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Fisheries Business Management and Entrepreneurship Development

Fisheries Business Management and Entrepreneurship Development

Teacher

Mr. Pritam Tripathy

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Course Title: Fisheries Business Management and Entrepreneurship Development

Course code (credits): FSEE 3205 (1+0+0)

Course Objectives

  • To make the students understand concepts and practices of entrepreneurship skills.
  • To identify a business idea and develop it into a business proposal.

Course Outcomes

CO1: Understand the concepts and practices of entrepreneurship skills, entrepreneurial and managerial characteristics

CO2: Knowledge on the Government schemes and incentives for promotion of entrepreneurship

CO3: Able to skilled the concept and enable future fisheries entrepreneurship to setup their startup

CO-PO Mapping

COs Course Outcomes

POs  addressed

CO-1 Understand the concepts and practices of entrepreneurship skills, entrepreneurial and managerial characteristics

PO1, PO2, PO3, PO4, PO5, PO6, PO7, PO8, PO9

CO-2 Knowledge of the Government schemes and incentives for the promotion of entrepreneurship

PO1, PO2, PO3, PO4, PO5, PO6, PO7, PO8, PO9

CO-3 Able to understand the concept and enable future fisheries entrepreneurs to set up their startup

PO1, PO2, PO3, PO4, PO5, PO6, PO7, PO8, PO9

PO1: Knowledge enhancement

PO2: Professional and Entrepreneurial Skill development

PO3: Critical thinking

PO4: Problem solving

PO5: Environment and Sustainability

PO6: Data Handling and computational skills

PO7: Communication & Extension Skills

PO8: Team Work

PO9: Ethics

Program Outcomes

PO1: Knowledge enhancement: Enhanced knowledge on concepts, essential facts, basics, principles and theories relating to fishery biology, biodiversity and aquatic environment, aquaculture, fish nutrition, fish physiology, genetics and biotechnology, fish processing, fisheries engineering, fish microbiology, fishery extension, economics, and biostatistics.

PO2: Professional and Entrepreneurial Skill development: Understanding the value and processes of life-long learning and professional enhancement and entrepreneurship development.

PO3: Critical thinking: After identifying the assumptions from the subject, take informed actions to frame the thinking and check out the degree to which these assumptions are accurate and valid, and look at our ideas and decisions (intellectual, organizational, and personal) from different perspectives.

PO4: Problem Solving: Solve the problems from concerned disciplines using the knowledge, skills and attitude acquired from various disciplines in fisheries science.

PO5: Environment and Sustainability: Understand the issues of environmental contexts and sustainable development.

PO6: Data Handling and computational skills: Collect, analyze and interpret biological and scientific data for the scientific and farming community with the help of computer-based programmes.

PO7: Communication & Extension Skills: Develop appropriate communication skills for effective transfer of knowledge and technologies through extension activities.

PO8: Team Work: Play effective roles in capture, culture, management, financial and marketing of fish produce.

PO9: Ethics: Application of ethical principles and commitment to professional ethics and responsibilities.

Syllabus

Concept of entrepreneurship; entrepreneurial and managerial characteristics; managing an enterprise; motivation and entrepreneurship development; importance of planning, monitoring, evaluation and follow up; managing competition; entrepreneurship development programs; Generation, incubation and commercialization of ideas and innovations. Government schemes and incentives for promotion of entrepreneurship. Preparation of enterprise budget for integrated fish farming. Fiscal and monitory policies and its impact on entrepreneurship. Infrastructural and other financial requirement for fishery entrepreneurship Government policy on Small and Medium Enterprises (SMEs) / SSIs. Venture capital. Contract farming and joint ventures, public-private partnerships. Overview of fisheries inputs industry. Characteristics of Indian fisheries processing and export industry. Introduction to fish business management- Concept of management, management process (planning, organising, staffing, leading and controlling), Organizational behaviour, human resource planning, new dimensions in fish business environment and policies. Accounting procedures of fish business entity. Emerging trends in fish production, processing, marketing and exports. Assessing overall business environment in the Indian economy. Overview of Indian social, political and economic systems and their decision making by individual entrepreneurs. Globalisation and the emerging business /entrepreneurial environment. Social Responsibility of Business.

