Self Employment &Entrepreneurship Development

Unit-1

Introduction to Self Employment andEntrepreneurship Development

(3351906)

Self Employment &Entrepreneurship Development

Unit-1

Introduction to Self Employment andEntrepreneurship Development

(3351906)

Index

1.1 Introduction of self – employment- Concept and need in present Indian job market Context.- Characteristic of self-employment areas for mechanical engg.

field-Broader ways to identify self –employment areas in mechanicalengg.

1.1 Introduction of self – employment- Concept and need in present Indian job market Context.- Characteristic of self-employment areas for mechanical engg.

field-Broader ways to identify self –employment areas in mechanicalengg.

1.2 Creativity – concept , examples related to application inmechanical engg , way to develop.

1.3 Innovativeness - concept , examples related to application inmechanical engg , way to develop.

1.1 Introduction of self – employment- Concept and need in present Indian job market Context.- Characteristic of self-employment areas for mechanical engg.

field-Broader ways to identify self –employment areas in mechanicalengg.

1.1 Introduction of self – employment- Concept and need in present Indian job market Context.- Characteristic of self-employment areas for mechanical engg.

field-Broader ways to identify self –employment areas in mechanicalengg.

1.2 Creativity – concept , examples related to application inmechanical engg , way to develop.

1.3 Innovativeness - concept , examples related to application inmechanical engg , way to develop.

1.4 Entrepreneurship development:i. Concept and need.ii. Scope in local and global market.iii. Qualities of entrepreneur and Characteristics of Diploma holder

as a self-employer like developing networking and personalcontacts, communication skills, transferable work skills, positive workskills, conflict resolution, professional dress, workplace legal issues, workethic, etc.

1.5 Concept and importance of productivity, quality, cost consciousness andcustomers’ satisfaction.

1.6 Types of enterprise-i. Sole partnership.ii. Partnership firm.iii. Joint stock company.iv. Co-operative society.

1.4 Entrepreneurship development:i. Concept and need.ii. Scope in local and global market.iii. Qualities of entrepreneur and Characteristics of Diploma holder

as a self-employer like developing networking and personalcontacts, communication skills, transferable work skills, positive workskills, conflict resolution, professional dress, workplace legal issues, workethic, etc.

1.5 Concept and importance of productivity, quality, cost consciousness andcustomers’ satisfaction.

1.6 Types of enterprise-i. Sole partnership.ii. Partnership firm.iii. Joint stock company.iv. Co-operative society.

1.4 Entrepreneurship development:i. Concept and need.ii. Scope in local and global market.iii. Qualities of entrepreneur and Characteristics of Diploma holder

as a self-employer like developing networking and personalcontacts, communication skills, transferable work skills, positive workskills, conflict resolution, professional dress, workplace legal issues, workethic, etc.

1.5 Concept and importance of productivity, quality, cost consciousness andcustomers’ satisfaction.

1.6 Types of enterprise-i. Sole partnership.ii. Partnership firm.iii. Joint stock company.iv. Co-operative society.

1.4 Entrepreneurship development:i. Concept and need.ii. Scope in local and global market.iii. Qualities of entrepreneur and Characteristics of Diploma holder

as a self-employer like developing networking and personalcontacts, communication skills, transferable work skills, positive workskills, conflict resolution, professional dress, workplace legal issues, workethic, etc.

1.5 Concept and importance of productivity, quality, cost consciousness andcustomers’ satisfaction.

1.6 Types of enterprise-i. Sole partnership.ii. Partnership firm.iii. Joint stock company.iv. Co-operative society.

1.1 Government schemes for promoting and assistingself-employmentAs self-employment is a crucial economic event, central as well asstate government have launched several scheme to encourage self-employment as under:• SEEUY (Self-Employment for Educated Unemployed Youth

• SEPUP (Self-Employed Program for Urban Poor)• SEPUP (Self-Employed Program for Urban Poor)

• IRDP (Integrated Rural Development Program)• TRYSEM (Training for Rural Youth for Self-EMployment)

• DWCRA (Development of Women and Children in rural areas)

1.1 Government schemes for promoting and assistingself-employmentAs self-employment is a crucial economic event, central as well asstate government have launched several scheme to encourage self-employment as under:• SEEUY (Self-Employment for Educated Unemployed Youth

• SEPUP (Self-Employed Program for Urban Poor)• SEPUP (Self-Employed Program for Urban Poor)

• IRDP (Integrated Rural Development Program)• TRYSEM (Training for Rural Youth for Self-EMployment)

• DWCRA (Development of Women and Children in rural areas)

• JRY (Jawahar Rojgar Yojna)

• EAS (Employment Assurance Scheme)

• SJSRY (Swarna Jayanti Shahari Rojgar Yojna)

• PMRY(Prime Minister Rojgar Yojna )

• NREGA (Nation Rural Employment Guarantee Act,2005)• NREGA (Nation Rural Employment Guarantee Act,2005)

• MANREGA ( MAhatma Gandhi Nation Rural EmploymentGuarantee Act,2005)

• JRY (Jawahar Rojgar Yojna)

• EAS (Employment Assurance Scheme)

• SJSRY (Swarna Jayanti Shahari Rojgar Yojna)

• PMRY(Prime Minister Rojgar Yojna )

• NREGA (Nation Rural Employment Guarantee Act,2005)• NREGA (Nation Rural Employment Guarantee Act,2005)

• MANREGA ( MAhatma Gandhi Nation Rural EmploymentGuarantee Act,2005)

Definition of self-employment

self-employment is an act of generating the income of a self-employedperson directly from customers ,clients or any other organization asopposed to being an employee working for the another person forsalary or wages

OR

self-employment is a situation in which an individual works forhimself instead of working for an employer that pays a salaries orwages.

self-employment is an act of generating the income of a self-employedperson directly from customers ,clients or any other organization asopposed to being an employee working for the another person forsalary or wages

OR

self-employment is a situation in which an individual works forhimself instead of working for an employer that pays a salaries orwages.

Definition of self-employment

self-employment is an act of generating the income of a self-employedperson directly from customers ,clients or any other organization asopposed to being an employee working for the another person forsalary or wages

OR

self-employment is a situation in which an individual works forhimself instead of working for an employer that pays a salaries orwages.

self-employment is an act of generating the income of a self-employedperson directly from customers ,clients or any other organization asopposed to being an employee working for the another person forsalary or wages

OR

self-employment is a situation in which an individual works forhimself instead of working for an employer that pays a salaries orwages.

Need for self employment in Indian job market

There are large number of youth population in India. As per 2011census, out of 125 crores population about 60% i.e. 75 crores peopleare in the age group of below 30.India has highest youth population inthe world.

Youth population has to get involved in some economic activities forincome generation .The three popular courses of career path areEmployment ,Self-employment and Entrepreneurship.

Youth population has to get involved in some economic activities forincome generation .The three popular courses of career path areEmployment ,Self-employment and Entrepreneurship.

Need for self employment in Indian job market

There are large number of youth population in India. As per 2011census, out of 125 crores population about 60% i.e. 75 crores peopleare in the age group of below 30.India has highest youth population inthe world.

