CBSE Class 11 Entrepreneurship NCERT Solutions Chapter 2: An Entrepreneur
This chapter, "An Entrepreneur," delves into the fundamental characteristics and motivations that define an entrepreneur. It explores concepts such as intrapreneurship, entrepreneurial motivation, and the importance of competencies. The solutions explain core values like respect for work and innovation, highlighting their role in driving entrepreneurial success. Key features of attitudes and different types of entrepreneurs, as classified by Danhof, are also discussed. Understanding these elements is crucial for aspiring entrepreneurs to develop the right mindset and skills. These NCERT solutions provide clear, concise explanations and examples, aiding students in grasping the essential concepts for their exams and future entrepreneurial endeavors.
Quick info
| Board | CBSE |
|---|---|
| Class | Class 11 |
| Subject | Entrepreneurship |
| Session | 2026 |
| Language | English |
| Type | NCERT Solutions |
| Chapter | 2. An Entrepreneur |
Chapter summary
Chapter 2, "An Entrepreneur," focuses on defining and understanding the core attributes of an entrepreneur. It covers the concept of an intrapreneur, the driving forces behind entrepreneurial motivation, and the significance of competencies. The chapter also elaborates on essential values like respect for work and innovation/creativity, along with the pervasive nature of attitudes. It introduces different classifications of entrepreneurs, such as Danhof's types, and explains the importance of intrapreneurship programs. These NCERT solutions break down these concepts into digestible answers, perfect for exam preparation.
Learning outcomes
- Understand the definition and role of an intrapreneur within an organization.
- Explain the concept of entrepreneurial motivation and its significance.
- Define competency and its importance for entrepreneurs.
- Identify the core values that guide entrepreneurial behavior, such as respect for work and innovation.
- Describe the characteristics and types of entrepreneurs.
- Recognize the pervasive nature of attitudes and their impact on behavior.
Topics covered
Paper topics
- Definition of an Entrepreneur
- Intrapreneurship
- Entrepreneurial Motivation
- Competency
- Core Values (Respect for Work, Innovation & Creativity)
- Attitudes
- Types of Entrepreneurs (Danhof)
- Fabian Entrepreneurs
- Innovative Entrepreneurs
- Industrial Entrepreneurs
- Intrapreneurship Programs
- Innovation Time Off
Important topics
- Understanding the Entrepreneurial Mindset
- The Role of Motivation and Competencies
- Core Values: Respect for Work and Innovation
- Intrapreneurship: The Entrepreneur Within
- Types of Entrepreneurs and Their Characteristics
PDF preview
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Questions and Solutions
Question 1
- Who is an Intrapreneur?
- Define Entrepreneurial Motivation.
- What do you mean by competency?
- Which value provides goal direction to entrepreneurs?
- State one crucial feature of Fabian entrepreneurs?
- 'Hero Motocorp manufactures two wheelers and provide services.' This is an example of which type of entrepreneur?
- "They are highly ambitious and normally not satisfied by slow progress in their jobs." This applies for which entrepreneurs?
- "When it wanes, as it surely will in difficult times, take some guilt time." This statement shows which attitude of an entrepreneur?
- An intrapreneur is an individual who works inside a large company and uses entrepreneurial skills to manage projects or develop new products, often acting as an entrepreneur within the corporate structure without incurring the associated personal risks.
- Entrepreneurial motivation is the internal drive or force that activates entrepreneurs, compelling them to exert a high level of effort towards achieving their goals. It influences the direction, intensity, and persistence of their voluntary behavior.
- Competency refers to a specific set of defined behaviors that serve as a structured guide for identifying, evaluating, and developing an individual's capabilities and actions.
- The value of 'Respect for work' provides goal direction to entrepreneurs. This value encourages them to pursue their objectives, believing that hard work is essential for achievement and linking incentives to the quality and degree of their efforts.
- A crucial feature of Fabian entrepreneurs is that they are very shy, lazy, and cautious, typically avoiding risks and ventures.
- This is an example of an Industrial Entrepreneur, as they are involved in manufacturing goods and providing related services.
- This description applies to Innovative Entrepreneurs, who are characterized by high ambition and a drive for rapid progress, often feeling dissatisfied with slow advancement.
- This statement demonstrates an attitude of resilience and self-care. It suggests that entrepreneurs should acknowledge when motivation wanes during difficult times and allow themselves 'guilt-free' time to recharge.
Question 2
- Why attitude is called pervasive?
- Explain any two features of attitude.
- Explain these core values: (a) Respect for work (b) Innovation and creativity.
- Name the types of entrepreneurs according to Danhof.
