An Example of Industrial Arts Is A Welding Class
An Example of Industrial Arts Is A Welding Class
An Example of Industrial Arts Is A Welding Class
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Learning to use tools properly under guided supervision is
empowering to not only boys but in an important way, girls too
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communicative skills which are important for occupational
success.
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Technical-Vocational Education-based TLE and entrepreneurship
Education-based TLE
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embraces every challenge for its development and operation is
known as an entrepreneur.
Characteristics of Entrepreneurship:
Not all entrepreneurs are successful; there are definite
characteristics that make entrepreneurship successful. A few of
them are mentioned below:
• Ability to take a risk- Starting any new venture involves a
considerable amount of failure risk. Therefore, an
entrepreneur needs to be courageous and able to evaluate
and take risks, which is an essential part of being an
entrepreneur.
• Innovation- It should be highly innovative to generate new
ideas, start a company and earn profits out of it. Change can
be the launching of a new product that is new to the market
or a process that does the same thing but in a more efficient
and economical way.
• Visionary and Leadership quality- To be successful, the
entrepreneur should have a clear vision of his new venture.
However, to turn the idea into reality, a lot of resources and
employees are required. Here, leadership quality is
paramount because leaders impart and guide their
employees towards the right path of success.
• Open-Minded- In a business, every circumstance can be an
opportunity and used for the benefit of a company. For
example, Paytm recognised the gravity of demonetization and
acknowledged the need for online transactions would be
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more, so it utilised the situation and expanded massively
during this time.
• Flexible- An entrepreneur should be flexible and open to
change according to the situation. To be on the top, a
businessperson should be equipped to embrace change in a
product and service, as and when needed.
• Know your Product-A company owner should know the
product offerings and also be aware of the latest trend in the
market. It is essential to know if the available product or
service meets the demands of the current market, or whether
it is time to tweak it a little. Being able to be accountable and
then alter as needed is a vital part of entrepreneurship.
Importance of Entrepreneurship:
• Creation of Employment- Entrepreneurship generates
employment. It provides an entry-level job, required for
gaining experience and training for unskilled workers.
• Innovation- It is the hub of innovation that provides new
product ventures, market, technology and quality of goods,
etc., and increase the standard of living of people.
• Impact on Society and Community Development- A society
becomes greater if the employment base is large and
diversified. It brings about changes in society and promotes
facilities like higher expenditure on education, better
sanitation, fewer slums, a higher level of homeownership.
Therefore, entrepreneurship assists the organization towards
a more stable and high quality of community life.
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• Increase Standard of Living- Entrepreneurship helps to
improve the standard of living of a person by increasing the
income. The standard of living means, increase in the
consumption of various goods and services by a household
for a particular period.
• Supports research and development- New products and
services need to be researched and tested before launching in
the market. Therefore, an entrepreneur also dispenses
finance for research and development with research
institutions and universities. This promotes research, general
construction, and development in the economy.
Entrepreneurship is important as it has the ability to improve
standards of living and create wealth, not only for the
entrepreneurs, but also for related businesses. Entrepreneurs
also help drive change with innovation, where new and
improved products enable new markets to be developed
5 Advantages of Entrepreneurship
• Learning To See Possibilities Everywhere. When you have to
rely on yourself and your imagination in order to generate
income, this awareness goes with the territory. ...
• Defining Your Income. Who decides how much you're getting
paid? ...
• Flexibility In Your Schedule. ...
• Enjoying Your Work. ...
• Learning To Be In The Moment
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Entrepreneurs possess personal traits and behaviors which could
harm their roles as managers or workers. Thus, Entrepreneurs are
often known as risk takers
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