Energy security is critical for a growing economy. This growing demand for energy also triggers new energy- related business opportunities.
ISED has initiated several programs including research, dissemination activities, and training interventions in the area of alternative energy sources and their related business opportunities. The Institute has initiated several studies on energy. Energy use in fisheries and small manufacturing are two key areas.
ISED has initiated studies on the Asian experience of renewable energy entrepreneurship, but with special focus on Bangladesh and India.
GENDER AND ENTERPRISE
Gender mainstreaming is an important global agenda today. From the strategy point of view, the major initiatives in the area are focused on economic empowerment.
ISED's interest and thrust on economic empowerment in the gender context relates to the 'Gender and Enterprise' sub theme. The Institute believes that, unless the creativity, motivation, and entrepreneurial spirit are nurtured effectively, gender mainstreaming is not likely to achieve the intended purpose.
ISED extends advisory services and technical support to governments and promotional agencies in the subject area.
In the agenda of enterprise development and employment promotion, the role of institutions is critical. While the government can put forward the policy guidelines and strategy approaches, there is a critical need for appropriate institutions to take them forward.
In most developing countries, however, institutions often lack the necessary capabilities or vision to have an integrated approach and strategies appropriate to the context.
ISED, in partnership with the British Executive Service Overseas (BESO), has initiated several programs in Institution Development in various parts of India.
LABOUR MARKET ANALYSIS AND POLICY
In most developing countries , employment promotion is a policy thrust. However, the strategies for employment promotion often are not discrete. While the strategies need to be distinct for both wage employment and self employment, governments often go after a blanket policy. ISED has expertise in policy analysis and advisory services on the labour market.
LIVELIHOOD DEVELOPMENT STRATEGIES
Livelihoods is a vast area of policy and practice having different dimensions. However, the unifying force in the perspective of the economist is the sustainability angle.
ISED has its contribution both on the theoretical aspects as well as the practice of enterprise development ,with special focus on the weaker sections of society who aspire for new livelihood opportunities. On the theoretical side, the Institute has taken the lead in initiating a debate on the entrepreneurship element embedded in craft traditions, with special focus on the bamboo sub sector. The debate caught international attention , in which the partners included the University of East Anglia and the International Network on Bamboo and Ruttan(INBAR) , China.
The ISED contribution on the theoretical side , was further taken forward by the Institute. The conceptual framework of 'Bamboo Village Network (BVN)', caught the attention of the global productivity movement. As a follow up, the Institute was honoured with the Oshikawa International Award by the Asian Productivity Organisation(APO),Tokyo .
At the national level, the Institute's contribution in the subject area need to be discussed in relation to two major initiatives : 1) strategy development for identification for Activity Clusters under the SGSY Program of the Ministry of Rural Development, Government of India. 2) Conceptualisation of cluster approach for craft development. The initiative of the Institute was supported and taken forward by the Ministry of Textiles, Government of India.
Migration is the most remarkable features of globalisation .The fragmentation of production, as also the features of global location of capabilities, facilitates and necessitaires migration.
While migration offers new and significant opportunities to the individuals , it is often a cost to the immigrant economy. The entrepreneurial base of these economies are prone to constant threat, based on erosion of skills and drain of achievement motivation.
ISED, jointly with the International Labour Organisation, has experimented a program in this area.
The Institute is able to provide advisory services to governments and entrepreneurship development agencies in the immigrant economy.
NEW ECONOMY AND ICT
Globally, 'New economy' is the emerging reality. Information and communication technologies have revolutionised both the thinking and practice of individuals. In the market, it gets reflected through the demand for several new goods and services, on the one hand, and decline of old goods and services, on the other. For development policy and practice relating to enterprise development , this has important implications.
ISED has the expertise in analysis and advisory services relating to enterprise development in the 'new economy' context.
Public policy, in simple terms, is defined as the actions and the non actions of the government. Both the action and the lack of action, are based on the knowledge base that supports government's decisions. This is the rationale behind advocacy initiatives.
