Comprehensive Entrepreneurship Management and Development Training Program in India

1. Entrepreneurship Management Training and Entrepreneurship Development Programme in India Importance of training Methods of training EDP- Need and importance Phases of EDP Selection of entrepreneurs for EDP Training programme - Course contents Pre requisites of EDP Organisations providing EDP

2. 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 • Minimise accidents on the job • Reduce fatigue and increase speed of work • Standardisation in industry and internal processes

3. Entrepreneurship Management Methods of Training • Individual instruction • Group instruction • Lecture method • Demonstration method • Written instruction method • Conference • Meetings

4. 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

5. 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

6. Entrepreneurship Management Selection of entrepreneurs for EDP • The programme is well publicised and promoted to attract maximum applications for screening • Selection of top 25 to 30 applicants only • Applications screened for: • Demographics and socio cultural data – age, education, work exp, financial resources, type of business etc • Motivation factors – pull factors, source of encouragement, credibility, endurance, concreteness of plans • Psychological test results- traits like risk taking, need for achievement

7. Entrepreneurship Management Training – Course contents • Introduction to entrepreneurship • Motivation training • Essentials of management • Fundamentals of project feasibility study • Organising the business • Plant visit

8. Entrepreneurship Management Pre requisites of EDP • Selection of entrepreneurs • Inputs for EDP • Support system • Follow up

9. Entrepreneurship Management Organisations providing EDP

10. Entrepreneurship Management National Institute for entrepreneurship and Small Business Development (NIESBUD) • Established by Government of India in 1983 • 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

11. Entrepreneurship Management Small Industries Service Institutes (SISI) • 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

12. Entrepreneurship Management Small Industries Development Organisation (SIDO) • Runs EDP in collaboration with financial institutes, directorate of industries • Gives on the job training on shop floor (carpentry, electrical devices) • Sends its officials/trainers to organisations to update their knowledge

13. Entrepreneurship Management National Small Industries Corporation (NSIC) • Provides apprenticeship for 2 years • Training supervisory staff of SSI up to 2 years • Training to engineers up to 2 years • Training workmen for 12 months • Training to set up own venture • Advice on machinery and components • Production of technologically advanced machines

14. Entrepreneurship Management Entrepreneurship Development Institute of India (EDII) • 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

15. Entrepreneurship Management National Alliance of Young Entrepreneurs (NAYE) • Contribution in encouraging women entrepreneurship • Set up women’s wing in 1975 • This wing assists women in: • 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