It deals Types, Characteristics, Function and Role of Entrepreneurs for Economic Development. Moreover it deals SWOT Analysis and theories of Entrepreneurs.
The document outlines an entrepreneurial development programme (EDP). It defines an EDP as a programme aimed at developing entrepreneurial abilities and skills needed to establish and successfully run an enterprise. The document discusses the needs and objectives of an EDP, which include superior entrepreneur performance, motivating prospective entrepreneurs, and developing entrepreneurial qualities and managerial skills. It also describes the phases of an EDP as pre-training, training, and post-training follow up phases. The training phase aims to bring behavioral changes in trainees, while the post-training phase involves program evaluation.
Institutional support for business enterprisesMubarak S
The document discusses various types of institutional support provided by the government and government-supported organizations to promote business enterprises in India. It outlines the stages of business promotion that these institutions assist with, including inception, operational, and expansion stages. Finally, it lists specific national and state-level institutions that provide financing, training, marketing assistance and other resources to help entrepreneurs at different stages of their business development.
The document discusses entrepreneurship development and entrepreneurship programs. It defines entrepreneurship as identifying opportunities and arranging resources to exploit opportunities for long-term gains. Entrepreneurship requires characteristics like being a risk-taker and goal-setter. The document outlines several government institutions that provide entrepreneurship programs in India and discusses some problems faced by these programs, such as a lack of infrastructure and proper methodology. Overall, the document emphasizes that entrepreneurship development programs play an important role in eliminating poverty, promoting balanced regional development, and fostering economic independence in India.
The document provides an overview of the Pradhan Mantri Fasal Bima Yojana (PMFBY) crop insurance scheme in India. The key points are:
1) PMFBY aims to provide insurance coverage and financial support to farmers against crop failure from natural disasters and stabilize farmer incomes.
2) It covers food and oilseed crops as well as horticultural crops. Insurance is provided at the village level and premium subsidies are shared equally by central and state governments.
3) Farmers availing loans are covered compulsorily while others can opt-in voluntarily. Premium rates are 2-5% of the sum insured depending on the crop season. Claims are paid out based
The document summarizes key aspects of the Pradhan Mantri Fasal Bima Yojana (PMFBY) crop insurance scheme launched in India in 2016. Some key points:
- PMFBY aims to provide insurance coverage and financial support to farmers against crop failures from natural calamities at lower premium rates than previous schemes.
- It covers yields losses for notified crops as well as some post-harvest losses. Premium rates are 2% for kharif crops, 1% for rabi crops, and 5% for horticulture.
- The government will bear most of the costs, even up to 90% of the premium. Smart technology will be used to assess claims quickly
This document provides an overview of key concepts in project management including the meaning of a project, project report formulation, feasibility study, and Planning Commission guidelines for project reports in India. Some key points:
- A project is a temporary endeavor undertaken to create a unique product or service. It has defined start and end dates, funding limits, and goals.
- A project report outlines the project scope, implementation plan, costs, risks, and expected outcomes. It helps obtain approval and guide execution.
- The Planning Commission of India provides guidelines for topics to address in a project report like alternatives analysis, environmental and social impacts, marketing, costs, and economic and financial analyses.
- Identification of business opportunities and
The document discusses the entrepreneurship development cycle (EDC) which consists of three phases: the stimulatory phase which generates awareness and identifies potential entrepreneurs, the support phase which helps entrepreneurs establish and run their enterprises, and the sustaining phase which assists entrepreneurs in continuously operating their businesses efficiently. It also lists several institutions that are involved in promoting entrepreneurship through activities like training, research, and providing financial support.
Government policies aim to promote entrepreneurship for economic benefits like job creation and development. Policies include programs run by organizations like NABARD, NSIC, SIDBI that provide financing and support services. Challenges include streamlining regulations and improving infrastructure and access to information. Suggestions are to simplify procedures, reduce controls and paperwork to enable entrepreneurs to focus on production.
The document outlines an entrepreneurial development programme (EDP). It defines an EDP as a programme aimed at developing entrepreneurial abilities and skills needed to establish and successfully run an enterprise. The document discusses the needs and objectives of an EDP, which include superior entrepreneur performance, motivating prospective entrepreneurs, and developing entrepreneurial qualities and managerial skills. It also describes the phases of an EDP as pre-training, training, and post-training follow up phases. The training phase aims to bring behavioral changes in trainees, while the post-training phase involves program evaluation.
Institutional support for business enterprisesMubarak S
The document discusses various types of institutional support provided by the government and government-supported organizations to promote business enterprises in India. It outlines the stages of business promotion that these institutions assist with, including inception, operational, and expansion stages. Finally, it lists specific national and state-level institutions that provide financing, training, marketing assistance and other resources to help entrepreneurs at different stages of their business development.
The document discusses entrepreneurship development and entrepreneurship programs. It defines entrepreneurship as identifying opportunities and arranging resources to exploit opportunities for long-term gains. Entrepreneurship requires characteristics like being a risk-taker and goal-setter. The document outlines several government institutions that provide entrepreneurship programs in India and discusses some problems faced by these programs, such as a lack of infrastructure and proper methodology. Overall, the document emphasizes that entrepreneurship development programs play an important role in eliminating poverty, promoting balanced regional development, and fostering economic independence in India.
The document provides an overview of the Pradhan Mantri Fasal Bima Yojana (PMFBY) crop insurance scheme in India. The key points are:
1) PMFBY aims to provide insurance coverage and financial support to farmers against crop failure from natural disasters and stabilize farmer incomes.
2) It covers food and oilseed crops as well as horticultural crops. Insurance is provided at the village level and premium subsidies are shared equally by central and state governments.
