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Entrepreneurship Management
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
Entrepreneurship Management
Methods of Training
Individual instruction Group instruction Lecture method Demonstration method Written instruction method
Conference
Meetings
Entrepreneurship Management
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
Entrepreneurship Management
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
Entrepreneurship Management
Motivation factors pull factors, source of encouragement, credibility, endurance, concreteness of plans
Psychological test results- traits like risk taking, need for achievement
Entrepreneurship Management
Entrepreneurship Management
Entrepreneurship Management
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
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
Entrepreneurship Management
Gives on the job training on shop floor (carpentry, electrical devices) Sends its officials/trainers to organisations to update their knowledge
Entrepreneurship Management
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
Entrepreneurship Management
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