Entrepreneurial Education and Training.

Introduction :
In a world where development and promotion happen more rarely,
Everyone still needs training. The role of training is to develop the critical
awareness of the staff. Certain individuals may need training for a specific
purpose, the development of new services, taking a new role in the
organization and so on.
The traditional school of thought had been thinking that
Entrepreneurs are born and not made. The modern observation has
been that some entrepreneurs may be born but a large number of them
can be educated, trained and made. The training centres to develop
entrepreneurs have been felt necessary even when some of the old people
had been thinking that once you are thrown into water you can learn
swimming. Learning by trial and error method is ruled out. But the fact
exists that the method of gathering experience this way is time consuming,
risky and costly. It is necessary to encourage more people to take up this
field, to help them to equip themselves with training.
IMPORTANCE OF TRAINING :
1. It minimizes the excessive scraps, defective outputs and wastage in
the production process.
2. It increases the potential abilities and thus improves performance to
the maximum attainable level.
3. It improves overall efficiency.
4. New techniques could be easily accepted through training.
5. Standardisation can be adopted in a factory where trained
employees are available.
6. Team spirit and teamwork can be promoted when employees are
fully trained.
7. Training enables employees to occupy higher position of authority.
8. Training enables the workers to work speedily and increases the
earnings of the employees.
9. Training reduces fatigue
10. It minimizes accidents in the industrial sector.

 OBJECTIVES OF TRAINING
1. To impart knowledge of the marketing of goods.
2. To broaden the vision of entrepreneurs by providing them suitable
opportunities for an interchange of experience within and outside
an industry.
3. To expose the entrepreneur to the latest development which directly
or indirectly affect them.
4. To build necessary skills of new entrepreneurs and workers.
5. To impart customer education.
6. To impart basic knowledge about the industry product and
production methods.
METHODS OF TRAINING
1. LECTURE METHOD
Under this method the instructor communicates in theory and
practice to be followed by the learners. The doubts under this
method are clarified on the spot.
2. DEMONSTRATION METHOD
This method is used where the performance of the work to be
shown practically is for the better understanding. The demonstration
method is more concerned with the practical rather than the theoretical
aspect.
3. INDIVIDUAL INSTITUTION
Under this method a single individual is selected for training. This
method of training is undertaken where a complicated skill is to be taught
to an individual.
4. GROUP INSTRUCTION
This method is suitable for the group of individuals with similar type
of work and where general instructions are applicable to all are to be
given.

5. MEETINGS
It is methods in which group of people who come together and
discuss the various problems confronting them. They exchange ideas and
views and later on come to a final decision.
6. CONFERENCE
When new ideas and techniques to increase production are to be
introduced, this method of training is used.

Entrepreneurial Development
Programme (EDP)
Entrepreneurial development program may be defined as a
programme designed to help an individual in strengthening his
entrepreneurial motive and in acquiring skills and capabilities
necessary for playing his entrepreneurial role effectively. It is
necessary to promote this understanding of motives and their impact
on entrepreneurial values and behaviour for this purpose.

OBJECTIVES OF ENTREPRENEURIAL

DEVELOPMENT PROGRAMME:
1. To analyse environment relating to small industry and small
business.
2. To select project/ product.
3. To formulate project.
4. To understand the process and procedure of setting up of
small enterprise.
5. To know the support needed for launching enterprise.
6. To acquire basic management skills.
7. To know the pros and cons of being an entrepreneur.

8. To look into faster industrial development.

9. Create employment opportunities by increasing medium and
small scale industries.
10. Focus on entrepreneurship
11. Industrialisation of rural and village sector.
12.Creating self-employment opportunities of educated
unemployed youth.
NEED AND IMPORTANCE OF

ENTREPRENEURIAL DEVELOPMENT
TRAINING PROGRAMME :
The entrepreneur splays an important role in the economic
development of any country. If the industrial progress of a developing
country is slow, it indicates that the level of entrepreneurship is low in that
country.
Entrepreneurs make use of the factors of production to the
fullest advantage of the society, generate employment, create innovation,
improve standard of living, develop backward areas, etc. All these lead to
higher economic growth and in turn in higher economic development.
The state of being jobless is a big problem that affects both
developed as well as developing countries. The entrepreneurship
development programmes has an important role to play in solving the
unemployment problem. The problem of unemployment and and
underdevelopment is different in developing and developed nations. In a
developed nation the unemployment is viewed more as social problems
than an economic one.
Unemployment is demoralizing. It is a major source of waste in
our present economic system.
The most alarming form of unemployment today is educated
unemployment. India is facing a chronic unemployment problem. This is
type of unemployment consists of those job seekers on whom the society
has invested its most scarce resources. The unemployment among the
educated is higher than among the uneducated. With the increase in the
level of education the rate of unemployment also increases.
Due to this frustration and discontent increases, the rate of crime
also increases, especially in youth as they are ready to do anything for
small return. Efforts of the state and the central government job, people
should make an effort to get themselves by starting their own business.

Under these circumstances EDP assumes much importance.

Shortcomings Of EDP :

1. Majority of the institutions engaged in EDP are themselves not

convinced of what they are doing as a task delegated to them by the
government.
2. Those involved and concerned with the selection and follow-up
activities have either limited manpower support or a narrow linkage
with other support agencies.
3. Non availability of various inputs i.e. raw material, power, etc. and
infrastructural support with poor follow-up also leads in the failure
of EDP.
4. There does not appear to be standard course curricula even in
terms of broad module being adopted by such institution.
5. There seems to be low institutional commitment for local support to
entrepreneurs besides low involvement of marketing, voluntary and
financial institutions in the programme.
6. There appears to be an inherent inability to identify the needs of the
institution and the difference of opinion prevailing amongst the
practitioners and trainers.
7. Training institutions do not show much concern for objective
identification and selection of entrepreneur and follow-up training.
8. The training provided under the EDP is not sufficient.
9. Information regarding market competition, etc. is not available
sufficiently in EDP.
10.The literature provided in the entrepreneurial development
programme is out-dated and insufficient.
Types of Programmes for Educating and Training
Entrepreneurs:
The various programmes available for educating and training
entrepreneurs are classified as under:
1. SHORT TERM TRAINING COURSES
Such courses are provided by Bombay Management
Association, Productivity Councils, Indian Merchant Chambers, Bankers

Training College, LIC, etc. Such courses vary from two to three weeks
duration.
2. FORMAT COURSES
These courses are in the form of entrepreneurial management or
similar title offered by universities at the post graduate level. The
University of Mumbai offers this subject at the Master degree programme
in administrative management. Other universities that offer such
papers/subjects are Karnataka, Andhra, Madras, Punjab, Lucknow,
Shivaji, Marathwada, South Gujarat, etc.
Pg no. 296, 297, 298, 300, 301, 302. ( Vipul Prakashan)