Employability Skills Notes
Employability Skills Notes
Three
Concise
Channel
4. ________ communication also enables you to keep changing your interaction as per
the other person’s response.
Verbal
93
self-control
7. __________ is our emotional, mental, physical and social reaction to any perceived
demands or threats.
Stress
8. ________________ is the ability to identify and manage one’s own emotions, as well
as the emotions of others.
Emotional intelligence
Goals
10. ___________ refers to all the methods, tools, concepts related to storing, recording and
sending digital information.
ICT
12. A computer system consists of two main parts, the ________ and the software.
Hardware
Operating System
14. After loading Windows 7, the first screen that appears on the monitor is called
____________.
Desktop
15. By default, Windows 7 has a picture for the desktop background. This is called
________
Wallpaper
16. Small pictures on the desktop are called__________. . These icons represent files,
folders, applications, etc.
Icons
Taskbar
18. A computer automatically runs a basic program called ___________ as soon as it is
switched on.
BIOS
Start button
Date/Time.
21. Keys, such as Control (CTRL), SHIFT, SPACEBAR, ALT, CAPS LOCK and TAB, are
special ___________ keys.
Control
22. You use the ENTER or the _______ key to move the cursor to the beginning of a new
line.
Return
23. Keys, such as the arrow keys, HOME, END, PAGE UP, and PAGE DOWN are
________________________ keys.
Navigation
24. The _______________ icon that provides access to all the drives, files and folders on a
compute.
My Computer
25. Keys, such as INSERT (INS), DELETE (DEL), and BACKSPACE are
____________keys.
Command
26. When the INSERT key is turned ON, it helps you _________ characters to the right of
the cursor.
Overwrite
27. Each file is given a file name and has a _______________ that identifies the file type.
File name extension
Folder
Backing up data
30. _______________ are viruses that replicate themselves and spread to all files once
they attack a computer.
Worms
31. ______________ disguises itself i.e., it appears to be a useful software program but
once it reaches a computer it starts behaving like a virus and destroying data.
Trojan horse
Encryption system
26. _________ people are people who work for a person or an organization and get paid for that
work.
Wage employed
27. ____________ people are those who start businesses to satisfy the needs of people.
Self-employed
28. A ___________ is a line of work that a person takes for life.
Career
29. One major example of large scale production of solar power is seen in _____________,
Gujarat Solar Park.
30. The Sustainable Development Goals (SDGs) were launched at the UN Sustainable
Development Summit in New York in ____________________.
September 2015
UNIT: 1
COMMUNICATION SKILL
No pets allowed
No parking zone
No entry
Danger warning
Radiation/biohazard warning
No mobile phone
Ans.
• Use simple language
• Do not form assumptions on culture, religion or geography
• Try to communicate in person as much as possible
• Use visuals
• Take help of a translator to overcome differences in language
• Be respectful of other’s opinions
Q25) What is TINS’ in communication? (What are the rules for Capitalising explain
with example?)
Ans. TINS’ is a set of Communication rules that help you capitalise words correctly.
Alphabet T I N S
What it Starting letter
Titles word ‘I’ Names
shows: of sentences
Capitalise the first Capitalise the Capitalise the first
Capitalise the
letter in the titles letter ‘I’ when it letter in the names of
Rule first letter in
used before is used as a word people, places, days
every sentence
people’s names (Pronoun). and months.
The summer break is
starting this Friday
Dr Malik and Mr He said that I
and will continue till
Pandey were should The little girl
Example the end of June.
invited to the accompany him lost her book.
Suresh is planning to
party to the mall.
visit London next
year.
Q26) List the common punctuation marks and their rules.
Punctuation name Sign Use Example
Full stop . • • Used at the end of a Omar is a professor. His
sentence. students call him Prof. Omar.
• Used with short form of
long words.
Comma , • Used to indicate a pause in After getting down from the
the sentence. bus, I walked towards my
• Used to separate two or school. The grocery store had
more items in a row. fresh kiwis, strawberries and
mangoes.
Question mark ? • Used at the end of a Where is your book?
question.
Exclamation mark ! • Used at the end of a word What a beautiful dress!
or a sentence to indicate a Hooray! We won the match.
strong feeling.
Apostrophe (‘) • Used followed by an ‘s’ to That is Shobha’s cat. Are these
show possession or Rahim’s colour pencils? Let’s
belonging. go for the movies today. She
• Used with shortened form isn’t coming to school today.
of words in informal speech.
