Presentation outline:
-Student group member details with title
-Outline of the Presentation
-Introduction and background
-Define Entrepreneur and Entrepreneurship
-Difference between Entrepreneurs and Traditional Businessmen
-Difference between Entrepreneurs and Intrapreneurs
-Difference between Entrepreneurs and Manager
-Assessment of an actual entrepreneur -Bill Gates (Founder of Microsoft)
- entrepreneurial traits
- behaviour towards Creativity and Persuasiveness, environment, family and friends
- attributes(Initiative , Perceiving opportunities, Persistence, Information gathering, Concern for quality work, Commitment to contractual obligations, Efficiency orientation, Planning, Problem solving and decision making process, Self-confidence, Self-critical, Persuasion, Assertiveness, Monitoring, Credibility, Concern for employee welfare, Impersonal relationship, Expansion of capital base, Building product image, selfmotivation, Willingness to fail etc.)
- Factors influencing entrepreneur
- attitudes such as Flexibility and Open-Mindedness, Vision, Risk Tolerance, Superb Business Skills, Versatility
- educational and professional qualifications
- experiences
- culture
- outcomes in the business
- leadership style
- motivational style
- Idea generation
- Determination of business objectives
- entrepreneur's level of creativity
- ability to handle the innovation process
- Rising of funds
- Procurement of machines and materials
- Market research
- Determining form of enterprise
- Recruitment of manpower
- Implementation of the project
- Risk handling capacity ( risk management)
- Increase in the standard of living
- Brings change in the structure of business and society.
- Brings New products, services and business.
- Support law and professional code
- Follow business ethics
- Involve in pedagogical Inquiry
- Mobilization of the idle resources
- Barriers to Entrepreneur
- Judgement of current business - Entrepreneur performance
A. General Criteria
i. Is his idea legal?
ii. What is its environmental impact?
iii. Is it safe?
iv. Is it high quality?
v. Will it have wide social acceptance?
vi. Will it have any negative impact?
vii. Leadership status
viii. Motivational styles status
ix. Is he organised?
x. Is he prepared to work long hours?
B. Industry Criteria
i. Who is nearest competitor?
ii. Does his product require the assistance of existing products?
iii. Is there just one product or a line of products?
iv. Will pricing be competitive?
C. Market Criteria
i. Does his idea fit into a trend?
ii. Is there a need for it?
iii. Is it seasonal?
iv. Is it a fad, or does it have long-term value?
v. Who will buy it?
vi. Does it need instructions?
D. Product Criteria
i. How much will it cost to get his idea to market?
ii. Does it require service or maintenance?
iii. Is there a warranty?
iv. Does it need packaging?
v. Is it the simplest and most attractive it can be?
- Empowerment of teams
- Alignment of results
- Communication optimization level
- Enforce discipline
- Measuring performance
- Evaluate feedback
- Acquire knowledge
- Manage uncertainty
- Evolve practices
- Growth
- Business model
- product development review
- Team
- Clients
- Financial report review
- Stakeholder feedback
- Investors relationship
- Role of an Entrepreneur in Economic development
- Entrepreneurship Theories followed (Economic Entrepreneurship Theories,
Psychological Entrepreneurship Theories, Sociological Entrepreneurship Theory, Anthropological Entrepreneurship Theory, Opportunity-Based
Entrepreneurship Theory , Resource- Based Entrepreneurship Theories)
- Models or theories of creativity and innovation ( componential theory of organisational creativity and innovation, interactionist perspective of organisational creativity, model of individual creative action, theorizing on cultural differences and creativity, four factor theory of team climate for innovation, ambidexterity theory, Joseph Schumpeter's innovation theory, Drucker - 7 sources of innovation theory, Kondratiev - waves of innovation, rogers- diffusion of innovation theory)