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UNIT-4





                                                        ENTREPRENEURIAL SKILLS-IV
















                           Learning Outcomes




              •  Entrepreneur and Entrepreneurship                •   ypes of  ntrepreneurs
              •   unctions of an  ntrepreneur                     •   hat Drives an  ntrepreneur's  otivation
              •  Identifying  ossibilities and  aking  isks       •   tartups
              •   arriers to  ntrepreneurship                     •   ntrepreneurial Attitudes
              •  Entrepreneurial Competencies                     •   ntrepreneurial  ompetencies in  articular


            Entrepreneurs recognise an invention in order to capitalise on an opportunity, mobilise money, raise capital, and take
            calculated risks in order to establish a market or start a ne  firm.  he process of boosting entrepreneurial skills and
            e pertise through systematic training and institution building programmes is called entrepreneurship development.
            It focuses on a single person  ho aspires to establish or e tend a business.  ntrepreneurs  ith great potential need
            to be nourished and supported in order to act as role models as  ell as community mentors. An entrepreneurship
            development programme acts as a means of assisting budding entrepreneurs in recognising and designing one of a
            kind distinctive business possibilities by an e amination of local conditions and their o n abilities.
             raining in entrepreneurship development should include support for
            a.   entrepreneurship orientation and a areness
            b.   development of competencies  kno ledge, skills and attitudes) required to recognise a market opportunity and
                organise resources to meet it and
            c.   improvement  of  business  performance  for  gro th  and  competitiveness.   otivation,  in  addition  to  improving
                potential entrepreneurs' desire for success, also aids in the development of coping skills, tolerance for ambiguity
                and in uencing ability.
             he  ational Institute for  ntrepreneurship and  mall  usiness Development is a  agship organisation of the  overnment
            of India's  inistry of  kill Development and  ntrepreneurship that provides training, consulting and research to encourage
            entrepreneurship and skill development.  he Institute's main activities include trainer training, management development
            programmes, entrepreneurship cum skill development programmes, and cluster intervention.

                   Entrepreneur and Entrepreneurship


             he  term   entrepreneur   is  derived  from  the   rench   ord  entreprendre,  meaning   to  undertake.    ntrepreneurship,
            according to  ole, is  a planned action to begin, sustain and e pand a profit oriented enterprise.
             ntrepreneurship, according to  tevenson and  arillo, is  the process by  hich individuals seek opportunities regardless
            of the resources they no  possess.
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