Supporting Parts of
Use Example
Speech
Generally used before nouns. An
— used before words with a vowel
sound Wow! The boy was taken by
Articles (a, an, the) A — used before nouns with a surprise because he saw a
consonant sound bird flying over his head.
The — Refers to specific or
particular words
Wow! The boy was taken by
Conjunctions (and, Joins two nouns, phrases or
surprise because he saw a
but, because) sentences
bird flying over his head.
Connects one word with another to Wow! The boy was taken by
Prepositions (on, over,
usually answer the questions surprise because he saw a
in, under)
‘where’, ‘when’ and ‘how’. bird flying over his head.
Expresses strong emotions, such Wow! The boy was taken by
Interjections (Wow!
as happiness, surprise, anger or surprise because he saw a
Help!)
pain. bird flying over his head.
Certain set of marks, such as full stop, comma, question mark, exclamation mark and
apostrophe are used in communication to separate parts of a sentence for better clarity of
message. They are called punctuation marks.
The part of speech indicates how a particular word functions in meaning as well as
grammatically within the sentence. Some examples are nouns, pronouns, adjectives, verbs
and adverbs
• It underlines and highlights the main message as it avoids using excessive and needless
words.
• Concise communication provides short and essential message in limited words to the
audience.
• It makes use of words that are clear and that build the reputation.
• It makes use of words that are clear and that build the reputation.
• It checks for the precision and accurateness of facts and figures used in the message.
A simple sentence is one independent clause that has a subject and a verb and expresses a
complete thought.
Examples
Example
A complex sentence is a sentence that combines one independent clause with at least one
dependent clause.
Example
•Although Rohan had some doubts, he found the courses very useful.
•Computers have come a long way since they first came on the market.
Phrases are a group of words that work together to communicate an element of speech.
The different types of phrases are Adjective Phrase , Adverb Phrase ,Noun Phrase,
Prepositional Phrase and Verb Phrase
a) Complete Subject
b) Complete Predicate
•The complete subject consists of simple subject ( The noun or the pronoun is the subject is
about) and its modifiers
1. Mental: Students can be left overwhelmed, if they are unable to handle their
assignment submission deadlines and examinations grades. High expectations from self
can leave one with chronic anxiety and stress.
2. Physical: As children grow up, they may seek more independence, may become
critically conscious of their looks and have to cope up with hormonal changes. Issues
related to general well-being and health of an individual can lead to low self-esteem and
cause stress.
3. Social: Discord amongst family members, peer pressure for doing things which
children would generally avoid, maintaining balance in relationships amongst friends,
status show off may lead to stress at times.
4. Financial: Youngsters may have aspirational financial stress. This may be of
becoming financially independent.
1. Undo - CTRL+z
2. Redo - CTRL+y
3. Select all - CTRL+a
4. Cut - CTRL+x
5. Copy - CTRL+c
6. Paste - CTRL+v
7. Print - CTRL+p
8. Save - CTRL+s
• It manages all the devices of a computer and keeps track of the status of the device, whether
it is busy or not.
• It manages the computer memory and keeps track of which memory space is in use by
which program and which space is free.
5. Real Time - A real time operating system is used to control machinery, scientific
instruments, like robots, in complex animations and computer controlled automated
machines. A real-time operating system is a computing environment that reacts to
input within a specific period of time. It manages the resources of the computer so
that any particular operation is executed in the same amount of time every time it is
executed.
✓ Android
✓ Symbian
✓ Windows Phone
✓ iOS
• All Programs: - Provides access to all the installed programs and applications. To
start an application, just click it.
• Search Box: - This allows the user to search a file or a folder or run executable files.
3. Window will open up showing files and folders in the selected drive. Click New Folder on
the toolbar.
OR
Right-click anywhere in the blank area of the right column. A shortcut menu appears.
2. In the Shortcut menu, click New and select the type of the file you want to create.
3. Type the new name or edit the existing name and press the Enter key. Or Just select
the file/folder and press Function key F2.
2. Press the Delete key. Or Right-click and select Delete option from the Shortcut menu.
You can copy a file or a folder in any one of the following ways:
1. Shortcut menu:
c. Select the drive or the folder where you want to make a copy of the selected file or
folder. d. Right-click and select Paste option from the Shortcut menu.
To copy a file or a folder, hold down the Ctrl key while dragging it to the new location.
3. Using Keyboard:
You can move a file or a folder in any one of the following ways:
1. Shortcut menu:
c. Select the drive or the folder where you want to move the selected file or folder.
To copy a file or a folder, select the file and drag it to a new location.
