This document discusses various theories and factors related to entrepreneurship development in India. It covers several topics including the emergence of entrepreneurs in the 19th century; causes of slow entrepreneurship growth; problems faced by small entrepreneurs like lack of raw materials, financing, technology and trained personnel; factors favoring entrepreneurship like independent lifestyle and risk-taking; social factors influencing entrepreneurship like family background, social status, and caste; economic factors like government policy and availability of infrastructure; and theories of entrepreneurship proposed by Weber, McClelland, Kunkel, and Schumpeter focusing on aspects like cultural values, psychological needs, social behavior, innovation, and traits of successful entrepreneurs.
This document discusses entrepreneurship development and factors influencing entrepreneurship in India. It covers definitions of entrepreneur and entrepreneurship, characteristics and functions of entrepreneurs, theories of entrepreneurship like McClelland's theory of psychological needs and Max Weber's theory on religion and culture. It also discusses problems faced by small entrepreneurs like shortage of raw materials, financing, technology and marketing difficulties. Social and economic factors influencing entrepreneurship in India are discussed such as government policies, availability of infrastructure, institutions, family background and social status.
As per PTU Syllabus: Entrepreneurship and Micro, Small and Medium Enterprises Small scale industry, product range, capital investment, ownership patterns -Importance and role played by SSI in the development of the Indian economy - Problems faced by SSI’s and the steps taken to solve the problems - Policies governing SSI’s.
Support system and its role in entrepreneurial development in India..shadabjamia88
This is a dissertation on Support system and its role in Entrepreneurial development in India....
it was prepared by HASEEB AHMAD SHADAB, A STUDENT OF MASTER OF FINANCE AND CONTROL MFC, IN ALIGARH MUSLIM UNIVERSITY ALIGARH U.P.
1. The document discusses small scale industries (SSI) in India and their importance for employment generation and economic growth. SSIs are industries with fixed assets up to 1 crore rupees that employ hired labor and machines.
2. The government of India promotes SSIs through loans, subsidies, and guidance to entrepreneurs to address unemployment. Procedures for starting an SSI include selecting an industry, site, and preparing a scheme detailing production plans.
3. SSIs contribute significantly to employment in India and have seen rapid production growth in recent decades. The government provides various development programs and financial support to promote SSIs.
This document provides an overview of a project report on establishing a small-scale steel almirah manufacturing unit. It acknowledges those who helped with the project and provides a table of contents that outlines chapters on entrepreneurship, financial requirements, marketing, product details, manufacturing process, cost estimation, and break-even analysis. The introduction chapter defines small-scale industries in India and their importance for employment and economic growth. It also outlines the government's strategy and support for small businesses.
Entrepreneurship project on Mining industry.This project for Mechanical & Metallurgy engg. This includes its meaning,business,Different costs & calculation etc.
This document provides a literature review on strategies for entrepreneurship development in Bangladesh by unleashing the potential of small and medium enterprises (SMEs). It discusses how SMEs play an important role in employment generation and economic growth. While SMEs in Bangladesh employ many workers, they have not fulfilled their potential to foster entrepreneurship and industrialization. The document reviews global evidence on the relationship between SME development and GDP, and how SMEs can contribute to poverty alleviation. However, SMEs in Bangladesh have performed poorly in terms of growth, diversity and market expansion. The document suggests analyzing successful entrepreneurs and policies to provide recommendations for developing the SME sector in Bangladesh.
This document discusses entrepreneurship development and factors influencing entrepreneurship in India. It covers definitions of entrepreneur and entrepreneurship, characteristics and functions of entrepreneurs, theories of entrepreneurship like McClelland's theory of psychological needs and Max Weber's theory on religion and culture. It also discusses problems faced by small entrepreneurs like shortage of raw materials, financing, technology and marketing difficulties. Social and economic factors influencing entrepreneurship in India are discussed such as government policies, availability of infrastructure, institutions, family background and social status.
As per PTU Syllabus: Entrepreneurship and Micro, Small and Medium Enterprises Small scale industry, product range, capital investment, ownership patterns -Importance and role played by SSI in the development of the Indian economy - Problems faced by SSI’s and the steps taken to solve the problems - Policies governing SSI’s.
Support system and its role in entrepreneurial development in India..shadabjamia88
This is a dissertation on Support system and its role in Entrepreneurial development in India....
it was prepared by HASEEB AHMAD SHADAB, A STUDENT OF MASTER OF FINANCE AND CONTROL MFC, IN ALIGARH MUSLIM UNIVERSITY ALIGARH U.P.
1. The document discusses small scale industries (SSI) in India and their importance for employment generation and economic growth. SSIs are industries with fixed assets up to 1 crore rupees that employ hired labor and machines.
2. The government of India promotes SSIs through loans, subsidies, and guidance to entrepreneurs to address unemployment. Procedures for starting an SSI include selecting an industry, site, and preparing a scheme detailing production plans.
3. SSIs contribute significantly to employment in India and have seen rapid production growth in recent decades. The government provides various development programs and financial support to promote SSIs.
This document provides an overview of a project report on establishing a small-scale steel almirah manufacturing unit. It acknowledges those who helped with the project and provides a table of contents that outlines chapters on entrepreneurship, financial requirements, marketing, product details, manufacturing process, cost estimation, and break-even analysis. The introduction chapter defines small-scale industries in India and their importance for employment and economic growth. It also outlines the government's strategy and support for small businesses.
