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Entrepreneurship development in india

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Entrepreneurship development in india

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Entrepreneurship development in india

  1. 1. Entrepreneurship Development in India Prof. Shrinivas V K Prof. SVK
  2. 2. Approaches to ED  HR Development  EDP  NEED Prof. SVK
  3. 3. EDP  EDP means programme designed to help a person in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively Prof. SVK
  4. 4. The Need for EDP  Speed the process of activating the factors of production  Leading to higher rate of economic growth  Dispersal of economic activities  Development of backward and tribal areas  Creation of employment opportunities  Involvement of all sections of the society Prof. SVK
  5. 5. Misconception about EDP  EDP is solution for all problems  EDP means only training  Higher the number, better the EDP  EDP success is the sole responsibility of Trainer- motivators Combined course may help Prof. SVK
  6. 6. Prof. SVK ED CYCLE
  7. 7. Objectives of the Programme  To promote and development of SME that would encourage self employment  Stimulate new venture and expansion of existing activities of SME in rural areas.  Upgrade managerial skills of existing entrepreneurs and develop potential capabilities for potential entrepreneurs Prof. SVK
  8. 8. ED Training should focus on developing  Entrepreneurial behaviors Taking initiative, grasping opportunity, Managing autonomously, solving problems creatively, Netwoking Etc  Entrepreneurial attributes Achievement orientation, self confidence, self esteem, high internal locus of control, hard working, determination  Entrepreneurial skills Creative problem solving, negotiating, selling, strategic thinking, intuitive decision making under uncertainty Prof. SVK
  9. 9. Importance of Training/development  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  Minimize accidents on the job  Reduce fatigue and increase speed of work  Standardization in industry and internal processes Prof. SVK
  10. 10. Methods of Training  Individual instruction  Group instruction  Lecture method  Demonstration method  Written instruction method  Conference  Meetings Prof. SVK
  11. 11. Structuring EDP  Survey of entrepreneurial opportunities  Selection of entrepreneurs  Experiences in EDP abroad Prof. SVK
  12. 12. Pre requisites of EDP  Selection of entrepreneurs  Inputs for EDP  Support system  Follow up Prof. SVK
  13. 13. 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 Prof. SVK
  14. 14. Selection of entrepreneurs for EDP  The programme is well publicized and promoted to attract maximum applications for screening  Selection of top 25 to 30 applicants only  Applications screened for:  Demographics and socio cultural data – age, education, work exp, financial resources, type of business etc  Motivation factors – pull factors, source of encouragement, credibility, endurance, concreteness of plans  Psychological test results- traits like risk taking, need for achievement Prof. SVK
  15. 15. Features of EDP  Identification and careful selection of entrepreneurs for training  Developing the entrepreneurial capabilities of the trainee  Equipping the trainee with the basic managerial understanding and strategies.  Ensuring a viable industrial project for each potential entrepreneur.  Helping him to secure the necessary financial, infrastructural and related assistance; and  Training cost is highly subsidised and only token fee is charged. Prof. SVK
  16. 16. Issues in EDP  Structure and Composition of EDP  Areas of operation  Fixing Priorities  Lack of specialists’ support Prof. SVK
  17. 17. The operational problems  Inherent inability  Diverse opinions  Poor strategy  Lack of institutional commitment  Lack of local support  Non availability of inputs  Poor follow-up  Inadequate research facilities  Ill planned training methodology  Lack of creativity and commitment Prof. SVK
  18. 18. Institutions in Aid of Entrepreneurship Development Prof. SVK
  19. 19. National Institute for entrepreneurship and Small Business Development (NIESBUD),New Delhi  Established by Government of India in 1983  An apex body for coordination and supervison on activities of various institutes engaged in entrepreneurial development  Helps evolution of EDP, model syllabi, effective training strategies, methodology, manuals and tools  Activities undertaken:  Organise and conduct training programmes  Coordinate training activities of various agencies/institutes  Provide affiliation to such institutes  Hold examinations and confer certificates to trainers and trainees
  20. 20. Small Industries Service Institutes (SISI)  Three months part time evening courses in 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  Helps individual firms on specific problems faced
  21. 21. Small Industries Development Organisation (SIDO)  Runs EDP in collaboration with financial institutes, directorate of industries  Gives on the job training on shop floor (carpentry, electrical devices)  Sends its officials/trainers to organisations to update their knowledge
