| Course Name | Small Business and Entrepreneurship |
| Course Code | 24COM602 |
| Program | M. Com. (Finance & Systems) |
| Semester | III |
| Credits | 3 |
| Campus | Amritapuri |
Entrepreneurship: Definition – Characteristics – Entrepreneurship and entrepreneur – Functions of entrepreneur – types of entrepreneurs – Factors affecting entrepreneurial growth – Intrapreneurs – An emerging class – Entrepreneurial motivation – Entrepreneur and enterprise – Successful entrepreneurs in India (case study)
Entrepreneurship and economic development; Science and technology as the fifth factor of production – Schumpeter’s views of the Entrepreneur – Walker’s views – Drucker’s view on the entrepreneur – Individual and institutionalized entrepreneurs – Entrepreneur distinguished from other functionaries – Entrepreneurial management – Entrepreneurial strategies.
Small Business: An introductory framework – Concept – definition – nature and characteristics –
scope and types of small business – rationale for small business – Objectives of small business – Small
business as a seedbed of entrepreneurship – Role of small business in Indian Economy – Problems and prospects of SSIs in India. The MSMED Act and its implications on small business.
Setting up of a Small business – Basic Start Up problems – Business Incubation and Institutional Assistance – Forms of ownership – Factors affecting ownership patterns – Financing the Small Business
– sources of finance- MUDRA loan as an important form of non-collateral finance.
Purchasing, Production and Operations Management: Principles of procurement – purchase procedure – Plant location, layout and design – Production planning and control – Quality Control– Technology for small business – Issues in small business marketing.
Growth strategies for small business – need – types of growth strategies – Diversification – Expansion
– Sub-contracting – Small entrepreneur in international business: Exploring export potential – basic elements of export procedure Rural entrepreneurship: Meaning – Need – Problems and prospects.
Course Objective:
To create an understanding of the importance as well as the modus operandi of small business management and entrepreneurship.
Course Outcomes:
| CO1 | Clear understanding of various types of business ownerships |
| CO2 | Equipping with necessary awareness and skills to become an entrepreneur |
| CO3 | Get acquaintance with different aspects of management for running an enterprise successfully |
| CO4 | Understanding of formalities and procedures for starting a business enterprise |
| CO5 | Creates enthusiasm among students to inculcate start-ups |
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