CO il Managem Conferences: In conferences, there can be a good amount g S, where outsiders and experts are often invited 4 case, group discussion and meeting 1us issues and to provide solutions various problems. The conference acts a group interaction ang exchange of views and ideas. Itreshapes thinking and attitudes of the p, 6. Reading, Television and Video Instructions: Planned reading of relevant and current business literature is one of the bet methods of entrepreneurial training. It is essentially a self. development programme. An entrepreneur may be provided | __ With alist of valuable books and relevant articles from training tes. Now-a-days, there are television programmes that feature towards entrepreneurial development. Also, video tapes are available, whereby important business discussion, debates and talks can be viewed and listened. Seminars and Workshops: Entrepreneurs can participate in seminars and workshops to gain knowledge. In seminars, experts make presentations on latest developments or certain issues relating to business and society. In workshops, thereisa good interaction between the participants and the experts Participants can learn from the experience of the experts, which in turn can help them in entrepreneurial decision-making Group Discussion: Group discussion is an important technique for clarifications on various issues. It can also help to generale leas or help to deal with certain problems or situations ners can undertake brainstorming sessions, nominal group discussions, brainwriting sessions, etc. The main objective of EDPs to enable the trainees to start their own enterpri ig Programme. Te duration of the training, programme is usually six weeks. It consis of the following components: ucassification of Entrepreneurs 6 yea ral Introduction to Entrepreneurship: The trainees are 1 oeviged with the general introduction to entrepreneurship. It mudes the factors such as: + Qual «Role of entrepreneurs of entrepreneurs ¢ Theories of entrepreneurship 5 provided to entrepreneurs, etc. 2. Motivation Training: This is an important input or component ofentrepreneurship training. It aims at inducing and increasing -vement among the participants or trainees. Inorder to motivate the trainees, successful entrepreneurs share their experiences with the trainees. This helps the trainees to «Develop self-confidence «Develop positive attitude. 4. Support System and Procedure: The training programm. enables the trainees to know the various aspects of support systems to the entrepreneur. The trainees get answer to questions like: © Which institutions and agencies provide support to the entrepreneurs ? © What are the facilities and incent institutions and agencies ? ‘inancial © What is the procedure to apply to the Financial institutions ? Fundamentals of Project Feasibility S' < component, the trainee learns to prepare Project © Feasibility report for certain products. The trainees with gui alysis of— 4 ancial aspects © Organisational aspects Plant ts: The training programme also arranges for plan to fami ise the trainees with real business situation, lp the trainees to get better knowledge of : © Quality Issues © Inventory Control © Production processes Technology upgradation are required to . Good amount of Human Behaviour: Knowled entrepreneurs, manag organisation. Human sl ige of human skills is a must for and anyone working in an are also known as interpersonal lerstand feelings, emotions, and reneurs need to have human skill ract with employees and external skills. Human skills help to undi expectations of others. Entre because they have to inte must have curriculum that For instance, there must be topics interpersonal behaviour, ete. veryone should have good Communication skills help sei through verbal and non verbal mn skil enable the entrepreneut to overcome communication ba ‘uch as personal, physical and semantic barriers. Therefore, the course material trast hav® elements of corporate communication, (BMS: SEM yes ud Classifica 9 principles and Functions of Management: EDPs course contain {contain topics relating, to principles and functions of vranagemen Entrepreneurs must have a good idea of the spagement principles such as: Division of work © Unity of Command © Unity of Direction, ete. terprises must also have a good knowledge of the ns of management such as planning, organizing, directing and controlling. Leadership Skills: Entrepreneurs must develop leadership skills. Therefore, the course content must have topics relating toleadership styles, leadership theories, such as: * Managerial Grid Theory by Robert Blake and Jane Mouton * Leadership Continuum Theory by Robert Tannenbaum and Warren Schmidt Contingency Theory by Fred Fiedler, and so on. + Legal Formalities: Entrepreneurs must have a good knowledge of legal formalities. Therefore, knowledge of Govt. rules and regulations must be a part of the course curriculum. The Sitepreneurs must have a good knowledge of the following Indian Partnership Act 1932 Factories Act, 1948, Indian Companies Act 1956. Foreign Exchange Management Act, 1999 Competition Act, 2002, ete.leas are to develop new products and services. They are also ae to deal with complex problems or herefore course content must contain various exercises that can help generate new ideas, Emphasis may be placed on varioy, techniques to generate new ideas. ‘The success of EDP is affected by a number of factors:. The following are the factors influencing EDP: 4 Selection of Trainers/Faculty: EDP must be Objectives of EDP: There are several Entrepreneurship Development Institutions that conduct EDP for namesake. The objectives of EDP may be ambiguous. EDPs should be designed with clear, well-defined and specific ives. Setting of clear objectives facilitates good structure and content of EDP. Methods of EDP: The efficiency and effectiveness of the EDP is determined by its methodology. The trainer/ facult conducting EDP may adopt methods, such as case study, conference, role play, etc. The methods used at EDP depend upon: © Contents and curriculum of EDP © Duration of EDP x © Nature of trainees/ participants, ete Selection of Trainees: Right trainees should be selected for conducting EDP successfully. Entrepreneurship Develop ‘ed, experienced and matured pe pert trainers command ” attention from the participants. The training should imparted with a balanced approach between theory he practice. If there is non-availability of exper trainer, the Prrepreneurship Development Institutions must invite Eompetent and specialized external faculty. The trainer must pe ready to conduct EDP whether in urban area or rural area, wihether in developed region or in backward region, Content and Curriculum of EDP: In broad sense, the course Content and curriculum should be standard and uniform. The Success of EDP requires inter-institutional organizational arrangement. While designing the content and curriculum, the training institutions should consider the following: «Regional vari «Programme consistency «Focus of the programme, ete. ing inst infrastructure, such as Boarding and lodging f © Seminar and conference rooms © Good guest speakers, etc Support from Stakeholders: EDPs should be considered entrepreneurial i conducive seriously inorder to develop a a ceed culture, The programme should be suppor stakeholders, sucl ‘© Entrepreneurship Development Ins © Government author © Business organizati Follow have follow up a can be periodi98 Business Pla lefined for EDP have been achieved in Practicg, Ww up sessions may be for 2-4 days, ‘The Government has set up various centers or institutes to impay training and development to entrepreneurs, so as to improve their knowledge, attitudes, and skills. Some of the various institutes are briefly explained as follows: 1. National Institute for Entrepreneurship and Small Business Development (NIESBUD) : The NIESBUD, located a Ahmedabad (Gujarat) was set up in 1983 as an apex institution in the field of entrepreneurship development to promote, support and sustain entrepreneurship and small business through training, education, research and consultancy services ‘The major activities of the Institute include: Developing model syllabus for training various target groups, providing effective training strategies, methodology, manuals and tools, Facilitating and supporting Central/State Governments and other agencies in executing programmes of entrepreneurship and small business development; Conducting programmes for motivators, trainers and entrepreneurs, which are commonly not undertaken by other agencies. © The Institute also helps other Entrepreneurship Development Institutions in various ways, such a developing syllabi in entrepreneurship for different target groups, training of faculty and developing training aids. 2 Small Industries Development Organisation (IDO): SIDO was established in 1954, as the nodal development agency for small industries. It functions under the Ministry of Small Industries sification of Entrepreneurs tyes lt 99 rovides support in the areas of cre oo and infrastructure to small industries, poe economic information services and advises government in palicy formulation for the promotion and development of small Pijustries. It provides the following facilities to small industries: Quality control and testing «Training for entrepreneurship development ‘Preparation of project and product profiles Technical and managerial consultancy Assistance for exports «Pollution and energy audits, etc. Entrepreneurship Development Institute of India (EDII): ‘The Entrepreneurship Development Institute of India (EDI), an autonomous and not-for-profit