ENTREPRENEURSHIP DEVELOPMENT PROGRAMMES

WHAT IS ENTREPRENEURSHIP?
It can be described as a process of action an entrepreneur undertakes to establish his enterprise. IT IS A CREATIVE ACTIVITY.

WHO IS AN ENTREPRENEUR
He is a person who start the business in search of new challenges. He convert threat into opportunity. He is creative and innovative.

Meaning of EDPS
Entrepreneurial Development Programme means a programme conducted to help a person in strengthening his entrepreneurial motive and in acquiring skill and capabilities required for promoting and running an enterprise efficiently. Designed with an aim of encouraging self employment Imparts training and motivates potential and existing entrepreneurs to start new business or diversify and expand the existing one.

Helps employment and wealth creation among educated unemployed youth Well equipped to face risks and challenges as an entrepreneur

Objectives of EDP

Develop and strengthen entrepreneurial quality, i.e., motivation or need for achievement

To analyze environmental set up relating to small

industry and promoting it.

 Know the pros and cons of being an entrepreneur

Helping the person to understand environmental

changes and opportunities Understand the process and procedure involved in setting up small units. Removing unemployment. Enhancing industrial development. Developing industrially backward region.

Role & Contribution of EDPs in India

Great role in increasing the supply of new entrepreneurs to accelerate the process of industrialization. Elimination of Unemployment & Poverty Balanced Regional Development Utilization of local resources Large scale employment can reduce unrest and violence amongst the youth as they would be gainfully employed.

Phases of EDPs
1) Pre-training phase
Identification & Selection of Entrepreneurs (written test, personal interviews) Designing of course curriculum Selection of necessary tools, techniques and arrangement of Infrastructure. Arranging Guest Speakers after finalising training syllabus.

2) Training Phase
To develop need for achievement in employees i.e motivation. Is the person mentally prepared to undertake risk and uncertainty? Does the person have the right attitude ? What kind of entrepreneurial traits the trainee lacks the most? Whether the trainee possesses the requisite knowledge of technology & resources.

3) Post training phase

Ultimate objective is to prepare the participants to start their own enterprise. This is basically the follow up phase. To see how far the objectives have been achieved. Are there any drawbacks. Suggesting guidelines for framing future policies to improve performance. Assistance in selection location of unit. Help in bringing the trainees in touch with financial institutions

ORGANIZATIONS PROVIDING EDP

National Institute for entrepreneurship and Small Business Development (NIESBUD)

Established by Government of India in 1983 An apex body for coordination and supervision on activities of various institutes engaged in entrepreneurial development Helps evolution of EDP, model syllabi, effective training strategies, methodology, manuals and tools Activities undertaken: Organize and conduct training programmes Coordinate training activities of various agencies/institutes Provide affiliation to such institutes Hold examinations and confer certificates to trainers and Entrepreneurship Management trainees

Small Industries Service Institutes (SISI)

Three months part time evening courses in management 4-6 weeks part time courses in intensive training in functional areas (marketing, finance) Special courses in quality control, HR, production planning, product development etc Mobile workshops imparting training on correct usage of tools and equipment Helps with preparation of plant layouts Helps individual firms on specific problems faced
Entrepreneurship Management

Small Industries Development Organisation (SIDO)

Runs EDP in collaboration with financial institutes, directorate of industries
Gives on the job training on shop floor (carpentry, electrical devices) Sends its officials/trainers to organisations to update their knowledge

Entrepreneurship Management