  22. 22. National Small Industries Corporation (NSIC)  Provides apprenticeship for 2 years  Training supervisory staff of SSI up to 2 years  Training to engineers up to 2 years  Training workmen for 12 months  Training to set up own venture  Advice on machinery and components  Production of technologically advanced machines
  23. 23. Entrepreneurship Development Institute of India (EDII),Ahmedabad.  Develops programmes for entrepreneurial training and development  Develops innovative training techniques for trainers  Focused attention on women entrepreneurs with first such EDP in 1988  EDP for rural entrepreneurship development in U.P and Orissa  Famous for organising camps on entrepreneurship  Condusted EDP in Sri Lanka, Nepal, Ghana, Kenya etc
  24. 24. National Alliance of Young Entrepreneurs (NAYE)  Contribution in encouraging women entrepreneurship  Set up women’s wing in 1975  This wing assists women in:  Getting better access to resources, infrastructure, markets  Identify investment opportunities  Attending to problems of individual industries  Sponsor participation in trade fairs, exhibitions, conferences  Organise seminars, training programmes, workshops
  25. 25. MANAGEMENT DEVELOPMENT INSTITUTE (MDI) Objectives of the Centre for entrepreneurship  To provide a variety of services, on a non-profit basis, to encourage, plan for, and link up entrepreneurs, firms, and organizations in India and abroad  To offer facilities and networking to entrepreneurs under an Outreach Program  To train students aspiring to be entrepreneurs  To render services and training that may facilitate entrepreneurs to operate in emerging areas  To serve as a platform for various national international centers Prof. SVK
  26. 26. Institute of Entrepreneurship Development  IED Odisha was established in the year 1987 with an aim to inculcate the value of entrepreneurship to the educated unemployed youth in the state and to motivate them to enter into the field of self employment.  Since its inception the institute has trained more than one lakh entrepreneurs in various fields with success rate about 30%.  Presently the institute is focusing on skill based training for the youth.  mission is to promote micro, small and medium enterprises through innovative and need based entrepreneurship trainings.  The institute has to act as a national pace setter in the field of entrepreneurship education, consultancy, research study, training and development. Prof. SVK
  27. 27. National Science & Technology Entrepreneurship Park (STEP)  The Science Parks and similar initiatives help in creating an atmosphere for innovation and entrepreneurship; for active interaction between academic institutions and industries for sharing ideas, knowledge, experience and facilities for the development of new technologies and their rapid transfer to the end user. Prof. SVK
  28. 28. Objectives  To forge a close linkage between universities, academic and R&D institutions on one hand and industry on the other.  To promote entrepreneurship among Science and Technology persons, many of whom were otherwise seeking jobs soon after their graduation.  To provide R&D support to the small-scale industry mostly through interaction with research institutions.  To promote innovation based enterprises. Prof. SVK
  29. 29. Centre for Entrepreneurship Development(CED) Objectives of CED:  To promote self-employment and Entrepreneurship culture .  To enhance employability of educated youth through industry specific skill training  Women empowerment  NGO Capacity building for mass employment generation in the rural areas. Prof. SVK
  30. 30. Activities of CED  To conduct Entrepreneurship Awareness Camps in the colleges  To conduct Sector Specific Entrepreneurship Development Programme  To conduct Faculty Development Programme in Entrepreneurship  To conduct Bankers / Development Officials Sensitization Programme on Small Industry  To conduct Women Entrepreneurship Development Programme  To conduct Skill Development Courses in Catering Technology, Fashion Technology and Information Technology.  To conduct NGO Capacity Building Programme  To undertake Industry consultancy services  To undertake research assignments  To collaborate with other agencies / organizations for mutually beneficial activities Prof. SVK
  31. 31. Thank you….. that’s it.. Prof. SVK
  32. 32. Significance and role of Environment on ED
  33. 33.  Entrepreneurs are not born…….they are made right from the childhood  The environment around the entrepreneur makes an entrepreneur Prof. SVK
  34. 34. Environmental factors  Parents  Friends  Teachers  School atmosphere  Neighbourhood  Society around him Prof. SVK
  35. 35.  Entrepreneurship is the result of the interaction and assimilation of different social and environmental factors Prof. SVK
  36. 36. Entrepreneurial Environment  Entrepreneurial Environment is a combination of factors that play a role in the development of entrepreneurship.  First, it refers to the overall economic, socio- cultural, and political factors that influence people’s willingness and ability to undertake entrepreneurial activities.  Second, it refers to the availability of assistance and support services that facilitate the start-up process. Prof. SVK
