Education for Enterpreneurship Compiled

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EDUCATION FOR ENTREPRENEURSHIP

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this is an excellent ppt for understanding the education for entrepreneurship in relevance to its need,scope,enriching practical knowledge and Indian economy. hope u enjoy it...

Transcript of Education for Enterpreneurship Compiled

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EDUCATION FOR ENTREPRENEURSHIP

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EDUCATION FOR ENTREPRENEURSHIP

Created By

TUSHTI SHARMA

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INTRODUCTION

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INTRODUCTION

INDIA a young Nation of <60years of Independence setting out on a path of sustained economic growth

Current years the ongoing interest in entrepreneurship has increased

For growth of new businesses as well as economic development

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Within the next 20 years, we will have 400 million people below the age of 35 years will be in the prime of his or her life, striving for a better tomorrow

Thus creating, in the process, new growth opportunities, for budding entrepreneurs!

INTRODUCTION (contd.)

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"Made in India" tag is now an increasingly respected brand, valued for quality, reliability, and competitiveness.

INTRODUCTION (contd.)

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How EDUCATION contributes in developing ENTREPRENEURSHIP

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How Education contributes in developing Entrepreneurship Creating a more

entrepreneurial culture Promoting entrepreneurial

skills and attitudes Nurturing personal

qualities in young people by enhancing their

1. creativity, 2. spirit of initiative, 3. responsibility,4. capacity of confronting

risks, 5. independence

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OBJECTIVES OF EDUCATION FOR ENTREPRENEURSHIP

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Promoting the development of personal qualities

Offering early knowledge of and contact with the world of business

Raising students’ awareness of self-employment

Organizing activities based on learning by doing

Providing specific training

- OF EDUCATION FOR ENTREPRENEURSHIP

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Some Famous Entrepreneurs Of India

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Entrepreneurs Of India

Mr. Patel of Nirma who was a chemist’s assistance once and now he has a Rs. 2500 crore company today

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Entrepreneurs Of India

The original Mr. Bata was a cobbler and now has stores in more than 30 countries all over the world

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Entrepreneurs Of India

Lakshmi Mittal, the steel giant .He is the fourth richest person in the world

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Entrepreneurs Of India

Sabeer Bhatia, the pioneer in the field of first web based e-mail - The Hotmail.

'Entrepreneur of the Year 1997'

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Entrepreneurs Of India

NR Narayana Murthy, chairman of Infosys Technologies one of the biggest IT empire in India.

'Businessman of the Year 1999'

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Entrepreneurs Of India

Kiran Mazumdar-Shaw's pioneering efforts in biotechnology for Biocon Industry

"India's Biotech Queen" by The Economist and

"India's mother of invention" by New York Times

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Entrepreneurs Of India

Shahnaz Husain Group, one of the largest producers of ayurvedic and herbal products in the world

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MEANING AND DEFINITION OF ENTREPRENEUR AND ENTREPRENEURSHIP

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MEANING OF ENTREPRENEUREntrepreneur is derived from the French word ‘entreprendre’ which means "to undertake." In a business context, it means to start a business.

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WHO IS AN ENTREPRENEUR?

Entrepreneur is a person having specific skill, ability, knowledge, awareness and self-confidence who bears the risk of operating a business in the face of uncertainty about the future conditions.

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WHO IS AN ENTREPRENEUR? Entrepreneurs serve an important role in

enabling the economy to adapt to changing conditions and new possibilities for material improvements by creating new production organizations, and even whole new industries.

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QUALITIES OF A GOOD ENTREPRENEUR

Technical competence

Initiative Good judgement Leadership qualities Creativeness

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DEFINITION OF AN ENTREPRENEUR J.B. Say: “An entrepreneur is an economic agent

who unites all means of production- land of one, the labour of another and the capital of yet another and thus produces a product. By selling the product in the market he pays rent of land, wages to labour, interest on capital and what remains is his profit. He shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.”

Adam Smith :” A person who only provides capital without taking part in the leading role in enterprise.”

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ANATOMY OF AN ENTREPRENEUR

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MEANING OF ENTREPRENEURSHIP Entrepreneurship is a process undertaken by

an entrepreneur to establish and to develop a new enterprise. It is a process of converting the idea of establishing an enterprise into its implementation.

Entrepreneurship is a discipline with a knowledge base theory. It is an outcome of complex socio-economic, psychological, technological, legal and other factors. It is a dynamic and risky process.

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MEANING OF ENTREPRENEURSHIP It involves a fusion of capital, technology and

human talent. Entrepreneurship is equally applicable to big and small businesses, to economic and non-economic activities.

Entrepreneurship is a philosophy- it is the way one thinks, one acts and therefore it can exist in any situation be it business or government or in the field of education, science and technology or poverty alleviation or any others.

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MEANING OF ENTREPRENEURSHIP

Innovation is by far the primary factor that governs the very creation of a small business or entrepreneurship.

