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    16 views22 pages

    Strategic Perspectives In5

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    sreeja kandula789
    EVS

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    ‘Me o> ‘UNIT © : NI STRATEGIC PERSPECTIVES IN ENTREPRENEURSHIP a SIA GRouP PART-A : SHORT QUESTIONS WITH SOLUTIONS fh. Wrte a note on “Confronting growin wal” Model Paper a Answer ¢ ‘Many of the entrepreneurs willing to enhance their managerial ability for dealing with growth ofthe venture and to build grorh vall by themselves. This growth wall i perceived to be high and restricts the commencement of prowth pro feuarchers have recognized a number of changes that challenge the growing firms involving sie increase, internal problems ‘fess requirements of resources etc. Enepreneurs need to concentrate on the below stats themes so as to enhance thet silies ‘wmanage growth. {Entrepreneurs should imagine and predict the firm/venture and a large entity {@ The team of employees required for Future proceeding need to be recruited and trained today (i) Reinforcement ofthe firm’s real vision need to be done continuously, [u) New big-company’s processes need to be launched as a supplement to the already existing approaches. (6) _ Prevailing hierarchy need to be shortened. @_ Ilustrate strategic positioning in entrepreneurship. Answer: Mosel Papers a1) Strategic positioning refers to perception of new positions in the market that aim at drawing the attention ofthe customers ‘omalready reputed products. The fundamental approaches to strategic positioning includes, Developing a defensive position, @ Leverage of resources for market dominance and {i Seeking opportunity for setting new markets, 3. Write a brief note on self help groups. Answer Mosel Papers, 16) SC Help Group (SHG) isan entrepreneurship scheme which helps poor people rural rast eam thee livelinood along ‘itpaticipation in development process. SHG isa small, economically homogeneous andkey group of ral tan poor, which | Amed volumarily to save ad contribute to fund which can be ent ois members based on sroup dessins. By oering ses | SBrtactve emerrises, SHG are helping women to increase hee income, SHG insolvent nse enploment sis | Silt group enreprencursip at the basic level. SHG activites to promote entrepreneurship ist set up mist clerpises sh iltdicrats, Desktop Publishing, Book manufacturing shops, ete. The other activities performed with funds are handlooms, farm, diary farming, gem cutting and polishing. RUM ALL-IN-ONE JOURNAL FOR ENGINEERING STUDENTS SIA GROUP —_ 8.2 ENTREPRENEURSHIP AND SMALL BUSINESS ENTERPRISES [JWIU-T1Y VENABAD Q4. "List out the steps involved in selling of a busine Answer + <5 Fae Selling of ab iness/venture involves eight steps. They are as follows, Preparations fin lanalysis, Segregation of assets, ‘Valuation of a company business [dentify the appropriate timing for offering business forsale. Publicize the offer to sel ize the prospective buyers Remain involved through the closing. ‘Communicate with buyers after the sale, QS. Whatis the purpose of business incubation in rural India? Answer : (atodet Papert O10) | May9.0% ‘The purpose of business incubation programmes ean be understood from following points, 1. To provide financial and technical services to create and progress young businesses 2. ‘To provide manufacturing and ofice space at below market rates to owners of startup businesses. 3. Business incubators in rural areas act as part of economic development strategies. 4. To provide physical and logistical and business consulting services. 5.__Tocencournge entrepreneurial culture and increase participation of indigenous entrepreneurs inthe national economy Q6. Brief on the role of technology in entrepreneurship growth. Answer: (@todot Papers, a1) | May. “Technology has grown its importance in our daily life. Most ofthe new entrepreneurs may not utilize technology tf extent to progress towards new heights, Following are the reasons which shows the role of technology in entrepreneurship. 1. Communication “Technology facilitates in efficient flow of information both internally and externally. It enables entrepreneurs to ga! feedback trom customers and also make modifications inthe product to satisfy the customers. 2. Research and Development Technology helps the business to research the market through secondary data It is Very useful because it provides in knowledge about markets to the business. With secondary esearch, by using technology business can cary out primary rst beside using online surveys and customer Feedback. 