Internal Assessments

Program – MBA
Subject - Entrepreneurial Development

Assessment Type – Internal Assessment (Subjective

Assignment)

Total Marks - 100

Guidelines:

 The response sheet should be in word format which should be uploaded in the
learning management system
 A plagiarism check should be done by student through plagiarism tool provided in
the learning management system
 Permissible plagiarized limit is 10%. Response sheet found with plagiarized content
above 10% would not be evaluated for the said assessment.
 The said assignment is for 100 marks with 5 questions each. (20 marks per
questions)
 Passing criteria is 50% for every assignment.

Questions:
1. What is entrepreneurial development? State the importance of entrepreneurial
development.
2. What is the role of consultancy organisations in promoting entrepreneurs?
3. What are the areas of project feasibility? What are the benefits of a feasibility
study?
4. What are the components of the project report? Distinguish between project
report and feasibility report?
5. What are the incentives subsidies & assistance the government is providing to
entrepreneurs in India?
1. What is entrepreneurial development? State the importance of entrepreneurial
development.
Entrepreneurial development refers to the process of enhancing the skills, knowledge, and
capacities of individuals to undertake and manage entrepreneurial activities effectively. It
involves the systematic development of entrepreneurial competencies, attitudes, and
behaviors to foster innovation, risk-taking, and the creation of new ventures.
Entrepreneurial development programs aim to nurture and empower individuals to
become successful entrepreneurs, whether by starting new businesses or driving
innovation within existing organizations.
Importance of Entrepreneurial Development:
Economic Growth and Job Creation:
Entrepreneurial ventures contribute significantly to economic growth by creating new
businesses and generating employment opportunities. Entrepreneurs drive innovation and
productivity, leading to overall economic development.
Innovation and Creativity:
Entrepreneurial development encourages individuals to think innovatively and creatively.
Entrepreneurs often bring new ideas, products, and services to the market, leading to
technological advancements and improved business processes.
Adaptability and Resilience:
Entrepreneurial development programs instill qualities such as adaptability and resilience.
Entrepreneurs must navigate uncertainties, overcome challenges, and adapt to changing
market conditions, making them more resilient in the face of adversity.
Wealth Creation:
Successful entrepreneurship can lead to wealth creation for both individuals and society.
By identifying opportunities and creating value, entrepreneurs contribute to the
accumulation of wealth and prosperity.
Market Diversification:
Entrepreneurs often introduce new products or services, contributing to market
diversification. This diversification enhances the competitiveness of the economy and
reduces dependence on a narrow range of industries.
Community Development:
Entrepreneurial development has positive effects on local communities. New businesses
contribute to community development by creating jobs, supporting local economies, and
fostering social development.
Enhanced Productivity:
Entrepreneurs are often driven by a desire to improve efficiency and productivity.
Entrepreneurial development programs focus on equipping individuals with the skills
needed to enhance productivity, whether through process improvements or the
introduction of new technologies.
Global Competitiveness:
Entrepreneurs who engage in international trade and business contribute to the global
competitiveness of their countries. Entrepreneurial development fosters a mindset that
encourages entrepreneurs to explore opportunities beyond domestic markets.
Social Impact:
Entrepreneurs have the potential to address societal challenges by developing innovative
solutions. Social entrepreneurship, in particular, focuses on creating ventures that have a
positive impact on communities and address social issues.
Fostering a Culture of Entrepreneurship:
Entrepreneurial development contributes to the creation of a culture that values and
encourages entrepreneurship. This cultural shift promotes a positive attitude toward risk-
taking, innovation, and the pursuit of opportunities.
Leadership Development:
Entrepreneurial development programs often contribute to the development of leadership
skills. Entrepreneurs need to exhibit strong leadership qualities to inspire and lead their
teams toward achieving organizational goals.
Enhanced Self-Employment Opportunities:
Entrepreneurial development empowers individuals to explore self-employment
opportunities. This is particularly important in situations where traditional employment
opportunities may be limited.
Financial Inclusion:
Entrepreneurial development can contribute to financial inclusion by enabling individuals,
including those in marginalized or underserved communities, to participate in economic
activities and access financial resources for their ventures.
In conclusion, entrepreneurial development is crucial for fostering economic growth,
encouraging innovation, and creating a positive impact on individuals, communities, and
society at large. By investing in the development of entrepreneurial skills and mindset,
nations can unlock the potential for sustained economic development and prosperity.