- What is the importance of an intrapreneur in an organisation?
- What is "Innovation time off" in an intrapreneurship program?
- Attitude is called pervasive because attitudes are formed during the process of socialization and can be directed towards virtually anything in the world, whether it's a person, object, idea, or situation. They influence how individuals perceive and react to various aspects of their environment.
- Two features of attitude are: (a) Affects behavior: Attitudes tend to guide behavior, leading individuals to act in ways consistent with their beliefs and feelings, provided no external constraints interfere. (b) It is invisible: Attitudes are psychological phenomena that cannot be directly observed. However, their presence can be inferred indirectly by observing their consequences or the resulting behavior. For instance, high productivity might suggest a positive attitude towards work.
- (a) Respect for work: This core value signifies that entrepreneurs and their culture deeply value and respect work. Successful entrepreneurs often believe that hard work is fundamental to achieving goals, viewing work almost as a form of worship. (b) Innovation and creativity: These are vital values for entrepreneurs. Creativity is the ability to generate novel ideas or new ways of doing things, while innovativeness is the capacity to implement these ideas effectively in practice. For example, introducing products in convenient small sachets (like shampoo or oil) is an innovation that improves user experience.
- According to Danhof, the types of entrepreneurs are: 1. First-generation entrepreneurs 2. Business person 3. Manager 4. Innovator
- An intrapreneur is important in an organization because they bring innovative ideas, drive new product development, and manage critical projects, fostering a culture of growth and adaptation from within. They help the company stay competitive and explore new opportunities without the full risk exposure of external entrepreneurship.
- "Innovation time off" in an intrapreneurship program refers to a designated period or allowance of time granted to employees to focus specifically on developing new ideas, exploring innovative projects, or engaging in creative thinking, separate from their regular duties.
Common mistakes
- Confusing intrapreneurs with external entrepreneurs.
- Underestimating the importance of attitude and its development.
- Not differentiating between creativity and innovation.
- Failing to recognize the specific characteristics of different entrepreneur types.
Revision tips
- Focus on understanding the distinct roles of entrepreneurs and intrapreneurs.
- Memorize the definitions of key terms like motivation and competency.
- Relate the core values (respect for work, innovation) to real-world examples.
- Review the different types of entrepreneurs and their defining features.
- Practice explaining the concept of 'attitude' and its impact.
Practice MCQs
Q1. Who is an intrapreneur?
Explanation: An intrapreneur is an individual within a large organization who uses entrepreneurial skills and ideas to develop new products or projects without taking on the personal financial risks associated with entrepreneurship.
Q2. What is entrepreneurial motivation?
Explanation: Entrepreneurial motivation refers to the internal drive and forces that compel an entrepreneur to exert effort, persist, and pursue their goals with intensity.
Q3. Which value provides goal direction and encourages entrepreneurs through hard work?
Explanation: The value of 'Respect for work' provides goal direction for entrepreneurs, as they believe that hard work is the key to achieving their objectives and are motivated by the quality and effort they put in.
Q4. Fabian entrepreneurs are characterized by being:
Explanation: Fabian entrepreneurs are described as being very shy, lazy, and cautious, preferring to avoid taking risks and venturing into new territories.
Q5. What does 'Innovation time off' refer to in an intrapreneurship program?
Explanation: 'Innovation time off' is a component of intrapreneurship programs where employees are given dedicated time to explore and develop new ideas or projects.
Frequently asked questions
What is the main difference between an entrepreneur and an intrapreneur?
An entrepreneur starts their own business and takes full financial risk, while an intrapreneur works within an existing company, using entrepreneurial skills to innovate without personal financial risk.
Why is entrepreneurial motivation important?
Entrepreneurial motivation is crucial as it activates entrepreneurs, driving them to exert high levels of effort, persist through challenges, and achieve their goals.
What are the key values for entrepreneurs mentioned in this chapter?
The key values highlighted are 'Respect for work,' emphasizing hard work as a path to achievement, and 'Innovation and creativity,' the ability to bring new ideas and practices into existence.
How are attitudes described in the context of entrepreneurship?
Attitudes are described as pervasive, meaning they can relate to anything in the world and are formed through socialization. They influence behavior and can be inferred indirectly through consequences.
What does it mean for an attitude to be 'pervasive'?
An attitude is pervasive because it is formed during socialization and can be directed towards any aspect of the world, such as people, objects, or ideas.
Can you give an example of innovation mentioned in the solutions?
Yes, the example provided is the introduction of hair oil in small, convenient plastic sachets instead of traditional tins, making it easier for customers to carry and use.
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