An Empirical Study of Efficacy of International Executive Development Programmes of NI-MSME

Abstract

National Institute for Micro, Small and Medium Enterprises (NI-MSME) is an organization of the Ministry of Micro, Small and Medium Enterprises, Government of India. NI-MSME operates with the objective of value addition to micro, small and medium enterprises (MSMEs) through training, research, consultancy, extension and solution providing services. Its role encompasses every facet of organization building from the formulation, implementation of policies and strategies needed to provide consultancy assistance in key areas of MSMEs, integrating the development of all sectors of the economy. NI-MSME promotes entrepreneurship and has extended beyond the Indian shores touching almost all the developing economies around the world. It has been widely acclaimed as the pivotal organization to bring together participants from abroad for training in various facades of enterprise development. The Institute's programs are refined from time to time taking into account the progress and potential of the developing world, which is keen to achieve faster rates of economic growth. The paper orients at ascertaining the efficacy of the International executive development programs organized in the year 2014, structured for various professionals in the developing countries and sponsored by the Ministry of External Affairs, Government of India. The respondents include public sector employees, IAS officers, IES officers, young engineers and industrialists from the state of Kerala. The aspirations of the trainees were recorded through a questionnaire distributed to the trainees. The paper orients at making major recommendations for the future programs of NI-SME to improve the efficacy of the programmes by identifying the preferred industry for small and medium entrepreneurial ventures with the help of a structured questionnaire and envisages the creation of support systems required for skill development of those aspiring to set up a SME. An independent Sample T Test is done to identify whether there is a significant difference in the Trainers' opinion and the trainees' opinion about the required domain knowledge. A significant difference in the opinion suggests a pertinent need for an awareness campaign on the importance of International executive development programmes organized by National Institute for Micro, Small and Medium Enterprises. The sample was selected on the basis of Purposive sampling. The efficacy of the current executive development programs with reference to time span for which the executive development