Sunday, August 19, 2012

ROLE OF ENTREPRENEUR IN GENERATION OF EMPLOYMENT OPPORTUNITIES






Entrepreneur plays a significant role in generation of employment opportunities. As we all know, entrepreneurship is a purposeful activity indulged in initiating, promoting and maintaining economic activities for production and distribution of goods and commodities, the person behind these economic activities is, therefore, a critical factor as well as an integral component of socio-economic  transformation. The development strategy of our country confronts two important problems-unemployment and poverty of the masses. These problems can be effectively minimized by activating the latent human potentials through entrepreneurship. This leads to the creation of self-employment avenues for large number of people.

  For reduction of unemployment, entrepreneurship in small and tiny sector industries, both in manufacturing and service sectors, is imperatively needed. Thus, the role of entrepreneur and its significance in generation of employment opportunities can be depicted under the following heads.
  1. Establishing tiny, micro and small scale entrprises:
Role of entrepreneur in establishment the above types of enterprises is perceived as a powerful medium to address several socio-economic issues and the chief among them is generation of employment opportunities for millions. In a developing economy like India, where population pressure is quite high and job employment is limited, the role of entrepreneur is very much significant. Entrepreneurial development gives rise to economic independence through self-employment. Creation of tiny, micro and small enterprises by the entrepreneurs can lead to creation of both self- employment and wage- employment opportunities, thereby solving the problem of unemployment in the economy.


  1. Giving emphasis upon village and cottage industries
Up liftment of economically backward sections of the society can be possible if self- employment opportunities can be provided at the grass root level. To enable these people in backward regions of the state to set up village and cottage industries, government has implemented several antipoverty programmes like PMRY, TRYSEM, SGSY, REGP etc, and the importance of entrepreneurs in cottage and village industries sector has been clearly acknowledged by Mahatma Gandhi by his policy priorities in village upliftment including khadi and village industries in his famous constructive programme in 1922. Prior to independence, cottage industries and handicraft production located in rural areas had occupied a distinct place in Indian economy because of their high potential in employment generation and income creation especially in rural and backward areas. As such, entrepreneur can play a significant role in setting up and reviving the cottage and village industries, thereby creating employment opportunities to a large number of people living in rural and backward pockets of the country.



  1. Utilising the surplus labour force in industrial activities
India is a primary producing country. This characteristics feature is further  accentuated by seasonality feature of the agriculture. Therefore, for a large part of the year, people remain , more unemployed. Disguised unemployment is a chronic phenomenon in agriculture where in more  people work in a field than actually required. So the surplus labour force is transferred and utilized by the entrepreneur in non-farm sector activities like small tiny, cottage and village industries which are labour intensive in nature.


Entrepreneurship.What does it consist of !




In our country entrepreneurship movement is gathering momentum now-a-days and a plethora of support agencies are coming forward to drive the movement a long way for success.

A high sense of responsibility is an essential ingredient for development of entrepreneurship worldwide. As such:

              Entrepreneurship = Entrepreneur + Enterprise
 
                     
             (Process)                 (Person)          (Object)







Friday, August 17, 2012

QUOTATION FROM BILL GATES




Its not one's responsibility  to be born poor but it is one's responsibility not to die poor



ENTREPRENEURSHIP EDUCATION IN HIGHER EDUCATION

IMPORTANCE OF ENTREPRENEURSHIP EDUCATION AND  HOW TO INCULCATE  ENTREPRENEURSHIP EDUCATION IN THE CURRICULA OF HIGHER EDUCATION





       A training process for influencing the behaviours, attitudes and intentions of individuals towards entrepreneurship.
       With entrepreneurship education individuals are provided with skills for recognizing and exploitating opportunities so as to create employment

How can university embed entrepreneurship education in the curricula?

         i.            Specification of the purpose
       ii.            Specification of the target group
      iii.            Specification of the course contents
     iv.            Specification of the modes of teaching
       v.            Linking entrepreneurship education with society
     vi.            Obtaining feedback
            PURPOSE
           Entrepreneurial spirit/attitude
       New venture creation
       Managing ongoing businesse enterprises
       General undestanding of what entrepreneurship is all about
       Target groups
     University students
       Undergraduate
       Postgraduate

COURSE CONTENTS
Key areas

       Obtaining financial capital
       Opportunity discovery
       Business plan
       Enterprise management
       new venture creation

MODE OF TEACHING
       Lectures
       Case studies
       Group Discussions
       Presentations
       Guest speekers
       Business plan creation

LINKING ENTREPRENEURSHIP TRAINING WITH THE SOCIETY

       Internship opportunities with local entrepreneurs
       Entrepreneurship center
       Research

FEEDBACK
 (Experience vs Expectations)

       From students
       Lecturers
       Involved entrepreneurs