13887nam a22002177a 45000030004000000050017000040080041000210200022000620280049000840400024001330820017001571000029001742450064002032500009002672600059002763000008003355041286600343520042413209650001513633650002113648OSt20181101123503.0181101b ||||| |||| 00| 0 eng d a978-81-317-6226-4 bAllied Informatics, Jaipurc5555d29/10/2018 aBSDUbEnglishcBSDU a658.022bCHA aCharantimath, Poornima M aEntrepreneurship Development and Small Business Enterprises b2nd  aNoidabPearson India Education Services Pvt. Ltdc2019 a396 aTable of Contents: PART 1: ENTREPRENEURIAL PERSPECTIVES 1 Entrepreneurship Introduction Evolution of the Concept of Entrepreneurship Richard Cantillon Adam Smith Jean-Baptiste Say Francis Walker Joseph Schumpeter Entrepreneurship Today Who Is an Entrepreneur? How Do I Become an Entrepreneur? Advantages of Being an Entrepreneur Types of Entrepreneurs Intrapreneurship Difference Between a Manager and an Entrepreneur Entrepreneurial Competencies Capacity Building for Entrepreneurs Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 2 Entrepreneurial Development and Training Introduction Entrepreneurial Environment Global Entrepreneurship Environment Business Climate in India Environmental Factors Affecting Entrepreneurial Growth Creating a Favourable Environment for Entrepreneurship Models of Entrepreneurial Development Psychological Models Sociological Models Integrated Models Entrepreneurial Motivation Need for Achievement (nAch) Thematic Apperception Test (TAT) Entrepreneurship Motivation Training (EMT) Entrepreneurship Training Methods Lecture Method Participative Methods The Process of Entrepreneurial Development Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 3 Women Entrepreneurs Introduction Women’s Entrepreneurship in Asia Women’s Entrepreneurship in India Challenges Faced by Women Entrepreneurs Microsphere Mesosphere Macrosphere Strategies for the Development of Women Entrepreneurs Encouraging Home-based Businesses Widespread Business Education Better Financial Assistance Wider Access to Technology Group Entrepreneurship/Grassroots Entrepreneurship Through Self-help Groups Institutions Supporting Women Entrepreneurs in India Consortium of Women Entrepreneurs of India (CWEI) Federation of Indian Women Entrepreneurs (FIWE) FICCI Ladies Organization (FLO) Women’s India Trust (WIT) Association of Women Entrepreneurs of Karnataka (AWAKE) Special Bank Schemes Promoting Women’s Entrepreneurship Cent Kalyani of Central Bank of India Credit Scheme National Bank for Agriculture and Rural Development (NABARD) Small Industries Development Bank of India Women Entrepreneurs from Around the World Mary Kay Ash Jenna Jameson Anita Roddick Oprah Winfrey Madame C. J. Walker Coco Chanel Debbi Fields Estée Lauder Arianna Huffington Women Entrepreneurs in India Kiran Mazumdar-Shaw Ritu Kumar Women’s Empowerment Through Entrepreneurship The Gender and Development Approach Shri Mahila Griha Udyog Lijjat Papad (SMGULP) Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 4 Family Business Introduction Role and Importance of the Family Business Contributions of Family Businesses in India Stages of Development of a Family Business Characteristics of a Family-owned Business in India Various Types of Family Businesses Roles, Responsibilities, and Rights of Family Members in a Family Business Founder Owners (Shareholders) Directors (Board of Directors) Family Members The Three-circle Model of Family Business Challenges Faced by Family-owned Businesses Succession in Family Business Improving the Performance of a Family Business Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 5 Micro, Small, and Medium Enterprises Introduction Role and Importance of Micro, Small, and Medium Enterprises Concepts and Definitions of MSME The MSMED Act, 2006 Government Policy Initiatives Since 1948 Report of the Task Force on MSME Growth and Development of MSME in India Current Schemes for MSME Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) Technology Upgradation Schemes Marketing Assistance Scheme Certification Scheme Credit Rating Scheme The Fourth All-India Census of MSME Problems Facing the MSME Sector Role of Clusters in Promoting MSME Summary Key Terms Case Study Discussion Questions Activity Project Endnotes PART 2: NEW VENTURE CREATION 6 Identification of Business Opportunities Introduction What Defines a Good Business Opportunity? When Is an Idea an Opportunity? How to Generate Business Ideas What Leads to the Creation of Opportunities How to Identify a Business