Entrepreneurship creating and leading an entrepreneurial organization

A new venture or business always stands on the precarious ground of unpredictable challenges wherein it is constantly subjected to pressures from competition and the ever changing dynamics of the market. In this scenario, a venture can only be successful, if it is guided by an entrepreneur who measu...

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Bibliographic Details
Main Author: Kumar, Arya
Format: eBook
Language:English
Published: New Delhi Dorling Kindersley (India)/Pearson 2012
Series:Pearson always learning
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
Table of Contents:
  • 2.3.1 To Have Freedom and Independence
  • 2.3.2 To Earn Lots of Money
  • 2.3.3 To Use Creativity and Personal Skills
  • 2.3.4 To Overcome Challenges
  • 2.3.5 To Become a Community Booster/Job Provider
  • 2.3.6 To Strengthen Resume
  • 2.3.7 To Become a Network Builder
  • 2.3.8 To Be an Inspiration and Example for Others
  • 2.3.9 To Create Wealth for Family and Society
  • 2.4 Entrepreneurship as a Career Option
  • 2.4.1 Knowledge-driven Entrepreneurship
  • 2.4.2 Entrepreneurs-Born or Made
  • 2.4.3 Inspiration from Role Models
  • 2.5 Why Youth is Suited for Entrepreneurship
  • 2.6 Female Entrepreneurship
  • 2.6.1 Facilitating Entrepreneurship for Women
  • 2.7 Small and Medium Business Enterprises
  • 2.8 International Entrepreneurship
  • 2.9 Entrepreneurship Development-Role of Educational Institutions
  • 2.9.1 Entrepreneurship and Strategic Management
  • 2.10 Mistakes Start-Ups Make
  • 2.10.1 Single Founder or Not Having a Good Team
  • 2.10.2 Entering into a Business Without Ensuring Competitive Advantage
  • 2.10.3 Weak Planning and Wrong Assessment of Market Potential
  • 2.10.4 Underestimating the Cost and Overestimating the Price
  • 2.10.5 Not Having Financial Prudence
  • 2.10.6 Lack of Financial Tie-ups and Awareness on Approvals Required
  • 2.10.7 Failure Due to Wrong or Non-ethical Purchasing Decisions
  • 2.10.8 Production Lacunae
  • 2.10.9 Lack of Flexibility and Obsession with an Idea
  • 2.11 Managing Start-Ups During Downturn
  • 2.12 Entrepreneurship-Emerging Trends in the Global knowledge Economy
  • 2.12.1 Benefits and Emerging Challenges of e-Commerce
  • Key Concepts
  • Endnotes
  • References
  • Conceptual Questions
  • Critical Thinking Questions
  • Case 2.1: Pets.Com
  • Chapter 3: Entrepreneurial Leadership
  • Learning Objectives
  • 3.1 Leader vs Manager
  • 3.1.1 Managers
  • 3.1.2 Leaders
  • 3.2 Why do Ventures Require Dynamic Leaders?
  • Case 5.2: Opportunity-Earthmoving Industry
  • Chapter 6: Legal Aspects of Business
  • Learning Objectives
  • 6.1 Introduction
  • 6.2 Formation of a Business Entity
  • 6.2.1 Ownership
  • 6.2.2 Cost of Incorporation
  • 6.2.3 Minimum Number of Promoters
  • 6.2.4 Limit of Liability
  • 6.2.5 Record Keeping and Statutory Requirements
  • 6.2.6 Continuity of a Business
  • 6.2.7 Capital Requirements
  • 6.2.8 Management Control
  • 6.3 Taxation Matters for Different Forms of Ventures
  • 6.4 Meaning of Holding Company
  • 6.5 Deemed Public Limited Company
  • 6.6 Requirements for Incorporation of a Private/Public Limited Company
  • 6.7 Board of Directors-Roles and Responsibilities
  • 6.7.1 Role of the BOD
  • 6.7.2 Responsibilities of the Directors
  • 6.8 Procedure for Setting up a Business in India