2. What is the role of consultancy organisations in promoting entrepreneurs?

Consultancy organizations play a crucial role in promoting entrepreneurs and
fostering the growth of new ventures. Their involvement spans various stages of the
entrepreneurial lifecycle, offering specialized services, guidance, and support to
individuals and businesses aiming to establish and grow their entrepreneurial
ventures. Here are several key roles that consultancy organizations play in
promoting entrepreneurs:
Business Planning:
Consultancy organizations assist entrepreneurs in developing comprehensive
business plans. This involves helping them define their business concept, market
strategy, financial projections, and operational plans. A well-prepared business plan
is essential for attracting investors and guiding the startup process.
Market Research and Analysis:
Consultancies conduct market research to help entrepreneurs understand their
target markets. This involves analyzing industry trends, identifying competitors,
assessing consumer needs, and providing insights that inform strategic decision-
making.
Feasibility Studies:
Consultancy organizations conduct feasibility studies to assess the viability of
entrepreneurial ideas. These studies evaluate the technical, financial, operational,
and market feasibility of a business concept, helping entrepreneurs make informed
decisions about moving forward.
Access to Funding:
Consultancies assist entrepreneurs in accessing funding by helping them identify
appropriate sources of capital. This may include preparing entrepreneurs to pitch to
investors, connecting them with venture capital firms, or guiding them through the
process of securing loans or grants.
Legal and Regulatory Compliance:
Consultancies provide guidance on legal and regulatory compliance. Entrepreneurs
need to navigate a complex landscape of laws and regulations, and consultancy
organizations can help them understand and adhere to legal requirements in areas
such as business registration, contracts, and intellectual property.
Technology and Innovation Adoption:
Consultancy organizations keep entrepreneurs abreast of the latest technologies
and innovative practices relevant to their industries. This helps entrepreneurs stay
competitive by adopting cutting-edge technologies and business models.
Operational Efficiency:
Consultancies help entrepreneurs optimize their operational processes for efficiency.
This includes advising on supply chain management, production processes,
inventory management, and other operational aspects to enhance productivity.
Strategic Planning:
Consultancy organizations assist entrepreneurs in developing and refining their
strategic plans. This involves setting clear goals, defining competitive positioning,
and formulating strategies for sustainable growth.
Mentorship and Coaching:
Many consultancy organizations offer mentorship and coaching programs to
entrepreneurs. Experienced consultants provide guidance, share insights, and offer
support to help entrepreneurs navigate challenges and make informed decisions.
Networking Opportunities:
Consultancies often provide entrepreneurs with valuable networking opportunities.
This includes connecting them with potential partners, clients, investors, and other
entrepreneurs, fostering a supportive ecosystem for collaboration and growth.
Training and Skill Development:
Consultancy organizations offer training programs and workshops to enhance the
skills and capabilities of entrepreneurs. This may cover areas such as leadership,
financial management, marketing, and innovation.
Risk Management:
Consultancies assist entrepreneurs in identifying and managing risks associated with
their ventures. This includes conducting risk assessments, developing risk mitigation
strategies, and helping entrepreneurs navigate uncertainties.
Exit Strategies:
Consultancy organizations assist entrepreneurs in developing exit strategies.
Whether it involves selling the business, merging with another company, or going
public, consultants provide guidance on planning for a successful exit.
Impact Assessment:
Consultancies help entrepreneurs assess the impact of their ventures. This includes
evaluating the social, environmental, and economic impact of business activities and
identifying opportunities for sustainability.
In summary, consultancy organizations play a multifaceted role in promoting
entrepreneurs by offering a range of services that support the development, growth,
and sustainability of entrepreneurial ventures. Their expertise and guidance
contribute significantly to the success of entrepreneurs and the overall vibrancy of
the entrepreneurial ecosystem.
3. What are the areas of project feasibility? What are the benefits of a feasibility study?

Areas of Project Feasibility:

A project feasibility study is a crucial step in the entrepreneurial process that
involves assessing the viability of a proposed project or business idea. The feasibility
study typically covers various areas to ensure a comprehensive evaluation. The key
areas of project feasibility include:
Market Feasibility:
Objective: To assess the demand for the product or service in the target market.
Considerations: Market size, growth potential, competition analysis, customer needs
and preferences.
Technical Feasibility:
Objective: To evaluate the technical aspects of the project. Considerations:
Technology requirements, availability of resources, production processes, and
technical expertise needed.
Financial Feasibility:
Objective: To analyze the financial viability of the project. Considerations: Cost
estimation, revenue projections, return on investment (ROI), break-even analysis,
and funding requirements.
Operational Feasibility:
Objective: To assess whether the project can be effectively implemented and
integrated into existing operations. Considerations: Resource availability, workflow
analysis, logistics, and operational processes.
Legal and Regulatory Feasibility:
Objective: To determine if the project complies with legal requirements and
regulations. Considerations: Business permits, licenses, environmental regulations,
and compliance with industry standards.

