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ENTREPRENEURS AND THEIR FUNCTIONS.pptx

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ENTREPRENEURS AND THEIR FUNCTIONS.pptx

  1. 1. ENTREPRENEURS AND THEIR FUNCTIONS AS ROY ASH SAYS,”AN ENTREPRENEUR TENDS TO BITE OFF A LITTLE MORE THAN HE CAN CHEW HOPING HE WILL QUICKLY LEARN HOW TO CHEW IT.”
  2. 2. Functions Of an entrepreneur  Entrepreneurs help in job creation:- An entrepreneur creates organisations and makes use of resources and technologies to make profit and business. For making business organized he/she makes small scale units, creating jobs in society.  Entrepreneurs contribute to the economic development:- Entrepreneurs face challenges and make profits in every economic systems. They create jobs , wealth and capital. They promote investment, increase productions and bring competitiveness in business.
  3. 3. Cont.  Entrepreneurs help in enhancing the standard of living of people:- By increasing income of a country of people and by bringing new and better products , they help in improving the standards of living of people.  Entrepreneurs help in bringing new products to the people:- By competing in markets for making profits and winning attention of people entrepreneurs think of new ideas foe new and better products.
  4. 4. Cont.  Entrepreneurs help in increasing productivity :- Entrepreneurs can produce more goods and services with less inputs and play an important role in increasing productivity to provide more to people on higher profits.  Entrepreneurs help promote research and development :- Entrepreneurs try to test their ideas of goods and services by experimentation so they provide funds for research and development with universities and research institutions providing general development and research.
  5. 5. Entrepreneurs are UNIQUE` A BUSINESS DOES NOT GET STARTED BY ITSELF. IT ISTHE ENTREPRENEURWHOTAKESTHE RISKAND ISWILLLING TO FACE DEVASTATING FAILURE . HE BRAVES UNCERTAINTY STRIKESOUT ON HIS OWN ANDTHROUGH NATIVEWIT , DEVOTIONTO DUTY AND SINGLENESS OF PURPOSE , SOMEHOWCREATES BUSINESS AND INDUSTRIALACTIVITIESWERE NON-EXISTED BEFORE . HISVALUESAND ACTIVITIES HAVE BECOME INTEGRAL TOCORPORATECULTURE. AS JOSEPH SCHUMPETER SAYS,” ENTREPRENEURS’TASK IS “ CREATIVE DESTRUCTION”.HE DESTROYSTO CREATE NEWTHINGS . HE CHANGESANDTRANSMUTESVALUE. HIS SEARCHESCHANGEAND RESPONDSTO IT. HE IS A CHANGECREATOR RALPH HARWITZWRITES IN HIS BOOK” REALITIESOF PROFITABILITY”. ENTREPRENEURS MAKEA HAPPENING,WANT PIECE OF ACTION , ISTHE GROWTH MAN.
  6. 6. CONT.  Entrepreneurs help in improving quality of community life and integration of people in a society :- They provide employment to people and also try to attract them for work by providing good salary , working conditions etc.  Entrepreneurs are a source of inspiration:- They inspire youth and other groups of people to never give up and to follow their dreams and ideas , to take risks and succeed In life. Many people decide to become entrepreneur themselves and themselves contribute to the development of their nations.
  7. 7. Cont.  Presented by:-  TAMANNA NAYAK  AASHISH MISHRA  SAGARIKA DASH  ARPITA MAHALLIK  SONAKSHI DASH

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