Archives: March 2016

We Make Entrepreneurs at EDII

We Make Entrepreneurs at EDII

The EDII or Entrepreneurship Development Institute of India is a not-for-profit organisation which was established in 1983. It was set up with a specific vision in mind- to become an acknowledged national resource institute engaged in entrepreneurship education, research, training and institution building.

At EDII, the main aim is to turn out students who are competent, first generation entrepreneurs with creative genius and a strong moral and ethical code. It also aims at developing existing small and medium enterprises (SMEs) into thriving future corporations through value added management education, training, institution building and research.

PGDM-BE Programme

The PGDM-BE programme or Post Graduate Diploma in Management – Business Entrepreneurship is a full-time, residential management course with duration of two years. The EDII has been producing students specialised in entrepreneurship education for the past eighteen years.

Eligibility

To be eligible, graduates belonging to general category need to have scored at least 50 % marks in graduation and in case of reserved students, only 45% is required. The PGDM-BE programme has a regular intake of 120 students per batch.

Interaction and Networking

The best part of the course is that students get to interact with people from diverse fields and pursuing various passions. This helps in developing the outlook of the students and gives them a general overview of the prevailing scenario. Besides, EDII helps students connect with budding entrepreneurs from across the globe through international exchange programmes. Students also get to visit foreign universities which further helps to enhance their knowledge and also build vital contacts.

What makes this programme special?

• Association of Indian Universities (Certificate)
• Approved by AICTE (All India Council for Technical Education)- Certificate
• Awarded USASBE Outstanding Entrepreneurship Program Abroad Award 2014 (Category)
• Accredited by National Board of Accreditation (NBA)- Certificate

This post-graduate diploma in management- business entrepreneurship was specially designed for entrepreneurs and entrepreneurial managers to develop critical thinking, encourage their ambitions and business ventures, and provide students with an intellectually stimulating and invigorating management education.

EDII also helps students to get summer internships working with premier organisations in order to gain some practical experience in the field. Students interested in starting their own entrepreneurial venture can also avail of loans from financial institutions associated with the EDII.

Some of the well-known organisations which offered summer internships to EDII students:

1. NABARD
2. Hindustan Unilever Foundation
3. Internshala.com
4. Business Standard
5. Catalyst Constellations
6. Brand You
7. Light Microfinance
8. Adani Port and SEZ Ltd
9. Prakash Chemicals
10. Green Electrical Private Limited
11. Gokal Das Exports
12. Almamapper.com
13. Indusa Infotech
14. Unified Brainz Virtuoso Limited
15. NJ India Invest Ltd
16. ONGC
17. Uber Health
18. Macro World
19. Newcastle University Business School
20. Sahajanand Laser Technology

The PGDM-BE course primarily aims at developing students’ entrepreneurial skills in order to enable them to initiate, expand and diversify business enterprises. It also helps to create managers for corporate entrepreneurial ventures. It also helps those inheriting family businesses to develop the skills and gain the knowledge required for them to run these businesses successfully.

EDII Helps Family Businesses Thrive By Developing a Smarter Younger Generation

EDII Helps Family Businesses Thrive By Developing a Smarter Younger Generation

In today’s vastly competitive business world, small family run businesses are struggling to compete and survive. For such businesses to develop and grow, the younger generation needs to step up and take control of the reins. For a youth entrusted with the task of managing his family business, opting for a management diploma in Business Entrepreneurship is an appropriate and helpful choice.

The EDII or Entrepreneurship Development Institute of India offers one such PGDM-BE course which is specially designed to help future entrepreneurs. The EDII is a national resource organisation that was established in the year 1983 with the aim of providing entrepreneurship education, research, training and development studies.

PGDM-BE

The PGDM-BE (Post Graduate Diploma in Management- Business Entrepreneurship) is a full time residential course which takes a duration of two years to complete. It has been successfully preparing students for setting up their own entrepreneurial ventures for the past eighteen years. This course is designed to encourage lateral thinking and creative problem solving, to nurture entrepreneurial ambitions and to provide valuable practical learning experience.

PGDM-BE-Admissions-Open-EDII

Eligibility

To be considered eligible for this post-graduate programme, you need to have secured at least 50% in your graduation exams. If you belong to a reserved category, this is lowered to 40%. You also need to have valid XAT/CMAT/CAT/ATMA/MAT scores.

How can you be sure about the quality of this course?

