An Entrepreneur
CBSE · Class 11 · Entrepreneurship
Flashcards for An Entrepreneur — CBSE Class 11 Entrepreneurship. Quick Q&A cards covering key concepts, definitions, and formulas.
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Who are Innovative Entrepreneurs? Give an example.
Answer
Innovative entrepreneurs are those who introduce new products, new production methods, discover new markets or reorganize enterprises. They are aggressive risk-takers who exhibit cleverness in putting…
What is the difference between Imitative and Fabian entrepreneurs?
Answer
Imitative Entrepreneurs: Copy or adopt innovations made by others, are adaptive and flexible, organize factors of production. Example: Local mobile companies using same technology as big companies. Fa…
What is entrepreneurial competency? List the main categories.
Answer
Competency is a set of defined behaviors that provide a structured guide for identifying, evaluating and developing behaviors in an individual. Entrepreneurial competencies are classified into three c…
Steve Jobs was asked to leave Apple in 1986. How did this setback lead to his success?
Answer
When Jobs was forced out of Apple, he said it was 'the best thing that could have ever happened.' The heaviness of being successful was replaced by the lightness of being a beginner again. This freed …
What are the four core entrepreneurial values according to research studies?
Answer
The four core entrepreneurial values are: 1. Innovation and Creativity - ability to see new ways and make them work in practice 2. Independence or Self-reliance - strong ego drive, sense of ownership …
Define Business Ethics and explain why ethics is important to entrepreneurs.
Answer
Business Ethics comprises the study of proper business policies and practices regarding potentially controversial issues like corporate governance, discrimination, and social responsibility. Ethics is…
What are attitudes? List and explain any three features of attitudes.
Answer
Attitude is the way a person feels about something - a person, place, commodity, situation or idea. Three features: 1. Affects Behavior - People maintain consistency between attitude and behavior, lea…
Explain Maslow's Hierarchy of Needs Theory with all five levels.
Answer
Abraham Maslow's theory assumes people are motivated by five universal needs in hierarchical order: 1. Physiological Needs (lowest) - food, water, basic survival needs 2. Safety Needs - shelter, secur…
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
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