Friday 9 December 2011
Definition of an entrepreneur
Definition of an entrepreneur
An entrepreneur is one who takes risk and bears uncertainity . Any one who undertakes the task of combining capital and labour
is an entrepreneur. He organises and manages a business unit assuming the risk for profit.
According to J.B. Say "An entrepreneur is one who brings together the factors of production and combined them into a product.
He made a clear distinction between a capitalist and an entrepreneur. capitalist only a financier.
Entrepreneur is the co-ordinator and organiser of a business enterprise.
According to Joseph. A schumpeter " entrepreneur is a person who introduces,innovate changes in an economy.
They are essentially motivated and talented class of people and key figures in development.They foresee the potentially profitable
opportunity and tries to exploit it. Innovation involves problem-solving and it may occur in any of the various forms viz introduction of new product,
an improvement,introduction of new methods f production, opening of new markets, comquest of new source of supply of raw-materials,
carrying out new forms of organisations,changes in management style etc.
Francis A. Walker defines an entrepreneurs as a person who is endowed with above average ability for organising and co organating the various other factors of production.
He is a pioneer and captain of the industry.
The more combentent the entrepreneur , the more will be the profit as his reward.
Peter .F. Drucker in his book "Innovative entrepreneur " defined entrepreneur as " one who always searches for change,respond to it as an opportunity."
Thus different writers have defined entrepreneur in different ways. Genarally there is no accepted definition or model of what the entrepreneur is or does.
An entrepreneur is one who takes risk and bears uncertainity . Any one who undertakes the task of combining capital and labour
is an entrepreneur. He organises and manages a business unit assuming the risk for profit.
According to J.B. Say "An entrepreneur is one who brings together the factors of production and combined them into a product.
He made a clear distinction between a capitalist and an entrepreneur. capitalist only a financier.
Entrepreneur is the co-ordinator and organiser of a business enterprise.
According to Joseph. A schumpeter " entrepreneur is a person who introduces,innovate changes in an economy.
They are essentially motivated and talented class of people and key figures in development.They foresee the potentially profitable
opportunity and tries to exploit it. Innovation involves problem-solving and it may occur in any of the various forms viz introduction of new product,
an improvement,introduction of new methods f production, opening of new markets, comquest of new source of supply of raw-materials,
carrying out new forms of organisations,changes in management style etc.
Francis A. Walker defines an entrepreneurs as a person who is endowed with above average ability for organising and co organating the various other factors of production.
He is a pioneer and captain of the industry.
The more combentent the entrepreneur , the more will be the profit as his reward.
Peter .F. Drucker in his book "Innovative entrepreneur " defined entrepreneur as " one who always searches for change,respond to it as an opportunity."
Thus different writers have defined entrepreneur in different ways. Genarally there is no accepted definition or model of what the entrepreneur is or does.
Thursday 8 December 2011
Historical Background of Entrepreneurship
The term 'entrepreneurship' was derived from the 17th century French word "entreprendre". The term
refers to individuals who were undertakers, ie, who undertook the risk of new enterprise.In fact,
entrepreneurs in the ancient times were solidiers of fortune,adventures,builders and merchants.
The term "entrepreneur" was first introduced by the French economist Richard cantillon in 1755.
But the concept gained prominence from 1800, due to the work of French Economist J.B Say used the
term to describe some one who shifts economic resources of an area of lower productivity into one of higher
productivity and greater yield.
Adam smith viewed the entrepreneur as a person who undertook the formation of an organisation for commercial purposes.
He therefore , ascribed to the entrepreneur the role of industrialist.
In his view , entrepreneurs reacted to economic change, thereby becoming the economic agents who transformed demand into supply.
In the 19th century , entrepreneurs were gives new name -captain of Industry.
They were risk takers the decision -makers and the individuals who aspired to wealth and were subject to losses.
It was they who gathered managed resources to create new ventures.Over time the meaning of entrepreneur changed
from captain of Industry to an individual who made profit at the expense of other member of the society
refers to individuals who were undertakers, ie, who undertook the risk of new enterprise.In fact,
entrepreneurs in the ancient times were solidiers of fortune,adventures,builders and merchants.
The term "entrepreneur" was first introduced by the French economist Richard cantillon in 1755.
But the concept gained prominence from 1800, due to the work of French Economist J.B Say used the
term to describe some one who shifts economic resources of an area of lower productivity into one of higher
productivity and greater yield.
Adam smith viewed the entrepreneur as a person who undertook the formation of an organisation for commercial purposes.
He therefore , ascribed to the entrepreneur the role of industrialist.
In his view , entrepreneurs reacted to economic change, thereby becoming the economic agents who transformed demand into supply.
In the 19th century , entrepreneurs were gives new name -captain of Industry.