The PGDM-BE at EDII has the following:

1) Approval from AICTE (All India Council for Technical Education)
2) Certificate from the Association of Indian Universities
3) The USASBE Outstanding Entrepreneurship Program Abroad Award 2014
4) Accreditation from the NBA (National Board of Accreditation)

EDII Entrepreneurship Process

At EDII, students go through a process which boosts their creativity, problem-solving capability and refines their entrepreneurial ideas. They are given a chance to develop their own business ideas and taught how to calculate feasibility of such ideas. Our students are taught by specialists in the field and learn how to create a business plan carefully and thoroughly.

EDII gives students a platform to make their ideas and future business plans heard and then helps them to get the required funding from various financial institutions associated with it.

The EDII Entrepreneurship Process includes the following:

• Confidence Building through Entrepreneurial Lab
• Idea Lab and Industry Interface
• Opportunity Identification and Selection
• Funding
• Mentoring and Guidance
• Business Plan: DPR/FYPP
• Enterprise Launching and Management
• Sustenance and Growth

EDII PGDM – BE course is the perfect launch pad for future entrepreneurs who want to make their family business succeed in a global business environment.

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EDII PGDM – DS Vs MHRM

Entrepreneurship Development Institute of India - PGDM-DS Vs MHRM

The Entrepreneurship Development Institute of India was set up in 1983 in Ahmedabad, Gujarat. It is a not-for-profit institute and currently offers various management programmes including the PGDM-DS to encourage entrepreneurship development and development studies in the country. This is course is way ahead of the MHRM (Masters in Human Resource Management) courses run by various universities as it equips students with the skills and techniques required to work in various development works.

PGDM-DS Programme

The PGDM- DS or Post Graduate Diploma in Management – Development Studies is one of the flagship programmes of the Entrepreneurship Development Institute of India (EDII). It is a multi-disciplinary programme that has been specially designed in order to provide conceptual and analytical skills along with the knowledge required for economic and social development. The main aim of this programme is to provide students with opportunities to develop entrepreneurial solutions to poverty and low level of livelihood, to think of new initiatives for corporate social responsibility and to help build up the economy through entrepreneurship.

Eligibility for This Programme

All graduate students with 50% and above in graduation and who have the required CAT/XAT/CMAT/MAT/ATMA scores are eligible to apply for this course.

PGDM DS Admissions Open - EDII

Careers and Options

Through this PGDM-DS programme, the EDII is trying to encourage students to specialise in diverse fields like micro finance, social entrepreneurship, fund raising, development research, micro enterprise development, gender studies, urban and rural livelihoods and corporate social responsibility.

The academic curriculum is intellectually invigorating and through its innovative methods of teaching, specialist faculty and unique training and development programmes, the EDII has been enabling students to venture into rewarding professions with various organisations. Some of them are playing a big role in Corporate Social Responsibility wings of multi-national corporations, United Nation organisations efforts involved in urban and rural development, grant making organisations and various Not-for-profit organisations.

Placements

EDII has an excellent placement record due to its contacts in the industry and students are given opportunities to work with top companies and have meaningful and intellectually stimulating careers. We have placed students in top national and international organisations like:

• Azim Premji Foundation
• HDFC Bank
• World Bank
• IDBI Ltd
• GLPC
• Aga Khan Rural Support Programme
• SEWA
• NRLM
• Chetna
• CII
• Selco
• Unnati
• FWWB
• Utthan
• AKRSP

Graduates from our PGDM-DS programme are in demand due to their specialized knowledge of development studies and how to create social initiatives that will help the urban and rural poor.

Why PGDM-DS is better than an MHRM programme?

PGDM – Development Studies is a programme which is classified under the category of social sciences. It is ranked amongst the most popular management programmes because many regions of the world require specialists in development studies. It focuses on training students to work in the political, social and economic sectors. Part of the curriculum of this programme is studying development policies that have shaped the society we live in. Once a student graduates from the PGDM-DS programme, he or she will have a unique awareness and understanding of the society as it is today.

An MHRM or Masters in Human Resource Management degree will only provide you with the skills to pursue a career in Human Resource management. It will not equip you with a valuable entry path into national and international development work. The PGDM-DS programme is a value added course which will provide you with technical knowledge, skills and hands-on field experience.