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DEFINATION OF ENTREPRENEURSHIP

According to Peter Drucker Entrepreneurship is defined as ‘a systematic innovation, which consists in the purposeful and organized search for changes, and it is the systematic analysis of the opportunities such changes might offer for economic and social innovation.’

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RELATION

Entrepreneurship is the most effective way of bridging the gap between science and the market place by creating new enterprises.

An entrepreneur is the catalyst who brings about this change

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DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP The term entrepreneur is used to describe

men and women who establish and manage their own business. The process involved is called entrepreneurship.

Entrepreneurship is an abstraction whereas entrepreneurs are tangible people.

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DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP Entrepreneurship is a process and an

entrepreneur is a person. Entrepreneurship is the outcome of complex

socio-economic, psychological and other factors. Entrepreneur is the key individual central to entrepreneurship who makes things happen.

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DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP Entrepreneur is the actor, entrepreneurship

is the act. Entrepreneurship is the most effective way

of bridging the gap between science and the market place by creating new enterprises. An entrepreneur is the catalyst who brings about this change will achieve sustainability only when support is provided both at the societal and governmental levels.

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SCOPE OF EDUCATION FOR ENTREPRENEURSHIP

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SCOPE

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SCOPE

It Promotes independent thinking

and

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SCOPE

It promotes Creativity

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It Instills courage and confidence to take initiatives

SCOPE

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Helps manage the enterprise in a better way

SCOPE

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Develops leadership qualities

SCOPE

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Better marketing skills

SCOPE

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NEED OF EDUCATION FOR ENTREPRENEURS

HIP

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NEED

Education of entrepreneurs help them in the effective creation of useful goods and services for consumers

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NEED

Education helps entrepreneurs in

keeping account of taxes and

paying taxes in time

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NEED

Education helps the entrepreneurs inInnovating new ideas which in turn give them benefits

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NEED

Education gives the entrepreneurs the required stability in their business

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NEED Education helps

entrepreneurs in promoting export which in turn help them in earning foreign exchange

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NEED

Education guides entrepreneurs in optimum utilization of resources thus giving them maximum benefits

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NEED

Education provides knowledge of business to people thus increasing opportunity of employment

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Education of entrepreneurs play a remarkable role in economic and industrial development of a country

NEED

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ENTREPRENEURSHIP EDUCATION ENRICHES PRACTICAL KNOWLEDGE

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ENTREPRENEUR THE ARTS:

‘ADVANCING THE ART’

NOVEMBER 17-23, 2008

GLOBAL ENTREPRENEURSHIP WEEK

CALIFORNIA UNIVERSITY, U.S.A

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HIGH INTELLIGENCE

Able to analyze a problem.

Find its solution.

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CREATIVE THINKING

Convert an idea according to the need .

Establishes an enterprise (business) into its implementation.

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LEADERSHIP QUALITIES

Convert an idea according to the need.

Directs them to follow.

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MANAGERIAL EFFICIENCY

Able to manage the whole setup efficiently.

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INITIATIVE

Confidence to start a enterprise.

And have the confidence to take benefits of available opportunity.

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RISK TAKING ABILITY

Moderate risk taker.

Learns from any failure.

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FORESIGHT

Can look in to the future market.

To judge the demand and supply of the material in which he is dealing.

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FLEXIBILITY

Can easily adjust to the any business environment.

Flexible to the new ideas.

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MOTIVATIONAL SKILL

The art of getting things done by others without hurting their self respect.

Can motivate the workers and employees under him.

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PROMPT DECISION MAKING

Can take the important decision promptly.

In the rational way.

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TECHNICAL EDUCATION

Helps in to the technical aspects of the enterprise.

Now day’s technologies are being part and parcel of any business.

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COMMUNICATION ABILITY

Can able to communicate with their customers, employees, creditors effectively.

More likely to get the success .

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HUMAN RELATION ABILITY

Maintain good relations with employees, customers, creditors, community.

Good human relations are reflective by emotional stability, personal relation, tactfulness.

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AWARENESS ABOUT RESPONSIBILITY

More aware about his business and social responsibility.

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COOPERATIVENESS

Can work as part of a a team

Ability to co-operate with other.

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HIGH ENERGY LEVEL

All the above abilities of the entrepreneur will make his energy level high.

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RELEVANCE OF ENTREPRENEURSHIP DEVELOPMENT PROGRAM

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FOR RAPID INDUSTRIAL DEVELOPMENT Entrepreneurs and

entrepreneurship are base for industrial and economic development.

Entrepreneurship Development Programme (EDP) makes entrepreneurs for creation of entrepreneurship environment.

In India, in every five plan year more and more amount is allotted for entrepreneurship development.

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FOR RAPID INDUSTRIAL DEVELOPMENT(cont.)

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FOR RAPID INDUSTRIAL DEVELOPMENT(cont.)

India’s Economy has experienced a robust growth in the second quarter of the year 2006-07. The Gross Domestic Product in the country increased at an impressive rate of 9.2 percent per annuam.

