Education For Enterpreneurship Compiled
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EDUCATION FOR ENTREPRENEURSHIP
EDUCATION FOR ENTREPRENEURSHIP
Created By TUSHTI SHARMA
INTRODUCTIO N
INTRODUCTION INDIA a young Nation of <60years of Independence setting out on a path of sustained economic growth Current years the ongoing interest in entrepreneurship has increased For growth of new businesses as well as economic development
INTRODUCTION Within the next 20 years, we will have 400 million people below the age of 35 years will be in the prime of his or her life, striving for a better tomorrow Thus creating, in the process, new growth opportunities, for budding entrepreneurs!
(contd.)
INTRODUCTION
(contd.)
"Made in India" tag is now an increasingly respected brand, valued for quality, reliability, and competitiveness.
How EDUCATION contributes in developing ENTREPRENEURSHIP
How Education contributes in developing Entrepreneurship
4. 5. 6. 7.
8.
Creating a more entrepreneurial culture Promoting entrepreneurial skills and attitudes Nurturing personal qualities in young people by enhancing their creativity, spirit of initiative, responsibility, capacity of confronting risks, independence
OBJECTIVES OF EDUCATION FOR ENTREPRENEURSHIP
- OF EDUCATION FOR ENTREPRENEURSHIP
Promoting the development of personal qualities Offering early knowledge of and contact with the world of business Raising students’ awareness of selfemployment Organizing activities based on learning by doing Providing specific training
Some Famous Entrepreneurs Of India
Entrepreneurs Of India Mr. Patel of Nirma who was a chemist’s assistance once and now he has a Rs. 2500 crore company today
Entrepreneurs Of India
The original Mr. Bata was a cobbler and now has stores in more than 30 countries all over the world
Entrepreneurs Of India
Lakshmi Mittal, the steel giant .He is the fourth richest person in the world
Entrepreneurs Of India Sabeer Bhatia, the pioneer in the field of first web based e-mail The Hotmail. 'Entrepreneur of the Year 1997'
Entrepreneurs Of India NR Narayana Murthy, chairman of Infosys Technologies one of the biggest IT empire in India. 'Businessman of the Year 1999'
Entrepreneurs Of India Kiran MazumdarShaw's pioneering efforts in biotechnology for Biocon Industry "India's Biotech Queen" by The Economist and "India's mother of invention" by New York Times
Entrepreneurs Of India
Shahnaz Husain Group, one of the largest producers of ayurvedic and herbal products in the world
MEANING AND DEFINITION OF ENTREPRENEUR AND ENTREPRENEURSHIP
MEANING OF ENTREPRENEUR Entrepreneur is derived from the French word ‘entreprendre’ which means "to undertake." In a business context, it means to start a business.
WHO IS AN ENTREPRENEUR?
Entrepreneur is a person having specific skill, ability, knowledge, awareness and self-confidence who bears the risk of operating a business in the face of uncertainty about the future conditions.
WHO IS AN ENTREPRENEUR?
Entrepreneurs serve an important role in enabling the economy to adapt to changing conditions and new possibilities for material improvements by creating new production organizations, and even whole new industries.
QUALITIES OF A GOOD ENTREPRENEUR
Technical competence Initiative Good judgement Leadership qualities Creativeness
DEFINITION OF AN ENTREPRENEUR
J.B. Say: “An entrepreneur is an economic agent who unites all means of production- land of one, the labour of another and the capital of yet another and thus produces a product. By selling the product in the market he pays rent of land, wages to labour, interest on capital and what remains is his profit. He shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.” Adam Smith :” A person who only provides capital without taking part in the leading role in enterprise.”
ANATOMY OF AN ENTREPRENEUR
MEANING OF ENTREPRENEURSHIP
Entrepreneurship is a process undertaken by an entrepreneur to establish and to develop a new enterprise. It is a process of converting the idea of establishing an enterprise into its implementation. Entrepreneurship is a discipline with a knowledge base theory. It is an outcome of complex socio-economic, psychological, technological, legal and other factors. It is a dynamic and risky process.
