Download - Entrepreneurial Development Program
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Acquisition:-A purchase of one company byanother Taking ownership of another business)
Outsourcing:-Obtain (goods or a service) bycontract from an outside supplierPurchasingstandard operational services from another
business. Outsourced services typically including
accounting, payroll, IT, advertising, and more)
Accretion:-Growth or increase by the gradualaccumulation of additional layers ormatter(Growth or increase in the value or amount
of something)
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Culture
ReligionClass, Family and Tradition
Political Dependency
Social and Cultural Dependency
The Role of Government in Economic
Development
Education
Psychological- Need Achievement
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A programme conducted to help a person instrengthening his entrepreneurial motive andin acquiring skill and capabilities required forpromoting and running an enterpriseefficiently.A programme which is conducted with amotive to promote potential entrepreneurs,understanding of motives, motivationalpattern, their impact on behavior and
entrepreneurial value
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A well designed EDP envisages three tiered
approach:1. Developing achievement motivation and
sharpening entrepreneurial traits and
behaviour.2. Guidance on industrial opportunities,
incentives, facilities and rules
and regulations.3.Developing managerial and operational
capabilities.
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An effective way to develop entrepreneurs
which can help in accelerating the pace ofsocio-economic development, balancedregional growth, and exploitation of locallyavailable resources.
It can also create gainful self-employment An EDP equips entrepreneurs and makes
them competent to anticipate and deal with avariety of problems that any entrepreneur
may have to face
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It gives confidence to the entrepreneur to face
uncertainties and take profitable risks. It prepares themto deserve and make good use of various forms of
assistance.
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Accumulation:-The acquisition or gradualgathering of something (Collection or buydata)
Across The Board:-Applying to all(The involvement of everything in an industryor company)
Ageism:-Prejudice or discrimination on the
grounds of a persons age (Ageism not matterbut Idea and zeal matter)
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What do you mean by EDP?
Why it is required for an
organization?
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Designed with aim of encouraging self employed
Impart training and motivates potential & existingentrepreneurs to start new business or diversity and
expand the existing one.
Help employment and wealth creation among educated
unemployed youth. Well equipped to face risk & challenges as an
entrepreneur
Acquire the basic management Skills
To develop entrepreneurial opportunities for potential
Entrepreneur.
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No Proper Strategy
Difference in opinion (Management) No Local Support
Poor follow up
No adequate research facility Unplanned training Methodology
No clear cut objectives
Lack of clarity in approach
Selection of wrong person
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Stimulatory
SupportSustaining
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Entrepreneurial Education
Planned Publicity
Motivational Training of New
Entrepreneurs
Help and guidance in selecting Productsand preparing project required.
Making available Product Profile
Evolving locally suitable new product
processes
Creation Entrepreneurial forum
Recognition of Entrepreneurial Skills.
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Registration of unit
Arranging Finance
Providing land, power, water etc.
Guidance for selecting machinery Supply of raw materials
Getting licenses
Providing Information
Offering management consultancy
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Help Modernsation Help diversification/ expansion
Product Reservation
Quality testing and improving services Need based common facilities centre
Policy changes
Diagnostic Industrial extension/
Consultancy sources
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National Institute for Entrepreneurship and
Small Business Development (NIESBUD) Small Industries Service Institutes (SISI)
Entrepreneurship Development Institute of India(EDI)
Institutes of Entrepreneurship Development (IED) Centre of Entrepreneurship Development (CED)