Enterpreneurship Education

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UNIVERSITY OF PETROLEUM & ENERGY STUDIES
DEHRADUN

BUSINESS PROCESS RE-ENGINEERING
ASSIGNMENT ON
RE-ENGINEERING ENTERPRENEURSHIP EDUCATION IN INDIA

SUBMITTED BY SUBMITTED TO LOVENEET VIRK DR. NEERAJ ANAND MBA(LSCM)
SEM-3
ROLL NO- 24
TABLE OF CONTENTS
Particulars Page No. Concept of Entrepreneurship Education……………………………………………………..3 Contribution to National Economic Growth…………………………………………………4 Entrepreneurship Education in India ……………………………………………………..5-13 Support of entrepreneurship teaching……………………………………………………….6 Recent development for MSMP in India……………………………………………………7 Disseminators……………………………………………………………………………..8-9 Focus………………………………………………………………………………………10 Challenges in designing an EEP………………………………………………………….11-12 Factor in success of EEP…………………………………………………………………..13 Re-engineering Process……………………………………………………………………14 Recommendations…………………………………………………………………………15 Bibliography…………………………………………………………………………………..

Re-engineering Enterpreneurship Education In India

The Concept of Entrepreneurship Education
Entrepreneurship education is an educational programme that provides the students with the knowledge, skills and motivation needed to start up a small scale business. In other words, it promotes innovation or rather introduces new products or services and market strategies to the students to become outstanding entrepreneurs. Kenton and Ervin (2000) define entrepreneurship education as an educational discipline that prepares people, especially youth to be responsible, enterprising individuals who become entrepreneurs or entrepreneurial thinkers that contribute to economic development and sustainable communities. In other words, entrepreneurship education is a programme that provides discipline to an individual to assume the responsibility and the risk for a business operation with the expectation of making a profit. If this succeeds the entrepreneur reaps profits; and if it fails, he takes the loss. Hisrich (2002) in Kurya (2006) defines entrepreneurship as the process of creating something different with value by devoting the necessary time and efforts, assuring the accompanying financial, psychological and social risks, and receiving the resulting rewards of monetary and personal satisfaction. Another definition of entrepreneurship that is worthy of note is Miami University of Ohio (2003) quoted in Kurya (2006) which states that Entrepreneurship is a process of identifying, developing and brings a vision to life. The vision may be an innovative idea, an opportunity or simply a better way to do something. The end result of this process is the creation of a new venture, formed under conditions of risk and considerable uncertainty.

Also according to Kuryi (2006), entrepreneurship is a process through which individuals and groups pursue opportunity, leverage resources and initiative change to create value. Therefore, considering all the works cited, entrepreneurship education generally provides creative skills and knowledge needed to start and grow a business. In other words, it prepares individuals to create and successfully operate a business enterprise. Business education is a vocational education programme that provides skills and competence for business, office occupation and for self-reliance. In support of this definition, the National Board for Technical Education (1987) states that business education revolves around job skills, employability and self-dependency.

The Contributions of Entrepreneurship Education to National Economic Growth and Development. Entrepreneurship education, in combination with business education programme in Indian universities will contribute to the nation’s economic growth and development in the following ways:- 1....
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