KMBN302 INNOVATION AND ENTREPRENEURSHIP

UNIT-1

Innovation- Meaning

Difference between innovation and creativity

Business Model Innovation, Service Innovation

Design-led Innovation, Improvisation

Large Firm Vs Start-Up Innovation

Co- creation and Open Innovation, Developing an Innovation Strategy

Sources of Innovation, Innovation Environment, Creative Destruction

UNIT-2

Meaning, Definition and Concept of Entrepreneur

Entrepreneurship and Entrepreneurship Development, Factors affecting Entrepreneurship

Characteristics and skills of an Entrepreneur, Entrepreneur Vs Manager

Evolution of Entrepreneur, Entrepreneurship, Concepts of Intrapreneurship

Types of Entrepreneur, Function of Entrepreneur

Advantage of becoming an Entrepreneur, Entrepreneurial Decision process

Challenges faced by Entrepreneurs , Common mistake in Entrepreneurship

Common mistake in, Entrepreneurship and changing role of Entrepreneur

Women Enterprises, Social and Rural Entrepreneurship

UNIT-3

Estimating Financial Funds Requirement, Sources of Finance; Banks

Various Financial institution ( including IFCI,ICICI,IDBI and SIDBI)

Financing of small scale industries in developing Countries

Role of Central Government and State Government in promoting Entrepreneurship with various incentives, Subsidies, Grants

Exports Oriented units- Fiscals & Tax Concessions, Overview of MSME Policy of Government of India

Role of Agencies Assisting Entrepreneurship, DIC's, SSI's

NSICs EDII, NIESBUD, NEBD Entrepreneurship Development Institute ( EDI)

New initiatives taken by Government to promote Entrepreneurship in India at Large scale

UNIT-4

Ideas Generation - Sources Method, Identification and Classification of Ideas

Individuals Creativity: Roles and Process, idea to business Opportunity

Opportunity Assessment, Process of new Venture and its Challenges

Venture Capital, Angel Investing , Crowdfunding Entrepreneurial Motivation , Meaning of Entrepreneurial Competences

Major Entrepreneurial Competencies, Developing Entrepreneurial Competencies

Business opportunities in Various sectors, Challenges of New Venture Start-Up, Reasons for Failure of New Venture

How to begin with Low Investment, Environmental Scanning and Low Investment

The Business plan as an Entrepreneurial Tools, Elements of Business Policy , Preparation of Project Plan

Market Plan and Financial Plan , Operational Plan, Feasibility Analysis Aspects, Economic Analysis , Financial Analysis , Market and Technological Feasibility

UNIT-5

Steps Involved in Launching a Business ( Process Charts)

Various forms of Business Ownership

Registrations of Business Unit

Strat-Up to going IPO

Revival, Exist and end to the venture

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