Entrepreneurship and entrepreneur notes available. Ms Sonam Kapil Lecturer MIT, MIET GROUP (UNIT 1 EDP Notes) Page 1 Ms Sonam Kapil Lecturer MIT, MIET . Absolutely FREE ♧♧♧ kipentoriber.ga EVOLUTION OF THE CONCEPT OF ENTREPRENEUR. The word 'entrepreneur' is derived from the French word entreprendre. It means 'to undertake'. Thus. Engineering Class handwritten notes, exam notes, previous year questions, PDF free download.

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Entrepreneurship Full notes. Uploaded Download as PPTX, PDF, TXT or read online from Scribd . ë EDP¶s are based on this belief that they can inculcate. We strive to update the contents of our website and tutorials as timely and as precisely as possible, however, the contents may contain inaccuracies or errors. Notes. 2. Unit - V. Women Entrepreneurship – Need – Growth of women could be followed up by a regular EDP of six weeks duration to.

Orientation — Intra-preneur is achievement oriented. Risk Appetite — Intra-preneurs are moderate risk takers since risk acceptance depends on their skills. Wild risk takers are not affordable to corporate. Most entrepreneurs start small and then nurture their units into large industries.

The SSI Sector provides an opportunity for them to hone their skills and talents, to experiment, to innovate and transform their ideas into goods and services needed by the society. They play an important role in employment creation, resource utilisation and income generation and helping to promote changes in a gradual and phased manner.

As a matter of fact, small scale sector has now emerged as a dynamic and vibrant sector for the Indian economy in recent years. It has attracted so much attention not only from industrial planners and economists but also from sociologists, administrators and politicians.

Industries can be classified into seven categories depending on their size; Initially they were classified into two categories- those using power with less than 50 employees and those not using power with the employee strength being more than 50 but less than However, the capital resources invested on plant and machinery buildings have been the primary criteria to differentiate the small-scale industries from the large and medium scale industries.

An industrial unit can be categorized as a small- scale unit if it fulfills the capital investment limit fixed by the Government of India for the small-scale sector.

The fixed investment of these units was Rs 2, These units gave employment to 55 persons and produced goods worth Rs 8. The fixed investment of these units was Rs These were set up with capital investment of Rs 2, lakhs. These units gave employment to 70 persons and produced goods worth Rs There were units in the district engaged in this industry. These units produce hosiery goods like knitted woolen products, woolen pullovers, nylon strips, surgical bandages, etc.

The fixed investment of these units was Set up with a fixed investment of Rs To create more employment opportunities with less investment. To remove economic backwardness of rural and less developed regions of the economy. To reduce regional imbalances. To mobilise and ensure optimum utilisation of unexploited resources of the country.

To improve standard of living of people. To ensure equitable distribution of income and wealth. To solve unemployment problem.

To attain self-reliance. To adopt latest technology aimed at producing better quality products at lower costs. Characteristics of small scale industries Small-scale industries have certain unique features, which distinguish it from the Large-scale sector.

Some of the salient characteristics of small-scale businesses are given below. Personal Character: In most small businesses the owners themselves are Managers and so they can operate independently. They can give customized Service to their clients, which in many cases is their USP. Since most small businesses are a one-man show they do not have to go through a hierarchy to get permissions to make changes.

Small business can respond quickly to environmental trends. Labour Intensive: Small businesses have tremendous capacity for Employment generation through their labour intensive techniques. Small businesses actually create more jobs than big businesses.

This feature of a small-scale unit is of great significance in a country like India where the number of unemployed people is more. Local Area of Operation: Small businesses are largely local in operation; however the market for its products may be local, regional or even international.

Short Gestation Period: The capital investment in the small sector is generally low and the time taken for production to commence is also less.

As a result of short gestation period the units give quick returns and consequently the pace of economic development quickens. No large number of formalities are required to start a SSI.