3. Web Based Advertising “Technology is very useful in advertising to millions of people around the world, Web based advertising includes wets and social media G7. Write a brief note on SEWA (Self Employment Women Association). Answer : Mode! Papers SEWA (Self Employment Women Associaton) ia trade union which is registred in 1972, Is for poo, sll women aorkers whose earnings ae based on thet own labour smal businesses, Women workers ae the unprotected las! © sere er noplected and their werk is uncounted and undercounted. SEWA aims at organizing workers to reach th P aan ye onloemnant and seletclinee, SEWA members are workers who depend on thet own labour for survival a! SS Haare mplayse-mploye clatonshp. THey are por an ilitrate bt economically ative in develope I a toyed women worker incls vendors, Hake, Home bsed workers, mami labours on! providers Look for the SIA GROUP LOGO {J on the TITLE COVER before you buy — Modal Payer, 010) sy WED (Wadhvani Cente for Entrepreneurship Development) 1 tuking SME growth nitive, conection of SML-SEZ, techology operate nitive nd SME- ces and people by connucting theme conference, startup forum, networking events and prosper ceting eas, practic reprencurship development fund and industrial plic wep? ip development fund and industrial policy enables in creating conducive ced and supported with the help of FDI, business labs an! ISH K-Fub 1 E, Portor? = kdntiiod by Mic . Model Paper, O10) sentiment a |}: Misconceptions about Industry Attractiveness gn 2: No Competitive Advantage [sion 3: Unatainale Expectations Yson 4 Comprising Strategy for Growth sms Lack of Cleat Communication with Employees Regarding Ventures Stacey \ Returns. on 6 : High Focus on Finan iat business valuation is required? Model Paperv a1) ng gift of stock to family members. attempt to buy out a partner. oping an employee stock option plan or profit sharing plan for employees. ining inheritance tax ability: public with the company or privately placing the stock a MAN-ONE JOURNAL FOR ENGINEERING STUDENTS ENTREPRENEURSHIP AND SMALL BUSINESS ENTERPRISES [JNTUHYDERAGAD _ PART-B ESSAY QUESTIONS WITH SOLUTIONS c "BAA sYRaTeoic GROWTH IN ENTREPRENEURSHIP G11. (2). Write anote on strategic growth in entrepreneurship (b)_ Whats strategic planning? Explain the process of strategie planning. fe oh Mode Paper. (@) Strategie Growth in Entrepreneurship Entrepreneur can have strategic growth through strategic planning. Every enttepreneur must do some kind 9 planning | suecession of venture usually itis informal and unsystematc. Based on nature, size and structure of the business ths regu of systematic planning changes. Small business can use informal planning wheres an emersing business with increas employees, size and market operations must have formal planning ‘ ‘There are some reasons for shifting an informal toa formal systematic tye of planning, Fitsts the extent of unceiin ‘which a venture is going through to become established and progress. Second is competitor’ stent, it reuites stent planning for monitoring operations and objectives of new venture more closely Finally, the experience possessed By eteprens ‘may decide the extent of formal planning, () Strategic Planning Strategic planning is a longterm plan developed to guide the ventue’s performance and to elfectivsly mans environmental opportunities and threats by considering is strengths and weaknesses. In other words itis action plan desizn facilitate the venture to achieve the desired performances by a careful analysis of opportunities, threats, strengths and weakne Strategic Planning Process Following are the steps involved in strategic planning process, -—il t—-@ i Figur: Strategie Planning Process Implemented at Business Unit Level Look for the SIA GROUP LOGO {J} on the TITLE COVER before you buy 5 syategic Perspectives in Entrepreneurship i 6 St iene open lie ma cn, bate msc egy “genic in cee im Bien ality eh feroke iste it busca and apt: Performing SWOT Analysis WOT analysis is conducted by the frm to evaluate strength, wcaknes, ppt ade ity ad treat of : é analysis is done to analyse the itera sng the em, When oreo td tre the’ em L o coat = ee ral environment inorder to determine he futur iss an rem opp, itd ated with akness and retun : i Analysis External Environment for the Identification of Opportunit and Threats xtemal evaluation involves the determination of all those factor whith are extinal wo the pportunities or impose threats 40 the organisation, Both macro and misto cnywnmenat Lee a a me optimally exploit the opportunities and to overcome threats. Market opportunity ana caypheany en eee varactiveness and probability of Success of the opportunity. : * opled in determining the f Internal Evaluation for Strengths and Weaknesses 1 of existing opportunities and for opposing the external threats of an envieuxtent - : ‘SWOT analysis is very effective and useful in marketing analysis and ste) Tomlin eps ini b 2 formulation. helps in demi which it is necessary to bring changes in a strategy, ed a= s: Formulation of Business Goals “The step ahead ofthe SWOT analysis involves the formulation of reliable and