Youth population has to get involved in some economic activities forincome generation .The three popular courses of career path areEmployment ,Self-employment and Entrepreneurship.

Youth population has to get involved in some economic activities forincome generation .The three popular courses of career path areEmployment ,Self-employment and Entrepreneurship.

The need for self employment in the Indian economy can beenumerated as under.

• Vast population

• Vast unemployment

• Illiteracy

• Poverty• Poverty

• Decentralized economic development

• Stoppage of exploitation by capitalists

• Development of creativity and excellence

• Rural craft are inherited

• Improvement in standard of living

The need for self employment in the Indian economy can beenumerated as under.

• Decentralized economic development

• Stoppage of exploitation by capitalists

• Development of creativity and excellence

• Improvement in standard of living

• Export earning

• Contribution to economic growth

Area of self employment in mechanical engineering field

India is an agro based vast country with paucity of capital, withhigh unemployment and lower literacy level, Self –employment is astrategic arrangement for economic development of people and thecountry.

India is an agro based vast country with paucity of capital, withhigh unemployment and lower literacy level, Self –employment is astrategic arrangement for economic development of people and thecountry.

• Contribution to economic growth

Area of self employment in mechanical engineering field

India is an agro based vast country with paucity of capital, withhigh unemployment and lower literacy level, Self –employment is astrategic arrangement for economic development of people and thecountry.

India is an agro based vast country with paucity of capital, withhigh unemployment and lower literacy level, Self –employment is astrategic arrangement for economic development of people and thecountry.

Scope for trained mechanical diploma holder

The government of India and all state government have provided manypromotional incentives and assistance to encourage the micro andsmall industries under the self-employment medium.There are some liberal schemes for qualified engineers.

The Self-employment can be developed in following areas using themechanical engineering skill.

Scope for trained mechanical diploma holder

The government of India and all state government have provided manypromotional incentives and assistance to encourage the micro andsmall industries under the self-employment medium.There are some liberal schemes for qualified engineers.

The Self-employment can be developed in following areas using themechanical engineering skill.

• Self-employment in urban areas

• Self-employment in suburban areas

Scope for trained mechanical diploma holder

The government of India and all state government have provided manypromotional incentives and assistance to encourage the micro andsmall industries under the self-employment medium.There are some liberal schemes for qualified engineers.

The Self-employment can be developed in following areas using themechanical engineering skill.

Scope for trained mechanical diploma holder

The government of India and all state government have provided manypromotional incentives and assistance to encourage the micro andsmall industries under the self-employment medium.There are some liberal schemes for qualified engineers.

The Self-employment can be developed in following areas using themechanical engineering skill.

• Self-employment in urban areas

• Self-employment in suburban areas

• Self-employment opportunities in rural areas

• Village and cottage industries

• Freelance Self-employment

Broader areas of identification of self –employment in mechanicalengineeringBroader areas of identification of self –employment in mechanicalengineering

• A mechanical engineer turns ideas into product. He has to getinvolved in designing ,drafting ,developing and testing thecomplex mechanical system.

• Self-employment opportunities in rural areas

• Village and cottage industries

• Freelance Self-employment

Broader areas of identification of self –employment in mechanicalengineeringBroader areas of identification of self –employment in mechanicalengineering

• A mechanical engineer turns ideas into product. He has to getinvolved in designing ,drafting ,developing and testing thecomplex mechanical system.

• The initial efforts need application of scientific principles andtechnical information they have studied in their student career inengineering branch for shaping a conceptual framework.

• After the conception designing stage emerges• An entrepreneur will design an appropriate product.

• At this stage, he will develop 3D modeling and a range ofanalytical tools.

• At this stage, he will develop 3D modeling and a range ofanalytical tools.

• The detail design of a product is created along with theconsideration like consumption of materials, manufacturing ofwhole product or component, assembling in case of use ofcomponents, the costs and the performance attributes of a product

• The initial efforts need application of scientific principles andtechnical information they have studied in their student career inengineering branch for shaping a conceptual framework.

• After the conception designing stage emerges• An entrepreneur will design an appropriate product.

• At this stage, he will develop 3D modeling and a range ofanalytical tools.

• At this stage, he will develop 3D modeling and a range ofanalytical tools.

• The detail design of a product is created along with theconsideration like consumption of materials, manufacturing ofwhole product or component, assembling in case of use ofcomponents, the costs and the performance attributes of a product

• Albert Eienstein“I am an ordinary person like you, but I possess a passionatecuriosity.”

• Dr. A.P.J.Abdul Kalam

“ Ignited Mind”

• Albert Eienstein“I am an ordinary person like you, but I possess a passionatecuriosity.”

Identification of Broader activities using the mechnicalengineering skill.1. Opportunities in mechanical engineering field

Process engg.Quality testing engg.Maintenance engg.System engg.Process safeguarding and safety engg.Structural engg.Naval architectureAeronautic TechnologyRobotic technology

1. Opportunities in mechanical engineering fieldProcess engg.Quality testing engg.Maintenance engg.System engg.Process safeguarding and safety engg.Structural engg.Naval architectureAeronautic TechnologyRobotic technology

Identification of Broader activities using the mechnicalengineering skill.1. Opportunities in mechanical engineering field

Process engg.Quality testing engg.Maintenance engg.System engg.Process safeguarding and safety engg.Structural engg.Naval architectureAeronautic TechnologyRobotic technology

1. Opportunities in mechanical engineering fieldProcess engg.Quality testing engg.Maintenance engg.System engg.Process safeguarding and safety engg.Structural engg.Naval architectureAeronautic TechnologyRobotic technology

2. Products using mechanical engineering skills.

• Mechanics : Static, Dynamic, Mechanics of machine, FluidMechanics , Kinetics etc.

• Robotics : Mechanical engg. Related to electrical and software engg.Robotics are used in industrial process, assembly line ,space explosion etc.

• Robotics : Mechanical engg. Related to electrical and software engg.Robotics are used in industrial process, assembly line ,space explosion etc.

• Thermodynamics : Thermo fluid , Heat transfer, energyconservation etc.

• Structural analysis : Study of failures , breaks, deformed plasticityand reaching to the cause of ultimate failures

2. Products using mechanical engineering skills.

• Mechanics : Static, Dynamic, Mechanics of machine, FluidMechanics , Kinetics etc.

• Robotics : Mechanical engg. Related to electrical and software engg.Robotics are used in industrial process, assembly line ,space explosion etc.

• Robotics : Mechanical engg. Related to electrical and software engg.Robotics are used in industrial process, assembly line ,space explosion etc.

• Thermodynamics : Thermo fluid , Heat transfer, energyconservation etc.

• Structural analysis : Study of failures , breaks, deformed plasticityand reaching to the cause of ultimate failures

3. Application of mechanical engg. In car industry.

• Product study : Design intents , Assembly intents, Statisticaltolerance intents

• Product testing : Performance testing, Reliability testing

• Other type of testing : Vibration testing , Thermal testing, Climatetesting , salt spray testing

• Other type of testing : Vibration testing , Thermal testing, Climatetesting , salt spray testing

• Other system : Gasoline system , Chassis system control , Startermotor and generators , Security system , Drive and controltechnology, diesel system

3. Application of mechanical engg. In car industry.

• Product study : Design intents , Assembly intents, Statisticaltolerance intents

• Product testing : Performance testing, Reliability testing

• Other type of testing : Vibration testing , Thermal testing, Climatetesting , salt spray testing

• Other type of testing : Vibration testing , Thermal testing, Climatetesting , salt spray testing

• Other system : Gasoline system , Chassis system control , Startermotor and generators , Security system , Drive and controltechnology, diesel system

1.2 Creativity

The word creativity indicates some new creation. It has themiraculous power of the human mind .It is the strength of humanmind.

