ENTREPRENEURSHIP MANAGEMENT LIFE OF AN ENTREPRENEUR MOTHER TERESA

ENTREPRENEURSHIP MANAGEMENT LIFE OF AN ENTREPRENEUR – MOTHER TERESA

Introduction Social entrepreneurship: A social entrepreneur recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change (a social venture). A social entrepreneur focuses on creating social capital. Social entrepreneurs are most commonly associated with the voluntary and not-for-profit sectors, but this need not preclude making a profit. Social entrepreneurship practiced with a world view or international context is called international social entrepreneurship.

Essentials of an Entrepreneur Qualities of an entrepreneur Mother Teresa’s qualities The first thing any successful Mother Teresa's product was entrepreneur requires is a product or service that others need or want, whether they initially realize it or not. A second thing any successful entrepreneur requires is a welldefined target market, or niche. Any successful entrepreneur must position himself or herself for success. compassion Mother Teresa discovered her niche the day she unexpectedly found a woman dying in the street, being eaten by rats. Sister Teresa goes back to Calcutta, a place that can provide a seemingly endless supply of prospective clients in need of her services.

About Mother Teresa She was born amid an Albanian community in Macedonia as Agnes Gonxha Bojaxhiu on August 26, 1910 In 1947, she had a vision or call to leave the convent. She left to take basic training in nursing and went to live in the nearby slum. Her first home was 'Nirmal Hriday' (pure heart) for the sick and the dying, and then ' Shishu Bhavan' for the disabled, orphaned and mentally retarded children, 'Shanti Nagar', a colony for lepers where they were cared for, they could learn a skill, build their own houses and could work on their own fields, AIDS hospices and so on. The first home outside India was founded in 1965 in Venezuela. Others were later opened in Italy, Tanzania, Australia, US, Communist Cuba, former Soviet Union etc. On September 5, 1997 the 87 -year old mother died of severe cardiac arrest at the Missionaries of Charity headquarters in Kolkata.

Mother Teresa’s Accomplishments In 1948, she opened the first slum school. The Missionaries of charity was officially established as a religious congregation for the Archdiocese of Calcutta in October 1950. The Padmashri Award for distinguished service (1962) , then the Magsaysay Award the same year. The first home outside India was founded in 1965 in Venezuela Pope John XXIII Peace Prize (1971) , Good Samaritan Award (1971), John. F. Kennedy International Award (1971). Jawaharlal Nehru Award for International peace (1972). Nobel Peace Prize (1979). Bharat Ratna (1980). Rajiv Gandhi Sadbhavana Award (1993).

Conclusion A quality product or service A well defined target market Position in the marketplace A unique brand Perseverance A positive attitude Faith in God and in other A legacy to leave behind She was also one of the greatest entrepreneurial marketing geniuses the world has ever known. Mother Teresa stands as a stunning reminder that we can usually find a better way to do business each day.

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