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DEVELOPMENT OF

ENTERPRENEURSHIP
Meaning:
Importance:
 Dealing with uncertainty
 Innovation
 Job creation
 Number of new start ups
 Managing resources
 Productivity
 Capital formation
 Economic growth
Functions:
 Planning,
 Risk and uncertainty
 Organization builder
 Managing
 Decision making
 Innovation
Merits:
 Intelligence and Mental Ability
 Clear Objectives
 Business Secrecy
 Human Relation
 Communication
 Energetic
Motivation:
“Motivation is the process of attempting to influence
other to do your will through the possibility of gain
or renewal”
Feature:
 Continuous process
 Improves efficiency of a person
 Human needs
 Emerges from within
 Good achieving face
Motivation Factor:
Primary Motivational Factor:
 Competence
 Curiosity
 Affection
 Human Needs
Secondary Motivational Factor:
 Achievement
 Affiliation
 Power
Domineer Motivational Factor:
 Ambition
 Compulsion
 Facilitation
MOTIVATION TO
ACHIEVE TARGET
Importance:
Monetary:
 Bonus
Non Monetary:
 Honour and Respect
Establishment of idea:
 Market surveys
 Expert advice
 Consumers
 Social and economic change
 Product profile
 foreign market
 Journals & Magazines
 Trade fares
 Sick units
 Change factors
Meaning of Target
Goal, Aim
Definition: McFarland -“Target are the goal, aims, or
purpose that organization wish to achieve over
varying period of time”
Managerial Challenges:
 Technology explosion
 Human relations
 Conflicts from trade unions
 Problems of law and order
 Social overheads
 Growing competition
 High cost industrial economy
Problem Resolving:
 Identify the problem
 Take correct decision
Techniques of problem solving:
 Habits
 Standard operating procedures
 Delegation
 Intuition
 Creativity
 Quantitative Analysis
 Trial and Error
 Operation Research
Creativity:
 Ability to bring something new and
 Differently
Sequence of Planning:
 First step of management
 Plan and decide in advance
 Future planning
Importance:
 Helps To Face Uncertainties Of Failure
 Helps in efficient utilization of resources
 Basis or rational decision making
 Helps in co-ordination
 Effectiveness
Self Confidence:
 Faith in own
 Self fulfilling prophecy
Method of Self Confidence development:
 Lectures, meeting
 Under studies
 Job rotation
 Coaching
 Multiple management
 Role play method
 Problem study
 Training
Communication Skills:
 Sharing of idea
 Feeling facts information, its two ways
Essential of effective communication:
 Clarity
 Consistency
 Timeliness
 Adequacy
 Patience
 Information
 Feedback
Capacity to Influence:
 Personal quality
 Loyalties
 Obedience
Leadership:
Meaning:
 Ability, a good quality, self confidence,
Quality of leader:
 Caution and careful
 Decisiveness
 Energetic and Endurance
 Responsibility
 Character
 Communication skill
 Confidence
 Soft speaking
 Creativity
 Good health
Contents of a project report:
 Particulars of business
 Constitutes of business
 Brief introduction
 Statement of financing
 Statement of confidentiality
 Industry analysis
 Production plans
 Marketing plans
 Assessment of risk
 Technology to used
Merits:
 Individual inspiration,
 Maintaining secrecy,
Facilities of quick decision,
Demerits:
 Less stable existence,

Partnership
“The relations which exist between persons ,
competent to make contracts, who agree to carry
on a lawful business on common with a view to
private gain.”
Merits:
 Easy to setting up
 Quality of flexibility
 Relived from legal problems
 Facility of separating from firm
Demerits:
 Evils of mutual conflicts
 Unnecessary delay in decision

