EDP Enter Dev Prog

8/6/2019 EDP Enter Dev Prog

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Entrepreneurial Development

Programmes ( EDPs)



� Entrepreneurship plays a vital role in the

economic development of a country.

� After liberalisation and globalisation, therole of entrepreneur has reduced. This

calls for organisation of EDP¶s for the

development and growth of entrepreneurs.



EDPs

� A Programme designed to help a prospectiveEntrepreneur would achieve the following objectives :

� Identify abilities.

� Analyse the environmental setup of small scale businessand industry.

� Fulfilling his entrepreneurial motives.

� Acquiring skills & capabilities.

� Motivating

� Arranging sources of help and provide support systemsand procedures

� To provide training assistance.



� Prepare him to face the uncertainities

involved in running a business.

� Develop a broad vision about thebusiness.

� Develop passion for integrity and honesty.

� Make him learn compliance with law.



Need and Relevance of EDP¶s

� It is now believed that Entrepreneurs are made

not born.

� EDP¶s are based on this belief that they can

inculcate relevant attributes ignite the dormant

skills and talents, change the outlook and

convert the ideas into action through the

systematic and organised training.

� They tend to change the personality of the

participants.



Role & Contribution of EDP¶s in

India

� Great role in increasing the supply of newentrepreneurs to accelerate the process of industrialisation.

� Elimination of Unemployment & Poverty

� Balanced Regional Development

� Utilisation of local resources

� Large scale employment can reduceunrest and violence amongst the youth asthey would be gainfully employed.



Phases of EDP¶s

� Pre-training phase-

� Identification & Selection of Entrepreneurs

(written test, personal interviews)� Designing of course curriculum

� Selection of necessary tools, techniques

and arrangement of Infrastructure.� Arranging Guest Speakers after finalising

training syllabus.



Training Phase

� To develop ³need for achievement´ in

employees i.e motivation.

� Is the person mentally prepared to undertake

risk and uncertainity?

� Does the person have the right attitude ?

� What kind of entrepreneurial traits the trainee

lacks the most?� Whether the trainee possesses the requisite

knowledge of technology & resources.



� Phase of guidance and monitoring

� Practical exposure, preparation of projectreport.

� This facilitates in understanding buying

and consumer behavior.� Phase of guidance and monitoring



Post training phase

� Ultimate objective is to prepare the participantsto start their own enterprise.

� This is basically the follow up phase.

� i.e follow up meeting of the officials of EDP withthe participants.

� To see how far the objectives have beenachieved.

� Are there any drawbacks.� Suggesting guidelines for framing future policies

to improve performance.



� Assistance in selection location of unit.

� Help in bringing the trainees in touch with

financial institutions.



Evaluation of EDP

� To review the first three phases.

� To help expedite the process of borrowing

from the Institutions.� Few problems:

� Faced difficulties in getting finance.

� Procedures for getting plot, power connection time consuming



Role of Govt in organising EDP¶s

� In 1950¶s the Govt realised the

importance of promoting small industries.

It set up at the National Level:

� Small Industries Development

Corporation (SIDC)

� Khadi and Village Industries Commission

(KVIC) for prodn and mktg of Khadi &

handicraft items.



� Industrial Finance Corporation of India( IFCI).

� National Small Scale Industrial Development

Corporation (NSSIDC)

� National Bank of Agriculture and Rural

Development (N ABARD)

� Small Industries Development Bank of India(

SIDBI)� National Institute of Small Industry Extension

Training (NISIET)



State Level

� Small Industries Service Institutes (SISI)

� District Industrial Centres (DIC)

� State Financial Corporations (SFC)� State Small Industries Corporations

(SSIC)

� State Industries Corporations (SIC)



Importance of Entrepreneurial

Training� It¶s an integral input for management

development.

� It makes sure the availability of skilledlabour at all levels of mgmt.

� Increases efficiency, abilities, speed andperformance.

� Minimises wastage, accidents, fatiguesand defects.

� Improves good relations and team spirit.



EDP

� Training-Process by which aptitudes ,

skills and capabilities of an individual

employee tp perform a certain job are

enhanced.

� Development- Nature and direction of

change induced in the employee through

the process of education and training.





Principles or Essentials of ET

� Presence of the right Atmosphere.

� Qualified and trained instructors.

� Long duration� Theoretical as well as practical training.

� Helping them develop necessary skills.



EDT SHOULD COVER

� Conducting studies, market surveys andresearch.

� Information on Govt Policies andProgrammes of assistance and supportsystems.

� Scientific managerial techniques.

� Various aspects of management: finance,mktg, prodn, inventory control, labour lawsand taxation.



Concept of Intrapreneurship

� It¶s a process by which new ventures are

born within the confines of an existing

corporation.

� Also known as Corporate

Entrepreneurship.

� Innovative employees disrupt the

organisation in constructive ways to

instigate new products and services.



� Shiv Nadar and friends left DCM to start

HCL.

� Intrapreneurial activities-� 1)Corporate Venturing- creating new

businesses. Creating something of value

either by redefining the company¶s current

product or service or by developing a new

market



� 2).Organisational Innovation- technologicalinnovation affecting a product or service.

� 3).Self renewal- Transforming an orgn byrenewing the key ideas that form the basisof an orgn.

� 4).Proactiveness- Experimenting, making

use of aggressive opportunities, risktaking. They are leaders by innovationrather than just following their competitors.



Essence of Intrapreneurship

� To encourage top executives to become

entrepreneurs within an organisation

rather than establish themselves

independently.





Risk Profile

� Manager- cautious

� Intrapreneur / Entrepreneur-Moderate risk

taker � Activity- Mgrs - Delegates, more of

supervision rather than self involvement.

� Intrapreneur / Entrepreneur- DirectInvolvement



Time Perspective

� Manager- short term

� Intrapreneur ± Medium term

� Entrepreneur- Long term



Decision Making

� Managers- In accordance with senior

managers.

� Intrapreneur -

Able to get others to agree

� Entrepreneur ± Follows dreams with the

power of decision making.

Documents

EDP Enter Dev Prog