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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
Entrepreneurship Management
INTRODUCTION
Entrepreneurship means "the process of the entrepreneur". 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 new organizations or revitalizing mature organizations particularly new businesses, generally in response to identified opportunities. (Wikipedia)
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.
ENTREPRENEURSHIP DEVELOPMENT PROGRAMMES (EDPs) 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 with FGEs as they cannot attend various activities on their own.
The development process covers many activities like Selection of location Machinary Selection Training of employes Assistance for Project report Guidance for financial assistance Training in sales & services Changes & improvements in an enterprise etc.
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
Methods of Training
Individual instruction Group instruction Lecture method Demonstration method
Meetings
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
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
Entrepreneurship Management
Essentials of management
Fundamentals of project feasibility study Organising the business Plant visit
Entrepreneurship Management
Entrepreneurship Management
Entrepreneurship Management
4-6 weeks part time courses in intensive training in functional 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
Entrepreneurship Management
Entrepreneurship Management
Entrepreneurship Management
Entrepreneurship Management