Mr.Soham is young MBA degree holder, Mr. Navin is B.Com graduate. Mr. Soham is willing to start diary farm at his village. Mr. Navin is willing to work as cashier in Private Company 1)find out dream of soham and navin. 2) state anyone feature of entrepreneur. 3) To become successfull entrepreneur which qualities mr. Soham shiuld have ?????
Answers
Answer:
mark me brainlest and folow me
Explanation:
1
1) Innovation- Entrepreneurship is an innovation. The introduction of new combination of various factors of productions is innovation. A new product arrives in the market, uses new production technology, discovers new source of supply of raw materials and opens a new market for the specific product. In view of changing taste of consumers from time to time, entrepreneurship focuses on the research and development to produce goods to satisfy the customers. 2) Economic activity- An entrepreneur produces a new product for the customers as per their needs. He feels the need of this to satisfy human wants and as well in exchange earn a better livelihood. It is a systematically planned activity as per the skills and knowledge of entrepreneur. Hence entrepreneurship is an economic activity. 3) Organization Building- It is an activity where various factors of production have to be organized. Place utility, time utility, form utility etc. has to be considered to collect them under one roof for new production. 4) Creative activity- Innovation should have a strong support of creativity. Introducing creativity in producing something new is a big challenge for the entrepreneur. Thus creativity is an essential part of entrepreneurship. 5) Managerial skill and leadership- A person who wants to be a successful entrepreneur should have more passion of doing something new than just earning profit. Leadership and managerial skills are the most important facets of entrepreneurship. Other skills can be considered secondary. An entrepreneur must have the ability to lead and manage. 6) Skillful management- The success of any entrepreneurship depends on the management of the organization. With professional management and skilled managers, entrepreneurship becomes successful activity. 7) Risk Bearing- Uncertainty is defined as a risk which can not be insured against and is incalculable. Entrepreneur is an agent who buys factors of production at certain prices, in order to combine them into a product, to sell them at uncertain prices in future. Thus they too are risk-bearing agents in production. 8) Gap filling function- The most