Course on Entrepreneurship Development
EDP is a programme meant to develop entrepreneurial abilities among the people, In other words, providing a person interested in putting up an industry the knowhow of not only putting up but also that of running the business, and developing the entrepreneurial qualities and providing him with the necessary skills required to run a small scale business.
Besides, some of the other important objectives of the EDPs are to Let the entrepreneur he/she set or reset objectives for his / her enterprise and strive for their realization. Prepare him/her to accept the uncertainty in running a business.
An experiment popularly known as the Kakinada experiment was introduced. During this young persons were asked to undergo a three-month training programme.
The conclusion of the experiment was that the traditional beliefs did not come in the way of development conclusions of the experiment was that the traditional beliefs did not seem to inhibit an entrepreneur and that the suitable training can provide the necessary motivation to the entrepreneurs (McClelland & Winter 1969). The achievement motivation had a positive impact on the performance of entrepreneurs. The impact of India’s EDP movement was so popular that some African and Asian countries adopted it.
EDPs teach us not to succumb to external pressures or temporary failures; with proper motivation, we see good results of our endeavor. The results that are obvious in our countries context are heavy industrialization, self-employment economic growth, creating new jobs and proper social benefits.
The EDP provides motivation to the entrepreneur Motivation is important because there will be adverse and difficult times to face, there will be tough competition, and the unfriendly environment he will wade through this only if he has enough motivation.
There are 6 Cs which motivate an entrepreneur they are Change, Challenge, Creativity, Control, Curiosity, and Cash.