Enterpreneurship. 01

ENTREPRENEURSHIP,[object Object],CHAPTER NO- 01.,[object Object],Presented by:-,[object Object],Vikash kumar,[object Object],Abhishek Niranjan,[object Object],Swapnil Kumari,[object Object],Sonali,[object Object],Jitendra Gupta,[object Object],Sarita Tripathi,[object Object],Pankaj Kumar Verma,[object Object],Abhishek Pratap Singh,[object Object],Pooja Gupta,[object Object],Krishan Kumar,[object Object]

CONCEPTS AND DEFINATIONS OF ,[object Object],ENTREPRENEURSHIP,[object Object]

Entrepreneur,[object Object], An entrepreneur is a person who has possession of a new enterprise,,[object Object], venture or idea and is accountable for the inherent risks and the outcome.,[object Object],According to:,[object Object],Peter drucker : “Entrepreneur is one who always searches for change, response to it and exploit it as an opportunity”.,[object Object],Richard Schumpeter : Entrepreneur is one who innovator, raise money, collects inputs,,[object Object],Organises talent, provided leadership and set the organisation in proper order.,[object Object],International Labour Organisation, I. L.O(1982) : “ Entrepreneur are people who the ,[object Object],ability to see and evaluate business opportunity; to gather necessary resources, to take advantage of them and to initiate appropriate action to ensure success”.,[object Object]

Various views of the term “Entrepreneur”,[object Object],1. Entrepreneur as a Innovator : ,[object Object],[object Object]

The discovery of a new source of supply of a raw material.

The opening of a new market into which the specific product has not previously entered.,[object Object]

Command over sufficient capital and

Moral qualities for work judgement , perseverance and a knowledge about the business world.,[object Object],Entrepreneur as a Risk taker :,[object Object], Entrepreneur as an agent who buys factors of production at a certain prices in order to combine them into a product with a view to selling it at uncertain prices in future.,[object Object]

Who is an Entreprenuer,[object Object],• He is a person who develops and owns his own enterprise ,[object Object],• He is a moderate risk taker and works under uncertainty ,[object Object], for achieving the goal. ,[object Object],• He is innovative ,[object Object],• He peruses the deviant pursuits ,[object Object],• Reflects strong urge to be independent. ,[object Object],• Persistently tries to do something better. ,[object Object],• Dissatisfied with routine activities. ,[object Object],• Prepared to withstand the hard life. ,[object Object],• Determined but patient ,[object Object],• Exhibits sense of leadership ,[object Object],• Also exhibits sense of competitiveness ,[object Object],• Takes personals responsibility ,[object Object],• Oriented towards the future. ,[object Object],• Tends to persist in the face to adversity ,[object Object],• Convert a situation into opportunity. ,[object Object]

The characteristics of an unique entrepreneur are : ,[object Object],[object Object]

- Leadership ,[object Object]

Why Entrepreneurship,[object Object],• To improve backwardness of the people. ,[object Object],• Economic development of the region. ,[object Object],• To analyze resource utilization. ,[object Object],• Proper utilization of human potentiality. ,[object Object],• Special attention to take up new activities. ,[object Object],• To create self-employment and generation of ,[object Object], employment opportunity. ,[object Object],• Eradication of regional imbalances. ,[object Object],• Better economic gain. ,[object Object]

Create new jobs.,[object Object],Productivity through new technology,[object Object],Opportunity for positive and significant effect.,[object Object],Self employment,[object Object],GDP growth,[object Object],Globalization ,[object Object], Sustain economic growth,[object Object], ECONOMIC DEVELOPMENT,[object Object]

CLASSIFICATION OF ENTREPRENEURS,[object Object],According to the types of business.,[object Object],According to the use of technology.,[object Object],According to the motivation.,[object Object],According to the growth.,[object Object],According to stage of development.,[object Object]

A. According to the types of business,[object Object],Agriculture entrepreneur,[object Object], a. Horticulture,[object Object], b. Dairy ,[object Object], c. Forestry ,[object Object],2. Corporate entrepreneur,[object Object],3. Industrial entrepreneur,[object Object], a. Large,[object Object], b. Medium,[object Object], c. Small,[object Object]

