ENTREPRENEURIAL DEVELOPMENT

PROGRAMMES

BY : PRIYA ARORA STUTTY SRIVASTAVA

CONTENTS
INTRODUCTION EDP MEANING NEED FOR EDP DESIGNING AN EDP ENTREPRENEURIAL DEVELOPMENT CYCLE OBJECTIVES OF EDP COMPONENTS OF EDP

TYPES OF EDP IN INDIA STRUCTURING OF EDP ISSUES OF EDP STRATEGIES FOR EDP MISCONCEPTIONS ABOUT EDP EDP IN INDIAN SCENARIO CONCLUSION

INTRODUCTION

An entrepreneur is one of the most important inputs in the economic development of a country or of regions within the country. Entrepreneurial competence makes a lot of difference to the rate of economic growth of the country as well as the organization. Therefore, Entrepreneurial development programmes have a major role to play in developing and enhancing the competencies of an entrepreneur in the benefit of both- the organization and the nation at large.

ENTREPRENEURIAL DEVELOPMENT PROGRAMME - MEANING

Entrepreneurial development programme means programme designed to help a person in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role effectively. A programme which seeks to do this can qualify to be called an EDP.

NEED FOR EDP

To speed up the process of activating the factors of production leading thereby to : Higher rate of economic growth Dispersal of economic activities Development of backward and tribal areas Creation of employment opportunities Improvement in standard of living Involvement of all section of society in process of economic growth

EDP covers three major variables :

LOCATION

TARGET GROUP

ENTERPRISE

Any of these can become the focus or starting point for initiating and implementing an EDP

DESIGNING AN EDP
It is now well recognized that entrepreneurs can be developed through appropriately designed entrepreneurial development programme. These programmes have a three tier approach : 1) Developing achievement, motivation and sharpening of entrepreneurial traits and behavior. 2) Project planning and development and guidance on industrial opportunities. 3) Incentives and facilities and rules and regulations and developing managerial and operational capabilities.

ENTREPRENEURIAL DEVELOPMENT CYCLE

Stimulatory

Support

Sustaining

Stimulatory Education Publicity Motivation Guidance Information Forums Recognition

Support Registration Finance Land, Power, Water Machinery License Management Consultancy Marketing

Sustaining Modernization Diversification Additional Finance Policy Change New Avenues Quality Testing Deferring Repayment

MAJOR OBJECTIVES OF EDP

The expert group constituted by the NIESBUD accepted that it must be able to help selected Entrepreneurs to :

Develop and strengthen their entrepreneurial qualities Analyze environment Select project/product Formulate Projects

Understand the process and procedure of setting up of small enterprise Acquire the basic management skills

Know the pros and cons of being an entrepreneur

Acquaint and appreciate the needed social responsibility

Develop entrepreneurial culture Accelerate the process of industrial and economic development Transform the Indian economy

COMPONENTS
behavior

OF

EDP

Opportunity Initiative Creativity Responsibility Networking Judgment

Components

attributes

Self Confidence Perseverance High Locus of Control Action Orientation Learning by Doing

skills

Problem Solving Negotiating Selling Proposing Strategic Thinking

TYPES

OF

EDP

IN

INDIA

Awareness Training Programme

Industrial Motivation Programme

Product Oriented Entrepreneurial Development Training Programme

Skill Development Programme

Management Development Programme Target Group Oriented Entrepreneurial Development Training Programme

STRUCTURING

OF

EDP

Survey of Entrepreneurial Opportunities : The objective of this survey is to identify opportunities in industries and other activities which offer a promising future for entrepreneurs. Selection of Entrepreneurs : If the entrepreneurs are not properly selected, the entire programme can be affected, and this has a direct bearing on the success rate to stand guarantee for young entrepreneurs

Experiences in EDP Abroad Experiences of some foreign countries should be taken. Example: In a recent workshop organized by East West Centre Technology Institute, Hawaii, the EDP experiences of various countries were discussed. The experiences of other institutions like Development Technology Centre, Institute of Technology, Bandung Institute of Psychology can also be taken.

Entrepreneurial Awareness : It means the consciousness about the importance of the role entrepreneurs play in accelerating growth of the economy and in enriching the quality of life of the people.

Entrepreneurial Discipline : Entrepreneurs are expected to follow a certain discipline which is essential for entrepreneurial career. This covers subjects like :

Repayment Behavior
Financial Management

Response to Tax and Statutory Requirement

Law and Compliances

Progressive Outlook Towards Labor

Labor Management

Care for Ecology and Environment

Environment Management

ISSUES OF EDP

Structure and Composition of EDP

Areas of Operation Fixing Priorities Lack of Specialist Support

Operational Problems :

Diverse Opinions

Low Institutional Commitment

No Local Support Non Availability of Inputs Poor Follow up

No Adequate Research Facilities Inconsistent Programme Design Ambiguity Lack of Clarity

Lack of Creativity and Commitment

STRATEGIES FOR ENTREPRENEURSHIP DEVELOPMENT

Public entrepreneurship should remain confined only to those industries where private enterprise individual or corporate is generally not attracted. All possible efforts should be made very seriously for the development of an industrial culture. There is need to develop management education and industrial training. Development programmes for backward regions and areas should also be constituted. Adequate measures for mobilizing and fostering entrepreneurial talent in the country must be taken.

Objectives of economic policy should be such which favor overall interest of countries economy. Institutional framework should work towards meeting major industrial or economic needs or goals. Financial Institutions should provide adequate and timely credit and technical assistance especially to small and medium size enterprise Special categories of entrepreneurs Like women, retired army personnel, etc must also be considered for EDPs.

MISCONCEPTIONS ABOUT EDP

JOIN AN EDP, ALL YOUR PROBLEMS ARE SOLVED Arises because of lack of honest promotional efforts or high entrepreneurs expectations

EDP MEANDS ONLY TRAINING

Training is only one of the segments in the process of developing entrepreneurs

HIGHER THE NUMBER, BETTER THE EDP

EDP is a success with maximum number of participants

ROLE OF TRAINER

EDP SUCCESS IS THE SOLE RESPONSIBILITY OF TRAINER/MOTIVATORS

EDP

IN INDIAN SCENARIO

List of organizations provide Entrepreneur Development Programme in India: 1. National Institute of Enterprise and Small Business Development (NIESBUD): was founded by Ministry of Industries of Government of India in the year 1983 2. IIC( Indian Investment Centre): founded by Government of India 3. EDII( Entrepreneur Development Institute of India): is founded by the mutual coordination of Gujarat government and Public Financial Institutions.
4.

TCO(Technical Consultancy Organization)

CONCLUSION
Thus, as evident from the above discussion, we can conclude that EDPs are of vital importance to supplement the growth of entrepreneurs. EDPs provide a wide range of resources and enhance the competencies of a budding entrepreneur. However, in India, EDPs are basically state owned and are conducted for SMSEs to encourage the growth of entrepreneur in this sector for the welfare of the economy and general interest of the country at large.

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