UNIVERSITY INSTITUTE OF LEGAL STUDIES

DEPARTMENT OF LAW
B.COM LLB
Entrepreneurship Development
CMT -211

Entrepreneurship Development
DISCOVER . LEARN . EMPOWER
 Entrepreneurship
Development

Course Outcome

CO Title Level
Number

The objective of the course is to make the student understand

CO1 the concept and importance of entrepreneurship and facilitate Remember
generation of young entrepreneurs.

The main other objective of this subject is to understand

CO2 government schemes in entrepreneurial development. Understand

The objective of the course is to make the student develop

CO3 business plan. Understand
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 DEFINITION

Entrepreneurship : The process whereby an individual or

group of individuals use organized efforts to pursue
opportunities.
Entrepreneur is any person that continuously seeks and
acts upon opportunities for economic and or social gains
through applying the principle of creative problem
solving.

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 Why Entrepreneurship?
• Opportunities and support are available
• Create self employment
• Promote innovation
• Build communities

4
 TYPES OF Entrepreneurs
• Classification according to Motivation
Pure entrepreneur
Induced entrepreneur
Spontaneous entrepreneur
• Classification according to growth
Growth entrepreneur
Super growth entrepreneur

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 TYPES OF Entrepreneurs
• Classification according to stages of development

First generation entrepreneur

Modern entrepreneur
Classical entrepreneur

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 Functions of an Entrepreneur
• Planning:
Estimation of capital resources
Selection of location
Study of availability of labor forces
Scanning for the best suitable idea
Studying marketing strategy

• Management
Manages day to day activities
Involves in directions

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Functions of an Entrepreneur
• Organizing And Decision Making
Determining the objects of the business enterprise
Procurement of machinery , material, men etc.
Acquisition of efficient technology
Development of market for the product

• INNOVATION
Launching of new product
Introduction of new technology
Creation of new market

• Risk And Uncertainty Bearing

Takes the responsibility
Takes risks

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 Qualities of an Entrepreneur
1 Business Focus :Potentiality to turn a profit
2) Confidence: state of being certain
3) Delegator: core concepts of management leadership
4) Independent: Sovereignty
5) Determination: being determined; firmness of purpose
6) Relationship-Builder: strong, deep, or close association or acquaintance between two or more people
7) Knowledge-Seeker: lover of learning

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Are Entrepreneur Born Or Made?
Entrepreneur are born
• Interaction of heredity and environment
• Risk taker
• Bright Individuals
• Core abilities
• Inherent qualities
• Attitude

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Are Entrepreneur Born Or Made?
Entrepreneur are made
• Entrepreneurship through company
• As a exercise
• Capital offering
• Inherit through belongings
• learning trade secret
• Made by experiences
• Others influence

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Role of Entrepreneurship in Industrialization
• Decrease Unemployment
• Reduce Capitalization
• Increase Productivity
• Creates New Technologies , Products And Services
• Local resource Can Be Used
• Improve Living Standard
• Economic Independence
• Overall development
• Creating New Forms Of Business

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Role of Entrepreneurship in Economic
Development
• Investment
• Employment
• Diversity in products and services
• International trade
• Contributes to gross domestic
• product

13
S.no.
ASSESSMENT PATTERN
Type of Assessment Task Weightage of actual Frequency of Task Final Weightage in Internal Remarks
  conduct   Assessment  
   
1. Assignment in form of Case 12 marks of each One Per Unit 8 marks As applicable to course types depicted
ap Study/Short Term Paper
 
assignment designed with
rubrics
    above.
 
 
2. Time Bound Surprise Test 12 marks for each test One per Unit 2 marks As applicable to course types depicted
        above.
 
3. Quiz 4 marks of each quiz 2 per Unit 4 marks As applicable to course types depicted
        above.
 
4. Mid-Semester Test* 20 marks for one MST. 2 per semester 20 marks As applicable to course types depicted
        above
 
5. Presentation**     Non Graded: Engagement Task Only for Self-Study MNG Courses.
     
6. Homework (Blog Writing) NA One per Chapter Non-Graded: Engagement Task As applicable to course types depicted
        above.
 
7. Group Discussion Forum 4 marks for each forum. One per Chapter 4 marks As applicable to course types depicted
        above.
 
8. Attendance and Engagement NA NA 2 marks  
Score on BB      
 

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 ASSESSMENT PATTERN
• What is the meaning of Entrepreneur?
• What is the meaning of Entrepreneurship?

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 Applications
• The students will understand the Concept of Entrepreneur
• They will understand the role of Entrepreneurship.

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 REFERNCES
• Khanka,S S, Entrepreneurial Development, S.Chand&Co.,New Delhi.
• Srivastava S. B: A Practical Guide to Industrial Entrepreneurs; Sultan Chand and Sons, New
Delhi.
• Tendon ,C: Environment and Entrepreneur; Cliugh Publications, Allahabad.
• E-book-http://www.universityofcalicut.info/syl/EntrepreneurshipDevelopment279.pdf
• Lecture notes on Entrepreneurship Development - http://assets.vmou.ac.in/BBA12.pdf

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THANK YOU

For queries
Email: rumit.e7702@cumail.in