Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

Generally, a mentor does not get involved in the daily activities of the business. But they will stay in contact with the new business owner, and make themselves available when questions arise.
At the start, the person being mentored may need more frequent meetings but as the mentee grows confident, they will need fewer contacts with the mentor. It is for the mentee to select the type of mentoring required.
Mentoring thus may be classified on two grounds:

1. Mode of construction (in which way mentorship is structured).
2. Mode of delivering (in which manner mentorship is rendered).

Informal:

• Goals of the relationship are not specified.
• Outcomes are not measured.
• Mentor and mentee self-select on the basis of personal chemistry.

Formal:

• Mentor and mentee are paired based on compatibility.
• Goals are established from the beginning by the organization.
• Outcomes are measured.

Delivering Mode

• One-on-one: This mentoring matches one mentor with one mentee.
• Group mentoring: This requires a mentor to work with 4-6 mentees at one time.
• Online mentoring: Mentoring relations through computerized programmes.
• Peer mentoring: Mentoring relations, formally or informally with colleagues.