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A

SYNOPSIS
On

AN EVALUATION OF PROFESSIONAL COURSES


ON ENTREPRENEURIAL ORIENTATION

A Summer Training Report submitted to the Uttaranchal University in


partial fulfillment of the requirements for the award of the Degree of
MASTER OF BUSINESS ADMINISTRATION

Submitted by

POOJA TYAGI
(Enrollment No.:UU15220500047)

Under the guidance of


PROF. MANISH GURUNG

(Batch: 2015-2017)
FACULTY OF MANAGEMENT AND BUSINESS STUDIES
UTTRANCHAL UNIVERSITY, DEHRADUN

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CHAPTER- 1

INTRODUCTION TO TOPIC

A brief introduction

Entrepreneurship can be read as a cultural and economic phenomenon (Grozdani et al.,


2008). It is a process of fundamental transformation: from an innovative idea to an enterprise,
as well as from an enterprise to creation of value (Kauffman, 2007). There has been
increasing research interest in the influence of entrepreneurship and education on the
entrepreneurial behavior of students, especially in Eastern European countries during and
after the transition period. Entrepreneurship is increasingly recognized as an important
generator of growth, innovation and especially new job creations (Bakoti & Krui, 2010).
They also highlight the growing attention paid in many countries to fostering
entrepreneurship through university education and training. Exponentially, the growth of
entrepreneurship, as a field of research is evident in terms of the number of researchers,
articles, conferences, journals and business education programs (Krui & Pavi, 2010). The
main focus of this paper is the analysis of activities and future plans of undergraduate and
graduate students at the Faculty of Economics Split. This study also seeks to understand the
influence of different entrepreneurial courses1 on students current and future entrepreneurial
orientation. The last three decades have witnessed the emergence of entrepreneurial
orientation (EO) as an extensively discussed concept in the management literature . hundreds
of studies exploring the EO concept have been published in a wide variety of scientific
journals and presented at top conference . originating in Canada , specifically within a
research program at Mc Gill University under the leadership of Pradeep khandwalla and
henry mintzberg research on EO is now conducted by scholars around the globe .
historically ,EO research has primarily focused on firm level entrepreneurship . As such ,
much of the published work investigates the reason why some firms behave entrepreneurially
, the consequences of doing so, the cultural and contextual factors that facilitate or inhibit
corporate entrepreneurial behaviours , and whether the antecedents and moderating influence

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differ systematically from conservative firms. Considering the proliferation of scholarship on
the EO concept , especially over the last decade , this seems an ideal time to reflect upon the
findings , development , and future of research within the area . the recent publication of
several review articles suggests other scholars seem to think similarly . in this essay , we
assess the growth and contribution of extant EO research as well as identify gaps in the state
of science to highlight fruitful avenues for further scholarship in the area . we start with
identifying key developmental milestones over Eos life course , then use low and
Macmillians widely recognized specifications to organize our discussion of the EO
literature , and conclude with some suggestions to push the frontier of knowledge in EO
scholarship . we intersperse a careful analysis of prior research on EO . with novel insights ,
speculations and perspectives , aspiring toward a rich discussion about developing
knowledge around the EO concept.
We acknowledge at the outset that we are favorably impressed with how far EO research has
come from humble beginnings in the 1970s especially with the way it has formed the basis
on which a cumulative body has accumulated .As miller noted recently much insightful
work has been done on the topic of EO so that EO research has advanced considerably
and become quite influential in organizational science . yet, following kuhns advice that
periodic inquiries into the status of ideas are critical for scientific progress , we attempt to
calrify the current state of EO scholarship and specify its contributions . our purpose ,
therefore is not to criticize or dispute the progress made in the EO literature ; instead , we
seek to develop productive suggestions for future developments around the EO concept .

HOW DOES PROFEESIONAL COURSES INFLUENCE


ENTREPRENEURIAL ORIENTATION

Entrepreneurship is a process of establishing a business organization, which provides goods


and services, creates jobs, and contributes to the national income and the overall economic
development (Sethi, 2008). Entrepreneurial education is frequently considered an effective
strategy towards more innovation (Lin, 2004). Entrepreneurship has been a part of the
curricula in higher education institutions in North America for more than 50 years. The first
graduate course in entrepreneurship was offered at Harvard University in 1948 by Professor

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Miles Mace (Katz, 2003). Soon after, Harvard Business School Professor Georges Doriot
originated the concept of venture capital. Today, entrepreneurship courses are offered at most
universities across the United States and worldwide. The demand has been driven by the
students themselves, who are eager to take courses, ranging from business planning and start-
up, to entrepreneurial finance and technology management. Universities in many countries
have followed the example of US institutions and have instituted a wide range of
entrepreneurship education efforts (Fayolle, 2000; Lin, 2004).

