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Group Members : Vidhya Churi Rupesh Mahyavanshi Shreyash A. Patil Anil Kumar Sapana Singh

10006 10015 10024 10033 10042

Some Indian Entrepreneurs

Dhirubhai Ambani
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Founder: Reliance group of Industries

Azim Premji
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Founder: Wipro

CONCEPT
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Definition
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An Entrepreneur is a person who has possession of a new

enterprise, venture or idea and is accountable for the inherent risks and the outcome.
The term was originally a loanword from French and was first

defined by the Irish-French economist Richard Cantillon.

Entrepreneur in English is a term applied to a person who is willing

to launch a new venture or enterprise and accept full responsibility for the outcome.
Jean-Baptiste Say, a French economist, is believed to have coined

the word "entrepreneur" in the 19th century - he defined an entrepreneur as "one who undertakes an enterprise, especially a contractor, acting as intermediatory between capital and labour".

Importance
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Many businesses start as one person's idea. The

creator is often an entrepreneur who spots a gap in the market or a commercial opportunity.

She/he turns the idea into a marketable product or

service. There are four main types of business: Manufacturing, Wholesale, Retail Service.

Characteristics
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Prepared To Take Risks

Driven By Achievement

Not Put Off By Failure

Self Motivated

Determined To Stay Ahead Of The Competition.

Qualities of Entrepreneur
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Good Decision Maker Risk Taker Innovative Accepting Challenges Skillful Management Making the Enterprise a Success.

example s . . .
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Henry John Heinz's first product in 1869 was horse-

radish, followed by pickles and vinegar.

All were delivered by horse-drawn wagons to grocers in

and around Pittsburgh. Heinz developed many of the world's best known branded products e.g. tomato ketchup, baked beans and baby foods

BENEFITS
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Today's small business sector creates many of the new ideas and

innovations future generations will take for granted e.g. ingenious website designs, clockwork radios.

Small businesses are vital to the success of the economy.

Not only as they provide the success stories of the future, but also

because they meet local needs (e.g. hairdresser, financial consultant, emergency plumber).

They

serve the requirements of larger businesses e.g. for photography services, printed stationery, catering and routine maintenance.

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TYPES OF ENTREPRENEURS

SOCIAL ENTREPRENEUR

SERIAL ENTREPRENEUR

LIFESTYLE ENTREPRENEUR

INNOVATIVE ENTREPRENEUR

Intrapreneur
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Intrapreneurs are dreamers who

do, those who take hands-on

responsibility for creating innovation of any kind within an organization

Intrapreneurs have entrepreneurial

skills blended with managerial skills but operate within the confines of an organization.

INTRAPRENEURIAL ACTIVITY
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Spotting ways to improve service

Save time, money, or make life easier

Visualizing variations of current products / services

Realizing new communication avenues with customers

Enhancing the quality

New ways to get the job done quicker or smarter

How do Intrapreneurs benefit?

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Flexibility Less restrictions but supportive environment Recognition Their ideas are vehicles towards advancement Increased value to organization - increased

PAYCHECK

Intrapreneur Vs Enterpreneur
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An Entrepreneur is someone who has the skills, passion and financial backing to create wealth from new business opportunities and is willing to take full responsibility for its success or failure. An Intrapreneur is someone who manages that business with entrepreneurial flare in line with the expectations of the shareholders.

Contd
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The Entrepreneur is typically a visionary who spots an opportunity in the marketplace and has the passion, cleverness and contact base to set the wheels in motion. The Intrapreneur has passion and drive but also has the operational skills of running the clockwork of the business to enable a good idea to be turned into commercial reality. He is the inside entrepreneur.

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Conclusion

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