ENTREPRENEURSHIP DEVELOPMENT

Course objective
After the completion of this course, students will be able to understand the basic idea of entrepreneurship development and its importance for individuals, organizations and society as well as able to act in an entrepreneurial manner in a variety of contexts and situations with better understanding of the process of business creation, conceiving and planning the new venture.

1. Introduction to enterprise, entrepreneur and entrepreneurship development (3 hours)
1. Importance and evolution of enterprises
2. Evolution, theories and themes of entrepreneurship development.
3. Characteristics of entrepreneurs


2. Identification of viable business ventures (4 hours)
1. Creative thinking, idea generation
2. Evaluation and selection of business ideas
3. Development of a business case


3. Development of the business plan (5 hours)
1. Organizational, operational and human resource plans
2. Financing and marketing plans
3. Financial projections and project feasibility.
4. Establishment and operation of a business venture


4. Alternative routes to entrepreneurship (2 hours)
1. Franchising
2. Buying a business


5. Small and medium enterprises (SMEs) in Nepal (5 hours)
1. The importance of SMEs in Nepalese economy
2. The policy and legal framework
3. The institutional framework for support to SMEs


6. Other forms of entrepreneurship (3 hours)
1. Entrepreneurship: entrepreneurship in corporate contexts
2. Social entrepreneurs and social entrepreneurship


7. Issues in owning and operating family businesses (3 hours)
1. Importance of family-run businesses
2. Need for separation of ownership and management


8. Procedure and requirement of initial environment examination (IEE) and environment impact assessment (EIA) (2 hour)
9. Entrepreneurship competency development (3 hours)

Practical (40 hours)
Group project work, reporting and a business plan of a small and medium enterprises (SME) by a group of students (about 5-6)

1. Introduction: background, rationale, objective, hypothesis, scope & limitation, methodology, etc
2. Industry study: introduction, environment, competition, industry structure, future scenarios, etc
3. Market study: product description, pricing, distribution channel, promotion, demand-supply analysis, etc
4. Strategy formulation and implementation plan: organization and its vision, mission, objectives and strategies, marketing and financial strategies, etc.
5. Sales and financial projections
6. Project feasibility and conclusions
7. IEE, EIA and other policies and environmental guideline
8. Bibliography/references and annexes

(Each groups has to present their study findings in a seminar environment)
References:

1. Hisrish, R. D. and Peters, M. P., "Entrepreneurship", Tata McGraw Hill, New Delhi, Six Edition, 2002
2. Coulter, M., "Entrepreneurship in Action ,Prentice Hall of India, New Delhi, Second Edition, 2005
3. Maskey, B. K., "Small and Medium Enterprise Development in Nepal", Emerging Issues and Opportunities, Centre for Development and Governance, 2001
4. Agrawal, Dr. Govind, "Entrepreneurship Development in Nepal"
5. IUCN publication regarding EIA and IEE

Evaluation Scheme:
The Questions will cover all the chapters in the syllabus. The evaluation scheme will be as indicated in the table below: