Entrepreneurship 140712044812 Phpapp02

8/18/2019 Entrepreneurship 140712044812 Phpapp02

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Entrepreneurship

Armaan AnanadMBA(IB) B


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Introduction

“Entrepreneurship is neither science norart. It is the practise. It has a knowledgebase”

-eter !rucker

Entrepreneurship is the practise of starting neworganisation or revitalising mature org., particularly newbusiness generally In response identied oppurtunites.

It is in the creation of more wealth, and in theconstant innovation from prevailing to the nextbest practices, that the significance andimportance of Entrepreneurship lies.


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Role of Entrepreneurship inthe Economy

Increasing opportunities for employment(comprising various)

Competitive sill sets

!dditional wealth creation

Introduction and dissemination of new methodsand technology"

and

#verall economic growth.


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Entrepreneurship inIndia "o #uote the renowned economist$ ".%. &rini'asan$ India has

been an entrepreneurial societ*we had the entrepreneurialskill but suppressed it +or too long a time* and now it isthri'ing.,

%ew entrepreneurs who do not belong to traditional businesscommunities ha'e begun to emerge in large numbers.Entrepreneurship has grown rapidl$ 'isibl so$ creatingwealth and generating emploment

In a recent sur'e b the !eloitte group$ India

ranks globall as home to the +astestgrowing technolog rms. / Indiancompanies entered the !eloitte "echnolog0ast 122 list o+ Asiaacic 3ompanies in 224.


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5 global trends that canchange India

1)The sharing economy and the world of experiences. "he web and attendant technologies ha'e made it possible totake phsical products and turn them into ser'ices.

2)The transformatie power of mobile! access and big data.

"he emerging markets ha'e been rst adapters in the mo'e to

mobile$ with ke ser'ices like news and banking being +ront-runnersin pro'iding mobile ser'ices.

9) Retail is more about story"telling than about selling.

It:s about being able to pro'ide a consistent e;perience andstorline across the plat+orm.


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$day %ota wins global entrepreneuraward for &'

%day &ota$! founder! executie ice"

chairman and managing director of &ota$'ahindra (an$! has been named the E#orld Entrepreneur *f The ear 2+1,.&ota$! awarded at a ceremony in 'onaco!

was selected among -+ nalists from 51countries! each of whom has already been


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Rise of the /lobal Entrepreneurial0lass.

oo$ing at the future! the aerage Indian isexpected to be 2 years old in 2+2+ ascompared to ,3 in %4! and 67 in 0hina.Therefore ! it is no surprise that we seeawareness and many a student moement

creating forums for entrepreneurship today.

The &erala goernment hae also introducedrecently an entrepreneurship scheme forstudents at uniersities and colleges that

proides for accessibility to incubation centresand academic incenties to those who approachsuch centres.

s a matter of fact is seen as one of thecountries that is par excellence with the rest of


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3hallenges 0aced bEntrepreneurs Bureaucratic potholes that ensure that a good number o+

earl das are spent running +rom one table to another$+rom one department to another to get the necessarpermissions in place

oor in+rastructure +acilities pro'e to be a huge hurdle tothe distribution network. &carcit o+ electricit$ a goodnumber o+ non-motorable roads

6allup,s recent stud +ound that though man indigenousserial entrepreneurs ha'e made their mark$ the are notread to impart learnings +rom their =ourne to aspirants.

ersonal risk such as uncertaint o+ success$ nancial risk

such as loss o+ sa'ings. %e'er-ending +amil pressure +or =ob securit through

traditional means. Add to it some mths like not being ableto nd a good matrimonial alliance i+ one runs his?her ownbusiness@


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"he don,t stop-

In such an en'ironment consumers become morepessimistic$ businesses in'est less$ and go'ernmentsspend hea'il on securit measures and de+ense interms o+ terrorism.

8educing consumers, and rms, e;pectations +or the

+uture b terrorism. "riggering wider geopolitical conict$ which ma cause

+urther economic disruptions through terrorism.

8eports o+ corruption in a rm can cause shareholdersand in'estors to lose trust and condence in the

business.

Because corruption entails improper use o+ thea'ailable resources$ it can =eopardie the eCcienc o+a business organiation.


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BIBD568AF

httpG??kalan-cit.blogspot.com?2H?2


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Than$ you

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Entrepreneurship 140712044812 Phpapp02