Entrepreneur

ANNEXURE C

CONTENT

BLOCK- 1 INTRODUCTION OF ENTREPRENEUR

Unit 1- Entrepreneur: Meaning and Theories

Unit 2- Socio Economic Environment

Unit 3- Entrepreneurship and Innovation

BLOCK- 2 ENTREPRENEURS AND SOCIAL RESPONSIBILITY

Unit 4- Entrepreneur: Types and Functions

Unit 5- Entrepreneur: Specific Traits and Social Responsibilities

BLOCK- 3 NEW VENTURES

Unit 6- Environmental Analysis for New Venture

Unit 7- Raising Funds And Legal Requirement

BLOCK- 4 ENTREPRENERIAL DEVELOPMENT PROGRAMMERS

Unit 8- Entrepreneurial Development Programmers

Unit 9- Role of Entrepreneur

ANNEXURE (D)

BLOCK: 1 INTRODUCTION OF ENTREPRENEUR

Page No. Unit 1- Entrepreneur: Meaning and Theories -

Unit 2- Socio Economic Environment

Unit 3- Entrepreneurship and Innovation

BLOCK: 1 INTRODUCTION OF ENTREPRENEUR

The concept of Entrepreneurship has assumed prime importance for accelerating economic growth both in developed and developing countries. In this block we will find the importance and nature of the entrepreneurship for an individual as well as for the economy.Entrepreneurship is not an inborn skill, it is a product of environment. We will try to understand the role of environment in the development of entrepreneurial skills.This section will focus on the Theories of entrepreneurship and innovations.

Unit-1: This unit covers ‘Entrepreneur: Meaning and Theories’, explains meaning, nature, emergence and Theories of Entrepreneurship.

Unit-2: This unit covers ‘Socio Economic Environment’, describes some aspects of relationship between Entrepreneurship and Environment. This will explain the Entrepreneur and Innovation.

Unit-3: This unit covers’ Entrepreneurship and Innovation’, explains creativity and innovation, elements of innovation process, need and role of innovation.

ANNEXURE (E)

UNIT-2 SOCIO ECONOMIC ENVIRONMENT

Objectives

The objectives of this unit are to enable you:

Explain the relationship between Entrepreneurship and environment

Discuss the changing values relating to Entrepreneurship

Describe the role of Socio Economic Environment

Structure

2.1 Aspects of relationship between Entrepreneurship and Environment

2.2 Needs and importance of Entrepreneurial Environment

2.3 Environmental forces 2.3.1 Internal Environment2.3.2 External Environmental Factors

2.4 Changing values relating to Entrepreneurship2.5 Factors impeding the growth of Entrepreneurship2.6 How to encourage Entrepreneurship2.7 Summary2.8 Glossary2.9 Self Assessment Questions

2.7 SUMMARY

Entrepreneurship is not an inborn skill, it is a product of environment. It involves a complex of economic and social behaviour. Entrepreneurship can hardly survive under any given circumstances. It can flourish only under the right environment. In fact the entrepreneurship can not keep aloof from the changing social values, ideologies, new emerging aspirations, religious beliefs, consumer wants and society needs etc.

2.8 GLOSSARYQualities of an entrepreneur It is a great idea to want to start a business, but a person has to analyze and estimate if he has the qualities that are essential for being successful entrepreneur.

2.9 Self Assessment Questions

A) Objective Types1. Entrepreneurship can flourish in the right type of ___________.

a) Environmentb) Attitudec) Climated) Situation

2. Which one of the following is not included in external environment?a) Governmental environmentb) Ethical Culturec) Technological environmentd) Internal environment

3. ___________ may be triggered by an opportune incident.a) Incubationb) Illuminationc) Verificationd) Idea generation

B) Short Answer Questions

4. Explain the elements of social environment.5. Narrate the factors of political environment.6. What are the characteristics of economic environment?C) Descriptive type question

7. Discuss the relationship between Entrepreneurship and Environment.8. Discuss the impact of social environment an Entrepreneurship.

