Entrepreneurship, Innovation and Inubation

Entrepreneurship, Innovation and Inubation

Entrepreneurship, Innovation and Incubation

Home for Dreamers and Doers….

“The reasonable man (woman) adapts  himself (herself) to the world. The unreasonable one persists in trying to adapt the world to him (her). Therefore, all progress depends on unreasonable men (and women).”

-George Bernard Shaw

What is Entrepreneurship?

[pic]“Entrepreneurship is assuming the risks to transform ideas into sustainable enterprises that create value.”

[pic] “An entrepreneur is a person who is willing to put his/her career and financial security on the line and take risks in the name of an idea, spending time as well as capital on an uncertain venture.”


Entrepreneurs make things happen. 
[pic]They are individuals who take a concept and convert it into a reality- A product, policy or institution. 
[pic]They become the champions of a new process, and they are engines of change.
[pic]Entrepreneurship occurs in all areas of life - In business, academy, government and NGO’s.
[pic]Entrepreneurs are everywhere, in Wall Street and the by-lanes of any city.
[pic]Entrepreneurship can be used for good and evil. The Godfather was an entrepreneur that misused his talent.
[pic] “Entrepreneurship is thus being taken as a process of discovering, evaluating and exploiting opportunities.”

An Entrepreneurial Orientation consists of Five Dimensions:

[pic]Risk Taking
[pic]Pro activeness
[pic]Competitive Aggressiveness

Entrepreneurs Can Be Encouraged and Promoted

[pic] Openness to new ideas, freedom from investigation of operation, and promotion and pay based on merit encourage entrepreneurship. 

[pic]Excessive regulation, rigid hierarchy, lack of freedom, and excess control discourage entrepreneurship.

Requirements of Entrepreneurs

[pic] Entrepreneurs need a keen eye to understand economic, social, and scientific realities and the capacity to understand evolutionary processes in the future. ...

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