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Understanding Entrepreneurship Development

The document discusses entrepreneurial development programs (EDPs), which are designed to help individuals strengthen their entrepreneurial skills and abilities. EDPs aim to reduce unemployment, promote industrial development, and support small businesses and underdeveloped regions. They take a three-tiered approach - developing motivation, project planning assistance, and providing incentives. Key aspects of EDPs include identifying and selecting entrepreneurs, developing their capabilities, and equipping them with managerial skills and assistance to start their businesses. EDPs are an important tool to generate self-employment and employment opportunities through entrepreneurship.

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Smriti Khanna
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54 views19 pages

Understanding Entrepreneurship Development

The document discusses entrepreneurial development programs (EDPs), which are designed to help individuals strengthen their entrepreneurial skills and abilities. EDPs aim to reduce unemployment, promote industrial development, and support small businesses and underdeveloped regions. They take a three-tiered approach - developing motivation, project planning assistance, and providing incentives. Key aspects of EDPs include identifying and selecting entrepreneurs, developing their capabilities, and equipping them with managerial skills and assistance to start their businesses. EDPs are an important tool to generate self-employment and employment opportunities through entrepreneurship.

Uploaded by

Smriti Khanna
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

By: Anubhav Dwivedi Divyanshu Tiwari

Entrepreneurial Development Programme (EDP) means programme designed to help a person in strengthening his entrepreneurial motives and in acquiring skills and capabilities for playing his entrepreneurial role effectively.

Human resource development tool Removing unemployment Enhancing industrial development Promoting small-scale industries Developing industrially underdeveloped

regions

Location

Target group
Enterprise

EDP broadly envisages three-tiered 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, rules and regulations, developing managerial and operational capabilities

Identification and careful selection of entrepreneurs for training

Developing the entrepreneurial capabilities of the trainee

Equipping the trainee with basic managerial understanding

Helping him to secure necessary financial infrastructural and related assistance

Join an EDP, all your problems are solved. EDP means only training. Higher the number, better the EDP EDP success is the sole responsibility of

trainer-motivators

simulatory

Entrepreneurial Development cycle sustaining support

To accelerate the process of entering into business To encourage the first generation entrepreneurs

To provide help in identification and formulation of viable projects

To impart training in managerial understanding and skills

To generate employment and self-employment.

To provide post training assistance and monitoring facilities

Pre training preparation Entrepreneurial training

Post training care

Environmental conditions
Inter organizational relationships Resource for program me implementation

Characteristics and capabilities of implementing agencies

Performance and impact

Entrepreneurship development institute of India

National institute of entrepreneurship and small business development


SIDBI Rural entrepreneurship development institute MDI

Structure and composition of EDP Areas of operation Fixing priorities

Lack of specialists support Inherent inability Diverse opinions

Public entrepreneurship should remain confined Development of industrial culture.

Management education and industrial training


Development of backward regions

Mobilizing and fostering entrepreneurial talent in country

Better economic administration

Institutional framework should place entrepreneurial development in meaningful prospective

Indigenousness should be encouraged


Proper role of financial institutions

Conducive environment for special category of entrepreneurs

It is now well recognized that entrepreneurs can be developed through appropriately designed entrepreneurship development program. Such programs not only help to get training but also make entrepreneurs aware of opportunities, planning for projects, providing financial support and setting up the enterprise. They focus on blending managerial and entrepreneurial capabilities for overall industrial growth.

Vasant Desai: Dynamic of Entrepreneurial Development and Management. [Link]: Entrepreneurial and small Business Management. Entrepreneurship Development Institute Of India ( EDII)

[Link]

THANK YOU!!!

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