PDF On Mar 9, 2015, Anurag Pahuja and others published Introduction to Entrepreneurship We use cookies to make interactions with our website easy and meaningful, to better understand the use of. On the search for entrepreneurship books in PDF? We got you covered with our range of eBooks to help you design, launch and run your new business. As entrepreneur, you need to know about the theory and practice that you’ll find in our books.
Important to know the fundamentals of entrepreneurship. Such knowledge involves defining entrepreneurship, highlighting the main variables that determine a person to become entrepreneurs, but also highlighting the characteristics of entrepreneurs and potential errors they can make in creating a business process. Chapter, I present the basic concepts and model of the resource-based theory. There are six types of resources in our theory: financial, physical, technological, human, organi-zational, and reputational. The theory says that entrepreneurs can create sustainable competitive advantage for their ventures when they possess or can acquire and control.
Entrepreneurs fulfill the following three dominant roles −
These are referred to as behavioral roles. All entrepreneurs have these common characteristics and decide to become an entrepreneur due to the factors or circumstances in their lives which made them think the way they do.
To do their work effectively and operate a successful business, these entrepreneurs should perform certain roles. These roles are the same as the basic managerial roles. All such roles are listed out in detail as follows −
Figure Head Role
The entrepreneur needs to be the Head in the organization and participate in ceremonial duties, such as representing the organization in formal and informal events or even being the public spokesperson whenever there is a press release, etc.
Leader Role
Xilisoft full crack. The entrepreneur should also act as a leader because an entrepreneur may need to bring people with dissenting views and approaches to work together as a team. So, he needs to be good with his people management and leadership skills. He has to lead the people by hiring, firing, training and motivating his resources as and when necessary.
Liaison Role
The entrepreneur should also be the liaison officer for his organization. He should be the source of link with the outside world and business houses, always trying to find an opportunity of working together with other big organizations.
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Monitor RoleBasic Entrepreneurship Skills Pdf
The entrepreneur acts as a regulatory body too; he monitors both the internal and the external environment of the business constantly.
Information Provider and Receiver Role
The entrepreneur should also act as the organizational representative and transmit information internally and externally the organization.
Spokesman Role
The manager should also act as the spokesman of the business and transmit information internally and externally the organization. He needs to be the source of knowledge about his company to potential investors and collaborators.
Basic Entrepreneurship Skills Pdf OnlineEntrepreneurial Role
This is the basic role of the entrepreneur; he/she declares new ideas for the organizations, brainstorms it with the employees and friends and then bears the risk of any unsuccessful implementation.
Disturbance Handler
The entrepreneur needs to act as the mediator and bring people with dissenting thoughts to the table and get them motivated to work together. He needs to handle all conflicts and get the team to focus constantly on the goal.
Resource Allocator
The entrepreneur needs to find out how the available resources can be allocated between different departments of the organization to suit their demands and necessities. This helps them achieve the organizational goals and the objectives.
Negotiator Role
The entrepreneur must negotiate on behalf of the organization both internally with the staff as well as with the external investors or collaborators. At such opportunities, the entrepreneurs need to be more focused on their role of being a ‘win-win” deal breaker.
Added Roles of an Entrepreneur
Apart from the above-mentioned roles, there are some specific entrepreneurial roles that a person is supposed to fill up in his duties of an entrepreneur. These are divided into three categories, which are as follows −
Introduction To Entrepreneurship Pdf
Entrepreneurship Skills Development Pdf
Let us now discuss each of them in detail.
Social Roles of Entrepreneur
Economic Roles of Entrepreneur
Technological Roles of EntrepreneurWhat Is Entrepreneurship
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