Fundamentals of Entrepreneurship · Class 11 Commerce
Ch 4Developing Entrepreneurial Competencies — Class 11 Fundamentals of Entrepreneurship, concept-first.
A very natural question runs through the whole study of entrepreneurship: are entrepreneurs born, or can they be made? For a long time people believed that a successful entrepreneur was simply born with some rare, mysterious quality that ordinary people could never acquire.
Key concepts
Hover a concept to preview it and jump to its most relevant Q&A.
Meaning of Entrepreneurial Competency
A competency is an underlying characteristic of a person — a combination of knowledge, skill, motive, trait, self-image and attitude — that leads to effective or superior performance and shows up as observable behaviour…
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Overview
A very natural question runs through the whole study of entrepreneurship: are entrepreneurs born, or can they be made? For a long time people believed that a successful entrepreneur was simply born wi…
Meaning of Entrepreneurial Competency
What a competency is. In ordinary language a competency is the ability to do a job well. More precisely, a competency is an underlying characteristic of a person that leads to effective or superior pe…
Major Entrepreneurial Competencies
Research into what successful entrepreneurs actually do — rather than what they are supposed to be — has identified a fairly consistent set of competencies.
Need for Developing Entrepreneurial Competencies
If entrepreneurial competencies can be developed, the next question is why bother developing them deliberately — why not simply leave people to pick them up on their own? The answer is that deliberate…
Entrepreneurship Development Programme (EDP) — Meaning, Needs and Objectives
Meaning of EDP. An Entrepreneurship Development Programme (EDP) is a planned, organised programme designed to develop entrepreneurial competencies in a person and to help that person set up and run an…
Major Institutions Conducting EDPs in India
Entrepreneurship development in India is carried on by a large network of institutions working at the national, state and district levels.
More questions
11 Q+−Show 4 questionsHide questions4 questions
- Q1An entrepreneurial competency is best described as: (a) A rare inborn gift that cannot be acquired (b) An underlying characteristic — knowle…Free
- Q2'Doing things before being asked or forced to by circumstances' describes which entrepreneurial competency? (a) Persistence (b) Initiative (…Free
- Q3An Entrepreneurship Development Programme (EDP) is: (a) A one-day motivational lecture (b) A scheme to give loans without any training (c) A…Preview
- Q4Which national institute, located at Noida, designs training material and conducts training of trainers for entrepreneurship programmes? (a)…Preview
+−Show 4 questionsHide questions4 questions
- Q5What is meant by an 'entrepreneurial competency'? Why is it said that such competencies can be developed?Free
- Q6Name the three clusters of entrepreneurial competencies and give two competencies under each.Free
- Q7State any four objectives of an Entrepreneurship Development Programme (EDP).Preview
- Q8Distinguish between the role of NIESBUD and that of a District Industries Centre (DIC) in entrepreneurship development.Preview
+−Show 3 questionsHide questions3 questions
- Q9Explain the need for developing entrepreneurial competencies from the point of view of both the individual entrepreneur and the economy.Free
- Q10What is an Entrepreneurship Development Programme (EDP)? Explain its needs and its main objectives.Preview
- Q11Describe the major national-level institutions that conduct Entrepreneurship Development Programmes in India and state the role of each.Preview