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An employee has been arriving 30 mins late to work every day. Why
do you think this is? What would you do? (Supermarket).
Grameen Bank
Social Entrepreneur: Muhammad Yunus
Professor Muhammad Yunus, the founder of Grameen Bank and its Managing
Director, reasoned that if financial resources can be made available to the poor
people on terms and conditions that are appropriate and reasonable, these
millions of small people with their millions of small pursuits can add up to create
the biggest development wonder.
Edupreneurs can be defined as educational entrepreneurs who plan, open and
successfully operate educational services.
Women Entrepreneur It may be defined as a woman or group of women who
initiate, organise and run a business enterprise.
Problems of women entrepreneurs:
Problems of finance Scarcity raw material stiff competition
Limited mobility family ties lack of education male dominated society low
risk bearing ability.
DISTRICT INDUSTRIES CENTER (DICs
SHAHNAZ HUSAIN: The beauty chain of Shahnaz Hussain is known for a wide
range of treatments and herbal cosmetics offering stunning results.
chairman and executive officer of PepsiCo,INDRA KRISHNAMURTHY NOOYI Indra
Krishnamurthy Nooyi.
Chanda Kochar Current position: MD CHANDA KOCHAR & CEO ICICI Bank
Chanda Kochar, 51, is currently the MD & CEO of indias largest private bank
ICICI Bank.
Naina Lal Kidwai:
Naina Lal Kidwai,55, is presently the Group General Manager and Country Head of HSBC India.
Indian government conferred Padma Shri award on Naina for her contributions in the field of
Trade and Industry.
Problem specific to women entrepreneur Male dominated society Low risk taking
ability Lack of business information Lack of education Family problems.
Kiran Mazumdar Shaw
Current position: CMD, Biocon
Kiran,59, is the founder Chairman and Managing Director (CMD) of Biocon
Limited.
Born in Bangalore, Shaw completed her Bachelors in Zoology from Mount Carmel
College, Bangalore University. She later did her post-graduation in Malting and
Brewing from Ballarat College, Melbourne University. She worked as a trainee
brewer in Carlton and United Breweries, Melbourne and as a trainee maltster at
Barrett Brothers and Burston, Australia. She started Biocon in 1978 and
spearheaded its evolution from an industrial enzymes manufacturing company to
a fully integrated bio-pharmaceutical company. Today Biocon under Shaws
leadership has established itself as a leading player in biomedicine research with
a focus on diabetes and oncology.
Kiran is also a member of the board of governors of the prestigious Indian
School of Business and Indian Institute of Technology Hyderabad. Kiran received
the prestigious Padma Shri (1989) and the Padma Bhushan (2005) from the
government of India.
Chanda-Kochar
Current
position:
MD
&
CEO
ICICI
Bank
Chanda Kochar, 51, is currently the MD & CEO of indias largest private bank ICICI Bank.
Rajasthan born chanda got Masters Degree in Management Studies from Jamnalal Bajaj
Institute of Management Studies, Mumbai. She received the Wockhardt Gold Medal for
Excellence in Management Studies as well as the J. N. Bose Gold Medal in Cost Accountancy.
Chanda Kochhar is married to Deepak Kochhar, a wind energy entrepreneur and her Business
schoolmate.
Indu-Jain
Designation
Chairperson
(former),
Times
Group
Indu Jain,76, used to be the chairperson of Indias largest and most powerful media house The
Times
Group.
A strong votary of womens rights and women entrepreneurship, Indu contributed immensely to
the growth of Times group. Now, her two sons Samir and Vineet are running the company.
Indu
Jain
is
also
founder
President
of
the
Ladies
wing
of
FICCI
(FLO).
Indu is also the Chairperson of the Bharatiya Jnanpith Trust, which awards India's most
prestigious
and
highest
literary
award,
the
Jnanpith
award.
She addressed the United Nations in 2000 at the Millennium World Peace Summit of Religious
and Spiritual Leaders, a speech in which she stressed the need for oneness among faiths and
went on to chair a special session of the conference.
Neelam Dhawan
Current position: MD, HP-India
A woman with never-say-die spirit, Neelam Dhawan is presently the Managing
Director of Hewlett-Packard (HP), India.
Neelam is an iconic figure in Indian IT industry . She is an inspiration for women
working in IT sector. She dared to enter the IT world in early 1980s when there
were just a handful of women in this industry.
At the start of her career she yearned to be a part of major players in the FMCG
space such as Asian Paints and Hindustan Lever.
Unfortunately, these organizations did not want a woman to be a part of their
marketing and sales efforts and hence she was rejected at the time.
But a determined Neelam refused to give up and fought back with laurels galore.
Before joining HP, India as Managing Director (MD) , Neelam was Managing
Director (MD) of Microsoft, India.
She had successful and rewarding stints with other leading players like IBM and
HCL.
Mallika Srinivasan
Current position: Director, TAFE (Tractor and Farm Equipment)
Mallika has an MBA from Wharton School of Business, Pennsylvania.
She joined TAFE in 1986 and has since been responsible for accelerating turnover from 85
crores to 2900 crores within a span of two decades.
Her innovative business ideas and excellent leadership qualities have won her laurels from every
quarter.
