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Karnataka Class 11 Commerce Entrepreneurship Notes For 2017 Exam

Karnataka Class 11 Commerce Entrepreneurship Notes For 2017 Exam

Karnataka Class 11 Commerce Entrepreneurship Notes  :  Karnatak University (Kannada: ಕರ್ನಾಟಕ ವಿಶ್ವವಿದ್ಯಾಲಯ) is a state university located in the city of Dharwad in the state of Karnataka in India. It was established in October 1949, and officially inaugurated in March 1950. The campus spans 750 acres (3 km²). D. C. Pavate was the first official vice-chancellor from 1954 to 1967. The rapid development of the institution is credited to him.

The university was recognized with the “Potential for Excellence” by the University Grants Commission. The university is the second oldest university in the state of Karnataka after the University of Mysore. The Karnatak university once used to serve most of the Karnataka region including Dharwad, Belagavi, Uttara Kannada, Bijapur, Gulbarga, Raichur, Bidar and Bellary. until the 1980s (Manipal Institute of Technology and the Kasturba Medical College of Manipal were affiliated with Karnatak University at Dharwad and all degrees were awarded by Karnatak University in between the years from 1953 to 1965)

The bifurcation of districts and establishment of new universities in this region has reduced the affiliation coverage of Karnatak university to the present day districts of Dharwad, Uttara Kannada, Haveri and Gadag.

Karnataka Class 11 Commerce Entrepreneurship Notes For 2017 Exam

Karnataka Class 11 Commerce Entrepreneurship Notes  :  Students who have completed the PUC in the science stream can enroll in specialist degree courses in nursing, pharmacy, agriculture, engineering or medicine. They can also enroll for a pure-sciences B.Sc.. Admission to these courses depends upon marks scored in PUC exams conducted by the institutes or by the state board.

Students who succeed in the commerce stream may enroll in a graduate Bachelor of Commerce or Bachelor of Business Management degree program at an Indian university.

Those who have passed the arts-stream PUC can opt to study for a Bachelor of Arts (B.A) or Diploma in Education (DEd), Bachelor of Social Work (BSW), or may be admitted to vocational programs in fashion design — offered by the National Institute of Fashion Design (NIFT) — or apparel and knitwear manufacturing.

Karnataka Class 11 Commerce Entrepreneurship Notes For 2017 Exam

Karnataka Class 11 Commerce Entrepreneurship Notes  : The pre-university course or pre-degree course, popularly abbreviated to PUC or PDC, is an intermediate course (which is known as 10+2) of two years’ duration, conducted by state education institutions or boards in India. This pre-university course is also known as the Plus-two or Intermediate course. A person desiring admission to an Indian university must pass this course, which can be considered as a degree bridge course to prepare students for university education.

Admission to this course is based on marks obtained for the Secondary School Leaving Certificate, awarded after successful completion of five years of primary school, followed by five years of secondary school. The Indian education system follows a 10+2+3 (4 or 5) pattern, so that a Bachelor’s degree requires a minimum of 10 years of school, plus two years of PUC, plus either three, four or five years at university. Colleges offering a pre-university course are known as PU Colleges or Junior colleges in India.

For example, the state of Karnataka conducts examinations at the end of the second year of the PUC for university admissions. This has three program streams with options focusing on science, commerce and arts, respectively. Students desiring to study professional programs in Karnataka must pass the science stream of this exam and qualify through the Common Entrance Test of the state. Recently, the Karnataka PUC Board made the first-year PUC exams public, to filter out low-scoring students and improve overall average scores. Only about 40% of students usually pass the exam, and only about 1.5% score above 85% overall.

Karnataka Class 11 Commerce Entrepreneurship Notes For 2017 Exam

Karnataka Class 11 Commerce Entrepreneurship Notes  :  This Subject  develops an awareness of the state of entrepreneurship in Karnataka University.  Students are introduced to elements of successful entrepreneurship, opportunity identification and assessment, economic development potential of small business in Canada, alternative forms of work arrangements in the new economy balancing an entrepreneurial lifestyle, determining what success means to each student, goal setting and visioning. The goal of this course is to introduce first year Bachelor of Applied Business and Entrepreneurship Degree students to the state of entrepreneurship in Canada, providing insight into:

1) the significance of entrepreneurship in Canada,

2) entrepreneurial processes – from finding and evaluating good business opportunities to new venture start-up and growth issues, and

3) entrepreneurial behaviour, a critical success factor in new venture creation. Students will learn key entrepreneurial concepts through lecture material, experiential learning, videos and interaction with successful entrepreneurs

Karnataka Class 11 Commerce Entrepreneurship Notes For 2017 Exam

Karnataka Class 11 Commerce Entrepreneurship Notes  : “Entrepreneur” redirects here. For the magazine, see Entrepreneur (magazine). For the racehorse, see Entrepreneur (horse). For the film, see The Entrepreneur. “Co-founder” redirects here. For someone who cultivates a startup, see Startup company § Co-founders. Finnish entrepreneur Armi Ratia (1912–1979), founder of the Marimekko textile and home decorating company.

Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire. The people who create these businesses are called ‘entrepreneurs’.  It has been defined as the “…capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit”.

While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of businesses have to close, due to “…lack of funding, bad business decisions, an economic crisis – or a combination of all of these” or due to lack of market demand. In the 2000s, the definition of “entrepreneurship” expanded to explain how and why some individuals (or teams) identify opportunities, evaluate them as viable, and then decide to exploit them, whereas others do not, and, in turn, how entrepreneurs use these opportunities to develop new products or services, launch new firms or even new industries and create wealth.

Recent advances stress the fundamentally uncertain nature of the entrepreneurial process, because although opportunities exist their existence cannot be discovered or identified prior to their actualization into profits. What appears as a real opportunity ex ante might actually be a non-opportunity or one that cannot be actualized by entrepreneurs lacking the necessary business skills, financial or social capital.

Karnataka Class 11 Commerce Entrepreneurship Notes For 2017 Exam

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

1. Entrepreneurship Concept and Functions:

You can find the notes for the first chapter of Karnataka University  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 Karnataka University 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 entrepreneurship in an enterprise.

3. Entrepreneurial Journey:

You can find the notes for the third chapter of Karnataka University   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 Karnataka University   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 critical 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 entrepreneurial culture are discussed with key focus on the business incubation.

5. Concept of Market:

You can find the notes for the fifth chapter of Karnataka University   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 Karnataka University   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 cash flow 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 Karnataka University   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 Karnataka University   class 11 entrepreneurship notes.

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