ANNEXURE (E)

UNIT-3 ENTREPRENEURSHIP AND INNOVATION

Objectives


• Explain the importance of innovation and creativity

• Discuss the difference between innovation and creativity

• Describe the whole process of innovation

Structure3.1 Creativity and Innovation defined3.2 The creativity process3.3 Qualities of creative entrepreneur3.4 Elements in innovation process3.5 Skills required for innovation3.6 Pre- requisites for effective innovator3.7 Need and role of innovation today3.8 Sources and opportunities for innovation3.9 Principles of innovation3.10 Essential conditions for successful innovation3.11 Summary3.12 Glossary3.13 Self Assessment Questions

3.11 SUMMARY

Creativity and innovation are essential to business success as we prepare to enter the new century. Creativity and innovation are seen as being the key to survival in an ever-more competitive and global economy. Entrepreneurship is not an inborn skill; it is a product of environment. It involves a complex of economic and social behavior. Entrepreneurship can hardly survive under any given circumstances. It can flourish only under the right environment. In fact the entrepreneurship can not keep aloof from the changing social values, ideologies, new emerging aspirations, religious beliefs, consumer wants and society needs etc.

3.12 GLOSSARYInnovation can therefore be seen as the process that renews something that exists and not, as is commonly assumed, the introduction of something new. Furthermore this makes clear innovation is not an economic term by origin, but dates back to the middle ages at least.


A) Objective Types

1. Which one is not essential condition of successful innovation?a) Innovation at workb) Innovation must built on their strengthsc) Innovation for futured) Innovation is an effect in economy and society

B) Short Answer Questions

2. How will you distinguish between Innovation and Creativity?3. Describe the elements of Innovation process.4. What are the pre requisites for an effective Innovator?5. What is creative process?6. What are the pre-requisites for an effective innovator?

C) Descriptive type question

7. Explain the need and role of innovation in today’s consumer society.8. Define innovation and describe its process.9. Describes the various principles of Innovation.10. Describe the various ‘Dos’ and ‘don’ts’ of innovation.ANNEXURE (D)BLOCK: 2 ENTREPRENEURS AND SOCIAL RESPONSIBILITY

Unit 4- Entrepreneur: Types and Functions

Unit 5- Entrepreneur: Specific Traits and Social Responsibilities

BLOCK: 2 ENTREPRENEURS AND LEADERSHIP

An entrepreneur is a person who creates an ongoing business enterprise from nothing. Only the entrepreneurs create capital, wealth and resources in a country by their inventive and risk-taking behavior. The spirit of enterprise makes man an entrepreneur. An entrepreneur performs all the necessary functions which are essential from the point of view of operation and expansion of the enterprise.A global entrepreneur must be responsive to the social challenges of the times.

Unit-4: This unit covers ‘Entrepreneur: Types and Functions’, explains the types of entrepreneurs and their functions. It gives proper insight on leadership behavior of an entrepreneur.

Unit-5: This unit covers ‘Specific traits and Social responsibilities’, describes the views of social responsibilities and impact of socially responsible entrepreneur on his economic performance.

ANNEXURE (E)

UNIT-4 ENTREPRENEUR: TYPES AND FUNCTIONS

Objectives


Explain the qualities of a successful Entrepreneur Discuss the types and functions of Entrepreneur Describe the role and significance of Entrepreneur

Structure

4.1 Meaning of an entrepreneur4.2 Characteristics of an entrepreneur4.3 Types of entrepreneur4.4 Functions of entrepreneur4.5 Role and Significance of entrepreneur4.6 Trait for an entrepreneur and Administrator4.7 Qualities of successful entrepreneur4.8 Summary4.9 Glossary4.10 Self Assessment Questions

ANNEXURE (E)

UNIT-5 ENTREPRENEUR: SPECIFIC TRAITS AND SOCIAL RESPONSIBILITIES

Objectives


Explain the Entrepreneurial Leadership Discuss the risk tendencies and behavior of Entrepreneur Describe the role and significance of Entrepreneur Narrate the Entrepreneurial business planning Explain the view of social responsibility

