Introduction to Entrepreneur — Chapter Summary
NIOS · Class 10 · Entrepreneurship
Summary of Introduction to Entrepreneur for NIOS Class 10 Entrepreneurship. Part of the NIOS Class 10 Entrepreneurship syllabus.
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Overview
Entrepreneurship is the ability to identify opportunities, take calculated risks, and turn ideas into useful products, services, or enterprises. An entrepreneur is a person or group willing to take the risk of a new venture, work independently, and add value to society. The chapter also shows how en
Key Concepts
The word entrepreneur comes from
The word entrepreneur comes from the French word entreprendre, made from entre meaning between and prendre meaning to take. An entrepreneur is a perso
An entrepreneur brings the idea
An entrepreneur brings the idea, passion, and funding arrangement for a venture. An investor mainly invests money and is usually more careful about th
A manager works for someone else
A manager works for someone else and does not bear the same risk as an entrepreneur. An entrepreneur may employ a manager, while entrepreneurship itse
An intrapreneur is an entrepreneur within
An intrapreneur is an entrepreneur within an existing organisation. Such a person uses innovation to create growth and may even lead to a new division
Important traits include desire to do
Important traits include desire to do, risk taking, responsiveness, initiative, persistence, inquisitiveness, commitment, self-motivation, assertivene
Learning Objectives
- Define an entrepreneur and explain the meaning of entrepreneurship
- Distinguish between an entrepreneur, an investor, and a manager
- Describe the main traits of a successful entrepreneur
- Classify entrepreneurs on different bases such as nature of enterprise, technology, ownership, innovation, and generation
- Explain the functions performed by an entrepreneur
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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