measurable oul forthe business. Such goals ad0 explain the objectives of business related to its marketing expenditure fora particular period of time. Achievement of {market share, profi, sales and level of reputation are some of the business goals. Formulation of Business Strategy long-term goal directed actions are usually referred to as a “strategy”. An appropriate strategy is selected by the strengths and goals formulated for the business unit. Goals indicate what isto be achieved whereas, stategy the courses of action taken to achieve these goals. ric tratepes forthe accomplishment of organisational ‘By following the cost Strategy, companies can grab + at lower eost than their competitors. However, by advantage over others. Ina Focus Strategy ims fous ecording 10 Michael Porter, Firms can follow theee different ger are cost strategy, differentiation strategy and the focus strateg ‘of market share by producing goods and by dl the producis and services, firms can gain a competitive the needs and satisfaction of specific group of customers ring se ‘Formulation of Programs comprehensive supporting programs. These rs must pepare a marketing Mer the business unit planning, the marketing manager needs te pep i When program i need t be Functional that are helpful inthe implementation of srsiseies M Eh involves cost estimates, allocation of budget and investments elated 0 3 specific vs ' d, it specifies the structures, responsibilities and role of every member of n organi 08 e ——=> SOP Sia GROUP ALLAN-ONE JOURNAL FOR ENGINEERING STUDENTS TL 5.6 ‘Step-#i Feedback and Controt The final step in strategic planning process isto assess land analyse the entire process at different points of time. Firm set standards and targets to evaluate the performance ance as per these standards. After ‘comparing, cor gop between the expected outcomes and actually achieved ‘outcomes. The feedback is useful for the determination of the market response towards the effectiveness of marketing, strategy. The entire planning process ean be controlled by several methods such as, eost control, performance control @12. What are the reasons behind lack of strategic planning? Explain the fatal visions in strategic planning, Answer: Reasons Behind Lack of Strategie Planning The five reasons behind the lack of strategie planning 1. Scarcity of Time Many of the entrepreneurs do not find enough time to Formulate strategic plans because of their busy day-to-day schedules 2 Inadequate Knowledge Most of the entrepreneurs neither have any indepth ‘knowledge about the planning process nor they understand the flow or sequence of planning process components. Many of them do not even know the sources of information that support formulation of planning process 3. Lack of Proficiency Usually, entrepreneurs have only general knowledge about the venture. They doesn’t possess any proficiency regarding the planning process and its components. 4. Lack of Trust ‘The participation of employees and extemal partes is essential for strategie planning. Entrepreneurs have @ weong belief that iavolving. either employees or external parties in planning process of decision-making is risky job. Due to this reason, entrepreneurs avoid strategic planning, Misperception about Costs Most of the entrepreneurs perceive that planning process is a costly affait. For this reason, they tend to stay away from strategic planning process. Beside above reasons, researchers identified some other difficulties or reasons which sopped entrepreneurs fom canying outset planing They are, (Lack of planning climate «“ ain Inexpet yeed managers and personnel Unsupporting economic conditions. ENTREPRENEURSHIP AND SMALL BUSINESS ENTERPR! ges [INTU-HYDERABAD, Teuplementation 4 sb major fa be impen ons Concerning Str ateX) one had ie rch eteprcneusdo Fatal Vi Michael EP explaining mistakes whic fa strategy, which are as fol Fatal Vision I: Misconceptions hes dustry Attractv Most of the potential enienreneirs, Mo sroeplion about the axractive indusies. TRY cP Set ‘oat growing. glamarous 100k attractive industries advanced technology. This does because attractive indus Tess products to be used a5 su competition. Fatal Vision 2: No Competitive Advantazs Most of the entrepreneurs. generally competition inthe marketplace adopt and copy @ SAAT are adopted by their competitors. They consider th Step as an easy and risk free strategy, but this does c. For achievini competitive advantage. For ; fBeme bave to develop unique product and services Fatal Vision 3: Unattainable Expectations When many entreprencurs start their new venture. the sim at attaining unrealistic position. Their busy schedul friemted around finding potential customers to their produc make them forget about sustaining a competitive advantage Fatal Vision 4: Compromising Strategy for Growth For new venture to be successful, there should be