institute, set up in 1983, is sponsored by the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and State Bank of India (SBI). The government of Gujarat pledged twenty-three acres of land on which stands the EDI campus. EDI has helped set up twelve state-level exclusive entrepreneurship development centres and institutes. The University Grants Commission appointed the EDI as an expert agency to develop a curriculum on Entrepreneurship. Inthe international arena, the development of entrepreneurship by sharing resources and organizing training programmes, have helped the EDI earn support from the World Bank, Commonwealth Secretariat, UNIDO, ILO, British Council, Ford Foundation, European Union and other agencies. ‘The Institute has carried out the task assigned by th of External Affairs (India), to st Es Development Centres in Cambodia, 7 The Institute is working towards creating ED Centres in Uebekistan and Kazakhstan ii ee) Business Planning and Entre EDI is committed to entrepreneurship educati research. It strives to provide: © Innovative training techniques © Competent faculty support © Consultancy services © Quality teaching and training material National Small Industries Corporation (NSIC) : NSIC is an TSO 9001 : 2000 certified company, established in 1955. It has been working to promote the growth of smalll scale industries and industry-related small scale services in the country. The main activities of NSIC include : ‘Promoting modernisation © Upgradation of technology © Developing quality consciousness e Strengthening linkages with large and medium scale enterprises. «Enhancing export-projects and products from small scale enterprises. © Providing technical services by way of tra development in the areas of machine tools, design and testing, rural technology and computer applications, et Small Industries Service Institutes (S1SIs) : The SISIs are the field offices of SIDO, set up in the early 1950s. This Institute provides support/services to the State Government as well co-ordinates various a e state level for promotion and development of small scale industries. There is a network ‘of 29 SISIs in each of the states to carry out various functions The Institute provides services in the following areas: Technical Consultancy Industrial Management Training 101 inirepreneurial Development Programme Marketing Assistance Export Promotion Marketing Modernisation Exhibitions and Demonstrations « Assistance to rehabilitate sick units 4 Assistance to District Industries Centre (DIC), State Government and various developmental agencies in the state. National Institute of Micro, Small and Medium Enterprises (MEMSME): In 1960, Central Institute of Small Industry Extension Training (CISIET) came into being at New Delhi. The primary role of the Institute was to promote small enterprises. ‘Thus, to perform its role effectively, the Institute was shifted to Hyderabad in 1962, and was registered as an autonomous society under the Public Societies Registration Act and was renamed as the Small Industry Extension Training (SIET) Institute In 1984, SIET Institute was accorded national status and it became NISIET. In April 2007, it became MI-MSME. NEMSME is a pioneer institute in enterprise promotion. It is an organisation of the Ministry of MSMEs, Government of India. The following are the main activities of NI-MSME: * Conducting programme on Enterprise Development and Government Effectiveness (EDGE). * Intregating long-term and diploma programmes for entrepreneurs. * Training new comers in Information Technology * Arranging conferences, seminars, workshops, et:et 102 Business Planning and Entrepreneurial Management (BMS; Seige, © Conducting programme evaluation. © Encouraging research publications. 7. Centre for Entrepreneurship Education and Developmey (CEED): CEED was launched in December, 1995, 15 2 innovation centre that assist governments, organisations zi communities in helping people to achieve their potent through entrepreneurship. ‘The services of CEED include : Technical assistance Entrepreneurship consulting © Entrepreneurship training courses © Micro-finance systems * Resource publications, etc. 8. District Industries Centres (DICs) : The DICs scheme wa started on May 8, 1978 wi iew to provide integrated administrative framework at the district level for promotiond small - sca lustries in rural areas. The DICs provide services and support to small entrepreneurs under a single roof. ‘They perform the following main functions: © Conducts training programmes, © Conducts industrial potential surveys . © Guides entrepreneurs in matters relating to machines and ‘equipments, raw materials, etc. © Evaluates the proposals received from entrepreneurs. © Assists entrepreneurs in marketing their products. Assists export promotion of products, © — Undertakes