Forms of Business Ownership The perspective entrepreneurs need to identify the legal structure that will best suit the demands of the venture before deciding how to organize an operation for business. For establishing a business the most important task is to select a proper form of organization as the conduct of business, its control, […]
Theories of Entrepreneurship 1) X-Efficiency Theory by Leibenstein Harvey Leibenstein was a Ukrainian-born American Jewish economist. One of his most important contributions to economics was the concept of x-efficiency. The concept of x-efficiency is also used in the theory of bureaucracy. In economics, x-efficiency is the effectiveness with which a given set of inputs are used to produce outputs. If […]
The Importance of Social Entrepreneurship for Development Especially since Muhammad Yunus, founder of the Grameen Bank and a renowned example of a social enterprise, won the Nobel Peace Price in 2006 there is increasing interest in social entrepreneurship for development yet the current academic literature does not provide is a sufficient link between social […]
Social entrepreneurship Meaning Social entrepreneurship is the attempt to draw upon business techniques to find solutions to social problems. This concept may be applied to a variety of organizations with different sizes, aims, and beliefs. The social entrepreneur is a mission-driven individual who uses a set of entrepreneurial behaviours to deliver a social value to the less […]
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. […]
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