  • 6.9 Legal Acts Governing Businesses in India
  • 6.9.1 Factories Act
  • 6.9.2 Contract Labour (R&A) Act
  • 6.9.3 Payment of Wages Act
  • 6.9.4 Minimum Wages Act
  • 6.9.5 Payment of Bonus Act
  • 6.9.6 Employment Exchanges Act
  • 6.9.7 Provident Fund Act
  • 6.9.8 Profession Tax Act
  • 6.9.9 Workmen's Compensation Act
  • 6.9.10 Maternity Benefit Act
  • 6.9.11 Industrial Employment (Standing Orders) Act
  • 6.9.12 Payment of Gratuity Act
  • 6.9.13 Bombay Shops and Establishments Act
  • 6.9.14 Industrial Disputes Act
  • 6.9.15 Employees' State Insurance Act
  • 6.10 Winding up a Registered Company
  • 6.10.1 Voluntary Winding Up of a Registered Company
  • 6.10.2 Creditors' Voluntary Winding-up
  • 6.11 Need for and Selection of a Lawyer
  • Key Concepts
  • Endnotes
  • References
  • Conceptual Questions
  • Critical Thinking Questions
  • Case 6.1: Google
  • Chapter 7: Entrepreneurship and Intellectual Property Rights
  • Learning Objectives
  • 7.1 Introduction
  • 7.2 University Research Leading to Entrepreneurship
  • 7.3 IPRs and their Importance
  • 4.7.3 Using Your Brain Effectively and Absurdly
  • 4.7.4 Mind Mapping
  • 4.7.5 Group Creativity
  • 4.7.6 Focus Groups
  • 4.7.7 Brainstorming
  • 4.7.8 Reverse Brainstorming
  • 4.7.9 Synectics
  • 4.7.10 The Gordon Method
  • 4.7.11 Scientific Method
  • 4.7.12 Value Analysis
  • 4.7.13 Problem Inventory Analysis
  • 4.7.14 Checklist Method
  • 4.7.15 Free Association
  • 4.7.16 Forced Relationships
  • 4.7.17 Attribute Listing
  • 4.7.18 Reversal
  • 4.7.19 Scamper
  • 4.7.20 Collective Notebook Method
  • 4.7.21 Big Dream Approach
  • 4.8 A Good Idea is not Enough
  • Key Concepts
  • Endnotes
  • References
  • Conceptual Questions
  • Critical Thinking Questions
  • Case 4.1: Creativity in Start-UPS
  • Case 4.2: Innovation: Creating and Defending New Sources of Value
  • Chapter 5: Idea to Opportunity
  • Learning Objectives
  • 5.1 Introduction
  • 5.2 Opportunity-Definition
  • 5.3 Opportunity Recognition
  • 5.4 Opportunity Process
  • 5.5 Sources of Opportunity
  • 5.5.1 Broad Categories of Change
  • 5.5.2 Enhancement, Extensions and Specializations to Create Opportunities
  • 5.6 Indian Economy-Opportunities
  • 5.7 Steps Involved in Assessing Business Potential of an Idea
  • 5.7.1 Idea Stage
  • 5.7.2 Concept Stage of an Idea
  • 5.7.3 Product Development Stage
  • 5.7.4 Test Marketing Stage
  • 5.8 Steps Involved in Tapping Opportunity
  • 5.8.1 Seizing the Opportunity
  • 5.8.2 Evaluating Opportunity
  • 5.8.3 Understanding the Timeframe
  • 5.8.4 Computing the Worth of an Opportunity
  • 5.8.5 Establishing Need Through Preliminary Market Research
  • 5.8.6 Market Research-Data Collection and Analysis
  • 5.8.7 Identifying the Need for Partners, if Any
  • 5.8.8 Identifying Resources Required and Sources to Acquire
  • 5.8.9 Managing the Venture
  • Key Concepts
  • Endnotes
  • References
  • Conceptual Questions
  • Critical Thinking Questions
  • Case 5.1: Reusable Diaper
  • 3.3 Principle-Centred Leaders
  • 3.3.1 Continually Learning
  • 3.3.2 Service-oriented
  • 3.3.3 Radiate Positive Energy
  • 3.3.4 Trust Before Allocation of Resources
  • 3.3.5 Lead Balanced Lives
  • 3.3.6 See Life as an Adventure
  • 3.3.7 Are Synergistic
  • 3.3.8 Perspective or Self-renewal
  • 3.4 Entrepreneurial Leadership
  • 3.5 Components of Entrepreneurial Leadership
  • 3.5.1 Determining the Firm's Purpose or Vision
