Presented by:Nitin Agarwal MBA IIIrd SemRoll No. 38

An EDP consists of following three broad phases:

Pre training phase

Training phase

Post training phase (Follow-up)

A.) Pre-training Phase

The activities and preparations required to launch the programme come under this phase.

It includes:

Designing of Course Curriculum or Contents.

Exploring & Selecting appropriate faculty and resource persons.

Insertion of advertisement.

Screening & selection of potential entrepreneurs.

B.) Training Phase

The main objective of this phase is to bring desirable change in the behaviour of trainees.

The behavioural changes that need to be measured and monitored through the training programme are :

Raising the motivation level of entrepreneurs.

Developing a goal directed behaviour pattern.

c) Raising positive thinging & belief.

d) Arousing and raising change oriented innovative psyche

e) Arousing & raising a psyche of risk-seeker.

f) Developing a high degree of self confidence.

g) Developing a psyche of responsibility seeker.

h) Developing a strong sense of perseverance & commitment.

C.) pOst-training or follow up phase This phase involves the assessment to judge how far the objectives have been achieved.

The purpose behind EDP follow-up is to:

Review the pre-training work.Review the process of training programme.Review past training approach.

Selecting Area

Techno-Economic survey of the area and Introduction of EDP to the Community

Prepare PFS for selected types of industries

Revision of Curriculum

Advertising of EDP training course

Symposium

Selecting Participants

EDP training

Follow-up

Post-training Assistance

Fig: EDP flow chart

Entrepreneurial performance is a function of the following factors:Socio cultural background of the entrepreneur (SB).Motivational force (MF)Knowledge and ability of entrepreneurs (KA)Financial Strength (FS)Environmental Variables (EV)

Symbolically Entrepreneurial Performance (EP) can be represented in the following way:EP = f(SB, MF, KA, FS & EV)

Entrepreneurship Development Institute of India, Ahmedabad had undertaken a nationwide evaluation study on the effectiveness of EDPs.Table: Performance of the sample EDPs at a glance

DescriptionNumberEDPs covered (Sample size)EDP trainees covered in sample EDPsSample trainees interviewedSample trainees not available & non-traceableNumber of units set-up by EDP traineesTrainees actively under processTrainees blocked under processTrainees who gave upNon-traceable traineesStart-ups among non-availableNon start-ups among non-availableExpected final start-up rate (e+f+j)14512958654302777812938114659225414

The major findings of this study are:

One out of four trainees actually started his/her enterprise after completing EDPs.

The final start-up rate is higher around 32 percent.

About 10 percent trainees are found blocked due to various reasons at various stages in the process of setting up their enterprise. If proper assistance is not provided they may add to the category of 29 percent trainees who have already dropped the idea of setting up their own enterprises.

17 percent have given up the idea of starting their ventures as they were engaged in other activities.

The following main criteria can be employed to comment on the performance of entrepreneurs:

Financial Results

Gestation Period

Capacity Utilisation

Expansion and Diversification

Value Addition

Other Factors

No policy at the national levelProblems at the pre-training phaseOver estimation of traineesDuration of EDPsNon-availability of infrastructural facilitiesImproper methodologyNon availability of competent facultyPoor response of financial institutions

Emphasis on stimulating, supporting & sustaining activities.Model based EDPsFocus on achievement motivationDesigning of viable projectsSelection of traineesTraining of trainersDuration of EDPs

Creation of employment opportunitiesCapital FormationBalanced Regional DevelopmentUse of Local ResourcesImprovement in per capita incomeImprovement in standard of livingEconomic independencePreventing industrial slumsReducing Social TensionFacilitating overall Development

Entrepreneurial Development - S.S. Khanka

Entrepreneurial Development - C.B. Gupta & N.P. Srinivasan

Fundamentals of Entrepreneurship Sood & Arora

Thank You!!!

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