2. RATIONALE OF STUDY

IMPORTANCE OF EVALUATION OF PROFESSIONAL COURSES ON


ENTREPRENEURIAL OREINTATION
Entrepreneurship is a key driver of our economy . Wealth and a high majority of jobs are
created by small businesses started by entrepreneurially minded individuals, many of whom
go on to create big businesses. People exposed to entrepreneurship frequently express that
they have more opportunity to exercise creative freedoms, higher self esteem, and an overall
greater sense of control over their own lives. As a result, many experienced business people
political leaders, economists, and educators believe that fostering a robust entrepreneurial
culture will maximize individual and collective economic and social success on a local,
national, and global scale. It is with this in mind that the National Standards for
Entrepreneurship Education were developed: to prepare youth and adults to succeed in an
entrepreneurial economy.
Benefits to Elementary Students
Increased attendance

Higher academic achievement

Standardized Tests

Pre & Post Tests

Portfolio

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Fewer discipline referrals

Increased sense of "locus of control"

Awareness of career and entrepreneurial options

Acquire basic economic understanding

Acquire basic financial concepts

Define entrepreneurs' contribution to society

Use opportunity recognition/ problem solving skills

Explore ethics issues

Consider steps in business startup

3. LITERATURE REVIEW :
L.P.Agarwal (2001) :- states that Vocatioal entrepreneurial programee has not succeeded to
the level as expected because the vocational courses introduced remain largely academic
oriented and unitrack because these courses could not find a popular support form students
and parents. The study states reasons that the unpopularity of vocational courses is brought
about by the in adequate facilities in vocational schools, stiff attitude of our universities to
keep the old academic and professional courses intact and non availability of suitable
employment opportunities to students of vocational courses because of undue importance
given to degrees. He stresses on the need to do away with the myth of superiority of
academic streams over that of the vocational ones and expresses the need to make the
vocational courses more popular and attractive.
A.K.Mishra (2000):- mentioned that the educational reforms in the third quarter of the
century have failed to touch the fundamental issues of bringing education closer to life and
work of people and creating an atmosphere of dignity towards education through work. He
points out that the mad rush for higher education is due to factors which may include lack of
employment opportunities after school education on one hand and the lack of employability
of the product on the other, obscuring and defying the cause and effect analysis. He points
out that the urgent need on the part of many states is to be wise to count and emulate the
gains of other states and at the same time learn form the errors committed by them.

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K.L.Dangi, and S.L.Intordia (2001):- studied entrepreneurship as a way to employment
generation among tribal and non tribal educated rural youth of southern Rajasthan, based on
empirical evidence suggests that entrepreneurship oriented courses like motor rewinding,
electricity wiring, clock and watch repair technology, repair and maintenance of radio and
T.V. receivers, garment making, embroidery, welding practices and knitting technology if
incorporated in the school level syllabus, they would help in eradicating the unemployment
problem among tribal and non- tribal educated youth. He is of the opinion that the problem of
unemployment cannot be resolved unless the educated youth are trained and involved in
entrepreneurship- oriented vocations. According to him more than 70% of the youth
population of India is predominantly agricultural and lives in rural areas.

NCERT (2000) :- stated that vocationalisation has not come all of a sudden, but is the result
of a gradual strengthening of the nexus between education and national development through
productivity. He claims that Vocational education is an attempt to cover the gap. He claims
that while ITI's and Polytechnics would cater generally to the organized industrial sector, the
thrust of the school programme should be is expected to be in sectors not covered by them
and potentially on the very much larger service sector. The success of the vocational courses,
is the desired linkage that comes through the guarantee of employment by organizations for
whom the pupils are being trained by the schools. As is well known, this is so far been a
missing link he states.

D.K.Vaid,(1996) :- discussed some of the main points discussed at the meeting which was
organized by a research team, PSSCIVE, Bhopal. The 28 main objective of conducting the
meeting was to assess and analyse the present status of VEP in the area of business and
commerce and to determine the line of action for further planning. Goa too had been
surveyed but no in depth survey was conducted. The report only mentions funds sanctioned
to Goa, number of schools offering vocational courses, no. of commerce courses offered in
Goa, enrollment of students and their results till the year 1994-95.
MHRD (1996) :- as part of the team for conducting the survey on VEP All India report, gives
a description of the study conducted. The study covered some of the talukas in Goa as well. It
suggests that the goal of VE would be better served if the scheme is placed under the
administrative jurisdiction of the Directorate of Technical Education and not under the

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Directorate of School education. He suggests that the scheme has to identify vocation `traits'
and thus be significantly different from the general streams and not subservient to it as it
exists today. It should have its own examination Board. Courses belonging to the group
'Business and trade' and 'Engineering and technology' were observed to be more popular
among current students but the pass outs had more scope for wage employment then self-
employment. Again, pass outs from other vocational groups may be having greater potential
for self employment, but it is an accepted fact that fresh pass outs always prefer to get
acquainted with the vagaries of the market situation for several years before venturing on to
organize their own enterprise.

