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Unemployed Scenario:

Limited wage employment

Leading towards ------


Unemployment Rate in India
 Goa (highest in India) 13.6%
 Lakshadweep 13.2%
 Bihar 2.4%
 Orrisa 2.6%
 Uttar Pradesh 1.4%
( The Financial Express)
Unemployed Scenario in India
• Registered State wise Unemployed -
• Haryana 6.57 Lakh
•Punjab 3.44 Lakh
• Delhi 7.3 Lakh
• Himanchal Pradesh 5.82 Lakh
• Assam 11.69 Lakh
• Karnataka 12.94 Lakh
• U.P. 15.45 Lakh
• Kerala 22.65 Lakh
•Maharastra 33.66 Lakh
• Tamilnadu 36.84 Lakh
• West Bengal 46.74 Lakh

TOTAL 3 Crore
• Unregistered will be many more times ( Tribune News Service)
NEED AND SIGNIFICANCE OF SMALL ENTERPRISE TO
THE ECONOMIC DEVELOPMENT OF THE COUNTRY

 INCREASING NATIONAL PRODUCTION


 IMPROVEMENT OF QUALITY OF LIFE
 SATISFY SPECIFIC NEEDS
 EQUITABLE DISTRIBUTION OF INCOME
 WEAKENING MONOPOLY
 EMPLOYMENT GENERATION
 RETENTION OF WEALTH LOCALLY
 BALANCED AREA DEVELOPMRNT
 GENERATING EXTERNAL WEALTH
 HUMAN CAPITAL FORMATION
 HARNESSING YOUTH VIGOUR
EXPERIENCE
 There is positive linkage between
Entrepreneurship and economic prosperity.

 Entrepreneurship is instrumental in achieving


progress in all walks of life.

 Entrepreneurship development is not a programme


but a process whereby people in general are
stimulated, supported and their enterprising
activities are sustained.

Cont.
 It requires to be viewed in terms of integration of activities
and coordination among different departments.

 Entrepreneurial culture need to be in built mechanism of


development process.

 A set of competencies is already identified to help people


become entrepreneurs. These competencies could be
developed through training intervention.

Cont..
 Competencies could be broadly grouped as:
-Behavioral
-Enterprise launching and resourcing
-Enterprise management.
Emerging Trends
 Highly Competitive Market
 Competition between public & private
sector
 Quality consciousness and
standardization of products
 Fast changing Technology
 Technological Collaboration
 Liberalization in policy & action

Cont..
 NRIs readiness to invest in India
 Privatization of public sector
 Increased export opportunities &
mental readiness of other countries to
buy products from India.
The Entrepreneur :
Some Myths
 Entrepreneurs are born
 Entrepreneurs are high-tech
Professionals
 Entrepreneurs should have a good
knowledge of English
CAREER OPTIONS

Wedge Employment Self-Employment

1. NATURE Self-saturating Self-generating

2. SCOPE Limited Unlimited

Routine Type Creative


3. ORIENTATION
Status quo Innovative
Problem Avoiding Problem Solving
Dependent Independent(Decision)

4. SATISFACTION Through compliance Through pursuing own


Idea and creative urge

5. CONTRIBUTION Consumes National Generates National


Wealth Wealth

6. EARNING Fixed (Subsistence) Growing &


Generating surplus
7. STATUS Employee Employer
Some Successful Entrepreneurs

Bill Gates (Microsoft)


Laxmi Mittal (Mittal Steels, Arcelor Mittal)
Narayanamurthy (Infosys)
Ajim Premji (Wipro)
Karsanbhai Patel (Nirma)
Rajendra Pawar (NIIT)
Satish Kaura (Samtel)
Subhash Dandekar (Camlin)
Satya Prakash Mathur (Sumeet)
R.R.Gandhi & L.R.Gandhi (Vadilal Icecream)
Munjals (Hero Cycles & Hero Honda)
CONCEPT OF ENTREPRENEURSHIP

• ENTREPRENEURSHIP: CONCEPT

•Derived from a french word in 17 century


entreprendre.

• It refers to the individual who were basically


“undertakers” who took the risk of a new
enterprise.

• Entrepreneurship is basically an activity that


helps in sensing the opportunities, resourcing
innovations and realizing the pay off through the
actions performed by him or her.
In the process of entrepreneurship, the
individual scans an environment for
opportunity, identifies them, examine
the feasibility and converting into a
possible enterprise
MEANING OF ENTREPRENEURSHIP:

Entrepreneurship is the creation of an


innovative economic organization for the
purpose of gain or growth under condition
of risk and uncertainty.

Entrepreneurship includes innovation,


economic organization and growth during
risk and or uncertainty.
ENTREPRENEUR IS:
• Innovative
• Wealth and job generator
• Problem solver
• Excellence seeker
• Risk taker
• Decision maker for achieving one’s goal
• Achiever
• own boss
 Entrepreneurs is fourth factors of Economy (Land,
Labour and Capital)
CHARACTERISTICS OF ENTREPRENEUR:
1. Vision : Dream and visualizing the ways and
means to achieve, visualizing market demands,
socio-economic and technological environment
• Without the vision of making a big mark on the
mobile industry Dhirubhai and now Anil
Ambani could not have made what Reliance
Communication (An Anil Dhirubhai Ambani
Group) is today.
2. Knowledge : Conceptual knowledge and
technicalities of technological, operational,
financial & market dynamics.
• Without sound knowledge of computers
Naryanmurthy could not have made Infosys.
3. Desire to succeed :
Constantly work to achieve higher goals.
• Without a desire to succeed constantly Mukesh
Ambani would not have planned to ventured into
Retail, Real Estates and Biotech.
4. Independence
• Needs independence in work and decision making
without following rules of thumb and make their
own rules and destiny.
• Without a desire for independence, Sabeer Bhatia
would not have quit his job to start enterprise own
his own and created Hotmail.com and Arzoo.com
5. OPTIMISM:
• Highly optimistic about achieving their vision.
• Without optimism Narayanmurthy (who took loan
from his wife as not having enough finances) would
not have left a lucrative job and created Infosys.
6. Value Addition
• Not rule of thumb , but a constant desire to
introduce something new to existing business.
• Create, innovate or even add value to the existing
products.
• Without value addition of ‘life time free incoming
calls’ Tata Indicom would not have been able to
create space in already saturated mobile markets.
7. LEADERSHIP:
 Exhibits qualities of a leader -Good Planners,
Organizers, Good Communication Skills, Empathetic
toward their employees, good decision-makers,
initiative to implement plans, result oriented
8. Hard working
• At time also called as workaholics.
• Continuous efforts to achieve success and know that
there is no substitute for hard work
9. Desire to control over their own fate
• Do not move in herds like sheep but pave own
paths.
• Do not believe in luck or destiny but create their
own destiny.
10. RISK TAKING ABILITY:
• Frank Night has identified risk-taking ability as the
most integral element in defining entrepreneurial
characteristics.
• View risk as Career risk, financial risk, psychological
risk(Stress).
Thank you

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