Contd.,[object Object],4. Trading entrepreneur ,[object Object],5. Business entrepreneur,[object Object]

B. According to the use of technology,[object Object],Professional entrepreneur.,[object Object],2. Non-technical entrepreneur,[object Object],3. Technical entrepreneur,[object Object]

C. According to the motivation,[object Object],1. Spontaneous Entrepreneur,[object Object],2. Motivated Entrepreneur,[object Object],3. Induced Entrepreneur,[object Object],4. Pure Entrepreneur,[object Object]

D. According to growth,[object Object],1. Growth Entrepreneur,[object Object],2. Super growth Entrepreneur ,[object Object]

E. According to the stage of development,[object Object],1. First generation Entrepreneur,[object Object],2. Modern Entrepreneur,[object Object],3. Classical Entrepreneur,[object Object]

Personal Entrepreneurial Competencies,[object Object],These competencies can be grouped into 3 main clusters and the EMPRETEC model has merged some of these competencies to derive 10 PECs. ,[object Object],Achievement Cluster,[object Object],Opportunity Seeking and Initiative,[object Object], Risk Taking,[object Object], Demand for Efficiency and Quality,[object Object], Persistence,[object Object], Commitment to the Work Contract,[object Object]

Planning Cluster,[object Object],Information Seeking,[object Object], Goal setting,[object Object], Systematic Planning and Monitoring,[object Object],Power Cluster,[object Object],Persuasion and Networking,[object Object], Independence and self-confidence ,[object Object]

FACTOR THAT AFFECT ENTERPRENEURSHIP GROWTH,[object Object],Economic Factor ,[object Object],Capital,[object Object],Labour ,[object Object],Raw material,[object Object],Market,[object Object],Infrastructure ,[object Object],Social Factor,[object Object],Caste favour,[object Object],Family background,[object Object]

Continue…,[object Object],Education,[object Object],Attitude of the society,[object Object],Cultural value ,[object Object],Political Factor,[object Object],The Govt has to ensure the availability of required resources for the Entrepreneurship .,[object Object],Policies related to various economic aspect like Price , availability of capital , Labour and other input taxation affect the growth of Entrepreneurship.,[object Object],Promotive Govt activities like Incentives & subsidies.,[object Object],Govt policies like licenses, regulation, favoritism .,[object Object]

ENTREPRENEURSHIP DEVELOPMENT PROGRAMMES,[object Object],EDP means programmes designed to help a person in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively.,[object Object],A programme not touching entrepreneurial motivation and behaviour cannot be called as an EDP.,[object Object]

Continue…..,[object Object],EDP primarily focuses on developing those first-generation entrepreneurs who on their own cannot become successful entrepreneur.,[object Object]

NEED OF AN EDP,[object Object],Higher rate of economic growth.,[object Object],Development of backward and tribal areas.,[object Object],Creation of employment opportunities.,[object Object],Improvement in the standard of living.,[object Object],Promoting small-scale industries.,[object Object],To promote women entrepreneurship.,[object Object]

NEED (Continue..),[object Object],It covers three major variables:-,[object Object], Location,[object Object],Target group and,[object Object],Enterprise ,[object Object],Any of these can become the starting point for initiating and implementing an EDP.,[object Object]

OBJECTIVES OF EDP,[object Object],EDP helps entrepreneur to:-,[object Object],Develop and strengthen entrepreneurial quality and motivation.,[object Object],Analyze small industry and small business environment.,[object Object],Select project/product.,[object Object],Formulate projects.,[object Object],Understand the process and procedure of setting up of small enterprise.,[object Object],Acquire the basic management skills.,[object Object]

Continue…,[object Object],6. Know the pros and cons of being a entrepreneur.,[object Object],7. Acquaint and appreciate the needed social responsibility/ entrepreneurial disciplines.,[object Object],8. Develop entrepreneurial culture.,[object Object],9. Accelerate the process of industrial and economic development.,[object Object],10. Transform the Indian economy.,[object Object]