MHRD & NCERT experts (1993) :- spoke on issues covered in National Seminars
conducted in 1989 and 1991 and also on a quick appraisal of the implementation of the VEP
in India in 1990 which included the state of Goa. It suggests that the Office of the
Development Commissioner (S SI) has 29 decided that unemployed youth who have
vocational training at plus +2 would be given preference under the scheme of Self-
employment for 1), Educated unemployed (SEEUY). As per this scheme it is possible for
students to get bank assistance for setting up SSI's. It also suggested that a proper assessment
should be made of the requirements for the services in various areas and for self-employment
opportunities in the rural areas. In particular, vocational courses may be designed for women
to enable them to find out opportunities for self-employment. It also suggests that the success
of the programme depends on the recognition of the certificates issued to the students after
they pass the course. It also suggests that the role of GFC teachers should be extended by
giving guidance to vocational students in self employment and in also placement by giving
the teachers rebate/ incentive for teaching the curriculum.

Mark Casson (2000) :- in his study on firms, markets, and networks, states that small
businesses account for 80% of all the construction spending and almost 70% of all the retail
and wholesale spending. More than 60 million of the 105 million working Americans are
directly employed by small business in USA. He states that in recent psychological studies of
people who start small business give the profile that, formal academic training has not been
very significant. He speaks of the increasing numbers of persons that are seeking the
practical knowledge of specialized courses. The study also states that the family background

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and culture seem to play important roles. The nineteenth century entrepreneur often rose
from an immigrant or poor rural background.
Palanivel & M.Sen Gupta (2001) :- explained the successful implementation of the VEP in
the State of Chandigarh from its inception. It 30 speaks of the overwhelming response of
students to the vocational .courses in terms of its enrollment. Also speaks of the exemplary
endeavors of the y. schools to set up industry linkage for practical training. He briefly makes
a mention of 68 success stories of vocational pass outs that have been absorbed in the same
organization after completion of the OJT. He claims that VEP in this state is just not a
testimony of the fact that the model suggested by NCERT is not just implement able but is
capable of achieving the stated objectives provided there is commitment on the part of the
State.

4. OBJECTIVE OF PRESENT STUDY:


1. To identify and apply the elements of entrepreneurship and to know the entrepreneurial
processes;
2. To Recognize the importance of entrepreneurship and identify the profile of
entrepreneurs and their role in economic growth;
3. To study the impact of professional courses over the entrepreneurial orientation.
To test the specified objectives following hypothesis is proposed to be measured:
1. H0: there is no significant impact of professional courses on entrepreneurial
orientation among students.
H1: there is significant impact of professional courses on entrepreneurial orientation
among students.
a. H0: there is no significant impact of management courses on entrepreneurial
orientation among students.
b. H0: there is no significant impact of technical courses such as B.Tech/Diploma on
entrepreneurial orientation among students.

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5. RESEARCH MEHTODOLOGY FOR PROPOSED RESEARCH
WORK

a) STATEMENT OF RESEARCH PROBLEM

To test the objective.

b) RESEARCH DESIGN
Exploratory and Descriptive , Exploratory Research is research conducted for a problem
that has not been clearly defined . Descriptive research is used to describe characteristics of
a population or phenomenon being studied. It does not answer questions about
how/when/why the characteristics occurred.

c) SAMPLING DESIGN
Data would be collected by using primary as well as secondary sources of information .

d) DATA COLLECTION STRATEGY


Data would be collected from a structured questionnaire and website and annual reports of
the company.
e) PLAANING OF ANALYSIS OF DATA
Various statistical test such as T test , ONE WAY and ANOVA would be used.

f) PLAN ABOUT TIME SCHEDULING OF RESEARCH

December : Review of literature and introduction part of study.


January : Review of literature, Questionnaire Development and Pilot Study.
February : Conduct the Survey and coding of Questionnaire data.
March : Analysis and Interpretation of Data.
April : Summarization of Data, Findings & Conclusion & finalization of
report.

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6. TENTATIVE CHAPTER SCHEME:

This dissertation will contain a total of five chapters. The dissertation will be structured so
that the information presented to the beneficiary (s) is arranged in a logical sequence. The
contents of the chapters are as follows:
Chapter 1 Introduction: This chapter is to give an introductory view on entrepreneurial
orientation how the professional courses create an impact over entrepreneurial study.

Chapter 2 Review of Literature: This chapter will review in detail the literature available
in the area of entrepreneurial orientation and also study how the entrepreneurial study impact
over the firm .

Chapter 3 Research Methodology: Different ways of carrying out a study and ways of
collecting information will be discussed in this chapter. The purpose of this chapter is to
make the reader understand the methodological choices made in the study.

Chapter 4 Data Analysis and Interpretation: This chapter will cover the finding of
factors like how the professional courses influence the entrepreneurial studies .

Chapter 5 Conclusions and Recommendations: This chapter will present the conclusions
drawn from the study, and give recommendations to how the professional courses plays an
major role behind the entrepreneurial orientation.

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