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Entrepreneurship development in india
- 1. Entrepreneurship Development in India Prof.Shrinivas V K Prof. SVK
- 2. Approaches to ED HR Development EDP NEED Prof. SVK
- 3. EDP EDP meansprogramme designed to help a person in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively Prof. SVK
- 4. The Need forEDP Speed the process of activating the factors of production Leading to higher rate of economic growth Dispersal of economic activities Development of backward and tribal areas Creation of employment opportunities Involvement of all sections of the society Prof. SVK
- 5. Misconception about EDP EDP is solution for all problems EDP means only training Higher the number, better the EDP EDP success is the sole responsibility of Trainer- motivators Combined course may help Prof. SVK
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- 7. Objectives of theProgramme To promote and development of SME that would encourage self employment Stimulate new venture and expansion of existing activities of SME in rural areas. Upgrade managerial skills of existing entrepreneurs and develop potential capabilities for potential entrepreneurs Prof. SVK
- 8. ED Training shouldfocus on developing Entrepreneurial behaviors Taking initiative, grasping opportunity, Managing autonomously, solving problems creatively, Netwoking Etc Entrepreneurial attributes Achievement orientation, self confidence, self esteem, high internal locus of control, hard working, determination Entrepreneurial skills Creative problem solving, negotiating, selling, strategic thinking, intuitive decision making under uncertainty Prof. SVK
- 9. Importance of Training/development Ensuresavailability of skilled manpower at all management levels Enhancing abilities, potential among entrepreneurs Increase efficiency Maintain and enhance product quality Minimize wastages in production process Minimize accidents on the job Reduce fatigue and increase speed of work Standardization in industry and internal processes Prof. SVK
- 10. Methods of Training Individual instruction Group instruction Lecture method Demonstration method Written instruction method Conference Meetings Prof. SVK
- 11. Structuring EDP Surveyof entrepreneurial opportunities Selection of entrepreneurs Experiences in EDP abroad Prof. SVK
- 12. Pre requisites ofEDP Selection of entrepreneurs Inputs for EDP Support system Follow up Prof. SVK
- 13. Phases of EDP Select area from existing government policy guidelines/socio- economic reports Techno-economic survey of the selected area; feasibility study Identify potential and existing entrepreneurs interested in starting new business/expansion/diversification Training Follow up and consultancy services Prof. SVK
- 14. Selection of entrepreneursfor EDP The programme is well publicized and promoted to attract maximum applications for screening Selection of top 25 to 30 applicants only Applications screened for: Demographics and socio cultural data – age, education, work exp, financial resources, type of business etc Motivation factors – pull factors, source of encouragement, credibility, endurance, concreteness of plans Psychological test results- traits like risk taking, need for achievement Prof. SVK
- 15. Features of EDP Identification and careful selection of entrepreneurs for training Developing the entrepreneurial capabilities of the trainee Equipping the trainee with the basic managerial understanding and strategies. Ensuring a viable industrial project for each potential entrepreneur. Helping him to secure the necessary financial, infrastructural and related assistance; and Training cost is highly subsidised and only token fee is charged. Prof. SVK
- 16. Issues in EDP Structure and Composition of EDP Areas of operation Fixing Priorities Lack of specialists’ support Prof. SVK
- 17. The operational problems Inherent inability Diverse opinions Poor strategy Lack of institutional commitment Lack of local support Non availability of inputs Poor follow-up Inadequate research facilities Ill planned training methodology Lack of creativity and commitment Prof. SVK
- 18. Institutions in Aidof Entrepreneurship Development Prof. SVK
- 19. National Institute forentrepreneurship and Small Business Development (NIESBUD),New Delhi Established by Government of India in 1983 An apex body for coordination and supervison on activities of various institutes engaged in entrepreneurial development Helps evolution of EDP, model syllabi, effective training strategies, methodology, manuals and tools Activities undertaken: Organise and conduct training programmes Coordinate training activities of various agencies/institutes Provide affiliation to such institutes Hold examinations and confer certificates to trainers and trainees
- 20. Small Industries Service Institutes(SISI) Three months part time evening courses in management 4-6 weeks part time courses in intensive training in functional areas (marketing, finance) Special courses in quality control, HR, production planning, product development etc Mobile workshops imparting training on correct usage of tools and equipment Helps with preparation of plant layouts Helps individual firms on specific problems faced
