Professional Documents
Culture Documents
What is Entrepreneurship?
30%
20%
20%
Quizzes
15%
15%
Mid Term
Corporate Entrepreneurship
Corporate Entrepreneurship
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Corporate Entrepreneurship
Is the conceptualization of entrepreneurship at the firm
level.
All firms fall along a conceptual continuum that ranges
from highly conservative to highly entrepreneurial.
The position of a firm on this continuum is referred to as its
entrepreneurial intensity.
Entrepreneurial Firms
Proactive
Innovative
Risk taking
Conservative Firms
Take a more wait and see
posture
Less innovative
Risk averse
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Product/Customer Focus
A second defining characteristic of successful
entrepreneurs is a product/customer focus.
An entrepreneurs keen focus on products and customers
typically stems from the fact that most entrepreneurs are, at
heart, craftspeople e.g. Steve Jobs
Execution Intelligence
The ability to fashion a solid business idea into a viable
business is a key characteristic of successful entrepreneurs
e.g. Howard Schultz of Starbucks
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Optimistic disposition
A networker
Persuasive
Achievement motivated
Promoter
Alert to opportunities
Resource assembler/leverager
Creative
Self-confident
Decisive
Self-starter
Energetic
Tenacious
Tolerant of ambiguity
Visionary
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Women Entrepreneurs
Minority Entrepreneurs
Young Entrepreneurs
Interest among young people in entrepreneurial careers
is high.
According to a Harris Interactive survey, 40% of people eight
to 21 years old said theyd like to start their own business
someday.
A total of 59% of the 8- to 21- year olds said they know
someone who has started their own business.
Senior Entrepreneurs
The percentage of U.S.
entrepreneurs who are seniors
jumped from 15% to 23% from
1996 to 2010.
The increase is attributed to
corporate downsizing, a desire
among older workers for more
fulfillment in their lives, a need
for additional income, and
similar factors.
Job Creation
Small businesses are the creators of most new jobs and
employ half of all private sector employees.
According to a Kauffman Foundation survey, 92% of
respondents say entrepreneurs are critically important to job
creation.
Workable/Marketable Ideas
Annual
Sales:
Up
to
Rs.
250
million
Source:
SMEDA
Signicance
of
SMEs
Constitute nearly 90% of enterprises in Pakistan
Employ 80% of the non-agricultural labour force
Signicance
of
SMEs
Assist in regional and local development since SMEs accelerate rural
industrialization by linking it with the more organized urban sector.
Help achieve fair and equitable distribution of wealth by regional
dispersion of economic activities.
Contribute significantly to export revenues because of the low-cost labour
intensive nature of its products.
Have a positive effect on the trade balance since SMEs generally use
indigenous raw materials.
Assist in fostering a self-help and entrepreneurial culture by bringing
together skills and capital through various lending and skill enhancement
schemes.
THE END
Any questions? Please feel free to email me at:
faizankhalid@hotmail.com