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GeneralClass 11CBSE

What are the factors that contribute to the creation of an environment conducive to entrepreneurship development?

The major factors that contribute to the creation of an environment conducive to entrepreneurship development are: Globalisations. Availability and fast flow of fund. Technology breakthrough. Revolution in information technology.

GeneralClass 11CBSE

What do we include in sustaining activities?

The sustaining activities include: Facilities for growth and expansion. Diagnostic and consultancy services. Refinancing facility. Legal and policy modification. Deferred repayment interest.

GeneralClass 11CBSE

How Entrepreneurship Development Programs attained a status of National Movement?

A large number of EDPs were carried out as national, regional, local programmes, by governmental, non-governmental and voluntary organisations for various target groups such as educated youth, woman, technically trained youth, professionals and artisans. This massive effort resulted in the establishment of millions of small, medium and micro enterprises all over the country. That is why by 1980s, EDPs attained the status of a national movement.

GeneralClass 11CBSE

What are the methodologies adopted by ‘Entrepreneurship Development Programs’? (4) Ans: The main methodologies adopted are:

Planned intervention through short and long duration EDP training. Organised support services in terms of providing funds, machinery and equipment, scarce raw materials and necessary infrastructure like land / shed power etc. Marketing networking and management. Technology related information and guidance.

GeneralClass 11CBSE

Why a shop-owner is not called an entrepreneur?

A shop owner cannot be called an entrepreneur if he runs his shop without visualising any growth or development of the shop over a period of time. For him, earning monetary gain is the primary driving force. But an entrepreneur is the person who senses the opportunities, innovate products or services, takes the risk, plans and organises production and decides the future course of the enterprise. That is why a shop-owner is not called an entrepreneur.

GeneralClass 11CBSE

What are the necessary values required to be a successful entrepreneur?

An entrepreneur requires: The values that provide goal-direction. The attitudes that endow on him the basic propensity to act. The motivation that accounts for his driving force. The behavioural and personal competencies that transform into entrepreneurial skills.

GeneralClass 11CBSE

What are the activities included in direct intervention in the initial stage of entrepreneurship? (3) Ans: Direct intervention comprises of the following activities:

Stimulatory support. Sustaining activities through training. Support services on traditional EDP pattern.

GeneralClass 11CBSE

How does entrepreneurship differ from income generation? (3) Ans: The differences between entrepreneurship and income generation are as follows:

| Basis | Entrepreneurship | Income generation | | --- | --- | --- | | Objective | It refers to the activity of innovating products and services, planning and organising production and services and their marketing and deciding future of the enterprise. | It refers to activities which are often taken up on part time and are practiced for the purpose of raising additional income. | | Scope | Scope is very intensive. All entrepreneurs are income generating persons. | Scope is very narrow. All in

GeneralClass 11CBSE

State the differences between entrepreneurship and self-employment? (3) Ans: The differences between entrepreneurship and self-employment are as follows:

| Basis | Entrepreneurship | Self-employment | | --- | --- | --- | | Innovation | Involves the task of sensing opportunities and innovating products and services. | Full time involvement in own occupation in which a person may or may not innovate product and service. | | Scope | All entrepreneurs are self-employed. | All self-employed persons may not necessarily be entrepreneurs. | | Stage | It is the terminal stage of entrepreneurial growth. | It is the middle stage of entrepreneurial growth

GeneralClass 11CBSE

What are the main features of ‘Entrepreneurship Environment Development Programme’? (3) Ans: Entrepreneurship Environment Development programme has the following main features:

Removal of constraints affecting entry. Continuity and termination of venture through education. Creating an environment conducive to emergence of entrepreneurship.

GeneralClass 11CBSE

How ‘availability and fast flow of fund’ create an environment conducive to entrepreneurship development?

New financial markets have increased the availability and accessibility of funds in India. Deregulated and globally linked financial institutions, allow flow of venture capital across the national boundaries. This helps in creating an environment conducive to entrepreneurship development.

GeneralClass 11CBSE

State the main features of the strategy of ‘Entrepreneurship Development Programs’. (3) Ans: The strategy of Entrepreneurship Development Programs involved: - Imbibing entrepreneurial quality and motivation. - Developing capacity of sensing, selecting, planning

nd establishing an enterprise. Acquiring ability to successfully manage the enterprise.

GeneralClass 11CBSE

Mention the areas in which entrepreneurship development contributes.

The entrepreneurship development contributes in following major areas: Wealth generation. Value addition. Seeking prosperity.

GeneralClass 11CBSE

‘Entrepreneurship is inextricably linked to innovation and growth’. Explain.

The entrepreneur looks for an opportunity to offer a better product, a better service, a better process and a better programme. The success of economic growth and prosperity depends on the spirit of entrepreneurship and the drive to innovate products or services. It involves accepting new challenges for improvement and innovation. That is why entrepreneurship is inextricably linked to innovation and growth.

GeneralClass 11CBSE

What are the three stages of development of entrepreneurial process?

The three distinct stages of development of entrepreneurial process are as follows: The Project Launching stage. The Project Managing stage. The Project Growth and Development stage.

GeneralClass 11CBSE

Name the two popular strategies evolved by the government for developing entrepreneurship in India.

The two strategies evolved by the government for developing entrepreneurship in India are: Entrepreneurship Development Programme (EDP) Entrepreneurship Environment Development Programme (EEDP)

GeneralClass 11CBSE

Mention the initial efforts taken up after independence by the government of India for entrepreneurship development?

After independence, the initial efforts of entrepreneurship development were on: Employment generation. Poverty reduction.

GeneralClass 11CBSE

What do we need for the purpose of developing entrepreneurship?

In order to develop entrepreneurship, there is a need to arouse entrepreneurial qualities and motivation by being aware. Beside this, there should be a deriving experience through reading and observation.

GeneralClass 11CBSE

Who are called the great entrepreneurs?

The restless individuals who are impatient with regard to the change process are called great entrepreneurs.

GeneralClass 11CBSE

Who are the entrepreneurs?

Entrepreneurs are self-employed and income generating persons.

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