A Comparative Study of Government and Non-Government Entrepreneurship Development Programmes in Promoting the Transformation of Businesses

Abstract

This paper discusses the importance of Entrepreneurship Development Programmes and their influence on business transformation. The purpose of the paper is to assess the role of Entrepreneurship Development Programmes (EDPs) in entrepreneurial transformation and to compare and evaluate the effectiveness of Entrepreneurship Development Programmes (EDPs) offered by Government and Non-Government organisations. Successful entrepreneurial activities are assisted by the supportive entrepreneurial ecosystems in society. The support is extended to the entrepreneurs through initiatives like Entrepreneurship Development Programmes (EDPs). Entrepreneurship Development Programmes (EDPs) act as an essence to boost entrepreneurial culture in the economy. Several government and non-government organisations (NGOs) encourage entrepreneurial activities through Entrepreneurship Development Programs. These programs motivate individuals to set up and upgrade their ventures. Empirical evidence was gathered from entrepreneurs on the business transformation that appeared after being part of the Entrepreneurship Development Programmes. The study also focuses on enabling and limiting socio-economic factors responsible for business sustainability. The quasi–experimental design was used to select the entrepreneurs for the study. The purpose of the study is to measure and compare the achievement level of beneficiaries of Entrepreneurship Development Programmes (EDPs) and their contribution towards building a strong entrepreneurial ecosystem.