They were risk takers the decision -makers and the individuals who aspired to wealth and were subject to losses.
It was they who gathered managed resources to create new ventures.Over time the meaning of entrepreneur changed
from captain of Industry to an individual who made profit at the expense of other member of the society
New 'psychic' octopus Messi predicts Barcelona win
Tuesday 6 December 2011
The Concept of Entrepreneurship
The Primary objective of developing countries like India is to achieve rapid, balanced and sustained rate of economic growth. Hence efforts are directed towards the creation of conditions in which a fast development of productive resources can take place.
Industrialisation accelerates economic growth, increases national income, brings about structural changes in the economy , induces social changes and promotes entrepreneurship . Industrialisation results from the interaction of technological change, innovation, entrepreneurial growth , specialization and trade.
An entrepreneur is one of the important segments of economic growth. The need for a broad based entrepreneurial class in India arises from the need to speed up the process of activating the factors of production, leading to higher rate of economic growth , dispersal of economic activities development of backward and tribal areas, creation of employment opportunities, improvement in the standard of living of the weaker section of the society and involvement of all sections of the society in the process of growth.
Who is an Entrepreneur ?
Basically, an entrepreneur is a person who is responsible for setting up a business or an enterprise. In fact , he is one who has the initiative , skill for innovation and who looks for high achievements. He is a catalytic agent of change and works for the growth of people.
An entrepreneur is some one who identifies an opportunity , collects the money and other resources needed to exploit that opportunity and takes some or all of the risks associated with industrial or business projects.
Industrialisation accelerates economic growth, increases national income, brings about structural changes in the economy , induces social changes and promotes entrepreneurship . Industrialisation results from the interaction of technological change, innovation, entrepreneurial growth , specialization and trade.
An entrepreneur is one of the important segments of economic growth. The need for a broad based entrepreneurial class in India arises from the need to speed up the process of activating the factors of production, leading to higher rate of economic growth , dispersal of economic activities development of backward and tribal areas, creation of employment opportunities, improvement in the standard of living of the weaker section of the society and involvement of all sections of the society in the process of growth.
Who is an Entrepreneur ?
Basically, an entrepreneur is a person who is responsible for setting up a business or an enterprise. In fact , he is one who has the initiative , skill for innovation and who looks for high achievements. He is a catalytic agent of change and works for the growth of people.
An entrepreneur is some one who identifies an opportunity , collects the money and other resources needed to exploit that opportunity and takes some or all of the risks associated with industrial or business projects.
About Business
Business is an economic activity, which is related with continuous and regular production and distribution of goods and services for satisfying human wants.
All of us need food, clothing and shelter. We also have many other household requirements to be satisfied in our daily lives. We met these requirements from the shopkeeper. The shopkeeper gets from wholesaler. The wholesaler gets from manufacturers. The shopkeeper, the wholesaler, the manufacturer are doing business and therefore they are called as Businessman.
Stephenson defines business as, "The regular production or purchase and sale of goods undertaken with an objective of earning profit and acquiring wealth through the satisfaction of human wants."
s conducted."
Lewis Henry defines business as, "Human activity directed towards producing or acquiring wealth through buying and selling of goods."
Thus, the term business means continuous production and distribution of goods and services with the aim of earning profits under uncertain market conditions.
The businessman also desires to satisfy human wants through conduct of business. By producing and supplying various commodities, businessmen try to promote consumer's satisfaction.
All of us need food, clothing and shelter. We also have many other household requirements to be satisfied in our daily lives. We met these requirements from the shopkeeper. The shopkeeper gets from wholesaler. The wholesaler gets from manufacturers. The shopkeeper, the wholesaler, the manufacturer are doing business and therefore they are called as Businessman.
Definitions of Business
Stephenson defines business as, "The regular production or purchase and sale of goods undertaken with an objective of earning profit and acquiring wealth through the satisfaction of human wants."
s conducted."
Lewis Henry defines business as, "Human activity directed towards producing or acquiring wealth through buying and selling of goods."
Thus, the term business means continuous production and distribution of goods and services with the aim of earning profits under uncertain market conditions.
Features of Business :
1. Exchange of goods and services
All business activities are directly or indirectly concerned with the exchange of goods or services for money or money's worth2. Deals in numerous transactions
In business, the exchange of goods and services is a regular feature. A businessman regularly deals in a number of transactions and not just one or two transactions3. Profit is the main Objective
The business is carried on with the intention of earning a profit. The profit is a reward for the services of a businessman.4. Business skills for economic success
Anyone cannot run a business. To be a good businessman, one needs to have good business qualities and skills. A businessman needs experience and skill to run a business5. Risks and Uncertainties
Business is subject to risks and uncertainties. Some risks, such as risks of loss due to fire and theft can be insured. There are also uncertainties, such as loss due to change in demand or fall in price cannot be insured and must be borne by the businessman.6. Buyer and Seller
Every business transaction has minimum two parties that is a buyer and a seller. Business is nothing but a contract or an agreement between buyer and seller.7. Connected with production
Business activity may be connected with production of goods or services. In this case, it is called as industrial activity. The industry may be primary or secondary.8. Marketing and Distribution of goods
Business activity may be concerned with marketing or distribution of goods in which case it is called as commercial activity9. Deals in goods and services
In business there has to be dealings in goods and service.10. To Satisfy human wants
The businessman also desires to satisfy human wants through conduct of business. By producing and supplying various commodities, businessmen try to promote consumer's satisfaction.
