SHREEYASH PRATISHTHAN’S
SHREEYASH COLLEGE OF ENGINEERING AND TECHNOLOGY
(POLYTECHNIC), CHH. SAMBHAJINAGAR
MICRO-PROJECT REPORT
NAME OF DEPARTMENT:- ARTIFICIAL INTELLIGENCE ANDMACHINE
LEARNING
ACADEMIC YEAR:- 2024-25
SEMESTER:- 6TH
COURSE NAME:- ENTERPRENURSHIP DEVELOPEMENT
COURSE CODE: 22032
MICRO-PROJECT TITLE:- HOW SOCIAL ENTERPRENEUESHIP IS CREATING NEW
BUSSINESS OPPORTUNITES
PREPARED BY:-
1) MAYURI MORE [Link]. 2210920394
UNDER THE GUIDANCE OF :- Prof.. KHAN S.S
MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION,
MUMBAI
CERTIFICATE
This is to certify that Mr./ Ms Mayuri Yogesh More of 6th Semester of Diploma in
Artificial Intelligence and Machine Learning of Institute Shreeyash College Of
Engineering And Technology (polytechnic) has successfully completed Micro-Project
Work in Course of Enterprenurship Developement for the academic year 2024-25 as
prescribed in the I-Scheme Curriculum.
Date:- Enrollment No:- 2210920394
Place:- [Link] Exam Seat No.:-463802
Signatur Signature Signature
Guide HOD Principal
ACKNOWLEDGEMENT
We wish to express our profound gratitude to our guide Prof. Khan [Link]
guided us endlessly in framing and completion of Micro-Project. He / She guided us on
all the main points in that Micro- Project. We are indebted to his / her constant
encouragement, cooperation andhelp. It was his / her enthusiastic support that helped us
in overcoming of various obstacles in the Micro-Project.
We are also thankful to our Principal, HOD, Faculty Membersand
classmates for extending their support and motivation in the completion of this Micro-
Project.
1) MAYURI MORE [Link]. 2210920394
Micro-Project Proposal
Title of Micro-Project:- :- The Role Of Artifical Intelligencies In New Bussiness
Opportunities
Aims/Benefits of the Micro-Project
Social entrepreneurship is the process of identifying, starting, and managing a business
venture that aims to solve social, cultural, or environmental problems while also being
financially sustainable.
It combines the passion for social mission with the discipline, innovation, and determination
of business practices.
Benefits:
Increases awareness of social entrepreneurship.
Highlights new and innovative business opportunities.
Encourages creative and solution-based thinking.
Promotes ethical, sustainable business practices.
Enhances research, analysis, and presentation skills.
Course Outcomes Addressed:-
1. Develop Comprehensive Buisness Plans
2. Prepare Plans To Manage The Enterprise Effectively
3. Use The Support System To Zero Down To Your Buisness
Proposed Methodology:-
Risk Identification:
Conduct a thorough assessment to identify potential internal and external risks
(financial, operational, regulatory, market, environmental).
Risk Assessment and Prioritization:
Evaluatethe likelihood and potential impact of identified risks. Prioritize risks based
on severity and probability.
Risk Mitigation Strategies:
Develop strategies
to prevent or minimize high-priority risks, such as creating
policies, implementing controls, or diversifying operations.
Crisis Management Planning:
Create a crisis response plan that
includes communication protocols, decision-making
processes, and key personnel roles during emergencies.
Crisis Simulation and Testing:
Regularly conduct crisissimulations to test the effectiveness of the response plan and
ensure readiness for real-life crises.
Monitoring and Early Detection:
Implement ongoing monitoring systems to detect emerging risks early, using tools like
risk dashboards or data analytics.
Response and Recovery:
Execute thecrisis response plan swiftly to manage and mitigate the impact. Focus on
business continuity and recovery measures to resume normal operations.
Post-Crisis Evaluation:
After the
crisis, evaluate the effectiveness of the response and update the risk
management strategies and plans based on lessons learned.
Micro-Project Report
Title Of Micro-Project:- :- The Role Of Artifical Intelligencies In New Bussiness
Opportunities
Rationale :
This micro-project was undertaken to explore how social entrepreneurs are not only solving
pressing problems—like poverty, unemployment, lack of education, and environmental
degradation—but are also creating new, sustainable business opportunities in the process.
Through this study, we aim to understand the importance of purpose-driven
entrepreneurship, and how it can lead to long-lasting impact and inclusive growth.
Aims/Benefits of the Micro-Project:-
Social entrepreneurship is the process of identifying, starting, and managing a business venture
that aims to solve social, cultural, or environmental problems while also being financially
sustainable.
It combines the passion for social mission with the discipline, innovation, and determination of
business practices.
Benefits:
Increases awareness of social entrepreneurship.
Highlights new and innovative business opportunities.
Encourages creative and solution-based thinking.
Promotes ethical, sustainable business practices.