3) Farmers availing loans are covered compulsorily while others can opt-in voluntarily. Premium rates are 2-5% of the sum insured depending on the crop season. Claims are paid out based
The document summarizes key aspects of the Pradhan Mantri Fasal Bima Yojana (PMFBY) crop insurance scheme launched in India in 2016. Some key points:
- PMFBY aims to provide insurance coverage and financial support to farmers against crop failures from natural calamities at lower premium rates than previous schemes.
- It covers yields losses for notified crops as well as some post-harvest losses. Premium rates are 2% for kharif crops, 1% for rabi crops, and 5% for horticulture.
- The government will bear most of the costs, even up to 90% of the premium. Smart technology will be used to assess claims quickly
This document provides an overview of key concepts in project management including the meaning of a project, project report formulation, feasibility study, and Planning Commission guidelines for project reports in India. Some key points:
- A project is a temporary endeavor undertaken to create a unique product or service. It has defined start and end dates, funding limits, and goals.
- A project report outlines the project scope, implementation plan, costs, risks, and expected outcomes. It helps obtain approval and guide execution.
- The Planning Commission of India provides guidelines for topics to address in a project report like alternatives analysis, environmental and social impacts, marketing, costs, and economic and financial analyses.
- Identification of business opportunities and
The document discusses the entrepreneurship development cycle (EDC) which consists of three phases: the stimulatory phase which generates awareness and identifies potential entrepreneurs, the support phase which helps entrepreneurs establish and run their enterprises, and the sustaining phase which assists entrepreneurs in continuously operating their businesses efficiently. It also lists several institutions that are involved in promoting entrepreneurship through activities like training, research, and providing financial support.
Government policies aim to promote entrepreneurship for economic benefits like job creation and development. Policies include programs run by organizations like NABARD, NSIC, SIDBI that provide financing and support services. Challenges include streamlining regulations and improving infrastructure and access to information. Suggestions are to simplify procedures, reduce controls and paperwork to enable entrepreneurs to focus on production.
NABARD was established in 1982 to promote rural prosperity in India. It replaced existing agricultural credit and rural development institutions. NABARD operates nationwide with regional and district offices. Its mission is to support sustainable agriculture and integrated rural development through credit and other services. NABARD provides refinancing to banks and cooperatives, promotes rural policies, and works to enhance financial inclusion in rural areas through programs like Kisan Credit Cards, self-help groups, and watershed development.
government institutions for entrepreneurship developmentMita Meher
The document discusses various government institutions and programs that provide support for entrepreneurship development in India. It outlines several organizations that provide training, consultation, and resources for entrepreneurs, including Small Industries Service Institutes, Entrepreneurship Development Institute of India, and National Institute for Entrepreneurship and Small Business Development. It also describes programs like the Prime Minister's Employment Generation Programme and policies from the Micro, Small and Medium Enterprises Development Act that provide subsidies, incentives, and categorize enterprise size based on investment levels.
The document discusses entrepreneurship development in India. It covers various approaches to entrepreneurship development like human resource development and entrepreneurship development programs. It describes the objectives and need for entrepreneurship development programs. Some common misconceptions about such programs are also mentioned. Various methods, phases and aspects of structuring entrepreneurship development programs are outlined. Finally, the roles of different institutions in promoting entrepreneurship development in India like NIESBUD, SISI, SIDO, NSIC and EDII are briefly discussed.
This document provides an overview of agricultural finance in India. It begins with the historical context of agricultural lending, originally done by moneylenders, and the subsequent development of institutional lenders after policy reforms in the 1930s. It then covers various classifications of agricultural finance based on time, purpose, security, and lender/borrower type. The main sources of agricultural credit in India are discussed, including cooperative societies, commercial banks, land development banks, microfinance institutions, and government schemes. Weaknesses in the rural credit system are outlined along with suggestions for improving access to institutional finance. Agency-wise credit data from 2005-2017 demonstrates the growing role of commercial banks in agricultural lending.
Govt policies & schemes for entreprise developmentAmit Attri
The document outlines various government policies and schemes in India to promote entrepreneurship and startups. It discusses programs like Startup India, Standup India, Make in India, Skill India, Atal Innovation Mission and others that provide funding, tax benefits, incubator support, and skill development initiatives. The goal is to boost job creation, promote innovation and technology, and generate wealth and economic growth through entrepreneurship.
The document discusses the marketing mix of Patanjali Ayurveda, an Indian FMCG company. It covers the 4Ps - Product, Price, Place, and Promotion. For Product, it offers over 400 items across food, beverages, healthcare, medicines, and personal care. For Price, it aims to provide quality at low prices using natural ingredients. For Place, it has a wide distribution network across India and other countries. For Promotion, it relies heavily on advertising across various media and brand ambassador Baba Ramdev to promote its natural and Ayurvedic products.
The document discusses opportunities for entrepreneurship in agriculture. It defines entrepreneurship as developing, organizing, and managing business ventures to make a profit, noting that starting new businesses is a clear example. Successful entrepreneurs are described as energetic risk-takers focused on taking control of their lives. The document outlines essential entrepreneurial skills like leadership, teamwork, resilience and core values. It discusses the need for entrepreneurship in agriculture to address issues like low productivity and high input costs. Government schemes to support agri-entrepreneurship through training and financing are also summarized.
The document discusses the importance of rural industrialization and entrepreneurship in India. It notes that over 70% of Indians live in rural areas and are dependent on agriculture for livelihood. Rural industries are important for generating local employment and utilizing resources. Some key types of rural industries mentioned include agro-based, forest-based, textiles, handicrafts, and services. Factors like low investment, use of traditional skills, and local raw materials make rural industries suitable. However, lack of infrastructure, financing, and skills pose challenges for rural entrepreneurship development.
