1. Entrepreneurship Management
Business Environment
Entrepreneurship Management
Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location, the prices of products, the distribution system, or the personnel policies. Hence it is important to learn about the various components of the business environment, which consists of the economic aspect, the socio-cultural aspects, the political framework, the legal aspects and the technological aspects etc.

2. TYPES OF BUSINESS ENVIRONMENT
Entrepreneurship Management
Economic environment and (b) Non-economic environment.
ECONOMIC ENVIRONMENT:
Economic Conditions (eg: GNP, NNP, Interest rate)
Economic Policies (Fiscal, monetary and Exim policies)
Economic System (capitalistic, socialist and mixed economy)
NON-ECONOMIC ENVIRONMENT:
Social Environment
(b) Political Environment
(c) Legal Environment
(d) Technological Environment
(e) Demographic Environment
(f) Natural Environment

3. What is International Business?
IB means carrying of business activities beyond national boundaries. It is an extension of domestic business, which includes the transactions of economic resources such as goods, capital and services comprising of technology, skilled labour, transportation etc. It includes not only international trade of goods and services, but also foreign investment.

4. Similarities between Domestic Business and IB –
Entrepreneurship Management
IB is an extension of Domestic business. Today, all types of business enterprises are inspired to carry on business across the globe. Both IB & DB are similar in some ways. Such as –
Business whether domestic or international, involves buying and selling of goods and services
Profit is the main objective of every business, whether domestic or international.
Both in domestic as well as IB success depends upon satisfying the customers.
Building goodwill is another common objective of both the business.
Research and development for product improvement and adaption is necessary in both businesses.
Business concepts, processes and principles are universally applicable, and the marketer’s task is same in both.

5. Scope of International business.
Entrepreneurship Management
(1)Exports and Imports
(a) Export Trade
(b) Re-export trade
(2) Foreign Direct Investment
Joint Venture
Wholly-owned subsidiary
(3) Management Contracting
(4) Licensing/Franchising
(5) Turnkey Contracts
(6) Counter trade

6. Industrial Policy
It covers rules, regulations, principles, policies, & procedures laid down by government for regulating & controlling industrial undertakings in the country.
It prescribes the respective roles of the public, private, joint, cooperative large, medium & small scale sectors for the development of industries.

7. Industrial Policy Contd...
It incorporates fiscal & monetary policies, tariff policy, labor policy.
It shows the government attitude not only towards external assistance but also toward public & private sectors.

8. Main Objectives To maintain a sustained growth in productivity
To enhance gainful employment
To prevent undue concentration of economic power
To achieve optimal utilization of human resources
To attain international competitiveness and
To transform India into a major partner and player in the global arena

9. Industrial Policy Resolution - 1956
Entrepreneurship Management
The Industrial Policy Resolution was shaped by the Mahalanobis Model of growth, which suggested that emphasis on heavy industries would lead the economy towards a long term higher growth path. The Resolution widened the scope of the public sector. The objective was to accelerate economic growth and boost the process of industrialization as a means to achieving a socialistic pattern of society.

10. IPR 1956 – Main Objectives
To accelerate the rate of growth and speed up industrialization
To develop heavy industries and machine making units
To expand public sector
To reduce disparities in income and wealth
To build up a large growing cooperative sector
To prevent monopolies and concentration of the wealth and income in a few hands

11. IPR 1956 – Salient Features New classification of industries
-Monopoly of the State
-Mixed sector of public and private enterprise
-Industries left for private sector
Mutual dependence of public and private sectors
Assistant and control of private sector
Encouragement of Small scale and Cottage industries
Reduction of Regional disparities
Development of technical and managerial personal
Industrial Peace
Restrictive Attitude towards foreign capital

12. Industrial Policy 1991
In pursuit of the industrial objectives, Government decided to take a series of initiatives in respect of the policies relating to the following areas:
Industrial Licensing
Foreign Investment
Foreign Technology Agreements
Public Sector Policy
MRTP Act

13. Policy focus is on – Deregulating Indian industry;
Industrial Policy 1991
Policy focus is on –
Deregulating Indian industry;
Allowing the industry freedom and flexibility in responding to market forces and
Providing a policy regime that facilitates and fosters growth of Indian industry.

14. PERSONALITY OF AN ENTREPRENEUR
Entrepreneurship Management
Positive aspects of entrepreneurship
Negative aspects

15. Training and Entrepreneurship Development Programme (EDP)
Entrepreneurship Management

16. Entrepreneurship Management
MEANING of ED
Entrepreneurship Management
It refers to the process of enhancing entrepreneurial skills & knowledge through structured training and institutional building programmes.
Entrepreneurial Development mainly focuses on the individual who wishes to start or expand a business.

17. Entrepreneurship Management
ED Training
Entrepreneurship Management
It relates to the program of training in entrepreneurship development with an aim to develop motivation of potential entrepreneurs.