- 21. Small Industries Development Organisation(SIDO) Runs EDP in collaboration with financial institutes, directorate of industries Gives on the job training on shop floor (carpentry, electrical devices) Sends its officials/trainers to organisations to update their knowledge
- 22. National Small Industries Corporation(NSIC) Provides apprenticeship for 2 years Training supervisory staff of SSI up to 2 years Training to engineers up to 2 years Training workmen for 12 months Training to set up own venture Advice on machinery and components Production of technologically advanced machines
- 23. Entrepreneurship Development Institute ofIndia (EDII),Ahmedabad. Develops programmes for entrepreneurial training and development Develops innovative training techniques for trainers Focused attention on women entrepreneurs with first such EDP in 1988 EDP for rural entrepreneurship development in U.P and Orissa Famous for organising camps on entrepreneurship Condusted EDP in Sri Lanka, Nepal, Ghana, Kenya etc
- 24. National Alliance ofYoung Entrepreneurs (NAYE) Contribution in encouraging women entrepreneurship Set up women’s wing in 1975 This wing assists women in: Getting better access to resources, infrastructure, markets Identify investment opportunities Attending to problems of individual industries Sponsor participation in trade fairs, exhibitions, conferences Organise seminars, training programmes, workshops
- 25. MANAGEMENT DEVELOPMENT INSTITUTE (MDI) Objectives ofthe Centre for entrepreneurship To provide a variety of services, on a non-profit basis, to encourage, plan for, and link up entrepreneurs, firms, and organizations in India and abroad To offer facilities and networking to entrepreneurs under an Outreach Program To train students aspiring to be entrepreneurs To render services and training that may facilitate entrepreneurs to operate in emerging areas To serve as a platform for various national international centers Prof. SVK
- 26. Institute of EntrepreneurshipDevelopment IED Odisha was established in the year 1987 with an aim to inculcate the value of entrepreneurship to the educated unemployed youth in the state and to motivate them to enter into the field of self employment. Since its inception the institute has trained more than one lakh entrepreneurs in various fields with success rate about 30%. Presently the institute is focusing on skill based training for the youth. mission is to promote micro, small and medium enterprises through innovative and need based entrepreneurship trainings. The institute has to act as a national pace setter in the field of entrepreneurship education, consultancy, research study, training and development. Prof. SVK
- 27. National Science &Technology Entrepreneurship Park (STEP) The Science Parks and similar initiatives help in creating an atmosphere for innovation and entrepreneurship; for active interaction between academic institutions and industries for sharing ideas, knowledge, experience and facilities for the development of new technologies and their rapid transfer to the end user. Prof. SVK
- 28. Objectives To forgea close linkage between universities, academic and R&D institutions on one hand and industry on the other. To promote entrepreneurship among Science and Technology persons, many of whom were otherwise seeking jobs soon after their graduation. To provide R&D support to the small-scale industry mostly through interaction with research institutions. To promote innovation based enterprises. Prof. SVK
- 29. Centre for Entrepreneurship Development(CED) Objectivesof CED: To promote self-employment and Entrepreneurship culture . To enhance employability of educated youth through industry specific skill training Women empowerment NGO Capacity building for mass employment generation in the rural areas. Prof. SVK
- 30. Activities of CED To conduct Entrepreneurship Awareness Camps in the colleges To conduct Sector Specific Entrepreneurship Development Programme To conduct Faculty Development Programme in Entrepreneurship To conduct Bankers / Development Officials Sensitization Programme on Small Industry To conduct Women Entrepreneurship Development Programme To conduct Skill Development Courses in Catering Technology, Fashion Technology and Information Technology. To conduct NGO Capacity Building Programme To undertake Industry consultancy services To undertake research assignments To collaborate with other agencies / organizations for mutually beneficial activities Prof. SVK
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- 32. Significance and roleof Environment on ED
- 33. Entrepreneurs arenot born…….they are made right from the childhood The environment around the entrepreneur makes an entrepreneur Prof. SVK
- 34. Environmental factors Parents Friends Teachers School atmosphere Neighbourhood Society around him Prof. SVK
- 35. Entrepreneurship isthe result of the interaction and assimilation of different social and environmental factors Prof. SVK
