Entrepreneurship 1 - Types of

What are the two Broad Categories of Entrepreneurship

• Private Limited and Public Limited

• MSME and Innovation Driven

• Proprietorship and Partnership

• Local Driven and Global Driven

In Entrepreneurship Innovation means

• Invention

• Discovery

• Monetization of Business

• Commercialization of an Idea

Entrepreneurs are

• Born

• Smart

• Achievers

• Team Players

Google was losing money when it started. It turned around by successfully monetizing the idea of Ad-words. Google Ad-words were created by Google.

• True

• False

Apple became a successful company monetizing the idea of Graphical User Interface or GUI. GUI was created by Apple.

• False

• True

Microsoft became famous when it transitioned from DOS to Windows using GUI. Microsoft created GUI.

• True

• False

Thinking "Out of the Box means"

• To do something better

• To do something different

What is a good example of thinking "out of the box"

• Creating Cars that are Faster, Cheaper, Safer and more Fuel Efficient

• Creating a new mode of transport that is a 100 times Faster than existing cars but not Cheaper, Safer or Fuel Efficient

You have suddenly discovered how to covert water to Petrol. A successful Entrepreneurship with this idea will be

• A Market Pull example

• A Market Push example

You have discovered how to make things fly!

• This is an example of Market Pull

• This is an example of Market Push