Concept of Creativity

It is related to the perceptual power of mind ,which is defined asunder :

1. It is a mental skill which is beyond the knowledge or science.

1.2 Creativity

The word creativity indicates some new creation. It has themiraculous power of the human mind .It is the strength of humanmind.

Concept of Creativity

It is related to the perceptual power of mind ,which is defined asunder :

1. It is a mental skill which is beyond the knowledge or science.

1.2 Creativity

The word creativity indicates some new creation. It has themiraculous power of the human mind .It is the strength of humanmind.

Concept of Creativity

It is related to the perceptual power of mind ,which is defined asunder :

1. It is a mental skill which is beyond the knowledge or science.

1.2 Creativity

The word creativity indicates some new creation. It has themiraculous power of the human mind .It is the strength of humanmind.

Concept of Creativity

It is related to the perceptual power of mind ,which is defined asunder :

1. It is a mental skill which is beyond the knowledge or science.

2. It is a skill of mind power

3. It tends to be original and it is more then the technical skill

4.It refers to the mental skill of the persons which equips them tomake new idea in new areas

5. It is processing of producing something that is both original andworthwhile

2. It is a skill of mind power

3. It tends to be original and it is more then the technical skill

4.It refers to the mental skill of the persons which equips them tomake new idea in new areas

5. It is processing of producing something that is both original andworthwhile

2. It is a skill of mind power

3. It tends to be original and it is more then the technical skill

4.It refers to the mental skill of the persons which equips them tomake new idea in new areas

5. It is processing of producing something that is both original andworthwhile

2. It is a skill of mind power

3. It tends to be original and it is more then the technical skill

4.It refers to the mental skill of the persons which equips them tomake new idea in new areas

5. It is processing of producing something that is both original andworthwhile

Examples related to application of creativity in mechanical engg.

• Mechanical engg. Is a branch of engg. Discipline using the principleof physics ,chemistry , electrical and electronics ,civil and structuralengg., Kinetic , Thermodynamic ,material and metal science etc.

• There are substantial scope of application of creativity in designing, manufacturing and maintaining diverse categories of productseither invented exclusively or are made to resolve a problem facedby consuming community.

• There are substantial scope of application of creativity in designing, manufacturing and maintaining diverse categories of productseither invented exclusively or are made to resolve a problem facedby consuming community.

Examples related to application of creativity in mechanical engg.

• Mechanical engg. Is a branch of engg. Discipline using the principleof physics ,chemistry , electrical and electronics ,civil and structuralengg., Kinetic , Thermodynamic ,material and metal science etc.

• There are substantial scope of application of creativity in designing, manufacturing and maintaining diverse categories of productseither invented exclusively or are made to resolve a problem facedby consuming community.

• There are substantial scope of application of creativity in designing, manufacturing and maintaining diverse categories of productseither invented exclusively or are made to resolve a problem facedby consuming community.

Creativity based on mechanical applications

plants (series of machine)Industrial machineRoboticsMechanical deviceWeaponsApparatusVesselsCranesAutomation in material handlingMachine accessoriesWater craftetc.

Creativity based on mechanical applications

plants (series of machine)Industrial machineRoboticsMechanical deviceWeaponsApparatusVesselsCranesAutomation in material handlingMachine accessoriesWater craftetc.

Creativity based on mechanical applications

plants (series of machine)Industrial machineRoboticsMechanical deviceWeaponsApparatusVesselsCranesAutomation in material handlingMachine accessoriesWater craftetc.

Creativity based on mechanical applications

plants (series of machine)Industrial machineRoboticsMechanical deviceWeaponsApparatusVesselsCranesAutomation in material handlingMachine accessoriesWater craftetc.

The application area is still very large in relation to otherbranches of engg.

“You name any product , the mechanical engg. Skill will makeit.”

The applicability of creativity can occur at every stage ofmechanical engg.

The application area is still very large in relation to otherbranches of engg.

“You name any product , the mechanical engg. Skill will makeit.”

The applicability of creativity can occur at every stage ofmechanical engg.

The application area is still very large in relation to otherbranches of engg.

“You name any product , the mechanical engg. Skill will makeit.”

The applicability of creativity can occur at every stage ofmechanical engg.

The application area is still very large in relation to otherbranches of engg.

“You name any product , the mechanical engg. Skill will makeit.”

The applicability of creativity can occur at every stage ofmechanical engg.

Way to develop creativity

The creative solution to a problem is very much needed. It is possibleonly through the use of creativity techniques.

Some important techniques are as under :

• Aleatory techniques

• Improvisation

“ Excellence is a journey and not a destination”

• Problem solving methods

Way to develop creativity

The creative solution to a problem is very much needed. It is possibleonly through the use of creativity techniques.

Some important techniques are as under :

“ Excellence is a journey and not a destination”

• Problem solving methods

1.3 Concepts of innovativeness

The term innovativeness is derived from the noun innovation whichmeans something original and new .

It relates to the logical skill of the human mind which always probesinto doing something different and unconventional.

Innovator do the things differently than the common persons. They arethe initiators.

1.3 Concepts of innovativeness

The term innovativeness is derived from the noun innovation whichmeans something original and new .

It relates to the logical skill of the human mind which always probesinto doing something different and unconventional.

Innovator do the things differently than the common persons. They arethe initiators.

1.3 Concepts of innovativeness

The term innovativeness is derived from the noun innovation whichmeans something original and new .

It relates to the logical skill of the human mind which always probesinto doing something different and unconventional.

Innovator do the things differently than the common persons. They arethe initiators.

1.3 Concepts of innovativeness

The term innovativeness is derived from the noun innovation whichmeans something original and new .

It relates to the logical skill of the human mind which always probesinto doing something different and unconventional.

Innovator do the things differently than the common persons. They arethe initiators.

Definition :

“The term innovativeness refers to the mental power of person tointroduce something new for the first time.”

“The innovativeness means introduction of new things , newideas or new way of doing the things for the first time.”

“The innovativeness means the originality involved in newlyintroduced things, processes or ideas.”

Definition :

“The term innovativeness refers to the mental power of person tointroduce something new for the first time.”

“The innovativeness means introduction of new things , newideas or new way of doing the things for the first time.”

“The innovativeness means the originality involved in newlyintroduced things, processes or ideas.”

Definition :

“The term innovativeness refers to the mental power of person tointroduce something new for the first time.”

“The innovativeness means introduction of new things , newideas or new way of doing the things for the first time.”

“The innovativeness means the originality involved in newlyintroduced things, processes or ideas.”

Definition :

“The term innovativeness refers to the mental power of person tointroduce something new for the first time.”

