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EDP Enter Dev Prog

EDP Enter Dev Prog

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Published by Vikrant Tarway

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Published by: Vikrant Tarway on Jul 27, 2011
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Entrepreneurial Development Programmes ( EDPs


‡ Entrepreneurship plays a vital role in the economic development of a country. ‡ After liberalisation and globalisation, the role of entrepreneur has reduced. This calls for organisation of EDP¶s for the development and growth of entrepreneurs.

‡ Analyse the environmental setup of small scale business and industry. .EDPs ‡ A Programme designed to help a prospective Entrepreneur would achieve the following objectives : ‡ Identify abilities. ‡ Acquiring skills & capabilities. ‡ Fulfilling his entrepreneurial motives. ‡ Motivating ‡ Arranging sources of help and provide support systems and procedures ‡ To provide training assistance.

‡ Make him learn compliance with law. . ‡ Develop a broad vision about the business.‡ Prepare him to face the uncertainities involved in running a business. ‡ Develop passion for integrity and honesty.

. ‡ They tend to change the personality of the participants.Need and Relevance of EDP¶s ‡ It is now believed that Entrepreneurs are made not born. ‡ EDP¶s are based on this belief that they can inculcate relevant attributes ignite the dormant skills and talents. change the outlook and convert the ideas into action through the systematic and organised training.

. ‡ Elimination of Unemployment & Poverty ‡ Balanced Regional Development ‡ Utilisation of local resources ‡ Large scale employment can reduce unrest and violence amongst the youth as they would be gainfully employed.Role & Contribution of EDP¶s in India ‡ Great role in increasing the supply of new entrepreneurs to accelerate the process of industrialisation.

.Phases of EDP¶s ‡ Pre-training phase‡ Identification & Selection of Entrepreneurs (written test. ‡ Arranging Guest Speakers after finalising training syllabus. personal interviews) ‡ Designing of course curriculum ‡ Selection of necessary tools. techniques and arrangement of Infrastructure.

‡ Is the person mentally prepared to undertake risk and uncertainity? ‡ Does the person have the right attitude ? ‡ What kind of entrepreneurial traits the trainee lacks the most? ‡ Whether the trainee possesses the requisite knowledge of technology & resources. .e motivation.Training Phase ‡ To develop ³need for achievement´ in employees i.

preparation of project report. ‡ Phase of guidance and monitoring .‡ Phase of guidance and monitoring ‡ Practical exposure. ‡ This facilitates in understanding buying and consumer behavior.

‡ Suggesting guidelines for framing future policies to improve performance.Post training phase ‡ Ultimate objective is to prepare the participants to start their own enterprise.e follow up meeting of the officials of EDP with the participants. . ‡ To see how far the objectives have been achieved. ‡ This is basically the follow up phase. ‡ i. ‡ Are there any drawbacks.

. ‡ Help in bringing the trainees in touch with financial institutions.‡ Assistance in selection location of unit.

‡ Procedures for getting plot. ‡ Few problems: ‡ Faced difficulties in getting finance.Evaluation of EDP ‡ To review the first three phases. power connection time consuming . ‡ To help expedite the process of borrowing from the Institutions.

Role of Govt in organising EDP¶s ‡ In 1950¶s the Govt realised the importance of promoting small industries. It set up at the National Level: ‡ Small Industries Development Corporation (SIDC) ‡ Khadi and Village Industries Commission (KVIC) for prodn and mktg of Khadi & handicraft items. .

‡ Industrial Finance Corporation of India( IFCI). ‡ National Small Scale Industrial Development Corporation (NSSIDC) ‡ National Bank of Agriculture and Rural Development (NABARD) ‡ Small Industries Development Bank of India( SIDBI) ‡ National Institute of Small Industry Extension Training (NISIET) .

State Level ‡ ‡ ‡ ‡ Small Industries Service Institutes (SISI) District Industrial Centres (DIC) State Financial Corporations (SFC) State Small Industries Corporations (SSIC) ‡ State Industries Corporations (SIC) .

‡ Increases efficiency. fatigues and defects. . abilities. ‡ Improves good relations and team spirit. accidents. ‡ It makes sure the availability of skilled labour at all levels of mgmt. ‡ Minimises wastage.Importance of Entrepreneurial Training ‡ It¶s an integral input for management development. speed and performance.

skills and capabilities of an individual employee tp perform a certain job are enhanced. .Nature and direction of change induced in the employee through the process of education and training. ‡ Development.EDP ‡ Training-Process by which aptitudes .

Entrepreneurial Training ‡ Objectives ‡ To impart knowledge about Industry. production and methods ‡ Build necessary skills ‡ Impart latest concept . . ‡ Impart customer education ‡ Impart knowledge of mktg of goods. techniques and information.

Helping them develop necessary skills. . Long duration Theoretical as well as practical training.Principles or Essentials of ET ‡ ‡ ‡ ‡ ‡ Presence of the right Atmosphere. Qualified and trained instructors.

‡ Scientific managerial techniques. . labour laws and taxation. mktg. ‡ Various aspects of management: finance. prodn. ‡ Information on Govt Policies and Programmes of assistance and support systems.EDT SHOULD COVER ‡ Conducting studies. inventory control. market surveys and research.

‡ Innovative employees disrupt the organisation in constructive ways to instigate new products and services. ‡ Also known as Corporate Entrepreneurship. .Concept of Intrapreneurship ‡ It¶s a process by which new ventures are born within the confines of an existing corporation.

creating new businesses. ‡ Intrapreneurial activities‡ 1)Corporate Venturing.‡ Shiv Nadar and friends left DCM to start HCL. Creating something of value either by redefining the company¶s current product or service or by developing a new market .

Self renewal. They are leaders by innovation rather than just following their competitors. ‡ 4).Proactiveness.technological innovation affecting a product or service. risk taking. making use of aggressive opportunities. . ‡ 3).‡ 2).Transforming an orgn by renewing the key ideas that form the basis of an orgn.Organisational Innovation.Experimenting.

Essence of Intrapreneurship ‡ To encourage top executives to become entrepreneurs within an organisation rather than establish themselves independently. .

promotion. power ‡ Intrapreneur.Independence. .Independence and career advancement. better facilities. money and achievement. ‡ Entrepreneur.Traditional Mgrs ±Corporate Rewards.Intrapreneur vs Traditional Managers and Entrepreneurs ‡ Motivation.

Direct Involvement .Mgrs .Delegates.cautious ‡ Intrapreneur / Entrepreneur-Moderate risk taker ‡ Activity. ‡ Intrapreneur / Entrepreneur. more of supervision rather than self involvement.Risk Profile ‡ Manager.

short term ‡ Intrapreneur ± Medium term ‡ Entrepreneur.Long term .Time Perspective ‡ Manager.

.Able to get others to agree ‡ Entrepreneur ± Follows dreams with the power of decision making. ‡ Intrapreneur .In accordance with senior managers.Decision Making ‡ Managers.

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