Entrepreneurship b.v.raghunandan
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Transcript of Entrepreneurship b.v.raghunandan
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Entrepreneurship
Department of Post-Graduate Studies,Besant College, Mangalore
December 1, 2016
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Definition of Entrepreneurship
• Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called 'entrepreneurs'
Tanti of Suzlon
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Traditionally, Who?
• Coming up with a business idea• Putting in capital• Organising men and material• Filling up the marketing gap• Connecting consumers with productive mechanism• Making a profit through risk-taking
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Broadening the Contours: Employees & Executives
• People coming up with ideas
• Establishing a good HR Practice
• Coming up with new processes
• Reducing the cost of existing products
• Enhancing the quality of products and services
• Enhancing consumer comfort
• Turn-Around Whiz-Kids• Venture Capitalist Anu Agha of Thermax Ltd
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Individual Entrepreneur: the Best Model
• Made to Order• Freshness• Lower Price• Not damaging
environment• Protection of
Consumer Health• Open Production• Easy Access• Quick Service
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Corporate Model: Corrupt Model• Disconnect with consumers• Indifferent to interests of
consumers• Demand creation at any cost• Damaging consumer health• Environmental Pollution• Health hazards for
employees• Breach of Government
Regulations
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Impediments to Entrepreneurship• Hostile Government• Unenterprising Bureaucrats• Prejudice against business• Unjustifiable licensing
policy• Ever-changing taxation• Lack of infrastructure• Inter-departmental penalty• Lack of Entrepreneurial
perspective on the part of nation
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Social Entrepreneurship
• Business that is socially relevant and run for a profit
1) Solid Waste Management2) Solar Energy and Reverse
Metering3) Micro-Power Generation4) Organic Farming5) Training Institutes6) Running orphanages &
old age homes7) Anti-corruption Bureau
and RTI Activism
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Guide to Entrepreneurship
• Honesty and Integrity• Compassion for people
working for you• Not causing loss to any
counter-party to the contracts entered into
• Complying with Government Regulations voluntarily and doing more
• Avoiding unnecessary risks and costs
• Innovative• Shedding Hubris Jaswantiben Jamnadas Popat
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Thank You