ENTREPRENEURSHIP QUIZ

Contributed by: Prof. Anjan Rai Chaudhuri,

Indian Institute of Management, Calcutta

ABRAHAM LINCOLN

WALL STREET

CHARLES DARWIN

HENRY BESSEMER FLORENCE NIGHTINGALE KARL MARX

GUESS WHEN WERE THEY

ACTIVE ?

GUESS WHEN ?

MANGAL PANDEY SEPOY MUTINY

How is current day to dayexistence different from

1860 ?

All of them were between 1850 - 1860

HOW DID THIS HAPPEN?

NONE OF THESE EXISTED

HOW DID THIS HAPPEN?

THOMAS A. EDISON

HENRY FORD

WALT DISNEYHENRY

HEINZ

ESTEE LAUDER

•Wanted a better quality of life

•Had a vision of the future

•Experimented & Constantly Improved their offer

•Sought help from others

•Ignored negative views

•Not deterred by setbacks

•What is Common among these people

*Background?

*Their approach?

BACKGROUND

MONEY?

EDUCATION?

AGE?

WORK EXPERIENCE?

STAN SHIH RICHARD BRANSON

EDISON AMAR BOSE

HENRY HEINZRAY KROC

BILL GATES WALTON

HOW HAVE THEY BUILT SUCHGREAT BUSINESS EMPIRES?

IS THERE A METHOD IN THEIR MADNESS?

THE ENTREPRENEURSHIP PROCESS

SPOTTING OPPORTUNITY

IDENTIFYING RESOURCES

ACQUIRING RESOURCES

CREATING & MANAGING A

VENTURE

(CAPTURING OPPORTUNITY WITHOUT OWNING RESOURCES)

WHAT ARE THE REWARDS

OF BEING

AN ENTREPRENEUR?

THE REWARDS OF BEING AN ENTREPRENEUR

HIGH DEGREE OF INDEPENDENCE – FREEDOM

FROM CONSTRAINTS

GET TO USE A VARIETY OF SKILLS AND TALENTS

FREEDOM TO MAKE DECISIONS

ACCOUNTABLE TO ONLY YOURSELF

OPPORTUNITY TO TACKLE CHALLENGES

FEELING OF ACHIEVEMENT AND PRIDE

POTENTIAL FOR GREATER FINANCIAL REWARDS

WHAT ARE THE

CHALLENGES FACED

BY AN ENTREPRENEUR?

THE CHALLENGES OF BEING AN ENTREPRENEUR

MUST BE COMFORTABLE WITH CHANGE AND

UNCERTAINTY

MUST MAKE A BEWILDERING NUMBER OF

DECISIONS

MAY FACE TOUGH ECONOMIC CHOICES

MUST BE COMFORTABLE WITH TAKING RISKS

NEED MANY DIFFERENT SKILLS AND TALENTS

MUST BE COMFORTABLE WITH THE POTENTIAL

OF FAILURE

VINOD KHOSLA

SUNIL MITTAL

NARAYANA MURTHY

AJIT BALAKRISHNAN

•IZZAT

•MAZAA

•MATLAB

HOW DO YOU BOIL A FROG?

*PUT IT IN ORDINARY WATER*HEAT IT SLOWLY*IT DOES NOT REACT TO THE

CHANGE*ULTIMATELY GETS BOILED

Entrepreneurs are not frogsSee opportunities in change

CHANGES

Competitors

IntermediariesP

ub

lics

Su

pp

lier s

DemographicEconomic

TechnologicalNatural

PoliticalLegal

SocialCultural

Company

SO WHAT IS YOUR GREAT BUSINESS IDEA?SO WHAT IS YOUR

GREAT BUSINESS IDEA?