Organizational Feasibility:
Objective: To evaluate the capability of the organization to undertake the project.
Considerations: Organizational structure, human resources, management capabilities,
and existing infrastructure.
Scheduling and Time Feasibility:

Objective: To assess the time required to complete the project.

Considerations: Project timeline, critical path analysis, and potential delays.
Social and Environmental Feasibility:

Objective: To evaluate the social and environmental impact of the project.

Considerations: Social responsibility, community impact, and adherence to
environmental standards.
Benefits of a Feasibility Study:
Risk Identification:
A feasibility study helps identify potential risks and challenges associated with the
project. This early identification allows entrepreneurs to develop risk mitigation
strategies.
Informed Decision-Making:
Entrepreneurs can make more informed decisions about whether to proceed with
the project based on the findings of the feasibility study.
Resource Allocation:
The study assists in efficient resource allocation by providing insights into the
financial requirements, helping entrepreneurs allocate resources effectively.
Improved Planning:
Entrepreneurs can develop a more detailed and effective business plan based on the
findings of the feasibility study, leading to better planning and execution.
Investor Confidence:
A well-conducted feasibility study enhances investor confidence. It provides
potential investors with a clear understanding of the project's viability and potential
returns.
Cost Savings:
By identifying potential issues early on, entrepreneurs can avoid costly mistakes and
adjust the project plan to minimize expenses.
Strategic Direction:
The study helps in determining the strategic direction of the project, allowing
entrepreneurs to align the project with the overall goals and objectives of the
organization.
Marketing and Positioning:
Through market feasibility analysis, entrepreneurs can develop effective marketing
strategies and position their products or services to meet customer needs.
Compliance with Regulations:
Identifying legal and regulatory requirements ensures that the project is launched in
compliance with applicable laws, reducing the risk of legal issues.
Stakeholder Communication:
The findings of the feasibility study can be communicated to stakeholders, creating
transparency and ensuring that all relevant parties are on board with the project.
Time Management:
The study provides insights into the time required for project completion, helping in
effective time management and scheduling.
Enhanced Project Success:
Ultimately, a feasibility study increases the likelihood of project success by
addressing potential challenges and providing a clear roadmap for implementation.

A feasibility study is a critical tool for entrepreneurs as it helps in assessing

the viability of a project from various perspectives, minimizing risks, and enhancing
the chances of success. It is a valuable step in the entrepreneurial process that
informs decision-making and sets the foundation for effective project planning and
execution.

4. What are the components of the project report? Distinguish between project
report and feasibility report?
Components of the Project Report:
A project report is a comprehensive document that outlines the details of a proposed
project. It provides a thorough analysis of various aspects of the project and serves as a
guide for planning, implementation, and evaluation. The key components of a project
report typically include:
Introduction:
Background information about the project, its objectives, and the rationale for undertaking
it.
Executive Summary:
A concise summary of the entire project report, highlighting key aspects such as objectives,
methodology, findings, and recommendations.
Project Description:
Detailed information about the project, including its scope, goals, and specific deliverables.
Market Analysis:
Examination of the market conditions, including industry trends, target audience,
competition analysis, and potential opportunities and threats.
Technical Details:
Information about the technical aspects of the project, including technology requirements,
infrastructure needs, and production processes.
Financial Analysis:
Detailed financial projections, including cost estimates, revenue forecasts, break-even
analysis, and return on investment (ROI) calculations.
Operational Plan:
A plan detailing how the project will be implemented, including timelines, milestones,
workflow, and resource requirements.
Risk Analysis:
Identification and assessment of potential risks associated with the project, along with
strategies for risk mitigation.
Organizational Structure:
Information about the organizational structure required for project implementation,
including roles and responsibilities.
Regulatory Compliance:
An assessment of legal and regulatory requirements, as well as compliance strategies to
ensure adherence to applicable laws.
Project Schedule:
A detailed timeline that outlines the various phases of the project, milestones, and
deadlines.
Monitoring and Evaluation:
Mechanisms for monitoring and evaluating project progress, including key performance
indicators (KPIs) and evaluation criteria.
Conclusion and Recommendations:
Summarization of key findings, conclusions drawn from the analysis, and recommendations
for project success.
Appendix:
Additional supporting documents, data, or detailed analyses that supplement the main
content of the report.
Distinguishing Between Project Report and Feasibility Report:
While both project reports and feasibility reports are important documents in the project
development process, they serve distinct purposes:
Purpose:
Project Report: Provides a comprehensive overview of the entire project, including its
objectives, methods, outcomes, and future plans. It is a detailed document that serves as a
guide for project implementation.
Feasibility Report: Focuses specifically on assessing the feasibility of the project before it is
undertaken. It evaluates various aspects such as market conditions, technical feasibility,
financial viability, and operational feasibility.
Timing:
Project Report: Developed after the feasibility study and serves as a detailed plan for the
actual implementation of the project. Feasibility Report: Conducted before the project
report to determine whether the project is viable and worth pursuing.
Content:
Project Report: Encompasses all aspects of the project, including technical details, market
analysis, financial projections, and operational plans. Feasibility Report: Primarily focuses
on the analysis of project feasibility, examining factors such as market demand, technical
feasibility, financial viability, and potential risks.
Scope:
Project Report: Provides a comprehensive view of the entire project lifecycle, from
planning and implementation to monitoring and evaluation.
Feasibility Report: Specifically addresses the feasibility of the project, helping stakeholders
decide whether to proceed with the project.
In summary, a feasibility report is conducted before the project report and focuses on
evaluating the viability of the project. The project report, on the other hand, is a detailed
document that outlines the entire project, including its objectives, plans, and
implementation details. Both reports are essential for effective project development and
management.