Enhances research, analysis, and presentation skills.
Course Outcomes Achieved:-
1. Develop Comprehensive Buisness Plans
2. Prepare Plans To Manage The Enterprise Effectively
3. Use The Support System To Zero Down To Your Buisnes
Action Plan :-
Name of
Sr. Planne Planne Responsible
Details of activity
No. Week d d Team
Start Finish Members
date date
1 1 &2 Discussion & Finalization of 02/03/25 05/03/25 Self
Topic
2 3 Preparation of the Abstract 05/03/25 06/03/25 Self
3 4 Literature Review 06/03/25 08/03/25 Self
4 5 Submission of Microproject 09/03/25 10/03/25 Self
Proposal ( Annexure-I)
5 6 Collection of information about 11/03/25 13/03/25 Self
Topic
6 7 Collection of relevant content / 14/03/25 16/03/25 Self
materials for the execution of
Microproject.
7 8 Discussion and submission of 17/03/25 19/03/25 Self
outline of the Microproject.
8 9 Analysis / execution of 20/03/25 25/03/25 self
Collected data / information
and preparation of Prototypes /
drawings / photos / charts /
graphs / tables / circuits /
Models
/ programs etc.
9 10 Completion of Contents of 26/03/25 30/03/25 Self
Project Report
10 11 Completion of Weeklyprogress 01/04/25 05/04/25 Self
Report
11 12 Completion of Project Report ( 06/04/25 10/04/25 Self
Annexure-II)
12 13 Viva voce / Deliveryof self
Presentation
Actual Resources Used :
sr. Name of Specificati Qt Remark
No. Resource/material ons y s
1 Windows 10 8 GB Computer 1
RAM core i5
2 Wikipedia Internet 1
3 EDE Websites 1
Literature Review:-
Risk Management
Risk management is a proactive approach to identifying, assessing, and mitigating
potential risks before they occur. It helps organizations understand the threats they face
and take necessary measures to reduce their impact. The process typically includes the
following stages:
1. Risk Identification – Recognizing potential risks from internal and external
sources, such as financial instability, regulatory changes, natural disasters, and
cybersecurity threats.
2. Risk Mitigation – Implementing strategies to minimize or eliminate risks, which
may include creating contingency plans, diversifying investments, or upgrading
security measures.
3. Risk Monitoring – Continuously tracking risks to ensure the organization is
prepared to respond effectively to new challenges.
Crisis Handling
Crisis handling, in contrast, refers to the actions taken when an unexpected event disrupts
the normal operations of a business. Unlike risk management, which is anticipatory, crisis
handling involves reacting to an event that has already occurred. The main goals are to
minimize damage, protect the organization’s reputation, and return to normal operations
as quickly as possible.
Key elements of crisis handling include:
1. Crisis Communication – Transparent and timely communication with
stakeholders, including employees, customers, investors, and the public, to prevent
misinformation and panic.
2. Leadership and Decision-Making – Strong leadership is crucial in times of crisis.
Leaders must make quick, informed decisions, often with limited information.
3. Crisis Response Plan – A pre-established, detailed plan that outlines steps to
follow during a crisis, including resource allocation, response protocols, and roles
and responsibilities.
4. Recovery and Business Continuity – Once the immediate crisis is handled, the
focus shifts to recovery and ensuring the business can continue operating without
significant long-term effects.
Integration of Risk Management and Crisis Handling
While risk management focuses on identifying and mitigating risks beforehand, crisis
handling focuses on the response after a crisis unfolds. The integration of both is essential
for organizational resilience. Organizations that excel in risk management are better
equipped to anticipate crises and are more proactive in developing comprehensive crisis
management strategies.
Actual Methodology :
The methodology for studying risk management and crisis handling typically
involves:
1. Research Design: Using descriptive or exploratory approaches, combining
qualitative (interviews, case studies) and quantitative (surveys, statistical
analysis) methods to understand risk management and crisis response.
2. Data Collection:
o Primary Data: Interviews and surveys with risk managers, employees,
and stakeholders.
o Secondary Data: Reviewing literature, industry reports, and case
studies.
3. Case Study Analysis: Examining real-world examples of businesses handling
risks and crises, identifying patterns in leadership, decisions, and
communication.
4. Risk Assessment Frameworks: Using tools like SWOT analysis, risk
matrices, and FMEA to evaluate risks.
5. Crisis Management Frameworks: Analyzing crisis communication, decision-
making, and business continuity plans.
6. Data Analysis: Analyzing qualitative data through coding and quantitative
data using statistical methods to identify key trends.
7. Cross-Industry Comparison: Comparing practices across different industries
to understand variations in crisis management and risk mitigation.
8. Evaluation of Outcomes: Assessing the impact on financial performance,
reputation, and long-term sustainability.
9. Recommendations: Providing actionable suggestions for improving risk
management and crisis response strategies.
