This document provides an overview of entrepreneurship development. It defines entrepreneurship as using private initiative to start a new business or grow an existing one. Entrepreneurship development focuses on training and programs to enhance entrepreneurial skills and knowledge to generate employment and economic growth. The document discusses the characteristics of entrepreneurs, competencies needed for entrepreneurship like knowledge, skills, attitudes, and factors to consider when starting an enterprise such as market assessment, growth strategies, and profitability measures. It emphasizes the important role of entrepreneurship in strengthening economic growth and modernization.
Entrepreneurial competencies can be defined as underlying characteristics such as generic and specific knowledge, motives, traits, self-images, social roles, and skills that result in venture birth, survival, and/or growth.”. Entrepreneurship competencies play a leading role in making entrepreneurs successful. Competence is an underlying personal characteristic which leads to superior performance. It is a combination of knowledge, skills, attitudes, and motives.
Entrepreneurial competencies can be defined as underlying characteristics such as generic and specific knowledge, motives, traits, self-images, social roles, and skills that result in venture birth, survival, and/or growth.”. Entrepreneurship competencies play a leading role in making entrepreneurs successful. Competence is an underlying personal characteristic which leads to superior performance. It is a combination of knowledge, skills, attitudes, and motives.
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.
Entrepreneurship is a purposeful activity of an individual or a group of associated individuals, undertaken to initiate, maintain or aggrandise profit by production or distribution of economic goods.
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
3. This module discusses the various governmental Institutional Support provided to nurture entrepreneurship in India especially Small scale and cottage industry in villages. , Type of Support provided by governmental agencies, Directorate of Industries, Industrial Development Corporation, State Financial Corporations, State Small industries Development Corporation(SSIDC), Khadi and Village Industries Commission (KVIC),National Small Industries Corporation (NSIC) and Small Industries Development Bank Of India(SIDBI).
INDUSTRIAL PHARMACOGNOSTICAL TECHNOLOGY
Herbal drug industry: Infrastructure of herbal drug industry
involved in production of standardized extracts and various
dosage forms. Current challenges in upgrading and
modernization of herbal formulations. Entrepreneurship
Development, Project selection, project report, technical
knowledge, Capital venture, plant design, layout and construction.
Pilot plant scale –up techniques, case studies of herbal extracts.
Formulation and production management of herbals.
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.
Entrepreneurship is a purposeful activity of an individual or a group of associated individuals, undertaken to initiate, maintain or aggrandise profit by production or distribution of economic goods.
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
3. This module discusses the various governmental Institutional Support provided to nurture entrepreneurship in India especially Small scale and cottage industry in villages. , Type of Support provided by governmental agencies, Directorate of Industries, Industrial Development Corporation, State Financial Corporations, State Small industries Development Corporation(SSIDC), Khadi and Village Industries Commission (KVIC),National Small Industries Corporation (NSIC) and Small Industries Development Bank Of India(SIDBI).
INDUSTRIAL PHARMACOGNOSTICAL TECHNOLOGY
Herbal drug industry: Infrastructure of herbal drug industry
involved in production of standardized extracts and various
dosage forms. Current challenges in upgrading and
modernization of herbal formulations. Entrepreneurship
Development, Project selection, project report, technical
knowledge, Capital venture, plant design, layout and construction.
Pilot plant scale –up techniques, case studies of herbal extracts.
Formulation and production management of herbals.
Entrepreneurship, types, functions, life cycle of a business venture, Entrepreneurship development cycle, identification o potential entrepreneurs, barriers to entrepreneurship, characteristics of a entrepreneur
This lesson on Physical Distribution includes the nature and objectives of the Physical Distribution and also differentiated with Marketing Channels. This logistics management integrates parts of the managerial functions of warehousing, transportation and organizational responsibility of the marketer in the processing and inventory of orders.
Every startup begins with an idea. This is a talk on how to come up with startup ideas and how to use validation to pick the ones worth working on. It's based on the book "Hello, Startup" (http://www.hello-startup.net/). You can find the video of the talk here: https://www.youtube.com/watch?v=GkmiE8d_5Pw
Startup India, Standup India Guidelines for EntrepreneurshipAjjay Kumar Gupta
Highlighting the importance of the Stand Up India Scheme, Hon’ble Prime minister said that the job seeker has to become a job creator. Prime Minsiter Narendra Modi announced that the initiative envisages loans to at least two aspiring entrepreneurs from the Scheduled Castes, Scheduled Tribes, and Women categories. It was also announced that the loan shall be in the ten lakh to one crore rupee range.
