Entrepreneur skills


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Entrepreneur skills

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Entrepreneur skills

  1. 1.       Highly Knowledgeable with great vision and dynamism Knowledge regarding the different incentive schemes offered to SME and producers. Understand the rules, regulations and law of the land in starting/running the unit. Aware of the entrepreneurial values and competencies for successful entrepreneurship. Acquainted with technical and managerial skills. Trained to identify and seize opportunities.
  2. 2. Major shift in product and process technology.  Changes in preference from the customer segment . SMEs serve as the seedbed of entrepreneurship due to  It creates more employment opportunities with comparatively low capital investment  SME units is generally local resource/demand  Location flexibility , resulting in horizontal growth and removal of regional imbalance  This sector gives quick returns and has a shorter gestation period  These units help to maintain/retain traditional skills and handicrafts . 
  3. 3. Increased Competition  Penetration of branded consumers products  Deep penetration of media  Quality consciousness  Preference of brand products  Wider choice of brand/products and services  Limited scope for quality price trade off  Increase in purchase power 
  4. 4.         Ability to grasp opportunities which offer economic advantage . Ability to analyze/diagnose the problems of an enterprise and devise remedial measures at the right time . Ability to work out economics of production/service and evolve competitive strategies . Ability to give fillip to ancillarization Technical & analytical capabilities helpful in preventing accidental breakdown problems. Ability to forecast the changes in technology and respond accordingly . Ability towards self-propelled performance . Ability to effectively transfer technology from laboratories to industries
  5. 5.     The number of students selecting selfemployment as career option is low . Entrepreneurial characteristics of the student is on higher side . Entrepreneurial characteristic of the student opting for self- employment is higher than the students opting for wage employment. Entrepreneurial capability of the students opting for self employment is on the higher side than students opting for wage employment .
  6. 6.     The knowledge of faculty is on higher degree with respect to the rest of factors input Faculty input for developing the personality of the student as the engineer is a second preference The learning attitude /receptive mind of the faculty is the third preference. The industrial exposure and entrepreneurial awareness of the faculty comes as the least important factor among all .
  7. 7.  1. 2. 3.  Input by technical institution with the help of capable manpower/machine and equipments Knowledge :- By Theory Skill :- By Practical application Understanding :- By open ended Problem & By interaction with entrepreneurs/field practitioners and exposure to the real problem of the industries .
  8. 8.  Pre-operational Drill :-    Operational Drill :-     Identification of Entrepreneur Individual’s decision to choose selfemployment as career Opportunity recognition Product identification Self-confidence Techno-commercial aspect of a unit
  9. 9.  Post operational Drill :-     Functional & Structural parameters     Vetting of techno – economical viability of unit Vetting of project report from financial institution Technology sustainability of unit Land/shed allotment for the unit Resource generation for the unit Technical Know-how for the unit Rules & Regulation of the land
  10. 10.  Competence Building for decision-making       Leadership qualities Decision-making ability Labour management skills Finance management skills Sales, marketing & purchase management skills Shop-floor management skills