ENTREPRENEURSHIP
according to J.B. Say “who unites all means of
production and who finds value for products, the re-establishment of
the entire capital he employs, and the value for wages, the interest,
and rent, which he pays as well as the profit belonging to him self
”.
NATUREOF ENTREPRENEURSHIP.
- Single or joint effort:
- a process
- promotion of new venture
- creativity and innovation
- industry oriented effort
- performing social function
- co-ordination of various activities
- creation of wealth
- dynamism
- continuity
CHARACTERISTICS OF SUCCESSFUL
ENTREPRENEUR
- a skillful person
- an innovator
- creative personality
- self confidence
- positive energy
- providing completeness to factors of production
- decision making personality
- plan maker
- dynamic leader
- creator of wealth
- risk taker
- adventurer
FUNCTIONS OF ENTREPRENEUR
- searching ans d identifying various opportunities
- preparation of plan and project report
- risk taking
- financing person.
- Motivation
- leadership
- innovation
- allocation of resources
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Leadership questionnaire