LECTURE3 ED UNIT 1 Entrepreneurial Development in India and EDP.sb

8/13/2019 LECTURE3 ED UNIT 1 Entrepreneurial Development in India and EDP.sb

1/20

Entrepreneurship Management

Training

and

Entrepreneurship DevelopmentProgramme in India


2/20

CONTENTS

INTRODUCTION

EDPs

Importance of training

Methods of training

EDP- Need and importance

Phases of EDP

Selection of entrepreneurs for EDP

Training programme - Course contents Pre requisites of EDP

Organizations providing EDP


3/20

INTRODUCTION

Entrepreneurship means "the process of theentrepreneur".

It is an attempt to create value through recognition

of business opportunity. It

is basically communicative and management

functions to mobilize financial and material

resources.

Entrepreneurship is the practice of starting neworganizations or revitalizing mature organizations

particularly new businesses, generally in response

to identified opportunities. (Wikipedia)



4/20

The entrepreneurial activity is governed by

varying combination of socioeconomic,Psychological, cultural and ten other factors:

Caste, religion, Family background, Level of

education, Level of perception, Occupational

background,

Migratory character, Entry into

entrepreneurship, Nature of enterprise,

Investment capacity and Ambition/moderation.


5/20

In developed countries the National Income

growth is mostly contribute by private

entrepreneurs. First Generation Entrepreneurs (FGE) are

those who newly establish their businesses.

EDP activities are mainly concerned withFGEs as they cannot attend various

activities on their own.

ENTREPRENEURSHIP DEVELOPMENT

PROGRAMMES (EDPs)


6/20

The development process covers many activities

like

Selection of location

Machinary Selection

Training of employesAssistance for Project report

Guidance for financial assistance

Training in sales & services

Changes & improvements in an enterprise etc.


7/20

IMPORTANCE OF TRAINING Ensures availability of skilled manpower at all

management levels

Enhancing abilities, potential among entrepreneurs

Increase efficiency

Maintain and enhance product quality

Minimize wastages in production process

Minimize accidents on the job

Reduce fatigue and increase speed of work

Standardization in industr and internal rocesses


8/20

Methods of Training

Individual instruction

Group instruction

Lecture method

Demonstration method

Written instruction method

Conference

Meetings


9/20

EDP Designed with an aim of encouraging self employment

Imparts training and motivates potential and existing

entrepreneurs to start new business or diversify and

expand the existing one

Helps employment and wealth creation among educated

unemployed youth

Well equipped to face risks and challenges as an

entrepreneur

Government needs considerable human and material

resource, importance to detailed planning &

implementation


10/20

Phases of EDP

Select area from existing government policy

guidelines/socio-economic reports

Techno-economic survey of the selected area; feasibility

study

Identify potential and existing entrepreneurs interested in

starting new business/expansion/diversification

Training

Follow up and consultancy services


11/20

Selection of entrepreneurs for EDP

The programme is well publicized and promoted to attract maximum

applications for screening

Selection of top 25 to 30 applicants only

Applications screened for:

Demographics (The characteristics of human populations and population

segments, especially when used to identify consumer markets: eg:The

demographics of the Southwest indicate a growing population of older

consumers. )and socio cultural data age, education, work exp, financial

resources, type of business etc

Motivation factors pull factors, source of encouragement, credibility,

endurance, concreteness of plans

Psychological test results- traits like risk taking, need for achievement


12/20

Training Course contents

Introduction to entrepreneurship

Motivation training

Essentials of management

Fundamentals of project feasibility study

Organising the business

Plant visit



13/20


14/20

Organizations providing EDP



15/20

National Institute for entrepreneurship and Small

Business Development (NIESBUD)

Established by Government of India in 1983

An apex body for coordination and supervison on activities of variousinstitutes engaged in entrepreneurial development

Helps evolution of EDP, model syllabi, effective training strategies,methodology, manuals and tools

Activities undertaken:

Organise and conduct training programmes

Coordinate training activities of various agencies/institutes

Provide affiliation to such institutes

Hold examinations and confer certificates to trainers and trainees



16/20

Small Industries Service Institutes (SISI)

Three months part time evening courses in management

4-6 weeks part time courses in intensive training infunctional areas (marketing, finance)

Special courses in quality control, HR, production planning,product development etc

Mobile workshops imparting training on correct usage of

tools and equipment

Helps with preparation of plant layouts

Helps individual firms on specific problems faced


17/20

Small Industries Development Organisation

(SIDO)

Runs EDP in collaboration with financial institutes,

directorate of industries

Gives on the job training on shop floor (carpentry,

electrical devices)

Sends its officials/trainers to organisations to update theirknowledge



18/20

National Small Industries Corporation

(NSIC)

Provides apprenticeship for 2 years

Training supervisory staff of SSI up to 2 years

Training to engineers up to 2 years

Training workmen for 12 months

Training to set up own venture

Advice on machinery and components

Production of technologically advanced machines



19/20

Entrepreneurship Development Institute of

India (EDII)

Develops programmes for entrepreneurial training anddevelopment

Develops innovative training techniques for trainers

Focused attention on women entrepreneurs with first suchEDP in 1988

EDP for rural entrepreneurship development in U.P andOrissa

Famous for organizing camps on entrepreneurship

Conducted EDP in Sri Lanka, Nepal, Ghana, Kenya etc



20/20

National Alliance of Young Entrepreneurs

(NAYE)

Contribution in encouraging women entrepreneurship

Set up womens wing in 1975

This wing assists women in:

Getting better access to resources, infrastructure, markets

Identify investment opportunities

Attending to problems of individual industries

Sponsor participation in trade fairs, exhibitions, conferences

Organise seminars, training programmes, workshops


LECTURE3 ED UNIT 1 Entrepreneurial Development in India and EDP.sb

Documents

Transcript of LECTURE3 ED UNIT 1 Entrepreneurial Development in India and EDP.sb