Answers to pictorial representation

Date : 15.5.2020
Sub  : Entrepreneurship
Day  : 5
Time : 9am -9:40am and 12:20pm-1pm
Period : 3 and 7
Class    : 11

Learning Outcome

• Pictorial memorisation of the chapter
• Students come to know important answers if they do the worksheet
• Practise of some pictorial representation that may come in the Board exam

A very good morning students

Thank you for logging in

Today we will be seeing the  answers to the pictorial questions in the chapter

Please make sure you do you learn them well for your exam

PICTORIAL

    1.      Complete the motivational process:

Answers: 1-Search Behaviour, 2-Reduction of Tension

     2.   Identify the universal needs as proposed by Abraham Maslow in the hierarchy represented below.

    

                                                                                                                                

Ans- a-Safety and Security needs, b- Social needs

3.      Complete the diagram that depicts the qualities which guides an entrepreneur.

           Ans-Core Value

1    4.      Identify the motives that drive an entrepreneur as per David McClellands theory of needs.

      Ans: Achievement

5    5.    Attitudes are acquired from following sources:

     Ans: Group Association

     6.   Three motives of McClelland theory of needs can be classified as

         Ans: Affiliation

    7.   Identify the Entrepreneurial Competency which is missing from the diagram?

        Ans- Motivation

      8.   Which core value of an entrepreneur is exhibited in the diagram?

  

          Ans: Innovation and Creativity

    9.   Identify the Entrepreneurial Competency exhibited by the cartoon character?

                 Ans: Persistence

    10.   The employee within a company is assigned a special project and are instructed to develop a project like the entrepreneur, with resources provided by the company.   Who is this employee ?

              Ans: Intrapreneur

               I am sending you the blog for Process of Entrepreneurship again

                Please make sure you revise it well because most of you did not do well in the test in the              question given from the Process of Entrepreneurship

          Process of Entrepreneurship

          Entrepreneur is a creative person, he has to do lots of different activities for carrying out his business. Following are the different steps in the creation of an enterprise.

    Self Discovery

          Finding out new ideas he can do, and analyse their strength and weaknesses. Also analyse its potential opportunities in the market.

   Identifying Opportunities

          Search for unsatisfied needs and wants, problems and challenges of the society. It will give new opportunity for starting a new enterprise.

   Generating and Evaluating Ideas

           Using creativity and past experience to devise new and innovative ways to satisfy the needs, wants , problems and challenges of the society.

     Planning

        Researching and identifying resources needed to make the idea successful one. Plan all the activities for making the idea into a good venture.

   Raising Start-up Capital

          Using the business plan , entrepreneur has to collect the necessary amount of funds to start the business.

    Start-up

           Starting the production activities or collection of goods and services, distribution of goods and services to needy people, creation of a good collection of regular customers.

   Growth

         Develop the business with new strategic plans and changing technologies .

   Harvest

          Marketing the products and harvesting the rewards.

   Please go through the video link sent below to understand the concept better. 

       https://www.youtube.com/watch?v=jtG-PKrxizE&t=223s

     

    

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