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Presented By (Group 3) Ankita Khare-42 Divya Sahijwani-38 Himani Goel-02 Ishita Jain-52 Jayant Chhabra-28 Pallavi Jain-06
Who is an entrepreneur?
"An entrepreneur is someone who dares to dream the dreams and is foolish enough to try to make those dreams come true."
Entrepreneurship is in blood
o Some people are born with natural talent and risk tolerance, entrepreneur-ship skills can be learned by everyone o Not every person is innovative. This trait is possessed by very few people. o Innovation comes naturally i.e. No one can infuse innovation in any persons mind. o 75% of a person's traits are imbibed genetically and the rest 25% are imbibed by environmental surroundings.
Entrepreneurial DNA
o Ability to make quality decisions at appropriate time is vital in entrepreneurship and no one can teach us this ability. o Of course one can learn from various experiences but the ability to make correct decisions comes naturally. o Passion, the most important trait of entrepreneurship cant be taught or infused in someones mind.
If a person is an entrepreneur then it is likely that his descendants are entrepreneurs too.
JAMSETJI TATA
JRD TATA
RATAN TATA
Ambanis
BIRLA Family
Ford then started the Henry Ford Company, which he also left, before eventually starting the Ford Motor Company in 1903.
Born Visionary
o Henry Ford was determined to build a simple, reliable and affordable car; a car the average American worker could afford. o Out of this determination came the Model T and the assembly line - the two innovations that revolutionized American society and molded the world we live in today.
Steve Jobs
o Was an American businessman and inventor widely recognized as a charismatic pioneer of the personal computer revolution o Co-founder, chairman, and chief executive officer of Apple Inc
Bill Gates
o o o o former CEO and current chairman of Microsoft wealthiest American and the second wealthiest person best-known entrepreneurs of the personal computer revolution criticized for his business tactics
EDPS
o EDPs inculcate relevant attributes ignite the dormant skills , change the outlook an d convert the ideas into action through the systematic and organized training. EDI,AHMEDABAD
Sunil Bharti Mittal: o An Indian telecom mogul, philanthropist and the founder, chairman and Group CEO of Bharti Enterprises o The US$8.3 billion turnover company runs India's largest GSMbased mobile phone service and world's fifth largest wireless company with over 190 million customers across 19 countries in Asia and Africa. o Was one of the first Indian entrepreneurs to identify the mobile telecom business as a major growth area o Mittal has also been working towards educating India through the Bharti Foundation
o Nalin Khanduri: Founded Great Indian Outdoors in 2000, a leading outdoors company destined to become Indias first adventure/outdoors corporation.
E&Y Report
o An Ernst & Young report released on 2 June,2011 : Nature or nurture: Decoding the entrepreneur , based on survey of 685 entrepreneurs worldwide provides insights into the shared characteristics, frustrations and career goals of some of the worlds leading entrepreneurs.
Key Findings
o Entrepreneurial leaders are made, not born. o Entrepreneurship is rarely a one-off decision. o Funding, people and know-how are the biggest barriers to entrepreneurial success. o Entrepreneurs share common traits. o Traditional companies can learn from entrepreneurial leaders.
E&Y Findings
o There is no entrepreneurship gene o Most entrepreneurial leaders start at a young age
E&Y Findings
o More than half of entrepreneurial leaders are transitioned from employees.
E&Y Findings
o 33% entrepreneurs rate experience as number one success factor.
Our Conclusion
o There are important entrepreneurial skills that can be learned. Chief among these is the ability to see and articulate a vision, as well as to build and motivate a team. o There are other critical skills that are innate and difficult to learn like leadership qualities, inner strength, risk-taking capacity, innovation, ability to make correct judgment. Thus, a part of entrepreneurship is in blood and a part of it is not in blood.