Entrepreneurship project on Mining industry.This project for Mechanical & Metallurgy engg. This includes its meaning,business,Different costs & calculation etc.
This document provides a literature review on strategies for entrepreneurship development in Bangladesh by unleashing the potential of small and medium enterprises (SMEs). It discusses how SMEs play an important role in employment generation and economic growth. While SMEs in Bangladesh employ many workers, they have not fulfilled their potential to foster entrepreneurship and industrialization. The document reviews global evidence on the relationship between SME development and GDP, and how SMEs can contribute to poverty alleviation. However, SMEs in Bangladesh have performed poorly in terms of growth, diversity and market expansion. The document suggests analyzing successful entrepreneurs and policies to provide recommendations for developing the SME sector in Bangladesh.
Entrepreneurship development - Venturing Small BusinessSOMASUNDARAM T
Steps involved in starting a business venture; location, clearances and permits required, formalities, licensing and registration procedures; Feasibility study (financial, technical and social) of project; Sources of Finance: Short term and Long term (Venture Capital and Angel Investing)
Entrepreneurship and Small Business: Unit No. 1amitsethi21985
As per PTU BBA Syllabus, Unit No. 1: Understanding Ownership Structure: Definition of small scale, medium scale and large scale enterprises, role of small enterprises in economic development, policies governing SMEs, Steps in setting up a small unit, Sources of finance for SME’s,
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
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.
Report on entrepreneurship karan sharmaNaveen Kumar
The document is a project report on entrepreneurship in India submitted by Karan Sharma. It discusses various factors related to entrepreneurship including what motivates entrepreneurs, socio-cultural factors, access to finance, education and innovation, and the business environment. The report finds that the principal motivation for entrepreneurs is the challenge of starting a new business. It also notes the importance of family support for entrepreneurs and the various sources of financing used, including self-financing. The report recommends recognizing and rewarding entrepreneurs to encourage more people to start businesses.
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.
This document discusses the various supporting agencies that provide assistance to small scale industries (SSI) in India at the central and state government levels. It outlines several agencies that fall under the central government, such as the MSME Board, MSME Development Institutes, and the Coir Board, and their roles in promoting and assisting small businesses. Similarly, it describes state-level supports including District Industries Centers, State Financial Corporations, and the Director of Industries and their functions in aiding small industry development. Overall, the government has established numerous agencies to facilitate credit access, provide consultancy and market assistance, and encourage growth of the small enterprise sector in India.
The document discusses small-scale enterprises and project planning for small businesses. It defines small-scale enterprises as businesses with few employees and low sales volumes. The document then discusses defining characteristics of small enterprises in different countries. It also outlines the objectives and scope of small enterprises in India and opportunities in industrial, agricultural and service sectors. The document concludes by discussing procedures for registering a small business in India and methods for project planning, including preparing project reports and using the PERT/CPM network techniques.
entrepreneurship and small business management unit ivPENDYSINGH
The document discusses various support institutions that provide assistance to small businesses in India. It describes the roles of District Industries Centres (DICs), the Small Industries Development Organization (SIDO), and the Small Industries Development Bank of India (SIDBI). DICs act as the primary agency supporting small industries at the district level. SIDO is the national agency for SME development, providing services like training, testing, and consultancy. SIDBI is the principal financial institution that promotes and finances micro, small, and medium enterprises in India.
This document discusses entrepreneurial support systems for micro, small and medium enterprises (MSMEs) in India. It outlines how enterprises are classified based on investment levels, and describes various policy initiatives, financial support schemes, and the role of District Industries Centers in promoting MSMEs. Concessions, incentives, and export promotion facilities aim to generate employment, disperse industries across areas, and earn foreign exchange through supporting small businesses.
Rural Entrepreneurship development in Bangladesh-Problems and prospects and s...Tonmoy zahid Rishad
Rural Entrepreneurship development means to develop the overall sectors such as business ,agriculture, Farm in rural areas.
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses
Entrepreneurship and project managementchumantrakali
The document discusses the roles of various financial institutions in promoting entrepreneurship in India. It describes the National Institute for Entrepreneurship and Small Business Development (NIESBUD) which aims to support entrepreneurship through training programs and materials. It also outlines the roles of the Small Industries Service Institute (SISI) and District Industries Centre (DIC) in providing technical support, information and incentives to entrepreneurs.
Institutional efforts and role of government in developing enterprenuership -...sksbatish
Entrepreneurial development programmes - as conducted by government and the governmental role in developing future entrepreneur
includes the various institutions started by govt. for development and conduct of EDP's with the aim of developing self employed to help in the progress of the country.
India has a large young population and growing middle class, representing significant opportunities for entrepreneurship. With over 400 million people under age 35 and domestic consumption doubling in many sectors, India offers both a huge domestic market as well as access to the global market. Entrepreneurship will be key to capitalizing on these opportunities, generating employment, and driving economic growth. There are already many government and private programs in place to support entrepreneurship development through training, funding, and education.
This document discusses various organizations that provide entrepreneurship development programs (EDPs) and marketing development programs (MDPs) in India, including:
- The National Institute for Entrepreneurship and Small Business Development (NIESBUD), which helps coordinate EDP activities and provides training programs.