18. Importance of Training
Entrepreneurship Management
Ensures availability of skilled manpower at all management levels
Enhancing abilities, potential among entrepreneurs
Increase efficiency
Maintain and enhance product quality
Minimise wastages in production process
Minimise accidents on the job
Reduce fatigue and increase speed of work
Standardisation in industry and internal processes

19. Objectives of Training
Entrepreneurship Management
Promote and develop small and medium enterprises
Encourage self-employment among potential entrepreneurs
Upgrade the entrepreneurial skills for existing entrepreneurs
Enable them to understand their business environment and its changes
Develop entrepreneurial opportunities for the potential entrepreneurs

20. Entrepreneurship Management
Methods of Training
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Individual instruction
Group instruction
Lecture method
Demonstration method
Written instruction method
Conference
Meetings

21. Entrepreneurship Management
EDP
Entrepreneurship Management
Designed with an aim of encouraging self employment
Imparts training and motivates potential and existing entrepreneurs to start new business or diversify and expand the existing one
Helps employment and wealth creation among educated unemployed youth
Well equipped to face risks and challenges as an entrepreneur

22. Entrepreneurship Management
Objectives of EDP
Entrepreneurship Management
Develop and strength their entrepreneurial quality.
Analysis environmental set up relating to small industry and small business.
Select product
Formulate project for the product
Know pros and cons in becoming an entrepreneur
Develop a broad vision about the business

23. Entrepreneurship Management
Objectives of EDP
Entrepreneurship Management
Develop and strength their entrepreneurial quality.
Analysis environmental set up relating to small industry and small business.
Select product
Formulate project for the product
Know pros and cons in becoming an entrepreneur
Develop a broad vision about the business

24. Entrepreneurship Management
Phases of EDP
Entrepreneurship Management
Phases of EDPs
1) Pre- training Phase
a) Selection of entrepreneurs
b) Arrangement of infrastructure
c) Tie-up of guest faculty for the training purpose. Like that

25. Entrepreneurship Management
2.Training Or Development phase
Technical Knowledge
Achievement motivation
Market Survey
Managerial Skill
Project Preparation

26. 3) Post-training Phases
a) Follow- up
b) Review the pre- training work
C) Review the process of training programmes and
d) Review past training approach

27. Training – Course contents
Entrepreneurship Management
Introduction to entrepreneurship
Motivation training
Essentials of management
Fundamentals of project feasibility study
Organising the business
Plant visit

28. Entrepreneurship Management
Pre requisites of EDP
Entrepreneurship Management
Selection of entrepreneurs
Inputs for EDP
Support system
Follow up

29. Selection of entrepreneurs for EDP
Entrepreneurship Management
The programme is well publicised and promoted to attract maximum applications for screening
Selection of top 25 to 30 applicants only
Applications screened for:
Demographics and socio cultural data – age, education, work exp, financial resources, type of business etc
Motivation factors – pull factors, source of encouragement, credibility, endurance, concreteness of plans
Psychological test results- traits like risk taking, need for achievement

30. Organisations providing EDP
Entrepreneurship Management
Organisations providing EDP

31. Entrepreneurship Management
National Institute for entrepreneurship and Small Business Development (NIESBUD)
Entrepreneurship Management
Established by Government of India in 1983
An apex body for coordination and supervision on activities of various institutes engaged in entrepreneurial development
Helps evolution of EDP, model syllabi, effective training strategies, methodology, manuals and tools
Activities undertaken:
Organise and conduct training programmes
Coordinate training activities of various agencies/institutes
Provide affiliation to such institutes
Hold examinations and confer certificates to trainers and trainees

32. Small Industries Service Institutes (SISI)
Entrepreneurship Management
Three months part time evening courses in management
4-6 weeks part time courses in intensive training in functional areas (marketing, finance)
Special courses in quality control, HR, production planning, product development etc
Mobile workshops imparting training on correct usage of tools and equipment
Helps with preparation of plant layouts
Helps individual firms on specific problems faced

33. Small Industries Development Organisation (SIDO)
Entrepreneurship Management
Runs EDP in collaboration with financial institutes, directorate of industries
Gives on the job training on shop floor (carpentry, electrical devices)
Sends its officials/trainers to organisations to update their knowledge

34. National Small Industries Corporation (NSIC)
Entrepreneurship Management
Provides apprenticeship for 2 years
Training supervisory staff of SSI up to 2 years
Training to engineers up to 2 years
Training workmen for 12 months
Training to set up own venture
Advice on machinery and components
Production of technologically advanced machines

35. Entrepreneurship Development Institute of India (EDII)
Entrepreneurship Management
Develops programmes for entrepreneurial training and development
Develops innovative training techniques for trainers
Focused attention on women entrepreneurs with first such EDP in 1988
EDP for rural entrepreneurship development in U.P and Orissa
Famous for organising camps on entrepreneurship
Condusted EDP in Sri Lanka, Nepal, Ghana, Kenya etc

36. National Alliance of Young Entrepreneurs (NAYE)
Contribution in encouraging women entrepreneurship
Set up women’s wing in 1975
This wing assists women in:
Getting better access to resources, infrastructure, markets
Identify investment opportunities
Attending to problems of individual industries
Sponsor participation in trade fairs, exhibitions, conferences
Organise seminars, training programmes, workshops

37. Financial Institutions:
Entrepreneurship Management
Financial Institutions:  
Commercial banks
IDBI
IFCI 
ICICI 
LIC 
UTI
SFCs
SIDBI
EXIM BANK

38. Criteria for Business loans:
√ Technical assessment of project
√ Experience of the entrepreneurs
√ Financial & commercial practicality of the project
√ Conformity to environmental laws
√ Economic viability of the project
How to apply for business loans in India – Loan application procedure

39. Entrepreneurship Management
Support Institutions
Entrepreneurship Management
NSIC 
SIDO 
SSIB
SSIDC
SISIs
DICS
INDUSTRIAL ESTATES