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BY
MISS HUMAIRA KHAN

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 An individual who takes risks and starts
something new for its business

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€ Earliestperiod
Marco polo who establish to attempted a
trade route to the far east .
€ MIDDLE AGES
In the middle ages , the term ENTREPRENEUR
used to describe both an actor and a person
who manage large production projects

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€ 17thCENTURY
The remergement connection of risk with
ENTREPRENEURSHIP developed in 17thh century being a
person who entered into the contractual arrangement
with the government to perform it and at that time the
price was fix and results to loss and profits
€ 18th century
y
A person with capital is different from the other who
don’t have it . He was distinguish with the capital
provider to the people

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€ 19thand 20th century
In 19th and 20th century ENTREPRENEUR were viewed as
a economic prospector
They organize and operates an enterprise for personal
gains and pays current prices for material consume in the
business

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€ The process of creating something new with
the value by devoting the necessary time and
effort assuming the accompanying financial
physhic
h hi and d social
i l risk
i k and
d recieveing
i i the
h
resulting rewards of menetory and personal
satisfaction and independence

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Change from present lifestyle
•Work environment Form new entreprise
p
•Disruption Desirable
1. Culture
2. Subculture
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3. Family
4. Teachers
5. Peers
POSSIBLE
1. Government
2. Background
3. Marketing
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4. Financing
5. Role models

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 Useful classical system divides it in to three
categories
1. Life style firms
2. Foundation companies
3. High –potentials ventures

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€ The firm life style
Is privately held and usually achieves only modest
growth rate due to nature of the business and
objectives . This type of firm usually growth after
several years to 30 to 40 employs and have annual
revenues of $ 2 millions
€ The foundation company
p y
Is created from research and development and lays a
foundation for a new business area . This firm can
grow in to 5 to 10 years from 40 to 400 amd from 10 to
20 million in revenue
€ High potential ventures
Is one that recieves the greates investment and interest
and publicity . While company may start out like a
foundation .its growth is far more rapid. Could employ
500 people and revenue is $ 30 millions 10
€ In spite of the importance of investment and
innovations in the economic development of
an area there is still a lack of understanding
off the
h product
d evolution
l i process. Thi
This iis the
h
process through which innovations develop
and analysis the activities of
ENTREPRENEURSHIP

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€ Government as an ENTREPRENEUR
The government is one conduit for commercializing the
results of the synthesis of social needs and technology .
This is also called technology transfer and has been focus
on the significant amount of research effort

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€ INTRAPRENEURSHIP
That is within the existing organization and can also bridge
the gap between the science and the market place

€ ENTREPRENEURSHIP
Another method to bridge the gap between science and
market place is ENTREPRENEURSHIP . Thay may lack
marketing skills , marketing capabilities and financial
resources

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€ Since1985 there has been increase in the
carrier and education . It is due to such
factors like moral job creation and
i
innovations
i

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€ TECHNICAL SKILLS
1. Writing
2. Oral communication
3. M it i environment
Monitoring i t
4. Technical business management
5. Technology
6. Interpersonal
7. Listening
8. Abilit to
Ability t recognize
i
9. Network building •PERSONAL ENTREPRENEURSHIP SKILLS
10. Management styles 1. Inner control
11. Coching
12. Being a team player 2. Risk taker
€ BUSINESS MANAGEMENT SKILLS 3
3. Innovations
1.

2.
Planning ang goal settings
Decision making
4. Change oriented
3. Human relations 5. Persistent
4. Marketing 6. Visionary leader
Finance
7. Ability to manage change
5.

6. Accounting
7. Management
8. Control
9. Negotiaitions
10. Venture launch
11. Managing growth

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€ Managers attitude are relevent to the
organizational climate precieved to the
supportive of the law and professionals code
off ethics
hi

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