Solution:

Phases of Entrepreneurial Development Program:

An entrepreneurial development program consists of three broad phases:

• 1. Pre-training Phase.
• 1. Training Phase.
• 1. Post-training Phase.

1. Initial Phase:

• This phase includes the activities and the preparations required to launch the training program. The main activities of this phase are:

• (a) Arrangement of Infrastructure for training

• (b) Preparation of training syllabus and application form

• (c) Tie up of guest faculty

• (d) Designing tools and techniques for selecting the trainees

• (e) Formation of the selection committee

• (f) Publicity campaign for the program Thus, the initial stage involves the identification and selection of potential entrepreneurs and providing initial motivation to them.

2. Training Phase:

• In this phase, the training program is implemented to develop motivation and skills among the participants.

• The objective of this phase is to bring desirable changes in the behavior of the trainees.

• The trainers have to judge how much, and how far the trainees have moved in their entrepreneurial pursuits. A trainer should see the following changes in the behavior of participants.

• (a) Is there any change in his entrepreneurial outlook, role, and skill?

• (b) Is he motivated to plunge into an entrepreneurial venture and risk what is expected of an entrepreneur?

• (c) What kind of entrepreneurial behavior does the trainee lack?

• (d) Does he possess the knowledge of technology, resources, and other related entrepreneurial knowledge?

• (e) Is he skillful in choosing the right project and mobilizing the right resources at the right time?

3. Post-Training or Follow-up Phase:

• Under this phase, it is assessed how far the program's objectives have been achieved.

• Monitoring and follow-up reveals drawbacks in the earlier phases and suggests guidelines for framing the future policy.

• In this phase infrastructural support, counseling and assistance in establishing new enterprises and in developing the existing units can also be reviewed.