balance between growth and unigue compe In pursuit of fast growth, entrepreneurs usually leave ‘uniqueness behind which can thus result in reduced compete er preat mistake thal entzepr istries have high entry stitutes and face high degree o 3B competitive advaniag S: Lack of Clear Communication wit Employees Regarding V Every enirereneur has t0 be open and communis the venture stategy to employees so that employees bee the real contort the vents sucess Fatal Vion 6 High Focus on Financial Returns High concentration on fncia returns and ls mph on tes spect, dee fal to vents rot maximization Is the main part of the goals te consideration on other major and minor goals related 10 ps Droducts, processes ct, alo essen for ating se Always a balance has to be maintained between long-lerm a short-term goals, - Saree OEE 18. Discuss ndetail about iV about entrepreneurial sta matrix model. = ee Answer tures Strate Researchers Mathew C Soni ew CSonfield and Robert N.Ls#! proposed an ‘Entreprenes fearon novation. They develop BCG [Boston Casual strategy matrix’ of risk ani ped this matrix by taking the hs Ho ty Group] matrix utilized tor pon © model that benefits caning crea pss? by elin aceordingly. ‘analysis. This matrix is an effect the new entrepreneurs with no exp. i formulating thes Look for the SUA GROUP Loco performance and growth of EDs and EDPs a cans SIA GROUP. 5.16 26. Discuss in detal about, {@) The Wadhwani Contre for Entrepreneurship Development (WCED). ‘ {b) National Entrepreneurship Network (NEN). Answer t (a) Wadhvvani Centre for Entrepreneurship Development In 200}, Wadhwani Foundat’on established and funded WCED. Romesh Wadhwani was the founder, he was California ‘based entrepreneur, who belief that when standard of living of nation’s people is enhanced it increases econamic development. The vision of WCED was to grow India and other developing ‘countries through entrepreneurship. aims at growth of sustain= able and competitive enterprises with the help of innovative esearch, ou real and pilot initiatives, Objectives of WCED. 1. To encourage and educate individuals to take their primary career option as entrepreneurship. To develop entrepreneurship as a source to solve the ‘emerging economic, social and environmental issues of Ina. 3. To create a conducive ecosystem for pervasive entrepreneurship development, Unitatives by WEED. WCED can carry out its objectives through several Initiatives which includes, (Developing growth by taking SME growth initiative, connection of SME-SEZ, technology Upgrade initiative and SME revitalization, Connecting ideas, practices and people by ‘conducting theme conference, start up forum, networking events and prospera a (ii) Financial ‘institution alliances, entrepreneurship evelopment find and industrial policy enables in creating conducive ecosystem, (Gy) Entrepreneurial pursuits ae inspired and supported with the help of EDI, business labs and ISBK-Hub, By making research advance in areas like women entrepreneurship, entrepreneurial finance and Jnowledge, entrepreneurship and innovation ete National Entrepreneurship Network (NEN) In 2003, National Entrepreneurship Network was introduced with objective of creating and assisting high growth ceirspreneurs and develop jab creation and economie growth in India indicates India's largest and dynamic community for high growth entrepreneurs. It offer assistance to early stage ‘enireprencurs through education, access to mentors and experts, funding, learning tools and materials. © o NEN's model depends on partnership approach for ig 1982, Government of India under the protection rScience and Technology Developed NSTEDB 425 se asttioal mechanism to faciitate n promoting faven and technology intensive enterprises. The ea converting Job seckrs ito jb creator through Topco eco SSTEDE Te apee oF NSTEDB areas allo, tnd imran ven cies Tp provide information dissemination and develop Free chip and elf employment opportunites Toeate employment and at as policy advisory body {ode government agencies. f Te form network with various central and ’ 4} Thenkance knowiedge based i _ state overament agencies. [Asa part of the institutional mechanism various ‘srs were developed lke Innovation and Entrepreneurship Telopment Centre (IEDC), Science and Technology Inepeocarhip Development (STED) project, Seience Sl Tedrlogy Entrepreneurs Park (STEP) and Technology ‘es lube (TB. ENTREPRENEURS - FEATURES sé AND IMPORTANCE {& befne Women Entreprencurs. State the featiros | ttimpotance of women eniepreneurs. What the factors influencing women entrepreneurs? Mode Papel a0) Storr According 19 Kamal Singh, " , jngh, "A woman entrepreneur se confden, innovative and erentive woman ing ef ecoromie independence individually velops opportunities of employment for yiitating, establishing and operating the enterprise by 0 ai) 6 Pe with personal, family and social life” ‘entrepreneurs, Importance of Women Entreprene @28. Discuss the rol Answer by women has cont India, These busines the 1990s, the nur ‘Women owned technology to created isnevessary to set upstate cf women entreprencrs 281 commen. gk Se anor U AUAR-OME JOGRNAL FOR ENGINEERING SiuDET!