- Small Industries Service Institutes (SISIs), which provide training programs, workshops, apprenticeships, and advice to small businesses.
- The Entrepreneurship Development Institute of India (EDI), which develops innovative training techniques and conducts EDP programs both in India and other countries.
- The Development Commissioner (Handicrafts), which assists women entrepreneurs through programs focused on
Entrepreneurship and Small Business: Unit No. 3amitsethi21985
As per PTU Syllabus BBA, Unit No. 3: Understanding Entrepreneurship: concept and definitions, entrepreneurial characteristics and skills, importance and significance of growth of entrepreneurial activity, classification and types of entrepreneurs; entrepreneurial competencies, theories of entrepreneurship, factor affecting entrepreneurial growth – economic, non-economic factors; entrepreneurial training; entrepreneurial success and failures, Ethics and Social Responsibility of an Entrepreneur.
This document discusses key aspects of starting small scale enterprises in India. It provides definitions of small enterprises and outlines important rules and regulations. It also summarizes the steps involved in starting a small business, which include selecting a suitable project and location, conducting a feasibility study, and preparing a project profile and business plan. The document highlights the role of small enterprises in economic development through job creation and increased production and exports. Overall, it serves as a guide for entrepreneurs on conceptualizing and establishing small businesses.
The document provides an overview of small scale industries in India. It discusses how small scale industries are important for employment generation and economic growth. It outlines the process for starting a small scale industry, including selecting an industry, site selection, preparing a scheme, and the various approvals required. Key agencies that provide support and financing for small scale industries at the national and state level in India are also highlighted. Overall, the document presents the background and procedures related to small scale industries in India in order to help entrepreneurs start such businesses.
This document discusses entrepreneurship development and factors influencing entrepreneurship in India. It covers definitions of entrepreneur and entrepreneurship, characteristics and functions of entrepreneurs, theories of entrepreneurship like McClelland's theory of psychological needs and Max Weber's theory on religion and culture. It also discusses problems faced by small entrepreneurs like shortage of raw materials, financing, technology and marketing difficulties. Social and economic factors influencing entrepreneurship in India are discussed such as government policies, availability of infrastructure, institutions, family background and social status.
This document discusses entrepreneurship and the role of institutions in supporting entrepreneurs. It defines entrepreneurship as identifying opportunities, arranging resources to pursue opportunities, and exploiting opportunities for gain while assuming risk. Successful entrepreneurs exhibit traits like confidence, innovation, risk-taking, and passion. Institutions can promote entrepreneurship through policies, regulations, and facilitating access to resources like capital, infrastructure, markets, training, and awareness campaigns. The institutional support is crucial for new ventures to access necessary resources and succeed.
Entrepreneurship development - Venturing Small BusinessSOMASUNDARAM T
Steps involved in starting a business venture; location, clearances and permits required, formalities, licensing and registration procedures; Feasibility study (financial, technical and social) of project; Sources of Finance: Short term and Long term (Venture Capital and Angel Investing)
Entrepreneurship and Small Business: Unit No. 1amitsethi21985
As per PTU BBA Syllabus, Unit No. 1: Understanding Ownership Structure: Definition of small scale, medium scale and large scale enterprises, role of small enterprises in economic development, policies governing SMEs, Steps in setting up a small unit, Sources of finance for SME’s,
Entrepreneurship development - Micro Small and Medium EnterprisesSOMASUNDARAM T
Meaning; Definition; Types; product range; capital investment; ownership patterns; Importance and role played in the development of the Indian economy; Problems and Remedies; Sickness in MSME’s; Meaning and definition of a sick industry; Causes of industrial sickness; Preventive and remedial measures for sick industries.
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.
Report on entrepreneurship karan sharmaNaveen Kumar
The document is a project report on entrepreneurship in India submitted by Karan Sharma. It discusses various factors related to entrepreneurship including what motivates entrepreneurs, socio-cultural factors, access to finance, education and innovation, and the business environment. The report finds that the principal motivation for entrepreneurs is the challenge of starting a new business. It also notes the importance of family support for entrepreneurs and the various sources of financing used, including self-financing. The report recommends recognizing and rewarding entrepreneurs to encourage more people to start businesses.
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.
This document discusses the various supporting agencies that provide assistance to small scale industries (SSI) in India at the central and state government levels. It outlines several agencies that fall under the central government, such as the MSME Board, MSME Development Institutes, and the Coir Board, and their roles in promoting and assisting small businesses. Similarly, it describes state-level supports including District Industries Centers, State Financial Corporations, and the Director of Industries and their functions in aiding small industry development. Overall, the government has established numerous agencies to facilitate credit access, provide consultancy and market assistance, and encourage growth of the small enterprise sector in India.
The document discusses small-scale enterprises and project planning for small businesses. It defines small-scale enterprises as businesses with few employees and low sales volumes. The document then discusses defining characteristics of small enterprises in different countries. It also outlines the objectives and scope of small enterprises in India and opportunities in industrial, agricultural and service sectors. The document concludes by discussing procedures for registering a small business in India and methods for project planning, including preparing project reports and using the PERT/CPM network techniques.
entrepreneurship and small business management unit ivPENDYSINGH
The document discusses various support institutions that provide assistance to small businesses in India. It describes the roles of District Industries Centres (DICs), the Small Industries Development Organization (SIDO), and the Small Industries Development Bank of India (SIDBI). DICs act as the primary agency supporting small industries at the district level. SIDO is the national agency for SME development, providing services like training, testing, and consultancy. SIDBI is the principal financial institution that promotes and finances micro, small, and medium enterprises in India.
