Class 12 Entrepreneurship: Entrepreneurial Opportunity
Chapter 1: Entrepreneurial Opportunity — learn how to sense entrepreneurial opportunities through environment scanning, the PESTEL framework, problem identification, idea fields, creativity and innovation, and opportunity assessment. CBSE Class 12 Entrepreneurship notes covering 6 topics: Introduction to Entrepreneurial Opportunity, Sensing Opportunities and Environment Scanning, PESTEL Framework, Problem Identification and Idea Fields, Creativity and Innovation, and Assessing and Selecting Opportunities.
Topics(6)
Introduction to Entrepreneurial Opportunity
Meaning of business opportunity, its five essential elements, the distinction between ideas and opportunities, and real-world case studies of La Opala and TravelKhana. CBSE Class 12 Entrepreneurship notes
Sensing Opportunities & Environment Scanning
The enterprise process from problem to project, factors involved in sensing opportunities, environment scanning, SWOT analysis framework, and sources of environmental information. CBSE Class 12 Entrepreneurship notes
PESTEL Framework
The PESTEL model for macro environment analysis: Political, Economic, Social, Technological, Ecological, and Legal factors with practical business examples. CBSE Class 12 Entrepreneurship notes
Problem Identification & Idea Fields
How problems become business ideas, objectives and uses of problem identification, and the six idea fields with Indian business examples. CBSE Class 12 Entrepreneurship notes
Creativity & Innovation
Meaning of creativity and innovation, barriers and steps in the creative process, and techniques for generating creative business ideas. CBSE Class 12 Entrepreneurship notes
Assessing & Selecting Opportunities
Evaluating and selecting the right opportunity, feasibility analysis, and the process of converting an opportunity into a successful enterprise. CBSE Class 12 Entrepreneurship notes
Questions by Textbook
Study Simplify Special
Frequently Asked Questions
<p>Which of the following examples is not a part of the social environmental factor?</p>
A particular channel refrains from showing the advertisement of a particular product as it is banned by the government.
<p>Any change in social, legal or technological aspects leads to a new _______</p>
Business Opportunity
<p>Monish Ltd., was the market leader in the Mobile Phone industry in 2000. The company was well known for its affordable phones. In 2007, a new company launched new Mobile models with latest technologies and captured the market. Monish Ltd., did not expect this and lost the entire market share and had to close their operations. Which of the following SWOT analysis framework does this case indicate that Monish Ltd., failed to do?</p>
Assertion(A) is false but Reason (R) is true