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PPT : Theories & Concept Of Entrepreneurship

Session Objectives At The End Of The Session, Students Should Be Able To:
* Understand The Various Theories And Concepts On Entrepreneurship
* Have A Deeper Understanding Of The Discipline Of Entrepreneurship Ent/Etr300 – Fundamentals Of Entrepreneurship Theories & Concpet Of Entrepreneurship
The Evolution Of Entrepreneurship Theory
Definition Of An Entrepreneur :
* “ An Entrepreneur Is A Person Who UndertaQkes To Do A Job ” Richard Cantillon (1755). The Term Entrepreneur Is A French Word First Coined By Richard Cantillon.
* In Malaysia The Term “Usahawan” Is Used For Entrepreneur. Ent/Etr300 – Fundamentals Of Entrepreneurship Theories & Concpet Of Entrepreneurship
The Evolution Of Entrepreneurship Theory
Definition Of Entrepreneurship:
* Entrepreneurship Involves Not Only The Process That Leads To The Setting Up Of A Business Entity But Also The Expansion And Development Of An On Going Concern.The Study Of Entrepreneurship Is Concerned With The Entrepreneurial Behavior, The Dynamics Of Business Set Up And Expansion And Development. Ent/Etr300 – Fundamentals Of Entrepreneurship Theories & Concpet Of Entrepreneurship
The Evolution Of Entrepreneurship Theory
* Adam Smith (1776) – An Entrepreneur Is A Person Who Acts As Agent In Transforming Demand Into Supply.
* Jean Babtiste Say (1803) – An Entrepreneur Is A Person Who Shifts Resources From An Area Of Low Productivity To High Productivity.

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concept of entrepreneurship ppt

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