This document discusses entrepreneurial support systems for micro, small and medium enterprises (MSMEs) in India. It outlines how enterprises are classified based on investment levels, and describes various policy initiatives, financial support schemes, and the role of District Industries Centers in promoting MSMEs. Concessions, incentives, and export promotion facilities aim to generate employment, disperse industries across areas, and earn foreign exchange through supporting small businesses.
Rural Entrepreneurship development in Bangladesh-Problems and prospects and s...Tonmoy zahid Rishad
Rural Entrepreneurship development means to develop the overall sectors such as business ,agriculture, Farm in rural areas.
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses
Entrepreneurship and project managementchumantrakali
The document discusses the roles of various financial institutions in promoting entrepreneurship in India. It describes the National Institute for Entrepreneurship and Small Business Development (NIESBUD) which aims to support entrepreneurship through training programs and materials. It also outlines the roles of the Small Industries Service Institute (SISI) and District Industries Centre (DIC) in providing technical support, information and incentives to entrepreneurs.
Institutional efforts and role of government in developing enterprenuership -...sksbatish
Entrepreneurial development programmes - as conducted by government and the governmental role in developing future entrepreneur
includes the various institutions started by govt. for development and conduct of EDP's with the aim of developing self employed to help in the progress of the country.
India has a large young population and growing middle class, representing significant opportunities for entrepreneurship. With over 400 million people under age 35 and domestic consumption doubling in many sectors, India offers both a huge domestic market as well as access to the global market. Entrepreneurship will be key to capitalizing on these opportunities, generating employment, and driving economic growth. There are already many government and private programs in place to support entrepreneurship development through training, funding, and education.
This document discusses various organizations that provide entrepreneurship development programs (EDPs) and marketing development programs (MDPs) in India, including:
- The National Institute for Entrepreneurship and Small Business Development (NIESBUD), which helps coordinate EDP activities and provides training programs.
- Small Industries Service Institutes (SISIs), which provide training programs, workshops, apprenticeships, and advice to small businesses.
- The Entrepreneurship Development Institute of India (EDI), which develops innovative training techniques and conducts EDP programs both in India and other countries.
- The Development Commissioner (Handicrafts), which assists women entrepreneurs through programs focused on
Entrepreneurship and Small Business: Unit No. 3amitsethi21985
As per PTU Syllabus BBA, Unit No. 3: Understanding Entrepreneurship: concept and definitions, entrepreneurial characteristics and skills, importance and significance of growth of entrepreneurial activity, classification and types of entrepreneurs; entrepreneurial competencies, theories of entrepreneurship, factor affecting entrepreneurial growth – economic, non-economic factors; entrepreneurial training; entrepreneurial success and failures, Ethics and Social Responsibility of an Entrepreneur.
This document discusses key aspects of starting small scale enterprises in India. It provides definitions of small enterprises and outlines important rules and regulations. It also summarizes the steps involved in starting a small business, which include selecting a suitable project and location, conducting a feasibility study, and preparing a project profile and business plan. The document highlights the role of small enterprises in economic development through job creation and increased production and exports. Overall, it serves as a guide for entrepreneurs on conceptualizing and establishing small businesses.
The document provides an overview of small scale industries in India. It discusses how small scale industries are important for employment generation and economic growth. It outlines the process for starting a small scale industry, including selecting an industry, site selection, preparing a scheme, and the various approvals required. Key agencies that provide support and financing for small scale industries at the national and state level in India are also highlighted. Overall, the document presents the background and procedures related to small scale industries in India in order to help entrepreneurs start such businesses.
This document discusses entrepreneurship development and factors influencing entrepreneurship in India. It covers definitions of entrepreneur and entrepreneurship, characteristics and functions of entrepreneurs, theories of entrepreneurship like McClelland's theory of psychological needs and Max Weber's theory on religion and culture. It also discusses problems faced by small entrepreneurs like shortage of raw materials, financing, technology and marketing difficulties. Social and economic factors influencing entrepreneurship in India are discussed such as government policies, availability of infrastructure, institutions, family background and social status.
This document discusses entrepreneurship and the role of institutions in supporting entrepreneurs. It defines entrepreneurship as identifying opportunities, arranging resources to pursue opportunities, and exploiting opportunities for gain while assuming risk. Successful entrepreneurs exhibit traits like confidence, innovation, risk-taking, and passion. Institutions can promote entrepreneurship through policies, regulations, and facilitating access to resources like capital, infrastructure, markets, training, and awareness campaigns. The institutional support is crucial for new ventures to access necessary resources and succeed.
Unit 12 Managing New Ventures and Entrepreneurship.pptxPrabin Pandit
1. The document discusses various concepts related to entrepreneurship including defining entrepreneurship as strategic risk-taking that results in new opportunities, and entrepreneurs as risk-taking individuals who pursue opportunities others may not see.