3. Using Keyboard:
You can permanently delete the contents of the Recycle Bin in any one of the following
ways:
Right-click the Recycle Bin icon and then click Empty Recycle Bin.
OR
Or
Q29) What are the general precautions to be taken while cleaning the computer components?
• Never spray cleaning fluid directly on the component of the computer. First spray the liquid
on the cloth and then wipe the component.
• Do not allow the cleaning liquid to drip near the circuit board.
• Preferably use anti-static wrist band which helps to prevent building up of static electricity
near electronic device.
Q30) What are the things the computer virus cannot do?
Antivirus software is a program designed to detect and remove malicious programs from the
computer.
Some examples of antivirus software are McAfee Virus Scan, Norton Antivirus, Microsoft
Security essentials, and Quick Heal.
• Keep the anti-virus software updated so that it can recognize new viruses.
Q33) What are the points to be kept in mind to prevent virus infection?
• Scan all the files that you download from the Internet
• Never click on the windows that pop-up when you are surfing the Internet.
Temporary files are created when you are running computer programs. Microsoft Windows
and Windows programs often create a .TMP file as a temporary file. Temporary files are also
created by web browsers to store your web browser history.
These temp files take up a large amount of disk space so should be removed to clear space.
The steps to remove temporary files are:
3. Right-click Local Disk C: and select Properties option from the Shortcut menu
6. Click the Check box next to Temporary Files, Temporary Internet files, etc. that you want
to delete.
7. Click OK.
10. Windows will delete all the temporary files on the computer.
Q35) How do you remove files of temporary folder?
3. Type %temp%
4. The Temp folder opens, Click Ctrl + A to select all the files in the folder. Press Delete key.
6. All the files in the Temp folder will be deleted. Some files which are related to current
open files may not get deleted. You can ignore those files and close the pop-up window.
Firewalls enhance the security of computers connected to a network, such as LAN or the
Internet. A firewall typically establishes a barrier between a trusted internal network and
untrusted external network, such as the Internet. Firewall inspects each packet of data
whether incoming or outgoing and determines whether it should be allowed to pass or be
blocked.
The main purpose of a firewall is to reduce or eliminate the occurrence of unwanted network
communications while allowing normal traffic.
In computing, cookies are small files which are stored on a user’s computer when you visit a
website on the internet. These files are designed to hold data specific to a particular client and
website.
When you visit a website, it sends a cookie to your computer where it is stored in a file. Only
the website that creates a cookie can read it. Other servers cannot access this information.
These files typically contain information about your visit to the webpage or record your login
information. This may not always be bad. Under normal circumstances, cookies cannot
transfer viruses or malware to your computer. But. Some viruses and malware may get
disguised as cookies.
You can manage your cookies in order to protect your online activity. Each browser stores
cookies in different location. Every browser gives a range of options for handling cookies.
Most browsers store cookie settings under Privacy options. You can use browser’s help files
to control cookie settings.
UNIT: 4
ENTREPRENEURIAL SKILLS
Q1) What are the qualities of successful entrepreneurs?
(a)They are confident and take business decision.
(b) They believe in themselves and their abilities.
(c)They keep trying new ideas in their business.
(d) They are patient and should believe success will come soon.
(e)They are creative and have different solution to the problem that is think differently
about business ideas.
(f) They take responsibility for their actions and mistakes, work to make it better.
(g) They take decisions after thinking about them.
(h) They work hard.
(i) They do not give up when they face a difficulty, stay positive.
Q2) Explain the qualities of an entrepreneur.
Hard work: Without working hard, no entrepreneur can be successful. On an average,
successful entrepreneurs are found to be working anywhere between 60 to 90 hours per week,
which is much higher than 40 hours per week. Entrepreneurs use a lot of trial and error and
keep putting in work till they succeed.
Optimism: Positivity and belief in what they do is what takes entrepreneurs far in their
journey. Entrepreneurs should get think negatively or be afraid of adverse situations. For an
entrepreneur, part of being optimistic is about learning from mistakes and failures and finding
alternative ways to do things.
Independence: Entrepreneurs are confident and like the freedom to take decisions. They
prefer to be their own master and not work under someone else. Entrepreneurs like the
independence to drive a business on their own.
Energetic: Drive and energy is always high in successful entrepreneurs which makes them
extremely proactive. They are continuously taking actions to try multiple approaches and
execute things.
Self-confident: Belief in one’s own vision and abilities and passion for the goal makes
successful entrepreneurs confident. Entrepreneurs are able to transfer this passion and vision
to investors, employees, customers etc. to sell their idea to every stakeholder.
Perseverant: A way of thinking that helps to accept failure, learn from mistakes, not give up,
continuously experiment etc. is crucial for an entrepreneur. Hence, entrepreneurs need to be
perseverant in their pursuit.
Q3) Who is an entrepreneur?
A self-employed person who is always trying to make his/her business better by taking
risks and trying new ideas is an entrepreneur.
Q4) Ramya and Ramu both own plant shops. Ramu sits at his shop every day. When
customers come, he sells to them. Ramya walks around and gets customers to her shop.
She also sells seeds and flowers with her plants. What is the difference between them?
Ramya is working to do more and grow her business. She has also added a different idea
to her business. So, Ramya is an entrepreneur and Ramu is a businessman.
Q5) What do entrepreneurs do when they run their business?
1. Fulfil Customer Needs - Demand means a product or service that people want.
Entrepreneurs find out what people want. Then, they use their creativity to come up with
a business idea that will meet that demand.
2. Use Local Materials- Entrepreneurs use the material and people available around
them, to make products at low cost.
3. Help Society - Entrepreneurs have a positive relationship with society. They make
profits through activities that benefit society. Some entrepreneurs work towards saving
the environment, some give money to build schools and hospitals. This way, the people
and area around them becomes better. These are the roles that entrepreneurs do in a
society.
4. Create Jobs - With the growth of a business, entrepreneurs look for more people to
help them. They buy more material, and from more people. They also hire more people to
work for them. In this way, more people have jobs.
5. Sharing of Wealth - Wealth means having enough money to live a comfortable life.
As entrepreneurs grow their business, the people working for them and in related
businesses also grow. Hey have more money to live a better quality life.
6. Lower Price of Products- As more entrepreneurs sell the same product, the price of
the product goes down. For example, when more mobile phones were getting sold in
India, the cost of the phone became lesser.
Q6) What are the positive impact of Entrepreneurship on society?
• Accentuates economic Growth
• Fosters Creativity
• Stimulates Innovation and Efficiency
• Creates Jobs and Employment Opportunities
• Solves the problems of the society
• Encourages welfare of the society
Q7) How do society boost entrepreneurship?
Society plays a role in boosting entrepreneurship by:
• Creates needs and demands
• Provides raw materials
• Enables financial support
• Creates a need for education
• Catalyses policy formation and reform
• Facilitates networking
• Supports infrastructure development
Q8) What are the functions of an entrepreneur?
1. Making Decisions - An entrepreneur makes decisions every day. This includes what
to produce or sell, how much and where to sell.
2. Managing The Business - An entrepreneur plans the future of his or her business.
He/she arranges for raw material, hires people for work and tells everyone what to do.
They also check if the plan is being followed.
3. Divide Income - The entrepreneur divides the business money to many groups.
He/she spends money to buy material, pays rent of the building and salaries to people.
4. Taking Risk - Risk is the chance of something going wrong. An entrepreneur takes
risks against fires, lost items and theft.
5. Create a New Method, Idea or Product - An entrepreneur is always trying new things.
He/she does this to increase their importance and income.
Q9) What are the classifications of the functions of entrepreneurs?
1. Entrepreneurial functions
1. Organisation Building and Management: Organisation building is about bringing
together different factors of production and allocating these resources to bring down
costs and losses. All decisions relating to an enterprise are taken by the
entrepreneur. An entrepreneur builds the organization by taking various steps such
as hiring employees, organizing the factors of production, sourcing finance etc.
2. Risk taking: Risk taking is about taking responsibility and planning for a loss or
mishap that may occur in the future due to unforeseen contingencies. Some common
risks entrepreneurs take are around return on investment, hiring of new employees,
working with vendors etc. An entrepreneur plays the function of developing a
certain risk-taking appetite and taking calculative risks to reduce adverse
consequences.
3. Innovation: Entrepreneurs innovate by introducing new concepts, products,
services, designs, ideas etc. They may introduce something new and innovative in
any branch of economic activity. In today’s world, a new business cannot survive
and sustain without innovating in some manner. An entrepreneur foresees a
potentially profitable opportunity and innovates in the effort to exploit it.
2. Promotional functions
1. Idea Discovery: The first step towards entrepreneurship is discovery of a business
idea. An entrepreneur comes up with a business idea and thinks about ways to
implement it. It is about seeking opportunities for a specific type of business and
finding ways to commercialize on it. Usually, entrepreneurs work around the
process of idea discovery by exploiting natural resources, finding a market need or
calculating the profit potential.
