Factors Affecting Levels of Pay
Skills, Experience and Performance This is the basic determinant of the pay that is given to an employee. This is the entry-level criterion wherein the skills of the employee are first determined and the pay fixed accordingly. Next, the performance of the employee during the appraisal period forms the basis for the salary hike and […]
Human Resource Management Strategies to Diversify the Workforce
HRM Strategies to Promote Diversity can Enhance Organizational Effectiveness A diverse enhances organizational effectiveness by creating a culture of plurality and tolerance that promotes collective decision making through multiple viewpoints that can be used for better decision making. Thus, the HRM or the Human Resources Management strategies must include end-to-end capabilities that promote diversity. This […]
Role of Opinion Leaders and Change Agents in the Knowledge Management Paradigm
The Role of Opinion Leaders and Change Agents in Diffusion of Innovations Knowledge management systems are effective when the innovations are pioneered by organizations. Apart from the innovations themselves, they have to be diffused throughout the organization to benefit the employees. The key question here is that when there are thousands of artifacts and documents […]
Rogers’ Theory of Diffusion of Innovations
Innovations and Diffusion We all have heard about how inventions and innovations have changed the world and transformed the industry landscape and revolutionized the way in which technology is used to further material gain and benefit humanity. The examples of the Personal Computer or the PC that transformed the way in which offices work and […]
What to Collect during Job Analysis
Gathering job-related information involves lots of efforts and time. The process may become cumbersome if the main objective of it is not known. Any information can be gathered and recorded but may be hazardous for health and finances of an organization if it is not known what is required and why. Before starting to conduct […]
Nurturing and Building Youth Entrepreneurship has got to be a long term developmental program with strategic focus and policy framework at the National Government level identifying specific areas and programs to nurture and build awareness of amongst the Youth, train and enhance their skills required for starting business enterprise. This calls for including Youth Entrepreneurship building as a regular curriculum at high school and University levels throughout the country. Secondly there has to be a common YE program involving all NGOs, Societies and Communities to create an environment and culture that is conducive to Youth Entrepreneurship. The effort of building YE does not stop with this.
There has got to be sustained campaign in media and other forms of communication to show to the Youth some of the successful role models that they can emulate. Besides Government has got to set up the required framework and policies to provide assistance required for Young Entrepreneurs to start businesses. Besides training Youth and equipping them with Business skills, there is a need to provide guidance, mentoring as well as provide assistance in start up financing and help them market themselves by providing them the opportunities at various trade forums. These are but a few of the action plans that are outlined here to help kick start Youth Entrepreneurship development strategy and programs.
In the long run the effort in this direction has to be sustained with the same enthusiasm and many more action plans involving various other agencies and fields have got to be built into the programs.
To help build Entrepreneurship awareness programs as a part of Education, it helps to understand how the Youth Entrepreneurship develops and progresses in the early years. Chigunta has proposed a three stage transitional phase in Youth Entrepreneurship. Of course the stages can vary depending upon local environment and cultural factors in different countries.
The above classification can help us understand the growing up trends amongst the youth and help us design policies and programs more effectively. Providing the right input at the right time helps the Youth assimilate the necessary information in a better way and use it effectively.
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