Page 102 - Web_Application_v2.0_C12_Fb
P. 102

ENTREPRENEURIAL SKILLS-IV                                                      4














                             Learning Outcomes



                •  Entrepreneur and Entrepreneurship                •  Types of Entrepreneurs
                •  Functions of an Entrepreneur                     •  What Drives an Entrepreneur's Motivation?
                •  Identifying Possibilities and Taking Risks       •  Startups
                •  Barriers to Entrepreneurship                     •  Entrepreneurial Attitudes
                •  Entrepreneurial Competencies                     •  Entrepreneurial Competencies in Particular




              Entrepreneurs recognise an invention in order to capitalise on an opportunity, mobilise  money, raise
              capital, and take calculated risks in order to establish a market or start a new firm. The process of boosting
              entrepreneurial skills and expertise through systematic training and institution-building programmes is called
              entrepreneurship development. It focuses on a single person who aspires to establish or extend a business.
              Entrepreneurs with great potential need to be nourished and supported in order to act as role models as
              well as community mentors. An entrepreneurship development programme acts as a means of assisting
              budding entrepreneurs in recognising and designing one-of-a-kind distinctive business possibilities by an
              examination of local conditions and their own abilities.
              Training in entrepreneurship development should include support for:
              a.   Entrepreneurship orientation and awareness.
              b.    Development of competencies (knowledge, skills and attitudes) required to recognise a market opportunity
                  and organise resources to meet it and take corrective actions to achieve goals.

              c.    Improving  business  performance  is  essential  for  achieving  growth  and  maintaining  competitiveness.
                  Motivation plays a key role not only in enhancing aspiring entrepreneurs' drive for success but also in
                  developing  crucial  skills  such  as  coping  with  challenges,  tolerating  ambiguity,  and  influencing  others
                  effectively.
              The  National  Institute  for  Entrepreneurship  and  Small  Business  Development  is  a  flagship  organisation
              of  the  Government  of  India's  Ministry  of  Skill  Development  and Entrepreneurship  that provides  training,
              consulting and research to encourage entrepreneurship and skill development. The Institute's main activities
              include trainer training, management development programmes, entrepreneurship-cum-skill development
              programmes, and cluster intervention.






                100   Touchpad Web Applications (Ver. 2.0)-XII
   97   98   99   100   101   102   103   104   105   106   107