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NIOS Class 10 Entrepreneurship Chapter 12 Resource Mobilisation
Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 10 Entrepreneurship Chapter 12 Resource Mobilisation, NIOS Secondary Course Entrepreneurship Solutions for All Chapters, You can practice these here.
Resource Mobilisation
Chapter: 12
Intext Questions 12.1
(i) State the five Ms of Mobilisation.
Ans: Money, Manpower, Material, Machine and Method.
(ii) _____________ is often termed as new business development.
Ans: Resource Mobilisation.
(iii) __________ and _____________ are examples of physical resources.
Ans: Land and building.
(iv) _________ and _________ are some well known methods of the business resources.
Ans: Technical know – how, trade, secrets.
Intext Questions 12.2
State whether these statements are true or false:
(i) Venture capital is the source of long term finance.
Ans: False.
(ii) Private equity funds are listed at the public exchange markets.
Ans: True.
(iii) Liquidation at the time of winding up is comparatively easy in case of private equity funding.
Ans: False.
(iv) Venture capital investment can be in monetary form in form of technical or managerial expertise.
Ans: True.
(v) Business incubators provide all adequate support from a pure business idea to a successful enterprise and mentoring at various stages of the business lifecycle.
Ans: False.
(vi) Angels often take an ownership stake in the enterprise in exchange of investing their personal funds.
Ans: True.
(vii) Business incubator only provides financial services to the businesses and entrepreneurs.
Ans: True.
(viii) While starting up a business, an entrepreneur is the first person to invest in it.
Ans: False.
(ix) Venture capitalists have no intervention in managerial decisions of the enterprise.
Ans: False.
(x) Private equity fund management companies invest directly in private firms.
Ans: True.
(xi) Angel’s investors avoid investing in small start-ups or entrepreneurs.
Ans: True.
| Terminal Questions |
1. What is mobilisation of resources?
Ans: Resource mobilisation refers to the coordination of all activities involved in securing new and additional resources for an organisation. It involves mobilisation of resources from outside the enterprise. Taking effective measures to make the best utilisation of existing resources is also considered as mobilisation of resources. It is often termed as new business development.
2. Define long term financing sources.
Ans: Long term financing sources are generally required to buy fixed assets and maintain minimum working capital like equity funds, preference shares, debentures, long term bank loan, public deposits etc.
3. Define short term financing sources.
Ans: Short term financing sources are used to meet short term funds requirements for example trade credit, short term bank loans etc.
4. Name the sources for mobilisation of appropriate human resources for the firm?
Ans: Mobilising appropriate human resources for a firm involves identifying and attracting individuals with the right skills, knowledge, and attributes to fulfil the organisation’s needs.
Here are some common sources for mobilising human resources:
(i) Recruitment Agencies: Recruitment agencies specialise in sourcing and screening candidates for various job roles. Resource mobilisation is when a business or organisation secures new or additional resources to meet needs. This process can also include strategies that maximise the efficiency of existing resources.
(ii) Online Job Portals: Looking for new talent to bring to your company can take time and energy. It’s important to find qualified candidates in a timely manner to maintain a company’s smooth operation.Some recruitment portals allow even more customization by helping companies target internal and external job postings. External job postings are open to the public, while internal job postings circulate within a company or organisation.
(iii) Employee Referrals: Employee referrals are a hiring and recruiting method that asks internal employees to recruit or recommend others within their network to apply for roles at an organisation. This method utilises the professional network of existing employees to aid in the recruitment process.
(iv) Networking Events and Job Fairs: A job fair, also commonly referred to as a job expo or career fair or career expo, is an event in which employers, recruiters, and schools give information to potential employees.
(v) Internship Programs: Offering internship programs is a strategic way for firms to identify and attract talented individuals early in their careers.
(vi) Campus Recruitment: Campus recruitment, also known as campus placement or college placement, is when businesses visit educational institutions like colleges and universities to recruit students for internships or full-time positions.