“The innovativeness means introduction of new things , newideas or new way of doing the things for the first time.”

“The innovativeness means the originality involved in newlyintroduced things, processes or ideas.”

Way to develop innovativeness

The mind power is divided into two parts – the articulative power andthe scientific and logical power of mind.

The innovativeness is the result of the combination of both thesepower.

Innovativeness is specialized skill , it is developed by training andpracticing. Some popular method of development of innovativeness arediscussed as under.

Way to develop innovativeness

The mind power is divided into two parts – the articulative power andthe scientific and logical power of mind.

The innovativeness is the result of the combination of both thesepower.

Innovativeness is specialized skill , it is developed by training andpracticing. Some popular method of development of innovativeness arediscussed as under.

Way to develop innovativeness

The mind power is divided into two parts – the articulative power andthe scientific and logical power of mind.

The innovativeness is the result of the combination of both thesepower.

Innovativeness is specialized skill , it is developed by training andpracticing. Some popular method of development of innovativeness arediscussed as under.

Way to develop innovativeness

The mind power is divided into two parts – the articulative power andthe scientific and logical power of mind.

The innovativeness is the result of the combination of both thesepower.

Innovativeness is specialized skill , it is developed by training andpracticing. Some popular method of development of innovativeness arediscussed as under.

The innovativeness stems from the divergent fluency of thinking andconvergent linkage of the related ideas. The method based ondivergent and convergent thinking are as under.

Method based on divergent thinking:

1. Brain storming2. Attribute listing3. Bio mimicry4. Osborn checklist5. Challenge assumptions technique6. Excursion technique7. Lotus blossom technique8. Systematic innovative thinking

The innovativeness stems from the divergent fluency of thinking andconvergent linkage of the related ideas. The method based ondivergent and convergent thinking are as under.

Method based on divergent thinking:

1. Brain storming2. Attribute listing3. Bio mimicry4. Osborn checklist5. Challenge assumptions technique6. Excursion technique7. Lotus blossom technique8. Systematic innovative thinking

The innovativeness stems from the divergent fluency of thinking andconvergent linkage of the related ideas. The method based ondivergent and convergent thinking are as under.

Method based on divergent thinking:

1. Brain storming2. Attribute listing3. Bio mimicry4. Osborn checklist5. Challenge assumptions technique6. Excursion technique7. Lotus blossom technique8. Systematic innovative thinking

The innovativeness stems from the divergent fluency of thinking andconvergent linkage of the related ideas. The method based ondivergent and convergent thinking are as under.

Method based on divergent thinking:

1. Brain storming2. Attribute listing3. Bio mimicry4. Osborn checklist5. Challenge assumptions technique6. Excursion technique7. Lotus blossom technique8. Systematic innovative thinking

Method based on convergent thinking

1. Enhancement checklist method2. Force field analysis3. Idea advocacy method4.Weighted selection method5. PINC filter method

Method based on convergent thinking

1. Enhancement checklist method2. Force field analysis3. Idea advocacy method4.Weighted selection method5. PINC filter method

Method based on convergent thinking

1. Enhancement checklist method2. Force field analysis3. Idea advocacy method4.Weighted selection method5. PINC filter method

Method based on convergent thinking

1. Enhancement checklist method2. Force field analysis3. Idea advocacy method4.Weighted selection method5. PINC filter method

1.4 Introduction to ED

The working population of any society is broadly divided into twoways:

1.Entrepreneurs2.Employer

In the middle range ,there falls the self employed persons whosenumbers are large in society.

1.4 Introduction to ED

The working population of any society is broadly divided into twoways:

1.Entrepreneurs2.Employer

In the middle range ,there falls the self employed persons whosenumbers are large in society.

1.4 Introduction to ED

The working population of any society is broadly divided into twoways:

1.Entrepreneurs2.Employer

In the middle range ,there falls the self employed persons whosenumbers are large in society.

1.4 Introduction to ED

The working population of any society is broadly divided into twoways:

1.Entrepreneurs2.Employer

In the middle range ,there falls the self employed persons whosenumbers are large in society.

The Entrepreneurship Development Institute of India (EDI), anautonomous body and not-for-profit institution, set up in 1983.

Gujarat Industrial Investment Corporation Limited(GIIC)For the past three decades, GIIC has continually evolved to grow intoa significant force in Gujarat’s industrial development.

The Entrepreneurship Development Institute of India (EDI), anautonomous body and not-for-profit institution, set up in 1983.

Gujarat Industrial Investment Corporation Limited(GIIC)For the past three decades, GIIC has continually evolved to grow intoa significant force in Gujarat’s industrial development.

The Entrepreneurship Development Institute of India (EDI), anautonomous body and not-for-profit institution, set up in 1983.

Gujarat Industrial Investment Corporation Limited(GIIC)For the past three decades, GIIC has continually evolved to grow intoa significant force in Gujarat’s industrial development.

The Entrepreneurship Development Institute of India (EDI), anautonomous body and not-for-profit institution, set up in 1983.

Gujarat Industrial Investment Corporation Limited(GIIC)For the past three decades, GIIC has continually evolved to grow intoa significant force in Gujarat’s industrial development.

The Centre for Entrepreneurship Development (CED) Government ofGujarat Organization is the 1st of this kind in the country, establishedin 1979, engaged in promoting Skill and Entrepreneurship across thestate of Gujarat.

Entrepreneurship is the process of creating new venture with value bydevoting time and effort; assuming the accompanying financial,psychological and social risks; and receiving the resultant rewards ofmonitory, personal satisfaction and independence.

The Centre for Entrepreneurship Development (CED) Government ofGujarat Organization is the 1st of this kind in the country, establishedin 1979, engaged in promoting Skill and Entrepreneurship across thestate of Gujarat.

Entrepreneurship is the process of creating new venture with value bydevoting time and effort; assuming the accompanying financial,psychological and social risks; and receiving the resultant rewards ofmonitory, personal satisfaction and independence.

The Centre for Entrepreneurship Development (CED) Government ofGujarat Organization is the 1st of this kind in the country, establishedin 1979, engaged in promoting Skill and Entrepreneurship across thestate of Gujarat.

Entrepreneurship is the process of creating new venture with value bydevoting time and effort; assuming the accompanying financial,psychological and social risks; and receiving the resultant rewards ofmonitory, personal satisfaction and independence.

The Centre for Entrepreneurship Development (CED) Government ofGujarat Organization is the 1st of this kind in the country, establishedin 1979, engaged in promoting Skill and Entrepreneurship across thestate of Gujarat.

Entrepreneurship is the process of creating new venture with value bydevoting time and effort; assuming the accompanying financial,psychological and social risks; and receiving the resultant rewards ofmonitory, personal satisfaction and independence.

Entrepreneurship is the backbone of economy for any country.

The Entrepreneurship development activities of the CED can beclassified in to various heads, which include formation ofentrepreneurial environment, Entrepreneurship training, specializedtraining program for first & Second generation entrepreneurs.

Mainly this training program targeted for industries sustainability andGrowth as well as for improvement of the soft skill of theentrepreneur & enterprise manpower.

Entrepreneurship is the backbone of economy for any country.