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SEMINAR On Entrepreneurial Opportunities in SWACHH BHARAT MISSION

SEMINAR-Entrepreneurial-Opportunities-in-SWACHH-BHARAT-MISSION-EDII-India

Date: 29th March, Tuesday. Time: 09:45am Onward

The Mission Swachh Bharat can lead to large number of new and innovative entrepreneurial opportunities for both existing and start-up entrepreneurs throughout the country. Launched on a war footing, the campaign is India’s biggest drive for sanitation and availability of potable water. These sectors are now set to be the catalyst to the next wave of entrepreneurship. Practicing the 5R principle of “reduce, reuse, recycle, recreate and recover” could spin off multiple benefits like job creation, resource use reduction, and health, hygiene and income enhancement by entrepreneurial activities.

In this regard, The Entrepreneurship Development Institute of India has organised half day seminar at EDI campus, Gandhinagar. The objective of the seminar is to sensitise the entrepreneurs and work out viable and cost effective business opportunities emerging from the Mission Swachh Bharat launched by the Govt. of India. Hence it is important to important to identify the type and quantity of wastes to build enterprises and transform them into wealth. The theme of the presentation and discussions in the seminar aims to focus on cost effective, appropriate and viable technologies and equipment to convert WASTE INTO WEALTH, and explore the data and information to identify the huge business opportunities in all industrial sectors and accordingly work out viable business plans.

The Topics for Deliberation on the following Themes:
• Government’s Scheme for entrepreneurs.
• Techno-commercial viability of processing waste to convert them into marketable products.
• Appropriate technology and equipment for wastes processing and their sources.
• Start-up Opportunities under Swachhta Udyami Yojana.
• Treatment of Solid Waste.
• New Innovations, innovative products and advancements in sanitation and hygiene.
• Alternates sources of fuel production

WHO SHOULD ATTEND

The seminar shall be beneficial to existing and new entrepreneurs searching innovative business opportunities, to policy and decision makers from the Industry and Government, NGOs, business consultants, academicians, business schools ED cells, students and all the stakeholders of society.

REGISTRATION

No participation fee. Kindly, submit your details here: http://goo.gl/forms/mYTdIAdP3F

The timings for the seminar will be as under:
Registration: 09.45 am to 10.00 am
Inauguration: 10.00 am to 10.15 am
Session I: 10.15 am to 11.30 am
Tea Break: 11.30 am to 11.45 am
Session II: 11.45 am to 01.00 pm
Summing Up: 01.00 pm to 01.15 pm
Business Lunch: 01.15 pm to 02.00 pm

CONTACT FOR FURTHER INFORMATION

Dr. Saji Kumar
Faculty (M: 9687129892)
E-mail: saji@ediindia.org
Entrepreneurship Development Institute of India (EDI)
Nr. Village Bhat, Via Ahmedabad Airport & Indira Bridge
P.O. Bhat 382 428, Dist.Gandhinagar
Tel: 079-23969153/58/59/61/63
www: ediindia.org

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The Growth of Family Owned Businesses – The Need of the Hour – EDI

The-Growth-of-Family-Owned-Businesses-The-Need-of-the-Hour-EDI

The best way that one can give back to their country is by starting businesses that would add to the country’s growing economy. Although having a family-owned business comes with all the same responsibilities and concerns that public companies have to deal with, the former case is seen as more desirable as you and your family are likely to have greater monopoly over the entire situation.

Family-Owned Businesses in India

Most family-owned businesses have their roots in the joint family system. In India, every family-owned business is always striving to improve their growth and bring about a certain amount of professionalism to the job. However, by keeping with the changes in technology and developing trends, family-owned businesses have witnessed a growth in the past year and are foreseeing a 50% increase in bullish growth.

A majority of families follow a line of succession that is based on age so while two-thirds of family businesses already have plans of succession in place, only 15% of them will actually help improve the business play. This is because apart from not being documented, the rest are not robust at all. The only good part is that a very large majority of family businesses in India, about 75 percent, have a well-established mechanism in place to deal with all kinds of conflict.

The Impact on the Economy

About 90% of Indian businesses are said to be family-owned. It has been found that the contribution of family owned businesses to the domestic economy has been far more than that of the public sector or even of multi-national companies. About 50% of the businesses that are listed on the National Stock Exchange indexes are family-owned.

Hence, the progress of the Indian economy is closely intertwined with that of family-owned businesses. With a little aid and assistance in improving their strategies, family-businesses will soon become major contributors of the country’s Gross Domestic Product.

Challenges Faced by Family-Owned Businesses

Family-owned businesses do face a few challenges when it comes to their growth structure. The most important is the stiff competition that arises when you decide to take your business to an international level. Apart from this, succession plans may also cause a significant amount of damage to your increasing growth structure as the new generation may not have the knack of tackling the various business-related issues.