  37. 37. The available literature on entrepreneurial environments can be grouped into three broad streams:  general environmental conditions for entrepreneurship;  environmental conditions of a particular country or region; and  the role of public policy in shaping the entrepreneurial environments. Prof. SVK
  38. 38. General Environmental Conditions  General environmental conditions that may influence entrepreneurship include:  legal and institutional frameworks for efficient functioning of private enterprises  presence of experienced entrepreneurs and skilled labor force  accessibility of suppliers and customers or new markets  high degree of competition among firms  favorable government policies  provision of training and support services  supportive infrastructure Prof. SVK
  39. 39.  In addition, the literature suggests that the characteristics of people, their skills, experience, and motivation, play important roles in new venture creation Prof. SVK
  40. 40. Country/Region Specific Environmental Conditions  Countries that keep rules and regulations at a minimum, offer tax and other incentives, and provide training and counseling services to start-up entrepreneurs increase the likelihood of new venture start-ups.  Furthermore, factors such as availability of financial resources, large size urban areas, and presence of universities for training and research are found to be very important to increase the rate of new venture creation Prof. SVK
  41. 41. Studies also show that entrepreneurs face several obstacles, such as lack of financial assistance, lack of information on various aspects of business, excessive taxation, and high rate of inflation. Prof. SVK
  42. 42. Role of Public Policy  Scholars that focused on the role of public policy suggest several policy options for developing entrepreneurship.  These policy options include provision of  venture capital funds  tax-based incentives, and government procurement programs  protection of proprietary ideas and innovations  investment in education and research  explicit recognition of, and support for, entrepreneurship by government agencies  fostering of entrepreneurship by educational institutions  and minimization of entry barriers. Prof. SVK
  43. 43. Entrepreneurial motivation Positive environment Encourages entrepreneurial development and growth This is called entrepreneurial motivation Prof. SVK
  44. 44. Greatest Motivation…… Money But……… It is not alone that inspire an entrepreneur Prof. SVK
  45. 45. Other motivating factors are:  Internal  External Prof. SVK
  46. 46. Internal factors  Family background  Education background  Training and work experience  Desire for achievement  Desire to head a unit Prof. SVK
  47. 47. External Factors  Availability of inputs or raw materials  Demand of the product and large profits  Availability of infrastructure and finances  Availability of technology  Short supply of the product  Government initiative and assistance  Ready availability of sick units Prof. SVK
  48. 48. Role of Infrastructural Network Prof. SVK
  49. 49. Prof. SVK  The basic infrastructure at the place of the project help in  speedy implementation of the project  Reduce costs  Increase profitability
  50. 50. Prof. SVK  Better or rapidly improving infrastructure in a particular area may attract more entrepreneurs and see enhanced entrepreneurial activities
  51. 51. Basic infrastructure requirements Certain infrastructural elements seem to make substantial impact on the entrepreneurial environment.  modern transport and communication facilities that provide easy access to suppliers and customers  Road Network  Connected to Rail  Ports  Airport Prof. SVK
  52. 52. Prof. SVK  location decisions of based on the community’s ability to supply trained and capable workers and on the proximity to research and development institutions
  53. 53. Prof. SVK  existence of universities and research and development programs  a well-educated and technically skilled labor force.
  54. 54.  Supporting industries  Climatic conditions  Logistic support  Electricity  water Prof. SVK
  55. 55. Role of Infrastructural Network  Most commercial operations such as venture capital firms and commercial banks tend to exhibit greater interest in concentrated, urban areas that usually have a well-developed infrastructure and concentrated demand for funds  They also favour areas where businesses are easier to supervise and monitor and the cost of supervising and monitoring loans is relatively low Prof. SVK
  56. 56.  The basic infrastructure at the place of the project help in  speedy implementation of the project  Reduce costs  Increase profitability Prof. SVK
  57. 57.  Better or rapidly improving infrastructure in a particular area may attract more entrepreneurs and see enhanced entrepreneurial activities Prof. SVK
  58. 58. Prof. SVK
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