MEANING OF ENTREPRENEURSHIP
It involves a fusion of capital, technology and human talent. Entrepreneurship is equally applicable to big and small businesses, to economic and non-economic activities. Entrepreneurship is a philosophy- it is the way one thinks, one acts and therefore it can exist in any situation be it business or government or in the field of education, science and technology or poverty alleviation or any others.
MEANING OF ENTREPRENEURSHIP
Innovation is by far the primary factor that governs the very creation of a small business or entrepreneurship.
DEFINATION OF ENTREPRENEURSHIP
According to Peter Drucker Entrepreneurship is defined as ‘a systematic innovation, which consists in the purposeful and organized search for changes, and it is the systematic analysis of the opportunities such changes might offer for economic and social innovation.’
RELATION
Entrepreneurship is the most effective way of bridging the gap between science and the market place by creating new enterprises. An entrepreneur is the catalyst who brings about this change
DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP
The term entrepreneur is used to describe men and women who establish and manage their own business. The process involved is called entrepreneurship. Entrepreneurship is an abstraction whereas entrepreneurs are tangible people.
DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP
Entrepreneurship is a process and an entrepreneur is a person. Entrepreneurship is the outcome of complex socio-economic, psychological and other factors. Entrepreneur is the key individual central to entrepreneurship who makes things happen.
DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP
Entrepreneur is the actor, entrepreneurship is the act. Entrepreneurship is the most effective way of bridging the gap between science and the market place by creating new enterprises. An entrepreneur is the catalyst who brings about this change will achieve sustainability only when support is provided both at the societal and governmental levels.
SCOPE OF EDUCATION FOR ENTREPRENEURSHIP
SCOPE
SCOPE It Promotes independent thinking and
SCOPE It promotes Creativity
SCOPE It Instills courage and confidence to take initiatives
SCOPE
Helps manage the enterprise in a better way
SCOPE Develops leadership qualities
SCOPE Better marketing skills
NEED OF EDUCATION FOR ENTREPRENEURSHI P
NEED Education of entrepreneurs help them in the effective creation of useful goods and services for consumers
NEED Education helps entrepreneurs in keeping account of taxes and
paying taxes in time
NEED Education helps the entrepreneurs in Innovating new ideas which in turn give them benefits
NEED
Education gives the entrepreneurs the required stability in their business
NEED
Education helps entrepreneurs in promoting export which in turn help them in earning foreign exchange
NEED
Education guides entrepreneurs in optimum utilization of resources thus giving them maximum benefits
NEED Education provides knowledge of business to people thus increasing opportunity of employment
NEED Education of entrepreneurs play a remarkable role in economic and industrial development of a country
ENTREPRENEURSHIP EDUCATION ENRICHES PRACTICAL KNOWLEDGE
ENTREPRENEUR THE ARTS: ‘ADVANCING THE ART’ NOVEMBER 17-23, 2008 GLOBAL ENTREPRENEURSHIP WEEK CALIFORNIA UNIVERSITY, U.S.A
HIGH INTELLIGENCE
Able to analyze a problem.
Find its solution.
CREATIVE THINKING
Convert an idea according to the need .
Establishes an enterprise (business) into its implementation.
LEADERSHIP QUALITIES
Convert an idea according to the need.
Directs them to follow.
MANAGERIAL EFFICIENCY
Able to manage the whole setup efficiently.
INITIATIVE
Confidence to start a enterprise.
And have the confidence to take benefits of available opportunity.
RISK TAKING ABILITY
Moderate risk taker.
Learns from any failure.
FORESIGHT
Can look in to the future market.
To judge the demand and supply of the material in which he is dealing.
FLEXIBILITY
Can easily adjust to the any business environment.
Flexible to the new ideas.
MOTIVATIONAL SKILL
The art of getting things done by others without hurting their self respect.
Can motivate the workers and employees under him.
PROMPT DECISION MAKING
Can take the important decision promptly.
In the rational way.