Co-operative Committee:
Supply of goods at no profit or very less
profit
Merits:
 Economizing the middleman,
Demerits:
 Lack of individual inspiration,
 Mutual differences,
Economic Management:
 Capital investment decision,
 Working capital management,
Role of Banks:
 Lending and deposit,
 Guarantee,
 Rating,
 Overall risk reduction.
PRODUCTION
MANAGEMENT
Functions of production management:
 Selection of right production method
 Selection of right technique
 Analysis of costs
Methods of Purchases:
 Cash and Credit Purchases
 Market Purchases
 Requirement Purchases
 Controlled Purchases
 Forward Purchases
 Just in time purchases
Methods of Purchases of Fixed Assets:
 Leasing
 Hire Purchases
Management of Movable Assets/Goods:
 Known as Investing Management
Objects of Management of Moveable
Assets/Goods:
Employee Management:
Importance of Employee Management
 Smoothing of the Industrial Relations
 Multi- Dimensional Developments
 Making the means of production useful
 Scientific Selection of Labour
 Reduction in the cost of Production
 Promotion, Demotion and Transfer
Marketing Management:
Selling of Product, Definition: Philip Kotler “Marketing is
the human activity directed at satisfying human need
and wants thoughts an exchange process.”
Element of Marketing:
 Marketing activities and place utility
 Marketing activities and time utility
 Marketing activities and form utility
 Marketing activities and possession utility
 Marketing activities and knowledge utility
Consumer Management:
 Contact with consumers
 Front office operation
 Back office operation
 Business relationship
:
Aspects of Consumers Management
 Consumer service
 Consumer intelligence
Types:
 Operational
 Analytical
 Sales intelligence
 Campaign
 Collaborative
 Geographic
Time Management:
 Management of time
Method of Time Management:

 Time Management by Focusing as Current Practice


 Time Wastage
 Assigning secretarial work
 Not delay the work of other
 Management of external appointment
 Applying principal of scheduling project
 Available resource
 Proper monitoring of staff
 Setting long term objective
 Staff training and development
DISTRICT INDUSTRIAL CENTER (DIC)
“For developers small and village industries,
establishment in May 1978”
Role:
 Identification of entrepreneur,
 Selection of projects,
 Provisional SSI registration,
 Purchase of fixed assets,
 Clearance from various department,
 Assistance to material supplies,
 Subsidy schemes,
 Training program,
 Providing self employment
MP POLLUTION CONTROL BOARD:
“Established in 1974, for controlling pollution”
Objectives:
 Controlling Air pollution
 Controlling Soil pollution
 Controlling water pollution

FOOD AND DRUG ADMINISTRATION


DEPARTMENT OF MP:
“Established in 1st April 1980, working under public
and family welfare ministry of MP government,”
Role:
 Public awareness
 Quality control of food articles
 Issuing licenses for food manufacturing
 Issuing license for drugs
 license for retails
 license for whole sales

MP STATE ELECTRICITY BOARD


(MPSEB) Mission
 Growth of employees
 Adopting modern technology
 Reducing distribution losses
 Providing reliable, quality and safe power
 Faster economic growth
MUNICIPAL CORPORATIONS

“Working Under MP Municipal Co-operation Act


(1956) and MP Municipal Act (1961)”

Objective:
 To planned development
 Providing services to public
Role:
 Obligation function
 Discretionary function
KHADI AND VILLAGE INDUSTRIES 
COMMISSION/BOARD(KVIC):
“Established by Parliament in 1956, development of
khadi and village industries”
Role:
 Establishment of family based units
 Craftsman training
 Rebate on khadi cloth
 Spinning subsidy
 Advertisement
 Technical support
 Marketing
MADHYA PRADESH FINANCIAL
CORPORATION (MPFC):
“Incorporated in 1995 under state financial
corporation act 1951”
Role:
Fund Base:
 Term loan
 Equipment finance
 Assets credit
 Short term loan
 Working capital
Contd…
 Hospital finance
 Finance for professional
 Soft loan
 Composite loan
 Commercial complex
 Finance for marketing, Public issue appraisal, Credit
syndication, Corporate advisory services, Schemes
of DIC – PMRY, RDRY
APT Contact
Landline No. 4082444 / 2445 /
2453
Mobile No. 9755557307
Website :
www.aptinfoservices.com
E-mail :
info@aptinfoservices.com