entrepreneurial development programme (2)

7/31/2019 Entrepreneurial Development Programme (2)

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INTRODUCTION

EDP

MEANING NEED FOR EDP

DESIGNING AN EDP

ENTREPRENEURIAL DEVELOPMENT CYCLE

OBJECTIVES OF EDP

COMPONENTS OF EDP


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TYPES OF EDP IN INDIA

STRUCTURING OF EDP

ISSUES OF EDP STRATEGIES FOR EDP

MISCONCEPTIONS ABOUT EDP

EDP IN INDIAN SCENARIO

CONCLUSION


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An entrepreneur is one of the most importantinputs in the economic development of acountry or of regions within the country.Entrepreneurial competence makes a lot of

difference to the rate of economic growth of thecountry as well as the organization.

Therefore, Entrepreneurial developmentprogrammes have a major role to play indeveloping and enhancing the competencies ofan entrepreneur in the benefit of both- theorganization and the nation at large.


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ENTREPRENEURIAL DEVELOPMENT

PROGRAMME - MEANING

Entrepreneurial development programme

means programme designed to help a

person in strengthening hisentrepreneurial motive and in acquiring

skills and capabilities necessary for

playing his entrepreneurial role

effectively.

A programme which seeks to do this can

qualify to be called an EDP.


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To speed up the process of activating thefactors of production leading thereby to :

Higher rate of economic growth Dispersal of economic activities

Development of backward and tribal areas

Creation of employment opportunities

Improvement in standard of living Involvement of all section of society in process

of economic growth


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EDP covers three major variables :

LOCATION TARGET

GROUP

ENTERPRISE

Any of these can become the focus or starting

point for initiating and implementing an EDP


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It is now well recognized that entrepreneurs canbe developed through appropriately designedentrepreneurial development programme. Theseprogrammes have a three tier approach :

1) Developing achievement, motivation andsharpening of entrepreneurial traits andbehavior.

2) Project planning and development andguidance on industrial opportunities.

3) Incentives and facilities and rules andregulations and developing managerial andoperational capabilities.


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Support

Sustaining

Stimulatory


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Stimulatory

Education

Publicity

Motivation

Guidance Information

Forums

Recognition

Support

Registration

Finance

Land, Power,

Water Machinery

License

ManagementConsultancy

Marketing

Sustaining

Modernization

Diversification

Additional

Finance Policy

Change

New Avenues

QualityTesting

DeferringRepayment


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MAJOR OBJECTIVES OF EDP

The expert group constituted by the NIESBUDaccepted that it must be able to help selectedEntrepreneurs to :

Develop and strengthen their entrepreneurialqualities

Analyze environment

Select project/product Formulate Projects


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Understand the process and procedure ofsetting up of small enterprise

Acquire the basic management skills

Know the pros and cons of being anentrepreneur

Acquaint and appreciate the needed socialresponsibility


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Develop entrepreneurial culture

Accelerate the process of industrial andeconomic development

Transform the Indian economy


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COMPONENTSOF EDP

behavior

Opportunity

Initiative

Creativity

Responsibility

Networking

Judgment

attributes

Self Confidence

Perseverance

High Locus of Control

Action Orientation

Learning by Doing

skills

Problem Solving

Negotiating

Selling

Proposing

Strategic Thinking

Components


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TYPESOF EDP IN INDIA

Awareness Training Programme

Industrial Motivation Programme

Product Oriented Entrepreneurial Development

Training Programme


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Skill Development Programme

Management Development Programme

Target Group Oriented EntrepreneurialDevelopment Training Programme


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STRUCTURINGOF EDP

Survey of Entrepreneurial Opportunities :

The objective of this survey is to identifyopportunities in industries and other activitieswhich offer a promising future forentrepreneurs.

Selection of Entrepreneurs :

If the entrepreneurs are not properlyselected, the entire programme can be affected,and this has a direct bearing on the successrate to stand guarantee for young entrepreneurs


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Experiences in EDP Abroad

Experiences of some foreign countriesshould be taken. Example: In a recent workshop

organized by East West Centre TechnologyInstitute, Hawaii, the EDP experiences ofvarious countries were discussed. Theexperiences of other institutions likeDevelopment Technology Centre, Institute ofTechnology, Bandung Institute of Psychologycan also be taken.


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Entrepreneurial Awareness :

It means the consciousness about the

importance of the role entrepreneurs play inaccelerating growth of the economy and inenriching the quality of life of the people.


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Entrepreneurial Discipline :

Entrepreneurs are expected to follow a

certain discipline which is essential forentrepreneurial career. This covers subjects like :

Repayment Behavior

Financial Management

Response to Tax and StatutoryRequirement

Law and Compliances


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Progressive Outlook Towards Labor

Labor Management

Care for Ecology and Environment

Environment Management


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ISSUES OF EDP

Structure and Composition of EDP

Areas of Operation

Fixing Priorities

Lack of Specialist Support


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Diverse Opinions

Low Institutional Commitment

No Local Support

Non Availability of Inputs

Poor Follow up


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No Adequate Research Facilities

Inconsistent Programme Design

Ambiguity

Lack of Clarity

Lack of Creativity and Commitment


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STRATEGIES FOR

ENTREPRENEURSHIP DEVELOPMENT

Public entrepreneurship should remain confinedonly to those industries where private enterpriseindividual or corporate is generally not attracted.

All possible efforts should be made very seriouslyfor the development of an industrial culture.

There is need to develop management educationand industrial training.

Development programmes for backward regionsand areas should also be constituted.

Adequate measures for mobilizing and fosteringentrepreneurial talent in the country must be taken.


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Objectives of economic policy should be suchwhich favor overall interest of countries

economy.

Institutional framework should work towardsmeeting major industrial or economic needs orgoals.

Financial Institutions should provide adequateand timely credit and technical assistanceespecially to small and medium size enterprise

Special categories of entrepreneurs Like

women, retired army personnel, etc must alsobe considered for EDPs.


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MISCONCEPTIONS ABOUT EDP

Arises because of lack of honest promotionalefforts or high entrepreneurs expectations

JOIN AN EDP, ALL YOURPROBLEMS ARE SOLVED

Training is only one of the segments in theprocess of developing entrepreneurs

EDP MEANDS ONLYTRAINING

EDP is a success with maximum number ofparticipants

HIGHER THE NUMBER,BETTER THE EDP

EDP SUCCESS IS THE SOLERESPONSIBILITY OF TRAINER/MOTIVATORS

ROLE OF TRAINER


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List of organizations provide Entrepreneur Development

Programmein India:

1. National Institute of Enterprise and Small BusinessDevelopment (NIESBUD): was founded by Ministry

of Industries of Government of India in the year1983

2. IIC( Indian Investment Centre): founded byGovernment of India

3. EDII( Entrepreneur Development Institute of India):is founded by the mutual coordination ofGujaratgovernment and Public Financial Institutions.

4. TCO(Technical Consultancy Organization)


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CONCLUSION

Thus, as evident from the above

discussion, we can conclude that EDPs are of vital

importance to supplement the growth of

entrepreneurs. EDPs provide a wide range of

resources and enhance the competencies of abudding entrepreneur.

However, in India, EDPs are basically

state owned and are conducted for SMSEs to

encourage the growth of entrepreneur in this sectorfor the welfare of the economy and general interest

of the country at large.


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THANK YOU

entrepreneurial development programme (2)

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