  • 3.5.2 Developing Human Capital
  • 3.5.3 Sustaining an Effective Organizational Culture
  • 3.5.4 Emphasising Ethical Practices
  • 3.5.5 Establishing Balanced Organizational Controls
  • Key Concepts
  • Endnotes
  • References
  • Conceptual Questions
  • Critical Thinking Questions
  • Case 3.1: Link_A_Media Devices
  • Case 3.2: XYZ Transport
  • Case 3.3: Entrepreneurial Profiles
  • Chapter 4: Creativity and Business Ideas
  • Learning Objectives
  • 4.1 Introduction
  • 4.1.1 Vertical Vs Lateral Thinking
  • 4.2 Creativity and Entrepreneurship
  • 4.3 Characteristics of Creative People
  • 4.3.1 Unconventional-Society's Standards, Rituals and Norms
  • 4.3.2 Independent and Individualistic
  • 4.3.3 Sensitive
  • 4.3.4 Not Motivated by Money
  • 4.3.5 Inventive and Intelligent
  • 4.3.6 High Physical Energy and Drive
  • 4.3.7 Visionary
  • 4.3.8 Humble and Proud
  • 4.3.9 Intuitive
  • 4.4 Blocks to Creativity
  • 4.4.1 Habits
  • 4.4.2 Perceptual Blocks
  • 4.4.3 Emotional Blocks
  • 4.4.4 Environmental Blocks
  • 4.4.5 Blocks Within
  • 4.4.6 Rules and Traditions
  • 4.5 Creativity at Work-a Must for Survival
  • 4.6 Sources of New Ideas
  • 4.6.1 Consumers
  • 4.6.2 Existing Products and Services
  • 4.6.3 Distribution Channels
  • 4.6.4 Government Policies and Priorities
  • 4.6.5 Research and Development (R&D)
  • 4.7 Techniques for Generating Ideas
  • 4.7.1 Understanding the Problem
  • 4.7.2 Towards Solving the Problem
  • Cover
  • Contents
  • Preface
  • Acknowledgements
  • About the Author
  • Chapter 1: Fundamentals of Entrepreneurship
  • Learning Objectives
  • 1.1 Introduction
  • 1.2 Key to Development
  • 1.3 Evolving Concept of Entrepreneurship
  • 1.4 What is Entrepreneurship?
  • 1.5 Resource Organization and Value Creation
  • 1.5.1 What is a Resource?
  • 1.5.2 Types of Resources
  • 1.6 Entrepreneurial Traits
  • 1.6.1 Need for Achievement
  • 1.6.2 Locus of Control
  • 1.6.3 Risk-taking
  • 1.6.4 Visionary and Dreamer
  • 1.6.5 Innovative-Being Interested in Something 'New'
  • 1.6.6 Dynamic Leadership
  • 1.6.7 Resourcefulness
  • 1.6.8 Excellent Networker
  • 1.7 Difference between Inventors and Entrepreneurs
  • 1.8 Inspiration from Role Models and Social Support
  • 1.8.1 Social and Psychological Support
  • 1.8.2 Moral Support
  • 1.8.3 Professional Support System
  • 1.9 Business Model
  • 1.10 Entrepreneurship-Mindset
  • 1.11 Big Companies vs Start-Ups
  • 1.12 Misconceptions and Myths about Entrepreneurship
  • 1.12.1 Entrepreneurs are Risk-takers
  • 1.12.2 Entrepreneurship is All About Money and Getting Rich Quickly
  • 1.12.3 Starting a Business Requires a Lot of Money
  • 1.12.4 Entrepreneurs are Born
  • 1.12.5 Entrepreneurship Requires High-tech Invention
  • 1.12.6 Ignorance is Bliss for Entrepreneurs
  • 1.12.7 Entrepreneurs Require Expertise and Experience in Their Line of Business
  • 1.12.8 Venture Capital Funding is a Must
  • 1.12.9 Banks Do Not Lend Money to Start-ups
  • 1.12.10 Starting a Business is Easy
  • Key Concepts
  • Endnotes
  • References
  • Conceptual Questions
  • Critical Thinking Questions
  • Case 1.1: How I Made my first Million
  • Case 1.2: from Candle Seller to CEO
  • Chapter 2: Entrepreneurship Development in Emerging Markets
  • Learning Objectives
  • 2.1 Types of Start-Ups
  • 2.2 Intrapreneurship
  • 2.3 Why Does One become an Entrepreneur?
  • Includes bibliographical references