2. Detailed Investigation: While coming up with ideas can seem like an easy
process, the challenge is to understand if the idea has the potential to turn into a
viable business venture. For this, an entrepreneur conducts research, investigates
and evaluates an idea considering various factors and estimates the total demand
for a new product or service.
3. Assembling the Requirements: Some basic business requirements include
infrastructure or office space, human resources, key vendors or partners, working
capital etc. In a manufacturing or product-based business, some requirements are
selecting the factory site, sourcing plant and machinery, hiring staff, finding the
right suppliers etc. No matter what is the type of the business, an entrepreneur has
to work towards assembling and organizing all the requirements once he/she is
sure about the practicality and profitability of the proposition. Once this function
is performed, the project is set to start smoothly.
4. Financing: Raising capital for a business is one of the core functions that
entrepreneurs perform themselves, not just at the initial stage of the business, but
even to grow and scale the business. First, the requirements of finances are
estimated. Next, the sources from which capital will come are determined. This
includes calculating the long-term and short-term financial requirements and
considering the debt equity ratio.
3. Managerial functions
1. Planning: An entrepreneur documents a business idea in the form of a business
plan, to detail each element of the business such as product or service description,
operations, marketing, finance, accounting, growth plan etc. A business plan
serves as a guide to determine the business objectives and the course of action. It
helps to detail the “what, when, how and who” of doing every specific task.
2. Organizing: Organizing in the managerial context refers to setting specific and
attainable goals and objectives to be achieved by different departments and by
each employee. It is about arranging, directing, guiding, coordinating and
controlling the key business activities.
3. Directing: Directing is about initiating planned action and ensuring that each
employee is performing effectively. This also includes doing continuous
performance reviews and organizing tasks according to plans.
4. Staffing: Staffing refers to different sub-processes around human resource
management, such as manpower planning, recruitment, selection, placement,
training, transfer, salary, promotion, payroll, appraisal etc. The objective of
staffing is to fill a particular position with the right employee at the right time.
5. Leadership: Leadership is more of a skill than a function for an entrepreneur as
he or she has to lead, guide and supervise people who work for the business. As a
leader, an entrepreneur guides, directs, and influences the work of others to attain
specific goals. An entrepreneur acts as a mediator between the individual and the
organisation to ensure mutual benefit satisfaction.
6. Communication: Communication enables exchange of feelings, ideas, emotions,
information and knowledge between two or more persons. An entrepreneur has to
communicate every single day, in the form of writing, responding, drafting emails,
verbal instruction, discussion etc. On an average, entrepreneurs spend 75%-90%
of their work time communicating with others.
7. Supervision: Supervision is a key skill as even overseeing that things are being
executed well is important. An entrepreneur might delegate tasks and give
instructions, but it is important to ensure that these instructions are carried out
well. For example, some tasks entrepreneurs supervise are tracking utilisation of
resources, correcting subordinates where they go wrong, getting the required work
done as directed, ensuring all functions of the business are running smoothly etc.
8. Motivation: Along with guiding employees, an entrepreneur also plays a role of
motivating them and encouraging positive behaviour and culture within the
organization. Motivating employees is about creating an urge in them to exhibit a
desired behaviour and positive attitude towards work. Employees with high
motivation automatically do other things along with it to perform successfully,
such as being productive, flexible, competitive, comprehensive, efficient etc.
9. Co-ordination: Co-ordination between different departments of the business
helps to ensure that work happens in a timely manner. Activities of all employees
must be channelized towards goal achievement. An entrepreneur has to set certain
targets, measures, goals etc. with different departments to ensure all are
coordinating and working effectively internally as well.
10. Controlling: Sometimes controlling is necessary for the entrepreneur to set
company rules and policies. Controlling function helps the entrepreneur to set
performance standards, measure and compare productivity and performance,
identify variations, take corrective action etc.
11. Negotiation: An entrepreneur negotiates terms and conditions for many parts
of the business such as payment terms and timelines, salaries of employees,
vendor quotations etc.
4. Commercial Functions
1. Production and Operations: Depending on whether it is a service business or
product business, an entrepreneur has to perform the function of managing production
or operations. For a manufacturing business, production related activities include
sourcing of raw materials, checking functioning of machinery, utilising maximum
capacity, meeting order requirements etc.
