Entrepreneurship Development

Role Models of Woman Entrepreneurs Or Profiles of successful Women Entrepreneurs   1. Kiran Mazumdar Shaw Kiran Mazumdar Shaw (born 23 March 1953) is an Indian entrepreneur.She is the chairman and managing director of Biocon Limited, a biotechnology company based in Bangalore (Bengaluru), India and the current chairperson of IIM-Bangalore. She is on the Financial Times’ top 50 women in business list. As of 2015, […]

Women Entrepreneurship in India   The Indian Government has adapted the principle of Women’s equality in all spheres of life. Since Independence several steps has been taken by the government for the progress of women through successive Five Year Plans. The draft of Sixth Five Year Plan for the first time, incorporated a new chapter […]

Women Entrepreneurs   Women Entrepreneurs may be defined as the women or a group of women who initiate, organize and operate a business enterprise. Government of India has defined women entrepreneurs as an enterprise owned and controlled by a women having a minimum financial interest of 1% of the capital and giving at least 51% […]

The Entrepreneurial Process   The process of creating something different, with value, by devoting necessary time and effort by assuming the accompanying financial, psychological and social risks, and receiving the resulting rewards of monetary and personal satisfaction . The process has four distinct phases : 1. Identification and evaluation of the opportunity This is the […]

Traits/Qualities of Successful Entrepreneurs   1. Full of determination To be a successful entrepreneur it is important to set clear goals along the way. Growing business, increasing sales and hiring new employees require several micro-goals within them to be executed successfully.This type of workload and challenge is enough to stop many people from pursuing the […]

MANAGERIAL Vs ENTREPRENEURIAL DECISION MAKING   The difference between the entrepreneurial style and the managerial style (administrative domain) involves five business dimensions. A.Strategic Orientation 1. The entrepreneur’s strategic orientation depends on his or her perception of the opportunity. 2. When the use of planning systems is the strategic orientation, the administrative domain is operant. B. […]

Factors impacting emergence of Entrepreneurship   Various researchers world over have identified the factors that contribute to the development of entrepreneurship. Economists agree that the lack of entrepreneurs is not caused by economic conditions alone. It is also due to the whole set of socio-cultural and institutional environment prevailing in the less developed countries. Various […]

Functions of an Entrepreneur   The important functions performed by an entrepreneur are listed below: 1. Innovation An entrepreneur is basically an innovator who tries to develop new technology, products, markets, etc. Innovation may involve doing new things or doing existing things differently. An entrepreneur uses his creative faculties to do new things and exploit […]

Types of Entrepreneurs The various types or entrepreneur are classified as under: (1) According to the Type of Business: (i) Business entrepreneur Business entrepreneurs are those entrepreneurs who conceive the idea of a new product or service and then translate their ideas into reality. Entrepreneur examines the various possibilities of sources of finance, supply of labor, […]

Factors affecting Entrepreneurship   Entrepreneurship is a complex phenomenon influenced by the interplay of a wide variety of factors. The entrepreneurial activity at any time is dependent upon a complex and varying combination of economic, social, political, psychological and other factors. These factors may have been both positive and negative effluences on the emergence of […]