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Entrepreneurship Development Programme (EDP)

This document discusses various topics related to entrepreneurship development and project management. It covers identifying potential entrepreneurs using traits and personality theories, developing entrepreneurial competencies through self-assessment and practice. It also discusses factors to consider for industrial location and plant layout such as availability of resources and infrastructure. The document provides guidance on product design, quality control, and determining order quantities in small scale industries.

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Vaishnavi Krushakthi
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76 views18 pages

Entrepreneurship Development Programme (EDP)

This document discusses various topics related to entrepreneurship development and project management. It covers identifying potential entrepreneurs using traits and personality theories, developing entrepreneurial competencies through self-assessment and practice. It also discusses factors to consider for industrial location and plant layout such as availability of resources and infrastructure. The document provides guidance on product design, quality control, and determining order quantities in small scale industries.

Uploaded by

Vaishnavi Krushakthi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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Project management & Entrepreneurship

By, Prof. Balaji Srinivasan

Entrepreneurship Development Programme(EDP)


EDP: (is expected to achieve)
Removal

of unemployment Enhancing of industrial development Promoting of small scale industries Development of industrially underdeveloped regions

Techniques of identifying potential Entrepreneur is based on:

Sound theoretical background. Standardized tests administered by experts

Approaches:
The traits (or) personality theory approach (TTA):
This theory states that prospective entrepreneurship certain personality traits such as risk taking,achievement motivation which distinguish them from others.Hence people are selected by conducting Psychological tests aimed at measuring such traits.

Field Theory approach


This theory states that the individual behaviour is to be studied in the social (or) environmental context of person.

Role theory approach


Here individual is to be studied in two contexts: What a person perform How he reaches to the situation Here, past history of the candidate is necessary to look into for understanding his entrepreneurial abilities. Note: Any single theory cannot be an answer to selection procedure; combination is to be considered.

Test for selection

Paper & pencil test Projective Test Situational Test Biodata questionnaire followed by individual interviews.

Other conducted to assess the motive of the people


Thematic Apperception Test (TAT):
Person is expected to a series of pictures for brief period of time and is required to write short stories (in 5 or 6 minutes) about the pictures.

Competence
A competence is an underlying characteristics of a person, which results in effective and/or superior performance in a job. A job comptence is an underlying characteristics of a person, in the it may be motive,traits,skills,aspect of ones seld image (or) a body of knowledge which one uses.

The existence of the characteristics may (or) may not be known to the person

Developing Entrepreneurial Competencies

Understanding & recognizing Self assessment Practice Application in Real life situation. Feedback

Industrial location : Strategic Decision


Important Factors: Availabilty of Raw materials Nearness to market Infrastructural facilities Govt policy Availability of Manpower (i.e) Labour Local laws & Regulations Ecological & Environmental factors Competition Fire service, Police, Hospital etc., Start the industry at ones native place i.e. Home land

Plant layout
Factors to be considered Production tech & Production nix Efficiency & uninterrupted flow of men & material Adequate space for maintenance work Scope for future expansion Adequate safety precautions, as & when needed

Healthy conductive layout of plant Proper lighting & ventilation Proper prvision for waste disposal Proper storage, stocking space etc.,

Product Design

Standardization Product specification Technical, Financial, Economic, Market Product design Technical specification Production Scheduling Proper inspection Product inspection Centralized & Decentralized location

Quality control in Small Scale industries

Indian standard specification (ISS) Quality marketing schemes Company standard incase of ancillary units Any other standard specification prescribed by the government

How much to order?


Q= 2cs/I
C= Annual usage of item in units (demand) S= Cost to place one order I=Annual carrying cost/unit.

Questions

Thank u..

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