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Entrepreneurship Development

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Entrepreneurship Development

  1. 1. ENTREPRENEURSHIP DEVELOPMENT Mrs. RACHANA PRADEEP Assistant Professor
  2. 2. BASIS OF COMPARISON MANAGER ENTREPRENEUR MOTIVE Render services in an enterprise already started by others. Start a venture by setting up enterprise for personal gain and satisfaction. STATUS He is servant in an enterprise owned by some other entrepreneur. He is the owner of the enterprise maintained by him. RISK BEARING He does not undertake to bear the risk as he is a mere servant. He undertakes to bear the risk of loss of all kinds as he is the owner. REWARDS He gets SALARY as reward. It is fixed and certain. He gets PROFIT as consideration.It is uncertain and not fixed. INNOVATION He is not responsible for innovation .He simply translates the entrepreneurs ideas into practices. He is innovator. He is planner QUALIFICATIONS Must possess a distinct qualification. He need not possess distinct qualification COMMITMENT He should be loyal to the He is committed in the
  3. 3. ROLE OF ENTREPRENEUR IN ECONOMIC DEVELOPMENT
  4. 4.  PROMOTESCAPITAL FORMATION  CREATES EMPLOYMENT OPPURTUNITIES  PROMOTES BALANCED REGIONAL DEVELOPMENT  REDUCES CONCENTRATIONOF ECONOMIC POWER  WEALTH CREATIONAND DISTRIBUTION
  5. 5.  INCREASING GROSS NATIONAL PRODUCT AND PER CAPITA INCOME  IMPROVEMENT IN STANDARDOF LIVING  PROMOTESCOUNTRY’S EXPORTTRADE  MOBILAIZATION OF LOCAL RESOURCES.  CONSUMER DEMANDS  GROWTH OF INFRASTRUCTURE  DEVELOPMENT OFTRADE
  6. 6.  MECHANISATIONAND STANDARDISATION  INCREASE IN GOVERNMENT INCOME  CREATING INNOVATION.  “ECONOMIC DEVELOPMENT ISTHE EFFECT FORWHICH ENTREPRENUERSHIP ISTHE CAUSE”

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