product development for small industries. sad Classification of Entrepreneurs ie ie Ancillarisation ———— initi i the core ication was initiated by the government in all 1 Ancatmely, manufacturing, equipment for defence, railways, pas munication, petroleum, and various other engineering and sing industries. An ancillary unit is defined as an industrial Pvertaking having investment .d assets, in plant and mhinery whether held on ownership or on hire purchase not ‘exceeding < 100 crore. An ancillary industrial undertaking, engaged or proposed to be gaged, needs to comply the following requirements: + Manufacture or production of parts, components, sub- assemblies, tooling or intermediaries Rendering of services + Undertaking supplies 4 + Rendering not less than 50% of its production or services, the case may be, to one or more other industrial undertaking, * Investment in fixed assets in plant and machinery, wheter held ‘on ownership terms or on lease or on hire purschase, exceed 7 100 crore Role of Ancillarisation: Ancilarisation plays an important role in the economic and social development of the nation, 1. Economic Growth : Ancillarisation facilitate ccanamic grow in the country. Economic growth relates to the incaien® © Rational income. National income increases when thet! ® Btowth in various sectors of an economy, i.e ABT industry and services sector. aAncillarisation help to promote industry's products in agro-based ones. The service sector also gets a boost due performance of industry and agriculture. The growth is sectors results in economic growth of a nation. cluding, Logo inall ty Employment: Ancillarisation is responsible for direct anj indirect employmen © The direct employment in ancillarisation increases account of the growth of ancillarisation. The growth o business results in increase in demand for labour, The indirect employment increases in the varioys supporting sectors such as banking, insurance, telecom transport, etc. Regional Development: Ani ion help to bring about regional development. Ancillarisation set up industries in backward areas as well, may be due to government incentives for setting up of industries in backward areas, and/or to take advantage of local conditions in backward areas. As a result this, there is balanced regional development. For instance, at the time of independence, a few states were industrially developed such as Maharashtra, and West Bengal. Now a number of states are industrially developed due to the initiatives taken by the government and ancillarisation to se up industries in backward areas. Revenue to the Government: Ancillarisation generates revenue to the government in the form of taxes and duties. The government imposes direct taxes such as corporate tax, capital gains tax, and also indirect taxes such as excise duties, customs duties, service tax, etc. A large part of government revenue is contributed by way of direct and indirect taxes and duties. The government can also ‘generate revenue by way of profits earned by public sector units The government can utilize such revenue for various development activities such as development of railways roadways, irrigation, rural development, etc., and also on nol” let 105 19 opment acti sinstation cture Development: Ancillarisation is resp astrucure development. Ancillarisation participate in igure development projects such as construction of ie irrigation projects, power generation, etc. Nowadays, rratress firms develop infrastructure through public-private parrership (PPP) projects. 5. Inft infrastt infrastru Business Process Outsourcing (BPO) i .ess Outsourcing (BPO) is a contract whereby a firm me eaieters its processes along with the associated (culstional activities and responsibilities to a third party (BPO 4 ‘e BPO firm provides the required services for an agreed eeideration to the outsourcing firm. are utilised include retail banking, ry, automobiles, telecom, pharma, ‘he areas where BPO sei insurance, travel and hospi finance, accounting and HR. Trditionally, BPO is undertaken by manufacturing firms. For instance Coca Cola, where almost the entire supply chain cutsourced and the company is essentially becoming a marketing organization. However, nowadays, BPO firms are increasingly setting contracts from the service oriented firms. BPO services are often divided into two categories: * Back Office Outsourcing, which includes internal business functions such as billing or purchasing. * Front Office Outsourcing, which includes customer-related services such as marketing or tech support. Theendless opportunites that IT provides, stimulates (cros-borse) RO activities. BPO, that is contracted outside company ‘ountry is sometimes called offshore outsour “mtracted to a company’s neighboring country is sometimes ca "r-shore outsourcing.Knowledge Process O