|Entrepreneurship Development||Learning Schedule|
|Pre-requisites: General Awareness||3||0||0||3|
This course introduces students to the nature of business and entrepreneurship as the vehicle for making money by creating wealth and producing goods and services for a profit in a free enterprise economy. Emphasis is on different forms of business organizations including sole proprietorships, partnerships, corporations, joint ventures and not-for-profit enterprises. Other topics include the environment of business, globalization, e-business and Internet as they affect national and international trade. A comparison is made between entrepreneurs and intrapreneurs (corporate entrepreneurs) who work for companies. Ethics in management and reporting of business performance to stakeholders are emphasized throughout the course.
The objective of the section is to develop conceptual understanding of the topic among the students and comprehend the environment of making of an Entrepreneur. Specific topics to be covered in the section are as follows:
- To inculcate entrepreneurship skills to students.
- To aware about industry structure and how to start up a company
Unit I : Entrepreneurship
Definition, requirements to be an entrepreneur, entrepreneur and intrapreneur, entrepreneur and manager, growth of entrepreneurship in India, women entrepreneurship, rural and urban entrepreneurship.
Unit II : Entrepreneurial Motivation
Motivating factors, motivation theories-Maslow’s Need Hierarchy Theory, McClelland’ s Acquired Need Theory, government’s policy actions towards entrepreneurial motivation, entrepreneurship development programmes.
Unit III : Types of Enterprises and Ownership Structure:
Small scale, medium scale and large scale enterprises, role of small enterprises in economic development; proprietorship, partnership, Ltd. companies and co-operatives: their formation, capital structure and source of finance.
Unit IV: Projects:
Identification and selection of projects; project report: contents and formulation, concept of project evaluation, methods of project evaluation: internal rate of return method and net present value method.
Unit V: Management of Enterprises
Objectives and functions of management, scientific management, general and strategic management; introduction to human resource management: planning, job analysis, training, recruitment and selection, etc.; marketing and organizational dimension of enterprises; enterprise financing : raising and managing capital, shares, debentures and bonds, cost of capital; break- even analysis, balance sheet its analysis..
Institutional Support and Policies: institutional support towards the development of entrepreneurship in India, technical consultancy organizations, government policies for small scale enterprises.
- Ram Chandran, ‘Entrepreneurial Development’, Tata McGraw Hill, New Delhi
- Saini, J. S., ‘Entrepreneurial Development Programmes and Practices’ , Deep & Deep Publications (P), Ltd.
- Khanka, S S. ‘Entrepreneurial Development’, S Chand & Company Ltd. New Delhi
- Badhai, B ‘Entrepreneurship for Engineers’, Dhanpat Rai & co. (p) Ltd.
- Desai, Vasant, ‘ Project Management and Entrepreneurship’, Himalayan Publishing House, Mumbai, 2002.
- Gupta and Srinivasan, ‘Entrepreneurial Development’, S Chand & Sons, New Delhi.