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    Introduction To Entrepreneurship: by Beenish Qureshi Visiting Faculty NED University

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    Hermain Fayyaz Karim
    This document provides an introduction to entrepreneurship. It discusses the importance of entrepreneurship, defining it as pursuing opportunities without regard to current resources. It notes that entrepreneurial activity is highest in low-income countries due to lack of other job opportunities. The document outlines the characteristics of corporate entrepreneurship within established firms and discusses what entrepreneurs do, such as bringing growth, increasing competition, creating jobs, and adding value to society. Sessional marks distribution, textbook information, and chapter objectives are also included in the document.

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    Introduction To Entrepreneurship: by Beenish Qureshi Visiting Faculty NED University

    Uploaded by

    Hermain Fayyaz Karim
    21 views17 pages
    This document provides an introduction to entrepreneurship. It discusses the importance of entrepreneurship, defining it as pursuing opportunities without regard to current resources. It notes that entrepreneurial activity is highest in low-income countries due to lack of other job opportunities. The document outlines the characteristics of corporate entrepreneurship within established firms and discusses what entrepreneurs do, such as bringing growth, increasing competition, creating jobs, and adding value to society. Sessional marks distribution, textbook information, and chapter objectives are also included in the document.

    Original Title

    Lecture 1

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    This document provides an introduction to entrepreneurship. It discusses the importance of entrepreneurship, defining it as pursuing opportunities without regard to current resources. It notes that entrepreneurial activity is highest in low-income countries due to lack of other job opportunities. The document outlines the characteristics of corporate entrepreneurship within established firms and discusses what entrepreneurs do, such as bringing growth, increasing competition, creating jobs, and adding value to society. Sessional marks distribution, textbook information, and chapter objectives are also included in the document.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views17 pages

    Introduction To Entrepreneurship: by Beenish Qureshi Visiting Faculty NED University

    Uploaded by

    Hermain Fayyaz Karim
    This document provides an introduction to entrepreneurship. It discusses the importance of entrepreneurship, defining it as pursuing opportunities without regard to current resources. It notes that entrepreneurial activity is highest in low-income countries due to lack of other job opportunities. The document outlines the characteristics of corporate entrepreneurship within established firms and discusses what entrepreneurs do, such as bringing growth, increasing competition, creating jobs, and adding value to society. Sessional marks distribution, textbook information, and chapter objectives are also included in the document.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 17

    Introduction to

    Entrepreneurship
    By
    Beenish Qureshi
    Visiting Faculty NED University
    Self Introduction
    Sessional Marks Distribution

    • Quiz 20 marks
    • Short Assignments 10 marks
    • Vlogs 10 marks
    Attendance and Exams
    • Attendance and CP is automatically marked when you will join the class
    • For Final and Mid term exam we will talk later
    Prescribed textbook

    • Entrepreneurship: Successfully Launching New Ventures: Bruce R. Barringer / R. Duane


    Ireland
    Need For Entrepreneurship

    • What do you people think that Entrepreneurship is important to teach in university?


    A key reason for Entrepreneurship study is that in many parts of the world, studying and practicing
    entrepreneurship are very exciting and potentially high rewarding practices for both entrepreneurs and
    the nations in which they launch their ventures and conduct their operations
    SMEDA research

    • Why do engineers need to be Entrepreneur?


    The lure of entrepreneurship is the ability to create products and services that enhance people’s lives
    The Two Basic Mindsets That Shape Our Lives
    Chapter Objectives
    1 of 2

    1. Explain entrepreneurship and discuss its importance.


    2. Describe corporate entrepreneurship and its use in established firms.
    3. Discuss three main reasons people decide to become entrepreneurs.
    4. Identify four main characteristics of successful entrepreneurs.
    5. Explain five common myths regarding entrepreneurship.
    Chapter Objectives
    2 of 2

    6. Explain how entrepreneurial firms differ from salary-substitute and lifestyle firms.
    7. Discuss the changing demographics of entrepreneurs in the United States.
    8. Discuss the impact of entrepreneurial firms on economies and societies.
    9. Identify ways in which large firms benefit from the presence of smaller entrepreneurial
    firms.
    10. Explain the entrepreneurial process.

    1-9
    Introduction To Entrepreneurship
    • There is tremendous interest in entrepreneurship around the world
    • There is evidence supporting it, some of which is provided by the Global Entrepreneurship
    Monitor (GEM)
    • Of particular interest to GEM is early stage entrepreneurial activity, which consists of
    businesses that are just being started and businesses that have been in existence for less
    than three and a half years
    • According to GEM research, the highest rates of entrepreneurial start-up activities occur in
    low-income countries, where good jobs are not plentiful
    • The majority of people in high-income countries are drawn to entrepreneurship to take
    advantage of attractive opportunities.
    • The reverse is true of people in low-income countries, who tend to be drawn to
    entrepreneurship primarily because of necessity (resulting from a lack of career prospects)
    What Is Entrepreneurship?

    • The word entrepreneur derives from the French words entre, meaning “between,” and
    prendre, meaning “to take.”
    • The word was originally used to describe people who “take on the risk” between buyers
    and sellers or who “undertake” a task such as starting a new venture
    • Entrepreneurship is defined as the process by which individuals pursue opportunities
    without regard to resources they currently control for the purpose of exploiting future
    goods and services
    • A venture capitalist Fred Wilson, define it more simply, seeing entrepreneurship as the art
    of turning an idea into a business
    Corporate Entrepreneurship

    • Established firms with an orientation toward acting entrepreneurially practice is Corporate


    Entrepreneurship
    • All firms fall along a conceptual continuum that ranges from highly conservative to highly
    entrepreneurial
    • The position of a firm on this continuum is referred to as its entrepreneurial intensity
    • Entrepreneurial firms are typically proactive innovators and are not averse to taking
    calculated risks. In contrast, conservative firms take more of a “wait and see” posture, are
    less innovative, and are risk averse
    What do Entrepreneurs do

    • It brings growth to the economy


    • It makes the market more competitive
    • Make individual firms more creative and productive
    • It creates job
    • It adds value and welfare for the members of the society
    Thankyou

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