Entrepreneurship and Management of Small and Medium Enterprises (60 lectures required to complete the subject) is introduced in TYBMS at St. Xavier’s College to expose BMS students to the entrepreneurial cultural and industrial growth so as to prepare them to set up and manage their own small units.
Concept, meaning and definition of entrepreneur and entrepreneurship:
- Evolution of Entrepreneurship, Corporate entrepreneurship
- Importance and significance of growth of entrepreneurial activity
- Concept of intrapreneur
- Characteristics and qualities of entrepreneurs
- Classification and types of entrepreneurs
- Women entrepreneurs
- Theories of entrepreneurship
- Contribution of Mc Clelland and Joseph Schumpeter.
Factors influencing entrepreneurial development and motivation:
- Role of culture in entrepreneurial development
- Entrepreneurial development programme (EDP), Managing the problems faced by entrepreneurs
- Development of women entrepreneurs – with reference to SHGs
- Options available to entrepreneurs – ancillarisation, franchising, outsourcing. Cases on takeover, mergers and acquisitions in India and at global level
- Social entrepreneurship – Definition, importance and social responsibilities – NGOs
Entrepreneurial Project Development:
- Idea generation – sources and methods
- Identification and classification of ideas
- Environmental Scanning and SWOT analysis
- Preparation of project plan – Points to be considered
- Components of an ideal business plan – market plan, financial plan, operational plan, and HR plan.
- Project formulation – project report significance and contents
- Project appraisal – aspects and methods – Economic oriented appraisal, financial appraisal, market oriented appraisal
- Technological feasibility
- Managerial competency.
Small and Medium Enterprises:
- Meaning and definition, Evolution
- Role and importance
- Policies governing SMEs
- Organizational structure
- Steps in setting up a small unit
- SME Funding: requirements of capital – fixed and working
- Factors determining capital requirements
- Importance of fixed and working capital
- Working capital management
- Sources of finance for SMEs
- Taxation Benefits
- SIDBI and SISI – their role in the development of SMEs
- Marketing mechanism in SMEs
- Export potential of SMEs
- Problems of SMEs and prospects
- Turnaround strategies for SMEs.
Continuous Internal Assessment:
- Mid-semester test
- Project work – presentation.
The list of reference books of Entrepreneurship and SMEs is as follows:
- Small scale industries and entrepreneurship – Dr. Vasant Desai
- Management of small scale industries – Dr. Vasant Desai
- Management of small scale industries – J.C. Saboo, Megha Biyani
- Dynamics of entrepreneurial development and management – Dr. Vasant Desai
- Corporate Entrepreneurship – Paul Burns
- The Oxford Handbook of Entrepreneurship
- Entrepreneurship in the New Millenium – Kutatko Hodgetts
- Beyond Entrepreneurship – Collins ipand Lazier W
- Entrepreneurship – Hisrich Peters Shephard.