Actual Resources Used :
sr. Name of Specificati Qt Remark
No. Resource/material ons y s
1 Windows 10 8 GB Computer 1
RAM core i5
2 Wikipedia Internet 1
3 EDE Websites 1
Outputs of the Micro-Projects:
1. Risk Assessment Reports:
o Detailed documentation of identified risks, their likelihood, impact, and
prioritization.
o Visual aids like risk matrices or heat maps that categorize risks based on
severity.
2. Crisis Management Plans:
o Comprehensive plans outlining protocols, roles, and communication
strategies during a crisis.
o Step-by-step actions for different types of crises (e.g., financial, operational,
or reputational).
3. Business Continuity Plans (BCP):
o A roadmap to ensure the organization can continue critical operations during
and after a crisis.
o Recovery strategies, resource allocation, and emergency procedures.
4. Crisis Communication Frameworks:
o Templates for internal and external communication during a crisis.
o Pre-prepared statements and action plans for dealing with stakeholders,
including customers, investors, and the public.
5. Risk Mitigation Strategies:
o Actionable recommendations for reducing the probability or impact of
identified risks.
o Proposals for policy changes, risk transfer mechanisms, or technology
solutions.
6. Case Studies and Lessons Learned:
o Documentation of real or hypothetical case studies illustrating risk
management failures or successes.
o Insights and recommendations based on previous crisis management
experiences.
7. Training Materials:
o Educational content (presentations, workshops, simulations) designed to
train employees on risk management and crisis response procedures.
o Interactive training tools like crisis simulation exercises to test response
strategies.
8. Performance Metrics and Evaluation Tools:
o Key Performance Indicators (KPIs) for measuring the effectiveness of risk
management and crisis handling.
o Dashboards or reporting tools to track ongoing risk mitigation activities and
crisis response efficiency.
9. Final Project Report:
o A comprehensive summary of the project’s goals, methods, findings, and
recommendations for improving risk management and crisis response in the
organization.
Applications Of Microproject:
1. Integrates into educational curriculums on social entrepreneurship.
2. Inspires youth to explore social entrepreneurship as a career.
3. Provides insights for policy-makers to support social enterprises.
4. Serves as a case study for incubators and startups.
5. Can be applied in community-driven business models.
6. Forms the basis for future research on social entrepreneurship.
7. Helps in developing corporate social responsibility (CSR) strategies.
Skill Developed/Learning outcome of this Micro-Project:
1. Enhanced research and analysis skills.
2. Developed critical thinking and problem-solving abilities.
3. Improved written and oral communication skills.
4. Strengthened analytical thinking through case studies.
5. Gained presentation skills for clear data sharing.
6. Developed an entrepreneurial mindset focused on social impact.
7. Learned about ethical and sustainable business practices.
Conclusion
Social entrepreneurship is transforming the way business is done by integrating social impact with
financial sustainability. By addressing pressing societal challenges like poverty, education, and
environmental degradation, social entrepreneurs are creating innovative solutions that not only solve
problems but also generate new business opportunities. These enterprises are introducing new markets,
sustainable business models, and inclusive growth while attracting a new wave of investors focused on
impact rather than just profit.
Through the analysis of real-world examples and case studies, it is evident that social entrepreneurship
is driving positive change in communities while also building thriving, purpose-driven businesses. The
continued rise of social enterprises shows that businesses with a focus on societal value can be both
profitable and impactful, ultimately creating long-term benefits for the economy and the world.
Reference:
[Link]
[Link]
[Link]
MICRO-PROJECT EVOLUTION SHEET
Name of Student:- Mayuei Yogesh More En. No:- 2210920394
Name of Program:-Artificial Intelligence And Machine Learning Semester:- 6th
Course Name:-Enterprenurship Development EDE Course Code: 22032
Title of The Micro-Project:- :- The Role Of Artifical Intelligencies In New Bussiness Opportunities
Course Outcomes Achieved:-
1. Develop Comprehensive Buisness Plans
2. Prepare Plans To Manage The Enterprise Effectively
3. Use The Support System To Zero Down To Your Buisness
Sr. Characteristic to be Poor Average Good Excellent Sub
No. assessed (Marks1-3) (Marks4-5) (Marks 6-8) (Marks9-10) Tota
(A) Process and Product Assessment (Convert Below total marks out of 6Marks)
1 Relevance to the course
2 Literature
Review/information
collection
3 Completion of the Target
as Per project proposal
4 Analysis of Data and
representation
5 Quality of Prototype/Model
6 Report Preparation
(B) Individual Presentation/Viva(Convert Below total marks out of 4Marks)
7 Presentation
8 Viva
(A) (B)
Process and Product Individual Presentation/ Total Marks
Assessment (6 marks) Viva (4 marks) 10
Comments/Suggestions about team work/leadership/inter-personal communication (if any)
Name of Course Teacher: Prof.. KHAN S.S
Dated Signature:-
