Edp is a process of grooming entrepreneurs explain
Answers
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Explanation:
Entrepreneurship development is the means of enhancing the knowledge and skill of entrepreneurs through several classroom coaching and programs, and training. The main point of the development process is to strengthen and increase the number of entrepreneurs.
EDP pass through following three stages:
I. Initial or Pre-training phase.
II. Training or Development phase.
III. Post training or follow-up phase.
Answer:
The term EDP stands for Entrepreneurship Development Program (EDP) EDP in entrepreneurship is a program that assists in the development of entrepreneurial skills.
Explanation:
An entrepreneur must respond appropriately to the market while also understanding the needs of the business. The skills required are diverse, and they must be handled as efficiently as possible. EDP is more than just a training program; it is a comprehensive process that can transform an individual into an entrepreneur. This program also teaches individuals how to start a business and how to sustain it successfully. This program helps people develop the skills needed to run a successful business. People may have skills, but they must be polished and incubated. This program is ideal for them. This program consists of a structured training process designed to help an individual develop as an entrepreneur. It assists the individual in acquiring the necessary skills and capabilities to effectively play the role of an entrepreneur. According to the National Institute of Small Industry Extension Training in Hyderabad, an EDP is an effort to transform a person into an entrepreneur by putting him through rigorous training.