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UNIT-1 ENTREPRENEURIAL REVOLUTION

By:HARISH KUMAR KAUSHAL ROZITA HASHMI TANIN NIKPOOR KIA FARHADI SHOAIB NOORZAD MUKESH JHA GOVIND JALAN

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The Entrepreneurial Revolution


Entrepreneurship=Economic and social opportunities Entrepreneurship creates equal opportunities not equal incomes.

The Revolution
An age of omnipresent entrepreneurship: more choices, more innovation, more technological advances, more change, more opportunity, more possibilities

Examples of revolution

USA

ISRAEL

Entrepreneurship in USA

Facts:
95% of the wealth in America today has been created by this E-generation during the Erevolution since 1980. 1 in every 10 Americans ages 18-64 is attempting to start a new business Small firms create 75% of new net jobs (since 1980 America has created 34 million new jobs while the Fortune 500 companies lost over 5 million)

Mega-Entrepreneurs Who Started in Their 20s


MicrosoftBill Gates and Paul Allen Dell ComputersMichael Dell Apple ComputersSteve Jobs Steve Wozniak Federal ExpressFred Smith PolaroidEdward Land NikePhil Knight

and

During the past 30 years, America has

unleashed the most revolutionary generation


the nation has experienced since its founding in 1776. This new generation of entrepreneurs has altered permanently the economic and social structure of this nation

and the world, and it has set the


entrepreneurial genetic code for future generation.

Entrepreneurship in ISRAEL
1950s. The seeds of Israels entrepreneurial revolution were sown in the late 1940s and 1950s. Israels first (Weizmann) and fourth (Katzir) presidents were scientists. 1960s. R&D got a huge boost in the 1960s, in part from the sudden 1967 French weapons embargo

1980s. By the early 1980s there were numerous top-tier VC investments, and by 1984 the NASDAQ value

THE ENTREPRENEURIAL EVOLUTION

Role of entrepreneur in Indian Economy


Generate Employment. Contributes towards GDP. 95% of the registered firms in India are family businesses.

Sector development needs

Youth unemployment

Developing countries currently face two type of problems

Renewable Energy: 2 billion people lack access to energy/ electricity Water and sanitation: 2.5 billion people lack access to clean water and sanitation Rural areas: 60% of the population of developing economies still live in rural areas Information & Communication Technologies: Barely 4% of the world population has internet access

Currently 1 billion young people in the world. (850 million live in developing economies) Over the next 30 years, this no. will increase by another1.2 billion, mostly in developing countries Young people are cognizant of the inequities of the global system, and are susceptible to association with the negative forces in their communities

Comparison
Developing countries Me- too business Lack of technical skills Legacy businesses Legal constraintsgovt. regulation, red tapism Developed countries Marketing concept Competent New businesses Helping hands

CULTURE
Culture represents the manner in which members of a group (whether in society or a business group) regulate their behavior in order to be in harmony with each other and with other groups in that society.

Elements of culture
Culture consist of tangible man-made objects clothing, building, eating habit and intangible concept such as laws, morals and knowledge. In addition, culture includes the values, character, skills acceptable within the particular society Culture in a society is learned and passed on from one generation to next

Sub-cultures of Entrepreneurship

Culture of business- It is sum total of the norms, beliefs and values that regulate the behavior of individuals and groups within any given corporation, how they work together and pursue the goals

many organizations not aware of their culture

Business

ethics- ethics is that branch of philosophy which is concerned with rightness or wrongness, goodness or badness of human conduct Ethics are supposed to provide the basis for deciding whether a particular course of action is morally correct or wrong.

Productivity

culture- All productivity improvements stems from people productivity as people constitute the motive power for all resources A key to productivity is the attitude of employees who work together

Total

quality culture- TQC is way of marking an integration of all efforts in the organization in achieving total quality and customer care TQC helps in improvement of quality of work life, employees satisfaction and customer satisfaction.

In an entrepreneurial culture, work is more than a job, it's a lifestyle. Employees are more like a team in most companies, and in some cases, they are even like a family.

Why YOB not JOB?

Mr. Patel of Nirma who was a chemists assistance and has a Rs. 2500 crore company today. Mr. Bata was a cobbler. And now has stores in more than 30 countries all over the world. Dr. Burman who started DABUR. Dhiru bhai Ambani who started life as a clerk in a French company in Aden. He was not born into a business family nor did he possess an MBA degree and yet, he is a household name in India and figures in the Forbes list of the richest Asians. Lakshmi Mittal, the steel giant, Satbir Bhatia of Hotmail fame and Narayan Murthy of Infosys are some other names in the endless list you could choose from. The career opportunity is not only for boys but also for girls all those girls who think smart, are ready to act and script the story of their own life - like Shehnaz Hussain or Ritu Kumar

THANK YOU

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