ENTREPRENEURIAL SYNDROME

SELF RELIANCE AND ABILITY TO ADAPT

GROUP MEMBERS: VIKAS GOLE(14) ROSHAN JADHAV(18) AKSHATA KUTE(30)

What is entrepreneurship?
factor

of production is a body that organizes human and materials resources for the production of goods and services
be the owner of a company, or a manager or a board of director of a public company. source of job creation, empowerment and economic dynamism

may

Contd
prepares

people to be responsible, enterprising individuals who become entrepreneurs or entrepreneurial thinkers and contribute to economic development and sustainable communities thereby become selfsufficient

Entrepreneur as self reliant

Self-reliant

through enterprenuership and attracting money

Originate

viewpoint

from pyschological

Development

occurs when we take it in our own hands to wanting it

Self-Reliance

WAYS BY WHICH A PERSON CAN BECOME SELFRELIANT THROUGH ENTERPRENUERSHIP

1. Develop the spirit of wealth creation and self-employment 2. Risk taking 3. Translating of dream and vision into reality 4. Proper utilization of every difficult situation 5. Developing and creating of school-to-work strategy

Contd
6. A self-reliant person must exercise leadership qualities 7. The political awareness to negotiate 8. Networking with others is the hallmark of the information age 9. A self-reliant person must exercise leadership qualities

IMPORTANCE OF ENTREPRENEURSHIP AND SELF-RELIANT

You

are responsible for your own success The sky is not the limit of an entrepreneur but his stepping-stone. The satisfaction of achieving a goal for your personal benefit You are the Boss of yourself You are able to control your own destiny. Creating of employment opportunities for others.

Contd
It

encourages risk taking and learning from failure, learn to identify and recognize useful opportunities. Total freedom to choice and enjoy the wishes of your heart. There is sense of security and happiness . There is a personal sense of satisfaction, accomplishment and fulfillment. It is an open-ended opportunities and challenges

Ability to adapt
response

changes habit of being constantly attentive to happening Rather than resisting or resenting change, entrepreneurs have the ability to easily adapt to changing circumstances and conditions.

quickly to environmental

Ability to adapt
Example:
A good example of an internet entrepreneurs failing to adapt to the changes is that of Myspace, Orkut etc. when pitted against Facebook. When Facebook came and revolutionized the social networking scene it was the responsibility of the guys over at Mysapce to level up their game. Instead, they did not cater to the new needs. So we can see that myspace was surrender to facebook in a recent agreement

Conclusion
It is no doubt that entrepreneurship is a strong acquisition programme that will help people to become a better and greater individual in the society. Self-reliant can not be achieved in an atmosphere where entrepreneurial activities are lacking. Therefore self-reliance,ability to adapt and tackle, confident, satisfaction, sufficient and contentment can only be properly achieved through entrepreneurship.

Biblography

Babalola, J.B (2008). Modelling Nigeria university system for effective learning and global Revenue. Past, present and perspectives. Lecture delivered for the postgraduate school, university, and calabar, Ibadan, Awemark. FRN (2007). The 9 years Basic Education curriculum at a Glance. Abuja: NERD press. Isah, E.A & Fadunmi, M. (2009) Managing Schools in a Period of Economic Meltdown. European Journals of social science (Vol. 8) (No.4) university of Ibadan. http://www.indiaparenting.com/raisingchild/data/raisingchild05 0.shtml. Retrival on 25/11/09 http://www.entre-ed.org/standardstoolkit/benefits.htm http://www.teenvestors.com./Enterprenuers/biz-benefits/selfeliance.htm.