Entrepreneurship Development

Programmes (EDP)
 Objectives of EDPs:
1. Develop and strengthen their entrepreneurial quality (i.e.,)
motivation or need for the achievement.
2. Analyze environmental setup relating to small industry and
small business.
3. Select product
4. Formulate project for the product.
5. Understand the process and procedure involved in setting
up an small enterprise.
6. Know the sources of help and support available for starting a
small scale industry.
7. Acquire the necessary managerial skills required to run a small
enterprise.
8. To know the pros and cons in becoming an entrepreneur.
9. Appreciate the needed entrepreneurial disciplines.
 Important objectives:

1. Let the entrepreneur himself/herself set or reset

objectives for his/her business and strive for the
realization.
2. Prepare him/her to accept the uncertainty involved in
running a business.
3. Enable him/her to take decision.
4. Enable to communicate clearly and e ectively.
5. Develop a broad vision about the business.
6. Make him subscribe to industrial democracy
7. Develop passion for integrity and honesty
8. Make him learn compliance with law.
Course contents and curriculum of EDPs:

The course content of an EDP are selected in line

with the objectives of the EDPs. It consists of the
following six inputs:
1. General Introduction to Entrepreneurship:

Participants are exposed to a general knowledge of

factors affecting small scale industries, the role of
Entrepreneurs in economic development
Entrepreneurial behavior and the facilities available
for establishing small scale industries.
2. Motivation Training:

Induces and increases the needs for achievement

among the participants. It is the crucial input
of Entrepreneurship training. It injects confidence
and positive attitude and behavior among the
participants towards business. Sometimes
successful Entrepreneurs are also invited to speak
about their experience in setting up and running a
business.
3. Management skills:

Running a business whether large or small requires the

managerial skill participants will be imparted with basic and
essential managerial skills in the functional areas like marketing,
finance, HR, and production. It helps to run business smoothly.

4. Support system and procedure:

The participants also needed to be exposed to the support

available from different institutions and agencies for setting up
and running small scale enterprises.
5. Fundamentals of project feasibility study:

Participants are provided guidelines on the analysis of feasibility

or viability of the particular project in view of marketing,
organization, technical, financial and social aspects knowledge is
also given how to prepare the projects or feasibility report for
certain products.

6. Plant Visits:

In order to familiarize the participants with real life situation in

small business, plant visits are also arranged such trips help the
participants know more about an Entrepreneur's behavior,
personality, thoughts and aspirations.
 Phases of EDP's

An Entrepreneurship development program

consists of the following three phases:

• Pre-training phase
• Training phase
• Post-training phase
 Pre - Training Phase:
The activities and preparations required to launch the training
program come together in the phase.
• Selection of Entrepreneurs
• Arrangement of infrastructure
• Tie-up of guest faculty for the training purpose.
• Arrangement for inauguration of the program
• Selection of necessary tools, techniques to select the suitable
Entrepreneurs
• Formation of selection committee for selecting trainees.
• Arrangement for publicity media and campaigning for the program.
• Development of application form.
• Finalization of training syllabus.
• Pre-potential survey of opportunities
 2. Training Phase:
The main objectives of this phase's to bring desirable
change in the behavior of the trainees. In other
words, the purpose of training is to develop 'need for
achievement' (i.e.,) motivation among the
employees/trainees. Accordingly, a trainer should see the
following changes in the behavior of the trainees.

1. Is he/she attitudinally tuned very much towards his/her

proposed project ideas
2. Is the trainee motivated to plunge into Entrepreneurial career
and bear risk involved in it.
3. Is there any perceptible change in his Entrepreneurial attitude,
outlook, skill, role etc.
4. How should he/she behave like an Entrepreneur?
5. What kind of Entrepreneurial traits the trainee
lacks the most.
6 Whether the trainee possesses the knowledge of
technology, resources and other knowledge
related to Entrepreneurship?
7 Does the trainee possess the required skill in
selecting the viable projects, mobilizing the
required resources at right time.
 3. Post- Training phase (Follow up):

The ultimate objective of the Entrepreneurship

development program is to prepare the participants to
start their enterprises. This phase involvement
assessment to judge how far the objectives of the
program had been achieved, this is called Follow up.In
nutshell, the purpose behind the EDP follow up is to:

• Review the pre-training work.

• Review the process of training program
• Review post training approach.
 Problem faced by EDP:

• Trainer - motivations are not found upto the mark in

motivating the trainees to start their own enterprises.
• ED organization lack in commitment and sincerity in
conducting the EDPs.
• Non-conductive environment and constraints make the
trainer - motivators role ineffective.
• The antithetic attitude of the supporting agencies like
banks and financial institutions serves as stumbling block
to the success of EDPs.
• Selection of wrong trainees also leads to low success role
of EDPs.