SimonMash.com | Kerala Plus One & Plus Two Study Notes, Question Papers, Answer Keys, Resources

Important Topics: Meaning and Objectives of Entrepreneurship Development Programme (EDP) Phases of EDP: Pre-training, Training, and Post-training (Follow-up) Steps in EDP Problems (Challenges) in conducting EDP Strategies for Entrepreneurship Development Institutions aiding Entrepreneurship Development (NIESBUD, EDII, SISI, NEDB, MDI, STEP) Uses of Information Technology Enabled Services (ITES) in Entrepreneurship: E-Filing, E-Licensing Entrepreneurship Development Programme (EDP) David C. McClelland found that the need for achievement motivates people to work hard. He conducted an experimental study in Kakinada, Andhra Pradesh (popularly known as 'Kakinada Experiment') and concluded that achievement motivation had a positive impact on the performance of entrepreneurs. In fact, the Kakinada Experiment could be treated as the base to the Entrepreneurship Development Programmes in India. Simple Explanation: An Entrepreneurship Development Programme (EDP) ...

Important Topics: Innovation: Meaning and Schumpeter's 6 Types Innovations leading to Entrepreneurial Ventures (Penicillin, Pacemaker, etc.) Role of Technology and Social Media in creating new forms of business Benefits of Social Media for Business Network Marketing (Multi-level Marketing) Concept of Risk Taking: Types of Risks (Internal & External) How to Manage Risk Entrepreneurship Development Club (ED Club): Objectives and Functions District Industries Centre (DIC): Objectives and Functions Entrepreneurship Support Scheme (ESS): Meaning and Objectives Business Incubation: Meaning, Services, and Benefits SWOT Analysis Entrepreneur the Innovator (സംരംഭകൻ നവീനാശയക്കാരൻ) Innovation (നവീകരണം) Innovation involves the translation of useful idea into application which has commercial value. Innovation means doing new things or doing existing things in a new way. "Any creative idea, getting implemented or realised successfully, is called Innovation". ...

Important Topics: Business Ideas: Meaning and Ways to Generate Ideas Sources of Business Ideas Feasibility Study: Meaning and Types (Market, Technical, Financial, Organisational) Personality Types of Entrepreneurs (7 Types) Role of Society and Family in Entrepreneurial Growth Rural Entrepreneurship Agri-Entrepreneurship Social Entrepreneurship (with Indian Examples) Women Entrepreneurship: Meaning, Examples, and Limitations Student Entrepreneurship (Kerala Start up Mission Initiatives) Entrepreneurship Journey Business Ideas A business idea is the first milestone in the process of building a successful business unit. Generation of ideas is the key to success of an enterprise. Simple Explanation: A business idea is the seed from which a whole enterprise grows. It's the initial concept of what product or service you will offer, who you will sell it to, and how you will make money from it. Ways to Generate Ideas Environment Scanning: Monitoring th...

Important Topics: Meaning of Competencies 7 Key Competencies of an Entrepreneur Decision Making Competency (DECIDE Model) Problem Solving Competency (Steps) Risk Bearing Competency (Types of Risks: Internal & External, Risk Management) Leadership Competency (Types of Leaders) Communication Competency (Types, Barriers, Tips) Competency in Dealing with Customers Competency in Discharging Social Responsibility Entrepreneurial Values and Attitude Life Skills for Entrepreneurs Motivation and Maslow's Need Hierarchy Theory McClelland's Need for Achievement Theory Entrepreneurial Competencies (കാര്യ ശേഷികൾ) Competencies are the combination of knowledge, skills, and attitudes that help an individual perform tasks effectively. For an entrepreneur, competencies are crucial for starting and managing a successful enterprise. The seven key competencies required by an entrepreneur are: Decision-making competency Problem solving competency Risk beari...

Important Topics: Meaning and Definition of Entrepreneur Characteristics of an Entrepreneur Functions of an Entrepreneur (Entrepreneurial, Promotional, Managerial, Commercial) Qualities (Traits) of an Entrepreneur Mindset of Entrepreneurs vs. Employees Intrapreneur: Meaning and Difference from Entrepreneur Entrepreneurship: Meaning, Characteristics, and Process Significance (Role) of Entrepreneurship in Economic Development Myths of Entrepreneurship Challenges of Entrepreneurship Social Responsibility of Entrepreneurship Entrepreneur and Entrepreneurship Entrepreneur An entrepreneur is a person responsible for setting up a business or an enterprise. He is capable to convert a situation into an opportunity. He is a catalytic agent of change and works for the welfare of society. The word "entrepreneur" is derived from the French word "entreprendre" which means "to undertake", that is individuals who undertake the risk of a new enterpris...