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Introduction To Entrepreneurship: by Raveendra Rao K SOM, Manipal

The document discusses entrepreneurship and provides information about notable entrepreneurs from around the world and India. It identifies top entrepreneurs like Larry Page, Sergey Brin, Jeff Bezos, Bill Gates, and Warren Buffett. In India, successful entrepreneurs highlighted include Mukesh Ambani, Lakshmi Mittal, and Azim Premji. The document also outlines key characteristics of entrepreneurs such as innovation, risk-taking, vision, and organizing skills. It discusses the age range most common for entrepreneurs and competencies needed like initiative, persistence, and problem solving.

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61 views

Introduction To Entrepreneurship: by Raveendra Rao K SOM, Manipal

The document discusses entrepreneurship and provides information about notable entrepreneurs from around the world and India. It identifies top entrepreneurs like Larry Page, Sergey Brin, Jeff Bezos, Bill Gates, and Warren Buffett. In India, successful entrepreneurs highlighted include Mukesh Ambani, Lakshmi Mittal, and Azim Premji. The document also outlines key characteristics of entrepreneurs such as innovation, risk-taking, vision, and organizing skills. It discusses the age range most common for entrepreneurs and competencies needed like initiative, persistence, and problem solving.

Uploaded by

raveendramanipal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Introduction to Entrepreneurship

By
Raveendra Rao K
SOM, Manipal

KRR ENT MARCH 2018


Identify these World’s Top Entrepreneurs

Lawrence Page – reputed to be worth a staggering $17.5bn – at 37 years old, Larry is


the co-founder of Google Inc .

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Sergey Brin – again reputed to be worth more than $17.5bn – Brin is also
the co-founder of Google

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Jeffrey Bezos – estimated to be worth in the region of $12.3bn. Founder of Amazon.com

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Bill Gates- Gates is widely thought of as the World’s richest man Gates is estimated
to earn around $250 a second; or $20 million a day.

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Warren Edward Buffett. Buffett became the world’s richest man, kicking Bill Gates from the
throne in 2008 with an estimated worth of $62 billion, according to Forbes magazine.

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Pierre Omidyar – estimated to be worth in the region of $5.2bn – Pierre came to light as
the founder of eBay auction site when he was just 28 years old

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Steve Jobs - Co founder of Apple

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D. Trump - Donald John Trump is an American businessman (Real estate),
entrepreneur, socialite, author and TV celebrity

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Mark Zuckerberg – Founder of Facebook, today Zuckerberg is reputed to be
valued at somewhere close to $4.0bn

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Richard Branson – Founder of Virgin Group (Virgin Atlantic Airlines, Virgin Mobiles, etc)
According to the Sunday Times Rich List his net worth was just over £3 billion in 2009; not
too bad for a guy who can’t spell

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Successful Indian Entrepreneurs of this era

Mukesh Ambani: His assets worth $ 21 billion

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Lakshmi Mittal is ranked as the second richest entrepreneur in India. He is the owner of
the largest steel company in India and at present is residing in London. The total asset of
Lakshmi Mittal is $16 billion. He has funded to 377-foot-tall Mittal Arcel or Mittal Orbit
which is made out of recycled steel. It is UK’s tallest sculpture

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Azim Premji is the Chairman of Wipro. His assets worth $12.2 billion.

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Pallonji Mistry is the holder of Shapoorji Pallonji group and has now split up his
responsibilities with his younger son Cyrus. Cyrus is considered to replace Indian
business legend Ratan Tata as the chairman of Tata sons when Tata retires.

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Dilip Shanghvi is the founder of Sun Pharmaceutical Industry – one of the
expensive drug makers in the country. The group has an asset of $9.2 million

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Adi Godrej is famous with consumer goods and real estate in India. His total asset is $9 billion.

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Savitri Jindal is known for her steel and power plants. Her asset at present is $8.2 billion

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Shahsi and Ravi RuiaThe .total assets of Ruia brothers are $ 8.1 billion.(Essar
Group)

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Hinduja Brothers are known for their flagship brand, Ashok Leyland, a commercial vehicle
mart in India. They are also skilled in defense, energy, petroleum, media and technology.
The total asset of Hinduja brother is $8 billion.

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Kumar Mangalam Birla of Aditya Birla group . Aditya Birla today has revenue of $40
billion but has a dream of reaching $65 billion by 2015. The Birla group has also
acquired Canadian pulp mill Terrace bay of $ 110 million. However, the total asset of
Birla is $7.8 billion.

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Top Women entrepreneurs of India

INDU JAIN
Chairperson of India’s largest media group, Bennett, Coleman & Co. Ltd., which owns
the Times of India and other large newspapers

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Kiran Mujumdar Shaw
Biocon

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Indra Nooyi
CFO and President of PepsiCo.

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Vandana Luthra
VLCC, a beauty and wellness giant has it’s presence in
11 countries across Asia, Africa and the GCC (Gulf
Cooperation Council)
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Naina Lal Kidwai
Country head and Group GM, HSBC

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Chanda Kochar
MD and CEO, ICICI Bank

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Ekta Kapoor
CEO Balaji Telefilms

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Suchi Mukherjee
CEO, Limeroad

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Richa Kar
CEO Zivame

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Aditi Gupta
CEO Menstrupedia

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Basics of an entrepreneur
ORGANISATION

URGE INNOVATION

SKILL RISK

VISION ENTERPRISE

GROWTH
MANAGEMENT
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Who is an Entrepreneur?
According to Joseph A Schumpeter,
entrepreneur is an innovator who carries out
new combination to initiate the process of
economic development through introduction of
new products, new markets, conquests of new
source of raw material and establishment of a
new organization of industry.

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Innovation occurs through
1. Introduction of new quality in a product
2. New product
3. Discovery of a fresh demand and fresh source
of supply and
4. By changes in organization and management

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Key elements involved in entrepreneurship

1. Innovation
2. Risk-taking
3. Vision
4. Organising skills

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Right age and Qualification for becoming
entrepreneur?
• Average age: 36 years ( as per INSEAD MBA
Survey)

• No co-relation between education and an


entrepreneur

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Entrepreneurial competencies
1. Initiative
2. Looking for opportunity
3. Persistence/Tenacity
4. Information seeker
5. Quality standards (for one’s performance)
6. Commitment to work
7. Commitment to efficiency
8. Proper Planning
9. Problem solver
10.Self confidence
11.Assertive (for sure believes in his abilities)
12.Persuasive
13.Effective monitoring
14.Employees welfare (takes personal interest in solving employees
problem)
15.Effective strategist KRR ENT MARCH 2018
Characteristics of entrepreneurs
1. Mental ability (intelligent and creative)
2. Clear objectives
3. Business Secrecy (knows well the competition)
4. Human relation ability : maintains good relation with customers,
suppliers, financial institutions, regulatory bodies, and community.
5. Communication ability
6. Technical Knowledge
7. Motivator
8. Self-confidence
9. Long- term involvement
10.High energy level/enthusiasm
11.Persistent problem-solver (creative)
12.Initiative
13.Moderate risk-taker
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Competencies of successful entrepreneur
(According to US Agency for International Development)
Proactivity
1. Initiative
2. Assertiveness
Achievement orientation
3. Sees and acts on (identifies opportunities)
4. Efficiency orientation
5. Concern for high quality work
6. Systematic Planning
7. Monitoring
Commitment to others
8. Commitment to work contract
9. Recognising the importance of business relationship
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