Introduction To Entrepreneurship: Prepared For Class Discussion by Prof.S.Suryanarayanan

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Introduction to entrepreneurship

Prepared for class discussion by

Prof.S.Suryanarayanan
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ENTREPRENEURSHIP --definition
A dynamic process of vision, change and creation that requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions.

entrepreneurship is not confined only to creation of enterprises, but also includes creation of the capacity to produce wealth, jobs and income, which are the most direct indicators of economic development Entrepreneurship is neither a science nor art. It is a practice. It has a knowledge base. Knowledge in entrepreneurship is a means to an end; that is, by practice.

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Can entrepreneurship be taught? Entrepreneurial employee


(ENTREPRENEURIAL PROFILE 1. Self confidence 2. Sense of value to freedom and highly disciplined ( create greater value without interference ) 3. Hard work and goal oriented 4. Flexible ,opportunist and recognise power of emergence 5. Egolessness 6. Profit ( for wealth creation ) )

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Entrepreneurship categories
Entrepreneurship by chance ( Dr Kurien, Narayana murthy ) Entrepreneurship by need ( Karsanbai Patel ) Entrepreneurship by choice (K Raghavendra Rao )

Entrepreneurship by force ( family business,self employed )


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Evolution of entrepreneurship in India


Pre British period British period Post independence- Nehruvian period( 1947-64) Post independent Indira Gandhi period-( 1965 1984) Rajiv Gandhi/Coalition era Liberalization (1990s) Millennial, IT and service sector boom( post 2000)
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Challenges of Entrepreneurship
Lack of effective eco system support Inadequate incubation facilities Education and Training Mentoring and coaching Infrastructure challenges Cultural bottlenecks Regulatory challenges High entry barrier working with Government
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(draft)NATIONAL ENTREPRENEURSHIP POLICY


Vision: To place India in the comity of front ranking entrepreneurial and innovative nations.

Mission: To create an eco-system in India wherein opportunity based and innovative entrepreneurship germinates, sustains and grows leading to creation of a more dynamic and entrepreneurial economy.
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Global Entrepreneurship Monitor


www.gemconsortium.org The Global Entrepreneurship Monitor (GEM) project is an annual assessment of the entrepreneurial activity, aspirations and attitudes of individuals across a wide range of countries.

GEMs finding on India Job Growth expectation is second lowest in world ranking On innovation fourth lowest International orientation low

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Few important links


1.News stories on entrepreneurs of emerging business
http://economictimes.indiatimes.com/news/emergingbusinesses/entrepreneurs/articlelist/11993034.cms

http://www.thehindubusinessline.com/system/topicRoot/Emerging _Entrepreneurs/

2.Online resource centre to empower small business http://india.smetoolkit.org/india/en


Blog; surisuryanarayanan.blogspot.com
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(few )Recommended books


1. 2. 3. 4. Stay Hungry Stay Foolish by Rahmi Bansal Connect the dots by Rashmi Bansal The Game Changers by Rahul Kumar The High performance entrepreneur by Subrato Bagchi 5. SimplyFly by Capt. Gopinath 6. The TCS story and beyond by S Ramadorai
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