sourcing (KPO) and Legal Prog, Outsourcing (LPO) are the two main subsets (Parts) of Busing, Process Outsourcing. Advantages of BPO & Focus on Core Activities: Outsourcing enables a busines. " - ved from performing non-core activities. For instance, noncon activities such as canteen services in a large industry ay outsourced, rather than the company employees looking afte canteen services. The key employees can focus on core value activities such a customer relationships, product development and other activities that lead to operational excellence. Focusing on core activities may enable a firm to gain competitive advantage in the market. Reduction in Operational Costs: Outsourcing may enable a firm to reduce its operational expenses. For instance, a company may pay lower amount to the third party to provide certain services than if the activities are undertaken with in-house employees. For instance, the security services can be outsourced at lower costs rather than employing a firm’s own workforce for security purposes. Lower Investments: Outsourcing enables a firm to reduce the fixed capital investments. The investment for office space ot premises required for certain services which are outsourced done by the third party. For instance, in case of Business Process Outsourcing (BPO), the premises are owned by the BPO owner. Therefore, the outsourcing firm need not invest in certain fixed assets, which reduces the need for higher investment. Facilitates Quick Delivery: In certain firms, the production of certain items is outsourced. The third party that produces 0" behalf of the firm would make every possible effort to product on time. Therefore, the outsourcing firm can deliver the g00% on time in the market. 5 special 3 obtain spec 4 Growth of process outsourcing, a foreign firm can obtain fed services from Indian legal experts and that too for case of legal ¢ Entrepreneurs: Outsourcing gives an opportunity trepreneurs. The entrepreneurs may come up wi baie ‘eas to complete the outsourcing work. Thus, the so ourcing firm may benefit not only due to lower operational oats, but alsoin terms of quality of innovative services provided by the third party entrepreneurs. itive Advantage: BPO gives competitive advantage to eee es Due to outsourcing, a business firm can focus fectively on core areas with speed and agility, which there they would sacrifice as and when the business expands. The overall improvement in efficiency enables the firm to serve customers more effectively, thereby effectively facing the challenges of the competi Image: Outsourcing may improve the corporate ee pete Pteourcing fine. The outsourcing firm as concentrate on core areas, whereas, non core areas can outsourced. This enables the outsourcing firm to improve its performance, thereby enhancing the image of minds of various stakeholders. rs. Disadvantages of Outsourcing: 1. Poor Services: At times, the third party may prove poor quality or delay in services. For instance, severa ft eure the after-sale-service to third partes. The third Pam Ty delays the services or the service provided is 1 FO" * This may have adverse effect on the image 0! party that provides fe employees. There are and made to work for shen the employees Exploitation of Employees: The outsourcing services may exploit cases, where the employees ate P longer hours. This happens, espe work in unorganised service provide110 j Business PI it (BMS: SE} The franchisee can have access to technology and oth resources of the franchisor, which can help toimprove eines” of the franchisee’s firm me The franchise's marke reputation of franchisor. work becomes easier due to the Ithelps to bring in professionalism in the franchise's firm, a5 the franchisor provides training to the franchise's staff, This type of contracts builds customer loyalty due to better facilities and services provided. This in turn helps to increase sales. The franchisee can face the competition effectively, as he gets the advantage of the goodwill of the franchisor. SUITABILITY The franchise contracts are suitable in respect of the following : 1 2 Fast food restaurants such as McDonald’s, Pizza Hut, etc. Educational courses such as Computer Programming, Management Courses, etc. Travel and Tour Services, as the expertise can be easily transferred. Repair and Maintenance Services, as the employees of franchisee can be trained by the franc! Mergers Merger is one of the most effective ways to exped: impl industries have grown at a good speed, the ion of a business growth plan. Companies in all part because of merget jlement strategy. The impact of technology and the Internet has only further increased the pace and size of deals, Mergers have taken place pharmaceuticals, IT, Advertisinj Insurance, Telecommunications, ines, etc, 1 of Entrepreneurs m ‘a combination of