Tag: entrepreneurship

Empowering Growth: Track2Training’s Commitment to Personal and Professional Development

Daily writing prompt
If you could be a character from a book or film, who would you be? Why?
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By Shashikant Nishant Sharma

In the dynamic landscape of today’s job market, continuous learning and development have become paramount for individuals and organizations alike. With technological advancements and evolving industry trends, the need to upskill and reskill has never been more pressing. Recognizing this demand, Track2Training emerges as a beacon of empowerment, offering tailored programs designed to foster personal and professional growth.

Photo by Christina Morillo on Pexels.com

Founded on the principle of democratizing education, Track2Training aims to bridge the gap between aspiration and achievement. Whether you’re a recent graduate looking to enter the workforce or a seasoned professional seeking to enhance your skill set, Track2Training provides a diverse array of courses catering to various interests and career paths.

Customized Learning Experience

One of the distinguishing features of Track2Training is its commitment to personalized learning. Recognizing that each individual has unique strengths, weaknesses, and learning styles, the platform employs innovative teaching methodologies to cater to diverse needs. Through a combination of interactive modules, live sessions, and hands-on projects, learners are empowered to take charge of their educational journey.

Moreover, Track2Training’s adaptive learning algorithms ensure that course content is dynamically adjusted based on the learner’s progress and comprehension levels. This not only enhances engagement but also maximizes retention, enabling participants to apply their newfound knowledge effectively in real-world scenarios.

Industry-Relevant Curriculum

In today’s fast-paced world, relevance is key. Track2Training collaborates closely with industry experts and thought leaders to develop curriculum that is aligned with the latest trends and demands of the job market. From emerging technologies like artificial intelligence and blockchain to soft skills such as communication and leadership, the platform offers a comprehensive suite of courses that empower individuals to stay ahead of the curve.

Furthermore, Track2Training regularly updates its course offerings to reflect changes in industry standards and best practices. This ensures that learners are equipped with the most up-to-date knowledge and skills, enhancing their employability and career prospects in an ever-evolving landscape.

Community and Mentorship

Learning is not just about acquiring knowledge; it’s also about fostering connections and gaining insights from others. Track2Training understands the importance of community and mentorship in the learning process and provides a supportive environment where learners can collaborate, share experiences, and seek guidance from experts in their respective fields.

Through interactive forums, networking events, and one-on-one mentorship sessions, participants have the opportunity to engage with like-minded individuals and industry veterans, gaining invaluable advice and perspective along the way. This sense of camaraderie not only enhances the learning experience but also cultivates a spirit of collaboration and mutual support among members of the Track2Training community.

Empowering Success Stories

At Track2Training, success is measured not only by academic achievements but also by real-world impact. The platform takes pride in the success stories of its alumni, who have gone on to make meaningful contributions in their chosen fields. Whether it’s securing a dream job, launching a successful startup, or effecting positive change in their communities, Track2Training’s graduates are testament to the transformative power of education.

From aspiring entrepreneurs to seasoned professionals, Track2Training welcomes individuals from all walks of life who are eager to learn, grow, and realize their full potential. With its commitment to personalized learning, industry relevance, community engagement, and tangible outcomes, Track2Training stands as a catalyst for empowerment in the ever-evolving landscape of education and professional development.

References

Dehalwar, K. Empowering Women and Strengthening Communities: The Role of Community-Based Organizations (CBOs).

Detsimas, N., Coffey, V., Sadiqi, Z., & Li, M. (2016). Workplace training and generic and technical skill development in the Australian construction industry. Journal of management development, 35(4), 486-504.

Kennett, G. (2013). The impact of training practices on individual, organisation, and industry skill development. Australian Bulletin of Labour, 39(1), 112-135.

Kumar, G. A., Nain, M. S., Singh, R., Kumbhare, N. V., Parsad, R., & Kumar, S. (2021). Training effectiveness of skill development training programmes among the aspirational districts of Karnataka. Indian Journal of Extension Education, 57(4), 67-70.

Meager, N. (2009). The role of training and skills development in active labour market policies. International Journal of Training and Development, 13(1), 1-18.

Sharma, L., & Nagendra, A. (2016). Skill development in India: Challenges and opportunities. Indian Journal of Science and Technology.

Sharma, S. N. (2023). Understanding Citations: A Crucial Element of Academic Writing.