TECHNICAL EDUCATION
Helps in to the technical aspects of the enterprise.
Now day’s technologies are being part and parcel of any business.
COMMUNICATION ABILITY Can able to communicate with their customers, employees, creditors effectively.
More likely to get the success .
HUMAN RELATION ABILITY
Maintain good relations with employees, customers, creditors, community.
Good human relations are reflective by emotional stability, personal relation, tactfulness.
AWARENESS ABOUT RESPONSIBILITY
More aware about his business and social responsibility.
COOPERATIVENESS
Can work as part of a a team
Ability to co-operate with other.
HIGH ENERGY LEVEL
All the above abilities of the entrepreneur will make his energy level high.
RELEVANCE OF ENTREPRENEURSHIP DEVELOPMENT PROGRAM
FOR RAPID INDUSTRIAL DEVELOPMENT
Entrepreneurs and entrepreneurship are base for industrial and economic development. Entrepreneurship Development Programme (EDP) makes entrepreneurs for creation of entrepreneurship environment. In India, in every five plan year more and more amount is allotted for entrepreneurship development.
FOR RAPID INDUSTRIAL DEVELOPMENT(cont.)
FOR RAPID INDUSTRIAL DEVELOPMENT(cont.)
India’s Economy has experienced a robust growth in the second quarter of the year 2006-07. The Gross Domestic Product in the country increased at an impressive rate of 9.2 percent per annuam.
FOR RAPID INDUSTRIAL DEVELOPMENT (cont.) Because of EDP, nona-day entrepreneurs are on increasing in engineering, chemical, electrical, agricultural etc. industries i.e. to say that EDP plays a crucial role for industrial and economic development
TO REMOVE OR REDUCE REGIONAL INDUSTRIAL IMBALANCE .
In industrial backward zone, by arranging EDP, qualities of entrepreneurship can be development in people of such areas. Hence for balanced industrial development, Indian govt. has designed incentive plans in its industrial policy.
TO REMOVE OR REDUCE REGIONAL INDUSTRIAL IMBALANCE (cont.)
In industrial backward zone, EDP arranges various training programs and makes individuals aware about govt. incentives as well train them for entrepreneurship development according to opportunities available.
TO REMOVE OR REDUCE REGIONAL INDUSTRIAL IMBALANCE (cont.)
In this way EDP helps in removing or reducing regional industrial imbalance.
CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT.
For creation of industrial and entrepreneurship environment, various institutions – CED, EDI, IDBI, Exim bank, IFCI, State Finance Corporation, DIC etc have given their active contribution.
CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT
EDI’s various courses, innovation centers, entrepreneurship environment and support system, strategic international program, various publications etc have played an important role in creating homogeneous entrepreneurship environment in the state and country. EDPs are arranged in rural, semi-urban and urban areas.
CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT
Hence in every area, entrepreneurship awareness is spread. Thus EDP plays dominant role in creating the most suitable industrial environment for rapid economic development.
OPTIMUM UTILIZATION OF AVAILABLE LOCAL RESOURCES
Creation of suitable industrial environment for rapid economic development. If such resources are utilized for production purpose, new opportunities for local entrepreneurship development and local employment can be created and which lead towards rapid industrial and economic development.
OPTIMUM UTILIZATION OF AVAILABLE LOCAL RESOURCES
Therefore by arranging accordingly EDPs, available local opportunities can be optimally utilized for production purpose. More over, because of creation of employment opportunities, migration of people towards urban areas can also be reduced.
HELPS IN REDUCING UNEMPLOYMENT AND POVERTY PROBLEMS
Since our first five plan, we are facing unemployment and poverty problems .
HELPS IN REDUCING UNEMPLOYMENT AND POVERTY PROBLEMS
Govt. has designed various programs like rural development program, prime minister employment plan etc. in this direction.
TO PROTECT ENTREPRENEURS FROM INDUSTRIAL MONOPOLY
Some large industrial units have created monopoly conditions in their zones.
Hence govt. has been forced to reserve some goods and services for cottage and small-scale industries.
