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Entrepreneurs drive economic growth by exploring business opportunities, developing new products and services, and combining various production factors. They generate employment, income, taxes, exports, and alleviate poverty by increasing productivity and innovation. The document outlines the inputs needed for entrepreneurship development, including motivation, knowledge, and skills. It also describes the stages of entrepreneurship from emergence to growth, and lists related interventions like business incubators, financing programs, and cluster development initiatives.
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- 2. WHAT CAUSES ECONOMIC GROWTH? Economic growth is effect, entrepreneur is the cause. Entrepreneurs explore opportunities, convert ideas into viable business proposition and provide new products and services to the society by bringing together and combining various factors of production. They change life style of the people.
- 3. WHAT ENTREPRENEURS DO? EMPLOYMENT & INCOME GENERATION ENTERPRISES ENTREPRENEURS Taxes/Govt. Revenues Poverty Alleviation Higher Productivity & Innovations Output & Exports Wealth
- 5. THE EDP INPUTS AND THEIR FOCUS OBJECTIVES (NEEDS) Entrepreneur (Aptitude) Motivation and Behavioural Inputs Reinforcement of Entrepreneurial Traits Enterprise Establishment (Knowledge) Facilitation of Decision-making Process to Set up New Venture Business Opportunity Guidance, Information, Project Planning Inputs and Technical Inputs Enterprise Management (Skills) Successful and Profitable Operation of an Enterprise Managerial Inputs TRAINING INPUTS
- 6. STAGES OF ENTREPRENEURSHIP DEVELOPMENT AND RELATED INTERVENTIONS 1. Emergence stage • New enterprise creation programmes • Rural & Micro Enterprise and Micro Finance Development Programmes • Counselling • Business Opportunity Guidance • Pre-investment studies • Succession Planning • Business Incubators • Group Entrepreneurship Development 2.Survival Stage •Thematic Programmes (Finance, Marketing, HR, Technology, Exports, Quality, ISO, Brand Building, etc) •Performance Improvement Programmes •Counselling
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