This document discusses entrepreneurship development and opportunities in agriculture. It defines an entrepreneur and lists their key characteristics, including being risk-taking, innovative, goal-oriented, and hard-working. It also identifies several entrepreneurial opportunities in agriculture, such as diversification, organic farming, food processing, floriculture, and production of agro-inputs. Developing entrepreneurial skills can help maximize these opportunities.
Entrpreneurship development institute of india(edii)Simran Kaur
The Entrepreneurship Development Institute of India (EDII) is an autonomous, not-for-profit institute established in 1983 that is sponsored by major banks to promote entrepreneurship. EDII operates 12 state-level centers and institutes and offers educational programs like a 2-year post-graduate diploma for entrepreneurs. EDII's vision is to become an international leader in facilitating entrepreneurship, while its mission includes increasing the supply and competitiveness of entrepreneurs and small businesses in India. EDII works to promote micro-enterprises, support institution building, develop entrepreneurial spirit in youth, and collaborate with other organizations.
The document outlines various government schemes in India to promote entrepreneurship including Startup India, Make in India, Atal Innovation Mission, STEP, JAM, BIRAC, Stand-Up India, TREAD, PMKVY, and the National Skill Development Mission. The schemes provide funding, loans, training, incubator support, and skill development initiatives to foster innovation, entrepreneurship, and job growth, especially for women, scheduled castes, tribes, and other underprivileged groups.
The major problems that have been identified are, poverty, illiteracy, unemployment, homelessness and crime and violence. Poverty is the condition, when the individuals experience scarcity of resources that are necessary to sustain their living conditions appropriately in my slide we can learn more about this
Entrepreneurship development programmesDaksh Goyal
As the term itself denotes, EDP is a programme meant to develop entrepreneurial abilities among the people. In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise. Thus, the concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise.
developing organisational skills- Controlling, Supervising, problem solvingMita Meher
Organizational skills, controlling, supervising, and problem solving are important managerial functions. Controlling involves establishing standards, measuring performance against standards, comparing actual performance to standards, and taking corrective actions when needed. Supervision provides guidance to subordinates and ensures work is done according to plans. Problem solving is crucial for entrepreneurs and involves critical thinking, creativity, initiative, persistence, flexibility, and self-discipline. It also means identifying problems first, staying calm, working from general to specific, adapting, delegating, measuring outcomes, and reflecting.
This document discusses marketing channels for different farm products. It provides examples of marketing channels for food grains like rice and wheat, which may involve village traders, primary and secondary wholesalers, fair price shops, roller flour millers, retailers, and consumers. For oilseeds, the marketing channel may include village traders, wholesalers, processors, pod/seed retailers, oil wholesalers, oil retailers, and consumers. Cooperative societies are also involved in marketing farm products to hotels and institutions.
Agricultural finance deals with the study of credit provision and liquidity services for farm borrowers. It examines the financial intermediaries that provide loan funds to agriculture and how these intermediaries obtain funds. Agricultural finance can be examined at both the macro and micro level. At the macro level, it considers total credit needs and terms for the agricultural sector. At the micro level, it focuses on financial management of individual farm units. Common sources of agricultural finance include money lenders, traders, cooperatives, commercial banks, and microfinance organizations. Loans are classified by time period, purpose, and security. Weaknesses in rural credit systems include a lack of motivation, high interest rates, and poor recovery rates. Suggestions for
Role of government in promoting entrepreneurshipSimran Kaur
This document discusses the role of the Indian government in promoting entrepreneurship. It outlines India's national innovation system, including research councils and institutions. It notes challenges such as fragmented policies, inadequate funding and infrastructure. Recent positive steps include new incubators and startup funds. The document recommends business-friendly laws and regulations, intellectual property protection, education and infrastructure investment to strengthen the innovation ecosystem and support entrepreneurs.
1. The document defines entrepreneurship and discusses key concepts like the definition of an entrepreneur, characteristics of entrepreneurs, types of entrepreneurs, and factors that affect entrepreneurship growth.
2. It also covers topics like the need for entrepreneurship development programs, their objectives and structure, and challenges faced in implementing them.
3. The document concludes by discussing entrepreneurial skills, behaviors, attributes, and the differences between entrepreneurs and professional managers.
NABARD was established in 1982 to promote rural prosperity in India. It replaced existing agricultural credit and rural development institutions. NABARD operates nationwide with regional and district offices. Its mission is to support sustainable agriculture and integrated rural development through credit and other services. NABARD provides refinancing to banks and cooperatives, promotes rural policies, and works to enhance financial inclusion in rural areas through programs like Kisan Credit Cards, self-help groups, and watershed development.
government institutions for entrepreneurship developmentMita Meher
The document discusses various government institutions and programs that provide support for entrepreneurship development in India. It outlines several organizations that provide training, consultation, and resources for entrepreneurs, including Small Industries Service Institutes, Entrepreneurship Development Institute of India, and National Institute for Entrepreneurship and Small Business Development. It also describes programs like the Prime Minister's Employment Generation Programme and policies from the Micro, Small and Medium Enterprises Development Act that provide subsidies, incentives, and categorize enterprise size based on investment levels.
The document discusses entrepreneurship development in India. It covers various approaches to entrepreneurship development like human resource development and entrepreneurship development programs. It describes the objectives and need for entrepreneurship development programs. Some common misconceptions about such programs are also mentioned. Various methods, phases and aspects of structuring entrepreneurship development programs are outlined. Finally, the roles of different institutions in promoting entrepreneurship development in India like NIESBUD, SISI, SIDO, NSIC and EDII are briefly discussed.
