31
M. Com. (Part II)
Business Management
Paper V
ENTREPRENEURSHIP
MANAGEMENT
, © UNIVERSITY OF MUMBAI
Dr. Sanjay Deshmukh
Vice Chancellor,
University of Mumbai
Dr. Ambuja Salgaonkar Dr. Dhaneswar Harichandan
Incharge Director, Incharge Study Material,
Institute of Distance and Institute of Distance and
Open Learning, Open Learning,
University of Mumbai. University of Mumbai.
Programme Co-ordinator : Ms. Madhura Kulkarni
Asst. Prof. - Cum Asst. Director,
University of Mumbai IDOL
Course Co-ordinator : Dr. R.R. Khan
& Course writer KPB Hinduja College,
Mumbai - 400 004.
Reprint November 2015
M. Com. (Part II) Business Management - Paper V
ENTREPRENEURSHIP MANAGEMENT
Published by : Incharge Director
Institute of Distance Education,
University of Mumbai,
Vidyanagari, Mumbai - 400 098.
DTP Composed : Ashwini Arts
ipin Enterprises Gurukripa Chawl, M.C. Chagla Marg, Bamanwada,
Vile Parle (E), Mumbai - 400 099.
Tantia Jogani Industrial Estate, Unit No. 2,
Pace Computronics
Ground
"Samridhi" Floor,
Paranjpe Sitaram
'B' Scheme, Mill(E),
Vile Parle Compound,
Mumbai - 57.
Printed by : J.R. Boricha Marg, Mumbai - 400 011
, CONTENTS
Unit No. Title Page No.
1 Entrepreneurship Management 01
2. Entrepreneurship Development 20
3. Basic Concepts 33
4. Successful Entrepreneurs 46
5. Business Planning 53
6. Entrepreneur and The Environment 64
7. Incentives and Assistances to Entrepreneur 82
8. Project Management 92
9. Estimating and Financing of Funds 108
10 Incentives and Assistance to Entrepreneur 128
11 District Industries Centre and EDP Programme 133
12. Training and Development 149
13. Problems and Difficulties of Entrepreneur 160
14. Women Entrepreneurs 174
15. Case Studies 181
, Revised Syllabus for M. Com. (Part II)
Business Management - Paper V - Entrepreneurship
Management
Objectives
1. To understand the concept of entrepreneurship development,
the theories of entrepreneurship and the relationship between
theory and practice.
2. To create awareness of the role of entrepreneurs in the growth
of Indian economy.
3. To comprehend the process of creating an entrepreneurial
venture.
4. To develop analytical skills for evaluating new venture ideas
and understanding both the opportunities and constraints faced
by entrepreneurs.
5. To critically view the role of financial institutions, government
bodies in promoting entrepreneurship in India.
6. To develop an entrepreneurial spirit and have feasible ideas for
ventures.
Learning Outcomes
On completion of the syllabus, the student will :
1. Understand the issues involved in entrepreneurship
development.
2. Able to evaluate opportunities for a new venture.
3. Demonstrate the ability to prepare a business plan for a
venture.
4. Get insights into their creative, entrepreneurial and team skills.
5. To equip them with a platform to develop an entrepreneurial
venture.
Teaching Learning Plan
------------------------------------------------------------------------------------------
A. Entrepreneurship Development Perspective (20)
1. Introduction, importance and significance, Entrepreneurial
Development - world perspective.
2. Concept of entrepreneurship development, Evolution and growth
- stages. Theories entrepreneurship.
3. Concept of Entrepreneur. Intrapreneur, Entrepreneurship and
Manager. Difference between Entrepreneur and Intrapreneur,
Entrepreneur and Entrepreneurship.
4. Attributes and Characteristics of successful entrepreneur.
Developing entrepreneurial culture. Qualities of a successful
entrepreneur.
5. Role of Entrepreneur in Indian Economy (developing economy
with reference to self-employment) development.
6. Successful Entrepreneurs case studies: Dhirubhai Ambani,
Aditya Birla - background, growth as an entrepreneur. Case
study on entrepreneurial development in India.
