Basic Aspects: Concept, nature of Entrepreneur & Entrepreneurship, Classification of
entrepreneurs, Distinction between Entrepreneur and Manager, Entrepreneurship and
Entrepreneurship, Theories of Entrepreneurship: Schumpeter, McLelland and Drucker, Medium,
Small and Tiny Business: Definition, Role in the economy and significance
Developing Entrepreneurial Plan : Environment assessment : political, legal, economic, social,
Technological, global environment, Developing effective business plan.
Entrepreneurial Venture Initiation: Assessment of business opportunities, Entrepreneurial
Motivation, Government initiatives and private sector opportunity. Growth and Development of
Entrepreneurial Venture: Strategic planning for emerging venture, Managing entrepreneurial
growth, Role of venture capital and their problems. Challenges in Entrepreneurship: Business
Succession and continuing from family Business perspective, Challenges in Entrepreneurship:
Succession policy, problems of innovation and change.
Setting up a Small Business Determination of the nature of the business unit : Micro, Small and
Medium enterprise, Comparative evaluation of feasibility of buying an existing enterprise ,
Setting up a Small Business Determination of the nature of the business unit : setting up a new
venture or starting the business through franchising, Location strategy, Preliminary Registration
with State Directorate of Industries. Assessment of different forms of business organizations: Sole
Proprietorship, Partnership, LLP, Joint Stock Companies, HUF.
Production Planning: Layout and Control, Types of manufacturing process, Selection of
manufacturing process, Purchase Management, Inventory Management. Productivity
Improvement Strategies: Integration and Diversification, Internal Expansion, Quality
Management, Recent trends Policy Environment for Small Scale Sector, Pre and Post 1991
Industrial Policy, New Policy Measures. Meaning, objectives and significance of Financial
Management, Project Appraisal Technique Payback Period, NPV, IRR, PI,