
Various Views of Entrepreneurship Concepts and Theories
Explore the diverse perspectives on entrepreneurship including risk-bearing capacity, managerial skills, organizational building capacity, and more presented by Dr. Vandana Pandey. Classical, neo-classical, and modern concepts are discussed, highlighting key aspects such as innovation, dynamic leadership, and risk-taking in commercial activities.
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Presentation Transcript
Entrepreneurship PRESENTED BY DR . VANDANA PANDEY Associate professor Department of Commerce HCPG College, Varanasi.
Concept of Entrepreneurship
Various views of Entrepreneurship Concept 1 -Risk bearing capacity (Richard Cantillon.) (Frank H. Knight) 2- Function of organisation and coordination - (J.B. Say and Alfred Marshall)
3 - Managerial skill - (B.F.Hoeslitz, J.S.Mill) 4- innovative Activity- - (Josheph schumpeter) 5-group level reactiveness - (F.W. Young)
6 - Organisation building capacity - (Fedrick Harbison) 7 - Capacity of high achievement - (Mc Clelland)
Concept Classical concept Capacity of bearing uncertainty and risk. Ability of collecting and organising production factor. Control and superitendence .
Concept Neo classical concept changing ability innovative ability managerial function
Concept Modern concept Modern and commercial ,industrial activities Risk bearing . Promotion new venture. Innovation, dynamic leadership, social innovation.