So unless you start to professionalize your management strategy, diversify your leadership strategies so that your business can witness better growth, you will not be able to reach very far.

How Can EDI Help?

At EDI, we have a well-structured syllabus that deals with all aspects pertaining to entrepreneurship education and development. We provide opportunities for you to engage in collaborative research with well-known personalities that have made a name for themselves in their own spheres.

By brushing you through the various strategies for rural and urban entrepreneurship, you will certainly have an advantage when you choose to start a family-owned business. With an academic fraternity that will train you in the different trends that affect businesses, you will be exposed to the various limitations that you are likely to encounter while embarking on this venture and will also learn how best you can deal with them.

So join EDI and let us open up the world of business to you so that you emerge a success.

Reference URLs:
http://www.pwc.com/gx/en/services/family-business/strategy-growth.html
http://www.pwc.com/gx/en/services/family-business/family-business-survey/territory-insights.html
https://leeiwan.wordpress.com/2006/08/17/20-challenges-faced-by-a-family-owned-business/
http://www.livemint.com/Companies/noJbF1pcZlPDmlRyO4AhqI/Economy-highly-dependent-on-familyrun-businesses-destiny.html
http://www.fmblinks.org/article/family-managed-businesses-in-india-the-opportunities-and-the-challenges
http://quod.lib.umich.edu/m/mfr/4919087.0002.208/–family-businesses-as-economic-phenomenon?rgn=main;view=fulltexthttp://www.ediindia.org/

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India Needs More Entrepreneurs – EDI

India-Needs-More-Entrepreneurs-EDI

India has witnessed a recent boom in startups. It is due to the prevailing conditions of sufficient funding, latest technology and a market that is thirsting for something new that the arrival of startups in the business scene has come with a surprising force and it certainly seems like they are here to stay.

The Current Scene of Entrepreneurship in India

It was only after Independence that the business sector witnessed a major shift in its structure. Indian entrepreneurs were determined to pursue their entrepreneurial dreams and break the boundaries that they had been restrained by. The need for some kind of regional development, at that time, paved the path that would welcome startups into the business scene.

From a measly presence of just 3,100 back in 2014, the number of startups to grace India is expected to increase to about 11,500 by 2020. A constraining factor with India is that entrepreneurs are still looking to find investors for their various ventures. Once they are able to tap the capital markets for better growth prospects, India will certainly race ahead of other countries with regard to its GDP.

Fortunately, India currently has massive funding and access to technological resources making it one of the best moments for the development of the largest startup ecosystem. It is due to the favorable domestic markets and availability of resources, that an entrepreneur finds a conducive environment in India for his startup to emerge.

Education and Practical Exposure – Simple Path to Success

It certainly is no surprise that if you wish to succeed in the task of becoming an entrepreneur, you need both education and practical exposure to the outside world. While education can play a major role in influencing student’s attitudes and motivations toward entrepreneurship; by exposing yourself to the practical aspect of business, you will see its relevance in terms of economic welfare as well as in creating employment opportunities.

If You are a Budding Entrepreneur, This is How EDI Course will Help You Out…

Dedicated to entrepreneurship education and training, our Post Graduate Diploma in Management – Business Entrepreneurship will familiarize you with all the varied aspects of entrepreneurship. Since we are well aware that a pragmatic approach needs to be adopted when looking at the markets, we will provide you with all the necessary training and knowledge to do this so that you are able to discover the potential for entrepreneurship that lies within you. If you want to make a success of your business venture, training and research in entrepreneurship will certainly go a long way.

This course focuses on providing research and documentation so that you are exposed to the current market scene. With business research, you will also receive training in data analysis and understanding of the market. This way, through different strategies you will be able to gauge the intricacies of entrepreneurship before you venture onto this path. This full-time, two-year program will certainly leave you with a relevant and practical learning experience

So although startups are witnessing a booming growth in the current scheme, about 90 percent of them have not been able to succeed. However, given the increased growth that the presence of startups has brought to the Indian economy, the need for more startups is certainly present. So if you wish to guarantee success on your entrepreneurial journey, come join us and learn all you need to know about the world of entrepreneurs.

