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Activities of National Foundation for Entrepreneurship Development (NFED)

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By Prof. R. Ganesan

NFED’s decade long experience in the propagation of entrepreneurship awareness, opportunity guidance, training, and development has gained enormous amount of exposure in redefining   programmes and activities into research, training, and development. In order to implement its programmes and activities, NFED has framed up a novel organizational structure with five Deanships (Research, Academics, Training & Development, Media & Publicity, and Public Relations). There are numerous centres of excellence and departments, which are formally instituted under the concerned deanships to facilitate functions and activities. NFED strongly believes in the decentralization of activities across India. Hence, it has created chapters, regions, and territories with appropriate headships across different states with the purpose of implementing its programmes and activities in accordance with its vision and mission. NFED conducts frequent entrepreneurship awareness programmes (EAPs), workshops, entrepreneurship development programmes (EDPs) and organizes guest lecture sessions and invited talks for fostering entrepreneurship development, faculty development, staff development, professional development, personality development etc.  The Entrepreneurship Development workshops  are conducted  keeping in mind the requirements of the students, starting with  the basic level till the advanced level soft skill acquisition, focusing on key attributes like calculated risk taking, self-confidence building, persistence, time management, locus of control, conceptual understanding of entrepreneurship, competence etc. The programmes on entrepreneurship development awareness and training focus on schools, colleges, polytechnics, and varsities. The faculties teach entrepreneurship development in their respective colleges.

The faculty development programmes (FDPs) have gained wide momentum in schools and colleges along with entrepreneurship awareness and research. It is because of the indispensability of entrepreneurship in recent years. In many academic institutions, it has become mandatory not only as a subject but also for professional grooming for students. The different modules covered in these FDPs are Introductory Review, Concept and Redefining Entrepreneurship, Theoretical Frameworks and Research Dimensions, Enterprising Exercises, Competence and Characteristics, Intrapreneurship, Creativity and Innovation, Pre-Feasibility Report, Business Development Plan and Report, Case Reviews, Entrepreneurial Strategies, and Entrepreneurial Environment and Institutional Support. Similarly, entrepreneurship development programmes (EDPs) at colleges have modules on Entrepreneurial Attributes, What Next?, and Challenges  and Practices for Entrepreneurs. Apart from these entrepreneurship development programmes, NFED frequently engages in conducting FDPs on Research & Development at various colleges. FDP on research usually covers the following aspects: Research – Genesis & Perspectives, Application Research & Techniques, Research Writing & Structuring, and Publication Process & Journal Perspectives.

The FDP on Research & Development focuses more on publication effectiveness and motivates the young research scholars and final year students towards publishing their projects and research study in refereed, indexed conferences and journals. NFED also conducted a couple of open programmes in entrepreneurship and developmental prospects for the public and the agriculturists to foster a spirit of entrepreneurship. It is to be noted that NFED’s key office bearers – Prof. R. Ganesan, Chairman & Presidium Chair, Prof. S. Magesh, Director, Prof. S. Lakshmipriya, Prime Facilitator & Presidium Member, Prof. Gayathri Harish, Dean (Media & Publicity), Ms. S. Geethakumari, Presidium Member and Ms. Madhumathi, Regional Head, Kanchipuram & Tiruvannamalai Districts of Tamil Nadu – have conducted Invited Talks, Guest Lecture Sessions, FDPs, EDPs, EAPs, Open Programmes, International Conference Jury to propagate the organization’s vision  and mission at the state and national levels. NFED has a strong research base and undertakes Research & Development in terms of quality research publications in refereed and indexed journals, responsive books/edited volumes published out of indexed conferences and seminars, which focus on management and entrepreneurship.

NFED has conducted 17 programmes including Invited Talks, Guest Lecture Sessions, FDPs, EDPs, and EAPs at Schools, Colleges (Arts & Sciences and Engineering & Technology), International Conferences, Open Programmes (Public), Agropreneurs, along with two research publications in journals and one article review in one of the refereed journals within the stipulated time of 4 months. This clearly indicates an average of  four programmes have been conducted  every month, along with a journal article published  in 2 months, since its official registration  in November 2013.

NFED organized a social development award – International Women’s Day Awards & Celebrations – on 8 March, 2014 at Coimbatore, Tamil Nadu, India. There were around 225 participants from various states of India, which included 80 women awardees. The award is the first of its kind at NFED, intended to recognize women as a significant workforce for bringing in socio-economic change in India in the coming years. Two regional dailies and a national daily have published information about the event.

NFED strongly believes in shaping ideas and translating them into action with perfection and commitment. This is imbibed by its members, from the top brass to the bottom. This has been the major cause for its wide reach and publicity over the past decade. The programmes at NFED are devised towards facilitating the sustenance model in accordance with the socialistic perspective. The key office bearers and officials are appointed on an honorary basis.  Out of the total revenue generated by its workforce, 35-40% is kept by NFED to support its awards and developmental activities in a given calendar year. Thus, NFED is a unique non-governmental organization with a socialist perspective and stands as a model for many social enterprises. Since its inception, it has earned a name as a righteous social enterprise, without patronage from industrial and political barons. All its activities and programmes are set independently without violating its vision and mission.  NFED’s socialist members encourage individuals and workforces to be enterprising through skill acquisition, thereby inculcating self-realization, self-development, commitment, values, perfectionism, orderliness, time-centrism amongst today’s younger generations. We are committed to contribute toward the production of righteous world citizens. The forthcoming pieces will further elaborate on this journey.

Author:

Professor R. Ganesan is the Chairman/Presidium Chair of National Foundation for Entrepreneurship Development, Coimbatore, Tamil Nadu, India. He obtained his Ph.D. in entrepreneurship development from the Indian Institute of Technology, Delhi. Email: chairman@nfedindia.org/chairmannfed@gmail.com

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Read the latest issue of Cafe Dissensus Magazine, “Lucknow’s Many Muslims”. Edited by Prof. Nadeem Hasnain & Aseem Hasnain. The rich array of essays explores various facets of Lucknow, a ‘Muslim city par excellence.’

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