Entrepreneurial Concepts and Case Study: James Dyson

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ENTREPRENEUR

Concept of Entrepreneur
 Entrepreneur is a person who creates and owns the business.
 Entrepreneur is an individual who creates innovative ventures.
 Entrepreneur is a person who brings new enterprise and bear the
risks of the business.
 Entrepreneurs make new innovative enterprises to meet the demands
of the modern world and to survive in this competitive environment.
 New innovative and highly skilled and educated entrepreneurs use
new ideas to bring new enterprises in order to earn large profits.
 Entrepreneurs bring what customers demand to satisfy their
demands in the market and increase their market share.

Example of British Entrepreneur James Dyson

British Entrepreneur James Dyson
 James Dyson is the famous British entrepreneur who innovates a new
vacuum cleaner.
 He has a passion to build a new and better vacuum cleaner.
 He used stratospheric heights and make innovative creation of Dual Cyclone
and bring new Dyson Ball Vacuum Cleaners.
 He is known to as wealthiest engineer in the United Kingdom.

Entrepreneur Skills of James Dyson
 Passionate and risk taking – He has the passion to build a better vacuum
cleaner by innovative creations done by him. For example- his innovative
creations of products are Dual Cyclone and Dual Ball vacuum cleaners. He has
the ability to bear all the risks occurred in the business.
 Strategic and communicative - He make and plan the strategy by focus on
business objective and growth. He has good communication skills. He
communicate with innovative ideas to interact with the business people in work.
 Make right decisions - He has the ability to make good and right decisions in the
right time and at the right place in the business.
 Sincerity and hard working - James Dyson has the ability to work with long
hours without being tired. He puts his sincere efforts to work and work with full
dedication and hard work.
 Adaptable – He has the ability to adapt changes and to make changes to meet the
needs and wants of the modern world.

Differences and Types of
Entrepreneurship Small business Entrepreneurship - Small scale businesses are rapidly
growing. The small businesses are set up and can be seen in our daily life
like electricians, plumbers, hairdressers, travel agents, consultants who runs
their own business. They set up to earn profits and to feed their families.
 Scalable startup entrepreneurship - Scalable startup entrepreneurs make
innovative clusters in New York, Israel, Bengaluru, Silicon Valley and
Shanghai etc. These entrepreneurs know their vision and work accordingly.
The investment is taken from venture capitalists.
 Large business Entrepreneurship – Large companies do their business by
bringing new products for the new customers in the new market to sold.
Large businesses make new and bulk products to meets the demands of
their customers.
 Social Entrepreneurship – Social entrepreneurs make new innovative
products to meet the needs and demands of the society.

Similarities of Entrepreneurship Business
Similarities Small Business Large Business Scalable Startup Social
Entrepreneurshi
p
1. Innovative Small scale
businesses like
hairdresser,
plumbers,
electricians used
new and
innovative
products for
customers.
Large businesses
bring highly
innovative
products to meets
their large
prospective
customers
demands.
Scalable startup
businesses make
innovative
clusters in various
places like Silicon
valley, Bengaluru,
etc.
Social
entrepreneurship
business bring
innovative
products to meet
the needs and
demands of the
society.
2. Customer First Small business
focus to meet
customers needs.
Large business
focus on large
prospective
customers
demands.
Scalable startups
business focus to
make innovative
clusters for
Bengaluru,
Silicon valley
Social
entrepreneurs
focus on meeting
society needs and
demands.

Continue
Similarities Small
Business
Large
Business
Scalable
Startup
Social
Entreprene
urship
3. Profit
making
Small business
main motto to
earn profits
and feed their
families.
Large
businesses
motive is to
earn large
amounts of
profits to
achieve
market
growth.
Scalable
startup
business main
motto is profit
earning.
Social
entrepreneurs
works to meet
the society
demands and
earn large
amount of
profits.

Conclusion
 The British entrepreneur James Dyson is a person who is the owner of the
business and runs his own business by bearing risks occurred in it.
 Innovative entrepreneurs like James Dyson and Richard Branson highly make
new innovative ventures in United States in order to meet the demand of the
modern world and become successful entrepreneurs.
 To survive in this dynamic and competitive world the creative British
entrepreneur James Dyson produced and provide new innovative products to
satisfy the prospective customers demands and earn large amount of profits.
 James Dyson famous British successful entrepreneur skills help to become a
successful and innovative entrepreneur.
 The types and similarities of entrepreneurship business are highlighted in this
presentation.