Structure

5.1 Entrepreneurial Leadership5.2 Leadership behavior of an entrepreneur5.3 Risk taking: the basic quality

5.3.1 Risk tendencies and behavior of an entrepreneur 5.4 Entrepreneurial decision making

5.4.1 Process of decision making5.4.2 Decision making under conditions of certainty, risk and uncertainty

5.5 Entrepreneurial business planning5.6 Business Plan

5.6.1 Characteristics of Business plan5.6.2 Perspective and scope of business plan5.6.3 Need and importance of business plan

5.7 Definition of social responsibility 5.8 Views of social responsibility5.9 Impact of socially responsible entrepreneur on his economic performance5.10 Social responsibility debate 5.11 How much social responsibility?5.12 Scope of social responsibility5.13 social responsibility of Indian entrepreneur5.14 Summary5.15 Glossary5.16 Self Assessment Questions

ANNEXURE (D)

BLOCK- 3 NEW VENTURES

Unit 6- Environmental Analysis for New Venture

Unit 7- Raising Funds And Legal Requirement

BLOCK: 3 NEW VENTURES

An entrepreneur creates his own business. He is a person who organizes, operates and assumes the risk for a business venture. A new venture is not a sudden discovery; it requires proper thinking and planning. Entrepreneurial ventures are founded by creative individuals. Entrepreneur uses organized effort and means to pursue opportunities to create value. External environment analysis helps formulate a good planning in line with opportunities.The external environment forces affect the venture in various ways; these forces may be complex, rapidly changing and uncertain. Government legislation, awakened social consciences, economic necessities are playing their roles in the creation and existence of enterprise.

Unit-6: This unit covers ‘Environmental Analysis for New Venture’, explains various types of environment and its analysis for new venture.

Unit-7: This unit covers ‘Raising funds and Legal requirement’, describes the legal requirements for the establishment of a new unit. It explains the importance of financial resources.

ANNEXURE (E)

UNIT-6 ENVIRONMENTAL ANALYSIS FOR NEW VENTURE

Objectives


Explain the establishment requirement for new venture Discuss the analysis of entrepreneurial opportunities Describe the analysis of external environment and competitive factors Narrate the Micro and Mega Environment

Structure

6.1 Why promote a venture6.2 Search for business idea

6.2.1 Sources of Idea6.2.2 Idea processing and selection

6.3 Setting Goals6.4 Preparing business plan6.5 Pre-start-up implementation6.6 Establishing the Enterprise6.7 Defining opportunity

6.7.1 Objectives of identification of business opportunity6.7.2 Factors affecting identification of business opportunity

6.8 Process of sensing opportunity6.8.1 Perceiving basic idea6.8.2 Harnessing and evaluating opportunity6.8.3 Feasibility Study6.8.4 Assessing the impact of opportunity and threats

6.9 Environment and Entrepreneur6.10 Meaning and types of Environment6.11 Need and importance of environmental analysis6.12 Constituents of Mega Environment and their impact6.13 Analysis of micro environment6.14 Assessing the impact of opportunity and threat6.15 Competitive factor analysis6.16 Summary6.17 Glossary6.18 Self Assessment Questions

ANNEXURE (E)

UNIT-7 RAISING FUNDS AND LEGAL REQUIREMENTS

Objectives


Explain the legal forms of the organization Discuss the salient features of important acts and laws Describe the critical issues relating to the funds Explain the long term and short term sources of finance

Structure

7.1Legal forms of organization7.1.1 Sole proprietorship7.1.2 Partnership Firm7.1.3 Joint Stock Company7.1.4 Co-operative Undertaking7.1.5 Hindu undivided Family

7.2 Small scale industry registration7.2.1 Provisional and permanent registration7.2.2 Procedure of registration

7.3 Salient features of important acts and laws7.3.1 Registration related laws7.3.2 Labor laws7.3.3 Environment related laws7.3.4 Local and other municipal laws7.3.5 Tax related laws7.3.6 Product and process related laws7.3.7 Other central acts

7.4 Critical issues7.5 Short term and Long term finance7.6 Sources of short term finance7.7 Sources of long term finance

7.7.1 Internal sources7.7.2 External sources

7.8 Summary7.9 Glossary


ANNEXURE (D)