5. What are the incentives subsidies & assistance the government is providing to
entrepreneurs in India?
As of my last knowledge update in September 2021, various incentives, subsidies,
and assistance programs are provided by the Indian government to support
entrepreneurs and promote entrepreneurship. It's important to note that
government policies and programs may change, so it's advisable to check for the
latest information from official government sources. Here are some of the key
incentives and support mechanisms for entrepreneurs in India:
Startup India Initiative:
The Startup India initiative, launched by the Government of India, aims to foster
entrepreneurship and promote the growth of startups. It offers various benefits,
including tax exemptions, funding support, and simplification of compliance
procedures.
Pradhan Mantri Mudra Yojana (PMMY):
PMMY is a government scheme that provides financial support to micro-enterprises
and entrepreneurs. It offers collateral-free loans through financial institutions to
promote the growth of small businesses.
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE):
CGTMSE facilitates collateral-free credit to small and micro-enterprises by providing
credit guarantee to banks and financial institutions. It encourages lending to
entrepreneurs who may have limited collateral.
Stand-Up India Scheme:
This scheme is designed to promote entrepreneurship among women, Scheduled
Castes (SC), and Scheduled Tribes (ST) by providing loans for setting up Greenfield
enterprises in manufacturing, trading, or services.
National Small Industries Corporation (NSIC) Subsidy:
NSIC provides various schemes and subsidies to small-scale industries, including the
Raw Material Assistance Scheme, Marketing Assistance Scheme, and Performance
and Credit Rating Scheme.
Technology Upgradation Fund Scheme (TUFS):
TUFS is aimed at facilitating technology upgradation in the textile and jute industry
by providing subsidies and support for modernization and capacity expansion.
Credit Link Capital Subsidy Scheme (CLCSS):
CLCSS provides subsidies for technology upgradation of micro and small enterprises
in the specified sectors, including agro-processing, food processing, and textiles.
Export Credit Guarantee Corporation (ECGC):
ECGC provides export credit insurance to protect entrepreneurs against the risk of
non-payment by overseas buyers. This encourages entrepreneurs to explore
international markets.
Cluster Development Programme:
The Cluster Development Programme supports the development of industrial
clusters by providing financial assistance for infrastructure development, technology
upgradation, and skill development.
Pradhan Mantri Employment Generation Programme (PMEGP):
PMEGP is a credit-linked subsidy program that provides financial support for setting
up new micro-enterprises and small businesses. It aims to generate employment
opportunities.
Skill India Initiative:
Skill India focuses on skill development and entrepreneurship. Various schemes
under Skill India aim to train and empower individuals to become entrepreneurs or
enhance their employability.
Research and Development Cess Incentives:
Certain industries in the research and development sector may avail incentives and
concessions related to the Research and Development Cess.
Entrepreneurs are encouraged to explore these schemes and incentives to
determine eligibility and take advantage of the support provided by the
government. Additionally, state governments may have their own schemes and
incentives to promote entrepreneurship at the regional level.