Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
• To know why youth is suited for entrepreneurship? • Face great challenges for their sustainable growth.
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Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
Defined Traits
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Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
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Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
Work History
Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
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Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
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• Most entrepreneurs and investors seem to think the answer is Another perspective
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"no“. • If you ask, most entrepreneurs will tell you that the reason they
started out was because the urge to start became so strong that
• Most academicians and students think the answer is "yes." they just had to give up what they were doing and dive into it.
Business can be taught Hardly anybody will say that they started a company because they
Risk-taking cannot be taught attended a course in entrepreneurship.
• Born entrepreneurs can be taught how to become better • Entrepreneurship may not be taught but it can certainly be
businesspeople. But businesspeople cannot be taught how to endured!!!
become entrepreneurs.
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Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
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Motivation future by making things happen. Women Experience largely having administrative and service
entrepreneurs are motivated by frustration in industry.
the present job or family circumstances. Personality Traits • Both male and female entrepreneurs are found
to be energetic, goal oriented, passionate and
Basic Departure • Male is more dominated by existing occupation independent. However women entrepreneurs
Points that facilitates the new venture creation, while are more balanced, firm, soft spoken and
women usually plunge into entrepreneurship firm.
because of frustration in the present job or Strength of the • Women entrepreneurs have a tendency to
home environment. Business focus on building a business that could be self
propelling while men builds a business in
Funding Sources • Male depends upon variety of funding sources which he remains inescapable.
while women largely on personal savings.
Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
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Scalability and Wealth • For women entrepreneurs, wealth is not the primary
Creation objective , while for men it is.
Facilitating
Tendency Towards Women
• Women entrepreneurs prefer respond to lower risk
Entrepreneurship
Risk and Profits opportunities, and happy with lower returns as compared to
men.
Instruments Facilitating
to support education and
regional training
networks
Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
Key Advantages that Small and Medium Key Advantages that Small and Medium
Enterprises Provide Enterprises Provide
• Provide increased employment opportunities per unit of • Contribute in promotion of entrepreneurship culture at local levels.
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Contd…
Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
Reasons for Greater Opportunities in the Reasons for Greater Opportunities in the
MSME Sector for Start-up Ventures MSME Sector for Start-up Ventures
• Low capital requirements to enter into entrepreneurial venture. • Extensive network of institutions providing training—technical and
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managerial.
• Favourable government policies that provide support system.
• Tooling and testing facilities and support.
• Reservation of certain products to be exclusively manufactured by
small scale sector. • Export promotion incentives.
• Easy availability of funds at concessional rates coupled with • Availability of domestic demand because of accelerated growth in
availability of subsidies. the economy.
• Favourable policies for procurement of raw materials and • Increasing demand for exports.
machinery.
• Growth requirements for ancillary units in India and abroad.
Contd…
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and strategic dimensions to design, develop and implement • Entering into a business without ensuring competitive advantage.
entrepreneurial strategies that create wealth.
• Weak planning and wrong assessment of market potential.
• It is the insight using strategic perspective that enables • Underestimating the cost and overestimating the price.
entrepreneurs to identify appropriate opportunities and respond
• Not having financial prudence.
to by establishing sustainable competitive advantage.
• Lack of financial tie-ups and awareness on approvals required.
• Entrepreneurial and strategic actions are complementary, not • Failure due to wrong or non-ethical purchasing decisions.
interchangeable.
• Production lacunae.
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Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
• A great entrepreneurial optimism is seen in India now, more than • Access to information has been the biggest factor contributing to
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• A largest chunk of the India’s population is in the 18–35 age • The other factor is the global flow of capital, which enables people
group, and that is the age in which people are the least afraid to to go wherever the money is.
take risks.
• Government policies and organizations like NEN (National
• On the other hand, India’s greatest liability is the corruption in its Entrepreneurial Network) who are actively promoting
system, which is a big dampener to entrepreneurship. entrepreneurship.
Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar
Awareness
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Mindset
Cultivating Understanding
Affirmation Mindset
Entrepreneurship
Attitude
Entrepreneurial
Leadership Disassociation
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Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar