Four Year Bachelor of Commerce (Honours/Research) Degree in Examination as per NEP 2020
MINOR: ENTREPRENEURSHIP DEVELOPMENT
SEMESTER III
COURSE: ENTREPRENEURIAL THEORIES AND PRACTICES
COURSE CODE: CBMED3T03
NUMBER OF CREDITS: 04
COURSE OUTCOMES
CO1 Students will be able to identify the factors which are attracting as well as prohibiting them
from entrepreneurship.
CO2 Students will be able to analyse the evolution and growth of entrepreneurship and also frame
the process of resource mobilisation.
CO3 Students will get acquainted with the proven theories of entrepreneurship and will be able to
compare their relevance in the current scenario.
CO4 Students will be able to design the process of generating business idea and to create a business
plan.
CO5 Students will be able to develop critical thinking towards the legal matters and complications
occurring in the setting up of the business.
UNIT I: INTRODUCTION
• Entrepreneur: Meaning, definition and features of entrepreneurship. Entrepreneurship process.
Qualities of Entrepreneurs.
• Role of Entrepreneur: Role of an entrepreneur in economic growth as an innovator, generation of
employment opportunities, complementing and supplementing economic growth, bringing about
social stability and balanced regional development of industries.
• Types of Entrepreneurships: Clarence Danhof Classification, Arthur H. Cole Classification,
Classification on the Basis of Ownership, Classification Based on the Scale of the Enterprise.
• Development of entrepreneurship in India: Startup India Scheme, Make in India, Atal Innovation
Mission (AIM), etc.
UNIT II: THE ENTREPRENEURIAL VIEW
• Entrepreneurial View: Meaning, Evolution, Characteristics, Nature, Functions of an
Entrepreneur, Distinction between an Entrepreneur and a Manager.
• Indian perspective: Concept, Growth of Entrepreneurship in India, the entrepreneurial decision
process.
• Creating Entrepreneurial Venture: Identifying Business Opportunities, Team Building, Planning
and Strategy Development.
• Resource Mobilization for entrepreneurship: Meaning and importance, types of resources,
Process of resource mobilisation.
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Four Year Bachelor of Commerce (Honours/Research) Degree in Examination as per NEP 2020
UNIT III: THEORIES OF ENTREPRENEURSHIP
• Schumpeter’s Innovation Theory: Schumpeter’s five types of innovation, Schumpeter’s role of
creative destruction and its role in economic development. Four dimensions, criticism of the
theory
• McClelland's theory-Psychological theories of Entrepreneurship: concept, meaning, Need for
Achievement (nAch), Need for Affiliation (nAff), and Need for Power (nPow).
• Rotter's locus of control theory: Concept, Background, Locus of Control, Internal Locus of
Control, External Locus of Control.
• Other Theories: Economic theories of entrepreneurship, classical theories of entrepreneurship,
neo-classical theories of entrepreneurship and Australian market process.
UNIT IV: ENTREPRENEURIAL PRACTICE:
• New Business Idea: Sources of new ideas, methods of generating ideas, creative problem
solving, opportunity recognition.
• Product planning and development: Idea Generation, Concept Development and Testing, Market
and Competitive Analysis, Product Design, Marketing Strategy, Product Lifecycle Management.
• Business Plan: Creating a Business Plan, Market Research, Market Size Analysis, E-commerce
and Startups.
• Legal Issues & Solutions: Legal issues in setting up the organisation, patents, business methods
patents, trademarks, copyrights.
REFERENCES
1. Scarborough, N. M., Cornwall, J. R., & Zimmerer, T. (2016), Essentials of entrepreneurship and
small business management. Boston: Pearson.
2. Hisrich, R.D., Manimala, M.J., Peters, M.P., Shepherd, D.A., Entrepreneurship, Tata McGraw
Hill.
3. M.B. Shukla, Entrepreneurship and Small Business Management, Kitab Mahal Publishers.
4. Poornima Charantimath, 2007, Entrepreneurship Development-Small Business
Enterprise, Pearson Education.
5. Desai, V., 2009, Dynamics of entrepreneurial development and management (pp. 978-
8120335936), Himalaya Publishing House.
6. Sharma Sudhir, Singh Balraj, Singhal Sandeep (2005), Entrepreneurship Development, Wisdom
Publications, Delhi
7. Sudha G.S. (2005), Management and Entrepreneurship Development, Indus Valley
Publications, New Delhi.
8. Vasishth Neeru (2008), Business Organization, Taxmann Allied Services (P.) Ltd., New Delhi.
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Four Year Bachelor of Commerce (Honours/Research) Degree in Examination as per NEP 2020
QUESTION PAPER PATTERN
Question No. Unit Marks Question Pattern
(All Theory)
I 4 1 Question of 4 Marks
1 II 4 1 Question of 4 Marks
III 4 1 Question of 4 Marks
IV 4 1 Question of 4 Marks
2 Questions of 8 Marks each
2 I 16 OR
1 Question of 16 Marks
2 Questions of 8 Marks each
3 II 16 OR
1 Question of 16 Marks
2 Questions of 8 Marks each
4 III OR
16 1 Question of 16 Marks
2 Questions of 8 Marks each
5 IV 16 OR
1 Question of 16 Marks
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