence could be extended to women entrepreneurs without any restrictions.

15. Types of women entrepreneurs • Chance entrepreneurs • Natural entrepreneurs • Created entrepreneurs • Forced entrepreneurs • Benami entrepreneurs

16. Chance entrepreneurs these entrepreneurs start business without any preparation clear goals or plans. The happen to grab the opportunities which they comes across. • Natural entrepreneurs the entrepreneurs take business as a profession on their own by self planning or motivated through profit factors and also keeping themselves busy.

17. Forced entrepreneurs the women who are compelled by circumstances such as the death of father or husband to take over the existing business are called as forced entrepreneurs • Benami entrepreneurs those who act as facade for business of their husband or brother.

18. Problem of women entrepreneurs • The problems of women entrepreneurs in India are immense and complex. They are face more serious problems are faced by women entrepreneurs. Some important problems face by women entrepreneurs . • No independence • Social attitude • Low literacy • Low risk bearing capacity • Dual responsibility • Financial constraints

19. Remedial measures women entrepreneur • Vocational education • Entrepreneurship • Accessibility to information • Separate publication • 100% finance • Access to technology • Simple formalities • Women cooperatives

20. SSIs • SSI- small scale industry • In India economy small scale and cottage industries occupy an important place, because of their employment potential and their contribution total industrial output and export. • Government of India has taken a number of steps to promote them. However with the recent measures, small scale and cottage industries s facing both internal competition as well as external competition.

21. Importance of SSI • Employment generation. • Use of local raw material • Balanced regional development • Decentralisations of industries • Mobilisation of capital • Developing entrepreneurship • Equitable distribution of wealth • Trainings ground for local entrepreneurs • Efficient use of productive factors • Promotion of export.

22. Problems of starting SSI • Lack of finance • Competition • Import policy • Smuggling • Problems of raw material • Old methods of production • Lack of marketing facility • Lack of qualified staff • Lack of standardization • High cost of production • Lack of storage facilities

23. Steps for starting SSI • Product Identification • Form of ownership • Location of units • Approvals • Clearances • Arrangement of finance • Starting production • Market the production.

24. Thank you