PM&E Unit 1 Part 2 Long Answers

Que1.7. development? Answer The Factors Affecting Entrepreneurial Development are profitable factors 1 2. Non- profitable factors 3 Cerebral factors 4. Governmental conduct. 1. profitable Factors What are the colorful factors affecting entrepreneurial 2 i. i. Capital The vacuity of the capital helps the entrepreneur to bring together colorful coffers like land, machine and raw material to combine them and produce goods. therefore, capital is known as lubricant to process of product. ii. Labour The quality and professed labour is another factor which affects entrepreneurial development. iii. Raw Accoutrements Before establishing any artificial exertion, the vacuity of raw material is the primary need. thus it affecta entrepreneurial development. iv. request It’s necessary to find the ideal target request for your idea service or product if you have stopgap of opening an enterprise. Non- profitable Factors Social Mobility It involves the degree of mobility in both social and geographical aspects. And the nature of mobility channel within the system of enterprise. ii. Marginality individualities or groups on the peripheries of given social system give the ideas to assume the entrepreneurial places. iii. Security Ifan entrepreneur is fearful of losing means or being subordinated to colorful negative warrants, their conduct come less entrepreneurially. 3. Cerebral Factors 1. Need Achievement Characteristics which indicates high need of achievement is the major determinant of entrepreneurship development. ii. pullout of Status Respect There may be some kind of events that lead an entrepreneur to the loss of status. 4. Governmental conduct The government conduct, and the failure of the governmental acts, impact the both profitable and non- profitable factors for entrepreneurship. Que1.9. Answer 1. 1 1 2 Authority/ power provocation( n- pow) 3 11. 2. L 11. 3. L 11. bandy McClelland’s achievement provocation proposition? McClelland’s Achievement Motivational Theory David McClelland is most noted for describing three types of motivational need, which he linked in his 1961 book. The Achieving Society Achievement provocation( n- ach) Affiliation provocation( n- affil) These requirements are set up to varying degrees in all workers, and this blend of motivational requirements characterizes a person’s style and geste
, both terms of being motivated and in the operation and motivating others. The Need for Achievement( n- ach) The n- ach person is’ achievement motivated and thus seeks. achievement, attainment of realistic but grueling pretensions. There’s a strong need for feedback as to achievement and progress and a need for a sense of accomplishment. The Need for Authority and Power( n- pow) The n- pow person is authority motivated’. This produces a need to be influential, effective and to make an impact. There’s a strong need to lead and for their ideas to prevail. There’s also provocation and need towards adding particular status. and prestige. The Need for Affiliation( n- affil) The n- affil person is’ cooperation motivated’, and has a need for friendly. connections and is motivated towards commerce with other people. The cooperation motorist produces provocation and needs to be liked and held. in popular regard. Que1.14. Classify different type of entrepreneurs. Answer On the Base of Economic Development Innovating Entrepreneurs Entrepreneurs falling in this class are generally aggressive in trial and in putting seductive possibilities into practice. 1. i. ii. Consanguineous or Imitative Entrepreneur The imitative entrepreneurs copy or borrow suitable inventions made by the innovative entrepreneurs. Fabian Entrepreneur They love to remain in the being business with the age-old fashion of product. iii. iv. Drone Entrepreneur Drone entrepreneurs are those who refuse to borrow and use openings to make changes in product. On the Base of Type of Business 2 i. ii. iii. Business Entrepreneurs They’re the entrepreneurs who conceive an idea for a new product or service and also produce a business to convert their idea into reality.V. Trading Entrepreneur These entrepreneurs take over trading conditioning and aren’t concerned with the manufacturing work. Industrial Entrepreneur These entrepreneurs are basically manufacturer who identifies the requirements of guests and creates products or services to serve them. iv. Commercial Entrepreneur These entrepreneurs used their innovative skill in organizing and managing a commercial undertaking. Agricultural Entrepreneur Agricultural entrepreneurs are those who take over agrarian conditioning as through robotization, irrigation and operation of technologies to produce the crop. 3. According to the Use of Technology i. Specialized Entrepreneurs These entrepreneurs may enter business to commercially exploit their inventions and discoveries. ii. Non-specialized Entrepreneur They’re concerned only with developing indispensable marketing and promotional strategies for their product or service. iii. Professional Entrepreneur Entrepreneur who’s interested in establishing a business but doesn’t have interest in managing it after establishment. 