(vii) Social Media Platforms: Social media platforms such as LinkedIn, Twitter, and Facebook can be used to promote job openings, showcase the firm’s employer brand, and engage with potential candidates.
5. Discuss various aspects taken into consideration during the process of human resource mobilisation.
Ans: The classified section of local newspapers, online advertisements etc.
Human resource management looks forward to settle the following aspects:
(i) Total manpower required.
(ii) Identify key required skills.
(iii) Need for training and development.
(iv) Legal compliances attached with mobilising human resource.
(v) Estimation of future demand.
6. Discuss various aspects taken into consideration during the process of educational resource accumulation.
Ans: Following are some aspects taken into consideration during the process of educational resource accumulation:
(i) Alignment with Curriculum and Learning Objectives: Alignment refers to the way in which each of the elements of your course work together to support the intended learning outcomes. When you have the alignment of your course elements figured out, you will naturally have a framework for your course.
(ii) Relevance and Currency: Educational resources should be current, up-to-date, and relevant to the needs and interests of students and educators.
(iii) Diversity and Inclusivity: Entrepreneurship thrives on innovation and the ability to create something new, so diversity and inclusion would be critical to its success. A team that is diverse brings a broad range of perspectives, experiences, and ideas to the table, leading to more innovative and creative problem-solving capabilities.
(iv) Accessibility and Usability: Usability refers to how easy and intuitive it is to use a product, service, or system, while accessibility refers to how inclusive and adaptable it is for people with different abilities, preferences, and contexts.
(v) Being authentic is about being original and genuine in what you do. For you to succeed in your entrepreneurial venture you need to be truly you. Your truth matters a lot and it creates value as well as profits for improving your business.
7. Discuss various aspects taken into consideration during the process of physical resource mobilisation.
Ans: The physical resource mobilisation broadly includes considering the following aspects:
(i) Infrastructure.
(ii) Land and building.
(iii) Plant and machinery.
(iv) Technological know-how.
(v) Franchise.
(vi) Lease agreement or acquisition.
(vii) Furniture and fixtures.
8. Define intellectual resources.
Ans: Intellectual resources refer to intangible assets that are created through the knowledge, expertise, creativity, and innovation of individuals or organisations. It can also refer to human knowledge, skills, and expertise that contribute to an organisation’s or individual’s ability to innovate, problem-solve, and create new opportunities. These resources are valuable for their potential to generate economic value, competitive advantage, and innovation.
9. Explain the concept of Angel’s investment. Name some well-known Angel Investors in India.
Ans: The term Angel Investors was first addressed by William Wetzel, founder of the Center for Venture Research, he completed his study from the University of New Hampshire On how entrepreneurs gather capital. Angel’s investors invest in small start-ups for entrepreneurs. They are typically one of the earliest equity investments made in new startup companies usually in exchange for convertible debt or ownership equity. The angel investor is defined as “an individual who invests in small start-ups or entrepreneurships.”Angels are high net worth individuals who invest their personal funds in start-ups.
some well-known Angel Investors in India are:
(i) Anupam Mittal.
(ii) Anand Chandrasekaran.
(iii) Ritesh Mali.
(iv) Zishaan Hayath.
(v) Varun Alagh.
10. Explain various traditional sources of finance available to an entrepreneur.
Ans: The various traditional sources of finance available to an entrepreneur are:
(i) Owner’s funds: It is one of the earliest sources of funds which are still prevalent. While starting a business, an entrepreneur is the first person to invest in it. These funds are either in cash form or come in collaboration with assets. It proves to outside investors or banks that you have a long term commitment to the project and are ready to take risk.
(ii) Financing by Friends and Family: This is money loaned from the entrepreneur’s spouse, parents, friends and family.This form of capital investment is considered patience lending by the banks and other external investors. Patience lending is repaid when the business starts growing or the share of profit increases.
