Thursday, March 12, 2020

SM CA Inter | What is Entrepreneurship in Hindi-Features and Meaning | CA Inter Strategic Management

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SM CA Inter | What is Entrepreneurship in Hindi-Features and Meaning | CA Inter Strategic Management


SM CA Inter | What is Entrepreneurship in Hindi-Features and Meaning | CA Inter Strategic Management

CH-7 ORGANISATION AND STRATEGIC LEADERSHIP
SECTION 4 ENTREPRENEURSHIP AND INTRAPRENEURSHIP
CONCEPT COVERED-MEANING OF ENTREPRENEURSHIP
CONCEPT OF ENTREPRENEUR
Remember key points
Conceive idea of starting new venture
Takes all types of risks
Put product and service into reality
Makes this product extremely demanding
Looks for business opportunities
Entrepreneurship
Attitudes of mind
Drive benefit by starting and running a venture
Management skill to mobalise resources
An entrepreneur is an individual who conceives the idea of starting a new venture, takes all types of risks, not only to put the product or service into reality but also to make it an extremely demanding one.
An entrepreneur is a person who looks for business opportunity and starts a new enterprise to make use of that opportunity.”
Entrepreneurship is an attitude of mind to seek opportunities, take calculated risk and drive benefits by starting and running a venture.
Entrepreneurship involves creation of a business idea and converting that idea into reality.
Entrepreneurship comprises of numerous activities involved in the conception, creation and running an enterprise. It is a management skill to mobilise resources such as man, money, machine and material to create an enterprise.
Entrepreneur
ENTREPRISE
1 E Establishes a startup company.
2. N Neutralise and faces risks and uncertainties.
3 T Takes decisions to make the product or service a profitable one.
4 R Recognises and utilises opportunity
5 E Ensure to arranges and coordinates resources such as man, money, machine and material.
6 P product or service are made valuable
7 R- Responsible for the profits or losses of the company.
8 I- Initiates and innovates a new concept
9 S Seek opportunities, take calculated risk and drive benefits
10 E- Entreprenure get involved in numerous activities as conception, creation and running an enterprise
Case studies
Flipkart Pvt Ltd Founded by Sachin Bansal and Binny Bansal in 2007
Sachin basal from chandigarh and an IIT DELHI Product in computer engeenering
Started website with RS 400000 to sell books.
See today what did he make this is called
Entrepreuneurship
the company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, and lifestyle products.
The service competes primarily with Amazon's Indian subsidiary, and the domestic rival Snapdeal


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Strategic Management - http://bit.ly/SM_Playlist

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