This document discusses the importance of planning, monitoring, evaluation and follow up in managing entrepreneurship development programs and competition. It outlines the key steps in planning including defining tasks, identifying resources, considering alternatives and creating and working the plan. It also discusses the importance of monitoring, evaluating, and following up on programs to ensure goals are achieved and problems addressed. Finally, it describes phases of entrepreneurship development programs including pre-training, training, and post-training phases aimed at developing entrepreneurial skills and supporting new businesses.

1. Importance of planning, monitoring,
evaluation and follow up; managing
competition; enterpreneurship devlopment
programs.

2. Planning
1. Planning is the first of management. It precedes all other
management functions. Planning is a thinking process.
2. It involve setting of goals, objectives & deciding the line of
the actions. This establishes the relationship between actions
& objectives.
3. Planning helps manager to look into future. It is all pervasive
& continuous process. It is thinking before doing . Planning
helps manager to bridge the gap between present & future .
4. It provides foundation to the management process which is
supported by the other functions organizing, directing,
communicating & controlling.

3. Types of Plans
1. Short range plan:- The plan having a time period for or up
to one year.
2. Medium range plan:- The plan having a time period for
more then one year & less then five years.
3. Long range plan:- The plan having a time period for five
years or more .

4. Nature of Planning
1. Planning is a intellectual process.
2. planning is goal-oriented.
3. Planning is all pervasive.
4. Planning facilitates efficiency.
5. Planning is the primary function.
6. Planning is flexible.
7. Planning involves choice & decision making.
8. Planning is a Continuous Process.

5. Principal step in planning
1.DEFINE THE TASK
2.IDENTIFY RESOURCES
3.CONSIDER ALTERNATIVES

6. 4.CREATE THE PLAN
5.WORK THE PLAN
6.EVALUATE

8. Monitoring
• Monitoring is the routine assessment (e.g.
daily/monthly/ quarterly) of information or
indicators of ongoing activities.
• Monitoring is recoding Whether right thing is
being delivered to the right people at the right
time in a right way (process)”.
• Monitoring is continuous prosess help project
staff to know how things are going, as well as
giving early warning of possible problems and
difficulties.

9. Evaluation
• It is an periodic assessment of an ongoing or recently
completed project relevance, performance, efficiency,
& impact (both expected and unexpected) in relation
to stated objectives.
 It will provide evidence of why targets and outcomes
are or are not being achieved and addresses issues of
causality.
 evaluation is carried out to:
Determine the effectiveness Did the project achieve
its planned purpose?
Determine significance : Did the project make a
substantial contribution to development?
Measure efficiency : Did we achieve a satisfactory
cost/benefit ratio; could we have accomplished our
purpose at a lower cost?

10. IMPORTANCE OF MONITORING AND
EVALUATION
1. Provide constant feedback on the extent to which the
projects are achieving their goals.
2. Identify potential problems at an early stage and propose
possible solutions.
3. Monitor the accessibility of the project to all sectors of the
target population.
4. Monitor the efficiency with which the different components
of the project are being implemented and suggest
improvements.
5. Evaluate the extent to which the project is able to achieve its
general objectives.

11. Continue
6. Provide guidelines for the planning of future projects.
7. Influence sector assistance strategy. Relevant analysis from
project and policy evaluation can highlight the outcomes of
previous interventions, and the strengths and weaknesses of
their implementation.
8.Improve project design.
9.Show need for mid-course corrections. A reliable flow of
information during implementation enables managers to
keep track of progress and adjust operations to take account
of experience.

12. FOLLOW UP & MANAGING
COMPETITION
• Follow-up refers to responding to business queries, inquiries, and
complaints if your business is relative new. Many businesses fail
soon after they are launched only because they didn’t offer good
customer support along with their products and services.
• Every customer has unique needs and as a smart entrepreneur, it’s
your job to find out what customers expect from your products as
well as your company.
• Your customers are the ones who can make or break your
reputation in the market. To keep your customers happy and enjoy
a long-term relationship built on trust and confidence, you must
address all of these needs.
• Happy and satisfied customers are your biggest asset - and often
they are also the ones that promote your business in incredible
ways by referring your products and services to others in their
social circle.

13. • Managing competition is a process of gathering
information on who competitors are, what they are
doing, and how their actions will affect your
organization.
• Principles of managing competition:
 Spot early opportunities.
 Develop a deeper understanding of the customer -
national and international .
 Keep track of the competitors.
 Identify current trends which would shape the
future.

14. ENTREPRENEURSHIP DEVELOPMENT
PROGRAMMES (EDPs)
• Enterpreneurship devlopment programme means a
programme designed to help a person in strengthing
his enterpreneurial motive and in acquiring skill and
capabilities necessary for playing his enterpreneurial
role effectively.
• In other word a EDP is primarily concernred with
devloping and motivating enterpreneurial talent and
growing him to be an effective enterpreneur.
• EDP has an important role to play in solving the
unemployment problem.

15. Indian EDP model
• A persons can be turned into successful entrepreneurs
though well-designed training programmes conducted by
the Entrepreneurship Development institutes.
• Institutes like SISI, NISIET, SIDO and TCOs came forward
conduct EDPs and national level organizations like
Entrepreneurship Development Institute (EDI) of India,
Ahmedabad conduct EDP programme.
• According to a study conducted by NIESBUD, at present,
as many as 686 odd organizations, including the state
level organizations like IEDs/CEDs, are organizing EDPs in
the country.

16. Objectives of EDPs:
• The important objectives of Entrepreneurship Development
Programmes (EDPs) can be stated as follows:
a) Accelerating industrial development by enlarging the
supply of entrepreneurs.
b) Developing entrepreneurial qualities and motivating the
prospective entrepreneurs to achieve the goal.
c) Enhancing the growth of small-and medium-scale
enterprise sectors which offer better potential for employment
generation and dispersal of industrial unit.

17. Objective of EDP
d) Providing productive self-employment avenues to a large
number of educated and low educated young men and women
coming out of schools and colleges.
e) Improving performance of small-and medium-scale industries
by the supply of carefully-selected and trained entrepreneurs
and diversifying sources of entrepreneurship.
f) Enterprise development in rural and no-industry areas where
local entrepreneurship is not really available and entrepreneurs
from nearby towns are not easily lured

18. PHASES OF EDPs
The EDPs normally pass through following
three important phases:
 Pre-training phase.
 Training phase.
 Post-training or follow-up phase.

19. 1)Pre- training phase
• This phase include the activities and preperation
required to launched the programmae. The main
activities are:
 Creation of infrastructure for traing.
 Preperation of training syllabus.
 Arrangement for inaugeration for programme.
 Desiging tool and techniquies.
 Publicity compaign for the programme.
• So that pre training phase involves the identification and
selection of potential enterpreneur and providing initial
motivation to them.

20. 2)Training and devlopment phase
• During this phase the training programme is implemented to
devlope motivation and skill among the participitant.
• The objective of this phase is to bring desirable changes in
the behaviour of the trainees.
• The trainee have to judged how much, how far the trainees
have moved in their enterpreneurial pursuits.
3)Post training phase or follow- up phase:
This phase involves assessement to judge how far the objectives of
the p-rogramme have been achieved. In this phase infrastructure
support, counselling and assistance in establishing new enterprise
and in devloping the existing units can also be reviewed.