The Entrepreneurship development activities of the CED can beclassified in to various heads, which include formation ofentrepreneurial environment, Entrepreneurship training, specializedtraining program for first & Second generation entrepreneurs.

Mainly this training program targeted for industries sustainability andGrowth as well as for improvement of the soft skill of theentrepreneur & enterprise manpower.

Entrepreneurship is the backbone of economy for any country.

The Entrepreneurship development activities of the CED can beclassified in to various heads, which include formation ofentrepreneurial environment, Entrepreneurship training, specializedtraining program for first & Second generation entrepreneurs.

Mainly this training program targeted for industries sustainability andGrowth as well as for improvement of the soft skill of theentrepreneur & enterprise manpower.

Entrepreneurship is the backbone of economy for any country.

The Entrepreneurship development activities of the CED can beclassified in to various heads, which include formation ofentrepreneurial environment, Entrepreneurship training, specializedtraining program for first & Second generation entrepreneurs.

Mainly this training program targeted for industries sustainability andGrowth as well as for improvement of the soft skill of theentrepreneur & enterprise manpower.

The National Science & Technology Entrepreneurship DevelopmentBoard (NSTEDB), established in 1982 by the Government of Indiaunder the aegis of Department of Science & Technology, is aninstitutional mechanism to help promote knowledge driven andtechnology intensive enterprises.

The Board, having representations from socio-economic and scientificMinistries/Departments, aims to convert "job-seekers" into "job-generators" through Science & Technology (S&T) interventions.

The National Science & Technology Entrepreneurship DevelopmentBoard (NSTEDB), established in 1982 by the Government of Indiaunder the aegis of Department of Science & Technology, is aninstitutional mechanism to help promote knowledge driven andtechnology intensive enterprises.

The Board, having representations from socio-economic and scientificMinistries/Departments, aims to convert "job-seekers" into "job-generators" through Science & Technology (S&T) interventions.

The National Science & Technology Entrepreneurship DevelopmentBoard (NSTEDB), established in 1982 by the Government of Indiaunder the aegis of Department of Science & Technology, is aninstitutional mechanism to help promote knowledge driven andtechnology intensive enterprises.

The Board, having representations from socio-economic and scientificMinistries/Departments, aims to convert "job-seekers" into "job-generators" through Science & Technology (S&T) interventions.

The National Science & Technology Entrepreneurship DevelopmentBoard (NSTEDB), established in 1982 by the Government of Indiaunder the aegis of Department of Science & Technology, is aninstitutional mechanism to help promote knowledge driven andtechnology intensive enterprises.

The Board, having representations from socio-economic and scientificMinistries/Departments, aims to convert "job-seekers" into "job-generators" through Science & Technology (S&T) interventions.

To promote and develop high-end entrepreneurship for S&Tmanpower as well as self-employment by utilizing S&T infrastructureand by using S&T methods.

To facilitate and conduct various informational services relating topromotion of entrepreneurship.

To network agencies of the support system, academic institutions andResearch & Development (R&D) organizations to fosterentrepreneurship and self-employing using S&T with special focus onbackward areas as well.

To act as a policy advisory body with regard to entrepreneurship.

To promote and develop high-end entrepreneurship for S&Tmanpower as well as self-employment by utilizing S&T infrastructureand by using S&T methods.

To facilitate and conduct various informational services relating topromotion of entrepreneurship.

To network agencies of the support system, academic institutions andResearch & Development (R&D) organizations to fosterentrepreneurship and self-employing using S&T with special focus onbackward areas as well.

To act as a policy advisory body with regard to entrepreneurship.

To promote and develop high-end entrepreneurship for S&Tmanpower as well as self-employment by utilizing S&T infrastructureand by using S&T methods.

To facilitate and conduct various informational services relating topromotion of entrepreneurship.

To network agencies of the support system, academic institutions andResearch & Development (R&D) organizations to fosterentrepreneurship and self-employing using S&T with special focus onbackward areas as well.

To act as a policy advisory body with regard to entrepreneurship.

To promote and develop high-end entrepreneurship for S&Tmanpower as well as self-employment by utilizing S&T infrastructureand by using S&T methods.

To facilitate and conduct various informational services relating topromotion of entrepreneurship.

To network agencies of the support system, academic institutions andResearch & Development (R&D) organizations to fosterentrepreneurship and self-employing using S&T with special focus onbackward areas as well.

To act as a policy advisory body with regard to entrepreneurship.

The National Institute for Entrepreneurship and Small BUsinessDevelopment (NIESBUD) is a premier organization of the Ministry ofSkill Development and Entrepreneurship engaged in training,consultancy, research, etc. in order to promote entrepreneurship. Themajor activities of the Institute are Training of Trainers, ManagementDevelopment Program, Entrepreneurship-cum-Skill DevelopmentProgram, Entrepreneurship Development Program and ClusterIntervention.

BRICS CountriesBrazil , Russia , India , China and South Africa

The National Institute for Entrepreneurship and Small BUsinessDevelopment (NIESBUD) is a premier organization of the Ministry ofSkill Development and Entrepreneurship engaged in training,consultancy, research, etc. in order to promote entrepreneurship. Themajor activities of the Institute are Training of Trainers, ManagementDevelopment Program, Entrepreneurship-cum-Skill DevelopmentProgram, Entrepreneurship Development Program and ClusterIntervention.

BRICS CountriesBrazil , Russia , India , China and South Africa

The National Institute for Entrepreneurship and Small BUsinessDevelopment (NIESBUD) is a premier organization of the Ministry ofSkill Development and Entrepreneurship engaged in training,consultancy, research, etc. in order to promote entrepreneurship. Themajor activities of the Institute are Training of Trainers, ManagementDevelopment Program, Entrepreneurship-cum-Skill DevelopmentProgram, Entrepreneurship Development Program and ClusterIntervention.

BRICS CountriesBrazil , Russia , India , China and South Africa

The National Institute for Entrepreneurship and Small BUsinessDevelopment (NIESBUD) is a premier organization of the Ministry ofSkill Development and Entrepreneurship engaged in training,consultancy, research, etc. in order to promote entrepreneurship. Themajor activities of the Institute are Training of Trainers, ManagementDevelopment Program, Entrepreneurship-cum-Skill DevelopmentProgram, Entrepreneurship Development Program and ClusterIntervention.

BRICS CountriesBrazil , Russia , India , China and South Africa

1.The concept and characteristic of ED:

Definition:

An agent who buys factors of production at certain prices in order tocombine them into a product with a view to selling it at uncertainprices in future.

ORThe entrepreneur is an economic function who undertakes theresponsibility of uncertainty which by its very nature cannot beinsured ,not capitalized , salarized.

1.The concept and characteristic of ED:

Definition:

An agent who buys factors of production at certain prices in order tocombine them into a product with a view to selling it at uncertainprices in future.

ORThe entrepreneur is an economic function who undertakes theresponsibility of uncertainty which by its very nature cannot beinsured ,not capitalized , salarized.

1.The concept and characteristic of ED:

Definition:

An agent who buys factors of production at certain prices in order tocombine them into a product with a view to selling it at uncertainprices in future.

