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Entrepreneurship Development

This document outlines the course content for the subject Entrepreneurship Development, which is part of the 4th semester of the Diploma in Mechanical Engineering program at Gujarat Technological University. The course covers topics such as entrepreneurship concepts and skills, facility planning, promoting small businesses, managing critical resources such as finances and human resources, project planning and management, risk management, and case studies of successful and failed entrepreneurs. The document provides detailed sub-sections for each topic.

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Mahesh Modi
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457 views3 pages

Entrepreneurship Development

This document outlines the course content for the subject Entrepreneurship Development, which is part of the 4th semester of the Diploma in Mechanical Engineering program at Gujarat Technological University. The course covers topics such as entrepreneurship concepts and skills, facility planning, promoting small businesses, managing critical resources such as finances and human resources, project planning and management, risk management, and case studies of successful and failed entrepreneurs. The document provides detailed sub-sections for each topic.

Uploaded by

Mahesh Modi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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GUJARAT TECHNOLOGICAL UNIVERSITY

Diploma in Mechanical Engineering


Semester: 4
Subject Name Entrepreneurship Development

Sr.
Course content
No.
1. ENTREPRENEURSHIP DEVELOPMENT — CONCEPT & SCOPE
1.1 Entrepreneurship development concept and need in context of changing
global environment; scope in local and global market.
1.2 Desirable qualities of entrepreneur; relativity importance; methods to
cultivate, its role and need for success.
1.3 Concept and importance of productivity, quality, cost consciousness and
customers satisfaction & need analysis.
1.4 Types of enterprise.

2. FACILITY PLANNING
2.1 Product (Physical and service both) selection :
Concept and importance, sources including national/international
publications.
2.1.1 creativity and product selection.
2.1.2 Competition-types and effect on product selection.
2.1.3 Product selection process; new idea mortality curve;
2.1.4 product development stages.
2.2 Process Selection :
2.2.1 Concept and importance; forms of transformation; transformation
cost; factors affecting process selection.
2.2.2 Technology life cycle
2.2.3 Producibility-concept & importance; flexibility.
2.3 Facility location :
2.3.1 Concept, steps in facility location, factors affecting selection of
location;
2.4 Facility layout and handling means :
2.4.1 Importance, objectives, types.
2.5 Capacity Planning :

2.5.1 Concept, need, importance, base, method to assess/estimate


capacity.
2.5.2 Flexibility in capacity planning-need.

3. SSI AND ITS PROMOTIONAL AGENCIES


3.1 SSI-definition, Government Policy—need and importance.
3.2 Anciliary-Need and importance.
3.3 Promotional Agencies—their role and types of promotions, various
agencies.
4. MANAGING CRITICAL RESOURCES
4.1 7.M resources; Managing finance : terminology in finance
management.
4.2 Concept of balance sheet and funds flow statement; managing working
capital—its importance.
4.3 Sources of finance—types advantages and disadvantages.
4.4 Cost control & importance , methods.
4.5 Managing human resource :

4.5.1 Organization structure-types and suitability; criteria for


recruitment and selection.
4.5.2 Need for training and motivation.
4.5.3 Delegation of authority and span of control.
4.6 Materials Management :
4.6.1 Need, MRP, purchasing decisions and procedures; work controls and
its importance.
4.6.2 JIT—Concept, importance and application.
4.7 Time Management :
4.7.1 Importance, Managing delivery schedule opportunity cost concept
and application
4.7.2 Information Systems : need, importance, Communication channels
and Media.

5. PROJECT PLANNING AND PROJECT REPORT


5.1 Meaning of project planning and report; feasibility study; steps in project
planning, project cost estimation; CVP relationship at different stages of
operation; project execution.
5.2 Preparing and submitting project report; interpret a project report

6. MANAGING ENTREPRISE
6.1 SWOT (strength, Weakness, opportunity and Threat) analysis—
Meaning and importance.
6.2 Strategies to set and achieve goals.
6.3 Formal and non-formal aids.
6.4 Benifits to an entreprise including financial; source—types of aids /
benefits.
6.5 Leadership importance.
6.6 Dealing with Government/non Government bodies.
6.7 Budgeting—need importance, Control and allocation.
6.8 Marketing channels—need and selection criteria.

7. RISK MANAGEMENT :
7.1 Introduction; Concept of risk, uncertainty and certainty .
7.2 Decision making under risk; Decision tree; Simulation; concept and
application of sensitivity analysis.
7.3 Decision making under uncertainty; Methods to deal with
uncertainty.

8. CASE STUDIES
8.1 Case studies of successful entrepreneur : important features;
reasons for success. Analyzing success criteria; (at least two).
8.2 Case studies of failed entrepreneur : importance analyses, failure
criteria; suggest steps which could have been followed to improve; (at
least two).

Reference Books:

1. Developing Entrepreneurship - Pareek & CO. Learning systems


Delhi.
2. Entrepreneurship & Venture - Clifford and Bombak, Joseph R.
Management Momanso.
3. Planning an Industrial unit - J. N. Vyas.
4. Small Industries management - Karmakar M.B.
5. Manual for the preparation of industrial - UNIDO feasibility studies
6. (a) Guidelnes for industries
Part - I - Policies & procedures Ministray
of industries Govt. of India.
(b) Part - II - Scope and prospectus
7. New project opportunities - GITCO
series - I, II and III.
8. Project profile for reserved - Development commissioner
SSI,Items - VOl, I, II & III New Delhi.
9. Small scale industry - Ministry of Industry Govt. of India
Policy & Perceptive
10. Dialogue with the Entrepreneur - GSFC
11. Import-Export Policy for SSI - Govt. of India.
12. Creativity - Pradeep Khandwal

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