Introduction to Entrepreneurship in ABM 12.pptx

Introduction to entrepreneurship

1. Intr oduction to

2. Learning Objectives 1 . discuss the relevance of the course; 2 . explain the key concepts of common competencies; 3. explain the core competencies in Entrepreneurship; and 4 . explore job opportunities for Entrepreneurship as a career.

3. Most Famous Entrepreneurs in The World BILL GATES Co-Founder of Microsoft JEFF BEZOS CEO of Amazon ELON MUSK Co-founder and CEO of TESLA Mark Zuckerberg CEO of Facebook

4. An Entrepreneur is an individual who creates a new business bearing most of the risks and enjoying most of the rewards

5. The word “entrepreneur” was derived from the French verb enterprendre , which means “to undertake.”

6. Entrepreneurship is  the pursuit of starting, managing, and scaling a business. It involves combining innovation, skills, and vision to develop new products, services, or ideas that meet market demand and create value for a target audience

7. Relevance of Entrepreneurship to an organization Development of Managerial Capabilities - this means that one of the benefits an entrepreneur gets is to develop his managerial skills. Creation of Organizations - which means that because of entrepreneurship many organizations will exist. Improving Standard of Living - this means that entrepreneurship can lift up the economic status of an individual. Means of Economic Development - this means that not only the life of the entrepreneur is improved but also the society where the business is located .

8. Factors Affecting Entrepreneurship 1. Personality Factors Initiative Proactive Problem Solver Perseverance Persuasion A Planner Risk-taker 2. Environmental Factors Political Climate Legal system Economic Social conditions Market conditions

9. Common and Core Competencies in Entrepreneurship

10. Common Competencies Decissive Communicator Leader Opportunity seeker Proactive Risk-taker Innovative Core Competencies Economic and dynamic activity Innovative Profit potential Risk bearing

11. Teacher Business Consultant Researcher Sales Business Reporter

12. Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. 

13. Entrepreneurship provides individuals with the opportunity to pursue their passions, create something new, and make a positive impact on the world. It requires hard work, dedication, and perseverance, but the rewards can be significant .

14. “Your most unhappy customers are your greatest source of learning." - Bill Gates.