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Complete Details About CBSE Class 11 Commerce Entrepreneurship Introduction

CBSE Class 11 Commerce Entrepreneurship Introduction :  CBSE introduced this combination for the students of class 11th and 12th. CBSE also gave some guidelines for making reports which are available on our website. You will find some sample reports on our website which is completely based on CBSE Syllabus for Entrepreneurship. On our website you will also find topic wise syllabus with marks mentioning on it, so that students will know that how much marks a particular topic contains. Sample papers based on CBSE Entrepreneurship Syllabus, Reports making, CBSE Guidelines, Information about the reference books, Online Assessment of the project and Solved Question Papers is also given on our website.

Complete Details About CBSE Class 11 Commerce Entrepreneurship Introduction

CBSE Class 11 Commerce Entrepreneurship Introduction :  We’ve covered the following chapters from CBSE class 11 entrepreneurship subject. If you are looking for easy notes on CBSE class 11 entrepreneurship, this is the right place.

1. Entrepreneurship Concept and Functions: You can find the notes for the first chapter of CBSE class 11 entrepreneurship in this page. This chapter focuses on imbibing the basic concepts of entrepreneurship to students. They learn the functions, need and importance of entrepreneurship in our society to develop the economy. They get familiar with the various myths associated with entrepreneurship and learn the advantages and disadvantages in entrepreneurship. The chapter concludes with an introduction to the process of entrepreneurship.

2. An Entrepreneur: You can find the notes for the second chapter of CBSE class 11 entrepreneurship in this page. This chapter focuses on introducing the students to different varieties of entrepreneurs, give them a good knowledge of the competencies required by an entrepreneur, teaches them about Ethical entrepreneurship and its importance and necessity for the economy. There is a good introduction about the motivation required by entrepreneurs, the values that they should possess and various attitudes of entrepreneurs. Students should be able to differentiate between an entrepreneur and an employee and learn the importance of intrapreneurship in an enterprise.

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3. Entrepreneurial Journey: You can find the notes for the third chapter of CBSE class 11 entrepreneurship in this page. In this chapter, students learn about the concept of business plan, learn how to identify different personality types for setting up an enterprise, how the family and society plays vital role in the growth of the entrepreneur, find the differences between business plan and feasibility study. Learn about various factors that contribute to the success or failure of an enterprise. They will also be able to learn more about an organization and the activities in a business venture and the direction in which they keep on heading.

4. Entrepreneurship as Innovation and Problem Solving: You can find the notes for the fourth chapter of CBSE class 11 entrepreneurship in this page. This chapters presents the role of entrepreneurs from the angle of problem solvers in the society with an emphasis on the role of innovations in setting up an enterprise. The concept and criticality of the social entrepreneurs is touched upon. Also, the risks associated with setting up an enterprise and the topic of risk management is touched upon, covering both external and internal risks. The role the technology plays on an enterprise is explained. Also, the barriers associated with setting up an enterprise are discusses. The various support structures available for spreading enterpreneurial culture are discussed with key focus on the business incubation.

5. Concept of Market: You can find the notes for the fifth chapter of CBSE class 11 entrepreneurship in this page. This chapter introduces the concept of the market and gives a history of how the markets have shaped up over time. The contemporary concepts of e-business and e-commerce are touched upon and their role in the enterprises is discussed. The micro and macro levels of market are discussed in details. The various tools and techniques used for market research with special emphasis on market survey. The students are introduced to various strategies used by the business for expanding the market and to develop the business. The concepts of trade and commerce are discussed. The marketing mix along with the 4Ps of the market are discussed. The chapter concludes imbibing the students with the concept, role and significance of Price.

