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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning4 Marks
Question
Explain any four elements of a 'Project Report'.
✓

Answer

  1. Introductory profile/ general introduction: This is the title or cover page that provides a brief summary of business plan's contents. The information of general nature contained in the introductory profile includes. Entrepreneur's bio-data, Industry's profile, Constitution and organization, Product details.
  2. Description of venture/ business venture: This section of the business plan generally begins with the "mission statement" by the entrepreneur describing the size, scope and nature of the enterprise. This includes description of Site, Physical infrastructure, Raw material, Labour, Utilities, Pollution control, Transport and communication system, Machinery and equipments, Production process.
  3. Production Plan: Production, the most important activity of an enterprise, because it is here that transformation of raw material into finished product takes place with the help of energy, capital, manpower and machinery. This includes No manufacturing involved, Partial manufacturing , Complete Manufacturing:
  4. Operational plan: Operational plan is a system whereby there is achieved a smooth and coordinated flow of work within the factory so that, by planning and control of all the productive operations in all the stages of manufacture, the final product is completed in accordance with the plans. In operational plans include Routing, Scheduling, Dispatching. Follow-Up Inspection Shipping.
  5. Financial plan: Finance is one of the most important pre-requisites to establish an enterprise. Availability of finance facilities the entrepreneur to bring together men, material, machines and methods to produce goods/ services.

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