4. According to provocation i. Pure Entrepreneur A pure entrepreneur is the one who’s motivated by cerebral provident, ethical considerations. ii. Induced Entrepreneur This type of entrepreneur is one who65 convinced to take up an entrepreneurial task due to the policy reforms of the government. iii. Motivated Entrepreneur They come into being because of the possibility of making and selling some new products for the use of consumers. Que1.15. What are entrepreneurial development programmes? Mention its objects. Answer 15 Entrepreneurial Development Programmes( EDPs) 1. Entrepreneurship Development Programme( EDP) is a program which helps in developing entrepreneurial capacities among individualities. 2 In other words, it refers to development and polishing of entrepreneurial chops into a person demanded to establish an enterprise. 3. EDP is an effective way to develop entrepreneurs which can help in accelerating the pace of socio- profitable development, balanced indigenous growth, and exploitation of locally available coffers. 4. In recent times, EDP has come a professional task which considerably encourages the development of funded and private businesses. Following are the main objects of EDPs 1. To make people having good understanding with law. 2. To develop and strengthen entrepreneurial quality, i.e., provocation or need for achievement. 5. 6. 3. To develop small and medium scale enterprises in order to induce employment and widen the compass of artificial power. To industrialize pastoral and backward sections of the society. To understand the graces and faults of getting an entrepreneur. To probe the environmental set- up relating to small diligence and small businesses. 7. To design design for manufacturing a product and creating services. 2 Compelling Reasons 1 Severance Dissatisfaction with job. Make use of idle finances 11 III. iv. 3. i Success stories of entrepreneurs former association with job Property heritage Influence of others. 11. IV. Que1.9. Answer 1. 1 1 2 Authority/ power provocation( n- pow) 3 11. 2. L Make use of professional chops Easing Factors 11. 3. L 11. bandy McClelland’s achievement provocation proposition? McClelland’s Achievement Motivational Theory David McClelland is most noted for describing three types of motivational need, which he linked in his 1961 book. The Achieving Society Achievement provocation( n- ach) Affiliation provocation( n- affil) These requirements are set up to varying degrees in all workers, and this blend of motivational requirements characterizes a person’s style and geste
, both terms of being motivated and in the operation and motivating others. The Need for Achievement( n- ach) The n- ach person is’ achievement motivated and thus seeks. achievement, attainment of realistic but grueling pretensions. There’s a strong need for feedback as to achievement and progress and a need for a sense of accomplishment. The Need for Authority and Power( n- pow) The n- pow person is authority motivated’. This produces a need to be influential, effective and to make an impact. There’s a strong need to lead and for their ideas to prevail. There’s also provocation and need towards adding particular status. and prestige. The Need for Affiliation( n- affil) The n- affil person is’ cooperation motivated’, and has a need for friendly. connections and is motivated towards commerce with other people. The cooperation motorist produces provocation and needs to be liked and held. in popular regard. Que1.16. What are the different phases of EDPs? ii iii iv. V vi Answer EDPs correspond of three phases, which are given below Pre- Training Phase This step is introductory phase in which the entrepreneurship development programmes are launched. colorful conditioning are performed in this phase are described below i 2. 11 Identification of suitable position where the operations can be initiated, like a megacity. Selection of a course fellow or design leader to coordinate the EDP conditioning. vii Conducting artificial motivational juggernauts to increase the number of operations. Organisation of introductory infrastructural installations related to the programme. Conducting the environmental scanning or artificial check in order to look for better business openings. Developing colorful plans associated with the programme. Looking for the backing of colorful entrepreneurial agencies similar as DIC, SISI, NSIC, SIDO, etc. Training Phase The main function of any EDP is to conduct training to unborn entrepreneurs and guiding them for establishing the enterprise. The normal duration of the entrepreneurship development programme is 4- 6 weeks and it’s generally a full time course. 1. Review the pre- training work ui The objects, training inputs and the centre of focus are explained in the programme. anne. 3 Post- Training Phase This phase is also appertained as the phase of follow- up backing. In this phase, the campaigners who have completed their programme successfully are handed post- training backing and other conditioning which includes, Review the process of training programme 11 ii. Review history training approach Que1.17. Name and explain some institutions which give fiscal and training support to entrepreneurs.

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