2. Finance and Accounting: While finance is more focused on raising funds and
managing them, accounting helps to record and analyse the financial position of the
business. Thus, an entrepreneur has to prepare and analyse cash flow statements,
income sheet, balance sheet etc.
3. Marketing: Marketing is about moving the product or service from producer into the
hands of the end customer or user. It involves promotion, advertising, distribution,
customer service etc. An entrepreneur has to perform this function to make people
aware about the offerings of the business and makes sales.
4. Human Resource Management: Human Resource Management (HRM) refers to
recruitment, employment, selection, training, development and compensation of the
employees with an organization. An entrepreneur performs this function as no
business can function without people.
Q10) List the myths about entrepreneurship.
1. Every business idea needs to be unique or special ( Great ideas are what makes
entrepreneurs)
In actuality, there is no real or commercial value of just an idea. People who are able to
execute the idea and turn it into a business are referred to as entrepreneurial. A person
can take an idea that is already there in the market and do something different with it.
2. A person needs a lot of money to start a business.
While certain amount of capital is required for take a business off the ground, it varies
depending on the business. The key in entrepreneurship is to start with resources
available and grow slowly and steadily. It is not necessary that one should fear or deter
from entrepreneurship due to lack of financial resources.
3. Only a person having a big business is an entrepreneur.
No business is big or small. If a person is running a business to fulfill a customer need,
they are an entrepreneur. Most businesses start small. It becomes big with hard work
and creativity.
4. Entrepreneurs are born, not made.
It is an assumption that entrepreneurial qualities are inborn and that only people with
certain natural talents can become entrepreneurs. This is a myth and research had
established that almost anyone can be an entrepreneur with the right skills, drive and
passion. There is no set defined way to point towards personality types of entrepreneurs.
Entrepreneurship is a learned skill, not a natural-born ability. You must believe that
anything is possible and it shall be achieved. It starts with thinking of an idea that you
want to work on, making it different.
5. Entrepreneurs have to take a lot of risk
While entrepreneurs definitely have to bear some risks, they do not necessarily put
themselves in high-risk situations. Entrepreneurs take calculated risks and weigh risk
versus reward.
6. Businesses either skyrocket or fail
Although select few start-ups skyrocket and receive all the media attention, it is easy to
adopt an all or-nothing outlook on entrepreneurship. While many ventures make it big
and many fail, a lot of businesses are run with patience and strategy with a focus on
self-sustenance and gradual growth.
7. One must know everything before starting a business
Entrepreneurs continuously thrive to be in a constant state of learning. Being new and
even somewhat naïve can be an asset in today’s rapidly changing world, because
succeeding at entrepreneurship requires energy, innovation and the ability to push
yourself outside your comfort zone. What actually counts is not what you know, but
how fast you can learn.
1. Enter - When an entrepreneur is starting, they are just entering the market to do
business.
2. Survive - There are many entrepreneurs in the market. The entrepreneur has to remain
in a competitive market.
3. Grow - Once the business is stable, an entrepreneur thinks about expanding his or her
business.
1. Innovator’s Role: Entrepreneurs innovate by bringing unique and new products and
services into the market. In many cases, these are improved versions of existing
products or services available. Innovation fuels economic growth and helps to boost
global presence of products and services.
2. Agent’s role: Entrepreneurs act as ‘Agents of Change’ as they identify opportunities,
solve problems, offer effective solutions, establish enterprises, set up industries and
bring positive change for the economy.
3. Coordinating role: An entrepreneur coordinates many things such as factors of
production, delegated tasks, smooth functioning across different business
departments, timely delivery of inputs and outputs etc. However, by combining
resources in an optimal and best possible manner, an entrepreneur even makes use of
under-utilized resources in an economy.
4. Risk assumption role: Entrepreneurs are not risk aversive and they realize that taking
risks is a part of business. The fruit of bearing risks can be profit, which leads to
wealth generation for overall economy.
5. Capital formation role: Mobilization of idle savings takes place when money is
invested in a business. This mobilisation of capital leads to development of assets,
trade activities, increase in capital availability and economic development.
6. Imitating role: In many developing countries, entrepreneurs either imitate or adapt
the innovations of developed nations. These innovations are adapted according to the
local needs and conditions and work towards overcoming the entrepreneurial
challenges.
7. Employment Generation role: Businesses cannot function without employing
people. Skilled professionals, unskilled labour and managerial staff are all required by
businesses. Hence, entrepreneurship solves the problem of unemployment, which is a
major problem in economic development.
8. Status transformation role: Since more and more people are employed by
entrepreneurs, overall income and standard of living of the society increases. This
encourages equitable distribution of wealth and reduces income disparity in the
economy.
