Entrepreneurship
Dr.Savitha Nair
Associate Professor & Academic Coordinator
RVS Institute of Management Studies and Research
Coimbatore
Dr. Savitha Nair
A Prelude
What is your idea about entrepreneurship?
Whom will you call as an entrepreneur? Any examples
to quote?
What do you think is the role of an entrepreneur in the
society?
Do you think an entrepreneur can bring about any social
progress?
Dr. Savitha Nair
Social Entrepreneurs
When existing conditions in a society fall short of
our goals for a prosperous, harmonious, just,
healthy society, this creates a social problem as
well as an opportunity for progress
Social entrepreneurs create social progress by
Applying the entrepreneurial orientation
In order to move us closer to our social
goals in a sustainable way
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Dr. Savitha Nair
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BACKGROUND?
MONEY?
LAKSHMI MITTAL
AGE
?
Dr. Savitha Nair
SUHAS
GOPINATH
VIJAY MALLYA
RAY KROC
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BACKGROUND?
EDUCATION
?
DHIRUBHAI AMBANI NARAYAN MURTHY
WORK EXPERIENCE?
BILL GATES
Dr. Savitha Nair
SUBRATO
BAGCHI
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IS THERE A METHOD IN
THEIR MADNESS?
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THE ENTREPRENEURSHIP
PROCESS
SPOTTING
OPPORTUN
IDENTIFYIN
ITY
G
RESOURCES
ACQUIRING
RESOURCE
S
MANAGIN
G
VENTURE
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Entrepreneurship:
A Perspective
Entrepreneurship is more than a
mere creation of VENTURE. Its a
Mindset
Seeking opportunities, taking
risks beyond security, and
having the tenacity to push an
idea through reality are typical
characteristics of entrepreneurs
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Lets understand
Entrepreneurship is an activity or behavior as opposed to
a person or an ideology
Entrepreneurship The pursuit of opportunity
regardless of the resources you currently control
Social entrepreneurship The pursuit of an
opportunity to create pattern-breaking social change
regardless of the resources you currently control
Whether non-profit, for-profit, or public sector
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BEST
BEST: The most effective option
ECONOMICAL: At the lowest cost
SOLIDARITY: For all those who need it
TODAY: As urgently as possible
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Business Plan
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how it competes,
uses its resources,
structures its relationships,
interfaces with customers, and
creates value to sustain itself
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Dr. Savitha Nair
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Dr. Savitha Nair
Key
activities
Value
proposition
Customer
relationships
Customer
segments
Text
Key resources
Channels
Text
Cost structure
Revenue streams
Text
Text
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Text
Key Activities
What Key Activities
do our Value
Propositions require?
Our Distribution
0
Channels?0
Customer
relationships?
Revenue Streams?
Key Resources
What Key
Resources do our
Value Propositions
require?
Our Distribution
Channels?
Customer
Relationships?
Cost Structure
What are the most important costs inherent in our
business model?
Which Key Resources are the most expensive?
Which Key Activities are most expensive?
Value
Proposition
What value do we
deliver to the
customer?
Which one of our
customers
problems are we
helping to solve?
What bundles of
products &
services are we
offering to each
customer
segment?
Which customer
needs are we
satisfying?
Customer
Relationships
What type of relationship
does each of our
Customer Segments
expect us to establish
00with them?
and maintain
Which ones have we
established?
How are they integrated
into the rest of the
business model?
Channels
Through which
channels do our
customer segments
want to be
reached?
How are we
reaching them
now?
How are our
channels
Revenue integrated?
For what value are our customers
really to pay?
For what do they currently
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Customer
Segments
For whom are
we creating
value?
Who are our
most important
customers?
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Business Planning
"In preparing for battle I have always found that
plans are useless, but planning is
indispensable."
-Dwight Eisenhower
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Dr. Savitha Nair
Opportunity
The
Entrepre
neur
Organi
zation
Business Plan
Resou
rces
Strategy
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Dr. Savitha Nair
Executive Summary
Company Overview
The Product/Service Offering
Market Environment
Marketing and Sales Strategy
Operations
Financial Plan
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Executive Summary
The written version of the 60 second
pitch.
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Dr. Savitha Nair
Company Overview
Explanation of history, structure, and
organization of your company.
Strategic direction
Mission statement.
Goals and objectives.
Values and vision.
People
Relevant skills and expertise of management team.
Directors.
Relationships with experts in the field.
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Dr. Savitha Nair
Market Environment
All factors of the market that are outside
your direct control:
Market structure
Market trends
Competition
Opportunities/Threats
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Brand strategy.
Distribution strategy.
Product strategy.
Pricing strategy.
Promotion.
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Operations
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Financial Plan
Three key reports, in a five-year plan:
Income statement.
Balance sheet.
Statement of cash flows.
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Dr. Savitha Nair
Thank you
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