References:

Entrepreneurship Development and Management ---- Dr. R.K. Singal

Session Plan (Theory)

Session 1 - 2

Entrepreneurship: Concept of entrepreneur, Characteristics of entrepreneurs, Profile of an entrepreneur, Importance of entrepreneurship, Kinds of entrepreneurs, Role and functions of an entrepreneur, Qualities of a successful entrepreneur, Circumstances favouring entrepreneurship

Videos:

entrepreneurship development, entrepreneur, entrepreneurship, innovation and entrepreneurship notes - YouTube

Entrepreneurial Competencies, Process of entrepreneurship, entrepreneurship development, innovation - YouTube

Type of Entrepreneurs, Entrepreneurship Development, Innovation and entrepreneurship, entrepreneur - YouTube

Session 3

Managing an enterprise–Motivation and entrepreneurship development: Definition of motivation, Motivation concepts, Categories of motivation, Types of motivation

Session 4 - 5

Entrepreneurs Development Programmes (EDPs):

Importance of planning, Characteristics of planning, Steps in planning function, Advantages of planning, Need for EDPs, Objectives of EDPs, Components of EDPs, Phases of EDP, Criteria for evaluating EDPs, Role of government in organising EDPs, Financial Institutions for sponsoring EDPs

Videos:

ENTREPRENEURIAL DEVELOPMENT PROGRAMMES (EDP) | Concept | Objectives | BBA/MBA/Bcom | ppt - YouTube

ENTREPRENEURIAL DEVELOPMENT PROGRAMMES (EDP) | Concept | Need and Relevance | BBA/MBA/Bcom | ppt - YouTube

ENTREPRENEURIAL DEVELOPMENT PROGRAMMES (EDP) | Concept | Phases / Steps | BBA/MBA/Bcom | ppt - YouTube

ENTREPRENEURIAL DEVELOPMENT PROGRAMMES (EDP) | Concept | Role & Contribution in India | BBA/MBA ppt - YouTube

Session 6

Government Schemes and Incentives for Promotion of Entrepreneurship:

Capital investment subsidy scheme offered by central Government, Sales tax exemptions, Special incentives to women entrepreneurs, Special concessions to scheduled caste and scheduled tribe entrepreneurs

Videos:

New initiatives taken by government to promote entrepreneurship, Innovation and entrepreneurship - YouTube

10 Best Startup Government Schemes in India for Every Entrepreneur - Corpbiz - YouTube

Session 7

Fiscal and monitory policies, Government policy on Small and Medium Enterprises:

Fiscal and monitory policies and its impact on entrepreneurship, Infrastructural and other financial requirement for fishery entrepreneurship, Definition of micro, small and medium enterprises in India, Policies and incentives, MSMED Act, Incentive schemes for the development of Small-Scale Sector, Factors affecting MSMEs

Video:

Monetary Policy | Fiscal Policy | Economic Policy | Business Environment | Study at Home with me - YouTube

MSME, msme definition, msme Role, msme kya hai, msme schemes, MSMED Act 2006, Indian economy b.com - YouTube

Session 8

Joint ventures and sub-contracting:

Definition of Joint venture, Advantages and Disadvantages of joint venture, Definition of sub-contracting, Advantages and Disadvantages of sub-contracting

Video:

Class 11 Business Studies Ch 3 | Joint Ventures - Private, Public and Global Enterprises (2022-23) - YouTube

Session 9

Venture capital, Public and private partnerships:

Definition of venture capital, Guidelines for venture capital, Concept of public-private partnership (PPP), Advantages and disadvantages of PPP

Session 10

Overview of fisheries inputs industry:

Status of fisheries processing and export industry in India, Characteristics of Indian fisheries processing and export industry

Session 11 - 12

Introduction to fish business management:

Concept of management, Management process (planning, organizing, staffing, leading and controlling), Organizational behavior, Human resource planning, New dimensions in fish business environment and policies, Accounting procedures of fish business entity

Session 13

Emerging trends in fish production, processing, marketing and exports:

Trend of fish production, Trend of processing industry, Trend of export (fish and fishery products), Trend of marketing strategy

Session 14

Assessing overall business environment in the Indian economy:

Main characteristics of today’s business, Economic factors, India’s abundant natural resources, Problems of industrialization, Pattern of industrialization

Session 15

Indian Social, Political and Economic systems decision making by individual entrepreneur:

Economic environment, Main economic factors, Social Environment, Main components of social environment, Factors influencing entrepreneurship

Session 16

Globalization and the emerging business environment:

Definition of globalization and liberalization, Advantages, Social responsibility of business

Video:

Globalisation - Business Environment | Class 12 Business Studies (2022-23) - YouTube

Assignment

Writing a business model on the following topics:

  1. Traditional Fish farming
  2. Traditional Shrimp farming
  3. Integrated fish farming system (Fish-cum-poultry, fish-cum-duck, fish-cum-sericulture, fish-cum-olericulture, fish-cum-animal husbandry, fish-cum-bee keeping)
  4. Tourism at marine sanctuary
  5. Technology driven shrimp farming system

Model Question 

Our Main Teachers

Mr. Pritam Tripathy is working as Assistant Professor in the Department of Fisheries, School of Fisheries, CUTM, Paralakhemundi campus on 03rd January 2022. He completed his B.F.Sc from Orissa University of Agriculture & Technology, Odisha, M.F.Sc. in Fisheries Economics from ICAR-Central Institute of Fisheries Education, Mumbai.