Effectiveness of EDP Conducted by Maharashtra Center for Entrepreneurship Development (MECD) in Creating Entrepreneurs

This paper examines the effectiveness of entrepreneurship development programs (EDP) in achieving some objectives. MCED has been a pioneer in espousing social and economic entrepreneurship since 1988. It is a training institute in the core area of entrepreneurship development. It works as a facilitator and guide for the creation and cultivation of the entrepreneurial spirit and the concept of ‘self-employment’ in a nation that is largely driven by third party employment. At MCED, there is always the hummable buzz of people discussing, brainstorming, making plans and revamping shelved ideas. The thrum of work and the exciting buzz of activity is an indelible part of the work culture. MCED is also an incredibly technology savvy organization which, not surprisingly, is amongst the few offices to enforce the paperless office concept. MCED is a training institute where is the product ‘entrepreneurship training’ is intangible. Thereby, the main objective of EDPs is to make the EDP trainee an enterprise creator. Hence, it seems necessary to see whether, the objectives of EDPs is fulfilled or not. In simple words, there is a need to have a retrospective look into how many participants have actually started their own enterprises after completing the training. This calls for the evaluation of EDPs. Assets of the organization are the human resources that are an invaluable asset.