Opportunity Mobility of Entrepreneurs Geographical Mobility of Entrepreneurs Occupational Mobility Business Opportunities in India Models for Opportunity Evaluation The RAMP Model Mullins’s Seven-domain Framework Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 7 Project Management and Financing Introduction Project Manager Project Life Cycle Project Scheduling Gantt Charts Network Techniques Project Management Software Microsoft Project InstaPlan Yojana PRISM Project Manager PRIMAVERA Capital Budgeting Generating an Investment Project Proposal Project Analysis Market Analysis Technical Analysis Financial Analysis Economic Analysis Ecological Analysis Project Evaluation and Selection The Payback Period Accounting Rate of Return (ARR) Net Present Value (NPV) Internal Rate of Return (IRR) Benefit–Cost Ratio (BCR) Project Financing Equity Financing Angel Investing Debt Financing Miscellaneous Sources Project Implementation Phase Capital Structure and Cost of Capital Detailed Project Report Summary Key Terms Case Study Discussion Questions Activity Project Endnotes Annexure 8 Business Plans Introduction Purpose of a Business Plan Contents of a Business Plan Cover Page and Table of Contents Executive Summary Business Concept Business Strategy Management Summary Marketing Plan Operations Plan Financial Plan Appendix Presenting a Business Plan Oral and Visual Presentation Why Do Some Business Plans Fail? Procedure for Setting Up an Enterprise Selection of a Project Decide on the Constitution Obtain Registration Obtain Clearances from Departments as Applicable Arrange for Land/Shed Arrange for Plant and Machinery Arrange for Infrastructure Prepare Project Report Apply for and Obtain Finance Implement the Project and Obtain Final Clearances Summary Key Terms Case Study Discussion Questions Activity Project Endnotes Annexure Business Plan I: Micro, Small, and Medium Enterprises (MSME) Clinic Business Plan II: Fragrance House 9 Institutions Supporting Business Enterprises Introduction Central-level Institutions National Board for Micro, Small, and Medium Enterprises (NBMSME) The Khadi and Village Industries Commission (KVIC) The Coir Board MSME–DO National Small Industries Corporation (NSIC) National Science and Technology Entrepreneurship Development Board (NSTEDB) National Productivity Council (NPC) Entrepreneurship Development Institute of India (EDI) National Research Development Corporation of India (NRDCI) National Entrepreneurship Development Institutes State-level Institutions State Directorate of Industries and Commerce District Industries Centres (DIC) State Financial Corporation (SFC) State Industrial Development Corporation (SIDC) State Industrial Area Development Board (SIADB) Other Institutions National Bank for Agriculture and Rural Development (NABARD) Housing and Urban Development Corporation (HUDCO) Technical Consultancy Organization (TCO) Small Industries Development Bank of India (SIDBI) Export Promotion Councils (EPCs) Industry Associations Non-Governmental Organizations (NGOs) Business Incubators Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 10 Business Organizations and Business Laws Introduction Sole Proprietorship Joint Hindu Family Business Partnership Limited Liability Partnership (LLP) Joint Stock Company Corporate Governance Cooperative Society Franchising Business Laws The Indian Contract Act, 1872 The Sale of Goods Act, 1930 The Indian Partnership Act, 1932 The Limited Liability Partnership Act, 2008 The Indian Companies Act, 1956 The Negotiable Instruments Act, 1881 The Information Technology Act, 2000 Intellectual Property Rights The Patents Act, 1970 The Copyright Act, 1957 The Trade Marks Act, 1999 The New Designs Act, 2000 The Consumer Protection Act, 1986 The Right to Information Act, 2005 The Competition Act, 2002 The Foreign Exchange Management Act (FEMA), 1999 Summary Key Terms Case Study Discussion Questions Activity Project Endnotes PART 3: MANAGEMENT OF ENTERPRISES 11 Preventing Sickness in Enterprises Introduction Specific Management Problems Management Deficiency Finance Manufacturing and Technical Problems Product Planning Selection of Equipment, Plant, and Machinery Human Resource Development Technical Know-how Preparation of Project Report Industrial Sickness Definition of Sickness Definition of Sick Enterprises—Micro and Small Enterprises Sick Industrial Companies Act, 1985 National Company Law Tribunal (NCLT) National Company Law Appellate Tribunal (NCLAT) Industrial Sickness in India Sickness in