Entrepreneurship Development 2e

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ISBN 9789393665287

Publication Date Tue Mar 01 00:00:00 UTC 2022

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Table of contents

Biographical note

User Reviews

The second edition of this best-selling book retains the winning flavour of its earlier additions, while adding, revising, restructuring and changing content in order to cater to the requirements of students across Universities in India.

Cover
Half
Title
Copyright
Contents
Preface
Chapter 1 Introduction to Entrepreneurship and Entrepreneur
- Concept and Meaning
- Definitions
- Importance and Benefits of Entrepreneurship
- Role of Entrepreneurship in Economic Development
- Entrepreneurial Mobility
- Intrapreneur
- Differences between Entrepreneur and Manager
- Causes for Slow / Poor Growth of Entrepreneurship in India
- Stages in Entrepreneurship
- Myths Surrounding Entrepreneurship
- Review Questions
Chapter 2 Factors Influencing Entrepreneurship
- Introduction
- Economic Factors
- Social Factors
- Psychological Factors
- Personality Factors
- Technological Factors
- Educational Factors
- Political Environment
- Cultural Factors
- Entrepreneurial Ecosystem
- Challenges and Barriers to Entrepreneurs
- Entrepreneurial Motivation
- Characteristics of Motivation
- Process of Motivation
- Motivational Factors
- Theories of Motivation Relevant to Entrepreneurship
- Entrepreneurial Stress
- Review Questions
Chapter 3 Characteristics and Competencies of Entrepreneur
- General Characteristics of an Entrepreneur
- Entrepreneurial Skills
- Functions of an Entrepreneur
- Advantages and Constraints of being an Entrepreneur
- Review Questions
Chapter 4 Classification of Entrepreneurs
- Classification / Type of Entrepreneurs
- Classification according to Functional Characteristics
- Classification according to Type of Business
- Technology-based Entrepreneurship
- Classification in Terms of Motivation
- Classification based on Developmental Stage
- Classification according to Area of Operation
- Classification according to Ownership
- Classification according to Growth
- Classification according to Behaviour
- Classification according to Chosen Path
- Review Questions
Chapter 5 Evolution of Entrepreneurship in the Indian Scenario
- Key Contributors to Entrepreneurship in Early Stages
- Entrepreneurial Scenario in the 18th Century
- Entrepreneurial Scenario in the Nineteenth and Twentieth Century
- Evolution of Entrepreneurship in India
- Impact of Economic Liberalisation on Indian Entrepreneurial Scenario
- Impact of Revolution in Information Technology Sector
- Current Status Quo of Entrepreneurship in India
- Socio-Economic Profile of Entrepreneurship in India
- Review Questions
Chapter 6 Business Idea Generation
- Introduction
- Searching for Business Ideas or Opportunities
- Sources of Business Ideas
- Approach to Ideation
- Review Questions
Chapter 7 Opportunity Analysis / Project Formulation
- Meaning of ‘Opportunity’
- Characteristics / Attributes of ‘Opportunity’
- Identification and Analysis of Business Opportunities
- Kinds of Business Opportunities
- Opportunities at Global Level
- Sources of Opportunities
- Steps in Selection of New Business Opportunities
- Review Questions
Chapter 8 Project Feasibility Analysis
- Project Feasibillity Appraisal: An Overview
- Assessment of Project Feasibility
- Types or Methods of Project Feasibility
- Differences between Pre-Feasibility Study and Feasibility Study
- Feasibility Study
- Planning Commission Guidelines regarding Feasibility Study
- Review Questions
Chapter 9 Marketing Feasibility
- Introduction
- Elements of Market Feasibility
- Facts of Market Feasibility
- Market Research or Market Survey
- Product Life Cycle and Marketing Strategies
- New Product Development
- Other Market Feasibility Studies
- Market Study
- Review Questions
Chapter 10 Financial and Economic Feasibility
- Financial Feasibility
- Financial Planning
- Capitalization
- Factors Influencing Pattern of Capital Structure
- Source of Funds
- Bank Finance
- Forms of Loans and Advances
- Venture Capital Finance
- Estimation of Cost of Production and Marketing Cost
- Break-Even Analysis
- Assessment of Fixed and Working Capital Requirements
- Review Questions
Chapter 11 Technical, Legal and Locational Feasibilities
- Technical Feasibility
- Locational Feasibility
- Plant Layout
- Capacity Planning
- Legal Feasibility
- Review Questions
Chapter 12 Managerial Feasibility/Forms of Ownership
- Introduction
- Factors Influencing Choice of Appropriate Type of Organization
- Review Questions
Chapter 13 Project Appraisal
- Introduction
- ‘Project’ – Meaning
- Project Appraisal Techniques
- Appraisal of Capital Budget
- Risk and Uncertainty
- Modern Techniques
- Network Planning
- Review Questions
Chapter 14 Business Plan and Project Report
- Meaning
- Characteristics of Business Plan
- Objectives of Business Plan
- Stakeholders of Business Plan
- Kinds of Business Plan
- Steps Involved in Preparing a Business Plan
- Lapses in Designing Business Plan
- Guidelines in Preparing Business Plan
- Significance of Business Plan
- Benefits of Business Plan
- Preparing Business Plan
- Project Report
- Review Questions
Chapter 15 Entrepreneurial Development Programme and Growth
- Meaning
- Indian Entrepreneurial Development Model
- Objectives of EDP
- Contents of ED Programme
- Phases of EDP
- Types of EDPs
- Problems Faced in Implementing EDP
- Role of Government in EDPs
- Evaluation of EDP
- Review Questions
Chapter 16 Governmental & Non-Governmental Agencies Promoting Entrepreneurship
