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Syllabus

Entrepreneur — Syllabus

ICSE · Class 11 · Entrepreneurship

What Entrepreneur covers in ICSE Class 11 Entrepreneurship: 4 topics, for the 2026-27 session. Part of the ICSE Class 11 Entrepreneurship syllabus.

65 questions34 flashcards5 concepts

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4 Topics · ICSE Class 11 Entrepreneurship · 2026-27

Topics in Entrepreneur

1

Meaning of Entrepreneur

  • An entrepreneur is responsible for setting up a business or enterprise.
  • An entrepreneur has initiative, skill for innovation, and the desire for high achievement.
  • An entrepreneur acts as a catalyst of change and works for the good of people.
2

Definitions of Entrepreneur

  • Richard Cantillon defined an entrepreneur as a risk-bearer who purchases goods at a certain price and sells them at an uncertain future price.
  • Adam Smith described an entrepreneur as an economic agent who transforms demand into supply by organising production activities and responding to market needs.
  • Joseph Schumpeter viewed the entrepreneur as an innovator who introduces new products, new methods of production, new markets, or new forms of organisation.
3

Classification of Entrepreneurs

  • Entrepreneurs are classified on the basis of generation, ownership, societal norms, and technology.
  • Generation-based types include founder entrepreneurs, second-generation entrepreneurs, and third-generation entrepreneurs.
  • Ownership-based types include franchisees, owner-managers, and serial entrepreneurs.
4

Generation-Based Classification

  • Founder entrepreneurs establish a business enterprise on their own for the first time in their family.
  • Founder entrepreneurs create the business from scratch without any inherited entrepreneurial background.
  • Swami Vikas is an example of a Founder Entrepreneur who created Dirghayu Bhava Retreat Centre independently.

Key Concepts

Central concept: Entrepreneurship and the role of the entrepreneur

Meaning of entrepreneurDefinitions by thinkersClassification by generationClassification by ownershipDanhof classificationClassification by societal normsClassification by technologyCharacteristics of a successful entrepreneur

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Frequently Asked Questions

What are the important topics in Entrepreneur for ICSE Class 11 Entrepreneurship?
Key topics in Entrepreneur include Meaning of Entrepreneur, Definitions of Entrepreneur, Classification of Entrepreneurs, Generation-Based Classification. Study these first, then practise questions on each for Class 11 exams.
How should I revise Entrepreneur for Class 11 exams?
Learn the core ideas first, then work through the 65 practice questions on Entrepreneur. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All ICSE Class 11 Entrepreneurship Syllabus

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