- Following are so 'me Of the features of won, Women can become Frat a Some cmtEpENC easy i dey hve ‘Women prefer to diversify through specialization. Women prefer minimiz stabilization, fon of tisk and income Most of the wor ofthe women entrepreneurs are martied wore Most of the low income grou oa ofits P women become ‘Women entrepreneurs f face many gender discrimination at every stage of business development ‘Women entrepreneurs are-secuity See ity oriented inctead of Working capitals timited and profit margins at low f ‘women entrepreneurs ~ meurs can be ‘The importance of women entropr ‘understood from following points, ‘Women are providing employment to themseives in unorganized sector and to others. ‘Women participations required for rising women sais in society. Factors Influencing Women Entrepreneurs “The major faciors influencing women entrerencis are 2 follows, 1. Motivation 2. Greater freedoms and mobility 3. Confidence 4, © Bqual status in society. Development of risk taking ability Economic independence and achievement of excellence le of women entrepreneurs in India. Development of worsen entrepreneurs and fs et Tributed tothe evonomy 10 sat ire wl progress much nthe rue Duns Ter of women entrepreneurs Ms ris ing capital by wsing modem tic and expt enterprises ae sek niche in dome’ js to support rey have potential nd sustain thee 1 ann capable eats Many surveys revealed that basically women entrepreneurial activity emphasize on small and medium cchiceprise sector. Involvement of women is minimum in production sector .ir\cad they work in trade and services sectors. !tis observed that most of the women contribute to their family business in form of unpaid efforts and skills, Women entrepreneur development programmes can gain success provided women lunderstands the familial and social conditioning which reduces mobility, confidence and independence of women. Change in tudes is required for programmes which encourage ‘women entrepreneurship. Apart from subsidies and eredit allocation, women entrepreneur development programmes ‘must provide managerial and technical skills training and Support services. Besides training, women-owned business face constraints relating to finance and other facilites. Funds are noi available for primary activities as Bank and Money lenders are uunyviing to lend money due to risk and high operational costs, Hence, many schemes were introduced which provide assistance ing activities such as IRDP, PMRY and SIDBI. for Marketing is anothér in which women face many problems. Marketing involves mobility and confidence for dealing with external world, both are discouraged in women by social conditioning. Many short term arrangements were made by women's organization, associations and NGOS like mobile marketing vans, setting up of marketing outlets, exhibitions et. However, long term strategy must be to teach marketing skils to |women entteprencurs. Products made by women entrepreneurs require professional marketing expertise to recognize marketing channels Centre for Women's Development Studies (CWDS) show that though participation of women is increasing but their cconirol over resources and status is not inereasing, The UNDP also started a project named Science and Technology Applied for Rural Transformation (START) which is functioning through network of technology development centres and resources centres. Q29, Discuss developmentofwomenentrepreneurship in India. Answer Development of women entrepreneurship can be under- \5od in three different sphere i.e. 1. Micro Sphere tn most of the South Asian Countries, women face jes in many aspects compare to men. pccecsiveness and dominance of male weakness the household anpaining power of women. Gender relations also identifies the attribution to men and women of different -abili unequal power and inequal persot factors show attitudes, behaviours, personality traits, ete. These ca in women entreprencurship development. great significancs : ENTREPRENEURSHIP AND SMALL BUSINESS ENTERPRISES [JNTU-HYDERABAD} ‘Most ofthe organizations are based on patrilineal and paralega relationships so they are against women and their economic empowerment. Women are always engaged in houschold work and childcare so they are restricted to operate in business, j, is one of the strong reason for disempowerment of women entrepreneurship. The consequences of gender differences can be seen in all spheres. It is mostly reflected in small and cottage industries and at micto level 2. Meso Sphere Many organizations are providing support services to entrepreneurs but these