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. SYLLABUS as 2 TAcademic Session: 2016-17] ENTREP) E zs u RENE URSHIP AND SMALL BUSINESS MANAGEMENT [Ms-207] Instructions to Paper Setters: 1. Question No, No. 1 shouid be compulsory and cover the entire syllabus. This question should have object. : © OF short ansuer type questions, It should be paneer questions ltshould be of 25 mars. Bow a zs ee No. 1, rest of the paper shall consist of four units as per the syllabus. Fien lit shout have tuo quitins, Howser student may be asked oat only 1 “ach unit, Boch question should be of 12.5 marks Objectives: The cour is ‘Se aims at instituting entrepreneurship skills in the students by giving an overview of wi vieganvenrew of who the exropreearar an wn cmetoncn re ont ase ae remit Of CR treprencur. The Course aims at giving insights into the Management are csi based on 88 Mode: Stiriuate, Sustain and Support eo thal a ‘ship can be inculeated among the student partiipants. UNITL Entrepreneurship: Hl cece HB, Concept ind Definitions; Entrepreneurship and coomie Developm ts Diaeecation dnd Types of Entrepreneurs; Entrepreneurial Competencies; Factor Affecting Eaeepmeeentiat Growth ~ Reonomfe, Non-Economie Factors; EDP Programmes Ve Baepren a aining; TraiteQualities of an Entrepreneurs; Entrepreneur; Manager (UaHours) UNITI > Opportunit lent s ere dente cation and Product Selection: Entrepreneurial Opportunity Search and Wdentifcation; Criteria to Solect a Product; Conducting Feasibility Studies; roect zation: Sources of Information. area UNIT I Small Enterprises a Rationale; cere aa Eoterpriao ianching Formslton: gat MR . "ive; Scope; Role of SME in Economic Development of India; SME; stration; NOC from 2 ; SME; Ps from Bollton Boracay ‘and Equipment Selection; Project Report aren Of Project Report; Project Planning and Scheciling using Networking “hniques of PERT / CPM; Methods of Project Appraisal. ed Homes), i * UNITIV Role of Su ae oe SID; SIDbh tions and Management of Small Business: Director of Industries; RISBUED, Sua UEs Small Industries Development Corporation (SIDO); SISI; NSIC; Management Pear ar aicial Corporation SPC; Marketing Managements Production fanagement: Finance Management; Human Resource Management; Export Marketing: Case Studies-At Teast 4 (four) in whale course. ‘ement Sed Hours) END TERN - 'THIR ENTREPRENEU MANAGEMEN ime 9 Hrs, Note: Attempt any five questi Q.1. Differentiate Ent: the geonomie and nonces front inndia® Discus ‘Ans. The difrencbes ax enterprise is a basins Sustainable ceoomie devel Entrepeneore nothing of eration vocading orig enssopenoureip, The ete tho coonomic words eso There are large numb entrepreneur, There fa 1 PSYCHOLOGICAL entrepreneur ost her fnuencingenroproneara (@) Need for Achiever goal Peepe having ned totale in mers luc Ie Costes entrepreneur (Personal Motives respansie or entreprences Re vould beoome te ihest (c) Recognition: - Ma respon em eer (a) Need ot Authority bocamsentapreneurs, they {2 CULTURAL RACTC ike Fate, balling ot tf, (Value and bean fits inven eatepre Ce) Cultures Calare orag.smevodaio have (@ Religious Bete rls wa te Sal theenttopescria ene (©) minority Group soverned cla fe Enteprenesial and econan in Meaival Europe, the inportant oles promt (a) Spit of Capitals canting re and more tGendescjtion often £-2019 Third Semester, Entrepreneurship and Small Business Management. 3. SOCIAL FACTORS:- What mould ¢ man ino an entrepreneurs the sociological and environmental factors during dildhogd en atthe sal, personal cearose adult Tie at the college saments, the mobility, oecupation and support (a) Legitimacy of Entreprenéurship: - System of norma and values within a sociocultural setting is responsible forth emergence of entreprensurship. The deeree of approval ox disapproval granted to entreprenauril behaviour wil fafluence eg eergence nd its charactersies if it does emerge, (6) Social Marginality:- Individuals or groups onthe perimeter ofa given social «ten or between two soil sytams provide the peramanel to aasure the entsepreneural role, Socal marginalityisikelytopromate entroproncurship ar largely termined by two factors, namely the legitimacy of entcepreneurship and social maui. (©) Family, Role Models and Association with Similar Typeot individuali:- If an individual has a supportive fei he or she s more likely ta become an entrepreneur Similarly ifan individual has vole models who have been successful in entrepreneurship, certainly, he