9. Balancing role: Entrepreneurship is encouraged with small and micro enterprises and
small-scale industries as well. This encourages regional development and removes
development imbalances in the economy.
Q15) Explain the importance of entrepreneurs.
Entrepreneurship cultivates unique skills and encourages outside the box thinking. It
instils confidence, creates opportunity, offers solutions and stimulates the economy.
Entrepreneurship education provides with the skills and knowledge to come up with
business ideas and develop ventures. It is broadly about learning to practice core
business areas such as marketing, sales, finance, accounting, management etc. and
developing skills such as effective communication, creative problem solving,
adaptability etc.
Entrepreneurial mindset and skills are not necessarily only relevant to becoming an
entrepreneur, but also in any field. Even the top employability skills of today are
basically entrepreneurial skills. In fact, having an entrepreneurial mindset and wide
range of business-relevant skills acquired through studying entrepreneurship would
make one an ideal candidate in most fields.
3. Develops the ability to handle failure and ambiguity:
In the Indian culture, since childhood failure is looked upon as something intolerably
bad. However, a critical part of learning in the entrepreneurial process is to learn
from failure. Hence, going through this process helps to learn from mistakes, take
failure positively and stay motivated to work towards achieving the goal. Similarly,
just like life is uncertain, business is full of ambiguity. While actually finding
solutions to deal with ambiguity, one develops certain traits such as risk
management, perseverance and persistence.
The ability to think critically and solve problems is essential to succeed in the world
of business. The focus of learning is not on these aspects during our school years.
Learning entrepreneurship exposes one to numerous opportunities that force one to
think critically, analyze all alternatives and consider possible solutions.
6. Inspires to think about one’s career differently: Many students do not even
consider that they can try to work on business ideas, take up entrepreneurial projects,
take the initiative to impact society etc. Thus, they tend to develop a certain trail of
thought about their career – from graduating high school to college to looking for a
job. If entrepreneurship exposure is given at the first point when one starts thinking
towards building a career, it can help them to think of different career options and
exploring what they are actually passionate about.
7. Leads to creating difference in society: Entrepreneurs not only economically
impact society but they also work on identifying the real needs and problems of
people and solving them. Learning entrepreneurship encourages one to find problems
that need to be solved, invent a solution for them, and ultimately, make the world a
better place.
UNIT: 5
GREEN SKILLS
Sustainable development is the development that meets the needs of the present without
compromising the ability of future generations to meet their own needs, guaranteeing the
balance between economic growth, care for the environment and social well-being.
2. Not only for the next generation but even for the existing generation, the quality of basic
resources is deteriorating leading to major health concerns such as Cancer, Bronchitis etc.
Ensuring sustainability will help curb these problems.
3. Rising demands is leading to economic disparity. The rich is becoming richer while the
poor is becoming poorer. The uneven distribution of available resources across different
economic fronts is leading to discrimination, giving rise to crime and creating social
imbalance. To ensure proper balance Sustainability is important.
4. Environmental problems like Climate Change, Emission of Green House gases are
alarming. If everyone draws a line for themselves, we will be able to combat these issues with
the help of Sustainable Development.
5. Adoption of Sustainable Development in our daily life and at our work place will also
promote economic growth. Young entrepreneurs with minimum investment can produce
better output. Introduction of Solar Power Plants, Waste Water Treatment Plants, Electric
Vehicles etc. will not only help in protecting Environment but shall also contribute in Saving
money and resources. The economy that reduces environmental risks and strikes ecological
balance is termed as Green Economy.
3. Rising demands is leading to economic disparity. The rich is becoming richer while the
poor is becoming poorer. The uneven distribution of available resources across different
economic fronts is leading to discrimination, giving rise to crime and creating social
imbalance. To ensure proper balance Sustainability is important.
4. Environmental problems like Climate Change, Emission of Green House gases are
alarming. If everyone draws a line for themselves, we will be able to combat these issues with
the help of Sustainable Development.
5. Adoption of Sustainable Development in our daily life and at our work place will also
promote economic growth. Young entrepreneurs with minimum investment can produce
better output. Introduction of Solar Power Plants, Waste Water Treatment Plants, Electric
Vehicles etc. will not only help in protecting Environment but shall also contribute in Saving
money and resources. The economy that reduces environmental risks and strikes ecological
balance is termed as Green Economy.