2. It also summarizes the process of entrepreneurship as involving creativity, innovation, and launching one's own venture which requires assuming risks to earn rewards.
3. The role of entrepreneurship in society is outlined as generating employment, contributing to GDP, improving economic efficiency, increasing the scope of economic activities, and impacting local communities through regional development and industrialization.
This document provides information on starting a small scale industry in India. It discusses the key steps, which include conducting market research, selecting a product and site, preparing a detailed scheme, obtaining necessary approvals, and registering with the Directorate of Industries. It also outlines the various government agencies that provide financial support at the national and state level, including the Small Industries Development Bank of India (SIDBI) and State Financial Corporations. The document gives an example process flow chart for manufacturing automobile control cables in a small scale industry.
The documents discuss various factors that affect entrepreneurial growth and business opportunities. Some key factors include the economic, social, cultural, psychological, technological, and political environments. A proper feasibility analysis should consider the economic, technical, financial, and market viability of a potential business opportunity or idea. Location selection is also important and involves analyzing demographic trends, competition, traffic patterns, and costs associated with different site options. The objective is to select a location that minimizes costs while allowing for smooth business operations and access to resources and customers.
Presentation given by Tarun Agarwal to Indian Merchants Chamber (IMC), India's foremost think-tank, on Economic Development for Small & Medium Entreprises (SMEs).
Do read, you will surely find some aspects of it provocative.
It tries to showcase also the need to have an integrated economic development plan where all segments of society work together - Can the SMEs succeed without the support of its employees, vendors, information technology, big businesses, government agencies? The answer is no.
Icon Business Forum is has mobilized of strategy consultants, investment bankers, celebrities, writers, industry chambers to usher in a wave of collective economic development.
This document provides information on setting up a new business enterprise and exploring business opportunities. It discusses evaluating business ideas and opportunities, factors to consider in selecting an appropriate business form, and the legal requirements for incorporation of a company. The key steps outlined are identifying market needs, assessing feasibility of ideas, preparing a business plan, mobilizing resources, and completing necessary procedural formalities. Limitations of different forms of organization and importance of understanding the external environment are also highlighted.
This document discusses management issues facing MSMEs (Micro, Small and Medium Enterprises) in India. It identifies the major problems as technology obsolescence, human resources, infrastructure, marketing and export, increasing competition, raw materials and products, and credit or finance. For each issue, it provides suggestions such as demonstrating the value of technology adoption, increasing skilled manpower, improving basic infrastructure like roads, strengthening marketing networks, forming unions to set minimum product prices, and properly planning and applying for loans to access financing. The conclusion states that MSMEs can grow if they utilize available resources, government schemes, and follow the suggestions provided in the document.
The document discusses entrepreneurship and its role in economic development. It defines entrepreneurship as undertaking innovations and transforming them into economic goods. Entrepreneurs take risks and play a significant role in creating jobs, developing new technologies, and solving social problems. Their activities help generate wealth and drive economic growth. The document also outlines several ways in which entrepreneurship contributes to economic development, such as through employment generation, increasing national income, promoting regional development, and improving standards of living. Intrapreneurship within organizations is also discussed as a form of internal entrepreneurship.
This document provides an introduction and overview of small scale industries (SSI) in India. It discusses the importance of SSI for growth and employment. It outlines the typical process for starting an SSI, including selecting an industry, site, and preparing a scheme. It also discusses entrepreneurs, their characteristics and functions. Finally, it describes the various agencies that provide assistance and development programs for SSI at the national and state level.
The document discusses the role of government in promoting entrepreneurship. It outlines various ways the government supports entrepreneurs, including providing financial assistance, training programs, marketing assistance, promotional schemes, credit facilities, and policies to support small and medium enterprises. The government aims to develop a culture of entrepreneurship through integrating it into education, encouraging risk-taking, and national campaigns.
1. The document discusses the meaning, need, and factors affecting entrepreneurship. It defines entrepreneurship as the process of designing, launching, and running a new business to generate profit, while bearing risks.
2. The need for entrepreneurship includes job creation, innovation, community development, integration of outsiders, and enhancing standards of living. Economic factors like capital, labor, raw materials, market, and infrastructure influence entrepreneurial development.
3. Social factors such as caste, family system, and values & beliefs also impact entrepreneurship by shaping people's basic norms and behaviors.
Small-scale industries in India face several typical problems including lack of adequate financing, difficulties procuring raw materials, limited managerial skills, inability to pay competitive wages, weak marketing abilities, challenges maintaining quality standards, low capacity utilization rates, outdated technology, high rates of sickness, and intense global competition. The government has sought to aid small businesses through loans, land, guidance and promoting entrepreneurship to address unemployment and help economic growth.
This presentation helps you in knowing the difficulties faced by entrepreneurs especially in India and the remedies available for their problems.
Hope you guys will benefit from it.
The document provides an introduction to small scale industries (SSI) in India. It discusses how SSI are important for employment generation and economic growth. It then outlines the typical process for starting a small scale industry, including selecting an industry, site selection, preparation of a business plan, and financial requirements. Key agencies that support SSI development at the national and state level are also introduced. The document emphasizes how SSI can help address issues of unemployment and population growth in India. It provides statistics on employment and production growth in the SSI sector.