This document provides an overview of agricultural finance in India. It begins with the historical context of agricultural lending, originally done by moneylenders, and the subsequent development of institutional lenders after policy reforms in the 1930s. It then covers various classifications of agricultural finance based on time, purpose, security, and lender/borrower type. The main sources of agricultural credit in India are discussed, including cooperative societies, commercial banks, land development banks, microfinance institutions, and government schemes. Weaknesses in the rural credit system are outlined along with suggestions for improving access to institutional finance. Agency-wise credit data from 2005-2017 demonstrates the growing role of commercial banks in agricultural lending.
Govt policies & schemes for entreprise developmentAmit Attri
The document outlines various government policies and schemes in India to promote entrepreneurship and startups. It discusses programs like Startup India, Standup India, Make in India, Skill India, Atal Innovation Mission and others that provide funding, tax benefits, incubator support, and skill development initiatives. The goal is to boost job creation, promote innovation and technology, and generate wealth and economic growth through entrepreneurship.
The document discusses the marketing mix of Patanjali Ayurveda, an Indian FMCG company. It covers the 4Ps - Product, Price, Place, and Promotion. For Product, it offers over 400 items across food, beverages, healthcare, medicines, and personal care. For Price, it aims to provide quality at low prices using natural ingredients. For Place, it has a wide distribution network across India and other countries. For Promotion, it relies heavily on advertising across various media and brand ambassador Baba Ramdev to promote its natural and Ayurvedic products.
The document discusses opportunities for entrepreneurship in agriculture. It defines entrepreneurship as developing, organizing, and managing business ventures to make a profit, noting that starting new businesses is a clear example. Successful entrepreneurs are described as energetic risk-takers focused on taking control of their lives. The document outlines essential entrepreneurial skills like leadership, teamwork, resilience and core values. It discusses the need for entrepreneurship in agriculture to address issues like low productivity and high input costs. Government schemes to support agri-entrepreneurship through training and financing are also summarized.
The document discusses the importance of rural industrialization and entrepreneurship in India. It notes that over 70% of Indians live in rural areas and are dependent on agriculture for livelihood. Rural industries are important for generating local employment and utilizing resources. Some key types of rural industries mentioned include agro-based, forest-based, textiles, handicrafts, and services. Factors like low investment, use of traditional skills, and local raw materials make rural industries suitable. However, lack of infrastructure, financing, and skills pose challenges for rural entrepreneurship development.
This document discusses entrepreneurship development and opportunities in agriculture. It defines an entrepreneur and lists their key characteristics, including being risk-taking, innovative, goal-oriented, and hard-working. It also identifies several entrepreneurial opportunities in agriculture, such as diversification, organic farming, food processing, floriculture, and production of agro-inputs. Developing entrepreneurial skills can help maximize these opportunities.
Entrpreneurship development institute of india(edii)Simran Kaur
The Entrepreneurship Development Institute of India (EDII) is an autonomous, not-for-profit institute established in 1983 that is sponsored by major banks to promote entrepreneurship. EDII operates 12 state-level centers and institutes and offers educational programs like a 2-year post-graduate diploma for entrepreneurs. EDII's vision is to become an international leader in facilitating entrepreneurship, while its mission includes increasing the supply and competitiveness of entrepreneurs and small businesses in India. EDII works to promote micro-enterprises, support institution building, develop entrepreneurial spirit in youth, and collaborate with other organizations.
The document outlines various government schemes in India to promote entrepreneurship including Startup India, Make in India, Atal Innovation Mission, STEP, JAM, BIRAC, Stand-Up India, TREAD, PMKVY, and the National Skill Development Mission. The schemes provide funding, loans, training, incubator support, and skill development initiatives to foster innovation, entrepreneurship, and job growth, especially for women, scheduled castes, tribes, and other underprivileged groups.
The major problems that have been identified are, poverty, illiteracy, unemployment, homelessness and crime and violence. Poverty is the condition, when the individuals experience scarcity of resources that are necessary to sustain their living conditions appropriately in my slide we can learn more about this
Entrepreneurship development programmesDaksh Goyal
As the term itself denotes, EDP is a programme meant to develop entrepreneurial abilities among the people. In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise. Thus, the concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise.
developing organisational skills- Controlling, Supervising, problem solvingMita Meher
Organizational skills, controlling, supervising, and problem solving are important managerial functions. Controlling involves establishing standards, measuring performance against standards, comparing actual performance to standards, and taking corrective actions when needed. Supervision provides guidance to subordinates and ensures work is done according to plans. Problem solving is crucial for entrepreneurs and involves critical thinking, creativity, initiative, persistence, flexibility, and self-discipline. It also means identifying problems first, staying calm, working from general to specific, adapting, delegating, measuring outcomes, and reflecting.
This document discusses marketing channels for different farm products. It provides examples of marketing channels for food grains like rice and wheat, which may involve village traders, primary and secondary wholesalers, fair price shops, roller flour millers, retailers, and consumers. For oilseeds, the marketing channel may include village traders, wholesalers, processors, pod/seed retailers, oil wholesalers, oil retailers, and consumers. Cooperative societies are also involved in marketing farm products to hotels and institutions.
Agricultural finance deals with the study of credit provision and liquidity services for farm borrowers. It examines the financial intermediaries that provide loan funds to agriculture and how these intermediaries obtain funds. Agricultural finance can be examined at both the macro and micro level. At the macro level, it considers total credit needs and terms for the agricultural sector. At the micro level, it focuses on financial management of individual farm units. Common sources of agricultural finance include money lenders, traders, cooperatives, commercial banks, and microfinance organizations. Loans are classified by time period, purpose, and security. Weaknesses in rural credit systems include a lack of motivation, high interest rates, and poor recovery rates. Suggestions for
Role of government in promoting entrepreneurshipSimran Kaur
This document discusses the role of the Indian government in promoting entrepreneurship. It outlines India's national innovation system, including research councils and institutions. It notes challenges such as fragmented policies, inadequate funding and infrastructure. Recent positive steps include new incubators and startup funds. The document recommends business-friendly laws and regulations, intellectual property protection, education and infrastructure investment to strengthen the innovation ecosystem and support entrepreneurs.