(iii) Moneylenders /non-institutional funds: This form of raising funds is more prevalent in rural areas or areas where the institutional credit system has not yet developed much. Most of the time, it is more time efficient than other institutional sources of funds. However, the rate of interest charged is extremely high.
11. Explain the concept of venture capital as a source of finance.
Ans: Venture capital is the process of raising capital from individuals and firms that invest in high growth and high risk firms. It is the source of long term finance, for investors investing in new start-up businesses and small businesses in the belief that they have long term growth potential. The venture capital generally comes from investors, investment banks and other financial institutions. This investment could be in monetary form or in the form of technical or managerial expertise. In other words, venture capital is the long term stable capital provided to high potential and growth-oriented start-up companies.
Venture capital funding is a risky affair for investors who invest in start-ups but has the potential for above average returns, considering these are highly risky projects. To invest venture capital wisely requires domain knowledge and expertise.
12. Do you think incubators are the most prevalent source of finance these days? Throw some light on the financial services provided by the incubators.
Ans: Business incubators provide all adequate support from a pure business idea to a successful enterprise and mentoring at various stages of the business lifecycle. Financial support is one of these crucial supports. This way, business incubators play an important role in the development of new business enterprise by providing them support at different stages of its lifecycle. In the context of India, there are various participating departments and agencies for setting up new incubators like Department of Science and Technology, Department of Biotechnology, Department of Higher Education, Ministry of Micro, Small and Medium Enterprises, Department of Electronics and Information Technology.
These are some well-known business incubators:
(i) Seed funds founded in 2011-12.
(ii) Science and Technology Entrepreneurship Park, a technology business incubator based in IIT Kharagpur established in 1989.
(iii) Angel Prime Location, founded in 2011. Ezetap and Hacker Earth are major start-ups in India.
(iv) Centre for Innovation Incubation and Entrepreneurship,set up by IIM Ahmedabad with support from the Government of India and Government of Gujarat, founded in 2002 as a research institute and turned into a full-fledged incubation centre in 2007.
(v) The Amity Innovation Incubation, a pioneering concept in the context of Indian Universities, founded in 2008 and located in Noida, Uttar Pradesh.
13. What are the functions of incubators? Name some incubators in India providing financial services to enterprises.
Ans: Business incubators provide all adequate support from a pure business idea to a successful enterprise and mentoring at various stages of the business lifecycle. Financial support is one of these crucial supports. This way, business incubators play an important role in the development of new business enterprise by providing them support at different stages of its lifecycle.
In the context of India, there are various participating departments and agencies for setting up new incubators like Department of Science and Technology, Department of Biotechnology, Department of Higher Education, Ministry of Micro, Small and Medium Enterprises, Department of Electronics and Information Technology. The Niti Aayog under Atal Innovation Mission has pledged to provide the funds to these agencies for setting up of the business incubators.
These are some well-known business incubators:
(i) Seed funds founded in 2011-12.
(ii) Science and Technology Entrepreneurship Park, a technology business incubator based in IIT Kharagpur established in 1989.
(iii) Angel Prime Location, founded in 2011. Ezetap and Hacker Earth are major start-ups in India.
(iv) Centre for Innovation Incubation and Entrepreneurship,set up by IIM Ahmedabad with support from the Government of India and Government of Gujarat, founded in 2002 as a research institute and turned into a full-fledged incubation centre in 2007.
(v) The Amity Innovation Incubation, a pioneering concept in the context of Indian Universities, founded in 2008 and located in Noida, Uttar Pradesh.
14. Define private equity as a source of finance. Critically analyse private equity fund as a source of finance.
Ans: Private equity fundis a collective investment scheme. It is typically a limited liability partnership contract with a term of 10 years, generally withannual renewals.In other words, private equity is an alternative investment class and consists of capital that is not listed on a public exchange market. It comprises of funds and investors that directly invest in private companies. Private equity fund investors invest at the later stages of the company. They generally take interest in operating activities of the firm and help they improve. A private equity fund is raised and managed by investment professionals of a specific private equity firm.