Reference URLs:
http://thenextweb.com/in/2015/07/05/india-the-worlds-fastest-growing-startup-ecosystem/#gref
http://www.bythestartups.com/the-story-of-indian-startups-from-the-pre-independence-era-to-the-present/
http://www.businesstoday.in/perspective/the-startup-scenario-in-india-is-very-attractive/story/8448.html
http://www.academia.edu/1238738/MOTIVATION_FOR_ENTREPRENEURSHIP_AMONG_STUDENTS
http://www.ediindia.org/

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Lecture Series 2016 – Social Entrepreneurship

Lecture Series 2016 - Social Entrepreneurship - EDI India

As part of our Lecture Series we had the opportunity to interact with some Prabhat Agarwal and Sandeep Sachdeva

We thank Mr Prabhat Agarwal and Mr Sandeep Sachdeva, for sharing the journey of their social entrepreneurship ventures, Janta Meals and Safe-in-India, with us. Your practical (and happy) explanation of unequal distribution of wealth and its impact on the world was persuasive and inspiring. The lecture cajoled, touched many hearts, alleviated some fears and led to a shift in perception about social ventures.

Their stories of Indian and International social ventures were highly instructive and messages contagious. Beginnings with identifying a problem that can be solved for the benefit of the society, creating a sustainable business model and working towards technical and non-technical solutions needed by the huge scale opportunity that India offers. Their practical examples debunked the myth that an organisation cannot make profits keeping social good in mind.

Clearly, everyone who wants to make a difference need not always be company founders. We need hundreds to manage such organizations, advocate for them, lead their technological innovations and get involved in all aspects of their business models.

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EDI – A Launch Pad for Startups

EDII-A-Launch-Pad-for-Startups

A boom in startups has hit the business sector recently compelling people to acknowledge that startups are truly a force to reckon with. Thanks to a favorable market condition and access to technology that aids its progress, it is largely being accepted that these startups are not just a passing trend but a major boost to the economy. And, EDI – The Entrepreneurship Development Institute of India in Ahmedabad is proud to be the nurturing ground for aspiring entrepreneurs who wish to carve their own success story in the business world.

Why is there a Need for Startups?

It is due to the emergence of startups and other small, fast-growing companies that the level of unemployment remain under check. Startups also help keep large businesses on their toes by exerting a certain amount of pressure on them and by fueling a spirit of tough competition.

Startups are always keeping with technological demands and thus are able to produce goods or services much faster and more efficiently than a normal company would. This helps in streamlining businesses and encourages a certain amount of competition in the markets so that everyone keeps working to better their services thereby providing customers with cheaper and more efficient services.

How Can Startups Contribute to the Society and Country?

Startups usually take in individuals who are multi-taskers. Thus by taking on thousands of freelancers and trained graduates, startups are making a very favorable dent in the unemployment rates of the country. Since startups are locally born, they usually make use of local resources, products, hire local employees and also engage themselves in local activities and events thereby injecting a lot of capital into the local economy.

Due to the increased innovation and economic growth that startups facilitate for the society or the economy at large, as they begin to expand, the need for startups is evident. Thankfully, transition in the business world is encouraging investors to put their money into these smaller companies.

Statistics show that a majority of startups do not last for more than 3 years, but every time they fail, some valuable knowledge is acquired from the process. However, since the goal is always to succeed, you need to get familiar with the various aspects of establishing a startup before you just go out there and do it. This is where EDI’s program can help you out.

Post Graduate Diploma in Management – Business Entrepreneurship

At Entrepreneurship Development Institute of India (EDI), we have a course that is designed to provide students with practical insights into the market world. With a staff of experienced teachers, this two year residential program will teach you about the different strategies and techniques that can be adopted to understand the market better. By encouraging you to think and analyze more critically, we will help nurture your entrepreneurial ambitions so that you can go begin your own startup.

The syllabus that we work with is designed to give you a relevant and practical learning experience when it comes to the world of business. By covering every aspect that will help you when you decide to launch a startup, there is nothing that you will be unprepared for. Apart from our PGDM- BE program we also have a range of other courses that can help increase your entrepreneurial knowledge.

So come to EDI and enjoy the opportunity to learn all there is to know about launching your own startup. By facilitating interactions between students and business icons, EDI is the perfect launch pad for you to go ahead and make your startup a success.

Reference URLs:
http://www.mbaskool.com/business-articles/entrepreneurship-and-startups/14092-indian-startups-boosting-economic-growth.html
http://www.kauffman.org/what-we-do/resources/entrepreneurship-policy-digest/the-importance-of-young-firms-for-economic-growth
http://www.deskmag.com/en/why-startups-are-good-for-the-economy-coworking-spaces-374
http://onstartups.com/tabid/3339/bid/24525/14-Reasons-Why-You-Need-To-Start-A-Startup.aspx
http://www.inc.com/news/articles/2009/02/startups.html
http://ediindia.ac.in/new/PGDM-BE.asp

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