Prepare for Entrepreneurship Subject in B.Com (Hons) | Exposure to Entrepreneurship in Graduation

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Entrepreneurship exam is a Skill Enhancement Course (Sec-2) conducted in 4th semester for B.com (Hons) students in Delhi University. After getting admission in B.Com (Hons) atDelhi University, You will get two choices for skill enhancement course, one of them is Entrepreneurship and the other one is Collective Bargaining and Negotiation Skills. In semester 4 you will get total five subjects three core subjects, one General elective, and one Skill Enhancement Course. Entrepreneurship mainly focuses on the entrepreneurial skills of students, those students who wanted to become entrepreneur in future can get a full knowledge about the procedure, process, and the essentials required to become an entrepreneur. This subject put emphasis on practical knowledge, its objective is to understand entrepreneurship and creative thinking and behaviour for effectiveness at work and in life. The syllabus consists of five units.

Entrepreneurship Subject in B.COM (Hons) in Delhi University

Unit 1: Introduction

Meaning, elements, determinants and importance of entrepreneurship and creative behaviour. Entrepreneurship and creative response to the society’ problems and at work. Dimensions of entrepreneurship: intrapreneurship, technopreneurship, cultural entrepreneurship, international entrepreneurship, netpreneurship, ecopreneurship, and social entrepreneurship.

Unit 2: Types of business entities

Entrepreneurship and Micro, Small and Medium Enterprises. Concept of business groups and role of business houses and family business in India. . The contemporary role models in Indian business: their values, business philosophy and behavioural orientations. Conflict in family business and its resolution

Unit 3: Entrepreneur sustainability

Public and private system of stimulation, support and sustainability of entrepreneurship. Requirement, availability and access to finance, marketing assistance, technology, and industrial accommodation, Role of industries/entrepreneur’s associations and self-help groups. The concept, role and functions of business incubators, angel investors, venture capital and private equity fund.

Unit 4: Business plan preparation

Sources of business ideas and tests of feasibility. Significance of writing the business plan/ project proposal. Contents of business plan/ project proposal. Designing business processes, location, layout, operation, planning & control; preparation of project report (various aspects of the project report such as size of investment, nature of product, market potential may be covered). Project submission/ presentation and appraisal thereof by external agencies, such as financial/non financial institutions.

Unit 5: Mobilising resources

Mobilising resources for start-up. Accommodation and utilities. Preliminary contracts with the vendors, suppliers, bankers, principal customers; Contract management: Basic start-up problems.

This exam is conducted for 100 marks, 75 marks are for external assessment and 25 marks are for internal assessment. This can be easily explained by the table below.

ASSESSMENT MARKS
External assessment 75
Internal assessment 25
         Attendance 5
          Project file 10
          Assignment 10

The student has to appear in both internal and external assessment to pass the examination and must get the minimum marks required for passing the examination.

External assessment is a 75 marks theory exam conducted at the end of semester which includes 1 question from each unit. It has total 5 questions with internal choice.

Internal assessment is conducted by subject teacher which includes 1 project file. Project file consists of a creative idea which a student has to introduce to start a new business. In this project file, student has to give detailed information about new idea and how he will execute it. One has to give information about the funds, legal requirements, product designing, product pricing, and channel of distribution, location, and feasibility report, size of the investment, project report and names of financial institutions. This will help a student to think as an entrepreneur which helps them in future.

Proper research should be required to prepare the project like market conditions, market prices, ideas already prevailing in the market and what innovation can be introduced in the product. Proper planning is required to make the project more effective. Apart from this there is one more assignment which consists of some entrepreneurship questions given by the subject teacher.

How to prepare for the Entrepreneurship exam

Firstly you have to make a schedule that how much time you have to devote on each subject and work according to the schedule. There is no need to learn the exact book language you just have to go through the book and understand the concepts and write it in your own words. It is a theory subject but has a practical essence so one can easily understand the concepts and write it in your own words. When it comes to book recommended for this subject, every teacher recommends the book which she/he thought would be appropriate. Some of the recommended books are:

  • TAXMAN’S  Fundamental of entrepreneurship
  •  Bhide, Amar V. The Origin and Evolution of New Businesses. Oxford University Press, New York
  • Kuratko and Rao, Entrepreneurship: A South Asian Perspective, Cengage Learning.
  • Desai, Vasant. Dynamics of Entrepreneurial Development and Management. Mumbai, Himalaya Publishing House.
  • Dollinger, Mare J. Entrepreneurship: Strategies and Resources. Illinois, Irwin. Apart from this, you can also practice from the last years’ question papers to get the better result. By practising last year question papers you can understand the criteria of the exam and also manage time. You can track your time and check whether you are able to complete your exam on time or not. From this you can get a blueprint of question paper.By following all the above guidelines you can pass your entrepreneurship examination with higher grades.
  • You should manage your time while doing the exam ,exam contain five question with internal choice so  you should give each question 30 minutes to complete the exam in 3 hours and if you have a habit to revise your answer sheet, you should complete each question in 25 minutes so that you can complete your exam in approximately two and the half hours and you will get half an hour to revise your answer sheet.