This document discusses entrepreneurship and provides information about entrepreneurs and their characteristics. It begins by defining entrepreneurship and describing the different types of entrepreneurial activities and organizations that support entrepreneurs. It then discusses the stages of evolution of entrepreneurship from hunting and pastoral stages to the current industrial stage. The document also differentiates between entrepreneurs and intrapreneurs as well as entrepreneurs and managers. Finally, it outlines several key attributes of successful entrepreneurs such as having a vision, belief in themselves, a clear plan, focus on customers, thinking creatively, and building a strong team.
The document discusses various ways to classify entrepreneurs. They can be classified based on the type of business, such as business entrepreneurs, trading entrepreneurs, industrial entrepreneurs, corporate entrepreneurs, and agricultural entrepreneurs. They can also be classified based on their use of technology, such as technical entrepreneurs, modern technology-based entrepreneurs, and traditional entrepreneurs. The key classifications of entrepreneurs discussed in the document are based on the sector or industry they operate in and the level of technology they adopt.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
Reimagining Your Library Space: How to Increase the Vibes in Your Library No ...Diana Rendina
Librarians are leading the way in creating future-ready citizens – now we need to update our spaces to match. In this session, attendees will get inspiration for transforming their library spaces. You’ll learn how to survey students and patrons, create a focus group, and use design thinking to brainstorm ideas for your space. We’ll discuss budget friendly ways to change your space as well as how to find funding. No matter where you’re at, you’ll find ideas for reimagining your space in this session.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Training: ISO/IEC 27001 Information Security Management System - EN | PECB
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How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
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How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
Unit 1( e.d)
1. Entrepreneurship Development-
Emergence of entrepreneurial class- we know very well
that an entrepreneur self-motivated and talented who
are engaged in the development of new enterprises. In
19th
century an entrepreneurs included those person
who bore (whole) risk for future uncertainty of profits
in new ventures.
Differences between the entrepreneurs and capital
suppliers is that, an entrepreneur earned profits from
taking risk of forming new venture called
entrepreneurs, and capital suppliers those people who
earned profits by supplying capital. During 20th
century, those people who not only take risk of
creating a new venture but also innovate new useful
products, technology, markets,etc .
2. Causes of slow growth of entrepreneurship-
1)In India traditional attitude.
2)Discourages full utilisation of human capital.
3)Individualistic spirit is absent.
4)Lack of infrastructural facilities.
Some of the major problems of small entrepreneurs-
1) Shortage of raw-material and power- in India the
small scale industries suffered from accurate
shortage of basic raw materials. For exp-
handloom industries totally depend up on the
supply of yarn which is generally in short supply,
and also lack of reliability in the quality of raw
material in the market.
3. And shortage of power is the another factors. We
know very well that all the small firms can not
afford their own generator set to continue
production during the period of non- supply of
power.
2) In adequate financial resources- each and every
business needs sufficient funds to finance the
purchase of plant & machinery, building,
materials etc.and also day to day expenses
including- wages, rent, power, water charges,
administrative & selling expenses. some times
small firms can not able to raise sufficient money
for all expenses. In this condition shortage of
funds must create shut-down the business.
4. The step taken by the central/state govt. to
provide short-term and long term credit to
small –scale sectors have not proved to be
adequate.
3) Lack of technology- most of small firms are
using old techniques of production. Reason
behind that they do not afford new techniques.
Which are necessary for production, they are
not in position to use latest technology for
production. so the cost of production of small
units is higher than large scale units. Profit
margin of small units is usually low due to
they can not compete with large scale units.
5. 4) Lack of trained personnel- small industrial
units get the personnel rejected by the large
scale units. There is a lack of entrepreneurs
with the knowledge and vision who can see
development. Need the personnel with
adequate managerial skills and qualities, if
such type personnel available then they look
for better opportunities in the large scale
industries.
5) Difficulties in marketing- in this case small
firm can face different types of difficulties
like- their cost of production is higher so they
can not have their marketing dept.
6. Some times small firms manufacture goods
which are not uniform quality. They are not
follow the standard because they are not
producing quality products.
6) Imperfect management- in most of the small
enterprises, ownership, and mgt. function are
not separated. It is generally happens that the
person who finance the business but does not
have skills- planning, organising, and
controlling of various operations. no proper
division of work in small units. Managing is
no more a simple job, its requires a lot of
knowledge and training which are not happen
in case of small business.
7. Factors favouring entrepreneurship-
1)Independent way of life- the entrepreneur has
choice/desire to create more money in business
than in fixed salary job. He can earn/create good
status/livelihood independently instead of
working any where as a employee either govt. or
private enterprise. He want to own boss and does
not want to carry out the orders of others.
2)Achievement orientation- a person should
ambitious and hard-working and he
observe/analysis that his skills/quality/talents can
not be fully utilised in his present job. The higher
achiever go for independent business.
8. 3) Implementation of ideas- a person
create/implement his ideas in product and
become an entrepreneur. He may find out that
existing product/services is in short-supply and
he can supply better products or services than
those offered by the existing business. Start a
business unit of his own.
4) Insecurity of job- a person might be an
entrepreneur because he does not feel secure in
his present job or he may believe that his
employer is likely to wind up his business.
9. 5) Family business- if a graduate or diploma
holder has the background of a business
family, he may think of setting up his own
business after some training and experience.