A startup India hub will be created as a single point of contact for the entire startup ecosystem to enable knowledge exchange and access to funding. Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation.
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Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...Smart Villages
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The second in our series of workshops designed to gather input from stakeholders involved in existing off-grid projects in Africa, Asia and Latin America. This event is workshop scheduled to be held in Malaysia for the ASEAN countries will be organised by the Academy of Sciences Malaysia (ASM) in collaboration with Universiti Malaysia Sarawak (UNIMAS).
Entrepreneurship, Innovation
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This is second chapter of Entrepreneurship and Business Planning.
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1. THE ENTREPRENEURIAL PROCESS
2. Aspects of Entrepreneurial process
3. Managerial Vs. Entrepreneurial decision making
4. CAUSES FOR INTEREST IN INTRAPRENEURIALSHIP
5. Corporate Vs. Intrapreneurial Culture
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I hope readers find this paper useful and enjoy from reading it.
Thank you
Everett wilkinson entrepreneurship and business managementEverett Wilkinson
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MBA Curriculam ggsipu Unit 1 Entrepreneurship development
1. concepts and definitions
2. role of entrepreneurship in economic development
3. factors affecting entrepreneurial growth economic and non economic
4. classification and types of entrepreneurs
5.entrepreneurial competencies
6. edp programmes
7.entrepreneurial training
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Business Valuation Principles for EntrepreneursBen Wann
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
2. INTRODUCTION
• Entrepreneurship is defined as the process of using private initiative to
transform a business concept into a new venture or to grow and
diversify an existing venture or enterprise with high growth potential.
• Entrepreneurship development (ED) refers to the process of enhancing
entrepreneurial skills and knowledge through structured training and
institution-building programmes. This accelerates employment
generation and economic development.
• Entrepreneurship development focuses on the individual who wishes to
start or expand a business.
2
3. CONCEPT OF ENTREPRENEURSHIP
• Entrepreneurship is the act of setting out on your own and starting a
business.
• It is basically communicative and management functions to mobilize
financial and material resources.
• Entrepreneurs play role in strengthening economic growth of a country
as well as speeds up modernization by doing research and development.
3
4. Benefits of entrepreneurship:
Create own destiny.
Make difference.
Reach one’s full potential.
Reap extraordinary profits.
Societal responsibility and recognition.
Opportunity to engage in work of their choice.
Drawbacks of entrepreneurship:
Uncertainty of income.
Risk of losing entire investment.
Long hours of hard work.
Lower quality of life until the business gets established.
High level of stress, complete responsibility.
4
5. THE ENTREPRENEUR
“Entrepreneur”= “to undertake”
• Cantillon described an entrepreneur as a person who pays a certain
price for a product to resale it at an uncertain price, thereby making
decisions about obtaining and using resources while consequently
assuming the risk of enterprise.
• Entrepreneurs identify an innovation to seize an opportunity, mobilize
money and management skills, and take calculated risks to open
markets for new products, processes and services.
• Four aspects of being an entrepreneur today:
Involves creation process.
Requires devotion of time and effort.
Involves rewards of being an entrepreneur.
Requires assumption of necessary risk
5
6. ENTREPRENEURIAL COMPETENCIES
• Knowledge - Mental models, Declarative knowledge, Self-insight
• Skills - Marketing, Opportunity, Interpersonal, Learning, Strategic
• Attitudes - Entrepreneurial passion, Self-efficacy, identity,
Proactiveness, Uncertainty/ambiguity tolerance, Innovativeness.
• Self-awareness a conscious knowledge of one’s own character, feelings,
motives, and desires contributes extensively to the success of an
entrepreneurial business.
• Developing strong interpersonal skills are usually more successful in
both their professional and personal lives.
• Creativity: Creating new ideas for competitive advantage, thinking of
novel ways to develop product, thinking the unthinkable, developing new
niches.
• Assertiveness is emotional ability to assert your rights, to express
yourself, and to stand up for yourself and what you believe in.
6
7. GOVERNMENT POLICIES AND SCHEMES
• National Small Industries Corporation (NSIC), National Institute of
Small Industry Extension Training (NISIET) Hyderabad, National
Institute for Entrepreneurship (NIE) Guwahati and National Institute
for Entrepreneurship and Small Business Development (NIESBD), New
Delhi.
