CBSE Class 11 Entrepreneurship Notes

Entrepreneurship encompasses the academic study of the processes, principles, and practices involved in starting, managing, and growing new ventures. It combines insights from various disciplines such as business management, economics, finance, marketing, innovation, and strategy to provide a comprehensive understanding of how entrepreneurial ventures operate. Entrepreneurship as a subject is not only relevant for aspiring entrepreneurs but also for individuals interested in working in startups, corporate innovation, venture capital, or small business management.

Entrepreneurship Class 11 Course Structure 2024-25

Time: 3 Hours
Maximum Marks: 70

S.No.	Unit	No. of Periods	Marks
Unit 1	Entrepreneurship: Concept and Functions	15	15
Unit 2	An Entrepreneur	25
Unit 3	Entrepreneurial Journey	30	20
Unit 4	Entrepreneurship as Innovation and Problem Solving	30
Unit 5	Understanding the Market	40	15
Unit 6	Business Finance and Arithmetic	30	20
Unit 7	Resource Mobilization	30
	Project Work	40	30
	TOTAL	240	100

Entrepreneurship Question Paper Design

S.No.	Competencies	Total Marks	% Weightage
1.	Remembering: Exhibit memory of previously learned material by recalling facts, listing elements, terms and basic concepts. Understanding: Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas.	20	28.5%
2.	Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in different ways.	30	43%
3.	Analysing and Evaluating: Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations, integrated learning; Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Creating: Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions .	20	28.5
	TOTAL	70	100%

Unit 1: Entrepreneurship: Concept and Functions

Unit 1 of our entrepreneurship course delves into the foundational concepts and fundamental functions that underpin the dynamic world of entrepreneurship. This unit focuses on myths, advantages, disadvantages, and the process of entrepreneurship.

• What is Entrepreneurship?
• Challenges of Entrepreneurship
• Why Entrepreneurship for You?
• Why Does One Become an Entrepreneur?
• Process of Entrepreneurship
• Process of Entrepreneurship Development
• Entrepreneurship – The Indian Scenario
• Difference between Entrepreneur and Entrepreneurship

Unit 2: An Entrepreneur

Unit 2 states the specifics of why one should be an entrepreneur, the types of entrepreneurs, and the various values, attitudes, and motivations of entrepreneurs.

• Types of Entrepreneurs
• Competencies of an Entrepreneur
• Entrepreneurial Ethics, Values, Attitudes and Motivation
• Maslow’s Hierarchy of Needs Theory
• McClelland’s Theory of Needs
• Difference between Entrepreneur and Employee
• What is Intrapreneurship?

Unit 3: Entrepreneurial Journey

Unit 3 offers an immersive exploration into the dynamic and multifaceted journey of entrepreneurship, by explaining the process and significance of idea generation, along with opportunity assessment. This unit also defines the concept of business plan.

• Identification of Various Personality Types Before Starting a Business Venture
• What are Business Ideas?
• What is Feasibility Study?
• What is Business Plan?
• Growth of an Entrepreneur
• Woman Entrepreneurs
• Differences Between Male Entrepreneurs and Female Entrepreneurs

Unit 4: Entrepreneurship as Innovation and Problem Solving

Unit 4 of entrepreneurship course embarks on a thrilling exploration of the intersection between entrepreneurship, innovation, and problem-solving. Alongside, while studying the unit, one will be learning about the role of technology in entrepreneurship.

• Entrepreneurs as Problem Solvers
• Social Entrepreneurship
• Difference between Entrepreneurship and Social Entrepreneurship
• Concept of Risk Taking
• Role of Technology and Social Media in Creating New Forms of Business
• Barriers to Entrepreneurship
• Support Provided by the Government to Entrepreneurs
• Institutions involved in Entrepreneurship Development Program (EDP)

Unit 5: Understanding the Market

Unit 5 tells the concept of market in entrepreneurship, marketing mix, effects of micro and macro market environment along the basics of marketing research.

• Concept of Markets in Entrepreneurship
• Difference Between E-Commerce and E-Business
• Market Research in Entrepreneurship
• Market Survey
• Strategic Alternatives before an Enterprise
• Business in Entrepreneurship
• Marketing Mix

Unit 6: Business Finance and Arithmetic

Unit 6 of entrepreneurship course embarks on a comprehensive exploration of the essential principles and practices of business finance and arithmetic, by covering various aspects of cost and revenue.

• Introduction to Cash Register
• Unit of Sale, Unit Cost, and Unit Price
• Types of Cost
• Income Statement in Entrepreneurship
• Cash Flow Projections in Entrepreneurship
• Break Even Analysis in Entrepreneurship
• Taxes in Entrepreneurship

Unit 7: Resource Mobilization

Unit 7 of entrepreneurship course embarks on a dynamic exploration of resource mobilization—the art and science of acquiring and leveraging essential resources to fuel entrepreneurial ventures.

• Resource Mobilization
• Mentorship
• Classification of Business Enterprises
• Sources of Information

Project Work

Marks	Constituent
20	Students need to complete two projects in total, 10 marks each
5	Numerical Assessment
5	Viva Voce

Topics for the Project

1. Visit of the District Industries Centre and prepare a report of activities and programs undertaken by them.

2. Conduct a case study of any entrepreneurial venture in your nearby area.

3. Field Visit: Visit any business firm near your locality; interact with the owner of the business firm and prepare a field report on parameters like: type of business, scale of business, product/service dealing in, target customer, problems faced and measures to solve the faced challenges.

4. Learn to Earn

5. Know your State Handicraft and Handlooms as a means of economic activity for the livelihood of people and intellectual property rights attached to them for the promotion of local specific skills.