may be motivated to start ventures. Ifa person is in association with entrepreneurs, this may add to his or er decie of setting up a new venture Taliance, ‘Tate, Birla te are the industries depend upon fanily based inheritance. Roberts 1994) has developed the ide ofthe entreprenaural ortago “tp describ te importance of the family background for the entreprenetr This erage neludes factors such asthe father's occupation, the family work ethic and religion, family size and the fet bors son, growing up experience and go on (@ Caste System: - Certain religions and caste encpurage the growth of entrepreneurial talent. Some religious communtic ike the parses, marearis asd sindheos seam to have an affinity for entroproneurial activity. The taste maton ra Hindu society has promoted to the growth of business and proteasionel skill, (©) Occupation :- Those born in rich families with silver spoons in their mouth have not only an advantage of having financial resources for carrying out business ut also learn the business skill by continuous interaction and contacts with parent, customers, employees and visitors in family shops, ofees and homes () Education and Technical Qualifications: - Bdueation isthe best means of developing man’s resourcefulness which eneompises different disenuions-ot larleoanenrsidps sas Bs ao een CELE TTT et ‘entrepreneurs to exorcise their entrepreneurial talent more efficiently and effectively. () Social Status: - Every human being aspires for @ high social status and once he achieves a reasonable lve, his aspirations did desires Yor 1s Har getting mulplion Pooplo work hard to maintain their status t alan contribu to ther entroprenesal growth. ie ~ "Gy Social Responsibility: Ibis the obligation to the sity jn which Use business entrpris partes Anenteptoncar fnoratsGesloymert thes besides helping ial 4. ECONOMIC FACTORS: - Economie Tactors aloo influence the growth of ‘entrepreneurship. The important esonomic factors are (a) Infrastructural Facilities: -Entreprencurship development requires certain basic infrastructure like power, transportation, communication, technical inforsvation etc. These provide external economiés and improve the efficiency af investments by entreprenetrs These infrastructural faelitos ave scare in lesa developed countriee ‘Tao entreprenoifa themselves have to procure these alti at ther war oat They have to abtain these facilities at higher ests SS ‘This will greatly discourage the entreprencurship development. In advanced countries, thoce who are desirous of etarting an enterprise will find, so diiculty in procuring the infrastructural facilities at reasonable erat, ER (2 Financial Resource required to obtain materials, ru: isregarded as lubricant to the pr the youth and potential e working capital should be adeq. (©) Availability of Mate only if there is an adequate materials attracts more indiv ‘essential for innovation, With ‘techniques of production, (@) Labour Conditions factor which influences the em of cheap labour positively affe by capital intensive technolo ‘facilities, incentives and conc: Q2.(@) What are Entr Entrepreneur. ‘Ans. Competeney ig a ch: superior performanes in a job, motives or traits that an indi MEANING OF ENTREPRE Itis defined as character traits, selfimago, social roles = and/or growth. In short, the © business venture and carryi ‘competencies, ‘TYPES OF ENTREPRENEU Temay_be classified into t (@) PERSONAL ENTRE} to perform the tasks effectively 1 Initiative: It is an inne 2.Ability to See and Act « ‘and take action on such opport 8. Persistence: It means t! twovercome obstacles, 4. Information Secking:: open He should accept new ier toconsult experts for getting th 5. Concern for High Qua that meet or beat existing stan. 6. Commitment to Work sacrifices for completing the eo: 7. Commitment to Effiei ways for or find ways todo thing should try new m ethods aimed 8. Systomatie Planning: | use the logical step by step plar 9, Problem Solving: Entr ~identifying new and potentially ideas or innovative solutions ta Business Management LP University IMBAPAkash Books 201 assuinption of business risk and commitment to his vision eannot be dclegutod to the clisbiity or other personal o i a . ae ae joal manager. Failure to the professional executive may mean 8 little more i comDaDY eae eer __ Than locating a new job perhaps even at « higher salary, whereas failure of

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