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Entrepreneurship and Its Significance in Corporation

(ir) (u*++d ,+r
-overn+ent College ,niversity .*ore
,+r+ir)'/g+il.0o+

Abstract
1ntrepreneurs*ip 2e opti0lly dis0erned in wide rnge o3 ts4s. 5*ese ts4s 0n 2e in0luded 3ro+
pristineinnovtion to +undne 0tivities. 1ntrepreneurs*ip 0n 2e 3ound not only independentlynd individully%
rt*er in ll orgni)tions 2e t4en stout*erted de0ision nd e33e0t onresour0es 0o+position nd llo0tion.
1ntrepreneur wit*in t*e orgni)tion is s su2strtu+ o3 +nge+ent. 1ntrepreneurs*ip is not 0tegori0l
ttri2ute in entrepreneurpersonlity. 1ntrepreneurs*ip is into two 3or+s entrepreneurs*ip 3ree nd independent
wit*in t*e orgni)tion. 1ntrepreneurs*ip in every orgni)tion is0onsists t*e rpid elevte o3 in0ipient
0o+petitors% engender 3eeling o3 distrust t*n trditionl +et*ods in 0o+pnies% e6iting t*e 2est wor4 3or0e
3ro+ 0o+pnies nd t*eir 0tion toindependent entrepreneurs*ip. In t*is rti0le it dels to entrepreneuril stte
nd its0on0ept% entrepreneurs*ip environ+ent nd its 2ene3its

Introduction
5*e +ost pr+ount 0*r0teristi0s o3 tody7s world is e6tensive 0*nges% in0re+ented intri00ynd 0o+petition.
(odern orgni)tions do 0tivity in intri0te environ+ent nd in t*e +enti+edyn+i0 (84*vn 2004!.
(ssive nd perpetul trns3or+tions re 0*r0teristi0s o3 t*isenviron+ent nd 2usiness environ+ent t*t does
*ig*lig*ts essentility o3 +ore ttention to*r+ony wit* t*e environ+ent. So+et*ing until 3ew de0des go
ws 0onsidered in0ludedest2lis*ing nd +intining en2led i++ensely 0olossl enterprises nd rgues su0* s
w*tever t*ese0o+pnies 2e +ore i++ensely 0olossl% dyn+i0 will 2e e0ono+y nd +ore puissnt (8r+strong
2006!. 8lt*oug*over +ny de0des 3louris*ed t*is 0ere2rting nd 0o++en0ed to pper 0y0lopen 0o+pnies.
9ut re0entdevelop+ents nd espe0illy popultion pressures% every +o+ent innovtions% perple6+nge+ent
nd de0ision +4ing pro0esses% re:uire i++edite de0isions% 0tivities o3 +inute nd+ediu+ 2usinesses *s
s*own t*e 0onse:uentility o3 +inus0ule 3ir+s. ;*eres e0ono+i0 units o3 privtese0tor re s 3or+tion nd
+gni3i0tion% t*e +ost 0onse:uentil 30tor survivl nd t*eir potentpresen0e in internl nd interntionl
e0ono+i0 re develop+ent s +u0* s t*e+ nd *vingentrepreneuril ppro0* to su2<e0t nd *ving 0o*erent
pln nd orgni)ed in t*is regrd. (PrtovNi 20&=!
Previous >eser0*
&. I+ni Pour in 200? is per3or+n0e reser0* s @5*e reltions*ip 2etween trends to0o+pny
1ntrepreneurs*ip nd per3or+n0e in t*e Irnin inde+ni3i0tion 0o+pnies sellinginde+ni3i0tion gen0ies@.
>esults denoted t*t trends to 0o+pny 1ntrepreneurs*ip *ve positive nd0onse:uentil 0orreltion wit*
Per3or+n0e.
2. Sten*ol+ nd 1t l in 20&= re per3or+n0e reser0* s @5*e e33e0ts o3 orgni)tionlrrnge+ents o3
0ountry on t*e si)e nd type o3 1ntrepreneurs*ip 0tivities. 5*e results s*ow t*tengendered in0ipient
opportunities 2y Anowledge nd re:uisites to engender entrepreneurs*ip is verye33i00ious.