Micro, Small, and Medium Enterprises Causes of Industrial Sickness Symptoms of Industrial Sickness Prediction of Sickness Process of Industrial Sickness Normal or Healthy Tending Towards Sickness Incipient Sickness Complete Sickness Rehabilitation of Sick Units Technical Appraisal Commercial Appraisal Management Appraisal Financial Appraisal Turnaround Strategy Winding Up of a Company Exit Strategy Initial Public Offering Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 12 Financial Management in Enterprises Introduction Functions of Financial Management Accounting and Bookkeeping Process of Accounting Types of Accounting Generally Accepted Accounting Principles Types of Books of Accounts Financial Statements Balance Sheet Profit and Loss Account Cash Flow Statements Working Capital Management Calculation of Working Capital Cycle Ratio Analysis for Working Capital Management Sources of Working Capital Break-even Analysis Financial Ratio Analysis Liquidity Ratios Activity/Turnover Ratios Debt/Solvency Ratios Profitability Ratios Capital Market Ratios DuPont Analysis Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 13 Operations and Human Resource Management in Enterprises Introduction Operations Management Operations Strategy Demand Forecasting Forecasting Models Technology Management Production Management Production Planning and Control (PPC) Work Content and Capacity Determination Supply Chain Management Materials Management Inventory Management Inventory Costs Inventory Control Techniques Benefits of Inventory Control Productivity Total Quality Management Prerequisites for TQM Benefits of TQM Quality Management System (QMS) Maintenance Occupational Health and Safety Advisory Services Benefits of OHSAS 18001 Registration National Safety Council of India (NSCI) Environmental Management System Benefits of Environmental Management System Human Resource Management HRM Policy Functions of HRM Industrial Relations Employee Engagement Labour Laws Indian Factories Act, 1948 Payment of Wages Act, 1936 Minimum Wages Act, 1948 Payment of Bonus Act, 1965 Industrial Employment Act, 1946 Industrial Disputes Act, 1947 (82 and 84) Trade Unions Act, 1926 Child Labour Act, 1986 The Equal Remuneration Act, 1976 Sexual Harassment of Women at Their Workplace (Prevention) Act, 2003 Laws Relating to Environment and Pollution Control Social Security Laws Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 Payment of Gratuity Act, 1972 Maternity Benefit Act, 1961 Miscellaneous Legislation Summary Key Terms Case Study Discussion Questions Activity Project Endnotes 14 Managing Marketing and Growth in Enterprises Introduction India’s Growing Services Sector Common Marketing Problems Faced by Enterprises Differences Between Product and Services Marketing Intangible Nature of the Service Product Trust Aligned with the Product Product Positioning More Contacts Between Customers and Service Personnel Customer Involvement in Production Interactions Among Marketing, Operations, and Human Resources Problems in Controlling Product Quality and Consistency Absence of Inventories Importance of the Time Factor Structure of Distribution Channels Essential Marketing Mix of Services Marketing People Process Physical Evidence Key Success Factors in Services Marketing Marketing Process Market Research Marketing Planning Marketing Mix Implementation and Control Costing and Pricing Cost Ladder Branding New Techniques of Marketing Internet Marketing Direct Marketing Niche Marketing Ambush Marketing Green Marketing Social Marketing Relationship Marketing Viral Marketing Rural Marketing Global Marketing International Trade Tariff Barriers to Trade Non-tariff Barriers to Trade Facilitators International Marketing Environment Export Procedure and Documentation Organizational Life Cycle Growth Strategies Organic Growth Inorganic Growth Essence of Business Ethics and Corporate Social Responsibility Corporate Social Responsibility Social Responsibility Strategies of Enterprises Summary Key Terms Case Study Discussion Questions Activity Project Endnotes aThe revised and updated second edition of Entrepreneurship Development and Small Business Enterprises discusses how entrepreneurs can successfully manage their ventures in a highly dynamic and challenging environment. This book prepares students for life outside the classroom through case studies drawn from diverse sectors, profiles of successful entrepreneurs, and projects which promote analysis and decision-making aManagement aEntrepreneurship