- Role of Government and Non-Government Agency in Promotion of EDP
- Institutions Promoting EDP
- The Entrepreneurship Development Institute of India (EDII)
- Review Questions
Chapter 17 Institutional Finance and Entrepreneurship
- Structure of Development
- Industrial Development Bank of India (IDBI)
- Industrial Credit and Investment Corporation of India (ICICI)
- Industrial Finance Corporation of India (IFCI)
- Small Industries Development Bank of India (SIDBI)
- State Financial Corporation (SFC)
- Industrial Investment Bank of India (IIBI)
- Indian Investment Centre (IIC)
- Tamil Nadu Industrial Investment Corporation (TIIC)
- Commercial Banks
- Financial Schemes of Commercial Banks
- Life Insurance Corporation of India (LIC)
- Unit Trust of India (UTI)
- Review Questions
Chapter 18 Microfinance
- Features of Microfinance
- Meaning of Microfinance
- Why Don’t Banks Serve Poor People?
- High Costs and Interest Rates
- Profitability and Sustainability of MFIs
- Differences between Microfinance and Micro-Credit
- Microfinance Institutions
- Customers of Micro-Credit Institution
- Prominent MFIs in India
- The Process of Lending by MFI
- Microfinance and Insurance
- Microfinance and Women Empowerment
- Microfinance and Poverty Eradication
- Impact of Microfinance
- Challenges of Microfinance
- Recent Developments in India
- Models of Microfinance
- Criticism against Microfinance Mechanism
- Objectives of MF
- Benefits of MFI
- Government’s Role in Supporting Microfinance
- Self Help Groups (SHGs)
- Objectives of Self Help Groups
- Features of Self Help Groups
- Functions of Self Help Groups
- Formation of Self Help Groups
- Growth Phase of a SHG
- Grading
- SHGs – An International Initiative
- Self Help Groups in India: A Review
- Self Help Groups in Tamil Nadu – A Bird’s Eye View
- Prime Minister Jan-Dhan Yojana (PMJDY)
- Pillars of PMJDY Pillar I / 2014-2015
- Account Opening
- Review Questions
Chapter 19 Incentives and Subsidies
- Need for Incentives
- Incentives Offered by State and Central Government to SSI
- Subsidies to SSIs
- Special Capital Subsidy Schemes
- MSMEs
- Leather Industry
- Policy Support to SSI Sector
- The Proposal (1992-97)
- Manufacturing Policy
- Government Schemes and Incentives for Promotion of Entrepreneurship
- Subsidies for Exporters in India
- Review Questions
Chapter 20 Industrial Sickness
- Introduction
- Growth Strategies
- Types of Strategies
- Internal Strategies
- Problems of Small Entrepreneurs
- Review Questions
Chapter 21 Small Scale Industries and Small Entrepreneurs
- Definition of Small Business in India
- Different Definitions of SSI
- Characteristics of Small-Scale Industries
- Scope and Types of SSIs
- Objectives of SSIs
- Problems of Small-Scale Industries
- Registration of SSI
- Documents Required for Registration at Appropriate Authority
- Steps to be taken for Starting SSI
- Promoter’s Margin or Seed Capital
- Review Questions
Chapter 22 Women Entrepreneurs
- Socio-Economic Status of Indian Women and Government Initiative
- Impact of Liberalisation and Globalisation on Women
- Concept of Woman Entrepreneurs
- Emerging Ecosystem for Women Entrepreneurship
- Problems of Women Entrepreneurs
- Pre-Requisites of Women Entrepreneurship
- Solutions to Problems Faced by Women Entrepreneurs
- Development of Women Entrepreneurs
- Associations Promoting Women Entrepreneurs
- Schemes of IDBI
- Policy Measures by Government of India for Promoting Women Entrepreneurs
- Review Questions
Chapter 23 Rural Entrepreneurship
- Need for Rural Entrepreneurship
- Problems in Rural Entrepreneurship
- Benefits of Rural Entrepreneurship
- Development of Rural Entrepreneurs
- Types of Rural Entrepreneurs
- Rural Entrepreneurship Programmes
- Review Questions
Chapter 24 Family Business
- Meaning of Family Business
- Family Business in India: A Historical Perspective
- Types of Family Business
- Advantages of Family Business
- Drawbacks of Family Business
- Challenges before Family Business
- Business Succession Planning
- Suggestions to make Family Business Effective
- Family Constitution
- Review Questions
Chapter 25 Social Entrepreneurship
- Types of Social Enterprises
- Characteristics of Social Entrepreneurs
- Pre-Requisites of Social Enterprises
- Benefits of Social Enterprises
- Distinction between Social Enterprises and Socially Responsible Enterprises
- Sociopreneurship
- Review Questions
Chapter 26 Strategic Approaches in Entrepreneurship
- Strategies
- Difference between Mass Market and Niche Market
- Acquisition
- Dealership
- Review Questions
Chapter 27 Franchising and Networking
- Modes of Franchising
- Development of Franchising System
- Advantages of Franchising
- Drawbacks
- Evaluation of Franchise System
- Networking
- Sources of Networking
- Popular Networking Forums for Entrepreneur
- Industry Associations
- Special Interest Groups
- Community Forums
- Process of Networking
- Approaches to Entrepreneurial Network
- Good Networking Practices
- Review Questions
Chapter 28 Entrepreneurial Education and Research
- Structure of EDP Programme
- Current Trends in Entrepreneurial Education
- Review Questions
Glossary
Index

Dr. K. Sundar is Professor, Department of Commerce, Annamalai University. He has over 25 years of UG and PG teaching experience. A prolific author, he has contributed over 100 articles in national and international journals. He has authored books on Business Communication, Principles of Management, Human Resource Management, Organisation Behaviour, Business Ethics, Business Management and Auditing.

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