Sky Education: Organisation of Commerce and Management
Sky Education: Organisation of Commerce and Management
SKY EDUCATION
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JAYESH RAJGOR
JAYESH RAJGOR
JAYESH RAJGOR
Inspiring Mentor, Engaging Orator & A Life Long Learner…
JAYESH RAJGOR JAYESH RAJGOR
C) Write a word or phrase or a term which can substitute each one of the following:
1) An undertaking or adventure involving uncertainty and risk and requiring innovation.
Ans. Entrepreneurship
2) A function of creating something new for an economic activity.
Ans. Innovation
3) A person who is an innovator who introduces new combinations of means of production.
Ans. Entrepreneur
4) The process of enhancing entrepreneurial skills and knowledge through structured training and institution
building programmes.
Ans. Entrepreneurship Development Programme
5) The process that motivates a person into action and induces him to continue the course of action for the
achievement of goals.
Ans. Entrepreneurship
6) An employee who has an authority and support of the organisation to implement his creative ideas.
Ans. Intrapreneur.
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JAYESH RAJGOR
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Inspiring Mentor, Engaging Orator & A Life Long Learner…
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Group A Group B
1) The idea of bringing Urban resident to agricultural _________________________
farm.
2) Agro-tourism _________________________
3) ______________________ To introduce new combination of products & features.
4) _______________________ A full time job which requires dedication & Hard-work.
Ans:
1.Agro-tourism.
2. Niche tourism
3. Innovation
4. Entrepreneurship
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3. The loan taken under stand-up India scheme is repayable in ten years.
Ans. Seven
Q.3 Study the following case/ situation and express your opinion.
Mr. Soham is young MBA degree holder, Mr. Navin is B.Com graduate. Mr. Soham is willing to start dairy farm
at his village. Mr. Navin is willing to work as cashier in Private Company.
i) Find out dream of Soham and Navin.
Ans.Soham's dream is to start a business whereas Navin's dream is to get a good job.
ii) State anyone feature of Entrepreneur.
Ans.Goal oriented, leadership quality.
iii) To become successful entrepreneur, which qualities Mr. Soham should have?
Ans. Goal oriented, leadership quality.
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JAYESH RAJGOR
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JAYESH RAJGOR
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JAYESH RAJGOR JAYESH RAJGOR
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Ans.Entrepreneurship is a full time job which requires dedication and hard work. Entrepreneurs are innovators.
They are owners, producers, market creators, decision takers and risk takers. Entrepreneurs are referred to as
fourth 'Factor of Production' along with the other factors such as land, labour and capital.Successful business
people have many Qualities in common with one another. (SHORTCODE : D-COPS)
1) Disciplined :
These individuals are focused on making their businesses work, and eliminate any hindrances or distractions to
their goals. An entrepreneur has comprehensive strategies and outline the tactics to accomplish them.
Successful entrepreneur is disciplined enough to take steps every day towards the achievement of his
objectives.
2) Determination :
Entrepreneur is not thwarted by his defeats. He looks at defeat as an opportunity for success. He is determined
to make all of their endeavors succeed, so will try and try again until it does. Successful entrepreneur does not
believe that something cannot be done.
3) Confidence :
The entrepreneur does not ask questions about whether he can succeed or whether he is worthy of success. He
is confident with the knowledge that he will make his businesses succeed. He shows that confidence in
everything he does.
4) Competitive :
Many companies are formed because an entrepreneur knows that he can do a job better than others. He needs
to win the game of business. An entrepreneur will highlight his own company's track record of success.
5) Creativity :
One aspect of creativity is being able to make connections between seemingly unrelated events or situations.
Entrepreneur often comes up with solutions which are the synthesis of other items. He will repurpose products
to market them to new industries.
6)Open Minded :
Entrepreneur realizes that every event and situation is a 'business opportunity. Ideas are constantly being
generated about workflows and efficiency, people skills and potential new businesses. He has the ability to look
at everything around him and focuses it towards his goals.
7) Passion :
Passion is the most important trait of the successful entrepreneur. He genuinely loves his work. He is willing to
put in those extra hours to make the business succeed because there is a joy his business gives which goes
beyond the money. The successful entrepreneur will always be reading and researching ways to make the
business better.
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8) Self Starter :
Entrepreneur knows that if something needs to be done he should start it himself. He sets the parameters and
makes sure that projects follow that path. He is proactive, not waiting for someone to give him permission.
9) Strong communication skills :
The entrepreneur has strong communication skills to sell the product and to motivate employees. Most
successful entrepreneur knows how to motivate his employees so the business growsoverall. He is very good at
highlighting the benefits of any situation and coaching others to their success.
10) Strong work ethic :
The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. He
will come on his days off to make sure that an outcome meets his expectations. His mind is constantly on his
work, whether he is in or out of the workplace.p
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Inspiring Mentor, Engaging Orator & A Life Long Learner…
JAYESH RAJGOR JAYESH RAJGOR
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Inspiring Mentor, Engaging Orator & A Life Long Learner…
JAYESH RAJGOR JAYESH RAJGOR
5) Technical Knowledge:
An entrepreneur has good technical knowledge about his business. The entrepreneur has the ability to update
himself with the latest knowledge about the product, process and technology.
6) Self Confidence:
An entrepreneur has self-confidence. He has positive desires to achieve his goals. Such self-motivation keeps
him strong and confident to face various obstacles.
7) Risk bearing capacity :
Successful entrepreneur takes calculated risks. He is ready to face challenges and always seeks new and more
opportunities.
8) Future Vision:
The entrepreneur has a good foresight about future market situation. He should also have knowledge about
external business environment. This will help him to take proper decisions according to the situations and
changes in the market. So, he can take timely actions for the same.
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JAYESH RAJGOR
JAYESH RAJGOR
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Inspiring Mentor, Engaging Orator & A Life Long Learner…
JAYESH RAJGOR JAYESH RAJGOR
DOWNLOAD OUR APP SKY EDUCATION FROM PLAYSTORE AND APPSTORE FOR STUDY MATERIAL AND VIDEO
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JAYESH RAJGOR
JAYESH RAJGOR
JAYESH RAJGOR
Inspiring Mentor, Engaging Orator & A Life Long Learner…
JAYESH RAJGOR JAYESH RAJGOR
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JAYESH RAJGOR
JAYESH RAJGOR
JAYESH RAJGOR
Inspiring Mentor, Engaging Orator & A Life Long Learner…
JAYESH RAJGOR JAYESH RAJGOR
or new features in the existing products. Innovation is also necessary to solve problems that arise in the
business.
7) Taking Decisions:
An entrepreneur has to take wise decisions for his enterprise. Timely and correct decisions are also important
and necessary for a proper business plan. He should always consider the pros and cons before taking any
business decision.
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JAYESH RAJGOR
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