Entrepreneurship Development Programmes | EDP Objectives

Entrepreneurship Development Programmes (EDP)

Need for EDP:
A well known behavioral scientists David McClelland at Harvard University made an interesting investigation into why certain societies displayed greed creative power? Is whether entrepreneurs are born or made?. He found that the ‘need for achievement’ was the answer to the question.

‘Motive people to work hard leads to achievement’. According to the scholars, Money making is incidental whereas the measurement of achievement is valid.’

Meaning:

As the term itself denotes, EDP is a programme meant to develop entrepreneurial abilities among the people. In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise. Thus, the concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise.

Experimental study (Kakinada)
He conducted a 5 year experimental study in one of the prosperous district of Andhra Pradesh in India in collaboration with small industry extension and training institute (SIET). His experiment is popularly called as ‘Kakinada Experiment’.
Under the experiment, young employees/persons are selected and put through a three month training program and motivated to see fresh goals. One of the signi cant conclusion of the experiment was that the traditional believes did not seem to inhibit. An entrepreneurs and that the suitable training can provide the necessary motivation to the entrepreneurs.

The achievement motivation had a positive impact on the performance of entrepreneurs. The Kak-inada experiment could be treated as ‘Precursor to the present day EDP’ inputs on behavioral aspects.

1971 – First massive program of ED embarked in India.

Role and relevance of entrepreneurship development programme
Role and relevance of entrepreneurship development programme

Entrepreneurship Development Programme Objectives :

1. Let the entrepreneur himself/herself set or reset objectives for his/her business and strive for the realization.
2. Prepare him/her to accept the uncertainty involved in running a business.
3. Enable him/her to take decision.
4. Enable to communicate clearly and effectively.
5. Develop a broad vision about the business.
6. Make him subscribe to industrial democracy
7. Develop passion for integrity and honesty
8. Make him learn compliance with law.
11. Develop and strengthen their entrepreneurial quality (i.e.,) motivation or need for the achievement.
12. Analyze environmental setup relating to small industry and small business.
13. Select product
14. Formulate project for the product.
15. Understand the process and procedure involved in setting up an small enterprise.
16. Know the sources of help and support available for starting a small scale industry.
17. Acquire the necessary managerial skills required to run a small enterprise.
18. To know the pros and cons in becoming an entrepreneur.
19. Appreciate the needed entrepreneurial disciplines.

Phases of EDP’s
An Entrepreneurship development program consists of the following three phases:

  1. Pre-training phase
  2. Training phase
  3. Post-training phase
Function Of Management : Planning , Organizing , Staffing , Directing
Qualities of Entrepreneur to Become Successful Businessman
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