two or more companies into to oe to merger only one company survives and the n ‘ay ceases to exist. The merger takes place for a aeryhich the acquiring company pays either in cash or ‘Amerser cone compa other com whic Sesideration W offering its shares. le: Audi (with the 4rings logo) isa merger in 19820 four Forexam le id, Wanderer, Horch and DKW. (Currently Audi isa companies ig Volkswagen. Volkswagen has other subsidiaries - ary Bentley, Bugatti, Ducati, Porsche, and Skoda.) TYPES OF MERGER It takes place when the merged companies q ene lar type of products or services. Example ie Pues merger of Lipton India and Brooke Bond. 2. Vertical Merger: It is a merger between two companies producing different goods or services. Example includes merger of Time Warner and Turner Corporation. 3. Conglomerate Merger: It is a merger between firms that a involved in totally unrelated business activities, includes the merger of Walt Disney Company and the American Broadcasting Company. into 4. Concentric Merger: It is a merger of firms which are in indirectly related businesses. ADVANTAGES OF MERGERS: 1. Research and Development: In some industries, such = Pharma, automobiles, etc, itis important to invest Te design and develop new products. A merger ena) rand synergy. A entity to be more profitable because of these es Partof the profits are invested in R&D to devel ee te to gain competitive advantage. Fo pe 7 invested over US $ 11.5 billion in R&D in 201. to ent 2 Operational Efficiency: Merger enables the meee For Pool the resources and to streamline the Pe he instance, it can pool the efforts of R&D te112 re ener Busines Planning and Entrepreneurial Management (BMS: SEM,» merged firms. Pooling of resources results in lower cost operations, and thereby, improved efficiency of yt organisation. irlines may be big losers. Therefore, the competing firms may merge which cog bring benefits to the merged entity. Also, travellers could benesy from a single firm with lower costs. Avoiding duplication woul, have environmental benefits and help reduce congestion a the airport. Entry in World Markets: Merger may enable the merged entty tohave access to wider global markets. For instance, a pharma company may have presence in North American Markets, whereas, another company may have presence only in European Markets. Ifthe companies merge, the merged entity will have a greater presence in North American markets as well as in European markets. Size and Synergy: Size and synergy are the two main considerations for merger. The merged entity gains the advantages of size and synergy of the merged businesses. For ample, there can be marketing synergy, which may take place as the merged entity can use the same distribution channels, advertising, and sales force. Economies of Scale: The merged entity enjoys economies of large scale production and distribution of goods and services Mergers, therefore, improves the overall competitiveness. Dut to the benefits of economies of scale, the firm is in a position generate higher profits than the aggregate profits of the pre merger entities, Competitive Advantage: Merger helps to face competition in the market. Due to economies of large scale production and distribution, the firm is in a position to offer not only better quality of goods and services, but also at better price: therefore, it can effectively face competition in the market. ification of Entrepreneurs 1 and Classification of 13 196 nce Related Benefits: Merger results in integration of assets $8. Finan resources, and provides stability of cash flows and and Olas leverage for raising more funds from the market bth ‘err investors, 2s well as from banks and financial institutions i its: bring out a revival of sick ival of Sick Units: Merger can bring 5 9 erie The sick units can be merged with strong companies, any therefore, the problem of industrial sickness can be avoided in case of certain units. : Merger can provide opportunities for faster * a oa Khan cavbe achieved through internal sources. This Because; merger offers advantages in several areas such as marketing, production, finance, research and development, and so on. The operational advantages of various functional areas ‘can bring faster growth rate to the merged entity. 11. Tax Advantage: Merger can be used as effective source of tax "planning, especially, when one of the merged entities was having accumulated losses. In such a case, itcan result in several tax savings for the merged entity. 