ISC Class 11 Business Studies Syllabus 2024-25: The ISC Board has released the 2024–25 ISC Class 11 Business Studies syllabus. This article provides students with direct access to the Business Studies syllabus for class 11. The curriculum and syllabus for ISC Class 11 Business Studies are available for students to see and download here. 859, is the subject code for the same. This article focuses on concepts related to management, entrepreneurship, and business operations, including accounting and sustainability. The syllabus is thoughtfully created, with appropriate topic elaboration. There are two components to the ISC class 11 Business Studies paper for 2024-25: theory and project activity. To know the entire syllabus, read the article:
Also Read: ISC Class 11 Syllabus 2024–25.
ISC Business Studies Syllabus: Aims
- To enable candidates to understand the modern business environment and to create awareness about various entrepreneurial opportunities.
- To awaken a spirit of enterprise amongst candidates.
- To provide an insight into the recent trends in business.
- To acquaint candidates with the various aspects of Human Resource Management.
- To provide knowledge and understanding of communication in modern business.
- To identify the various sources of business finance and the role of regulators and intermediaries
ISC Class 11 Business Studies Syllabus Key Highlights
There will be two papers in the Business Studies subject:
| Paper I: Theory (3 hours) | 80 Marks |
| Paper II: Project Work | 20 Marks |
ISC Class 11 Business Studies Syllabus 2024-25
PAPER I: THEORY - 80 Marks
| 1. Business Environment |
| (i) Introduction to the concept of business environment. Meaning and definition of business environment. Meaning and definition of business environment. (ii) Features and importance of business environment. Features: dynamic, relative, inter related, complex, uncertain, totality of internal and external forces, general and specific forces, universality, various stakeholders; Need to understand business environment: first mover advantage, early warning signals, business strategies, competitive advantage, customer confidence and public image, coping with change, customer needs, keeping pace with consumerism. PESTLE analysis and Porter’s five factor analysis in understanding the business environment. (iii)SWOT Analysis Meaning and importance of SWOT analysis. Components of SWOT. |
| 2. Entrepreneurship |
| (i) Introduction to Entrepreneur. Meaning and definition of entrepreneur; Classification of entrepreneurs: independent and spin-off; types of entrepreneurs as given by Clarence Danhof: Innovative, Imitating, Fabian and Drone. (ii) Introduction to Entrepreneurship. Meaning, definition and characteristics of entrepreneurship. Characteristics of successful entrepreneur: forward looking, hardworking, passionate, opinionated, confident, resourceful, positive; Factors affecting entrepreneurship: political, statutory (legal and taxation), capital availability, availability of required labour, availability of required raw material; Types of entrepreneurship: small business, scalable startup, large company, social. (iii)Intrapreneurship Meaning, definition and characteristics of intrapreneurship; Differences between entrepreneurship and intrapreneurship; Classification of intrapreneurs: venture and project; factors affecting entrepreneurship; management support, resource availability, organization structure, risk taking capacity, reward. (iv)Enterprise Meaning and definition; steps in setting up an enterprise: selecting the line of business, choosing the form of ownership, locating the appropriate site to set up the business, financing the proposition (identifying capital requirements and its sources), setting up the physical layout and the facilities, acquiring required human resource. Compliance with statutory requirements, launching the business). Five 2 phases of a business: expansion, peak, recession, trough, recovery. Startup business – meaning only. (v) Business risks and causes of failure. Meaning of business risks. Types of business risks: strategic risks, financial risks, operational risks, compliance risks, competition and market risks, environmental risks, reputational risks, credit risks, innovation risks: a brief explanation of each. Causes of business failure: internal causes (poor management, premature scaling, funding shortfall, inadequate profits, labour problems, small customer base) and external forces (economy fluctuations, market fluctuations, non-availability of credit, change in technology, change in government policies and laws, natural disasters, lack of availability of raw material). Methods of managing business risk: accept and absorb, avoid, transfer, mitigate, exploit (clear understanding of the methods). |
| 3. Managers and Managerial Roles |
