Tamilnadu Samacheer Kalvi 12th Commerce Notes Chapter 23 Elements of Entrepreneurship Note

→ The term entrepreneurship denotes the process of setting up one’s own business venture as distinct from pursuing any other economic activity or any employment or practising some profession.

→ The person who establishes business is termed as entrepreneur.

→ The term ‘entrepreneur’ has been derived from the French language which originally denotes ’ designation of an organiser of musical or other entertainments.

→ Entrepreneurs are broadly classified into three groups namely risk bearer, organiser and innovator.

→ Intrapreneur is one who thinks and acts like an entrepreneur for the firm’s development during the course of employment in an organisation.

→ Women entrepreneurship has been getting recognition over the past two decades across the world.

→ According to Schumpeter’s concept, “Women who innovate, imitate or adopt a business activity are known as women entrepreneurs”.

→ Entrepreneurial functions may be divided into three types, they are:
1. Promotional functions
2. Managerial functions
3. Commercial functions.

→ Consortium of Women Entrepreneurs of India (CWEI) was registered as a civil society in the year 1996, which is a non-profit organisation in New Delhi.

Samacheer Kalvi 12th Commerce Notes