ORThe entrepreneur is an economic function who undertakes theresponsibility of uncertainty which by its very nature cannot beinsured ,not capitalized , salarized.

1.The concept and characteristic of ED:

Definition:

An agent who buys factors of production at certain prices in order tocombine them into a product with a view to selling it at uncertainprices in future.

ORThe entrepreneur is an economic function who undertakes theresponsibility of uncertainty which by its very nature cannot beinsured ,not capitalized , salarized.

A person who introduces innovative changes is an entrepreneur.OR

An Entrepreneur is one who always searches for change, respond to itand exploit it as opportunity.

ORAn entrepreneur is defined as “person in effective control ofcommercial undertaking; one who undertakes a business or anenterprise”.

OREntrepreneur is an innovative person who maximizes his profits byfollowing new strategies or venturing into new products or services.

A person who introduces innovative changes is an entrepreneur.OR

An Entrepreneur is one who always searches for change, respond to itand exploit it as opportunity.

ORAn entrepreneur is defined as “person in effective control ofcommercial undertaking; one who undertakes a business or anenterprise”.

OREntrepreneur is an innovative person who maximizes his profits byfollowing new strategies or venturing into new products or services.

A person who introduces innovative changes is an entrepreneur.OR

An Entrepreneur is one who always searches for change, respond to itand exploit it as opportunity.

ORAn entrepreneur is defined as “person in effective control ofcommercial undertaking; one who undertakes a business or anenterprise”.

OREntrepreneur is an innovative person who maximizes his profits byfollowing new strategies or venturing into new products or services.

A person who introduces innovative changes is an entrepreneur.OR

An Entrepreneur is one who always searches for change, respond to itand exploit it as opportunity.

ORAn entrepreneur is defined as “person in effective control ofcommercial undertaking; one who undertakes a business or anenterprise”.

OREntrepreneur is an innovative person who maximizes his profits byfollowing new strategies or venturing into new products or services.

Who is a Entrepreneur............Who is a Entrepreneur............

Entrepreneurial Characteristics

Being an entrepreneur requires specific characteristics and skills that are oftenachieved through education, hard work, and planning.

Risk TakerBusinesses face risk. Entrepreneurs minimize risk through research, planning,and skill development.

PerceptiveEntrepreneurs view problems as opportunities and challenges.

CuriousEntrepreneurs like to know how things work. They take the time and initiative topursue the unknown.

Being an entrepreneur requires specific characteristics and skills that are oftenachieved through education, hard work, and planning.

Risk TakerBusinesses face risk. Entrepreneurs minimize risk through research, planning,and skill development.

PerceptiveEntrepreneurs view problems as opportunities and challenges.

CuriousEntrepreneurs like to know how things work. They take the time and initiative topursue the unknown.

Entrepreneurial Characteristics

Being an entrepreneur requires specific characteristics and skills that are oftenachieved through education, hard work, and planning.

Risk TakerBusinesses face risk. Entrepreneurs minimize risk through research, planning,and skill development.

PerceptiveEntrepreneurs view problems as opportunities and challenges.

CuriousEntrepreneurs like to know how things work. They take the time and initiative topursue the unknown.

Being an entrepreneur requires specific characteristics and skills that are oftenachieved through education, hard work, and planning.

Risk TakerBusinesses face risk. Entrepreneurs minimize risk through research, planning,and skill development.

PerceptiveEntrepreneurs view problems as opportunities and challenges.

CuriousEntrepreneurs like to know how things work. They take the time and initiative topursue the unknown.

ImaginativeEntrepreneurs are creative. They imagine solutions to problems that encouragethem to create new products and generate ideas.

PersistentTrue entrepreneurs face bureaucracy, make mistakes, receive criticism, and dealwith money, family, or stress problems. But they still stick to their dreams ofseeing the venture succeed.

Goal-settingEntrepreneurs are motivated by the excitement of starting a new business. Onceachieved, they seek out new goals or ventures to try.

HardworkingEntrepreneurs need a great deal of energy to see a venture start and succeed. Yetthey are not deterred by the long hours to achieve their goal.

Entrepreneurial Characteristics

ImaginativeEntrepreneurs are creative. They imagine solutions to problems that encouragethem to create new products and generate ideas.

PersistentTrue entrepreneurs face bureaucracy, make mistakes, receive criticism, and dealwith money, family, or stress problems. But they still stick to their dreams ofseeing the venture succeed.

Goal-settingEntrepreneurs are motivated by the excitement of starting a new business. Onceachieved, they seek out new goals or ventures to try.

HardworkingEntrepreneurs need a great deal of energy to see a venture start and succeed. Yetthey are not deterred by the long hours to achieve their goal.

ImaginativeEntrepreneurs are creative. They imagine solutions to problems that encouragethem to create new products and generate ideas.

PersistentTrue entrepreneurs face bureaucracy, make mistakes, receive criticism, and dealwith money, family, or stress problems. But they still stick to their dreams ofseeing the venture succeed.

Goal-settingEntrepreneurs are motivated by the excitement of starting a new business. Onceachieved, they seek out new goals or ventures to try.

HardworkingEntrepreneurs need a great deal of energy to see a venture start and succeed. Yetthey are not deterred by the long hours to achieve their goal.

Entrepreneurial Characteristics

ImaginativeEntrepreneurs are creative. They imagine solutions to problems that encouragethem to create new products and generate ideas.

PersistentTrue entrepreneurs face bureaucracy, make mistakes, receive criticism, and dealwith money, family, or stress problems. But they still stick to their dreams ofseeing the venture succeed.

Goal-settingEntrepreneurs are motivated by the excitement of starting a new business. Onceachieved, they seek out new goals or ventures to try.

HardworkingEntrepreneurs need a great deal of energy to see a venture start and succeed. Yetthey are not deterred by the long hours to achieve their goal.

Self-confident

Entrepreneurs believe in themselves. Their self-confidence takes care ofany doubts they may have.

Flexible

Entrepreneurs must be flexible in order to adapt to changing trends,markets, technologies, rules, and economic environments.

Independent

An entrepreneur’s desire for control and the ability to make decisionsoften makes it difficult for them to work in a controlled environment.

Entrepreneurial Characteristics

Self-confident

Entrepreneurs believe in themselves. Their self-confidence takes care ofany doubts they may have.

Flexible

Entrepreneurs must be flexible in order to adapt to changing trends,markets, technologies, rules, and economic environments.

Independent

An entrepreneur’s desire for control and the ability to make decisionsoften makes it difficult for them to work in a controlled environment.

Self-confident

Entrepreneurs believe in themselves. Their self-confidence takes care ofany doubts they may have.

Flexible

Entrepreneurs must be flexible in order to adapt to changing trends,markets, technologies, rules, and economic environments.

Independent

An entrepreneur’s desire for control and the ability to make decisionsoften makes it difficult for them to work in a controlled environment.

Entrepreneurial Characteristics

Self-confident

Entrepreneurs believe in themselves. Their self-confidence takes care ofany doubts they may have.

Flexible

Entrepreneurs must be flexible in order to adapt to changing trends,markets, technologies, rules, and economic environments.

Independent

An entrepreneur’s desire for control and the ability to make decisionsoften makes it difficult for them to work in a controlled environment.