M. Com. (Part II)
Business Management
Paper V
ENTREPRENEURSHIP
MANAGEMENT
, © UNIVERSITY OF MUMBAI
Dr. Sanjay Deshmukh
Vice Chancellor,
University of Mumbai
Dr. Ambuja Salgaonkar Dr. Dhaneswar Harichandan
Incharge Director, Incharge Study Material,
Institute of Distance and Institute of Distance and
Open Learning, Open Learning,
University of Mumbai. University of Mumbai.
Programme Co-ordinator : Ms. Madhura Kulkarni
Asst. Prof. - Cum Asst. Director,
University of Mumbai IDOL
Course Co-ordinator : Dr. R.R. Khan
& Course writer KPB Hinduja College,
Mumbai - 400 004.
Reprint November 2015
M. Com. (Part II) Business Management - Paper V
ENTREPRENEURSHIP MANAGEMENT
Published by : Incharge Director
Institute of Distance Education,
University of Mumbai,
Vidyanagari, Mumbai - 400 098.
DTP Composed : Ashwini Arts
ipin Enterprises Gurukripa Chawl, M.C. Chagla Marg, Bamanwada,
Vile Parle (E), Mumbai - 400 099.
Tantia Jogani Industrial Estate, Unit No. 2,
Pace Computronics
Ground
"Samridhi" Floor,
Paranjpe Sitaram
'B' Scheme, Mill(E),
Vile Parle Compound,
Mumbai - 57.
Printed by : J.R. Boricha Marg, Mumbai - 400 011
, CONTENTS
Unit No. Title Page No.
1 Entrepreneurship Management 01
2. Entrepreneurship Development 20
3. Basic Concepts 33
4. Successful Entrepreneurs 46
5. Business Planning 53
6. Entrepreneur and The Environment 64
7. Incentives and Assistances to Entrepreneur 82
8. Project Management 92
9. Estimating and Financing of Funds 108
10 Incentives and Assistance to Entrepreneur 128
11 District Industries Centre and EDP Programme 133
12. Training and Development 149
13. Problems and Difficulties of Entrepreneur 160
14. Women Entrepreneurs 174
15. Case Studies 181
, Revised Syllabus for M. Com. (Part II)
Business Management - Paper V - Entrepreneurship
Management
Objectives
1. To understand the concept of entrepreneurship development,
the theories of entrepreneurship and the relationship between
theory and practice.
2. To create awareness of the role of entrepreneurs in the growth
of Indian economy.
3. To comprehend the process of creating an entrepreneurial
venture.
4. To develop analytical skills for evaluating new venture ideas
and understanding both the opportunities and constraints faced
by entrepreneurs.
5. To critically view the role of financial institutions, government
bodies in promoting entrepreneurship in India.
6. To develop an entrepreneurial spirit and have feasible ideas for
ventures.
Learning Outcomes
On completion of the syllabus, the student will :
1. Understand the issues involved in entrepreneurship
development.
2. Able to evaluate opportunities for a new venture.
3. Demonstrate the ability to prepare a business plan for a
venture.
4. Get insights into their creative, entrepreneurial and team skills.
5. To equip them with a platform to develop an entrepreneurial
venture.
Teaching Learning Plan
------------------------------------------------------------------------------------------
A. Entrepreneurship Development Perspective (20)
1. Introduction, importance and significance, Entrepreneurial
Development - world perspective.
2. Concept of entrepreneurship development, Evolution and growth
- stages. Theories entrepreneurship.
3. Concept of Entrepreneur. Intrapreneur, Entrepreneurship and
Manager. Difference between Entrepreneur and Intrapreneur,
Entrepreneur and Entrepreneurship.
4. Attributes and Characteristics of successful entrepreneur.
Developing entrepreneurial culture. Qualities of a successful
entrepreneur.
5. Role of Entrepreneur in Indian Economy (developing economy
with reference to self-employment) development.
6. Successful Entrepreneurs case studies: Dhirubhai Ambani,
Aditya Birla - background, growth as an entrepreneur. Case
study on entrepreneurial development in India.