1. The document defines entrepreneurship and discusses key concepts like the definition of an entrepreneur, characteristics of entrepreneurs, types of entrepreneurs, and factors that affect entrepreneurship growth.
2. It also covers topics like the need for entrepreneurship development programs, their objectives and structure, and challenges faced in implementing them.
3. The document concludes by discussing entrepreneurial skills, behaviors, attributes, and the differences between entrepreneurs and professional managers.
Ratan Tata is recognized as an accomplished entrepreneur who led the Tata Group's acquisition of Corus, creating the world's fifth largest steel company. As the chairman of Tata Sons, he helped expand the company's global presence through strategic acquisitions. Entrepreneurship involves recognizing opportunities, pursuing them through innovation and risk-taking despite limited resources, and having the flexibility and resilience to adapt to challenges. Successful entrepreneurs demonstrate traits like passion, creativity, self-reliance, leadership, and a willingness to take risks.
The document provides an overview of the course "Entrepreneurship Development" taught at the National Institute of Technology Agartala. It outlines the 5 units that will be covered: Entrepreneurship, Motivation, Business, Financing and Accounting, and Support to Entrepreneurs. Key concepts that will be discussed include different types of entrepreneurs, motivation factors, small business characteristics, sources of financing, and government support programs. References include 5 textbooks on entrepreneurship that will provide further reading.
The document defines an entrepreneur as someone who creates a new business while taking risks and uncertainties in order to make a profit. It discusses various theories of entrepreneurship including economic, sociological, and psychological theories. It also covers characteristics, types, functions, and barriers of entrepreneurs. The stages of the entrepreneurial process include discovery, concept development, resourcing, actualization, and harvesting. Entrepreneurial culture and its components that promote entrepreneurship are also summarized.
The document defines an entrepreneur as someone who creates a new business while taking risks and uncertainties in order to make a profit. It discusses various theories of entrepreneurship including economic, sociological, and psychological theories. It also covers characteristics, types, functions, and barriers of entrepreneurs. The stages of the entrepreneurial process include discovery, concept development, resourcing, actualization, and harvesting. Entrepreneurial culture and its components that promote entrepreneurship are also summarized.
The business is started with the aim of achieving success but success is not always guaranteed. Because business has to go always in uncertainty. A good entrepreneur should be able to forecast such a situation and take appropriate steps to remain away from such uncertainties or to convert uncertainties to certainties. Hence, success or failure in entrepreneurship largely depends on the strength and weakness of the entrepreneur.
An entrepreneur is defined as someone who combines factors of production like land, labor, and capital to produce goods and services with the goal of selling them for a profit. Successful entrepreneurs have qualities like a high need for achievement, optimism, a willingness to take risks and innovate, and strong management and financial skills. Promoting youth entrepreneurship is important as it can create jobs, engage marginalized youth, foster new skills, and drive community development through local businesses. However, young entrepreneurs face challenges like lack of access to financing, age discrimination, and inadequate entrepreneurship education.
This document provides an overview of entrepreneurship and entrepreneurship development programs (EDPs). It defines entrepreneurship as the process of identifying business opportunities, organizing enterprises, raising capital, and managing day-to-day operations. EDPs aim to strengthen entrepreneurial qualities and skills to help people play the role of entrepreneur effectively. The document outlines the objectives, need for, phases and roles of EDPs in creating employment, reducing poverty, and facilitating economic development. It also discusses factors influencing entrepreneurship and challenges facing EDPs.
This document provides an overview of entrepreneurship and entrepreneurs. It defines entrepreneurship and discusses the objectives, characteristics, functions, and types of entrepreneurs. Specifically:
- Entrepreneurship is taking risks to organize and manage a business to make a profit by exploiting opportunities. Entrepreneurs innovate, identify opportunities, and create economic value.
- The objectives are to disseminate knowledge on entrepreneurship, differentiate entrepreneurial activities and functions, and understand the role and barriers of entrepreneurship in India.
- Key characteristics of entrepreneurs include being goal-oriented, risk-taking, creative, hard-working, and self-confident. Primary functions are planning, organizing, decision-making,
Business planning and entrepreneurial management (s.y bms)LOHITA RAO
This document provides an overview of entrepreneurship and business planning concepts. It discusses the definition of key terms like enterprise, entrepreneur and entrepreneurship. It also summarizes several theories of entrepreneurship such as Schumpeter's innovation theory, McClelland's theory of achievement motivation, Leibenstein's X-efficiency theory, Knight's theory of profit, and Hagen's theory of social change. Additionally, the document outlines the importance of entrepreneurship development, characteristics of entrepreneurs, and what is involved in business planning.
The document defines an entrepreneur and discusses their essential characteristics and functions. It states that an entrepreneur is an innovator who exploits opportunities through risk-taking and the conversion of resources. The key characteristics of an entrepreneur are listed. It then discusses the five main functions of an entrepreneur: risk-bearing, organizational, innovative, managerial, and decision-making. Finally, it defines entrepreneurship and elaborates on its vital role in developing economies through employment generation, increasing national income, balanced regional development, dispersing economic power, and improving standards of living.
it is a docx, documentation that describe the business entrepreneurship and includes also a group discussion report on cloud computing and its roll in entrepreneurship
The document discusses key aspects of understanding a business environment. It defines internal and external factors that comprise a business environment and how they can influence a business. Some key internal factors mentioned include organizational culture, human resources, and technology. Important external factors include political, economic, social, technological, legal, and environmental (PESTLE) influences. Understanding a business environment is crucial because the various factors can impact how a business operates and its potential for success or failure.