The Concept of Entrepreneurship
Peter Dru04er is 2elieved t*t entrepreneurs*ip is not 0on0rete ttri2ute inentrepreneur personlity. Be ver2lly
e6presses t*t entrepreneurs*ip is ppli0tion o3 +nge+ent te0*ni:ues.Be 2elieves t*t entrepreneur is
so+eone w*o wit* own 0pitl 0o++en0es in0ipient nd di+inutive re+unertively lu0rtive 0tivities% 0*nges
vlues nd will evolve its nture nd dditionlly in t*e not too distnt 3uture +4e su2stru0ture :uli3ied
2usiness. (-*diri 2006!
C*r0teristi0s o3 1ntrepreneurs*ip
1ntrepreneurs*ip 3ro+ S0*u+peter7s perspe0tive *s t*ree 3und+entl 0*r0teristi0s s 3ollows C
&. 1ntrepreneurs*ip is understood% 2ut 0n7t wit* t*e +undne lws pplying nd nlysis o30ontined nd
super3i0il 30ts.
2. 1ntrepreneurs*ip 3or+s events nd long-ter+ results nd 3or engendered 3eli0itousopportunities 0*nges
0urrent gregrious nd e0ono+i0 0onditions.
=. (ultipli0ity nd reiterted o3 o00urren0e entrepreneuril events *s depends dire0tly toreltive :ulity o3 t*e
troops% strtegi0 de0isions% 0tions nd 2e*viorl ptterns.((o+eni 200?!
C*r0teristi0s o3 entrepreneurs
So+e o3 t*e +ost i++ensely 0olossl nd +ost pro+inent o3 0*r0teristi0s o3 entrepreneurs re s 3ollows C
&. Sel3-relin0e nd sel3-0on3ident (4ind o3 innovtive!
2. $ery persevern0e nd endurn0e in route o3 pro0uring t*e o2<e0tive
=. Deel o3 t*e internl need to prosperity nd per+nent progress
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4. Dull dvntge 3ro+ resour0es
". Dis0over o3 opportunities nd 2ility o3 produ0tivity 3ro+ 0onspi0uous nd o2nu2iltedopportunities
6. >is4 t4ing% 00eptn0e o3 peril nd tolern0e o3 3ilure
7. Bving spirtionl gols nd 0ler nd o3 0ourse 2eyond t*e 0usto+ry gols
(5*eri 20&0!

Individual Entrepreneurship
Dree nd Independent 1ntrepreneurs*ip C It is w*en n individul engenders t*e independent2usiness. 5*is type
o3 entrepreneurs*ip is pro0ess t*t 2e led to grti3i0tion nd in0ipient de+nd.((og*i+i 2004!

Necessity of Entrepreneurship
&. 5*e rpid elevte o3 in0ipient 0o+petitors
2. Crete sense o3 distrust t*n trditionl +et*ods in 0o+pnies
=. 16it 2est l2orers 3ro+ 0o+pnies nd t*eir 0tion to independent entrepreneurs*ip
(8*+d Pour Drini 2006!

Benefits of Entrepreneurship
&. 1ntrepreneurs*ip is 30tors o3 e+2olden in invest+ent.
2. 1ntrepreneurs*ip is 30tors o3 sti+ulte nd e+2olden in sense o3 0o+petition.
=. 1ntrepreneurs*ip is 30tors o3 0*nge nd innovtion.
4. 1ntrepreneurs*ip 2e leds to Eo2 engender+ent.
". 1ntrepreneurs*ip +ends :ulity o3 li3e.
6. 1ntrepreneurs*ip is 0uses opportune distri2ution o3 in0o+e.
(Pour 9g*eri 200'!
It is w*en entrepreneuril 0tivity 2e per3or+ed 2y n individul or groups wit*in norgni)tion. 5*e result o3
t*is type o3 entrepreneurs*ip 0onventionlly is engender n in0ipient orgni)tionlunit wit*in t*e orgni)tion%
design nd distri2ute in0ipient 00o++odtions% nd t*e engender+ent +odern vlues 3ororgni)tion.
(Pei4r<ou 200?!

Characteristics of Entrepreneurial Organizations
&. Due to +gni3i0tion nd e60ellen0e nd engender+ent o3 vlue
2. Bving innovtive poli0ies in +r4et
=. Do0us on t*e 0usto+er nd t*eir unspo4en needs
4. >is4 ssess+ent nd posed ris4s in 0o++er0il 0tivity
". Prepred to del wit* t*e 3ilure nd 0risis
6. Bving *u+n resour0es long wit* perspe0tive% strtegy nd idelisti0
((og*dsi 200'!

Appropriate Environment or Organizational Entrepreneurs
Dirst% in engendering entrepreneurs*ip sp0e o3 wit*in t*e orgni)tionl s*ould 2e deter+ine 30torsnd
dditionlly 2e pplied 0tegori0l guidelines. Se0ond% 16perien0e or s+e tri2ultion nd error 2einspirited.
5*ird% orgni)tion +ust s0ertin in t*e wy o3 engender+ent nd develop+ent o3 in0ipient produ0ts t*ere isnFt
ny pri+ry o2st0le 3or engendering opportunities Dourt*% 0o+pny resour0es s*ould 2e vil2le nd 30ilely
00essi2le.((ousA*ni 1t l. 20&0!