organizations become barriers while providing support to women entrepreneurs because of many Feasons. It may be due to lack of awareness about women ‘nd insensitivity towards gender issues. At meso level, it is observed that organizations which implement policies and programines but does not support women entrepreneurs are the main cause of disempowerment. State government can issue ‘gender progressive laws and policies, but restrictions from bureaucracy, judiciary and official organizations may obstruct, the implementation of these measures, 3. Macro Sphere’ The macro sphere in which women entrepreneurs progress includes interconnecting structures and dynamics, laws and regulations, economy, international trade. Macro environment influence all enterprises both large and small which are operated by women and men. It is observed that, there are more disadvantages for women compare to men in respect of opportunities and barriers emerging from structures and dynamics. tis because of ability of women to bargain in labour market Q30. Explain the major problems faced by women entrepreneurs. Answer + Model PapbesV, Ott) The major problems/barriers faced by women entrepreneurs are, 1. Finanee Problem ‘ Irrespective of the organization's size finance acts as the “life-blood” of the organi ‘Women entrepreneurs face the problem of finance more acutely than men because of two reasons. Firstly, as women do not hold much propery ‘and wealth in their name they cannot take loan from exter! sources due to absence of collateral security. Secondly, wome are regarded as less credit worthy because itis mostly believed that women often teave their business for the sake of thei family. 2 Non-avallability of Raw Materials ‘The most common difficulty forany womenentreprenes is the scarcity and norravailabilty of resources especially © raw materials. They are often faced with the problem of bigh prices of raw materials on one hand and purchasing thet 3t discount on the other hand, The finest example is that of he ‘women co-operatives in 1971 who were engaged in basket ‘making, failed due o the shortage of raw material. Look for the SIA GROUP .0GO GB on the TITLE COVER botore you buy 4 ba Maby : nome x any women bas ited mobility than ety sera sl Ss ad ether Fess FE rage wee kings rated mom 8 eked op Fe es Bente ts dacoragement, te aliating ree ctl rte ads spice the ay: { Faniy Amachmess hes tre wel said tat, “if woman is educated im a fe whole faily gets educated”. Woman has got Focres! ie w play in the fay han man as he plays Fee mie Women s generally asociated and linked get pase co household activities such as taking care of aii ste family members and so co. Burdened Germany mpreslines, women euzeprencar may net be feemscerat well on he business acuvities Support and mene te spose ac a8 the pre-Fequsite condition for (teary the bese Ifthe spouse s well educated Bi gene mau ten it would be encourzving and ‘Siam br be women 0 et into the busines oteryise {Law Edecatinsl Qualification | Sa pocest of women in India ie arcund 3/Sh are ee The et case for any socio-economic problem ‘Woncn a not aware of the latest techaology, Seniors and bomen due w lack of quleane (SS Oy 0 percent are educated and out ofthat most of SeEESs sete eden. The achievement and cabo low in women | ceoureprezeurs de to Mie Dominated Society Be = li he developing sages wherein the old and customs rule the world. Consequently, male o™ co) « oo | ST stmarrcirs vo ove.or women ENTREPRENEURS G31. Discuss the various strategies to develop ‘women entrepreneurs. Answer Mel Prorat tt Women face many difficult m blancs High cost of production Lower levels of achievemest Low motivational eves (Other socio-economic problems Se Soo —— Sooners: wire ee $e eee —— Sen pelea ———— = oe Se Sooo ene merece es tre sa pao ee eee eee Goreme or a Memce ee technology, to effectively run their business. @ 5.20 5.8 INSTITUTIONS SUPPORTING WOMEN ENTREPRENEURSHIP IN INDIA Q32. List out tho institutions supporting women entreprencur in Indla. Discuss abot Consortium 01 Women Entrepreneurs of India (CWEl), Federation of Indian Women Entreprenours (FIWE) and Federation of Ladies ‘Organization (FLO). Answer: Mode! Papeett a70(0) Institutions Supporting Women Entreprefieurship in India Some of the institutions supporting women entrepreneurship in India are, 1. Consortium of Women Entrepreneurs of India (CWE). 2, Federation of Indian Women Entrepreneurs (FIWE). 3, Federation of Ladies Organization (FLO). 4. Woonen’s India Trust (WIT). 5. National Sank for Agriculture and Rural Development ¢NABARD). 6 Development of Women and Children in Rural Areas (DWCRA). 7.