1) Intrapreneur – who takes hands on responsibility for creating innovation of any kind within the organization. Dreamer who finds out how to turn an idea into a profitable reality.
2) Peer support in development of entrepreneurship – moral support and encouragement of family members, friends, relatives which inspires, reinforces confidence and prepares him to face new challenges boldly.
3) Women entrepreneurs – enterprise owned and controlled by a woman having a minimum financial interest of 51 percent of the capital and giving atleast 51% of the employment generated.
4) Motivated entrepreneurs – type of entrepreneur motivated by desire for self-fulfillment. They come into being because of the possibility of making and marketing some new products for the use of consumers.
5) Pure entrepreneur – motivated by psychological and economic rewards. Undertakes an entrepreneurial activity for personal satisfaction in work, status or ego.
6) Achievement motivation – individual need for achievement refers to need for personal accomplishment. Drive to excel, strive for success and achieve in relation to a set of standards.
7) Entrepreneurial development programmes – designed to help an individual in strengthening his entrepreneurial motivate and acquiring skills and capabilities necessary for playing his entrepreneurial role effectively.
8) Shortcomings of EDP – no standard courses curricula, institutional commitment is low, literature provided is outdated and insufficient.
9) Outsourcing – transfer or delegation to an external service provider. 2 types – Traditional outsourcing and Greenfield outsourcing.
10) Traditional outsourcing – employees of an enterprise cease to perform the same jobs
11) Greenfield outsourcing – enterprise changes its business processes without hiring any personnel by the service provider.
12) Franchising – legally independent entrepreneurs who has a uniform market identity and share performance of franchises and control system.
13) Benefits of brand name franchising – delivers message clearly, confirms your credibility, connects your target prospects emotionally, motivate buyer etc.
14) Acquisition – purchase of an entire company or part of the company i.e. the company is absorbed completely and no longer exists independently.
15) Ancillarisation – industrial undertaking engaged in the manufacture or production of parts, components, sub-assemblies, tooling or intermediaries or rendering services whose investment in fixed assets in plant and machinery whether held on ownership terms or on lease or on hire-purchase, does not exceed ’10 million.
16) Social entrepreneurship – process of bringing about social change on a major scale. Functions as agents of change, questioning the status quo, grabbing new overlooked opportunities, and changing the world for better.
17) Prominent NGOs in Mumbai – CRY, YUVA, PUCL, SPARC etc.
18) Project identification – collection, compilation and analysis of economic data for eventual purpose of locating possible opportunities for investment. Project identification cannot be complete without brainstorming new ideas.
19) Quantifiable projects – quantitative assessment of benefit can be made e.g. industrial development powers generation etc.
20) Non-quantifiable projects – projects are those where quantitative assessment are not possible e.g. Health education, defence etc.
21) Project evaluation – find out total impact of project on the economy of the nation apart from looking into financial viability of a project in the form of investments, costs and benefits.
22) Project formulation – process where an entrepreneur makes an objective and independent assessment of various aspects of investment proposition of a project idea for determining its total impact and liabilities.
23) Cost-benefit analysis – estimates social cost and social benefits made and presented for computation of social profitability of the project. Purpose is to ascertain all social cost and secondary benefits.
24) Project design – development of detailed work plan of the project and its time profile.
25) Network analysis – carried out to identify the optimal course of action to execute the project within minimum time and keeping in view the available resources.
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