Entrepreneurship and its role in economic developement.pptx

COURSEOBJECTIVES:
• Explaining the types, characteristics of entrepreneurship and its role in economic
development.

B.E. Mechanical Engineering Page 133 of 240
• Applying the theories of achievement motivation and the principles of entrepreneurship
development program to enterprise.
• Selecting the appropriate form of business ownership in setting up an enterprise.
• Applying the fundamental concepts of finance and accounting to enterprise.
• Identifying sickness in industry, selecting the appropriate corrective measures, and
identifying the growth strategies in enterprise.
UNIT I ENTREPRENEURSHIP 6
Entrepreneur – Characteristics – Types of Entrepreneurs – Difference between Entrepreneur and
Intrapreneur, Entrepreneurial Competencies – Role of Entrepreneurship in Economic
Development – Factors Affecting Entrepreneurial Growth.
UNIT II BUSINESS PLAN 6
Sources of business ideas and tests of feasibility: Significance of writing the business plan/
project proposal; Contents of business plan/ project proposal; Designing business processes,
location, layout, operation; Project Appraisal, preparation of project report.
UNIT III SMALL SCALE INDUSTRIES 6
Legal formalities in setting up of SSIs, Business Laws, Governmental Setup in promoting small
industries, Status of Small Scale Industrial Undertakings, Steps in starting a small industry,
Ownership Structures.
UNIT IV FINANCING AND ACCOUNTING 6
Finance: Need, Sources, Capital Structure, Term Loans – Accounting: Need, Objectives, Process,
Journal, Ledger, Trial Balance, Final Accounts – Working Capital Management:
UNIT V SUPPORT TO ENTREPRENEURS 6
Government Policy for Small Scale Enterprises – Institutional Support to Entrepreneurs: Need
and Support – Taxation Benefits to Small Scale Industry, Social Responsibility of Business.
TOTAL: 30 PERIODS

COURSE OUTCOMES:
At the end of the course, the students will be able to:
CO1: Explain the types, characteristics of entrepreneurship and its role in economic
development.
CO2: Apply the theories of achievement motivation and the principles of entrepreneurship
development program.
CO3: Select the appropriate form of business ownership in setting up an enterprise.
CO4: Apply the fundamental concepts of finance and accounting to enterprise.
CO5:
Identify sickness in industry, select the appropriate corrective measures, and identify
the growth strategies in enterprise.

1. E ntrepreneurship and its role

2. COURSEOBJECTIVES: • Explaining the types, characteristics of entrepreneurship and its role in economic development.

3. B.E. Mechanical Engineering Page 133 of 240 • Applying the theories of achievement motivation and the principles of entrepreneurship

4. development program to enterprise. • Selecting the appropriate form of business ownership in setting up an enterprise.

5. Applying the fundamental concepts of finance and accounting to enterprise. • Identifying sickness in industry, selecting the appropriate corrective measures, and identifying the growth strategies in enterprise.