ISED, based on its studies, knowledge systems, and interaction with various stakeholders, is able to provide both advisory services and policy studies. The institute has special capability in the area of public policy studies and advisory services, at the global , national, regional, and local levels .
PRIVATE SECTOR DEVELOPMENT
In the modern world, the private sector is a major source of employment and incomes. Therefore, private sector development, at various levels, is crucial for achieving accelerated economic development.
ISED has the relevant capabilities relating to private sector development in developing countries. This also includes subsectoral studies and strategies. The Institute has undertaken such studies in countries like Bangladesh, Indonesia, UK and the Netherlands.
PUBLIC GOVERNANCE AND INDUSTRIALISATION
The era of government-directed industrialisation has practically vanished in most parts of world. The government's role in enterprise development today is essentially in its role as a facilitator. However, in order to perform the role of a facilitator, there need to be some basic capabilities, systems, and knowledge base.
At the ISED, the 'Small Enterprise Observatory' has expertise in continuous monitoring of the systems and processes which, in turn, are important in making an assessment of the quality of governance.
'Responsible Business', which has often been described in a limited way as 'corporate social responsibility', is a major theme of development policy and practise in the modern world. Globalisation of business implies that, at various stages of the global value chain, business practices become crucial and mandatory. It is now globally accepted that not only the profits earned, but also the way it is earned, is crucial in taking market decisions.
ISED has significant expertise in the subject area, both in terms of research capabilities and practice.
The growth of the services sector is crucial and remarkable in many parts of the world today. Many countries, including India, have specialised promotional and financial institutions that cater to rural development. However, considering the fact that hardcore manufacture often tend to concentrate in the urban areas, the objective of local economic development and employment promotion in the rural areas can best be achieved through the promotion of rural services.
Shaping of policy and evolving strategies, however, demand indepth analysis and advisory support. ISED has expertise in these areas.
SKILL DEVELOPMENT AND ENTREPRENEURSHIP
Both skill development and entrepreneurship are important complementary and emerging areas at the global level. Skill development is a specialised area in India where a large number of initiative are underway. ISED has undertaken several studies in the subject area. It has also advisory role with the Asian Development Bank(ADB) and various other agencies in the subject area.
Entrepreneurship development is a subject of both academic expertise and practice for the Institute. Besides modelling entrepreneurship development programs, the Institute has, hands-on experience in the subject area.
SME CLUSTER DEVELOPMENT
In the modern industrialisation strategies, the focus is on reaping the benefits of collective efficiency, rather than on enhancing the capability and efficiency of individual entrepreneurs and enterprises.
Industrial cluster development has emerged as an important strategy, with its own specified tools and techniques. The participants of such a strategy today are, Nodal Agencies, Technical Agencies, and Implementing Agencies etc. The steps involved are varied. On the strategy front, all these are aimed at enhancing the dynamics and capabilities of industrial clusters and associations.
Having expertise in many of these areas, ISED is able to provide both advisory and action support for cluster development.
SME financing is a critical theme area for the Institute. It goes to the credit of the Institute to have a variety of programs and initiatives that focus on financing policies, strategies, product development.
In the changing global environment, the role of social enterprises has been defined in relation to two aspects: i) the responsible business angle; and ii) the embedded business opportunity angle. In many countries,as also in India, the structure of demand for new goods and services have changed radically. Many new goods and services have come up into the consumption basket of the common man, obviously, with their dominant social character. The Institute has come out with several policy studies, and have suggested strategic approaches in the context of local economic development, where the role of social enterprises come to the fore in a significant way.
SUB SECTOR ANALYSIS AND POLICY
In the emerging global scene of business, 'sub sector analysis' and policy have their crucial role. The Institute has special capabilities and experience in sub sector analysis from a policy angle. Besides, the Institute's specialised platform, the 'ISED Small Enterprise Observatory' , is a store house of such knowledge base.