Digital Skills to Rural Youth

By Shashikant Nishant Sharma

To promote Digital Skills amongst all the learners across the country, Ministry of Education through its autonomous bodies such as All India Council for Technical Education (AICTE) has entered into Memorandum of Understanding (MoU) with leading technology companies to drive skilling and future readiness for the students. The partnerships cover wide areas such as project-based assignments, courses in Animation, Visual Effects, Gaming and Comics (AVGC), online teaching materials, familiarization with digital tools and platforms that will be pursued on a best-efforts basis across colleges to cover students of the higher education institutions in India including but not limited to Engineering colleges, Degree colleges and Polytechnics for expanding digital skills.

The Directorate General of Training (DGT) under Ministry of Skill Development & Entrepreneurship (MSDE) is implementing the Craftsmen Training Scheme (CTS) in Industrial Training Institutes (ITIs) across the country. Under this scheme, Essential Digital Skills are taught under the subject of Employability Skills that are mandatory for trainees under all trades. DGT has signed MoU with IT Tech companies like IBM, CISCO, Future Skill Rights Network (erstwhile Quest Alliance), Amazon Web Services (AWS) and Microsoft under which technical and professional skills with respect to new age technologies which includes courses on topics like Artificial Intelligence (AI), Big Data Analytics (BDA), Blockchain, Cloud Computing, Cyber security, Internet of Things (IoT), Web, Mobile Development and Marketing, Machine Learning, etc. is being provided to trainees through Bharatskills, a Central Repository for skills, to make the trainees industry ready.

National Institute for Entrepreneurship and Small Business Development (NIESBUD), an Autonomous Institute under the administrative control of Ministry of Skill Development and Entrepreneurship (MSDE) as of now has signed an Memorandum of Understanding (MoU) with Meta on 4th September, 2023 to support the Indian entrepreneurial ecosystem. The aim of the MoU is to provide aspiring and current small business owners with the necessary tools, knowledge, and resources to thrive in today’s dynamic market environment. The partnership will help in training budding and existing entrepreneurs in digital marketing skills by Meta platforms like Facebook, WhatsApp and Instagram in seven regional languages.

Indian Institute of Entrepreneurship (IIE), Guwahati, an Autonomous Institute under the administrative control of Ministry of Skill Development and Entrepreneurship (MSDE) has partnered with reputed institutions and colleges to take digital skill to rural youth and is assisting in building talent pool capacities and seamlessly connecting students, youth and micro-entrepreneurs across North Eastern Region of India.

Under the partnership of Ministry of Education with leading technology companies and NIESBUD with Meta, there are no financial obligations. Under the partnership of NIESBUD with Meta, the Meta platforms like Facebook, WhatsApp, and Instagram have provided inputs for participants on Digital Marketing in seven regional languages.

ENTREPRENEURSHIP

       An entrepreneur is an individual who has the capacity and willingness to run a business by knowing the risks to make profits. The process of setting up a business is known as entrepreneurship. It needs a business model, capital coupled with vision, enterprise, and industry. It is an integral aspect of any community, society, and nation to succeed in an ever-changing competitive global marketplace. An entrepreneur must spot opportunities, manage risks, and face challenges. He/she needs to take accountability and responsibility for success or failure.

WHO IS AN ENTREPRENEUR?

  • Is visionary
  • Is an investor(capital or fund)
  • Is a risk-taker
  • Is an Innovator
  • Is future-oriented
  • Is an enterprise creator.

QUALITIES OF AN ENTREPRENEUR

  • CREATIVE THINKING: An entrepreneur must have creative thinking, motivation, conviction, and passion. He/she must be able to analyze the problems and bring proper solutions.
  • LEADERSHIP ABILITY: An entrepreneur should have leadership abilities. So that he splits the works into groups and can finish the work without any conflicts.
  • BUSINESS MANAGEMENT: He/she should possess business management skills. He should protect the organization’s secrets from competitors.
  • COMMUNICATION ABILITY: He/she should have the ability to build connections and networking. Good communication skills always bring a benefit to the entrepreneur. He/she should maintain good relations with customers, partners, and employees.
  • OPPORTUNITY GRABBER: An entrepreneur should be an opportunity grabber.
  • TECHNICAL KNOWLEDGE: An entrepreneur should possess sufficient technical knowledge.

