Entrepreneurship Management

Training and Entrepreneurship Development Programme in India

Importance of training Methods of training EDP- Need and importance Phases of EDP Selection of entrepreneurs for EDP Training programme - Course contents Pre requisites of EDP Organisations providing EDP

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Importance of Training
Ensures availability of skilled manpower at all management levels Enhancing abilities, potential among entrepreneurs Increase efficiency Maintain and enhance product quality Minimise wastages in production process

Minimise accidents on the job

Reduce fatigue and increase speed of work

Standardisation in industry and internal processes

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Methods of Training
Individual instruction Group instruction Lecture method Demonstration method Written instruction method

Conference
Meetings

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EDP
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 Government needs considerable human and material resource, importance to detailed planning & implementation

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Phases of EDP
Select area from existing government policy guidelines/socio-economic reports Techno-economic survey of the selected area; feasibility study Identify potential and existing entrepreneurs interested in starting new business/expansion/diversification Training Follow up and consultancy services

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Selection of entrepreneurs for EDP

The programme is well publicised and promoted to attract maximum applications for screening Selection of top 25 to 30 applicants only Applications screened for:
Demographics and socio cultural data age, education, work exp, financial resources, type of business etc

Motivation factors pull factors, source of encouragement, credibility, endurance, concreteness of plans
Psychological test results- traits like risk taking, need for achievement

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Training Course contents

Introduction to entrepreneurship Motivation training Essentials of management Fundamentals of project feasibility study Organising the business Plant visit

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Pre requisites of EDP

Selection of entrepreneurs Inputs for EDP Support system Follow up

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Organisations providing EDP

National Institute for entrepreneurship and Small Business Development (NIESBUD)

Established by Government of India in 1983

Entrepreneurship Management

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:
Organise and conduct training programmes Coordinate training activities of various agencies/institutes Provide affiliation to such institutes Hold examinations and confer certificates to trainers and trainees

Small Industries Service Institutes (SISI)

Entrepreneurship Management

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

Small Industries Development Organisation (SIDO)

Runs EDP in collaboration with financial institutes, directorate of industries

Entrepreneurship Management

Gives on the job training on shop floor (carpentry, electrical devices) Sends its officials/trainers to organisations to update their knowledge

National Small Industries Corporation (NSIC)

Training supervisory staff of SSI up to 2 years Training to engineers up to 2 years Training workmen for 12 months Training to set up own venture Advice on machinery and components

Entrepreneurship Management

Entrepreneurship Development Institute of India (EDII)

Entrepreneurship Management

Develops programmes for entrepreneurial training and development Develops innovative training techniques for trainers Focused attention on women entrepreneurs with first such EDP in 1988 EDP for rural entrepreneurship development in U.P and Orissa Famous for organising camps on entrepreneurship Condusted EDP in Sri Lanka, Nepal, Ghana, Kenya etc

National Alliance of Young Entrepreneurs (NAYE)

Set up womens wing in 1975 This wing assists women in:

Entrepreneurship Management

Contribution in encouraging women entrepreneurship

Getting better access to resources, infrastructure, markets Identify investment opportunities Attending to problems of individual industries Sponsor participation in trade fairs, exhibitions, conferences Organise seminars, training programmes, workshops