ENTREPRENEURIAL BEHAVIOURS,[object Object],Grasping opportunities.,[object Object],Taking initiative.,[object Object],Solving problems creatively.,[object Object],Managing autonomously.,[object Object],Taking responsibility for, and ownership of things.,[object Object],Seeing things through.,[object Object],Networking effectively to manage interdependence.,[object Object],Using judgment to take calculated risk.,[object Object]

ENTREPRENEURIAL ATTRIBUTES,[object Object],Achievement orientation and ambition.,[object Object],Self confidence and self esteem.,[object Object],Perseverance.,[object Object],High internal locus of control.,[object Object],Action orientation.,[object Object],Preference for learning by doing.,[object Object],Hardworking.,[object Object],Creativity.,[object Object]

ENTREPRENEURIAL SKILLS,[object Object],Creative problem solving.,[object Object],Persuading.,[object Object],Negotiating.,[object Object],Selling.,[object Object],Proposing.,[object Object],Managing business/projects/situations.,[object Object],Strategic thinking.,[object Object],Intuitive decision making under uncertainty.,[object Object]

TYPES OF EDP IN INDIA,[object Object],Industrial Motivating Programme.,[object Object],Entrepreneurship Development Programme.,[object Object],Skill Development Programme.,[object Object],Management Development Programme.,[object Object],Entrepreneurship Awareness Training Programme.,[object Object],Product-oriented Entrepreneurship Development Training Programme.,[object Object],Target group-oriented Entrepreneurship Development Training Programme.,[object Object]

STRUCTURING EDP,[object Object],Identification and careful selection of entrepreneurs.,[object Object],Developing and motivating entrepreneurial capabilities of the trainee.,[object Object],Equipping the trainee to identify viable industrial project/prepare project profiles or brief project reports.,[object Object],Equipping the trainees with basic enterprise-building skills.,[object Object],Imparting basic managerial skills.,[object Object],Helping the trainees to secure the necessary financial, infrastructural and related business assistance during the implementation of the project.,[object Object]

THE OPERATIONAL PROBLEMS OF EDP,[object Object],No proper strategy.,[object Object],No local support.,[object Object],Non-availability of inputs.,[object Object],No adequate research facilities.,[object Object],Inconsistent programme design.,[object Object],No clear-cut objective.,[object Object],Lack of clarity in approach and,[object Object],Lack of creativity and commitment.,[object Object]

ENTREPRENEURIAL TRAINING,[object Object],Training is the systematic instruction of staff at all levels in new attitudes or new skills. ,[object Object]

IMPORTANCE OF TRAINING,[object Object],The availability of skilled workers at all levels of management.,[object Object],Enables the workers to perform the work more efficiently and precisely.,[object Object],Minimises excessive scraps, defects and wastage.,[object Object],Minimises the number of accidents, as unskilled or semi skilled workers.,[object Object]

IMPORTANCE OF TRAINING(cont…),[object Object],Training reduces fatigue.,[object Object],Training enables the worker to work speedily.,[object Object],Training improves the good relation between employees and management.,[object Object],New techniques can be easily adopted by through trained employees.,[object Object],Standardization can be adopted.,[object Object]

IMPORTANCE OF TRAINING(cont…),[object Object],Training enable employees to occupy higher position of authority.,[object Object],The supervision cost can be minimised.,[object Object]

OBJECTIVES OF TRAINING,[object Object],To impart basic knowledge about the industry, production and production methods.,[object Object],To build the necessary skills of new entrepreneurs,[object Object],To assist the entrepreneur to function more effectively by exposing him to the latest concept, techniques and information.,[object Object],To impart customer education and,[object Object],To impart knowledge of marketing goods,[object Object]

METHODS OF TRAINING,[object Object],Individual instruction,[object Object],Group instruction,[object Object],Lecture method,[object Object],Demonstration method,[object Object],Written instructional method,[object Object],Conference,[object Object],Meeting,[object Object]

DESIGNING AN ENTREPRENEURIAL TRAINING PROGRAMME,[object Object],Setting training objectives,[object Object],Training objectives,[object Object],Developing course content,[object Object],Choosing appropriate training methods,[object Object]

Enterpreneurship. 01

Enterpreneurship. 01

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