| (i) Introduction Meaning and definition of a Manager. (ii) Managerial roles Managerial roles as given by Mintzberg: informational (monitor, disseminator, spokesperson), interpersonal (figurehead, leader, and liaison), and decisional (entrepreneur, disturbance handler, resource allocator, negotiator): brief explanation of these roles. (iii) Authority, responsibility, and accountability. Meaning and definition of authority, responsibility, and accountability; their interrelationship; authority distinguished from power; sources of authority: formal, acceptance, competence; delegation of authority; Principles of delegation of authority; Centralization and decentralization of authority; Distinction between delegation and decentralization of authority (iv) Change management. Meaning and definition of change management; Types of change: developmental, transitional, transformational. Need for change: Internal forces (need for improving productivity, need to reduce costs, need for improving quality of work life, Domino effect, deficiency in the existing system, to enhance innovation); External forces (change in market situations - national and international, changes in technology, changes in population dynamics, changes in the political scenario, changes in the legal system). Resistance to change: reasons for resistance to change - Individual reasons (habits and conventions, fear of unknown, zero tolerance to change (status quo), fear of economic loss, redundancy of skills, egoistic attitude, peer pressure, emotional resistance to change in social groups); Organizational reasons (fear of the unknown, costs involved, management’s lack of faith in change, constraints of organizational structure). Overcoming resistance to change: Brief explanation of Kurt Lewin’s model of change and ADKAR model of change. |
| 4. Automation at Workplaces |
| (i) Introduction Meaning and definition of mechanization and automation; distinction between the two; evolution from mechanization to automation; merits and demerits of mechanization; merits and demerits of automation. (ii) Productivity enhancement tools and facilities at different workplaces.
|
PAPER II: PROJECT WORK - 20 Marks
Candidates will be expected to have completed two projects from any topic covered in Theory. Mark allocation for each Project [10 marks]:
| Overall Format | 1 marks | |
| Content | 4 marks | |
| Findings | 2 marks | |
| Viva-voce based on the Project | 3 marks | |
A list of suggested Projects is given below:
- Study the importance of changes in the business environment. Examine any two companies that had first mover advantage in Indian business environment and how they reacted to entry of global competition.
- Study and compare SWOT analysis of two leading public sector companies from different industries.
- As a fresh graduate, select a business opportunity and prepare a business plan for a startup business giving the following:
- Details of the business idea
- Products and/or services
- Finance and its sources
- Marketing plan
- Explain how promotion of startups contributes to the economic growth of the country. Consider different aspects such as:
- Employment generation
- Mobility of labour
- Capital formation
- Select one firm each from any two different industries (e.g. banking, retail, hotel, pharmaceuticals, tourism, automobile, cement, steel). Analyse the business risks for each of the two firms selected by you. As an efficient manager, how would you mitigate such risks?
- List any two businesses in different industries that have failed drastically and study the reasons for their failure. You may consider aspects such as, Finance, Marketing, Operational inefficiency, Managerial inefficiency, etc.
- Your organization is revamping its processes from manual to automated mode. There is a lot of resistance from the workers. As a senior manager, state how would you overcome this resistance. Discuss on the basis of the following points:
- The nature of business
- Changes that you would propose in the process
- Positive and negative points for the stakeholders
- Benefits of the change to the employees
- Unfreeze Change and Refreeze model for your change management
- Retention policies
- Conclusion
- Bring out in detail the upcoming innovations in any two industries e.g. automobile, education, retail, aviation, hospitality, tourism.
- Make a list of various productivity enhancement tools and facilities available to banking industry and retail business. Study two banks and two departmental stores and examine if they are using the facilities available to them. Evaluate the benefits availed by the firm and the customers.
- Study the productivity enhancement tools and facilities used by corporate world. Examine how it has helped the corporate world perform and serve better.
Click the following link to download the above-mentioned material in PDF format:
| Download ISC Class 11 Business Studies Syllabus 2024-25 PDF |
The ISC Class 11 Business Studies syllabus for the 2024–25 academic year is summed up in this article. The direct link to download a PDF for study purposes is available to students. The curriculum, course information, and project work for Business Studies 11th grade are the main topics discussed in this article.
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