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By: Atul Shukla

MBA 3rd

semester

Entrepreneurial DevelopmentProgramme

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Meaning of EDP:

Entrepreneurial Development Programme (EDP)means programme designed to help a person instrengthening his entrepreneurial motives and in

acquiring skills and capabilities for playing hisentrepreneurial role effectively.

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Need of EDP:

Human resource development tool

Removing unemployment

Enhancing industrial development

Promoting small-scale industries

Developing industrially underdeveloped regions

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Three major variables of EDP:

Location

Target group

Enterprise

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Appropriate design:

EDP broadly envisages three-tiered approach:1).developing achievement motivation andsharpening of entrepreneurial traits and

behavior.

2).project planning and development andguidance on industrial opportunities

3).incentives and facilities and rules andregulations and developing managerial andoperational capabilities

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Misconceptions about EDP:

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

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Entrepreneurial development cycle

EntrepreneurialDevelopment

cycle

simulatory

supportsustaining

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Objectives of the programme

To promote the development of small andmedium enterprises that would encourage self-employment among potential entrepreneurs

To develop entrepreneurial capabilities forpotential entrepreneurs and upgrade managerialskills of existing entrepreneurs.

To generate employment and self-employment.

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Entrepreneurial behavior:

Grasping opportunity

Taking initiative

Solving problem creatively

Managing autonomously

Taking responsibility for, and owner of, things

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Entrepreneurial attributes

Achievement orientation and ambition

Self confidence and self esteem

Preserverance

High internal locus of control

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Entrepreneurial attributes

Action orientation

Preference for learning by doing

Hardworking

Determination

Creativity

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Entrepreneurial skill

Holistically managing business/projects/situations

Strategic thinking

Intuitive decision making under uncertainty

Networking

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Entrepreneurial skill

Creative problem solving

Persuading

Negotiating

Selling

Proposing

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Types of EDP

Entrepreneurship awareness training program

Industrial motivation program

Entrepreneurship development program

Product-oriented entrepreneurship developmenttraining program

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Types of EDP

Skill development program

Management development program

Target-group oriented entrepreneurshipdevelopment training program

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Structuring Entrepreneurial DevelopmentProgrammes :

Survey of entrepreneurial opportunities

Selection of entrepreneurs

Experiences in EDPs abroad

Entrepreneurial awareness

Entrepreneurial practices

Entrepreneurial discipline

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Issues of EDP

Structure and composition of EDP Areas of operationFixing priorities

Lack of specialists support Inherent inabilityDiverse opinions

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Strategy for entrepreneurial development

Public entrepreneurship should remain confined

Development of industrial culture.

Management education and industrial training

Development of backward regions

Mobilising and fostering entrepreneurial talent incountry

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Strategy for entrepreneurial development

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 ofentrepreneurs

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Conclusion :It is now well recognized that entrepreneurs canbe developed through appropriately designedentrepreneurship development program. Suchprograms not only help to get training but alsomake entrepreneurs aware of opportunities,planning for projects, providing financial supportand setting up the enterprise. They focus onblending managerial and entrepreneurial

capabilities for overall industrial growth.

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