6) Risk-taking- one who is avoiding the risk, can
never become an entrepreneur. The major
characteristic of a businessman is willingness
to take risk. The nature of risk would be vary
business to business. And it should be
calculated in advance. The risk taking spirit
influences him to become an entrepreneur.
10. 7) Govt. economic policy- govt. policies also
influences a person to start a new
entrepreneurs if he understand that the
infrastructural facilities/ financial assistance
provided by the state/ central govt. are than
well paid white collar jobs. it is influences
availability of finance, land, accessibility of
customers, suppliers, transport and economic
and political stability of a country are the
factors that stimulate entrepreneurship.
11. Entrepreneurship & social factors in India-
1)Family background- family background create
impact the entrepreneurial environment. Joint
family or nuclear family have their own
advantages and disadvantages. More sentimental
attachment in between joint family member as
compare to nuclear family but nuclear family has
more sentiment as compare to western countries.
The environment of the family also influences the
entrepreneurship. If the father is the professional
or businessman, then the son is more likely to
adopt the same occupation because of certain
inherent advantages by his father being in the
same line.
12. 2)Social status- every human being aspires (hope,
dream) for a high social status and once he
achieves, then aspirations and desires for it start
getting multiplied. People protecting &
developing their status .people work hard to
maintain their status as it also contributes to their
entrepreneurial growth.
3) Caste & religion- it is a contributory factors of
entrepreneurial growth. Entrepreneurial traits do
not belong to specify caste rather than
entrepreneurs emerge from varied communities.
But sociologist still claim that caste and religions
do have an impact on the environment. Exp-
parsis of Maharashtra, jain of Rajasthan & Gujarat
involve in entrepreneurial activity.
13. 4) Social mobility- it is depend up on the degree
of social & geographical mobility and the
nature of mobility channels with in a system.
McLennan's define that high degree of social
mobility would help in the emergence of
entrepreneurship. But Hagen’s belief that lack
of mobility possibilities promote
entrepreneurship. Brozen’s define that the
system should be neither be too flexible nor
too rigid. Social mobility does not work in the
system in isolation but these are many other
factors which influence the entrepreneurial
environment.
14. Entrepreneurship and economic factors in India-
1)Govt. policy towards entrepreneurs- the central
govt. has taken the different decision for the
growth and development of entrepreneurship-
a)Maintain proper distribution of economic
power between both player ( private & public
sectors).
b)To encourage entrepreneurship by different
promotional program me.
The govt. has taken the no. of measure to solve
the problems of small entrepreneurs in
industrial policies-
15. a) Reservation in production for the small scale
sector. The large scale could not produce these
items.
b) Giving concession to the small scale industries.
c) Purchase by govt. dept. produced product by
the small industries.
d) Proper supply of raw material.
e) Establish common testing facilities at the
centre's point for the group of small scale units.
f) Preference in land location and power
connection to small scale units & producing
power at concessional rates.
16. 2)Institutional finance- financial assistance boosts
the self-confidence of young entrepreneurs, to
set up their units. The institutions and banks also
provide facilities in the form of finance,
consultancy, purchase of land, fixed assets, etc.
the govt. of various states have defined various
scheme which grant finance to the entrepreneurs
at the low rate of interest (SIDBI).
3)Availability of raw material- shortage of raw
material create bad impact on the small scale
units, shortage of raw material, inferior quality,
with raw material would come up. The more
favorable condition of raw materials are better, it
would be influence entrepreneurial emergence.
17. 4)Availability of machinery- the entrepreneurs do
not have huge money to invest in machinery. In
this condition govt. assist to the entrepreneurs.
NSIC (the national small industries corporation
ltd.) supplies machinery & equipment to small
enterprise on hire basis. And also guide them in
procuring govt. orders for various items of stores.
5)Marketing facilities- if the entrepreneur does not
know about the marketing technique then he
could not survive in the market. In this condition
the govt. has taken steps to solve the marketing
problems of small entrepreneurs. The govt.
establish quality control centre for the small units
and govt. also introduced to all dept. to given
preference to small scale units while making
procurement of goods. And govt. also supporting
small units to export their products.
18. 6)Industrial estates- it is defined as an area
developed systematically for setting industrial
units by the entrepreneurs in accordance with
the industrial policy of the govt.
The objective of industrial estates-
a)Promotion MSME size industrial units in
undeveloped and less developed areas.
b)Achievement of balanced regional
development .
c)Removal of concentration of industries in big
idea of industrial estate comes from u.k. and
some other developed countries.
19. It is known by different name like- industrial
parks, industrial tracts, organised industrial
districts.
In India developing industrial estate in different
place in country.
20. Theories of entrepreneurship-
1)Max Weber's theory- max Weber's defined that
entrepreneurial growth dependent upon ethical
value system of the society concerned. This
theory is also provides an analysis of religion and
its impact on entrepreneurial culture.
Its define rapid industrial growth depends upon
rational use of technology, acquition of money
and its rational use for productivity and
multiplication of money.
Max Weber, analysed religion and its impact on
entrepreneurial culture, according to him the
spirit of capitalism type/shapes attitude towards
21. Involved in it. This spirit of capitalism can be
generated only when mental attitude in the
society is favorable to acquisition of wealth in
India. But it has been critised by subsequent
researcher on the ground that it was based on
the following assumption which are invalid-
a)There is a single system of Hindu values.
b)The Indian community internalised those values
and translated them to day to day behavior.
