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

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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

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• 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

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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

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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

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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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