4. DEFINATION
Enterprenuarship is the practice of
starting new organizations,
perticularly new business generally in
response to defined opportunities.
5. CONCEPT OF ENTERPRENEURSHIP
BAHAL IN (2008)
1) Entreprineurship Is the process of comprising the
following component.
A) IDENTIFICATION
B) EVALUATION
C) EXPLOTATIONOF OPPERTUNITIES
2) The management of new transfar org. so as to
facilate production & marketing of new goods
and services .
3) The creation of new ideas .
6. PROCESS OF ENTERPRENEURSHIP
DEVELOPMENT
Enterprineurship Is a process comprising of
several distinct stages .This process may be
in the form of the following stages .
1. Use of new methods of production
2. opening of new market
3. opening of new channel
4. forming a new form of organisation to
function efficinetly
7. MOTIVATIOn & ENTERPRENEURSHIP
DEVELOPMENT
INTERNAL FACTOR
1) Educational background
2) Occupational experience
3) Desire to work independently
4) Desire to branch out to manufacturing
5) Family background
8. EXTERNAL FACTOR
1) Assistance from government
2) Assistance from financial institutions
3) Availability of technology
4) Other factors of production
9. ENTERPRENEURSHIP DEVELOPMENT
PROGRAMMES (EDP)
The first enterpreneural development programme was
started by STATE BANK OF INDIA IN (1978 ).The EDP
consist of three distinct phases
1. Initiation phase
2. Develoment phase
3. Support phase
The following schemes initiated under EDP
1 Entrepreneur scheme
2 Equity fund scheme
3 Special capital scheme
10. FUNCTION OF THE EDP
Provide information
Training of entrepreneur
Financial assistance
Rules & regulation
Follow –up support
Selection of entrepreneurs
Training input
Sponsoring of technical consultancy org.
Preparation of directory
Co-ordination
