Role of Entrepreneur

ROLE OF ENTREPRENEUR
iN DEVELOPING COUNTRY

Who is Entrepreneur?
 Who Creates his Own Business who Organises, Operates
and Share the risk of Business.
 Generator of New Ideas,Who makes it Real as New
Innovation.
Richard Cantillon: He considered all persons engaged in
economic activity as Entrepreneurs.

Characteristics of a Good Entrepreneur?
 Mental ability: it refers to intelligence and creative thinking.
 Clear Objective: mainly he should focus on Profit
 Business Secrecy : able to guard Business Secrets
 Human relation ability: The most important factors contributing to
the success of an entrepreneur are emotional stability, personal
relations ,consideration and tactfulness. An entrepreneur must
maintain good relation with his customers.
 Communication Ability: Effective communication means that both
the sender and receiver understand each other and are being
understood.

Characteristics continued…
 Technical knowledge: Technical knowledge is the one ability that most people
are able to acquire if they try hard enough.
 Hard Worker
 Desire for High Achievement : The entrepreneurs have a strong desire to
achieve high goals in Business.
 Highly Optimistic: The successful entrepreneurs are not disturbed by the present
problems faced by them. They are optimistic for future that the situations will
become favorable to business in Future.
 Independence: One of the common characteristics of the successful
entrepreneurs has been that they do not like to be guided by others and to follows
their routine.
 Good Organizer: It is the ability of the entrepreneur that brings together all
resources required for starting up an enterprise and then to produce goods.

Developing Countries
 Approximately 149 Countries are comes under
Developing country
India , Sri lanka, Pakistan, Nepal, Bhutan, Afganistan,
Switzerland, Brazil …etc

Main Functions/Roles of an
Entrepreneur in Developing Country
 Determine objective
 Development of the organization
 Securing resources
 Arranging Technology & Equipment
 Development of New Markets
 Good Relation between Public Authorities and Society
 Management of Human Relations
 Financial Management
 Production Management

Problem Before Entrepreneurs:
 Problem relating to funds
 Problem relating to Administration –
Like : Labour Problem, Poor management
 Problem in respect of Marketing
 Problems in respect of Production
 Problems Relating to upgradation of Technology
 Problem Due to use of Internet
 Problem due to World Trade Organization (W.T.O)

Entrepreneur in Developing Country
*Mrs. Reeta Singh (India): From Dairy Women to Helicopter owner
Founder of Mesco Company
Annual Turnover : 1500 Crore
: Mesco Pharmatical
: Steel Plant
: Leather Goods
: Shoes Company
: Mesco Airline
• Mrs. Paru Jaykrishna (India): Started a chemical factroy in 1991
Asahi Dyechem. Pvt.ltd in 1992

Social Entrepreneurs:
1. Vinoba Bhave (India) - Founder and leader of the
Land Gift Movement, he caused the redistribution of more than
7,000,000 acres (28,000 km²) of land to aid India's
untouchables and landless. Mahatma Gandhi described him as
his mentor.
2. Akhtar Hameed Khan (Pakistan) - Founder of grassroots
movement for rural communities Comilla Model, and low-cost
sanitation programmes (Orangi Pilot Project) for squatter
settlements.

3. Muhammad Yunus (Bangladesh) - Founder of microcredit
and the Grameen Bank. He was awarded the 2006 Nobel
Peace Prize.
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Mr.Azim Premji (Wipro) Mr.Pierre Omidyar (Ebay)

Role of Entrepreneur

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