developing entrepreneur(4)

7/30/2019 Developing Entrepreneur(4)

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Entrepreneurial Development


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Entrepreneurial development is a key to achieve overalleconomic development through higher level of industrialactivity.

Entrepreneurship development and small scale industrydevelopment are the two faces of the same coin.

Small scale enterprise is the initiation intoentrepreneurship

EDP designed to help a person in strengthening and

fulfilling his entrepreneurial motive in acquiring skills andcapabilities necessary to promote his understandingmotives, motivation, pattern their impact on behavior andentrepreneurial value.


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EDP has been recognized as an effective human resourcedevelopment tool---- removing unemployment, enhancingindustrial development, promoting ssi , developing

industrially underdevelopment regions

Designing EDP---developing achievement motivation and sharpening

entrepreneurial traits and behaviour, project planning anddevelopment and guidance on industrial opportunities,incentives and facilities and rules and regulations,developing managerial and operational capabilities.


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Objectives of the EDPDevelop and strengthen their entrepreneurial

quality/motivation.Analyze environment related to small industry and smallbusiness

Select project or product

Formulate projectsUnderstand the process and procedure of setting up ofsmall enterprise

Know and influence the source of help/support needed for

launching the enterpriseAcquire the basic management skills


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Know the pros and cons of being an entrepreneur and Acquaint and appreciate the needed social

responsibility/entrepreneurial discipline

To prepare him for accepting totally unforeseen risks ofbusiness after such training.

To enable him to take strategic decisions To enable him to build an integrated team to fulfill the

demands of tomorrow

To communicate fast, clearly and effectively To develop a broad vision to see the business as whole and

to integrate his function with it

To enable him to relate his product and industry to the totalenvironment, to find what is significant in it and to take itinto account in his decisions and actions


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To enable him to cope with and coordinateall relevant paper work, most of which is

statutorily obligatory To make him accept industrial democracy,

that is accepting workers as partners in

enterprise and To strengthen his integrity, honesty, and

compliance with law, the key to success in

the long run


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Entrepreneurial Development cycle

Simulation:Entrepreneurial education

Planned publicity for entrepreneurialopportunities

Identification of potential entrepreneurs

through scientific method

Motivational training to new entrepreneurs


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Help and guidance in selecting products and preparingproject reports

Making available techno-economic information andproduct profits Evolving locally suitable new products and processes Availability of local agencies with trained personnel for

entrepreneurial counseling and promotions Creating entrepreneurial form Recognition of entrepreneurial skills


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SupportRegistration of units

Arranging financeProviding land, shed, power , water etc

Guidance for selecting and obtaining machinery

Supply of scarce raw materials

Getting license/import licenseProviding common facilities

Granting tax relief or other subsidy

Offering management consultancy

Help marketing product

Providing information


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SustainingHelp modernization

Help diversification/expansion/substitute productionAdditional financing for full capacity utilization

Deferring repayment /interest

Diagnostic industrial extension/consultancy source

Production units legislation/policy change

Product reservation/creating new avenues for marketing

Quality testing and improving services

Need based common facilities centre


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Growth of Entrepreneurs

Industrialization --- interactionI

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Technological changeSpecialization

Trade

Good Transport

Efficient communicationEntrepreneurship

Educated labour force


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A stable institutional frame work Objectives of developmental planning

-rapid and balanced economicdevelopment

expansion of opportunities for

employment and self employment


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Economic developmentI

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Self respect

Self help

Self reliance

developing entrepreneur(4)

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