BA5014 UNIT II

Entrepreneurship Development
ENTREPRENEURAL ENVIRONMENT

 Business Environment - Role of Family and Society - Entrepreneurship

Development Training and Other Support Organisational Services - Central and
State Government Industrial Policies and Regulations - International Business.
 BUSINESS ENVIRONMENT

 The definition of business environment means all of the internal and

external factors that affect how the company functions including
employees, customers, management, supply and demand and business
regulations.
 For analytical purpose this conditions factor are grouped and discussed under two
categories (i.e.) Economic factor and non-economic factor
Economic Factor: Non-Economic Factor:
 Capital  Social Conditions:
Capital --------------output ratio------------  Legitimacy of entrepreneurship
Profit  Social mobility
 Labour
 Raw material
 Market
 Components Of Entrepreneurial
Environment/Business Environment
 Internal Environment  Macro/General Environment
 External Environment  Economic Environment
 Micro/Operating  Non-Economic Environment
Environment  Technological Environment
 Suppliers  International Environment
 Customers
 Market Intermediaries
 Competitors
 Public
 1. Quality
2. Export to various countries
Role of Family 3. Manufacturing of High Quality
and Society in 4. Funds
Entrepreneurial 5. Opportunities

Development 6. Social interaction

7. Hard Work
8. Measurable targets
9. Analytical abilities
10. Emotionally stable
 Entrepreneurial Development Training
 Entrepreneurial Development Training Program (EDTP) is created to
provide an alternate route to gainful employment for economically
disadvantaged individuals through the establishment of their
own business.
 Objectives:
 Methods:
 Individual instruction
 Group Instruction
 Lecture Method
 Demonstration Method
 Written Instructional Method
 Conference
 Meetings
 Organizational Support Services

 Financial Assistance
 Technical Assistance
 Promotional Assistance
 Marketing Assistance