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ENTREPRENEURSHIP DEVELOPMENT IN INDIAENTREPRENEURSHIP DEVELOPMENT IN INDIA
Christ University, Bangalore
Agenda Agenda
• Meaning of EDP• Misconceptions about EDP• Objectives of such program• Entrepreneurship Cycle• Entrepreneurial Discipline• Woman Entrepreneurship • Factors affecting Woman –
Entrepreneurship Barriers to it• Entrepreneurial environment and
it’s analysis• Locational Mobility of
Entrepreneurs
Christ University, Bangalore 2
EDP (Entrepreneurship Development Program)EDP (Entrepreneurship Development Program)
• EDP means a program designed to help a person in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively
• Towards this end, it is necessary to promote his understanding of motives, motivation pattern, their impact on behavior and entrepreneurial value
• A program which seeks to do this can qualify to be called an EDP
Misconceptions about EDPMisconceptions about EDP
• EDP is a catch word• But misconceptions about EDP prevail• Lack of understanding and clarity has limited its growth• EDP hasn’t contributed much to the industrial economy of our
country yet
• Chandramauli Pathak has listed some of the prevailing common misconceptions about EDP:
1. Join an EDP, all your problems are solved
2. EDP means only training3. Higher the number, better
the EDP4. EDP success is the sole
responsibility of Trainers- Motivators
Misconceptions about EDPMisconceptions about EDP
Objectives of EDPObjectives of EDP
• Refer Page 186 and 187 of Vasant Desai Text
Entrepreneurial Development CycleEntrepreneurial Development Cycle
• Refer Fig. 13.1 on Page 185 of Vasant Desai Text
• Simulatory• Support• Sustaining
,
3 Christ University, Bangalore
Christ University, Bangalore 4
• Simulatory1. Entrepreneurial Education2. Planned publicity for
entrepreneurial opportunities
3. Identification of potential entrepreneurs through scientific methods
4. Motivational training to new entrepreneurs
5. Help and guidance in selecting products and preparing project reports
Entrepreneurial Development CycleEntrepreneurial Development Cycle
5Christ University, Bangalore
6. Making available techno- economic information and product profits7. Evolving locally suitable new products and processes8. Availability of local agencies with trained personnel for entrepreneurial counseling and promotions9. Creating entrepreneurial forum10. Recognition of entrepreneurs
Entrepreneurial Development CycleEntrepreneurial Development Cycle
Christ University, Bangalore
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• Support1. Registration of unit2. Arranging finance3. Providing land, shed, power, water
etc.4. Guidance for selecting and
obtaining machinery5. Supply of scarce raw materials6. Getting license/ import licenses7. Providing common facilities8. Granting tax relief or other
subsidies9. Offering management consultancy10.Help marketing products11.Providing information
Entrepreneurial Development CycleEntrepreneurial Development Cycle
• Sustaining 1. Help modernization2. Help diversification/ expansion/ substitute
production3. Additional financing for full capacity
utilization4. Deferring repayment/ interest5. Diagnostic industrial extension/ consultancy
source6. Production units legislation/ policy change7. Product reservation/ creating new avenues
for marketing8. Quality testing and improvident services,
and,9. Need- based common facilities center
Entrepreneurial Development CycleEntrepreneurial Development Cycle
• Entrepreneurs who are developed and promoted at social cost have a certain responsibility to the society that promotes and supports them
• The society expects adequate returns from these people• Towards this end, entrepreneurs are expected to follow a certain
discipline which is essential for entrepreneurial career• This covers subjects like:1. Repayment behavior- financial management2. Response to tax and statutory requirement- law and compliances3. Progressive outlook towards labor- labor management4. Care for ecology and environment- environment management• Issues of EDP- Refer Page 191 of Vasant Desai Text
Entrepreneurial DisciplineEntrepreneurial Discipline
Christ University, Bangalore
Woman Entrepreneurship Woman Entrepreneurship
• The emergence of entrepreneurs in a society depends on the economic, social, religious, cultural and psychological factors prevailing in the society
• In the advanced countries of the world, there is a phenomenal increase in the number of self- employed women after the World War II
Woman Entrepreneurship in IndiaWoman Entrepreneurship in India
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• Today, we find women in different types of industries, traditional as well as non- traditional, such as engineering, electronics, readymade garments, fabrics, eatables, handicrafts, doll- making, poultry, plastics, soap, ceramics, printing, toy- making etc.
• Participation of women as industrial entrepreneurs is comparatively a recent phenomenon in India
Women Entrepreneurship in IndiaWomen Entrepreneurship in India
• Majority of the women entrepreneurs in India are engaged in the unorganized sector like agriculture, agro- based industries, handicrafts, handlooms, and cottage- based industries
• In order to improve the situation, a number of activities such as motivational drive, preparation of information material; conducting training; creation of women industrial estates/ areas/sheds; creation of common marketing exposition centers; training of trainers/ promoters; and use of mass media etc. are required
• Combined effect of all these is bound to accelerate the process of women entrepreneurship development
Segments of Women Entrepreneurs Segments of Women Entrepreneurs
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• Four segments of women entrepreneurs exist:1. Self- help Groups: Those who are well served and mentored by
microfinance institutions2. Grassroots entrepreneurs: Those who are driven by a need to
augment the family’s finances especially to secure their children’s future- tailors, flower sellers, STD booth owners, pan shops etc.
3. Mid- rung entrepreneurs: They are driven by a need to build reputation, become known, improve quality and satisfy creative instincts. Mostly graduate +, they typically have garment shops, poultry farms, export businesses etc.
4. Upper Crust: Drawn from the topmost social class, very well educated, with businesses like export houses, travel agencies, traders in pharmaceuticals, often adjuncts to their husband’s businesses, they aspire for turnovers of more than Rs. 5 crore
Qualities of Women Entrepreneurs Qualities of Women Entrepreneurs
• Refer Page 80 of Vasanth Desai Text
Basic Problems of Women Basic Problems of Women
• Refer Page 81 of Vasanth Desai Text
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