Class 02: Entrepreneurship Examples

According to Peter Drucker, an entrepreneur searches for the changes, responds to that change, and converts that into a economic opportunity. Here are some examples

1. In mid 90's Sabeer Bhatia and his partner, Jack Smith noticed that more people are coming online and they need email service. At that time only employees of an organization had email accounts. The other alternative was to use paid e-mail services from companies such as AOL. They sensed an opportunity in offering web-based free email service as a business and started hotmail
2. In the late 90's, Larry Page and his partners noticed that more companies and people are publishing information on the web, and there is need to organize this web information and help people to find relevant information on the web. They built a search engine and it is known as Google
3. In 2000's, Capt Gopinath noticed that there is a need for " low cost no frills domestic airline that offers cheap air tickets for various cities and popular sectors in India". He started Air Deccan