Increases national production

Balanced area development

Dispersal of economic power

Reinvestment of profit for the welfare of the area of profit generation

Development is a function of motivation and human resource

Entrepreneurial awareness

Creation of employment opportunity

Technology and innovation

Improvement in standard living

Optimum use of the scarce economic resources

Need for entrepreneurship

Increases national production

Balanced area development

Dispersal of economic power

Reinvestment of profit for the welfare of the area of profit generation

Development is a function of motivation and human resource

Entrepreneurial awareness

Creation of employment opportunity

Technology and innovation

Improvement in standard living

Optimum use of the scarce economic resources

Increases national production

Balanced area development

Dispersal of economic power

Reinvestment of profit for the welfare of the area of profit generation

Development is a function of motivation and human resource

Entrepreneurial awareness

Creation of employment opportunity

Technology and innovation

Improvement in standard living

Optimum use of the scarce economic resources

Need for entrepreneurship

Increases national production

Balanced area development

Dispersal of economic power

Reinvestment of profit for the welfare of the area of profit generation

Development is a function of motivation and human resource

Entrepreneurial awareness

Creation of employment opportunity

Technology and innovation

Improvement in standard living

Optimum use of the scarce economic resources

2.Scope of Entrepreneurship in the Domestic andglobal Market:

• The entrepreneur increases his investment to take oruse the economics of the scale.

• The increasing manufacturing and marketingactivities spread within the local area and domesticeconomy.

• The increasing manufacturing and marketingactivities spread within the local area and domesticeconomy.

• It also spreads beyond the nation

• The global reach of the entrepreneur may also be inthe form of export or tie –up with the foreigncountries.

2.Scope of Entrepreneurship in the Domestic andglobal Market:

• The entrepreneur increases his investment to take oruse the economics of the scale.

• The increasing manufacturing and marketingactivities spread within the local area and domesticeconomy.

• The increasing manufacturing and marketingactivities spread within the local area and domesticeconomy.

• It also spreads beyond the nation

• The global reach of the entrepreneur may also be inthe form of export or tie –up with the foreigncountries.

• The brief analysis is made under as regards thedomestic and global entrepreneurship in relation tomanufacturing and marketing activities.

1. Risk and Return in domestic Market

2. Risk and Return in Global Market

• The international trade and tariff agreementcontractual understanding under the world tradeorganization promotes the world trade carried out onmutual benefits.

• The entrepreneur can take the advantages thegovernment policy followed for the promotion of theworld trade.

• The brief analysis is made under as regards thedomestic and global entrepreneurship in relation tomanufacturing and marketing activities.

1. Risk and Return in domestic Market

2. Risk and Return in Global Market

• The international trade and tariff agreementcontractual understanding under the world tradeorganization promotes the world trade carried out onmutual benefits.

• The entrepreneur can take the advantages thegovernment policy followed for the promotion of theworld trade.

Specific Qualities of diploma holder as a self employer

• Development of networking and personal contact

• Communication skill

• Transferable work skill• Transferable work skill

• Conflict solution

• Professional Dress

• Work place legal issues

• Work ethics

Specific Qualities of diploma holder as a self employer

• Development of networking and personal contact

1.5 Concept & importance of productivity, Cost consciousand customer ‘s Satisfaction

• Productivity and its importance:

Productivity = output/ input

= 80 unit/ 8 hour

= 10 units / hour

1.5 Concept & importance of productivity, Cost consciousand customer ‘s Satisfaction

• Productivity and its importance:

Productivity = output/ input

= 80 unit/ 8 hour

= 10 units / hour

• Production and productivity

Definition:Production is an “absolute” measure which ispresented in some units.

Definition:Productivity is a “relative” measure and is presentedin the form of ratio where the production is related tosome input.

• Production and productivity

Definition:Production is an “absolute” measure which ispresented in some units.

Definition:Productivity is a “relative” measure and is presentedin the form of ratio where the production is related tosome input.

Factors affecting productivity

• Employee productivity• Machine productivity• Material productivity

1. Research and development efforts

• Other factors

1. Research and development efforts2. Effective supervision and overseeing

3. Effective quality control system

4. Effective professionally qualified executives5. Supportive philosophy of the higher management

Factors affecting productivity

• Employee productivity• Machine productivity• Material productivity

1. Research and development efforts1. Research and development efforts2. Effective supervision and overseeing

3. Effective quality control system

4. Effective professionally qualified executives5. Supportive philosophy of the higher management

Quality and its importance

• The term quality in a very simple phrase as “fitness to use” andquality control as “ path to perfection from customers perception.”

• Quality control means ensuring degree of perfection with regard tospecification, color, shape, finishing etc. considering the relevantcost of manufacturing.

• Quality control means ensuring degree of perfection with regard tospecification, color, shape, finishing etc. considering the relevantcost of manufacturing.

• Quality control means to identify and eliminate the reasons fordiscrepancies and defects in relation to pre-determined standards

• Traditional quality control was “production oriented” .In therecent year quality control has become a “market oriented”activity.

Quality and its importance

• The term quality in a very simple phrase as “fitness to use” andquality control as “ path to perfection from customers perception.”

• Quality control means ensuring degree of perfection with regard tospecification, color, shape, finishing etc. considering the relevantcost of manufacturing.

• Quality control means ensuring degree of perfection with regard tospecification, color, shape, finishing etc. considering the relevantcost of manufacturing.

• Quality control means to identify and eliminate the reasons fordiscrepancies and defects in relation to pre-determined standards

• Traditional quality control was “production oriented” .In therecent year quality control has become a “market oriented”activity.

Cost consciousness and its importance

Cost refers to the “sacrifice” or “consumption of resources” inproduction activities. The economic resources are described as 4 Ms,i.e. Men,Machine,Material and Money.

Their cost is referred by salaries, depreciation, consumption ofmaterials and interest on debt respectively.

It is only men which ultimately controls the remaining three non-human resources. Cost consciousness is required to be developedamong the human resources.

Cost refers to the “sacrifice” or “consumption of resources” inproduction activities. The economic resources are described as 4 Ms,i.e. Men,Machine,Material and Money.

Their cost is referred by salaries, depreciation, consumption ofmaterials and interest on debt respectively.

It is only men which ultimately controls the remaining three non-human resources. Cost consciousness is required to be developedamong the human resources.

Cost consciousness and its importance

Cost refers to the “sacrifice” or “consumption of resources” inproduction activities. The economic resources are described as 4 Ms,i.e. Men,Machine,Material and Money.

Their cost is referred by salaries, depreciation, consumption ofmaterials and interest on debt respectively.

It is only men which ultimately controls the remaining three non-human resources. Cost consciousness is required to be developedamong the human resources.

Cost refers to the “sacrifice” or “consumption of resources” inproduction activities. The economic resources are described as 4 Ms,i.e. Men,Machine,Material and Money.

Their cost is referred by salaries, depreciation, consumption ofmaterials and interest on debt respectively.

It is only men which ultimately controls the remaining three non-human resources. Cost consciousness is required to be developedamong the human resources.

Customer satisfaction and its importance

Creation of the customer satisfaction is not confined only to themarketing management, but it is an end-result of the entire integratedbusiness activities.