Entrepreneurship Environment
1nviron+ent in0ludes ll 30tors outside orgni)tion nd 0o+pny t*t will 33e0t opertions o3 0o+pny or it
is 33e0ted 3ro+ orgni)tionl nd 0o+pny per3or+n0e. 5*ese 30tors in0lude0usto+ers% 0o+petitors%
sto04*olders% suppliers% industry nd et0. (Stevenson 200&!
&. #rgni)tion s*ould 2e 4eep p0e wit* dvn0ed te0*nologies nd updtes
2. In0ipient 0on0eptions re e+2oldened
=. 5ril nd error is inspirited
4. Dilures +ust 2e 00epted
". 5*e 2sen0e o3 2rriers to t*e engender+ent nd develop+ent o3 in0ipient produ0ts
6. (ulti3un0tionl te+wor4 +et*od
7. .ong-ter+ ti+e *ori)on
?. $oluntry progr+
'. 8pproprite rewrd syste+
&0. 16isten0e d*erent nd sponsor
Developing Country Studies www.iiste.org
ISSN 2224-607X (Pper! ISSN 222"-0"6" (#nline!
$ol.4% No.&4% 20&4

'6
Conclusions
1ntrepreneurs*ip is pplin0e o3 d+inistrtion te0*ni:ues. 8n d+inistrtor is nyone w*os+ll nd new
ssisting 0tivities 2egins wit* own 0pitl% 0tuli)e 0*nges in vlues% nd swell willtrns3or+ its nture.
1ntrepreneurs*ip is understood% entrepreneurs*ip 3or+ed 2iding results.>epet +2itious 0ontest depends non
to troops 2out :ulity% 0rdinl de0isions%0tions nd 2e*vior ptterns. 5*e 0pitl 0*r0teristi0s o3
entrepreneurs re ggressiveness nd sel3-0on3ident (4ind o3 innovtive!% 0tul 2042one nd deptness in
venue o3 ttining t*eo2<e0tive% 3eel o3 t*e 0entrli)ed 0*rge to su00ess nd 2iding progress% 2ounding
dvntge 3ro+resour0es% s0ertin o3 opportunities nd deptness o3 2undn0e 3ro+ 00essi2le nd
*iddenopportunities% 00ident t4ing% 00epting o3 00ident nd ltruis+ o3 3ilure% 00epting spirtionl
golsnd 2rig*t nd o3 dvn0e 2ove t*e 00epted gols. 1ntrepreneurs*ip *s 2undnt i+portn0e. 9e0use it
*s llown0es su0* s 30tors o3 invest+ent en0ourge% 30tors o3 Sti+ulte nden0ourge 30ulty o3
0o+petition% 30tors o3 0*nge nd innovtion% 30tors o3 <o2 0retion%i+proved superior o3 li3e% nd 2igger
d+inistrtion o3 in0o+e. -iven t*e 0p0ity sid% entrepreneurs*ip in nniversry ut*orittive 0n 2e t*e 3ree
gen0y in ut*orittive su00ess nd d+ission to t*e orgni)tion7s gols.

!eferences
&. 8*+d Pour Drini% (*+oud. 8)i)i% (o*++d. 2006. 1ntrepreneurs*ip% wor4 nd4nowledge 2rn0*es.
Pu2li0tion o3 (e*r2. Go+
2. 84*vn% Pey+n. 2004. (odeled. Eournl o3 5d2ir. No. &4=
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4. -*diri% (o<t2. 2006. Isl+i0 8)d ,niversity C entrepreneuril university
". -olestnBs*e+i% Seyed (e*di. 200=. 9si0s s0ien0e o3 1ntrepreneurs*ip
6. I+ni Pour. 200?. 5*e reltions*ip 2etween trends to 0o+pny 1ntrepreneurs*ip ndper3or+n0e in t*e
Irnin insurn0e 0o+pnies selling insurn0e gen0ies
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&0. (ousA*ni% (orte) 1t l. 20&0. #rgni)tionl entrepreneurs*ip develop+entprdig+ 9si0 ne0essity in
orgni)tion 5*ird (illenniu+.
&&. Prtov Ni% So*eil. 20&=. 5*e i+portn0e nd sttus o3 entrepreneurs*ip inorgni)tions
&2. Pei4r<ou% A+2i) 1t l. 200?. #rgni)tionl 1ntrepreneurs*ip nd entrepreneuril
orgni)tions. Eournl o3 Strtegi0 >eser0*.No. 20. PP 6"-'0
&=. Pour 9g*eri% I*r. 200'. >eltions*ip 2etween +r4et-oriented strtegyentrepreneurs*ip o3 S+ll nd
+ediu+-si)ed +nu30turing 0o+pnies in -iln
&4. >e) Ide*. 200?. 1ntrepreneuril pro0ess S0ien0e-2sed
&". Sten*ol+% Pe44. 20&=. 5*e e33e0ts o3 orgni)tionl rrnge+ents o3 0ountry on t*e si)e
nd type o3 1ntrepreneurs*ip 0tivities.
&6. Stevenson%.. (200&!.1ntrepreneurs*ip poli0y 3or t*e 3uture% $ol&o3 t*e 1ntrepreneurs*ip
3or t*e Duture Series. Swedis*Doundtion 3or S+ll 9usiness >eser0*. &==-&"6.8r2in Eournl o3 9usiness
nd (nge+ent >eview (#(8N C*pter! $ol. =% No.4J Nov. 20&=
&7. 5*eri% 82dol+o*++d 1t l. 20&0. 5*e reltions*ip 2etween #rgni)tionl1ntrepreneurs*ip nd
Cretively in orgni)tion vo0tionl nd te0*ni0l in -0*srn. Eournl
o3>*y3ti No. Dirst Her.No. 4. PP 4"-6&
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