O'Reilly logo

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Entrepreneurship Development and Small Business Enterprises, 2nd Edition

Book Description

The 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.

Table of Contents

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