Entrepreneurship Development and entrepreneurial ethics
- 1. “Entrepreneurship opportunities and Entrepreneurial ethics” 1 Dr. Mangesh M. Bhople
- 2. A Sectors for business startups B Skills required with changing paradigm of business C Government Schemes and application process D Writing Business Project Report “Entrepreneurship opportunities and Entrepreneurial ethics” Contents 2 E Business and professional Ethics
- 3. A Sectors for business startups B Skills required with changing paradigm of business C Government Schemes and application process D Writing Business Project Report “Entrepreneurship opportunities and Entrepreneurial ethics” 3 E Business and professional Ethics Sectors for business startups
- 4. Sectors for business startups in India 1. AGRICULTURE AND ALLIED INDUSTRIES 2. AUTOMOBILES 3. AUTO COMPONENTS 4. AVIATION 5. BANKING 6. CEMENT 7. CONSUMER DURABLES 8. ECOMMERCE 9. EDUCATION AND TRAINING 10. ENGINEERING AND CAPITAL GOODS 11. FINANCIAL SERVICES 12. FMCG 13. GEMS AND JEWELLERY 14. HEALTHCARE 15. INFRASTRUCTURE 16. INSURANCE 17. IT & ITES 18. MANUFACTURING 19. MEDIA AND ENTERTAINMENT 20. METALS AND MINING 21. OIL AND GAS 22. PHARMACEUTICALS 23. PORTS 24. POWER 25. RAILWAYS 26. REAL ESTATE 27. RENEWABLE ENERGY 28. RETAIL 29. ROADS 30. SCIENCE AND TECHNOLOGY 31. SERVICES 32. STEEL 33. TELECOMMUNICATIONS 34. TEXTILES 35. TOURISM AND HOSPITALITY 4
- 5. 25 Successful Indian Startups 1. Instamojo Full-stack platform for 1+ million MSMEs 2. ixigo.com India's Mobile Travel Marketplace 3. Unacademy India's largest free learning platform 4. Nykaa.com India's premier online destination for beauty & wellness 5. Shuttl Tech-enabled bus aggregating platform with a vision to solve the daily commute problems 6. Haptik One of the world's largest conversational AI platforms 7. Locus.sh Intelligent Logistics 8. Swiggy Food Delivery 2.0 for India 9. EazyDiner Online Restaurant Reservations 10. Craftsvilla.com Largest Online Ethnic Store with Strong funding 11. Fynd Fresh Fashion, Straight From Brand Stores 12. Smallcase Changing how India invests 13. DocTalk (YC W17) Revolutionizing patient care while making doctors' lives better 14. Skylark Drones Our mission is to unlock the economic potential of the skies 15. Postman Postman is the collaboration platform for API development 16. Testbook Exam Preparation Simplified 17. Nanonets Machine Learning as a Service for Developers 18. LogiNext Welcome To The World Of Organized Logistics and Field Service Management 19. Kisan Network Y-Combinator and Thiel Foundation Backed Online Platform for Indian Agriculture 20. Niki Niki is your local agent that helps you access services online 21. HyperTrack Build applications that track the movement of your business 22. The Moms Co. Digital-first FMCG company on a mission to help Moms make Safe, Natural, Effective choices 23. MobiKwik Digital Credit for the Masses of India 24. Junglee Games The Fastest Growing Skill Games Company. 25. Vernacular.ai Solving the language problem for a billion Indians 5
- 6. Sector wise contribution in GDP in India Service Sector 53% IndustrialSector 31% Agricultural Sector 16% Percenatge Services - Trade – online and offline, Hoteling and restaurants, Transportation, Storage, Communication, Finance, Insurance , Real Estate, Business services, Community and Social Services, Business consultancy services 6
- 8. Covid-19 Impact On the Indian Startup Ecosystem • The impact from the pandemic to the global economy is estimated to be $2 Tn • 31% of Indian startups chose layoffs as a means to reduce costs in this crisis • The aggregate expenditure of Indian startups on employee benefits totaled $1.25 Bn in FY 2019 8
- 9. A B Skills required with changing paradigm of business C D Entrepreneurship Skills •Inner Discipline •Ability to Take Risk •Innovative Attitude •Change-Orientated approach •Determination Technical Skills •Operations Specific to Industry •Communications •Design •Research and Development •Environmental Observation Management Skills •Planning •Decision-Making •Motivating •Marketing •Finance •Trust Building 9 “Entrepreneurship opportunities and Entrepreneurial ethics” Personal Maturity Skills •Self-awareness, •Accountability, •Emotional skills, •Creative skills
- 10. A B C Government Schemes and application process D 10 E “Entrepreneurship opportunities and Entrepreneurial ethics” 1. MSME government business loan scheme 2. MUDRA business loan - Sishu Loans up to Rs.50,000 - Kishor Loans up to Rs.5,00,000 - Tarun Loans up to Rs.10,00,000 3. Credit guarantee fund government business loan scheme upto 10 lacks by MSME 4. National Small Industries Corporation Subsidy 5. Government Schemes Ministry of External Affairs Ministry of Finance Ministry of Broadcast Ministry of Railway Ministry of Education 4. https://www.startupindia.gov.in/content/si h/en/government-schemes.html
