Presentation On Motivations and Types of Entrepreneur, Association of Entrepreneurial Activity and Economic Growth GEM 2002

PRESENTATION ON MOTIVATIONS AND TYPES
OF ENTREPRENEUR, ASSOCIATION OF
ENTREPRENEURIAL ACTIVITY AND ECONOMIC
GROWTH
GEM 2002
Presented to NOMAN ARSHED
GROUP MEMBERS ARE:
SAAD SHAFIQUE
FAHAD MANZOOR
WAQAS AHMAD
BAKHTAWAR SHAH
WHAT IS MOTIVATIONS ?
• Motivation is an indispensable function of management.
• Motivation refers to the process that initiates, guides and maintains goal
oriented behavior
• In basic Word’s ‘‘ A reason or reasons for acting or behaving in a particular

way’’.
What is Entrepreneurship?
• The process of launching, developing and running a business venture along

with its financial risks is called entrepreneurship.
• In simple terms, it is the willingness to launch a new business venture. It is very

important for the economic development of the expanding global
marketplace. A person who undertakes entrepreneurship is called
an Entrepreneur.
Types of Entrepreneurship ?
Small business entrepreneurship

• In today’s world, the majority of businesses are still small businesses.
• They are mostly barely profitable, but they make profits only to make a living and
support their families. Such businesses lack the scale to attract venture
capital and they are funded via friends/family or small business loans.
• Examples of small business entrepreneurship include hairdressers, grocery stores,

electricians, carpenters, plumbers, consultants, etc.
Types of Entrepreneurship
Scalable Startup Entrepreneurship

• In this type of entrepreneurship, entrepreneurs start their company believing
that their vision can change the world. Their funding comes from venture
capitalists and they hire the best employees.
• Scalable startups only make up a small proportion of all businesses due to the
risk capital and outsize returns.
• Examples of scalable startup entrepreneurship include Facebook, Instagram,

Online shopping for electronics, etc.
Large Company Entrepreneurship

• Large companies through sustaining innovation, offering new products that
are variants around their core products. New products are developed in order
to meet with changing customer needs and advanced technology. Often,
companies do this by partnering with or buying innovative companies.
• Examples of large company entrepreneurship include Google, Microsoft,

Samsung, etc.
Social Entrepreneurship
• Social entrepreneurship is where an entrepreneur creates products and
services to solve social needs and problems. They can be non-profit, profit or
hybrid.
• One example of social entrepreneurship is an organization named Safepoint

Trust by Marc Koska, which works to redesign medical tools and introduce
inexpensive non-reusable syringes for underfunded clinics around the world.
Role of Entrepreneurship in Economic Growth
• 1. Promotes Capital Formation

• 2. Creates Large-Scale Employment Opportunities
• 3. Promotes Balanced Regional Development
• 4. Reduces Concentration of Economic Power
• 5. Wealth Creation and Distribution
• 6. Increasing Gross National Product and Per Capita Income
• 7. Improvement in the Standard of Living
• 8. Promotes Country's Export Trade
• 9. Induces Backward and Forward Linkages
• 10. Facilitates Overall Development
1. Promotes Capital Formation

• Entrepreneurs promote capital formation by mobilizing the idle savings of public their finacers.
• They employ themselves as well as borrowed resources for setting up their enterprises. Hired
employees workers etc.
2. Creates Large-Scale Employment Opportunities
• Entrepreneurs provide immediate large-scale employment to the unemployed which is a major problem
of underdeveloped nations.
3. Promotes Balanced Regional Development

• Entrepreneurs help to remove regional disparities through setting up of industries in less developed and
backward areas. The growth of industries and business in these areas lead to a large number of public
benefits like road transport, health, education, entertainment, etc.
4. Reduces Concentration of Economic Power
• Industrial development normally leads to concentration of economic power in the hands of a few
individuals which results in the growth of monopolies.
• In order to redress this problem a large number of entrepreneurs need to be developed.
5. Wealth Creation and Distribution

• It stimulates equitable redistribution of wealth and income in the interest of the country to more
people and geographic areas, thus giving benefit to larger sections of the society.
6. Increasing Gross National Product and Per Capita Income

• Entrepreneurs are always on the lookout for opportunities. They explore and exploit opportunities,
encourage effective resource mobilization of capital and skill, bring in new products and services and
develops markets for growth of the economy. In this way, they help increasing gross national product as
well as per capita income of the people in a country.
6. Improvement in the Standard of Living

• Increase in the standard of living of the people is a characteristic feature of economic growth of the
country. Entrepreneurs play a key role in increasing the standard of living of the people by adopting
latest innovations in the production of wide variety of goods and services in large scale that too at a
lower cost.
7. Improvement in the Standard of Living

• Increase in the standard of living of the people is a characteristic feature of economic growth of the
country. Entrepreneurs play a key role in increasing the standard of living of the people by adopting
latest innovations in the production of wide variety of goods and services in large scale that too at a
lower cost.
8. Promotes Country's Export Trade
• Entrepreneurs help in promoting a country's export-trade, which is an important ingredient of
economic development.
9. Induces Backward and Forward Linkages

• Entrepreneurs like to work in an environment of change and try to maximize profits by innovation.
When an enterprise is established in accordance with the changing technology, it induces backward and
forward linkages which stimulate the process of economic development in the country.
10. Facilitates Overall Development

• Entrepreneurs act as catalytic agent for change which results in chain reaction by multiplying their
entrepreneurial activities, thus creating an environment of enthusiasm and conveying an impetus for
overall development of the area

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PRESENTATION ON MOTIVATIONS AND TYPES

• Motivation is an indispensable function of management.

• In basic Word’s ‘‘ A reason or reasons for acting or behaving in a particular

• The process of launching, developing and running a business venture along

• In simple terms, it is the willingness to launch a new business venture. It is very

Small business entrepreneurship

• Examples of small business entrepreneurship include hairdressers, grocery stores,

Scalable Startup Entrepreneurship

• Examples of scalable startup entrepreneurship include Facebook, Instagram,

Large Company Entrepreneurship

• Examples of large company entrepreneurship include Google, Microsoft,

• One example of social entrepreneurship is an organization named Safepoint

• 1. Promotes Capital Formation

1. Promotes Capital Formation

3. Promotes Balanced Regional Development

5. Wealth Creation and Distribution

6. Increasing Gross National Product and Per Capita Income

6. Improvement in the Standard of Living

7. Improvement in the Standard of Living

9. Induces Backward and Forward Linkages

10. Facilitates Overall Development

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