6. Business Finance and Arithmetic: You can find the notes for the sixth chapter of CBSE class 11 entrepreneurship in this page. In this chapter, the students learn about the significance and strategies used to build a cash register with special emphasis on understanding the concepts of Cash Inflow and Cash Outflow. The students are introduced to the concept of cost and its associated components like Startup, fixed and variable costs. The concepts of unit cost, unit of sale and unit price are explained. The students learn about how to compute the per unit cost for a single product. The also learn the concepts of profit, how it is computed and how the direct and indirect expenses affect the profit. The students will learn the importance of Income statement and the basics of how it is created. They learn the significance of cashflow projects in running the finances in a business at a smooth pace. An introduction is given to the concept of Break Even Analysis. This chapter concludes giving the students an introduction to the taxes and their significance.

7. Resource Mobilization: You can find the notes for the seventh chapter of CBSE class 11 entrepreneurship in this page. This chapter explains the different types of resources available and how to identify them. How the human resources are selected and how this process works. The importance of a mentor is explained. The fixed and working capital concepts are introduced and various factors that influence the working capital are explained. The students learn about the concepts of capital structure and get an insight into various sources of finance. They learn about the mentor-ship and the importance and role of a mentor. The business and industry classification is introduced. At the end of this chapter the students should be able to grasp the various sources that help an entrepreneur.

Please let us know if you think that we need additional topics to be covered as part of CBSE class 11 entrepreneurship notes.

You can Download here  Complete Details About CBSE Class 11 Commerce Entrepreneurship Introduction In PDF Format 

Complete Details About CBSE Class 11 Commerce Entrepreneurship Introduction

CBSE Class 11 Commerce Entrepreneurship Introduction : Entrepreneurship is the art of starting a business, basically a startup company offering creative product, process or service. We can say that it is an activity full of creativity. An entrepreneur perceives everything as a chance and displays bias in taking decision to exploit the chance.

Important Note – Preparing for XI & XII Commerce?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  

An entrepreneur is a creator or a designer who designs new ideas and business processes according to the market requirements and his/her own passion. To be a successful entrepreneur, it is very important to have managerial skill and strong team building abilities. Leadership attributes are a sign of successful entrepreneurs. Some political economists regard leadership, management ability, and team building skills to be the essential qualities of an entrepreneur.

LEARNING OBJECTIVE

  • Define entrepreneurship within the context of standard activities and organizational support

KEY POINTS

    • Entrepreneurs are innovators, willing to take risks and generate new ideas to create unique and potentially profitable solutions to modern-day problems. Entrepreneurship is not so much a skill as a habitual state of mind.
    • When entrepreneurship describes activities within a firm or large organization, it is referred to as entrepreneurship and may include corporate venturing, when large entities spin off organizations.
    • Entrepreneurship employs what Schumpeter called the gale of creative destruction to replace wholly or partly inferior innovations across markets and industries. This destruction simultaneously creates new products and new business models.
    • Entrepreneurship ranges in scale from solo projects (even involving the part-time entrepreneur) to major undertakings that create many job opportunities.
    • Entrepreneurial activities can be incremental or disruptive. Incremental innovations are a number of small changes that transform process flows while disruptive innovations are entirely new approaches.

TERMS

  • Entrepreneurship The art or science of innovation and risk-taking for profit in business.
  • Entrepreneur A person who organizes and operates a business venture and assumes much of the associated risk.

Complete Details About CBSE Class 11 Commerce Entrepreneurship Introduction

CBSE Class 11 Commerce Entrepreneurship Introduction :  An entrepreneur is a person with a dream, originality and daring, who acts as the boss, who decides as to how the commercial organization shall run, who co-ordinates all activities or other factors of production, who anticipates the future trend of demand and prices of products.

An entrepreneur is one of the important segments of economic growth. Basically he is a person responsible for setting up a business or an enterprise. Infact, he is one who has the initiative, skill for innovation and who looks for high achievements.

He is a catalytic agent of change and works for the good of people. He puts up new green-field projects that create wealth, open up many employment opportunities and leads to the growth of other sectors.

A classic example is that of Mr. Dhirubhai Ambani because he had all the dynamic qualities of a successful entrepreneur, as a result of which today, he was the owner of the largest private company in India. All decisions which he had taken to grow were instinct and no one had taught him to take decisions

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Complete Details About CBSE Class 11 Commerce Entrepreneurship Introduction

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