+ Small Industries Development Bank of India (SIDBI), 8. Association of Women Entrepreneurs of Karnataka (AWAKE), 9. SEWA (Self Employment Women Association), 10. Central Bank of India Credit Schemes. Consortium of Woraea Entrepreneurs of India (CWED, The Consortium of Women Er initiated in 2001 when there was a need for upgradation of technology Itoffers a common platform to women entrepreneurs by helping them to recognize innovative techniques of finance, production and marketing, CWEI includes self-help groups, NGOs, institutions, voluntary organizations and individual enterprises. They provide assistance collectively and avail benefits fromthe activities caried out by consortium. CWEL also involves in integrated activity elated to manpower taining and product development. In order to have marketing and exports, CWET acts as an intermediary between Indian entrepreneurs and overseas agencies. veneurs of India was Federation of Indian Women Entrepreneurs (FIWE) At the 4% International Conference of Women Entrepreneurs the decision of starting FIWE was taken which mainly operates 0 establish networking and offer package of services to women entrepreneur's associations in India, Individual women entrepreneurs are eligible to get the general membership of FIWE, The main objectives of FIWE are, ENTREPRENEURSHIP AND SMALL BUSINESS ENTERPRISES (JNTU-HYDERAGAD) ‘To offer raining relating to export marketing and management, quality contol etc @ (b) To facilitate participation in international and regional faies, seminars, exhibitions ete. (©) Tosetup an enterprise which maintains network within the country and abroad. (a) Toimprove the access of term loans and working capita (©) Toprovide access to latest technologies, know how and help in expansion, Federation of Ladies Organization (FLO) FLO is a women’s wing of FICCI, which was set up in 1983 with the aim of women empowerment’ al national evel forum for women. The main objestive of FLO is to enkiance cenirepreneurship and professional excellence in women. FLO facilitates women to become aware of theirstrengthsby providing them educational and vocational taining programmes, seminars and workshops on different subjects such as IT, insurance taxation, mutual funds, accountancy, ete. FLO operates at three levels. Basic level conducts entrepreneur development programmes for 2eto of low income level women. Middle level “organize seminars and workshops for women who are engaged in small scale businesses, Senior level of FLO deals with advanced progrimmes for women i 33._ Write briefly abou (a) Women's india Trust (WIT). (b) Contral Bank of India Credit Schemes. ing and finance areas. () NABARD. Answer: (2) Women’s India Trust (WIT) Women’s India Trust was establised by Kamila Tyab, in 1968. It has progressed gradually and started exporting UK, Europe, Australia and Germany. Beside financially, man ‘women were benefited in improving ther levels of self-reisne: selfconfidence aid self-assurance. Training and employme: ‘opportunities was offered by WIT to needy and unskilled won. who fives in and around Mumbai. It has offered many cours: Uke nursing, kindergarten training and sewing which enablc these women to open their own shops throughout India, () Central Bank of India Credit Schemes Cent Kalyani w4s a central bank which was main introduced to provide nancial assistance to woman entreprenct to progress in industry, business or profession, It offers cre facilites to women entrepreneurs who are engaged in ret trade, agriculture and allied activities, small business, s¢ ‘employment, profession, small scale industries and village tiny industries. All details relating to terms and conditions above facilites under cent Kalyani areas specified in respect schemes, Look for the SIA GROUP LOGO {5 on the TITLE COVER before you buy focus on eliminating the credit barriers,of roester women as risk fee, enhance women self TBenify suitable economic activites for women, two wore and link tern with banking system. fas invedved many schemes specially for women sand MAHIMA and also support to set up "Women Cell" by RRBs. ARWIND offers credit and grant Pages MAHIMA sto createa pro-women market ‘ergy giving rei {31 Explain about DIYCRA, SIDBI and SEW/ on I ve ec we pectyac at Model Paper, 4110) =? [DNCRA (Development of Women and Children in Rural et) intsted in 1982-83, with the aim to provide self ‘singe opportunites to rural women for income generation cxssimble bass. ‘Te Government of India has implemented several epsastspecially for children living in slums, street children, ‘cual ind abandoned children, children affected by natural say swell as the neglected kids. Some of the programs ste Inept Progra for Sret Children 5 hie Services J Irene Basie Progra lexgred Child Protection Scheme. sera Progra for Juvenile Justice. BN ics cornices ait BI crise sconce cathe svc ‘have been identified that hinder the process, ss cc vod or tomes steep omen and childiéM constitute about 1wo~ tion, maximmughefforts should be in development of rected Bank of India) mmplete SSI (Sinall Scale te schemes such as expansion, fand rehabilitation