NEW SOURCES OF INCOME FOR GOVT
govt. gets income of various taxes by medium of venture of new entrepreneurs. Some export oriented industrial units help govt. in earning foreign exchange.
New sources of income for govt
Thus EDP indirectly creates a new source of income for govt. in the form of tax. By EDP, entrepreneurs can be trained and prepared for such reserve sectors and large-scale sectors cannot enter in such reserve sectors
PROGRESS AND EXPANSION OF SOCIAL WEALTH
Because of growth of industrialization in rural areas, living standards of rural areas have remarkable changed. Government’s special schemes for rural wealth has been reached to actual rural areas by EDP. EDP helps to divert unorganized and hidden youth of various areas towards planned industrialization.
DEVELOPMENT OF SOCIALISM PHILOSOPHY
Our economy has influence of both capitalism as well as socialism In five year plans, role of socialism is very important. Because of establishment of EDP institutions, philosophy of socialism has been spread at various levels through utilization of unused local resources, establishment of tiny, cottage, small and large scale industries, planned economic development etc. Entrepreneurs have accepted concept of social responsibility. In this way, EDP helps in extending the philosophy of socialism
A vehicle for social – economic revolution
In rural, semi-urban areas, with a view to direct women towards self-employment and freedom, special EDPs are designed.
EDPs have played very determining role for bringing poor, exploited and weaker class of our society into economic development.
TO DEVELOP AND UPGRADE MANAGERIAL SKILLS
EDP is designed and implemented to develop entrepreneurial opportunities for potential entrepreneurs as well as to upgrade managerial skills for the existing entrepreneurs.
CommuniTree
CommuniTree symbolizes our philosophy and strategic approach for rural economic and community development.
CONCLUSION
CONCLUSION Education for Entrepreneurship is compulsory
CONCLUSION Entrepreneurship enriches PRACTICAL KNOWLEDGE
CONCLUSION Enterpreneurship is required for the growth of NATIONAL ECONOMY
CONCLUSION Entrepreneurship is required for the Development of our country
EDUCATION FOR ENTREPRENEURSHIP
Created By TUSHTI SHARMA
INTRODUCTIO N
INTRODUCTION INDIA a young Nation of <60years of Independence setting out on a path of sustained economic growth Current years the ongoing interest in entrepreneurship has increased For growth of new businesses as well as economic development
INTRODUCTION Within the next 20 years, we will have 400 million people below the age of 35 years will be in the prime of his or her life, striving for a better tomorrow Thus creating, in the process, new growth opportunities, for budding entrepreneurs!
(contd.)
INTRODUCTION
(contd.)
"Made in India" tag is now an increasingly respected brand, valued for quality, reliability, and competitiveness.
How EDUCATION contributes in developing ENTREPRENEURSHIP
How Education contributes in developing Entrepreneurship
4. 5. 6. 7.
8.
Creating a more entrepreneurial culture Promoting entrepreneurial skills and attitudes Nurturing personal qualities in young people by enhancing their creativity, spirit of initiative, responsibility, capacity of confronting risks, independence
OBJECTIVES OF EDUCATION FOR ENTREPRENEURSHIP
- OF EDUCATION FOR ENTREPRENEURSHIP
Promoting the development of personal qualities Offering early knowledge of and contact with the world of business Raising students’ awareness of selfemployment Organizing activities based on learning by doing Providing specific training
Some Famous Entrepreneurs Of India
Entrepreneurs Of India Mr. Patel of Nirma who was a chemist’s assistance once and now he has a Rs. 2500 crore company today
Entrepreneurs Of India
The original Mr. Bata was a cobbler and now has stores in more than 30 countries all over the world
Entrepreneurs Of India
Lakshmi Mittal, the steel giant .He is the fourth richest person in the world
Entrepreneurs Of India Sabeer Bhatia, the pioneer in the field of first web based e-mail The Hotmail. 'Entrepreneur of the Year 1997'
Entrepreneurs Of India NR Narayana Murthy, chairman of Infosys Technologies one of the biggest IT empire in India. 'Businessman of the Year 1999'
Entrepreneurs Of India Kiran MazumdarShaw's pioneering efforts in biotechnology for Biocon Industry "India's Biotech Queen" by The Economist and "India's mother of invention" by New York Times
Entrepreneurs Of India
Shahnaz Husain Group, one of the largest producers of ayurvedic and herbal products in the world
MEANING AND DEFINITION OF ENTREPRENEUR AND ENTREPRENEURSHIP
MEANING OF ENTREPRENEUR Entrepreneur is derived from the French word ‘entreprendre’ which means "to undertake." In a business context, it means to start a business.