(a) Food: The amount of rich, fertile land needed to grow crops, such as wheat, rice, etc., is
becoming less as we are using up more and more land for other purposes. Soil nutrients are
also getting depleted and lots of chemicals are spoiling the soil due to use of chemical
fertilisers.
(b) Water: We use fresh water from rivers and ponds for drinking and cleaning but dump
garbage into them. The rivers and ponds are getting polluted. This way after several years, we
will have no clean water for our use.
(c) Fuel: We are using a lot of wood from trees as fuels and for construction of homes and
furniture. As more and more trees are being cut, it is affecting the climate of the place.
Extreme weather conditions, such as floods, extreme cold or heat, are seen in many places,
which affect the people living there.
Q4) How can you attain sustainable development?
• Use of technologies, which are environmental friendly and based on efficient use of
resources.
Q5) How can you contribute to create a Sustainable Society in your daily life?
We can contribute to create a Sustainable Society in our daily life by following 4Rs’ and 1U
of Sustainability. These are Refuse, Reduce, And Reuse, Recycle And Upcycle.
Reduce- is the next step that is minimizing the use of the products that may cause harm to
environment.
Reuse - Reuse products as far as possible, in order to reduce the waste generation.
Recycle - After reusing the product, we must try to recycle it as far as possible. When we
recycle any product, the quality is usually affected and the new product is not of the same
quality as the original product. In these modern times, another smart way has seen its
emergence, this is the U in sustainability – Upcycling.
Upcycling - This allows the scope of human skills to get their due. Any product that is not
usable can be upcycled with creativity and innovation. Upcycling of products could be done
manually as well as with help of machines, giving a new look to the old product and making
it look desirable.
Q6) List the sustainable development goals
The Sustainable Development Goals (SDGs) are a universal call of action to end poverty,
protect the planet and ensure that all people enjoy peace and prosperity.
The 17 SDGs have been made with the aim to take care of important issues facing businesses,
governments and society. They are
Decent Work And Gender Equality Clean Water And Sanitation Life Below Water
Economic Growth
Reduced Inequalities Climate Action Affordable And Clean Peace Justice And
Energy Strong Institutions
Q8) Give example of sustainable development? (Give few examples of how sustainable
development can be done)
Some practices, such as organic farming, vermi-composting and rainwater harvesting are
being used to help preserve the environment.
Organic farming is where farmers do not use chemical pesticides and fertilisers to increase
their production. They use organic and natural fertilisers, such as cow dung to help in
growing crops. This helps in better quality chemical free crops while at the same time
maintaining the soil quality for future use. This is a true example of sustainable development
where we are not only using the earth resources but are also preserving it for our future
generations.
Q9) What are Kulhads’ ?What are the major advantages gained by using ‘Kulhads’ in
Railways in Varanasi and Raibareilly ?
Kulhads’ are clay pots ‘to replace plastic and paper cups and to bring back taste of tradition.
Three major advantages gained by using ‘Kulhads’ are to
1. Increasing population and development has led to the increase in consumption of the
natural resources. The more the population, the more food, energy and water we need.
When we grow more crops, the soil’s nutrients are consumed and slowly the soil
becomes unusable.
2. Similarly, is we continue to use fossil fuels, such as coal, oil and natural gas, very
soon we will run out of these natural resources. We use so many resources from
nature but we don’t give back to nature.
3. Factories give out smoke that pollutes the air.
4. Garbage collected from homes is dumped into landfills. Untreated garbage can lead
to disease and unhealthy environment.
5. Sewage from the cities is dumped into the seas and lakes making it unsafe for marine
life.
This shows that though we are using the natural resources, we are doing nothing to return
or give back to nature. Natural resources are limited and with time they will get over and
if we do not do anything about it, our future generations will not be able to survive.
Q11) List few basic ways in which people can help towards Sustainable Development
Goals.
We should
2. Clean Water and Sanitation - We must make efforts to make India free of open
defecation by building toilets and creating awareness towards sanitation. Industrial
pollution is polluting our water resources, which in near future will cause scarcity of
clean drinking and usable water. We must take measurable steps by promoting
awareness to keep water sources clean.
3. Affordable and Clean Energy - Using solar power i.e., power generated using the
sun does not cause pollution as it does not require burning of non-renewable fuels,
such as coal. We are making efforts to increase the solar power generation so that our
electricity needs are met and at the same time we do not pollute the environment or
use up natural resources. Use of biogas is also an eco-friendly alternative to natural
gas.
4. Decent Work and Economic Growth - We can
(a) Study and find good jobs to take care of ourselves and our families.