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FOR RAPID INDUSTRIAL DEVELOPMENT (cont.)Because of EDP, non-a-day entrepreneurs are on increasing in engineering, chemical, electrical, agricultural etc. industries i.e. to say that EDP plays a crucial role for industrial and economic development

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In industrial backward zone, by arranging EDP, qualities of entrepreneurship can be development in people of such areas.

Hence for balanced industrial development, Indian govt. has designed incentive plans in its industrial policy.

TO REMOVE OR REDUCE REGIONAL INDUSTRIAL IMBALANCE .

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TO REMOVE OR REDUCE REGIONAL INDUSTRIAL

IMBALANCE (cont.)

In industrial backward zone, EDP arranges various training programs and makes individuals aware about govt. incentives as well train them for entrepreneurship development according to opportunities available.

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TO REMOVE OR REDUCE REGIONAL INDUSTRIAL

IMBALANCE (cont.)

In this way EDP helps in removing or reducing regional industrial imbalance.

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CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT.

For creation of industrial and entrepreneurship environment, various institutions – CED, EDI, IDBI, Exim bank, IFCI, State Finance Corporation, DIC etc have given their active contribution.

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CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR

RAPID ECONOMIC DEVELOPMENT EDI’s various courses,

innovation centers, entrepreneurship environment and support system, strategic international program, various publications etc have played an important role in creating homogeneous entrepreneurship environment in the state and country.

EDPs are arranged in rural, semi-urban and urban areas.

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CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR

RAPID ECONOMIC DEVELOPMENT Hence in every area,

entrepreneurship awareness is spread.

Thus EDP plays dominant role in creating the most suitable industrial environment for rapid economic development.

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OPTIMUM UTILIZATION OF AVAILABLE LOCAL RESOURCES

Creation of suitable industrial environment for rapid economic development.

If such resources are utilized for production purpose, new opportunities for local entrepreneurship development and local employment can be created and which lead towards rapid industrial and economic development.

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OPTIMUM UTILIZATION OF AVAILABLE LOCAL RESOURCES

Therefore by arranging accordingly EDPs, available local opportunities can be optimally utilized for production purpose.

More over, because of creation of employment opportunities, migration of people towards urban areas can also be reduced.

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HELPS IN REDUCING UNEMPLOYMENT AND POVERTY

PROBLEMS

Since our first five plan, we are facing unemployment and poverty problems .

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HELPS IN REDUCING UNEMPLOYMENT AND POVERTY

PROBLEMS

Govt. has designed various programs like rural development program, prime minister employment plan etc. in this direction.

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TO PROTECT ENTREPRENEURS FROM INDUSTRIAL MONOPOLY

Some large industrial units have created monopoly conditions in their zones.

Hence govt. has been forced to reserve some goods and services for cottage and small-scale industries.

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NEW SOURCES OF INCOME FOR GOVT govt. gets income of

various taxes by medium of venture of new entrepreneurs.

Some export oriented industrial units help govt. in earning foreign exchange.

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New sources of income for govt

Thus EDP indirectly creates a new source of income for govt. in the form of tax.

By EDP, entrepreneurs can be trained and prepared for such reserve sectors and large-scale sectors cannot enter in such reserve sectors

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PROGRESS AND EXPANSION OF SOCIAL WEALTH

Because of growth of industrialization in rural areas, living standards of rural areas have remarkable changed.

Government’s special schemes for rural wealth has been reached to actual rural areas by EDP.

EDP helps to divert unorganized and hidden youth of various areas towards planned industrialization.

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DEVELOPMENT OF SOCIALISM

PHILOSOPHY

Our economy has influence of both capitalism as well as socialism

In five year plans, role of socialism is very important. Because of establishment of EDP institutions, philosophy of

socialism has been spread at various levels through utilization of unused local resources, establishment of tiny, cottage, small and large scale industries, planned economic development etc.

Entrepreneurs have accepted concept of social responsibility. In this way, EDP helps in extending the philosophy of socialism

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A vehicle for social – economic revolution

In rural, semi-urban areas, with a view to direct women towards self-employment and freedom, special EDPs are designed.

EDPs have played very determining role for bringing poor, exploited and weaker class of our society into economic development.

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TO DEVELOP AND UPGRADE MANAGERIAL SKILLS

EDP is designed and implemented to develop entrepreneurial opportunities for potential entrepreneurs as well as to upgrade managerial skills for the existing entrepreneurs.

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CommuniTree

CommuniTree symbolizes our philosophy and strategic approach for rural economic and community development.

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CONCLUSION

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CONCLUSION

Education for Entrepreneurship is compulsory

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CONCLUSION

Entrepreneurship

enriches PRACTICAL KNOWLEDGE

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CONCLUSION

Enterpreneurship is required for the growth of NATIONAL ECONOMY

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CONCLUSION

Entrepreneurship is required for the Development of our country

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