The document discusses various topics related to entrepreneurship including:
1) Key traits of successful entrepreneurs such as passion, innovativeness, and risk-taking abilities.
2) The differences between managers and entrepreneurs and how entrepreneurs try to create new products/services through improvisation.
3) Factors that motivate entrepreneurs both internally, such as their desires, and externally like financial assistance and government policies.
The document discusses various topics related to entrepreneurship including:
1) Key traits of successful entrepreneurs such as passion, innovativeness, and risk-taking abilities.
2) The differences between managers and entrepreneurs and how entrepreneurs try to create new products/services through improvisation.
3) Factors that motivate entrepreneurs both internally, such as their desires, and externally like financial assistance and government policies.
This document provides information about entrepreneurship and small scale industries. It defines an entrepreneur as an innovator who identifies opportunities and takes risks to start new businesses. It describes the concept of entrepreneurship as undertaking business interests through teamwork and exploiting opportunities. The stages of the entrepreneurial process are identified as identifying opportunities, evaluating opportunities, preparing a business plan, organizing resources, and managing the enterprise. Characteristics of entrepreneurship include innovation, risk-taking, and skillful management. Sources of finance for entrepreneurs and the roles of various central level institutions in supporting small scale industries are also outlined.
Unit 1 Introduction to Entrepreneurship.pptxbinodjaishi1
Unit 1 of the document provides an introduction to entrepreneurship, defining key terms like entrepreneur, entrepreneurship, and enterprise. It discusses the importance of entrepreneurship in economic development and job creation. It also outlines different types of entrepreneurship like small business entrepreneurship and social entrepreneurship. Obstacles that women entrepreneurs face like lack of financing and family responsibilities are also summarized. McClelland's acquired needs theory of entrepreneurial motivation is introduced, which identifies three main motivational drivers: need for achievement, need for power, and need for affiliation.
This course is designed specifically for youth who are interested in learning more about entrepreneurship and exploring their potential as business owners. Throughout the two-day course, you will gain a comprehensive understanding of the concept of entrepreneurship and its importance, learn how to identify and evaluate business opportunities, and develop a solid business plan to help you succeed. You will gain valuable insights into financial management and learn how to effectively manage your finances as an entrepreneur.
The document provides information on several international financial institutions and organizations:
The International Monetary Fund (IMF) promotes international monetary cooperation and trade. Headquartered in Washington D.C., it has 189 member countries and oversees short-term lending to address members' balance of payments issues.
The World Bank aims to reduce poverty and promote shared prosperity. Based in Washington D.C., it provides long-term loans for development projects across 173 countries.
The World Trade Organization (WTO) facilitates global trade through negotiations and dispute resolution. With 164 members, it works to liberalize trade, ensure fair competition, and help developing countries.
The Export Import Policy or Exim Policy is a set of guidelines issued by the Indian government every five years that governs import and export regulations. It is updated annually on March 31st. The current policy period is 2022-2027. The Union Minister of Commerce and Industry announces changes to the policy after coordinating with related ministries and the Directorate General of Foreign Trade. Export Promotion Councils promote and support export firms by providing industry insights, promoting government schemes, collecting trade data, and organizing overseas tours and trade delegations. Membership in EPCs allows exporters access to trade advantages, opportunities to meet buyers, and stay updated on industry trends.
1. A bank is a business organization that deals in borrowing and lending money and makes a profit through interest charged on loans. The Central Bank, also known as the Reserve Bank of India, controls the country's money supply and promotes financial stability.
2. The Central Bank regulates other banks, acts as a lender of last resort, clears checks, and manages foreign exchange rates and monetary policy. Commercial banks accept deposits, lend funds, use checks, and provide other services like agency functions.
3. Export credit agencies provide insurance to exporters against payment risks and help recover bad debts. The Export Import Bank finances imports/exports and provides related services, while the IMF promotes exchange rate stability and balance of payments adjustments between
The balance of payments is a systematic record of a country's external economic transactions over a period of time. It includes visible and invisible items, recording transactions of both goods, services, and capital. The balance of trade is part of the current account and records only merchandise exports and imports, while the balance of payments provides a more complete picture of a country's international economic relations by also including financial and other non-physical flows. Imbalances in the balance of payments can be caused by factors like trade cycles, economic development, national income levels, and external borrowing. Currency appreciation means the domestic currency gains value against foreign currencies, while depreciation means it loses value.
Basic concepts in internatioal businessDhina Karan
International business involves commercial activities that cross national borders. It is defined as business transactions conducted between countries. International business has several key features, including the involvement of multiple countries, the use of foreign exchange, different legal obligations between nations, exposure to risks in foreign markets, and heavy documentation requirements due to differences in economic environments and business practices across borders.
This document provides an overview of 5 units related to international business:
Unit I defines international business and compares it to domestic business. Unit II covers balance of trade, balance of payments, and exchange rates. Unit III discusses domestic support institutions for exports like RBI, commercial banks, and ECGC. Unit IV discusses international support institutions like IMF, World Bank, WTO, and the Eurodollar market. Unit V briefly mentions the Indian government's EXIM policy and export councils.
The document discusses poverty and unemployment in India. It defines poverty as individuals who cannot meet basic needs like food and shelter due to insufficient income. It also defines unemployment as people who are willing and able to work but cannot find employment. Some key points made include:
- Over 350 million people in India still live below the poverty line according to recent UN reports.