WHO IS AN ENTREPRENEUR?
Entrepreneur is a person having specific skill, ability, knowledge, awareness and self-confidence who bears the risk of operating a business in the face of uncertainty about the future conditions.
WHO IS AN ENTREPRENEUR?
Entrepreneurs serve an important role in enabling the economy to adapt to changing conditions and new possibilities for material improvements by creating new production organizations, and even whole new industries.
QUALITIES OF A GOOD ENTREPRENEUR
Technical competence Initiative Good judgement Leadership qualities Creativeness
DEFINITION OF AN ENTREPRENEUR
J.B. Say: “An entrepreneur is an economic agent who unites all means of production- land of one, the labour of another and the capital of yet another and thus produces a product. By selling the product in the market he pays rent of land, wages to labour, interest on capital and what remains is his profit. He shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.” Adam Smith :” A person who only provides capital without taking part in the leading role in enterprise.”
ANATOMY OF AN ENTREPRENEUR
MEANING OF ENTREPRENEURSHIP
Entrepreneurship is a process undertaken by an entrepreneur to establish and to develop a new enterprise. It is a process of converting the idea of establishing an enterprise into its implementation. Entrepreneurship is a discipline with a knowledge base theory. It is an outcome of complex socio-economic, psychological, technological, legal and other factors. It is a dynamic and risky process.
MEANING OF ENTREPRENEURSHIP
It involves a fusion of capital, technology and human talent. Entrepreneurship is equally applicable to big and small businesses, to economic and non-economic activities. Entrepreneurship is a philosophy- it is the way one thinks, one acts and therefore it can exist in any situation be it business or government or in the field of education, science and technology or poverty alleviation or any others.
MEANING OF ENTREPRENEURSHIP
Innovation is by far the primary factor that governs the very creation of a small business or entrepreneurship.
DEFINATION OF ENTREPRENEURSHIP
According to Peter Drucker Entrepreneurship is defined as ‘a systematic innovation, which consists in the purposeful and organized search for changes, and it is the systematic analysis of the opportunities such changes might offer for economic and social innovation.’
RELATION
Entrepreneurship is the most effective way of bridging the gap between science and the market place by creating new enterprises. An entrepreneur is the catalyst who brings about this change
DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP
The term entrepreneur is used to describe men and women who establish and manage their own business. The process involved is called entrepreneurship. Entrepreneurship is an abstraction whereas entrepreneurs are tangible people.
DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP
Entrepreneurship is a process and an entrepreneur is a person. Entrepreneurship is the outcome of complex socio-economic, psychological and other factors. Entrepreneur is the key individual central to entrepreneurship who makes things happen.
DIFFERENCE BETWEEN AN ENTREPRENEUR & ENTREPRENEURSHIP
Entrepreneur is the actor, entrepreneurship is the act. Entrepreneurship is the most effective way of bridging the gap between science and the market place by creating new enterprises. An entrepreneur is the catalyst who brings about this change will achieve sustainability only when support is provided both at the societal and governmental levels.
