Course Content
Entrepreneurship Development Theories
Entrepreneurship Development Theories
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💡 Famous Sayings about Entrepreneurship & Innovation
📘 Psychoanalytical Theory | 📅 1900s | 👤 Sigmund Freud
📘 Theory of Religious Beliefs | 📅 1905 | 👤 Max Weber
📘 Theory of Profit | 📅 1921 | 👤 Frank H. Knight
📘 Theory of Opportunities and Innovation | 📅 1934 | 👤 Peter F. Drucker
📘 Clarence Danhof’s Classification of Entrepreneurs | 📅 1949 | 👤 Clarence Danhof’s
📘 Theory of Charge | 📅 1958 | 👤 Frank W. Young
📘 Theory of Entrepreneurship | 📅 1962 | 👤 Everett E. Hagen
📘 Diffusion of Innovation Theory | 📅 1962 | 👤 Everett Rogers
📘 Innovation Adoption Process Model | 📅 1962 | 👤 Everett M. Rogers
📘 Theory of Entrepreneurial Supply | 📅 1965 | 👤 Thomas Cochran/ John H Kunkel
Entrepreneurship Development
Entrepreneurship Development: Concept, Types, Theories, and Process, Developing Entrepreneurial Competencies
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🏢 Famous Entrepreneurs and Famous Companies
👤 Entrepreneur Profile
🚀 Entrepreneurial Motivation
📝 Enterprise Registration Process in India
🏢 Institutions for Entrepreneurship Development
🏛️ Government Institutions for Entrepreneurship Development
🏛️ Centre for Research in Entrepreneurship Education and Development (CREED)
🧩 The Skill-Will Matrix
🌍 Global Entrepreneurship Index (GEI)
🌍 Social Enterprise
Intrapreneurship
Intrapreneurship: Concept and Process
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💡 Intrapreneurship Theory: Types of Intrapreneurship
🚀 Key enablers of Intrapreneurship
⚖️ Entrepreneur Vs Intrapreneur
Women Entrepreneurship and Rural Entrepreneurship
Women Entrepreneurship and Rural Entrepreneurship
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👩‍💼 Famous Women Entrepreneurs
🌐 Women Entrepreneurship Platform (WEP)
🌾 Development Strategies for Rural Entrepreneurship
🚧 Major problems faced by rural entrepreneurs
🎓 Institute of Rural Management, Anand (IRMA)
🤝 Self Help Groups Operational Methodology
Innovations in Business
Innovations in Business: Types of Innovations, Creating and Identifying Opportunities, Screening of Business Ideas
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💡 Innovation: Importance & Types
🚀 Opportunities: Overview
🚪 Opportunity Recognition Process
🔍 Sources of Opportunity Identification
🚀 Innovative small firms
Business Plan and Feasibility Analysis
Business Plan and Feasibility Analysis: Concept and Process of Technical, Market, and Financial Analysis
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🧭 Steps Followed in Execution of Business Plan
📊 Feasibility Analysis
🛠️ Technical Feasibility Analysis
📊 Marketing Feasibility Study
Micro and Small Scale Industries in India
Micro and Small Scale Industries in India
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🏢 MSME Classification of Enterprises
📈 Performance and Credit Rating Scheme
🛠️ Zero Defect Zero Effect (ZED) Scheme
🌍 International Cooperation (IC) Scheme
🧾 Marketing Support/Assistance Scheme for Bar Code: Ministry of MSME, GOI
📜 Certifications for Product Categories
Role of Government in Promoting SSI
Role of Government in Promoting SSI
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🏛️ Government intervention to support SSI
🏦 Small Industries Development Bank of India (SIDBI)
🧾 Udyam Assist Platform (UAP)
🏛️ Institutions Financing SSI
Sickness in Small Industries
Sickness in Small Industries: Reasons and Rehabilitation
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🏥 Assessment of Sickness in Small-Scale Industrial (SSI) Units
🏭 Sickness in Small Industries (MSMEs)
Institutional Finance to Small Industries
Institutional Finance to Small Industries: Financial Institutions, Commercial Banks, Cooperative Banks, Micro Finance.
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🏦 Financial Institutions
🌾 Short Terms and Long Term Agricultural Credit
💰 Micro Finance Services Institution
🏦 Asset-Related Covenants in Loan Agreements
📜 Co-operative Credit Societies Act, 1912
🇮🇳 Pradhan Mantri MUDRA Yojana (PMMY)
🇮🇳 Co-operative Credit System in India
Unit X: Test Your Knowledge
Unit X: Test Your Knowledge
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🔥 Rapid Fire: Entrepreneurship Development
Unit X: Entrepreneurship Development

📘 Theory of Opportunities and Innovation | 📅 1934 | 👤 Peter F. Drucker

The “Theory of Opportunities and Innovation” in entrepreneurship was propounded by Peter F. Drucker.

🎯 Identifying and Exploiting Opportunities

Drucker emphasized that entrepreneurship is about identifying opportunities and using innovation to exploit them. According to him, innovation and entrepreneurial opportunities are the two main pillars that drive successful entrepreneurship.

🔄 Innovation as Application, Not Just Invention

Drucker’s approach highlights that innovation doesn’t always mean creating something entirely new; it can also involve applying existing ideas in new ways to meet market needs or solve problems.

🌍 Source of Opportunities: Environmental Changes

He also emphasized that entrepreneurial opportunities arise from changes in various environments such as:

  • 🛠️ Technology

  • 🛒 Consumer preferences

  • 🔄 Social trends

Entrepreneurs must be able to recognize and respond to these opportunities.

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