- 11. Government Schemes 1. Prime Minister Employment Generation Programme(PMEGP) 2. Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE) 3.Interest Subsidy Eligibility Certificate (ISEC) 4.Science and Technology Scheme2.2.Market Promotion & Development Scheme (MPDA) 5. Revamped Scheme Of Fund for Regeneration Of Traditional Industries (SFURTI) 6. Coir Vikas Yojana (CVY) 7. Coir Industry Technology Upgradation Scheme (CITUS) 8. Science and Technology (S&T) for Coir 9. Skill Upgradation & Mahila Coir Yojana (MCY) 10. Export Market Promotion (EMP) 11. Domestic Market Promotion Scheme (DMP) 12. Trade and Industry Related Functional Support Services (TIRFSS) 13. Welfare Measures (Pradhan Mantri Suraksha Bima Yojana (PMSBY) 14.Financial Support to MSMEs in ZED Certification Scheme 15. A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE) 16. National Manufacturing Competitiveness Programme (NMCP) 17. Credit Linked Capital Subsidy for Technology Upgradation 18. Marketing Support/Assistance to MSMEs (Bar Code) 19. Lean Manufacturing Competitiveness for MSMEs 20. Design Clinic for Design Expertise to MSMEs 21. Technology and Quality Upgradation Support to MSMEs 22. Entrepreneurial and Managerial Development of SMEs through Incubators 23.Enabling Manufacturing Sector to be Competitive through QMS&QTT 24. Building Awareness on Intellectual Property Rights (IPR) 25. Marketing Promotion Schemes 26. International Cooperation 27. Marketing Assistance Scheme 28. Procurement and Marketing Support Scheme (P&MS) Link for registering the MSME: https://www.msmeudyogadhar.com/home.php?gclid=EAIaIQob ChMI0ami2uip6QIVWHZgCh0LdwDuEAAYAiAAEgJWm_D_B wE 11
- 12. Other Government Agencies’ Schemes 12 1. NABARAD https://www.nabard.org/content1.aspx?id=23&catid=23&mid=530 2. Ministry of Food Processing of India Following schemes have been launched under PM Kisan SAMPADA Yojana : a. Mega Food Parks b. Integrated Cold Chain and Value Addition Infrastructure c. Creation/ Expansion of Food Processing/ Preservation Capacities (Unit Scheme) d. Infrastructure for Agro-processing Clusters e. Creation of Backward and Forward Linkages f. Food Safety and Quality Assurance Infrastructure g. Human Resources and Institutions h. Operation Greens 3. Schemes by different state governments 4. Incubation Centers run by Colleges and Universities
- 13. A B C D 13 E Writing Business Project Report “Entrepreneurship opportunities and Entrepreneurial ethics”
- 14. Business Plan Outline: Overview 14 1. Executive Summary 2. Situational Analysis 1. Facts, Figures, Govt. Policies, Macro Trends 2. Market definition, the market size, segmentation, industry structure and strategic grouping, the competition and the market share, the competitor’s strength and weaknesses and the market trends 3. Key Factors affecting business (Economic, Environmental, Demographic, Strategic, Technological) 3. Consumer Analysis 1. Demographics, buyer motivation, expectations 2. SWOT Analysis for the market 3. Identifying the gap in the market – new business opportunities 4. Our Offerings 5. Who We Are 1. Operations Today (about existing business) 2. Structure and Operations 3. SWOT Analysis 4. Facts and Figures – What, Why, How, When 5. USP 6. Marketing Mix (4 Ps) 7. STP 8. Financials 9. Key Challenges – operational, marketing, and competition 6. Who We Can Be – Tomorrow (Marketing Plan) 1. Objectives (by customer segment, by marketing actions, by market share, by product, customer segment, by geography) 7. How We Will Get There (Phase-wise Action Plan) 1. Commercial Strategy 2. Marketing Strategy 3. New Marketing Mix 4. Communication Strategy 5. Structural Changes 6. People Changes 7. Engagements and Associations 8. Financials 8. References, Annexures, Appendix (Related Reading), Assumptions, etc.
- 15. A B C D 15 E “Entrepreneurship opportunities and Entrepreneurial ethics” Business and professional Ethics
- 16. Business and professional Ethics: • Business ethics refer to implementing appropriate business policies and practices. • Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities. • The law usually sets the tone for business ethics, providing a basic guidelines that businesses can choose to follow to gain public approval. 16 “Entrepreneurship opportunities and Entrepreneurial ethics”
- 17. • Business ethics are meant to ensure: 1. A certain level of trust between consumers and corporations, 2. Guaranteeing the public fair and equal treatment. 3. A balance between the needs of the stakeholders and their desire to make profits. 17 “Entrepreneurship opportunities and Entrepreneurial ethics”
- 18. Ethical Principles in Businesses: • Integrity / righteousness • Loyalty / Trust (to make an independent decision by avoiding any kind of influence or the conflicts of interest.) • Honesty (avoidance of the partial truths, overstatements, misrepresentations) • Respect and Concern (employee’s dignity, privacy, autonomy, and rights) • Fairness in actions 18 “Entrepreneurship opportunities and Entrepreneurial ethics”
- 19. Carroll's pyramid of CSR (1979) 19 “Entrepreneurship opportunities and Entrepreneurial ethics”
- 20. Thank You and best wishes !!! 20
Editor's Notes
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