- Many government schemes have been implemented to reduce poverty and generate employment, such as NREGA, but poverty and unemployment remain significant problems.
- Causes of poverty include population growth, lack of economic development, and low levels of education. Causes of unemployment include a lack of job creation and a mismatch between skills and available jobs.
Exchange control aims to balance a country's foreign receipts and payments through indirect government control of foreign exchange rather than flexible exchange rates or market forces. It involves regulating all foreign currency receipts and payments. The objectives of exchange control include stabilizing exchange rates, preventing capital flight, protecting domestic industries, checking non-essential imports, and remedying unfavorable balance of payments. Methods of exchange control include direct methods like intervention, exchange restrictions, and clearing agreements as well as indirect methods like quantitative restrictions, export bounties, and interest rate adjustments.
This document discusses free trade and protectionism in economics. It defines free trade as a policy without tariffs or other trade barriers between countries. The advantages listed include comparative cost advantage, increased factor earnings, cheaper imports, an enlarged market, competition, and greater welfare. However, the document also notes arguments against free trade such as imperfect competition and one-sided development. Protectionism is then defined as encouraging domestic industries through subsidies or tariffs on foreign goods. The document provides several economic and non-economic arguments for protectionism, such as terms of trade and infant industries, as well as defense, patriotism, and preservation of certain industries. It concludes by acknowledging some of the difficulties in assessing and implementing these policies.
The document discusses balance of trade, balance of payments, causes of disequilibrium in balance of payments, and measures to correct disequilibrium. It defines balance of trade as the difference between a country's exports and imports of visible goods over a period of time. Balance of payments is a record of all external transactions, including goods, services, and capital flows. Causes of disequilibrium include trade cycles, population growth, external borrowing, and inflation. Measures to correct disequilibrium involve monetary actions like depreciation or devaluation, and non-monetary actions like tariffs, quotas, or export promotion policies.
The gains from international trade depend on a country's terms of trade, which is the ratio of export prices to import prices. There are three main types of terms of trade: 1) Net barter terms of trade, which is the ratio of export price index to import price index; 2) Gross barter terms of trade, which is an index of import quantities to export quantities; 3) Income terms of trade, which is the net barter terms multiplied by the export volume index. The terms of trade can be influenced by factors like the elasticity of demand, the nature of supply and production, a country's size, population, exchange rates, and trade policies.
The gains from international trade depend on a country's terms of trade, which is the ratio of export prices to import prices. There are three main types of terms of trade: 1) Net barter terms of trade, which is the ratio of export price index to import price index; 2) Gross barter terms of trade, which is an index of import quantities to export quantities; 3) Income terms of trade, which is the net barter terms multiplied by the export volume index. The terms of trade can be influenced by factors like the elasticity of demand, nature of supply and production, size of the country, population size, exchange rates, and trade policies.
This document provides an overview of different theories of international trade, including:
- Absolute advantage theory proposed by Adam Smith which states that countries should specialize in goods they have an absolute cost advantage in.
- Comparative advantage theory by Ricardo which expanded on this to show benefits of specialization based on comparative rather than absolute costs.
- Modern theories like Heckscher-Ohlin which propose that differences in factor endowments between countries (e.g. capital vs. labor) lead to trade in factor-intensive goods.
It also outlines key assumptions and limitations of each theory, and differences between internal and international trade.
The document discusses international trade and key organizations involved. It defines the balance of trade and balance of payments, noting key differences. Causes of disequilibrium in the balance of payments are provided. The objectives and functions of the International Monetary Fund (IMF), International Bank for Reconstruction and Development (World Bank), and World Trade Organization (WTO) are summarized.
This document provides an overview of key concepts related to national income and macroeconomics, including:
1) National income is defined as the total market value of all final goods and services produced in an economy in a year.
2) Key concepts in measuring national income include gross domestic product, net domestic product, gross national product, national income, and per capita income.
3) National income can be measured using the product method, income method, and expenditure method.
4) The document also summarizes theories related to rent, wages, interest, and profit, including the Ricardian theory of rent, wage fund theory, Keynesian liquidity preference theory of interest, and Schumpeter
This document discusses several economic concepts related to factors of production. It defines factors of production as resources that contribute to output, including land, labor, capital and organization. It then provides more details on the characteristics and definitions of specific factors:
- Land refers to natural resources and includes characteristics like being a gift of nature, fixed quantity, and differing fertility.
- Labor means any work and has characteristics of being perishable, active, and heterogeneous.
- Capital is man-made, productive, mobile and elastic in supply.
It also discusses division of labor and its advantages like increased output and quality, and disadvantages such as monotony. Localization of industry and its causes, advantages like reputation and
The document discusses three economic concepts:
1) The law of diminishing marginal utility, which states that the additional benefit a person derives from consuming more of a good diminishes with each additional unit consumed.
2) The law of equi-marginal utility, which assumes consumers rationally allocate spending to equalize marginal utility across goods given prices and income.
3) Elasticity of supply, which measures how responsive the quantity supplied is to changes in price.
This document discusses elasticity of demand, including price elasticity of demand and other types. It defines elasticity of demand as the responsiveness of quantity demanded to changes in price, income, prices of related goods, and advertising. The document outlines different types of elasticity - price elasticity of demand, income elasticity of demand, cross elasticity of demand, and advertising elasticity of demand. It also discusses methods of measuring elasticity and uses of understanding elasticity of demand.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
2. Meaning:
1. The dictionary meaning of the word Entrepreneur is
given as a person who stars a business.
