3 Entrepreneurship Development

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    1 SWARNANDHRA SCHOOL OF MANAGEMENT STUDIES NARSAPURAM

    ENTREPRENEURSHIP DEVELOPMENTENTREPRENEURSHIP DEVELOPMENTENTREPRENEURSHIP DEVELOPMENTENTREPRENEURSHIP DEVELOPMENT

    1. Entrepreneur: Entrepreneur is a person who initiates,

    Organise, manage and control the affairs of a business unit

    that combines the factors of production to supply goods a

    services, whether the business pertains to agriculture,

    industry, trade or profession.

    2. Enter pride : Enterprise may be defined as an

    undertaking or adventure Involving uncertainly and risk

    and requiring innovation.

    3. Entrepreneurship : It is the function of handling

    economic activity, undertaking Risk creating something

    new and organizing and Coordinating resources.

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    4. Entrepreneurs : The persons who resigned from their

    well paid executives Portions to launch their own ventures.

    5. Entrepreneurial culture : It implies a set of

    values, norms and traits that are conductive to the growth

    of entrepreneurship.

    6. Project :A proposal involving capital investment for the

    purpose of developing facilities to provide goods or

    services.

    7. Project identification : It is concerned with the

    collective, compilation and analysis Of economic data for

    the external purpose of locating possible opportunities for

    investment and with the development of the cartelistic of

    such opportunities.

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    8. Project Objectives :Project objectives are concerned

    with what the project is expected to achieve and to providea measure of performance for the project as a whole.

    9. Project formulation : It is the systematic development

    of a project idea for the Eventual objective of arriving at an

    investment decision.

    10. Project design : Project design enables to identify the

    flow of events which Must take place for the successful

    completion of the project.

    11. Woman Entrepreneurs : It is defined as an

    enterprise owned and controlled by a Woman and having a

    minimum financial interest of 51% of The capital and

    giving at least 51% of the employment Generated in the

    enterprise to women.

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    12. Social cost Benefit Analysis : It is a process of

    evaluating a project from the point of view of the totalimpact which the project will have on the economy of the

    nation.

    13. Fabian Entrepreneurs : This type of entrepreneurs

    are very cautious and skeptical while practicing any

    change. They are not much interested in taking risk and

    they try to follow the footsteps of their predecessors.

    14. Drone Entrepreneurs : Drone Entrepreneursare those refusal to adopt and use opportunities to make in

    changes in production.