12. Diversification: A merged entity can diversify in new areas due to greater capacity to absorb risks relating to diversification. Also the merged entity would be ina better position to handle diversification due to the combined efforts of the merged units. Acquisitions The terms 'takeover' and ‘acquisition’ are used inverse the only difference is that each word carries a slightly differnt connotation, In a takeover or in an acquisition, the acquirer is toall assets as well as liabilities of the acquired firm. r to a takeover, in that, ee ‘ase the other. However, it is usually on a preplanned and orderly manner in which ony agree tte) to both firms. In most ca: acquisition 1S 6116 7 classification of Entrepreneurs ty of NGOs. ves of Entrepreneurial Development Titatare the different methods of Entrepreneurial Development at ammes? wees the content and curriculum of EDPs. 15, Disc the factors to be considered in EDPs? by ere various institutions that provide EDPs. aetna the different options available to an entrepreneur. f. What are the advantages and disadvantages of BPO for an \ed entity (after tal 5 2 irces. For suet Tae a ore arathe aivantagesot franchising to entrepreneurs? irs from internati TOF piscuss the role/ advantages of mergers for entrepreneurs. uyout of Corus St ‘2. Writeshortnotes on: d assets and goodwill enhances the Intrapreneur firm in the financial markets, ‘Women entrepreneurs Self-Help Groups NGOs Discuss and explain the different types and classificatic Pisconians YP fication of Explain the concey intrapreneur. Describe the intrapreneurial process. OR Explain the process of development of intrapreneurs. claim tax benefte wo ar na fit a foreign firm acquiring a domestic loss making conga t it can claim tax benefits in certain countries, = Financial Resources: The combin generate huge financial resou could raise billions of dolla: institutions to finance the bi takeovers. The combined a credit worthiness of the Ancillarisation Pt of intrapreneur. Discuss the elements of | Fillin the blanks with the correct option from the bracket: 1. In1985, Gifford Pinchot introduced the term 4. Bring out the comparison between entrepreneur and intrapreneur. (entrepreneur, intrapreneur, social entrepreneurship) 5. What are the problems faced by women entrepreneurs in India? 2 ____was established at New Delhi in 1992. rg 6. Explain the development of women entrepreneurship with respectto (National Commission for Women, Mahila Mandals, Integrated | Five Year Plans in India. Development Programme) sd 7. What are the measures taken for development of women 3. During the Five Year Plan, Gender Budget Cells were entrepreneurship in India? OR up in various Ministries and Departments. What are the tives taken for development of women (Ninth, Tenth, Eleventh) a y to women. entrepreneurshi ia? 4 is an exclusive scheme for providing equity to 8. Discuss the development of women entrepreneurs with the help of entrepreneurs. SHGs, tyam Nidhi (Mahila Vikas Nidhi, Women Industries Fund, Mahila Udyam Nidhi) 9. What do you mean by social entrepreneurship? Explain the 5. ‘i development of social entrepreneurship. 10. Discuss the importance of social entrepreneurship. 11. Explain the concept of NGOs. What are its characteristics?Practice of combining innovat YFesOUrefulng, to addri social and ‘enyi entrepreneurship) ™™ human touch and dedication technique, an actual or hy, eurs for discussion and ial undertaking havin, invest fixed assets in plant and machinery wheth pita ak onhire purchase not exceeding ® 100 crore. is acontract whereby a firm transfers the associated operational ac Party. (Ancillary, BPO, Merger is a contract between two countries involving transfer of rights (BPO, Acquisition, Franchise) State whether the following statements are ‘True’ or False’ Intrapreneurial culture focuses on following instructions from thetap management. An intrapreneur is the owner of the organization. During the Fourth Five Year Plan, TREAD scheme was launched develop women entrepreneurs, The first National Confere: nce of Women Entrepreneurs was held New Delhi during the Sixth Five Year Plan. ‘The women entrepreneurs face the Women entrepreneurs can obta Parties, especi and resources. problem of dual responsibilty. in grant for setting up a production unit from Central Social Welfare Board SHGs improve the accounting and decision-1 entrepreneurs, ‘The focus of social entrepreneurship is on profit maximization. NGOs play an important role in envi Consumer protection is neglected by NGOs, EDPs are designed only for aspiring entreprene making skills of womet ronment protection. Primarily the role of entrepreneurs, hens "urs. ace ceases operational costs because of third paty involvement, 14 Oy franchise is a short-term con ce 15, Gener ray enable the merged entity tohave acces wider global Merger gates. a pseu: 4,5, 6,7, 9, 12,165 i Match the following: (ce False :1, 2, 3, 8,10, 11,13, 14,15 Intrapreneur ee Semana 3 Womenentrepreneur — |(b) Ralf and a i (c) Business g 3, Social entrepreneur ‘ e, pat ae aed £ organization ree (©) Florence Nightingale Ans: (1) ~ (A), (2) ~ (a, (3) = (@), (4) ~ (b), (5) - (0)