Sunday 4 December 2011
ഈ-മെയില് ഐഡിയും ഇന്റര്നെറ്റ് പ്രാവീണ്യവും ഇല്ലെങ്കിലും അധ്വാനിച്ചാല് നിങ്ങള്ക്ക് കോടീശ്വരനാകാം.
മൈക്രോസോഫ്റ്റിന്റെ ഓഫീസില് ഒരു പ്യൂണിന്റെ ഒഴിവുണ്ടെന്നറിഞ്ഞ് ഒരു ചെറുപ്പക്കാരന് ഇന്റര്വ്യൂവിനു ചെന്നു. ഇന്റര്വ്യൂ കഴിഞ്ഞപ്പോള് മാനേജര് പറഞ്ഞു: "നിങ്ങളെ അപ്പോയിന്റ് ചെയ്തിരിക്കുന്നു. ജോയിന് ചെയ്യുന്നതിനുമുമ്പ് നിങ്ങള് ഒരു ഫോറം പൂരിപ്പിച്ചു തരണം. ഫോറം നിങ്ങള്ക്ക് ഈ-മെയിലായി അയച്ചുതരാം. എന്താണ് നിങ്ങളുടെ ഈ--മെയില് ഐഡി?". ഈ-മെയില് ഐഡിയോ? അയാള് പകച്ചു. അങ്ങനെ ഒരു സാധനത്തെപ്പറ്റി അയാള് കേട്ടിട്ടേ ഇല്ലായിരുന്നു. "എനിക്ക് ഈ-മെയില് ഐഡി ഇല്ല" അയാള് പറഞ്ഞു. "അതിനര്ത്ഥം നിങ്ങള് ജീവിച്ചിരിക്കുന്നില്ല എന്നാണ്. ജീവിച്ചിരിക്കാത്ത ആള്ക്ക് ജോലി തരാന് വയ്യ", മാനേജര് കൈ കഴുകി. നിരാശനായി പുറത്തിറങ്ങിയ ചെറുപ്പക്കാരന് എന്തു ചെയ്യണമെന്നറിയാതെ കുഴങ്ങി. പോക്കറ്റില് ആകെയുള്ളത് ഇരുപത് ഡോളര്. ഒടുവില് അയാള്ക്കൊരു ബുദ്ധി തോന്നി. മാര്ക്കറ്റില് പോയി ആ ഇരുപത് ഡോളര് കൊടുത്ത് അയാളൊരു പെട്ടി തക്കാളി വാങ്ങി. അതും ചുമന്ന് വീടുവീടാന്തരം കയറിയിറങ്ങി നടന്ന് വിറ്റപ്പോള് ഉച്ചയൂണിന് മുമ്പുതന്നെ അയാള്ക്ക് 36 ഡോളര് കിട്ടി. ഉച്ചതിരിഞ്ഞും അയാള് അതാവര്ത്തിച്ചു. വൈകീട്ട് വീട്ടില് പോകുമ്പോള് അയാളുടെ കയ്യില് 65 ഡോളറുണ്ടായിരുന്നു. അങ്ങനെ അയാളൊരു ബിസിനസ്സുകാരനായി.* ** *5 കൊല്ലം കഴിയുമ്പോളേയ്ക്കും ഒരുപാട് ലോറികളും ഗോഡൌണുകളുമൊക്കെയുള്ള ഒരു വലിയ റീടെയ് ലര് ആയത്രെ അയാള്. അപ്പോളാണ് കുടുംബാഗങ്ങള്ക്കെല്ലാം ഇന്ഷുറന്സ് എടുക്കാമെന്ന് അയാള് വിചാരിച്ചത്. ഇന്ഷുറന്സ് കമ്പനിയുടെ സെയിത്സ്മാന് വന്ന് പോളിസികളെപ്പറ്റി അയാളോട് വിശദീകരിച്ചു. ഒടുക്കം സെയിത്സ്മാന് അയാളോട് അയാളുടെ ഈ-മെയില് ഐഡി ചോദിച്ചു. "ഇല്ല, എനിക്ക് ഈ-മെയില് ഐഡി ഇല്ല" അയാള് മറുപടിച്ചു. ഹെന്ത്, കോടീശ്വരനായ ഒരു ബിസിനസ്സുകാരന് ഈ-മെയില് ഐഡി ഇല്ലെന്നൊ? സെയിത്സ്മാന് വിശ്വസിക്കാന് കഴിഞ്ഞില്ല. അയാളയാളുടെ ഡയലോഗ് വിരുത് പുറത്തെടുത്തു: "ഈ-മെയില് ഐഡി ഇല്ലാതെ തന്നെ നിങ്ങള് കോടീശ്വരനായി.