2. an Entrepreneur is who ready to take risk for to start a
business is called as entrepreneur
Definition:
1.According to Richard Cantillon , All person engaged in
economic activity are entrepreneurs.
2. According to J.B. Say “ An entrepreneur is the economic
agent who unites all means of production.
3. Risk Assumption Function
Business Decision Making Function
Managerial Function
Function of Innovation
4. According to Clarence entrepreneurs may be classified as
follows:
Innovative Entrepreneur
Adoptive or imitative Entrepreneur
Fabian Entrepreneur
Drone Entrepreneur
Arthur H. Cole classifies entrepreneurs as follows:
1. Empirical Entrepreneur
2.Rational Entrepreneur
3.Cognitive Entrepreneur
5. Classifications According to types of Business
1. Trading Entrepreneur
2. Industrial Entrepreneur
3. Business Entrepreneur
4. Agricultural Entrepreneur
5. Retail Entrepreneurs
6. Service Entrepreneur
7. Social Entrepreneur
Classification According to Technology
1. Technical Entrepreneurs
2. Non- technical Entrepreneurs
3. Professional Entrepreneurs
6. Classification According to Motivation
1. Pure Entrepreneurs
2. Induced Entrepreneurs
3. Spontaneous Entrepreneurs
Other Classification
1. Copreneurs
2. Academic Entrepreneurs
3. Social Entrepreneurs
4. Netpreneur / Ontrepreneur
7. 1. Coordinating Role
2. Agent’s Role
3. Role of Innovation
4. Risk Assumption Role
5. Imitating Role
6. Capital formation Role
7. Balancing Role
8. Status Transformation Role
9. Employment Generation Role
10. Export Promotion Role
8. Entrepreneur Manager
1. Owner: An Entrepreneur is the owner of
enterprise
1. Servant: A Manager is acting in the capacity
of a servant
2.Profit: An entrepreneur reward for Profit
which is highly uncertain
2. Salary: The reward for manager is salary
3.Full Risk Bearing: Entrepreneur has to take
all kinds of risk
4. No risk Bearing: As a Servant the manager
need not any risk
4.All functions: An entrepreneur has to
perform many functions
Managerial functions: A manager render only
managerial services
5.Innovator: an entrepreneur mainly acts an
innovator
Executor: a manager mainly acts as an executor
of plans prepared by entrepreneur.
9. Characteristics of successful Entrepreneurs
Hard Work
Business Acumen and sincerity
Prudence
Achievement Motivation
Self – reliance and independence
Highly Optimistic
Keen Foresight
Planning and organising Ability
Innovativeness
Risk Taking
High Levels of Energy
Maintenance of Public Relations
Communication Skills
10. Meaning:
SWOT Analysis refers to identifying the
strengths, weaknesses, opportunities and threats
of an Organization.
SWOT Analysis is a tool, often used by
organizations in planning its future.
S - Strengths of the organization.
W - Weaknesses.
O - Opportunities of the environment.
T - Threats
11. • Availability of necessary infrastructure.
• Adequate production capacity.
• Skilled manpower.
• Good manufacturing practices, quality assurance and quality control.
• Low cost of manufacture.
• Facilities for product and process development.
• Good location.
• Wide distribution network.
• Motivated staff.
• Liquidity.
• Position.
• Branding.
• Consistency in earning profits.
• Good corporate image.
• Efficient management.
• Philosophy and human resource development
12. • Rising cost of operations.
• Growing union pressures.
• Low level of motivation of staff.
• Non-availability of raw material.
• Scarcity of capital.
• Weak credit worthiness.
• Problem of under utilization of capacity.
• Outdated technology and Poor project planning.
• Inadequate infrastructure.
• Shortage of trained technicians.
• Insufficient managerial expertise.
• Lack of effective co-ordination.
• Inadequate training in skills.
• Feeble structure/poor organization.
• Problems of delegation of authority.
13. • Growing population.
• Increase in disposable income.
• Good monsoon.
• Easy availability of money.
• Availability of appropriate technology.
• Favourable government policies.
• Availability of different task environment like market
information, distribution Outlets and media.
• Presence of favourable cultural environment.
14. Threats of an Organization
Rejection by the market.
Recession
Tough competition.
Political instability.
Fiscal policy resulting into increased taxes, duties,
imports reservations, and licensing.
Technological obsolescence.
Tight money market.
High cost of raising finance.
Difficulty of technical experts.
Climatic changes.
Changing customer tastes and preferences.
Prolonged economic depressions.
15. 1. Maslow’s Need Hierarchy Theory
2. McClelland’s Need Achievement Theory
1. Maslow’s Need Hierarchy Theory
16.
17. 1. Internal Factors
2. External Factors
1. Internal Factors
1. Internal Factors
1. Desire to do something new.
2. Become independent.
3. Achieve what one wants to have in life.
4. Be recognized for one’s contribution.
5. One’s educational background.
6. One’s occupational background and experience in
the relevant field.
18. 1. Government assistance and support.
2. Availability of labour and raw material.
3. Encouragement from big business houses.
4. Promising demand for the product.
19. Entrepreneurial Mobility means movement of
entrepreneurs from one location to another and
similarly from one occupation to another, which
affect the pace and pattern of entrepreneurship
development.
Factors Influence Entrepreneurial Mobility:
Education
Experience
Availability of facilities
Political conditions
Size of enterprise
20. Meaning:
Entrepreneurship development programme is a structured
training program that can help you hone the abilities required
for successful setting up a business and kick-starting your
entrepreneurial journey.
Need for EDP
1. Improve their knowledge base about entrepreneurship trends
and opportunities
2. Develop their skills as an entrepreneur, innovator, and leader
3. Hone the attributes necessary for running successful
entrepreneurial ventures