SCOPE OF EDUCATION FOR ENTREPRENEURSHIP
SCOPE
SCOPE It Promotes independent thinking and
SCOPE It promotes Creativity
SCOPE It Instills courage and confidence to take initiatives
SCOPE
Helps manage the enterprise in a better way
SCOPE Develops leadership qualities
SCOPE Better marketing skills
NEED OF EDUCATION FOR ENTREPRENEURSHI P
NEED Education of entrepreneurs help them in the effective creation of useful goods and services for consumers
NEED Education helps entrepreneurs in keeping account of taxes and
paying taxes in time
NEED Education helps the entrepreneurs in Innovating new ideas which in turn give them benefits
NEED
Education gives the entrepreneurs the required stability in their business
NEED
Education helps entrepreneurs in promoting export which in turn help them in earning foreign exchange
NEED
Education guides entrepreneurs in optimum utilization of resources thus giving them maximum benefits
NEED Education provides knowledge of business to people thus increasing opportunity of employment
NEED Education of entrepreneurs play a remarkable role in economic and industrial development of a country
ENTREPRENEURSHIP EDUCATION ENRICHES PRACTICAL KNOWLEDGE
ENTREPRENEUR THE ARTS: ‘ADVANCING THE ART’ NOVEMBER 17-23, 2008 GLOBAL ENTREPRENEURSHIP WEEK CALIFORNIA UNIVERSITY, U.S.A
HIGH INTELLIGENCE
Able to analyze a problem.
Find its solution.
CREATIVE THINKING
Convert an idea according to the need .
Establishes an enterprise (business) into its implementation.
LEADERSHIP QUALITIES
Convert an idea according to the need.
Directs them to follow.
MANAGERIAL EFFICIENCY
Able to manage the whole setup efficiently.
INITIATIVE
Confidence to start a enterprise.
And have the confidence to take benefits of available opportunity.
RISK TAKING ABILITY
Moderate risk taker.
Learns from any failure.
FORESIGHT
Can look in to the future market.
To judge the demand and supply of the material in which he is dealing.
FLEXIBILITY
Can easily adjust to the any business environment.
Flexible to the new ideas.
MOTIVATIONAL SKILL
The art of getting things done by others without hurting their self respect.
Can motivate the workers and employees under him.
PROMPT DECISION MAKING
Can take the important decision promptly.
In the rational way.
TECHNICAL EDUCATION
Helps in to the technical aspects of the enterprise.
Now day’s technologies are being part and parcel of any business.
COMMUNICATION ABILITY Can able to communicate with their customers, employees, creditors effectively.
More likely to get the success .
HUMAN RELATION ABILITY
Maintain good relations with employees, customers, creditors, community.
Good human relations are reflective by emotional stability, personal relation, tactfulness.
AWARENESS ABOUT RESPONSIBILITY
More aware about his business and social responsibility.
COOPERATIVENESS
Can work as part of a a team
Ability to co-operate with other.
HIGH ENERGY LEVEL
All the above abilities of the entrepreneur will make his energy level high.
RELEVANCE OF ENTREPRENEURSHIP DEVELOPMENT PROGRAM
FOR RAPID INDUSTRIAL DEVELOPMENT
Entrepreneurs and entrepreneurship are base for industrial and economic development. Entrepreneurship Development Programme (EDP) makes entrepreneurs for creation of entrepreneurship environment. In India, in every five plan year more and more amount is allotted for entrepreneurship development.
FOR RAPID INDUSTRIAL DEVELOPMENT(cont.)
FOR RAPID INDUSTRIAL DEVELOPMENT(cont.)
India’s Economy has experienced a robust growth in the second quarter of the year 2006-07. The Gross Domestic Product in the country increased at an impressive rate of 9.2 percent per annuam.
FOR RAPID INDUSTRIAL DEVELOPMENT (cont.) Because of EDP, nona-day entrepreneurs are on increasing in engineering, chemical, electrical, agricultural etc. industries i.e. to say that EDP plays a crucial role for industrial and economic development
TO REMOVE OR REDUCE REGIONAL INDUSTRIAL IMBALANCE .
In industrial backward zone, by arranging EDP, qualities of entrepreneurship can be development in people of such areas. Hence for balanced industrial development, Indian govt. has designed incentive plans in its industrial policy.
TO REMOVE OR REDUCE REGIONAL INDUSTRIAL IMBALANCE (cont.)