of existing ific schemes offered by SIDBI. theie economic condit was based on are volunterism, transparency, com earning and sharing from others, personal growth enhanceme budgeting following four modules. MVN is a well managed NGO (Non Government Organization) which maintains good relations with financia| institutions tis mainly designed furs for economic development ‘of women by offering them employment opportunities and avenues for taining 2, Mahila Uahyam Nidhi It is.a scheme for women entrepreneurs to start new projects in tiny and small scale sector. I provides rehabilitation to viable sick SSI units. Itremoves the zap in equity and operates through SEC's. tis suitable for projects whose costs does not exceed 810 lakhs. SEWA SEWA (Self Emplayment Women Association) isa trade union which is registered in 1972 It is for poor, setemployed ‘women workers whose earnings are based on their own labour small businesses. Women workers are the unprotected labour force who ae often neglected and their work is uncounted and lundercounted. SEWA aims at organizing workers to reach their ‘goals of full employment and self-reliance. SEWA merobers are ‘workers who depend on their own labour for survival and does rot have any fixed employee-employer relationship. They are poor and illiterate but economically active in development of ~ society and economy. Sel{ employed woinen workers includes ‘vendors, Hawkers, Home based workers, manual labourers and service providers. Q35. Discuss in detail about AWAKE. Answer = Model Paper, 01040) ‘Association of Womien Entrepreneurs of Kamotaka (AWAKE) vas stated in 1983 and got eeogiition around the worl. It is an association of wonnen's Work! Banking and premier institution of India which is completely focussed towards enireprencurship development. The vision of AWAKE. \was to develop suitable membership programmes, to influence policy makers o participate and work as team aud to provide ‘need based quality programmes (0 ils custonsers ‘The mission of AWAKE is explained as "empowering \wowen through entrepreneusship development to improve |The values on which AWAKE mitment participatory envitonment, and mtegrity in programa The activities of AWAKE. can be executed sith the (NGL FOR ENGINEERING STUDENTS aia erour 5.22 ENTREPRENEURSHIP AND SMALL BUSINESS ENTERPRISES [JNTU-HYDERABAD Stimulus _Ieinvolves Business Counseling and Entrepreneurship awareness programme. Busines counseling js sae IAS enn takeh for AWAKE which encourage women fo approach AWAKE for support Awareness programmes conducted by AWAKI _make its clients to know about its offers and encourage them to start entrepreneurship. 2 Start Up After every awareness programme AWAKE conducts general Entreprencurship Development Programmes then it als conducts need based skill development programmes in particular sectors such as food, pottery handicrafts, ete, AWAKE gives th credit for success ofits EDPs to its holistic approach in including developmental agencies in its taining programmes. Busines incubator of AWAKE supports woen owned enterprises development in food processing. 3. Sustenance Product shows, exhibitions and sale of products of AWAKE members was organized by its marketing centre at ‘subsidized cost. These exhibitions and sales were usually organized at attractive and accessible locations on local festival AWAKE also carry out management development programme which aims at improving sills of entrepreneurs and upgradatic ‘of technology to support the progress of their enterprise 4 Support : [AWAKE started Membership Services Programme to support the needs of its members. Even Research and Resour ‘Center was setup to document ll its activities. Thee is a computerised data bank which involves technologies. project profi information on business startup, reports, ete. AWAKE also provide credit referral serv is less than & 25,000 per annum. es to women entrepreneurs whose incor 36. Examine the role of women entrepreneurs in the development of indian enterprises. State the institutio: supporting rural women entrepreneurs in India. Answer = (Model Papert G10) May 38,0 Role of Women Entrepreneurs For answer refer Unit-V, Q28. Institutions Supporting Rural Women Entrepreneurs Some of the institutions supporting women entrepeneiship n India are, 1. Consortiurn of Women Entrepreneurs of India (WED, Federation of Indian Women Entrepreneurs (FIWE). 3, Federation of Ladies Organization (FLO). 4. Women’s India Trust (WIT). 5.» National Bank for Agriculture and Rural Development (NABARD). 6. Development of Women and Children in Rural Areas (DWCRA), 7. Small industries Development Bank of India (SIDBN, 8. Association of Women Entrepreneurs of Kamataka (AWAKE) 9, SEWA (Self Employment Women Association) 10. Central Bank of India Credit Schemes. Look for the SIA GROUP LOGO

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