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The capital requirement is not much and is supplied by the owners but a large portion of capital is brought from banks and financial institution on term loan. Types of Small scale industries a. Resources based SSI b. Demand Based SSI c. Ancillary Based SSI d. Subsidiary SSI Sub control type e.

Linkage Based SSI f. Export oriented SSI g.

Technology Based SSI h. Preference Based SSI i. Policy Based SSI j. A large number of SSI are started because raw material are available in plenty, cheaply and easily.

Entrepreneurs get tempted to start SSI to take advantage of the raw material and other resources available. Resources like natural resources, mineral resources, marine resources, human resources, agricultural resources, forest resources, industrial waste resources etc.

A large number of such quantities of such material is lying scattered here and entrepreneurs collect these surplus resources and start industries based on that. Entrepreneurs are encouraged to start small scale industry to take advantage of the cheap locally available resources with the expectation of earning good profits.

Demand Based SSI Whenever there is a good demand of a product, many entrepreneurs get tempted to start manufacturing of such or similar products by establishing industry, so that they can easily establish themselves in the market and earn good profits. SSI can be started to meet the growing demand of a product or to Entrepreneurs do not come forward to start SSI because of the difficulties in selling the product but in demand based, it is advantageous for any entrepreneur as production is easier than marketing.

Industries which have been started with the aim of taking advantage of the demand are known as demand based SSI. They do not create demand but take advantage and when they see that there is a good demand of a product in comparison to supply; they make entry into the field. They need not to search downloaders for the product as they are easily accepted by the consumers. This type of situation does not continue for a long time but by the time such situation arises the entrepreneur might have established them firmly in the market and developed the capabilities to withstand the demand fluctuation.

It may not be possible for an organization to produce all of its required components, parts, accessories, tools etc.

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Making a reservation for train and airline seats are the best example for real-time processing. If the seats are reserved, then the reservation system updates the reservation file. The real-time processing is almost an immediate process to get the output of the information.

This method saves the maximum time for getting output. A communication link helps to connect the computer to the data input unit directly. The data input may include a network terminal or online input device. Online processing is mostly used for information research and recording.

It is possible in network servers and mainframes. In this process, a computer may consist of more than one independent CPU.

There is a possibility to made coordination in a multiprocessing system. In this process, the different processors share the same memory. The processor gets the information from a different part of one program or various programs.

Working with different processors at the same time is called multitasking. In this process, the various tasks share the same processing resource. The operating systems in the multitasking process are time-sharing systems.

The following are the types of function Peak detection Integration Quantitation It is a simple way to work with the computer. This method of the process can compete for each other.

In this method, the processing data can be divided as a group over a required time period. The batch processing method allows the computer to perform different priorities for an interaction. This method is very unique and useful to process. The customers get the better services from this process. In this process, the firms can distribute the use of geographical computers. The best example for this distributed processing method is ATMs.

ATMs are connected to the banking system. Elements of Electronic Data Processing Hardware, Software, procedure, personnel is the basic elements of electronic data processing. Organization and Structure The Controller General of Defence Accounts functions on behalf of the Financial Adviser Defence Services as the chief Authority in all matters affecting internal audit and accounting in respect of expenditure pertaining to the Defence Services and also functions as the Principal Accounting officer for the Canteen Stores Department.

Finance and Revenue Accounts of the Govt.


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A young lad busy, most probably Information technology audit - Wikipedia ; An information technology audit, or information systems audit, is an examination of the management controls within an Information technology IT infrastructure.

A list of references should be accompanied in each case of an audit. In addition, there has been a major expansion of the use of Notes to the Consolidated Annual Accounts … financial statements - marketscreener. Explain the Audit Procedures in an Electronic Data Organizations mainly audit the accounting department.

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Other areasIt is a cause of botheration for the government because ,it wants to reduce the dependence on other countries. Then the data will be the loss. Industrial Training facilities on one hand generate skilled manpower so vitally required for setting up enterprises while on the other hand they are also nursery for future entrepreneurs.

No large number of formalities are required to start a SSI.

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