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721 answers across CBSE, ICSE, and State boards - Class 1 to 12, every subject.

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GeneralClass 11CBSE

‘Entrepreneurs have a quest for outstanding performance’. Explain.

Success of an entrepreneur depends upon the disciplined exploitation of resources. Entrepreneurs are motivated and stimulated by challenges. They value performance of high order. They set certain standards for excellence and deals with unexpected consequences with confidence. Thus, an entrepreneur, due to his quest for excellence, is able to solve problems under pressure.

GeneralClass 11CBSE

Mention six main actions of entrepreneur reflecting innovativeness.

Actions of entrepreneur reflecting innovativeness are: Experimenting with new idea Enjoying change Facing uncertainty to try new ideas Demonstrating originality Finding problems to solve Providing critical inputs for new idea

GeneralClass 11CBSE

What do you mean by the entrepreneurial value ‘Respect for work’?

The entrepreneurial culture respects and values work. Hard work is the key for success. It provides goal direction which encourages entrepreneurs to pursue a path of hard work with more incentives and rewards. Thus, hard work and respect for work constitutes an important value for all entrepreneurs.

GeneralClass 11CBSE

‘Entrepreneurs derive great satisfaction in their sense of ownership’. Explain.

Commitment, sense of complete identification and sincere hard work to achieve their mission are the basic requirements for ownership. By being independent entrepreneurs have the feeling of achievement and satisfaction.

GeneralClass 11CBSE

‘Entrepreneur likes to be the master of his own destiny.’ Explain.

Entrepreneurs have the propensity to act in an atmosphere of freedom. They cannot work under anyone. They are their own master. They have confidence and courage to innovate with the quality of self reliance. That is why it is true to say that entrepreneur likes to be the master of his own destiny.

GeneralClass 11CBSE

Mention four values found to be prominent among entrepreneurs.

Four values found to be prominent among entrepreneurs are: Innovativeness and creativity Independence or ownership Quest for outstanding performance or achievement Respect for work

GeneralClass 11CBSE

How do entrepreneurs contribute towards the economic development in the country?

Countries having more entrepreneurs are more advanced than the countries having fewer entrepreneurs. Entrepreneurs contribute to the economy by generating employment opportunities which in turn harness the available human resource.

GeneralClass 11CBSE

What is the action plan for significant entrepreneurial ventures?

A very strong and positive ego drive is involved in the action plan of all significant entrepreneurial ventures. With this, the entrepreneur develops a mission concept driving them to achieve their goal with a clear vision.

GeneralClass 11CBSE

Mention important areas of innovations done by entrepreneurs.

Important areas of innovations are as follows: New product New methods of production New use for a product or service New way of integrating several uses in one product

GeneralClass 11CBSE

Mention two basic entrepreneurial qualities.

Two basic entrepreneurial qualities are: i) Motivation and emotion ii) Determination and perseverance

GeneralClass 11CBSE

What are the two important features of entrepreneurial career?

Two important features of entrepreneurial career are: i) They generate wealth. ii) They provide employment.

GeneralClass 11CBSE

How education about entrepreneurship can play a significant role?

Education about entrepreneurship can play a significant role by motivating young people to become dynamic wealth and employment creators.

GeneralClass 11CBSE

How a person develops core values?

A person develops certain core values as a result of an active interaction between the entrepreneurial factors, the personality factors and action factors.

GeneralClass 11CBSE

What is meant by innovativeness?

Innovativeness is the ability to make the new idea work into practice.

GeneralClass 11CBSE

What is meant by the term creativity?

Creativity is the ability to see new ways of doing things.

GeneralClass 11CBSE

How entrepreneurs are able to initiate a change?

Through their ability to spot an opportunity, entrepreneurs are able to initiate a change.

GeneralClass 11CBSE

How values are helpful to human beings?

Values provide direction in our life and help us achieve our potential.

GeneralClass 11CBSE

What is recognised as entrepreneurial values?

Entrepreneurial qualities are recognised as entrepreneurial values.

GeneralClass 11CBSE

What provides the entrepreneur the driving force to act?

Behaviour provides the entrepreneur the driving force to act.

GeneralClass 11CBSE

What is an important aspect of entrepreneurial personality?

Behaviour is an important aspect of entrepreneurial personality.

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