Entrepreneurship Development Programme Dr. Mohamed Riyazh Khan Dept of Management Studies

Entrepreneurship Development Programme Need for EDP’s: Traits or competencies are underlying characteristics of the entrepreneurs which result in superior performance. People appreciate the need for and importance of the entrepreneurial training to induce motivation and competence among the young prospective entrepreneurs

Objectives of EDP’s Develop and strengthen their entrepreneurial quality Analyse environmental set up relating to small industry and business Select product Formulate project for the product Understand the process and procedure Know the sources of help and support available Acquire the necessary managerial skills Appreciate the needed entrepreneurial discipline

Other important objectives Let the entrepreneur set or reset the objectives and strive for their realization Prepare to accept the uncertainty involved Enable to take decisions Develop a broad vision Make him subscribe to industrial democracy Develop passion for integrity and honesty Make him learn compliance with Law

Course contents and Curriculum of EDP’s General introduction to Entrepreneurship - factors affecting small scale industries ,the role of entrepreneurs in economic development ,entrepreneurial behavior and the facilities available for establishing SSI Motivation training - Efforts are made to inject confidence and positive attitude and behaviour among participants towards business 3.Management skills - Knowledge of managerial skills enables an entrepreneur to run his/her enterprise smoothly and successfully.

4.Support system and Procedure - support available from different institutions and agencies for setting up and running small scale enterprises 5.Fundamentals of Project Feasibility study - provide guidelines on the effective analysis of feasibility or viability of the particular project 6.Plant visits - to familiarize the participants with real life situations in small business ,plant visits are also arranged

Phases of EDPs Pre- training phase Training phase Post- training phase

Phases of EDPs 1. PRE- TRAINING PHASE Selection of entrepreneurs Arrangement of infrastructure Tie-up of Guest faculty for the training purposes Arrangement for inauguration of the programme Selection of necessary tools and techniques Formation of selection committee Arrangement for publicity and campaigning Development of application form Finalization of training syllabus Pre-potential survey of opportunities available

Phases of EDPs 2. TRAINING PHASE : Need for achievement A trainer should see the following changes in the behavior of the trainees attitudinally tuned very much towards his proposed project ideas motivated to plunge into entrepreneurial career and bear risk How should he behave like an Entrepreneur What kinds of Entrepreneurial traits he lacks the most Whether he possess the knowledge of technology and resources Does he possess the required skill in selecting the viable product; mobilizing the required resources at the right time

Phases of EDPs 3. POST-TRAINING PHASE: (Follow-up) Review the pre-training work Review the process of training programme Review past training approach

Assessing the Effectiveness of EDPs Activity level of the respondents New enterprise established Total investments made Investments in the fixed assets made Number of people employed Number of jobs created Increase in profit Increase in sales Quality of product/ service improved Quicker repayment of loans

EDPs measured with Entrepreneurial behavior Planning orientation Achievement orientation Expansion orientation Management orientation

Problems faced by EDP Trainer motivations are not found up to the mark in motivating the trainees to start their own enterprises. ED organizations lack in commitment and sincerity in conducting the EDPs Non conducive environment and constraints make the trainers-motivator role ineffective. The antithetic attitude of the supporting agencies. Selection of wrong trainees also leads to low success rate of EDP