UNIT-2 ENTREPRENEURSHIP | SSLC SOCIAL SCIENCE NOTES ENGLISH MEDIUM | 10TH SOCIAL SCIENCE PASSING PACKAGE IN ENGLISH MEDIUM |

UNIT-2 

ENTREPRENEURSHIP

Meaning:

● The word entrepreneur derived from word entreprende French

word which means undertake some activity.

● Innovator of new ideas in business process

● it process management skills team building leadership quality on

organising a venture and marketing techniques

● Computers mobile phones courier service instant food are good

example

Entrepreneurship:

● it is a process of an action of an entrepreneur who undertake to

establish his Enterprise

● It is a creative activity it is the ability to create and build something

it is knack of sensing opportunity

● Attitude of mind the seek opportunities. it is a philosophy

Characteristics:

● Creativity

● Dynamism

● Innovation

● Team build

● Leadership quality

● Problem solving

● Risk taking

● Commitment

● Goal oriented

● Self confidence

● Motivation

Functions:

● Starts business by preparing plans

● Organise the factors of production

● Take some decisions

● Coordinates

● Introduce new methods

● Bears risk

● Gives direction for effective operation

Role of an entrepreneur:

● It promotes capital formation and employee resources

● Provides large scale employment to artisans

● Help the country to increase GDP rate of the country

● Develops marketing for growth of economy

● enable the people to avail good quality goods at lower prices

● Promotes development of industries

● Promotes export and import

● remove the regional disparities by industrialisation in rural and

urban areas

● Contribute towards the development of societies by reducing

concentration of wealth

Self employment opportunities:

● Corner tea shop, scrap dealer, cyber shop etc

● MSME Ministry of micro small and medium enterprises. It

encourages entrepreneurship

● Advertising agency

● Marketing consultancy

● Industrial consultancy

● Photocopy centre

● Internet browsing

● Installation operation of cable TV Network

● Beauty parlour

● Industrial testing Labs.

Self employment schemes and Financial Institutions

● IDBI

● NABARD

● Exim

● SIDBI

● IFCI

● ICICI

● LIC

● UTI

● Sfc.

Promotional organisations .

● these institutions support in respect of training financial and

marketing

● District industrial centre

● Small industry Development Corporation Limited

● National Small Industries Corporation

● Small scale industry board

● Industrial estates

● Khadi and village industry Corporation

● Technical consultancy organisation

● Small industries service institution

Successful entrepreneurs;

1. Dr Pratap Reddy

India's first Hospital group called The Apollo Hospitals created first

medical infrastructure in India

2. Naresh Goyal

Founder and chairman of Jet Airways provide domestic and Tyre service

in India

3. Narayan Murthy

Founder of Infosys Technology founded in 1999 it is the first company

listed in NASDAQ. employed 50, 000 people

4. Verghese Kurien

Father of white revolution. Manufacturing Amul Milk products.

Established Anand milk dairy Kheda Gujarat .largest Dairy development

Enterprise

5. Dhirubhai Ambani

He rewritten Indian corporate history. Build Global corporate group

Started his career selling books in Himalayas. Civic dance the gas

station attendant in Africa. Head business and petrochemicals

communication energy retail textile and Logistics. Reliance is now world

leading Global brand.

6. Azim Premji

Chairman of Wipro Technologies largest software company in the India.

It is the largest research and development provider

7. Ekta Kapoor

Queen of Indian television sector and creative director of Balaji telefilms

8. Kiran Mazumdar Shaw

Chairman of Biocon Limited biotechnology company established in 1978.