2 Entrepreneurship Development
Entrepreneurship
Development
For a venture to be successful an individual should have some entrepreneurial competencies
Knowledge
Skill
Motive
Other Competencies
Initiative.
High quality of work
Looking for opportunities.
Persistence.
Quality Conscious.
Committed to work.
Problem Solver.
Self-confidence.
Efficient monitor.
Effective strategist.
DEVELOPING
COMPETENCIES
To sharpen the competencies
.Following steps are helpful.
Competency Recognition
Self- Assessment
Competency Application
Feed back
Entrepreneurship Development in India
Formation of East India Company
Tata established first steel company in 1911.
Industry policy resolution 1948
Five year plans
Industrial policy 1991
Entrepreneurship Development
Programme
EDP is designed to help person in strengthening his entrepreneurial motive and in acquiring skills and abilities necessary for playing his entrepreneurial role effectively.
EDP- Three tier approach
Developing achievement motivation and sharpening entrepreneurial traits and behaviour.
2. Guidance on industrial opportunities,incentives,facilities and rules and regulations .
3. Developing managerial and operational capabilities.
1.
Objectives of EDP
To
accelerate the process of entering in to a business.
To encourage first generation entrepreneurs who do not have any business back ground.
To develop entrepreneurial competencies of prospective entrepreneurs. To help in identification and formulation of viable projects.
To
arrange support systems.
To provide training in managerial understanding and skills.
To provide post training support.
Social responsibility and entrepreneurial discipline.
EDP Process
1.
2.
3.
4.
5.
Identification of potential and right candidates. Training and Developing entrepreneurial capabilities. Linking suitable project with each entrepreneur. Equip them with basic administrative financial and managerial capabilities.
Follow up support in
Development
For a venture to be successful an individual should have some entrepreneurial competencies
Knowledge
Skill
Motive
Other Competencies
Initiative.
High quality of work
Looking for opportunities.
Persistence.
Quality Conscious.
Committed to work.
Problem Solver.
Self-confidence.
Efficient monitor.
Effective strategist.
DEVELOPING
COMPETENCIES
To sharpen the competencies
.Following steps are helpful.
Competency Recognition
Self- Assessment
Competency Application
Feed back
Entrepreneurship Development in India
Formation of East India Company
Tata established first steel company in 1911.
Industry policy resolution 1948
Five year plans
Industrial policy 1991
Entrepreneurship Development
Programme
EDP is designed to help person in strengthening his entrepreneurial motive and in acquiring skills and abilities necessary for playing his entrepreneurial role effectively.
EDP- Three tier approach
Developing achievement motivation and sharpening entrepreneurial traits and behaviour.
2. Guidance on industrial opportunities,incentives,facilities and rules and regulations .
3. Developing managerial and operational capabilities.
1.
Objectives of EDP
To
accelerate the process of entering in to a business.
To encourage first generation entrepreneurs who do not have any business back ground.
To develop entrepreneurial competencies of prospective entrepreneurs. To help in identification and formulation of viable projects.
To
arrange support systems.
To provide training in managerial understanding and skills.
To provide post training support.
Social responsibility and entrepreneurial discipline.
EDP Process
1.
2.
3.
4.
5.
Identification of potential and right candidates. Training and Developing entrepreneurial capabilities. Linking suitable project with each entrepreneur. Equip them with basic administrative financial and managerial capabilities.
Follow up support in