In industrial backward zone, EDP arranges various training programs and makes individuals aware about govt. incentives as well train them for entrepreneurship development according to opportunities available.
TO REMOVE OR REDUCE REGIONAL INDUSTRIAL IMBALANCE (cont.)
In this way EDP helps in removing or reducing regional industrial imbalance.
CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT.
For creation of industrial and entrepreneurship environment, various institutions – CED, EDI, IDBI, Exim bank, IFCI, State Finance Corporation, DIC etc have given their active contribution.
CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT
EDI’s various courses, innovation centers, entrepreneurship environment and support system, strategic international program, various publications etc have played an important role in creating homogeneous entrepreneurship environment in the state and country. EDPs are arranged in rural, semi-urban and urban areas.
CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT
Hence in every area, entrepreneurship awareness is spread. Thus EDP plays dominant role in creating the most suitable industrial environment for rapid economic development.
OPTIMUM UTILIZATION OF AVAILABLE LOCAL RESOURCES
Creation of suitable industrial environment for rapid economic development. If such resources are utilized for production purpose, new opportunities for local entrepreneurship development and local employment can be created and which lead towards rapid industrial and economic development.
OPTIMUM UTILIZATION OF AVAILABLE LOCAL RESOURCES
Therefore by arranging accordingly EDPs, available local opportunities can be optimally utilized for production purpose. More over, because of creation of employment opportunities, migration of people towards urban areas can also be reduced.
HELPS IN REDUCING UNEMPLOYMENT AND POVERTY PROBLEMS
Since our first five plan, we are facing unemployment and poverty problems .
HELPS IN REDUCING UNEMPLOYMENT AND POVERTY PROBLEMS
Govt. has designed various programs like rural development program, prime minister employment plan etc. in this direction.
TO PROTECT ENTREPRENEURS FROM INDUSTRIAL MONOPOLY
Some large industrial units have created monopoly conditions in their zones.
Hence govt. has been forced to reserve some goods and services for cottage and small-scale industries.
NEW SOURCES OF INCOME FOR GOVT
govt. gets income of various taxes by medium of venture of new entrepreneurs. Some export oriented industrial units help govt. in earning foreign exchange.
New sources of income for govt
Thus EDP indirectly creates a new source of income for govt. in the form of tax. By EDP, entrepreneurs can be trained and prepared for such reserve sectors and large-scale sectors cannot enter in such reserve sectors
PROGRESS AND EXPANSION OF SOCIAL WEALTH
Because of growth of industrialization in rural areas, living standards of rural areas have remarkable changed. Government’s special schemes for rural wealth has been reached to actual rural areas by EDP. EDP helps to divert unorganized and hidden youth of various areas towards planned industrialization.
DEVELOPMENT OF SOCIALISM PHILOSOPHY
Our economy has influence of both capitalism as well as socialism In five year plans, role of socialism is very important. Because of establishment of EDP institutions, philosophy of socialism has been spread at various levels through utilization of unused local resources, establishment of tiny, cottage, small and large scale industries, planned economic development etc. Entrepreneurs have accepted concept of social responsibility. In this way, EDP helps in extending the philosophy of socialism
A vehicle for social – economic revolution
In rural, semi-urban areas, with a view to direct women towards self-employment and freedom, special EDPs are designed.
EDPs have played very determining role for bringing poor, exploited and weaker class of our society into economic development.
TO DEVELOP AND UPGRADE MANAGERIAL SKILLS
EDP is designed and implemented to develop entrepreneurial opportunities for potential entrepreneurs as well as to upgrade managerial skills for the existing entrepreneurs.
CommuniTree
CommuniTree symbolizes our philosophy and strategic approach for rural economic and community development.
CONCLUSION
CONCLUSION Education for Entrepreneurship is compulsory
CONCLUSION Entrepreneurship enriches PRACTICAL KNOWLEDGE
CONCLUSION Enterpreneurship is required for the growth of NATIONAL ECONOMY
CONCLUSION Entrepreneurship is required for the Development of our country
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