ENTREPRENEURSHIP, INNOVATION, AND IPR

        Entrepreneurship, Innovation, and IP Rights (Intellectual Property Rights) can create sustained impact in the ecosystem. Entrepreneurs should bring innovative ideas to their ventures. Innovative offerings increase the efficiency and productivity of the workforce. It also helps to improve the brand values and increases the profit rate. Entrepreneurs need to be aware of IP rights and policies to benefit from innovative ideas. It helps to protect the business ventures from unjustified infringement claims from other entities.

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMY

       Entrepreneurship is essential for several reasons to include promoting social changes, increasing innovation, increasing employment rates. Entrepreneurs are frequently considered as nation’s assets since they help in the national income of the country. Great entrepreneurs can change the lifestyle on a local and national basis. The standard of living has been increased with the development of entrepreneurship. Entrepreneurs help in increasing the country’s export trade and thereby play an important role in the economic development of a country. New and improved products and services from entrepreneurs boost the national income of the country. In addition to this, it increases the employment rate in that country. Through the invention of new products, entrepreneurs help in improved quality of life and economic freedom. For example, smartphones are used worldwide by more than 5 billion people. Technological entrepreneurship can have a long-lasting impact on the world until the growth of smartphones. Entrepreneurship is innovation and hence helps in providing funds for research and development with several institutions. It also helps in balancing regional development by setting up industries in less developed areas. The growth of business in these areas leads to several developments include transport, health, education, entertainment, etc. Thus the role of entrepreneurs in today’s economy is indispensable.

ROLE OF ENTREPRENEURS IN ECONOMIC DEVELOPMENT

Entrepreneurs who are business leaders look for ideas and puts them into effect in nurturing economic growth and development. They play the most important role in the economic growth and development of Indian economy. An entrepreneur plays a pivotal role not only in the development of industrial sector of a country but also in the development of farm and service sector. The major roles played by an entrepreneur in the economic development of an economy are as follows:

• Promotes Capital Formation- Entrepreneurs promote capital formation by mobilizing the idle savings of our citizens. They employ resources for setting up their enterprises. Such types of entrepreneurial activities lead to value addition and creation of wealth, which is very essential for the industrial and economic development of India.

• Employment Generation- Entrepreneurs provide instant large-scale employment to the unemployed which is an unending problem of India. Small entrepreneurs provide self employment to artisans, technically qualified persons and professionals.

• Entrepreneurs promote development of industries- They help to remove regional disparities by industrializing rural and backward areas. The growth of industries and business in these areas lead to a large number of public benefits like road transport, health, education, entertainment, etc. They help to reduce the problems of congestion, slums and population in cities by providing employment and incomes to them. They help to improve the standard of living in sub-urban and rural areas.

• Reduces Concentration of Economic Power- Industrial development normally leads to concentration of economic power in the hands of a few individuals which results in the growth of monopolies. Entrepreneurs contribute towards the development of society by reducing concentration of income and wealth.

• Wealth Creation and Distribution- It stimulates impartial redistribution of wealth and income in the interest of the country to more people and geographic areas, thus giving benefit to larger sections of the society. Entrepreneurial activities also ensure equitable distribution of income and wealthy by inculcating the spirit of entrepreneurship amongst people thereby providing them self employment with limited resources.

• Increasing GDP and Per Capita Income- Entrepreneurs are always looking out for opportunities. They encourage effective resource mobilization of capital and skill, bring in new products and services and develops markets for growth of the economy. In this way, they help increasing gross national product as well as per capita income of the people in our nation.

• Improvement in the Standard of Living- Entrepreneurs adopt latest innovations in the production of wide variety of goods and services in large scale that too at a lower cost. This enables the people to avail better quality goods at lower prices which results in the improvement of their standard of living.

• Promotes Country’s Export Trade- Entrepreneurs earn valuable foreign exchange through increased exports. They produce goods and services in large scale for the purpose earning huge amount of foreign exchange from export. This ensures economic independence and development.

• Induces Backward and Forward Linkages- Entrepreneurs work in an environment of changing technology and try to maximize profits by innovation. This induces backward and forward linkages which stimulate the process of economic development in the country.

• Facilitates Overall Development- Entrepreneurs act as catalytic agent for change which results in chain reaction. Once an enterprise is established, the process of industrialization is set in motion. This unit will generate demand for various types of units required by it and there will be so many other units which require the output of this unit. This leads to overall development of an area due to increase in demand and setting up of more and more units.