Mahila udhyam nidhi scheme
Mahila vikas nidhi scheme
Scheme for Market Development Assistance for MSME Exporters
(MSME-MDA)
Rajiv Gandhi Udyami Mitra Yojana (RGUMY)
Assistance to States for Developing Export Infrastructure and Other
Allied Activities (ASIDE).
7
8. LAUNCHING AND ORGANISING AN
ENTERPRISE
Choose a Project Leader
Assemble the Venture Team
Conduct a Venture Audit
Identify Core Customers
Identify Core Competencies
Determine Venture Capacity
Identify Unique, Marketable Assets
Environmental scanning is a useful tool for assessing political, economic,
social, and technological factors
8
9. ENTERPRISE SELECTION
• Enterprise should be evaluated with respect to consistency with the
ongoing business to remain profitable and competitive.
• Basic strategy is become a low cost producer and compete on price,
differentiation by producing a unique product, be a service provider to
customers.
• Market assessment: It is detailed and objective evaluation of the
potential of a new product, new business idea or new investment
(environmental forces, market trends, competition, risks, opportunities,
company’s resources, and constraints).
• Failure results in wastage of resources, missed opportunities, poor
returns, substantial financial losses which may be detrimental.
9
10. SWOT Analysis
• Strengths, Weaknesses : Human resources - staff, volunteers, board
members, target population
Physical resources - location, building, equipment
Financial - grants, funding agencies, other sources of income
Activities and processes, Past experiences
• Opportunities, Threats: Future trends in your field or the culture
The economy - local, national, or international
Funding sources - foundations, donors, legislatures
Demographics - changes in the age, race, gender, culture
• Used to:
Explore new solutions to problems
Identify barriers that will limit goals/objectives
Decide on direction that will be most effective
Reveal possibilities and limitations for change
10
11. GROWTH STRATEGIES
• The effective process of Growth, Diversification and Expansion are:
Increase in Sales
Identification of New Customers or Markets
Developing New Products for Existing Customers
Developing New Product for New Customers
Merger and Acquisition
Vision strategies
VMOSA (Vision, Mission, Objectives, Strategies, and Action Plans) is a
practical planning process used to achieve short term goals while
keeping sight of long term vision.
11
12. PROFITABILITY AND CONTROL MEASURES
• Increasing profitability is one of the most important tasks of the
business managers.
• TOOLS TO MEASURE PROFITABILITY:
• Gross Profit Margin: measure of how efficient a company is at
manufacturing and distributing its products.
Gross Profit Margin = (Revenue – Cost of Goods Sold) / Revenue
• Return on Invested Capital:
ROIC = Net income / (Long-Term Debt + Equity)
• Overhead Ratio = Operating Expenses / (Operating Income + Interest
Income)
• Asset Turnover: measures how efficiently business uses its assets to
generate sales.
Asset Turnover = Total Revenue / Total Assets
12
13. Efficient organization and operations of cost control system
involves the following steps:
Setting up the targets
Measurement of the actual
Comparison of actual with targets to ascertain variances
Analysis of variance to their causes
Taking such corrective actions as are necessary to eliminate
the variations
13
14. CONCLUSION
• Entrepreneurship plays a crucial role in the growth and development of
economic system of society.
• Entrepreneurs play role in strengthening economic growth of a country
as well as speeds up modernization by doing research and
development.
• Thus, ED aims to enlarge the base of entrepreneurs in order to hasten
the pace at which new ventures are created. This accelerates
employment generation and economic development.
14
15. REFERENCES
• Fillis I. and Rentschler R. (2010), The role of creativity in
entrepreneurship, Journal of Enterprising Culture, 18(01), pp.49-81.
• Hambrick, D. (1982). Environmental scanning and organizational strategy,
Strategic Management Journal, 3(2), pp.159-174.
• Hisrich, R., Peters, M. and Shepherd, D. (2013). Entrepreneurship, 1st ed,
New York, NY: McGraw-Hill/Irwin.
• Lessem R. (1980), Creativity and Entrepreneurship, Management Learning,
11(1), pp.21-39.
• Mishra S. (1996), Factors affecting women entrepreneurship in small and
cottage industries in India, 1st ed, New Delhi: ILO.
15