22. 2)McClelland’s psychological theory- according to
this theory entrepreneurship is most likely to
generate when a society has sufficient supply
of individuals possessing particular
psychological feature. This theory is develop
psychological roots of entrepreneurship, basic
human motive drive individual towards
entrepreneurial activities-
He identify the following types of needs-
a)Need for achievement- a drive to excel,
advance, growth.
b)Need for power- a drive to influence others
and situations.
23. c)Need for affiliation-a drive for friendly and close
interpersonal relationship.
Need for achievement- some people have a desire
to do something better or more efficiently than it
has done before. McClelland found that higher
achiever differentiate them self from others.
Higher achievers prefer the challenges of working
at a problem and accepting the personal
responsibilities for success or failure, rather than
leaving the outcome to chance.
Need for power-in this condition to be influential
and control others. Individual high in need for
power enjoy being “in charge” power motivated
people to wish to create an impact on their -
24. Organisation and are willing to take risk to do so.
Need for affiliation- it is derived as the desires to be
liked and and accepted by others. it is the need for
human association, individual with a high affiliation
motive strive for friendship, prefer cooperative
situation rather than competitive. A desire
relationship involving a high degree of mutual
understanding.
McClelland found that combination of moderate to
high need for power and a lower need for affiliation
enables people to be effective entrepreneurs. they
can use power to influence and control others
behavior and make crucial decision.
According to this theory entrepreneurs are actuated-
25. (activated) by a high need for achievement. They
like to take risk. They are highly motivated by
challenging and competitive work situations.
3)Theory of social behavior- Kunkel, presented a
behavioral model of entrepreneurship. This
model is concerned with the activities of
individuals and their relation to the previous and
present surrounding.
According to this theory an individual perform
various activities of which some are accepted by
the society, which other are not. And who are
accepting its create self-motivation to repeating-
26. It again. This pattern of social behavior is
entrepreneurial behavior.
The supply of entrepreneurship depend upon four
structure in the society-
a)Limitation structure- the society limits specific
activities and this limitation structure affects all
the members including entrepreneurs of a
society.
b)Demand structure- material rewards are
necessary to lay the foundation of future social
gains. Behavior of people can be made
entrepreneurial by manipulating certain selected
components of the demand structure.
27. c)Opportunity structure- it is define availability of
capital management and technological skills,
information concerning production methods,
labour and markets. This structure is required to
increase the probability of entrepreneurial
activity.
d) Labour structure- it is concerned with the supply
of competent and willing labour. The supply of
labour is governed by several factors such as
available alternative.
The major drawback of this theory is its assumes
ideal structure for supply of entrepreneurs.
Entrepreneurship is governed by the specific
combination of situational factors which are -
28. Generally not available in the environment.
4) X-Efficiency theory- many firms face the
problem of inefficient utilisation of various inputs
or resources. An entrepreneurs come forward
and identify inefficiencies in the utilisation of
various resources according to “Liebenstein, the
most significant feature of entrepreneurship is
GAP filling. It is job of the entrepreneurs to fill the
gap or make up deficiencies which always exist in
the knowledge about the production function,
utilisation of various resources.
29. The gap or deficiencies comes in production
because all the inputs in the production can not
be marketed. Exp-(motivation and leadership)
5)Hoselitz sociological theory- it is define that an
entrepreneurship is most likely to emerge under
a specific social culture. They feel that culture
values and role, expectation are responsible for
the emerge of entrepreneurship.
Hoselitz (1964) formulated his socio-cultural theory
on the assumption that certain persons are
creative power in any cultural or social group and
they develop different attitudes.
30. Entrepreneurship can be developed in a society in
which cultural norms.
Hoseletz define that the entrepreneurship can
develop in society when its culture permits a
variety of choice and where social process are
not rigid, encourage the development of
personalities interested in enterprise & the
suggested marginal groups promote
entrepreneurship and economic development.
6)Trait theory of entrepreneurship-according to
F.A. Walker an entrepreneur is one who is
participates more than average capacities in the
task of organising and coordinating factors of
production
31. An entrepreneur is a leader, and a captain of the
firm. For the success of an enterprises/ business/
profits. It is totally depend upon the
entrepreneur efficiency and superior talents. As
on entrepreneur, an individual must have certain
feature of personality like- creativity, self-
confidence, risk taking, imagination, etc. the
major feature responsible for the emergence of
entrepreneurs include- creative and innovative
skills, ability to building an organisation.
7)Schumpter’s innovation theory- Joseph
scumpter’s described “one who seeks to reform
the pattern of production by exploiting an
innovation. Possibilities for production of new -
32. Commodity or producing an old in a new way, by
opening up a new source of supply of material or
a new outlet of products.
According to schumpeter, an entrepreneur is one
who innovates, raises money, organise talent,
provides leadership, and sets the organisation.
Schumpters also define the difference between
inventors and innovator.
Inventor- discover new methods and raw material .
Innovator- utilises discovers in order to make new
combination.
This theory based on following assumption-
a) Existence of sufficient availability of capital.
33. b)Existence of developed banking system to avoid
scarcity of capital.
c) Existence of a high level developed technology.