Literature Review Veesam Chandra Reddy (2016), Who Can Be an Effective Mentor For Entrepreneurship Development Programs? Many initiatives like ‘Start-up India-Stand up India’, ‘Make in India’, ‘National Policy for Skill Development and Entrepreneurship’, ‘Digital India’ are being undertaken by the Government of India to foster the entrepreneurial spirit in the nation. Many educational and other institutes are designing and providing entrepreneurship development programs to cultivate entrepreneurship culture in students and individuals. But many of these programs do not understand the basic differences between entrepreneurship education and a typical business education. As an effect of this, many of the programs are failing to showcase the …show more content…
Alan (2016) Nations built on innovation, entrepreneurship, and production are able to dominate the world economy. However, risk taking has traditionally been discouraged in developing nations. The uncertainty and financial insecurity associated with entrepreneurial activities are the greatest barriers that budding entrepreneurs need to overcome in order to transition into successful entrepreneurs. This challenge needs substantial effort and steady support from society. Easy access to information, mentorship, and a network of venture capitalists and angel investors also play critical roles in promoting entrepreneurial activities. Research-inspired entrepreneurial initiatives are expected to play a key role in facilitating India’s economic growth in the coming years. Shrotryia Vijay Kumar, (2016) Start-up India action plan: provisions and prospects, The Action Plan is having detailed scheme of things and addresses the issues relating to obstacles which generally entrepreneurs have been facing. The bureaucratic hassles, problems in raising finances, and availability of networks to reach out to the customers have affected the conversion of idea into reality for many new starters. The fight between big and small, old and new has also been one of the deterrents to start a new
One thing I believe is a necessity in growing up is having a mentor. Having a mentor is, not only, beneficial for the mentee but also the mentor. Being a mentor is a learning experience for everyone participating, it helps people grow as a person and friendships are created when a bond if formed. Some people might think it's a waste of time for a child or that it'll never work out for a troubled delinquent but based on the research I've done, I have proven them wrong. Through-out this paper I will provide the pros and cons of mentoring and how they affect both mentor and mentee. To back up my proposal that mentoring is supporting, I will supply examples to answer the question: Is mentoring really important?
I want to be a mentee because the Mentorship program is a fantastic way to familiarize with the school and meeting people with other background. Obviously, as an incoming freshman, I do not know much people, so the Mentorship program as a chance to break the ice and to make connections in school and among peers. Also, I am not familiar with the state of Michigan, so the program also serves as an opportunity to get accustomed with the new environment, the new climate, and the new culture. I was born and raised in Taiwan, and moved to California five years later; I realize the difference from one place to another. Michigan is a whole new place and it is imperative that I learn how to adjust and behave in an appropriate way. Through the program,
Get M.A.D. Global is exactly how we at Get M.A.D. intend to be, global. As we are intending to be established outside of South Carolina as the leader in mentoring solutions for all, we will be planning to extend our services globally. Our overall focus is mentoring! What is mentoring and why is it important? By understanding mentoring and why it’s important we will be able to formulate a mentoring methodology for our mentoring development program. This is important because, not only is mentoring important here in the United States, it’s equally important in other parts of the world.
I work on a part-time basis and my tasks include sending the project briefs to business advisers at the beginning of the month and collecting their work at the end of the month. I received training on business mentoring, which is a way of supporting employees or colleagues related to coaching, during previous work, and in this role I communicate with an interdisciplinary team to coordinate the creation and distribution of project briefs across projects. I keep minutes at meetings and I draft letters and reports that are further passed on to advisers for finalisation. I provide clear instructions in the project briefs to each adviser, and in doing this I check the policies and internal guidance for the tasks to be done. For example, when an
The phrase “it takes a village to raise a child” could not be more true when it came to me growing up. Throughout my life I have had several mentors who helped shape my business ethic and improve my character. A mentor is critical to a person’s professional and personal growth by providing them with advice, knowledge, and leadership. The best way to acquire knowledge is for a person to read; but it’s always good to have someone that can suggest the right books.