BLOCK- 4 ENTREPRENERIAL DEVELOPMENT PROGRAMMES

Unit 8- Entrepreneurial Development Programmers

Unit 9- Role of Entrepreneur

BLOCK: 4 ENTREPRENEURIAL DEVELOPMENT PROGRAMMES

Entrepreneurs are inspired people. They are motivated, skilled adventurers. Entrepreneurs are not necessarily born; they can also be developed through education. Entrepreneurial talent exists in every society and in all sections of the society. Entrepreneurship development is a prerequisite for overall economic development of any country. The growth of the nation depends upon the skilled entrepreneurs. The government provides many facilities and incentives for the promotion of entrepreneurs in India. The factors contributing to economic development are labor, technology, capital and managerial skills.

Unit-8: This unit covers ‘Entrepreneurial Development Programmes’ explains significance of EDP in India and about the institutions conducting EDPS in India.

Unit-9: This unit covers ‘Role of Entrepreneur’, describes the role of entrepreneur in socio economic growth, Export promotion and Import substitution as well as the role of government in EDPS.

ANNEXURE (E)

UNIT-8 ENTREPRENEURIAL DEVELOPMENT PROGRAMMES

Objectives


Explain the meaning of entrepreneurial development programmes Discuss the phases of EDPs Describe the institutions conducting EDPs in India Explain the suggestion to make EDPs more effective

Structure

8.1 Meaning and definition of EDP8.2 Nature of EDP8.3 Need and importance of EDP8.4 Objectives of EDP8.5 Phases of EDP

8.5.1 Initial preparation8.5.2 Identification and selection of potential entrepreneur8.5.3 Training and development phases8.5.4 Support system8.5.5 Monitoring and Follow-up

8.6 Institutions conducting EDPs in India8.6.1 NIESBUD8.6.2 EDII8.6.3 SIDO8.6.4 Indian Investment Centre8.6.5 NISIET8.6.6 SIDBI8.6.7 Xavier Institute of Social Services8.6.8 Madhya Pradesh Consultancy Organisation Ltd.8.6.9 Calcutta ‘Y’ Self Employment Centre8.6.10 TCOs

8.7 Institutional efforts for EDPs in India8.8 Critical evaluation of EDPs in India8.9 Suggestions to make EDPs more effective8.10 Summary8.11 Glossary8.12 Self Assessment Questions

ANNEXURE (E)

UNIT-9 ROLE OF ENTREPRENEURObjectives

The objectives of this unit are to enable you: Explain the role of government in Entrepreneurial development Narrate the role of entrepreneur in socio-economic growth Describe how entrepreneurs are playing important role in export promotion Explain the role and importance of entrepreneur in import substitution

Structure

9.1 Government incentives, subsidy and assistance9.2 Government role in the for of assistance and incentives

9.2.1 Government assistance9.2.2 Government incentives9.2.3 Government schemes for infrastructural facilities9.2.4 Other roles of Government

9.3 Entrepreneurship and Economic growth9.4 Need and importance of entrepreneurship for socio economic growth9.5 Role of entrepreneur under various economic systems9.6 Various role of entrepreneur in socio economic development9.7 Role of entrepreneur as an innovator9.8 Export promotion

9.8.1 Exploring export promotion possibilities9.8.2 Decisions regarding entry in international market9.8.3 Decision regarding selection of market9.8.4 Creation of demand in international market9.8.5 Decision regarding mode of entry9.8.6 Product mix decisions9.8.7 Decision regarding pricing and costing9.8.8 Decision regarding distribution9.8.9 Promotion decision9.8.10 availing of export promotion schemes9.8.11 getting institutional support9.8.12 getting help- source of information

9.9 Import substitution9.10 Objects and importance of Import substitution9.11 Measures for Import substitution9.12 Problems of Import substitution9.13 Role of entrepreneur in Import substitution9.14 Critical evaluation9.15 Summary9.16 Glossary9.17 Self Assessment Questions

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Entrepreneur