Who is Entrepreneur ?

A mindset of new ideas in terms of earning money by

identifying needs of a person or an organization and

fulfilling them in the consideration of all liabilities.

What is Entrepreneurship ?

Entrepreneurship is the practice of starting a new

business or reviving an existing business, in order to

capitalize on new found opportunities.

Entrepreneur & Entrepreneurship

Lets Understand………………

Entrepreneurial Qualities

Initiator Visualizer Quality

Conscious Self Confidence Born in 1929, Pennsylvania

USA

AMAR GOPAL BOSE

INITIATOR: In 1968, Amar Bose invented the 901(R) Direct/Reflecting(R) speaker system. They were one of the first stereo loudspeakers to utilize the space around them instead of reproducing sound as if in a vacuum.

VISUALISER: While doing graduation from MIT in 1950s, Amar Bose purchased a new stereo system. But he was disappointed with the performance of the speakers. Despite their impressive technical specifications, the speakers failed to reproduce the realism of a live performance.He aimed to design a speaker that would emulate the concert hall experience in the home.

 

QUALITY CONSCIOUS: A product which can not satisfy the intention of customer for which it was purchased, is not a quality product. This trait of sir Amar Bose was revealed when he was listening to music using new purchased stereo system.

 SELF CONIDENCE : Having achieved the

success of 901(R) Direct/Reflecting(R) speaker system, Amar Bose also captured the car stereo market, with systems that transformed the on-the-road listening experience. Due to his tremendous self confidence he was capable to enter a new market and achieved success again.

Born: July 24, 1945

Mumbai, India

AZIM PREMJI

Entrepreneurial Qualities :

Commitment to work

Leadership

Efficient Monitoring

Multifaceted

Commitment to Work : At the first annual general meeting of the company attended by Azim Premji, a shareholder doubted Premji's ability to handle business at such a young age and publicly advised him to sell his shareholding and give it to a more mature management. This spurred Azim Premji and made him all the more determined to make Wipro a success story. And the rest is history.

Leadership : Under Azim Premji's leadership Wipro has metamorphosed a company in hydrogenated cooking fats to a pioneer in providing integrated business, technology and process solutions on a global delivery platform. Today, Wipro Technologies is the largest independent R&D service provider in the world.  

Efficient Monitoring : Under the efficient monitoring of azim premji as a chairman of wipro technologies, Wipro is expected to deliver effective and efficiently monitored management services to ensure high reliability, availability and security of the Information systems residing in their state Data Centers. One of the Gujarat SDC will act as the Disaster Recovery site for the localized applications for providing online services to urban and rural citizens.

Multifacet : When Azim Premji occupied the hot seat, Wipro dealt in hydrogenated cooking fats and later due to Azim Premji’s multifacet quality , wipro diversified its business in bakery fats, ethnic ingredient based toiletries, hair care soaps, baby toiletries, lighting products and hydraulic cylinders. Thereafter Azim Premji made a focused shift from soaps to software and today in software industry, Wipro is one of the IT Giant of India.

Entrepreneurial Qualities

Born: 1945 Tamil Nadu, India SHIV NADAR

Efficiency Lover

Opportunity Tracker

Efficiency Lover: Being CEO of HCL, HCL derives 80% of its revenue from computers and office equipments.

REASON: Advantage of global time zones.

How ?

Every morning, the company's Chennai office receives software assignments from the U.S, just after work stops there for the night. A team of Indian engineers, with salaries much lower than those of their American counterparts, complete the jobs and send them back in the evening.

Opportunity Tracker:

In late 1970s, when IBM quit India, Shiv Nadar's HCL stepped in to fill the vacuum. In 1982, HCL came out with its first computer. Now HCL is one of the branded company which has marked its presence in the Indian IT Giants and Electronics. This is how, Shiv Nadar capitalized the opportunity and reached the pinnacle of success in such a short span of time.

Larry Ellison

Persistence

Assertive

Self Confidence

Born: 1944 Manhattan, USA

Self Confidence:

What surprises some about the Larry Ellison profile is that he enforced just $1,400 into the company - but still, it took off well. At the time, it was known as Software Development Laboratories, although its name later changed to Relational Software Inc.

Entrepreneurial Qualities

Assertiveness : The company teetered on the brink of bankruptcy in the early 1990s due to a cash and revenues balancing crisis. Larry later asserted that his company had made a mistake, but went on to prove all those who doubted his capabilities as a businessman wrong by bring Oracle back from the brink.

Persistence : Both the issues explained the self confidence and assertiveness qualities derive one more entrepreneurial quality within Larry Ellison and its way of working, that is persistence. And this quality is also reflected in his saying “ I am not easy to given up”.