I admire your positive attitude on your first day as a mentee because you did not give up even though you had a negative mentoring experience; instead, you kept your positive attitude and offered to help other nurses who were working around. A mentor should be someone that will guide you and give you advice about the profession (Green & Jackson, 2014). For a mentor and mentee relationship to succeed, they both have to respect each other (Green & Jackson, 2014). We currently have a nursing shortage and having bad experiences with mentors is only going to get this nursing shortage worse. To avoid negative experiences with mentors, one thing we should do is that the mentee should have the option to choose his mentor. Or vice versa, mentors
Entrepreneurship is the future of the modern society. They are the driving forces behind Indian economy. Entrepreneurs are people who come out with an new ideas , innovations , do things, which are not generally done in the ordinary course of a business. Empowerment of women entrepreneur is an new mantra for development of economy. The present paper focuses mainly women entrepreneur ,they still represent a minority of all entrepreneurs. It is observed that women entrepreneur networks are major sources of knowledge about women’s entrepreneurship and they are increasingly recognized as a valuable tool for its development and promotion. Of the 1.3 billion people who live in absolute poverty around the globe, 70 percent are
It's one thing to show up to a job as an employee and check in from 9 to 5. It's an entirely different situation when you run the business and you seemingly never clock out. While managing the business can feel all-consuming, it doesn't have to overtake you. There are a few strategic things that you can do to make sure that you delegate and outsource the right tasks. Additionally, it's also really important to have accountability and support when you're running your own microbusiness. Knowing this it's best to hire a business coach to keep you on track. There are three key ways a business advisor can really help you propel forward in your business and achieve incredible success.
When learning something new, the quickest easiest most successful way is to find a great coach and mentor. Recommendations are great, or Google the trainer you have in mind especially if the training involves the internet.
Entrepreneurship is the activity of creating a new business or enterprise. It is an essential and significant action in the growing job market (Bednarzik, 2000). Entrepreneurship has become important to all the countries whether they developed or developing ones. It is a basis of economic growth and employment creation (Thurik, Carree, Van Stel, Audretsch, 2008). It involves opportunity recognition or creation, collecting resources to track the opportunity, and managing actions that bring a new venture into existence. Some ventures are complete start-ups, while other ventures are pursued within an existing organization (Enz and Harrison, 2010). Entrepreneurs accept the personal financial risks that drive with having their own business. On the other hand, entrepreneurs benefit directly from the
Caste and religion of entrepreneurs are the contributory factor of entrepreneurial development. History reveals that the entrepreneurial traits do not belong to a specific caste rather the entrepreneurs emerge from varied communities. James Berna conducted a study of 52 medium – scale manufacturing entrepreneurs and found that
Mentorship is very important in the workplace especially in the area of training and development. The mentor-protégé relationship is a much needed relationship that begins in the early career stage and this relationship involves the current or new employees and the supervisor or other colleagues that provide work-related guidance. The relationship itself is comprehensive and involves “educational, occupational, physical, social, and spiritual development” (Greenhaus,, Callanan, & Godshalk, 2010, p 211). One of the initial task of the early career the establishment of the career field which involves the gaining of the workplace competence, learn what is needed to excel in the organization, and to gain acceptance in the workplace to be recognized as the valued employee. There are many ways of achieving the above mentioned advantages in the workplace which one main method is through the use of the mentorship program.
Through fresh innovative and creative ideas we have seen how these different concepts and ideas change the business environment. Entrepreneurship plays a role in the economy and can result in the growth and development of the economy in a country. This essay will be discussing the different aspects on what Entrepreneurship is, The Role it plays in the economy and the different type Entrepreneurial businesses involved in the growth and development of the economy of the country. Entrepreneurship will help the economy by providing more job opportunities, creating new wealth and can reduce unemployment . It is clear that there is positive relationship between Entrepreneurship and Economic growth; this link will be discussed in the essay.
Entrepreneurship is difficult to define throughout its history research. Even nowadays, this concept is still a debatable point (Rajendra, et al., 2017). Based on four decades of research, Gartner (1988) concludes that entrepreneurs are founders of new firms. Shane and Venkataraman (2000) consider entrepreneurship as “a new venture’s risk-taking endeavor seeking an opportunity” and Fortunato (2014) adds innovative value into the concept of entrepreneurship. Thus, research on the definition of entrepreneurship continue. According to those diverse views, I will interpret six unique entrepreneurial characteristics and theoretically analyze each one. Risk taker, need for achievement and proactivity as my strengthens will be illustrated with my experience. Innovativeness, internal locus of control and tolerance for ambiguity are my weaknesses, thus I will describe relevant successful Entrepreneurs’ experiences.
India, which is home to at least 3,100 start-ups, is ranked fifth globally in terms of the combined size of the start-up industry. However the important downside is that Dallal Street or Indian Stock markets are not the well-liked location for the startups, rather foreign locations such as Singapore and Hong Kong are fast becoming a most popular location for raising funds. So, SEBI has come up with ‘Alternate Capital Raising Platform’ for startups to prevent this outflow.