This page contains the entrepreneurship class 11 cbse book chapter/unit Resource Mobilization: Mentorship notes where in the questions/answers/solutions for this chapter/unit 7.4 are covered.
This page contains Resource Mobilization: Mentorship related solutions. If you’re looking for other questions/solutions in the Resource Mobilization chapter, you can find them at
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Q.1. Answer in not more than 15 words:
Question Q.1.(i)
Q.1.(i) Who is a ‘Mentor’?
Answer Q.1.(i)
A mentor is a trusted guide, advisor, and experienced person who supports another’s development.
Question Q.1.(ii)
Q.1.(ii) Define the term ‘Business Mentor’.
Answer Q.1.(ii)
A business mentor is a well-established person who advises and guides a new entrepreneur.
Question Q.1.(iii)
Q.1.(iii) Give one difference between Group mentoring and Peer mentoring.
Answer Q.1.(iii)
Group mentoring has one mentor with several mentees;peer mentoring occurs between colleagues.
Q.2. Answer in not more than 50 words:
Question Q.2.(i)
Q.2.(i) What is informal mentoring?
Answer Q.2.(i)
Informal mentoring is a type of mentoring in which goals are not specified, outcomes are not measured, and the mentor and mentee choose each other on the basis of personal chemistry.
Question Q.2.(ii)
Q.2.(ii) Enumerate the role played by the Mentor.
Answer Q.2.(ii)
A mentor provides support, identifies strengths and weaknesses, helps define problems, gives feedback, finds information, assists in documentation, guides plans, helps in resource utilization, finding partners, accessing funds and technology, introducing experts, and building confidence in the mentee.
Q.3. Answer in not more than 75 words:
Question Q.3.(i)
Q.3.(i) What benefits do Mentors gain from their function?
Answer Q.3.(i)
Mentors also gain many benefits from mentoring. Mentoring gives them a sense of satisfaction, helps them develop leadership and communication skills, improves their own learning, and gives them recognition and respect. It also helps them build stronger professional relationships and keeps them connected with fresh ideas and new entrepreneurial thinking.
Question Q.3.(ii)
Q.3.(ii) Explain the concept of mentoring. Give 2 examples to support your answer.
Answer Q.3.(ii)
Mentoring means a supportive relationship in which an experienced and trusted person guides, advises, and helps another person in growth and development. In business, mentoring helps a new entrepreneur gain confidence, direction, and practical support. Two examples are:
1.
A successful shop owner guiding a beginner in running a retail store.
2.
A senior businessperson advising a young entrepreneur on finance and marketing decisions.
Q.4. Answer in not more than 150 words:
Question Q.4.(i)
Q.4.(i) Briefly state the different types of mentoring.
Answer Q.4.(i)
Different types of mentoring are as follows:
1.
Formal mentoring– It is a structured relationship with fixed goals, planned outcomes, and regular evaluation.
2.
Informal mentoring– In this type, goals are not formally specified, outcomes are not measured, and mentor and mentee usually choose each other naturally.
3.
One-to-one mentoring– One mentor guides one mentee personally.
4.
Group mentoring– One mentor works with a small group of mentees.
5.
Peer mentoring– Colleagues or equals support and guide each other.
Thus, mentoring may be structured or informal, individual or group-based.
Question Q.4.(ii)
Q.4.(ii) “Not only the entrepreneur but also the entire organization benefits from mentoring”. Explain?
Answer Q.4.(ii)
Yes, this statement is correct. Mentoring benefits not only the entrepreneur but also the whole organization. A mentor helps the entrepreneur identify strengths and weaknesses, define problems, find solutions, plan effectively, use resources properly, locate partners and funds, and gain confidence. This improves the entrepreneur’s decisions and performance.
The organization also benefits because better leadership leads to better planning, smoother operations, proper resource utilization, stronger teamwork, and improved problem-solving. Mentoring can also help the organization connect with experts, new technology, and better opportunities. In this way, mentoring increases efficiency, confidence, and growth not only for the entrepreneur but for the enterprise as a whole.
Q.5. Answer in not more than 250 words:
Question Q.5.(i)
Q.5.(i) Discuss the role and importance of mentoring.
Answer Q.5.(i)
Mentoring plays a very important role in entrepreneurship because it provides guidance, support, confidence, and practical direction to the entrepreneur. A mentor helps the entrepreneur in many ways: identifying strengths and weaknesses, defining problems clearly, collecting useful information, giving proper feedback, helping in documentation, guiding planning, using resources effectively, finding business partners, getting access to finance and technology, introducing experts, and building self-confidence.
The importance of mentoring is that it reduces confusion and uncertainty for a new entrepreneur. A beginner may have ideas, but may not have enough experience to take the right decisions. A mentor makes the path easier by sharing knowledge and practical wisdom. Mentoring also benefits the organization because better guidance leads to better planning, improved performance, effective use of resources, and stronger business growth.
Mentors themselves gain satisfaction, learning, recognition, and stronger relationships through mentoring. Thus, mentoring is important not only for the success of the entrepreneur but also for the development of the whole enterprise.
Question Q.5.(ii)
Q.5.(ii) Explain mentoring. What are the characteristics?
Answer Q.5.(ii)
Mentoring means a supportive relationship in which an experienced, trusted, and wise person guides another person in growth and development. In business, mentoring helps a new entrepreneur by giving advice, encouragement, and direction. A business mentor is usually a well-established person who supports a new entrepreneur.
The characteristics of mentoring are:
1.
Guidance by an experienced person
2.
Trust and personal support
3.
Exchange of knowledge and practical advice
4.
Development of confidence and decision-making ability
5.
Focus on growth of the mentee
6.
Helpful and continuous relationship
Mentoring may be formal or informal, and may happen one-to-one, in groups, or among peers.