“A product is a bundle of satisfaction”

“Our best advertisement is a satisfied customer”

Customer satisfaction and its importance

Creation of the customer satisfaction is not confined only to themarketing management, but it is an end-result of the entire integratedbusiness activities.

“A product is a bundle of satisfaction”

“Our best advertisement is a satisfied customer”

Customer satisfaction and its importance

Creation of the customer satisfaction is not confined only to themarketing management, but it is an end-result of the entire integratedbusiness activities.

“A product is a bundle of satisfaction”

“Our best advertisement is a satisfied customer”

Customer satisfaction and its importance

Creation of the customer satisfaction is not confined only to themarketing management, but it is an end-result of the entire integratedbusiness activities.

“A product is a bundle of satisfaction”

“Our best advertisement is a satisfied customer”

Customer satisfaction is a product of following two variables:

1.) Customer product expectations2.) Product’s perceived performance

These two variables results into following three state of satisfaction.

1) Customer disappointment (PP < CE)2) Customer Satisfaction (PP = CE)3) Customer delightedness (PP > CE)

Customer satisfaction is a product of following two variables:

1.) Customer product expectations2.) Product’s perceived performance

These two variables results into following three state of satisfaction.

1) Customer disappointment (PP < CE)2) Customer Satisfaction (PP = CE)3) Customer delightedness (PP > CE)

Customer satisfaction is a product of following two variables:

1.) Customer product expectations2.) Product’s perceived performance

These two variables results into following three state of satisfaction.

1) Customer disappointment (PP < CE)2) Customer Satisfaction (PP = CE)3) Customer delightedness (PP > CE)

Customer satisfaction is a product of following two variables:

1.) Customer product expectations2.) Product’s perceived performance

These two variables results into following three state of satisfaction.

1) Customer disappointment (PP < CE)2) Customer Satisfaction (PP = CE)3) Customer delightedness (PP > CE)

1.6 Types of enterprise

The popular forms of business organization based on ownership are asunder.

1.) Sole proprietorship2.) Partnership form3.) Joint stock Company4.) Co-operative society

1.6 Types of enterprise

The popular forms of business organization based on ownership are asunder.

1.) Sole proprietorship2.) Partnership form3.) Joint stock Company4.) Co-operative society

1.6 Types of enterprise

The popular forms of business organization based on ownership are asunder.

1.) Sole proprietorship2.) Partnership form3.) Joint stock Company4.) Co-operative society

1.6 Types of enterprise

The popular forms of business organization based on ownership are asunder.

1.) Sole proprietorship2.) Partnership form3.) Joint stock Company4.) Co-operative society

1.) Sole proprietorship

Sole means alone.

In such form of business, the individual natural person owns andmanages the business.

He (sole person) enjoy the complete and absolute authority over thebusiness and solely decides about the input recourses and disposes ofthe output in a way he likes.

1.) Sole proprietorship

Sole means alone.

In such form of business, the individual natural person owns andmanages the business.

He (sole person) enjoy the complete and absolute authority over thebusiness and solely decides about the input recourses and disposes ofthe output in a way he likes.

1.) Sole proprietorship

Sole means alone.

In such form of business, the individual natural person owns andmanages the business.

He (sole person) enjoy the complete and absolute authority over thebusiness and solely decides about the input recourses and disposes ofthe output in a way he likes.

1.) Sole proprietorship

Sole means alone.

In such form of business, the individual natural person owns andmanages the business.

He (sole person) enjoy the complete and absolute authority over thebusiness and solely decides about the input recourses and disposes ofthe output in a way he likes.

2.) Partnership form

Partnership is a form if business organization under which the businessis owned and managed by two or more persons.

It is the intermediate form between the sole proprietorship and privatecompanies and so is popular in the modern business world.

It is the relation between the persons who have agreed to share theprofits of business carried on by all or any of them acting for all.

2.) Partnership form

Partnership is a form if business organization under which the businessis owned and managed by two or more persons.

It is the intermediate form between the sole proprietorship and privatecompanies and so is popular in the modern business world.

It is the relation between the persons who have agreed to share theprofits of business carried on by all or any of them acting for all.

2.) Partnership form

Partnership is a form if business organization under which the businessis owned and managed by two or more persons.

It is the intermediate form between the sole proprietorship and privatecompanies and so is popular in the modern business world.

It is the relation between the persons who have agreed to share theprofits of business carried on by all or any of them acting for all.

2.) Partnership form

Partnership is a form if business organization under which the businessis owned and managed by two or more persons.

It is the intermediate form between the sole proprietorship and privatecompanies and so is popular in the modern business world.

It is the relation between the persons who have agreed to share theprofits of business carried on by all or any of them acting for all.

3.) Joint stock Company

A company is an artificial person having an independent legal entityand a perpetual succession with a distinctive name and a common sealhaving a common capital divided into shares of fixed value which aretransferable and carry limited liability.

The company form of organization is a special type of corporate bodyestablished under the companies act 1956.

3.) Joint stock Company

A company is an artificial person having an independent legal entityand a perpetual succession with a distinctive name and a common sealhaving a common capital divided into shares of fixed value which aretransferable and carry limited liability.

The company form of organization is a special type of corporate bodyestablished under the companies act 1956.

3.) Joint stock Company

A company is an artificial person having an independent legal entityand a perpetual succession with a distinctive name and a common sealhaving a common capital divided into shares of fixed value which aretransferable and carry limited liability.

The company form of organization is a special type of corporate bodyestablished under the companies act 1956.

3.) Joint stock Company

A company is an artificial person having an independent legal entityand a perpetual succession with a distinctive name and a common sealhaving a common capital divided into shares of fixed value which aretransferable and carry limited liability.

The company form of organization is a special type of corporate bodyestablished under the companies act 1956.

4.) Co-operative society

A Co-operative society is a voluntary association of person formed forthe furtherance of their common economic interest .It is a corporatebody registered under the co-operative societies act and enjoys aseparate legal entity as distinct from its member.

The co-operative societies in India are governed by the central co-operative societies act, 1912 or by the co-operative society act ofrespective state government.

4.) Co-operative society

A Co-operative society is a voluntary association of person formed forthe furtherance of their common economic interest .It is a corporatebody registered under the co-operative societies act and enjoys aseparate legal entity as distinct from its member.

The co-operative societies in India are governed by the central co-operative societies act, 1912 or by the co-operative society act ofrespective state government.

4.) Co-operative society

A Co-operative society is a voluntary association of person formed forthe furtherance of their common economic interest .It is a corporatebody registered under the co-operative societies act and enjoys aseparate legal entity as distinct from its member.

The co-operative societies in India are governed by the central co-operative societies act, 1912 or by the co-operative society act ofrespective state government.

4.) Co-operative society

A Co-operative society is a voluntary association of person formed forthe furtherance of their common economic interest .It is a corporatebody registered under the co-operative societies act and enjoys aseparate legal entity as distinct from its member.

The co-operative societies in India are governed by the central co-operative societies act, 1912 or by the co-operative society act ofrespective state government.

Any Question?

Any Question?

Any Question?

Any Question?

Thank youThank youThank youThank you