Entrepreneurship Development

Thursday, March 18, 2010

ENTREPRENEURIALTRAINING AND DEVELOPMENT -BOON FOR INDUSTRIALISATION

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As we know very well, Entrepreneur is a person who discovers new idea and business opportunities, brings together, funds to establish a business, organizes and manages its portions in order to provide economic goods and service for the public. Entrepreneurial training and development is an organized and systematic effort.

The advent of 90’s brought about a radical change in the outlook of the Indian Business community. The Indian businessmen who so far were playing in their domestic market under protection suddenly found that global players were allowed to play in their market. The response is mixed. Almost a decade later, the equilibrium has set in with all Indian players being aware of the global rules of the game and equipping themselves towards the same. The result is that, they while earlier complaining about invasion now realize that their market has expanded. Thus the new economy has set in and has come to stay for a while. Entrepreneurship is going to be one of the trends in the21st Century as described in 1982 in the book Mega trends by John Naisbitt and Patricia Aburdene.

There would be shifts from: Industrial society to information society, forced technology to high tech / high touch, national economy to world economy, representative democracy to participatory democracy, hierarchies to networking. The Mega trends which would be the gateway to the 21st Century and which would be influencing our lives are :

The booming global economy of the nineties, the emergence of free market socialism, global lifestyles and cultural nationalism, the decade of women in leadership and entrepreneurship. However, in order to lead India towards real entrepreneurial society, the Government of India as well as the entrepreneurs has to take a number of steps to incubate the spirit of entrepreneurship among the educated youth of the country. These steps include integrating entrepreneurship in the education mainstream, cultivating an entrepreneurial culture by helping society to change its value system, increasing facilities and incentives, undertaking R&D and innovations, and assigning a bigger and broader role to entrepreneurs in economic development.

Against this backdrop, Entrepreneurial training and development can be defined as “a programme designed to help an individual in strengthening his entrepreneurial motive and in acquiring skill and capabilities necessary for playing his entrepreneurial role effectively. . The objective of entrepreneurial training and development is to motivate a person for entrepreneurial career to make him capable and perceiving and exploiting successful opportunities for enterprises. It is necessary to promote his understanding of motives and their impact on entrepreneurial values and behavior for this purpose

It is in this context, it is worthwhile to mention the need and functions of an entrepreneurial development programme which are as follows:

To enlarge the supply, of entrepreneurs for rapid industrial development,
To develop small and medium enterprise sector which in necessary for employment generation and wider dispersal of industrial ownership.
To industrialize rural and backward regions
To provide gainful self-employment to educate young men and woman.
To diversify the sources of entrepreneurship and
The improve the performance of small-scale industries by developing managerial skill among small entrepreneurs.

Objectives of Entrepreneurial Training and Development

To let him set & reset the objectives for his business and work individually and along with his group for the realization of them.
To prepare him for accepting to totally unfore seen risks of business for a long time after such training & development
To enable him to take strategic decision
To enable him to build and integrate team equal to the demands of tomorrow
To communicate fast, clearly & effectively
To develop a broad vision to see the business as a whole and to integrate his function with it
To enable him to relate his product and industry to the total environment; to find what is significant in it and to take it into account in his decision and actions
To enable him cope up and co-ordinate the different types of paper work, most of which is statutorily obligatory
To make him subscribe to industrial democracy that is, accepting workers as partners in enterprise and,
To strengthen his obsession for integrity, honesty and compliance with the law. This is the key to success in the long-run.

From the above objectives and need of the training it is seriously felt by the institutions to look for strategic options to improve the value addition of the Training programmes. It is a well known fact that the world has turned out to be competitive in all aspects. Hence the Entrepreneurship Development Institutions has also to face the challenges ahead of them in providing efficient training to the future generation entrepreneurs, which will cater to their needs and serve their purpose.

About the Author:

Dr.R.SRINIVASAN is a Post graduate in commerce and Management. He received his doctoral degree from Alagappa University in 1997. He currently teaches financial management and Research Methodology Subjects in Post graduate and Research Department of Corporate Secretaryship at Bharathidasan Government College for Women (Autonomous), Pondicherry University, Puducherry. Before Joining BGCW, he was teaching in SNR College, Coimbatore, Sindhi college, Chennai& T.S.Narayanasamy College, Chennai for eight years. He was with the industry for a short term at Salzar Electronics Pvt. Ltd, Coimbatore. He has about 20 years of teaching experience and having research experience of 15 years. His interests are in Accounting and finance, Capital Market, Quantitative Methods. He underwent the Faculty Development Programme at Indian Institute of Management Ahmedabad during 2000-01. He has presented 20 papers in national and international conferences and has published twenty papers in the areas of Finance and Human resource Management in National Journals. Co-authored a book titled, ‘Investors Protection, published by Raj Publications, New Delhi He has delivered lectures in contemporary finance topics at Pondicherry University. He is involved in consultancy projects for Godrej Saralee, Chennai in the areas of Statistical Applications. He has supervised a number of research projects in the area of corporate finance and Human Resource Management. He is the Board of examiner in corporate Secretaryship and Management for the past two decades. .

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