- 36. Entrepreneurial Environment EntrepreneurialEnvironment is a combination of factors that play a role in the development of entrepreneurship. First, it refers to the overall economic, socio- cultural, and political factors that influence people’s willingness and ability to undertake entrepreneurial activities. Second, it refers to the availability of assistance and support services that facilitate the start-up process. Prof. SVK
- 37. The available literatureon entrepreneurial environments can be grouped into three broad streams: general environmental conditions for entrepreneurship; environmental conditions of a particular country or region; and the role of public policy in shaping the entrepreneurial environments. Prof. SVK
- 38. General Environmental Conditions Generalenvironmental conditions that may influence entrepreneurship include: legal and institutional frameworks for efficient functioning of private enterprises presence of experienced entrepreneurs and skilled labor force accessibility of suppliers and customers or new markets high degree of competition among firms favorable government policies provision of training and support services supportive infrastructure Prof. SVK
- 39. In addition,the literature suggests that the characteristics of people, their skills, experience, and motivation, play important roles in new venture creation Prof. SVK
- 40. Country/Region Specific Environmental Conditions Countries that keep rules and regulations at a minimum, offer tax and other incentives, and provide training and counseling services to start-up entrepreneurs increase the likelihood of new venture start-ups. Furthermore, factors such as availability of financial resources, large size urban areas, and presence of universities for training and research are found to be very important to increase the rate of new venture creation Prof. SVK
- 41. Studies also showthat entrepreneurs face several obstacles, such as lack of financial assistance, lack of information on various aspects of business, excessive taxation, and high rate of inflation. Prof. SVK
- 42. Role of PublicPolicy Scholars that focused on the role of public policy suggest several policy options for developing entrepreneurship. These policy options include provision of venture capital funds tax-based incentives, and government procurement programs protection of proprietary ideas and innovations investment in education and research explicit recognition of, and support for, entrepreneurship by government agencies fostering of entrepreneurship by educational institutions and minimization of entry barriers. Prof. SVK
- 43. Entrepreneurial motivation Positive environment Encouragesentrepreneurial development and growth This is called entrepreneurial motivation Prof. SVK
- 44. Greatest Motivation…… Money But……… It isnot alone that inspire an entrepreneur Prof. SVK
- 45. Other motivating factorsare: Internal External Prof. SVK
- 46. Internal factors Familybackground Education background Training and work experience Desire for achievement Desire to head a unit Prof. SVK
- 47. External Factors Availabilityof inputs or raw materials Demand of the product and large profits Availability of infrastructure and finances Availability of technology Short supply of the product Government initiative and assistance Ready availability of sick units Prof. SVK
- 48. Role of InfrastructuralNetwork Prof. SVK
- 49. Prof. SVK Thebasic infrastructure at the place of the project help in speedy implementation of the project Reduce costs Increase profitability
- 50. Prof. SVK Betteror rapidly improving infrastructure in a particular area may attract more entrepreneurs and see enhanced entrepreneurial activities
- 51. Basic infrastructure requirements Certaininfrastructural elements seem to make substantial impact on the entrepreneurial environment. modern transport and communication facilities that provide easy access to suppliers and customers Road Network Connected to Rail Ports Airport Prof. SVK
- 52. Prof. SVK locationdecisions of based on the community’s ability to supply trained and capable workers and on the proximity to research and development institutions
- 53. Prof. SVK existenceof universities and research and development programs a well-educated and technically skilled labor force.
- 54. Supporting industries Climatic conditions Logistic support Electricity water Prof. SVK
- 55. Role of InfrastructuralNetwork Most commercial operations such as venture capital firms and commercial banks tend to exhibit greater interest in concentrated, urban areas that usually have a well-developed infrastructure and concentrated demand for funds They also favour areas where businesses are easier to supervise and monitor and the cost of supervising and monitoring loans is relatively low Prof. SVK
- 56. The basicinfrastructure at the place of the project help in speedy implementation of the project Reduce costs Increase profitability Prof. SVK
- 57. Better orrapidly improving infrastructure in a particular area may attract more entrepreneurs and see enhanced entrepreneurial activities Prof. SVK
- 58.