entrepreneurial development program

8/10/2019 Entrepreneurial Development Program

1/15

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)


2/15

Culture

ReligionClass, Family and Tradition

Political Dependency

Social and Cultural Dependency

The Role of Government in Economic

Development

Education

Psychological- Need Achievement


3/15

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


4/15

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.


5/15

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


6/15

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.


7/15

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)


8/15

What do you mean by EDP?

Why it is required for an

organization?


9/15

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.


10/15

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


11/15

Stimulatory

SupportSustaining


12/15

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.


13/15

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


14/15

Help Modernsation Help diversification/ expansion

Product Reservation

Quality testing and improving services Need based common facilities centre

Policy changes

Diagnostic Industrial extension/

Consultancy sources


15/15

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)

entrepreneurial development program

Documents