She was awarded Businesswoman of the year 2006 award by ET.
Shahnaz Hussain
Current position: CEO, Shahnaz Herbals Inc
Shahnaz Hussain is the biggest name in herbal cosmetics industry in India. She has introduced a
number of trend setting herbal products .
Currently, the Shahnaz Husain Group has over 400 franchise clinics across the world covering
over 138 countries.
Her pioneering work got recognition from Govt of India when she was conferred with prestigious
Padma Shri award in 2006.
Jyoti nayak
Current Position: President Shri Mahila Griha Udyog Lijjat Papad
Jyoti Naik, is currently the President of Shri Mahila Griha Udyog Lijjat Papad, an Indian women's
cooperative based in Mumbai.
The Khadi and Village Industries Commission of India has conferred the Best Village Industry
award on Lijjat Papad from the period 1998-99 to 2000-01.
Jyoti Naik was conferred Businesswomen of the Year (2001-02) for corporate excellence by the
Economic Times.
Innovating entrepreneur: is one who introduces new goods, new method of production,
discovers new market and recognise the enterprise.
Imitative entrepreneurs: is one who ready to adopt successful innovations inaugurated
by innovating entrepreneurs.
Drone entrepreneurs: They are refused to adopt opportunities to make changes in
production even at the cost of severely reduced return.
Fabian Entrepreneurs: they are characterized by very great caution and skepticism in
experimenting any change in their enterprise.
State any differences between an entrepreneur and a manager:
Motive status risk bearing rewards innovation .
State the two basic elements of entrepreneurship:
Innovation: doing something new
Risk bearing:
Rural entrepreneurship:
Estabilishing industrial units in the rural areas refers to rural entrepreneurship. Rural area
a village or town with a population of 20,000 and below.
Retailing:
Retailing is a set of activities or steps used to sell a product or service to consumers
for their personal or family use.
Functions of retailing:
Sorting: retailers pickup an assortment of goods from different sources, buying them
large quantity and sell them to consumers in small quantities.
Arranging assortment: It includes both depth and breadth of products carried.
Retailers have to select the combination of assortments from various categories.
Breaking Bulk: It means physical repackaging of the products by retailers in small
quantities.
Holding stock: to ensure the regular availability of their offerings, retailers maintain
appropriate levels of inventory.
Types of store:
Chain Retailer:
Two or more outlets under a common ownership is known as retail chain. Similar
merchandise offered to the customer.
Leased Dept:
It is also termed as shop in shops. When a section of a dept in a retail store is
leased / rented to an outside party, it is termed as leased depts.
Convenience stores:
These are relatively small store located near residential areas they are open for Loris hours
and offer a united line of convenience products like bread, milk etc.
Petrol pumps like HP speed mart & IN & OUT can be termed as convenience stores.
Super market:
There are large, low cost, low margin, high welcome, self service operations designed
to meet the needs for food, forgeries, & non food items.
Examples: food world, food bazaar
Hyper-market:
It is a very large retail unit offering merchandise at low prices.
Hyper markets having a selling area of over 50000 59.ft.
It is characterized by larger store size low operating cost & low prices, a range of
merchandise.
Hyper markets own spacious.
Specialty store:
Specialty store stress on one or a limited no of complementary product categories &
extended a high level service to their customers.
Such specialized retail operations provide expertise economics of scale, bargain &
image to the particular store.
Ex: Durables (viveks) watches (titan)
It was introduced in England in 1880 for dispensing post cards. 1940s to 1950
they dispense coke and pepsi.
DIFFERENCE BETWEEN SERVICES & MERCHANDISE RETAILERS
Intangibility:
Consumers can not see, touch
Service are Performances or actors rather than objects.
EX: Health care Services.
EX: Restaurant the meal is prepared & consumed almost at the same time.
Perishabilites:
Services- cant be saved, store or resold
Airlines-takes off with an empty seat, the sale is lost for ever.
In consistencies:
Merchandise- Often produced by machine with very tight quality control. So all the products
qualities assured that identical.
Services- are performances produced by people (employees have different knowledge &
skills)
Waiter in a Hotel can be in a bad mood & make your dining experience a disaster.
Capital available
Cost & available of land in the desired location.
Safety & security considerations.
Type of retailing activity-whether convenience store, specialized store, dept store etc.
Nature of merchandise offered at the store.
Nature of potential customers.
Availability of parking space.
Traffic flow & accessibility
Existence of competitors owners.
Potential for future expansion.
Govt regulations, texes & other legal issues.
Expected profitability
Retail pricing:
Strategy to charge a high price SKIMMING Gradually reduce it if necessary
Gradually.
Penetration: Aim to capture a large market share by charging low price. Low
prices stimulate purchases.
Value Pricing:
Value Pricing Price set in accordance with customer perceptions about the value
of the product/service .
Loss Leader:
Loss Leader Goods/services deliberately sold below cost to encourage sales
elsewhere. in the hope that people will be attracted to the store and buy other
things Purchases of other items more than covers loss on item sold.
Psychological Pricing:
Psychological Pricing Used to play on consumer perceptions Classic example
Rs 3999.99 instead of Rs 4000!
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