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INTRODUCTION
EDP
MEANING NEED FOR EDP
DESIGNING AN EDP
ENTREPRENEURIAL DEVELOPMENT CYCLE
OBJECTIVES OF EDP
COMPONENTS OF EDP
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TYPES OF EDP IN INDIA
STRUCTURING OF EDP
ISSUES OF EDP STRATEGIES FOR EDP
MISCONCEPTIONS ABOUT EDP
EDP IN INDIAN SCENARIO
CONCLUSION
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An entrepreneur is one of the most importantinputs in the economic development of acountry or of regions within the country.Entrepreneurial competence makes a lot of
difference to the rate of economic growth of thecountry as well as the organization.
Therefore, Entrepreneurial developmentprogrammes have a major role to play indeveloping and enhancing the competencies ofan entrepreneur in the benefit of both- theorganization and the nation at large.
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ENTREPRENEURIAL DEVELOPMENT
PROGRAMME - MEANING
Entrepreneurial development programme
means programme designed to help a
person in strengthening hisentrepreneurial 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.
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To speed up the process of activating thefactors 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
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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
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It is now well recognized that entrepreneurs canbe developed through appropriately designedentrepreneurial development programme. Theseprogrammes have a three tier approach :
1) Developing achievement, motivation andsharpening of entrepreneurial traits andbehavior.
2) Project planning and development andguidance on industrial opportunities.
3) Incentives and facilities and rules andregulations and developing managerial andoperational capabilities.
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Support
Sustaining
Stimulatory
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Stimulatory
Education
Publicity
Motivation
Guidance Information
Forums
Recognition
Support
Registration
Finance
Land, Power,
Water Machinery
License
ManagementConsultancy
Marketing
Sustaining
Modernization
Diversification
Additional
Finance Policy
Change
New Avenues
QualityTesting
DeferringRepayment
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MAJOR OBJECTIVES OF EDP
The expert group constituted by the NIESBUDaccepted that it must be able to help selectedEntrepreneurs to :
Develop and strengthen their entrepreneurialqualities
Analyze environment
Select project/product Formulate Projects
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Understand the process and procedure ofsetting up of small enterprise
Acquire the basic management skills
Know the pros and cons of being anentrepreneur
Acquaint and appreciate the needed socialresponsibility
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Develop entrepreneurial culture
Accelerate the process of industrial andeconomic development
Transform the Indian economy
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COMPONENTSOF EDP
behavior
Opportunity
Initiative
Creativity
Responsibility
Networking
Judgment
attributes
Self Confidence
Perseverance
High Locus of Control
Action Orientation
Learning by Doing
skills
Problem Solving
Negotiating
Selling
Proposing
Strategic Thinking
Components
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TYPESOF EDP IN INDIA
Awareness Training Programme
Industrial Motivation Programme
Product Oriented Entrepreneurial Development
Training Programme
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Skill Development Programme
Management Development Programme
Target Group Oriented EntrepreneurialDevelopment Training Programme
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STRUCTURINGOF EDP
Survey of Entrepreneurial Opportunities :
The objective of this survey is to identifyopportunities in industries and other activitieswhich offer a promising future forentrepreneurs.
Selection of Entrepreneurs :
If the entrepreneurs are not properlyselected, the entire programme can be affected,and this has a direct bearing on the successrate to stand guarantee for young entrepreneurs
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Experiences in EDP Abroad
Experiences of some foreign countriesshould be taken. Example: In a recent workshop
organized by East West Centre TechnologyInstitute, Hawaii, the EDP experiences ofvarious countries were discussed. Theexperiences of other institutions likeDevelopment Technology Centre, Institute ofTechnology, Bandung Institute of Psychologycan also be taken.
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Entrepreneurial Awareness :
It means the consciousness about the
importance of the role entrepreneurs play inaccelerating growth of the economy and inenriching the quality of life of the people.
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Entrepreneurial Discipline :
Entrepreneurs are expected to follow a
certain discipline which is essential forentrepreneurial career. This covers subjects like :
Repayment Behavior
Financial Management
Response to Tax and StatutoryRequirement
Law and Compliances
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Progressive Outlook Towards Labor
Labor Management
Care for Ecology and Environment
Environment Management
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ISSUES OF EDP
Structure and Composition of EDP
Areas of Operation
Fixing Priorities
Lack of Specialist Support
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Diverse Opinions
Low Institutional Commitment
No Local Support
Non Availability of Inputs
Poor Follow up
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No Adequate Research Facilities
Inconsistent Programme Design
Ambiguity
Lack of Clarity
Lack of Creativity and Commitment
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STRATEGIES FOR
ENTREPRENEURSHIP DEVELOPMENT
Public entrepreneurship should remain confinedonly to those industries where private enterpriseindividual or corporate is generally not attracted.
All possible efforts should be made very seriouslyfor the development of an industrial culture.
There is need to develop management educationand industrial training.
Development programmes for backward regionsand areas should also be constituted.
Adequate measures for mobilizing and fosteringentrepreneurial talent in the country must be taken.
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Objectives of economic policy should be suchwhich favor overall interest of countries
economy.
Institutional framework should work towardsmeeting major industrial or economic needs orgoals.
Financial Institutions should provide adequateand timely credit and technical assistanceespecially to small and medium size enterprise
Special categories of entrepreneurs Like
women, retired army personnel, etc must alsobe considered for EDPs.
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MISCONCEPTIONS ABOUT EDP
Arises because of lack of honest promotionalefforts or high entrepreneurs expectations
JOIN AN EDP, ALL YOURPROBLEMS ARE SOLVED
Training is only one of the segments in theprocess of developing entrepreneurs
EDP MEANDS ONLYTRAINING
EDP is a success with maximum number ofparticipants
HIGHER THE NUMBER,BETTER THE EDP
EDP SUCCESS IS THE SOLERESPONSIBILITY OF TRAINER/MOTIVATORS
ROLE OF TRAINER
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List of organizations provide Entrepreneur Development
Programmein India:
1. National Institute of Enterprise and Small BusinessDevelopment (NIESBUD): was founded by Ministry
of Industries of Government of India in the year1983
2. IIC( Indian Investment Centre): founded byGovernment of India
3. EDII( Entrepreneur Development Institute of India):is founded by the mutual coordination ofGujaratgovernment and Public Financial Institutions.
4. TCO(Technical Consultancy Organization)
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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 abudding entrepreneur.
However, in India, EDPs are basically
state owned and are conducted for SMSEs to
encourage the growth of entrepreneur in this sectorfor the welfare of the economy and general interest
of the country at large.
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THANK YOU