അപ്പോള് ഒരു ഈ-മെയില് ഐഡി കൂടി ഉണ്ടായിരുന്നെങ്കില് എന്താകുമായിരുന്നുവെന്ന് സങ്കല്പ്പിച്ചു നോക്കൂ". മറുപടി പറയാന് അയാള്ക്ക് ഒട്ടും ആലോചിയ്ക്കേണ്ടി വന്നില്ല
. "ഓ, സങ്കല്പ്പിക്കാനൊന്നുമില്ല. ഒരു ഈ-മെയില് ഐഡി ഉണ്ടായിരുന്നെങ്കില് ഞാന് മൈക്രോസോഫ്റ്റിലെ പ്യൂണായേനെ”
. ഗുണപാഠം 1: ഇന്റര്നെറ്റ് നിങ്ങളുടെ ജീവിതവിജയത്തിലേയ്ക്കുള്ള വഴി തുറക്കണമെന്ന് ഒരു നിര്ബന്ധവുമില്ല.
ഗുണപാഠം 2: ഈ-മെയില് ഐഡിയും ഇന്റര്നെറ്റ് പ്രാവീണ്യവും ഇല്ലെങ്കിലും അധ്വാനിച്ചാല് നിങ്ങള്ക്ക് കോടീശ്വരനാകാം.* ** *
ഗുണപാഠം 3: ഈ കഥ ഈ-മെയില് വഴിയാണ് നിങ്ങള്ക്ക് കിട്ടുന്നതെങ്കില് ഒരു പ്യൂണിനെപ്പോലെ ജീവിച്ചു മരിയ്ക്കാന് നിങ്ങള്ക്കുള്ള സാധ്യത വളരെ അധികം.
NB: എനിയ്ക്ക് ഇത് തിരിച്ച് ഈ-മെയില് ചെയ്തിട്ട് കാര്യമില്ല. ഞാന് എന്റെ ഈ-മെയില് ഐഡി ക്ലോസ് ചെയ്ത് തക്കാളി വില്ക്കാന് പോയിരിക്കുന്നു.
അപ്പോള് ഒരു ഈ-മെയില് ഐഡി കൂടി ഉണ്ടായിരുന്നെങ്കില് എന്താകുമായിരുന്നുവെന്ന് സങ്കല്പ്പിച്ചു നോക്കൂ". മറുപടി പറയാന് അയാള്ക്ക് ഒട്ടും ആലോചിയ്ക്കേണ്ടി വന്നില്ല
. "ഓ, സങ്കല്പ്പിക്കാനൊന്നുമില്ല. ഒരു ഈ-മെയില് ഐഡി ഉണ്ടായിരുന്നെങ്കില് ഞാന് മൈക്രോസോഫ്റ്റിലെ പ്യൂണായേനെ”
. ഗുണപാഠം 1: ഇന്റര്നെറ്റ് നിങ്ങളുടെ ജീവിതവിജയത്തിലേയ്ക്കുള്ള വഴി തുറക്കണമെന്ന് ഒരു നിര്ബന്ധവുമില്ല.
ഗുണപാഠം 2: ഈ-മെയില് ഐഡിയും ഇന്റര്നെറ്റ് പ്രാവീണ്യവും ഇല്ലെങ്കിലും അധ്വാനിച്ചാല് നിങ്ങള്ക്ക് കോടീശ്വരനാകാം.* ** *
ഗുണപാഠം 3: ഈ കഥ ഈ-മെയില് വഴിയാണ് നിങ്ങള്ക്ക് കിട്ടുന്നതെങ്കില് ഒരു പ്യൂണിനെപ്പോലെ ജീവിച്ചു മരിയ്ക്കാന് നിങ്ങള്ക്കുള്ള സാധ്യത വളരെ അധികം.
NB: എനിയ്ക്ക് ഇത് തിരിച്ച് ഈ-മെയില് ചെയ്തിട്ട് കാര്യമില്ല. ഞാന് എന്റെ ഈ-മെയില് ഐഡി ക്ലോസ് ചെയ്ത് തക്കാളി വില്ക്കാന് പോയിരിക്കുന്നു.
Subscribe to:
Posts (Atom)