ISC Class 11 Business Studies Syllabus
ISC Class 11 Business Studies
Business Studies is one of the important subjects for ISC class 11 Commerce stream. Business touches on almost every aspect of modern human society and the Class 11 syllabus plays a vital role in defining the foundation on the subject as it covers the basic concepts of commerce. With an educational background and knowledge of business studies, students can expect a career that is diverse and often highly paid. The knowledge of various aspects of the subject helps to enrich a student about the outside world. For a diverse choice of career, students need a good hold on the subject and the ISC Class 11 Business Studies syllabus helps lay that foundation.
ISC Class 11 Business Studies Syllabus 2023-2024
Business Studies as a subject, will provide a better understanding of the basics of the business world to the students of class 11, which develops their basic skills. The ISC Class 11 Business Studies syllabus covers all aspects that form the foundation for Class 12.
The Business Studies Class 11 ISC syllabus consists of the following chapters:
Chapter 1: Business Environment
- Introduction to the concept of Business Environment
- Features and importance of business environment
- SWOT analysis
Chapter 2: Entrepreneurship
- Introduction to Entrepreneur
- Introduction to entrepreneurship
- Business risk and causes of failure
Chapter 3: Managers and Managerial Roles
- Managerial Roles
- Authority, Responsibility and Accountability
- Change management
Chapter 4: Automation at workplaces
- Productivity enhancement tool and facilities at different workplaces
ISC class 11 Business Studies syllabus includes all four chapters mentioned above. Students can find simple and detailed descriptions of all the topics covered in the chapters by clicking here.
ISC class 11 Business Studies Paper Pattern
The ISC class 11 business studies syllabus also includes details on the examination pattern. Understanding the exam pattern helps students understand which chapters are vital and can help them score better.
The ISC Class 11 Business Studies paper is divided into two parts, as mentioned below.
- Theory Paper: It consists of 80 marks. Students are allotted 3 hours to complete the paper. The theory paper is divided into two parts:
- Part 1 (20 marks) will consist of compulsory short answer questions.
- Part 2 (60 marks) will consist of eight questions, out of which candidates are required to answer any five questions, each carrying 12 marks.
- Project Work: It consists of 20 marks. The students are expected to complete two projects for any topic covered in theory. Marks allocation for each project is 10 Marks and is segmented as
- Overall form: 1 Mark
- Content: 4 Marks
- Findings: 2 Marks
- Viva-voce based on the project: 3 Marks
Students may refer to ISC class 11 business studies syllabus for more information on the exam pattern, or refer to business studies class 11 notes ISC, important question, ICSE sample paper, study material and ICSE revision notes. In addition, students can also access ISC & ICSE Syllabus by clicking here.
Refer to ISC Class 11 Business Studies Syllabus and Study Materials 2023-24
ISC class 11 Business Studies syllabus is available for students on Extramarks which can be accessed by clicking here. Students can also access the study material for free by clicking on the respective chapter.
Chapter 1: Business Environment
Chapter 2: Entrepreneurship
Chapter 3: Managers and Managerial Roles
Chapter 4: Automation at workplaces.
In addition, students can register online on Extramarks to clear all doubts regarding the syllabus, ICSE sample question papers, ICSE question papers, ICSE revision notes and ICSE important questions. Students may refer to ICSE Solutions by clicking here.
ISC Business Studies Class 11 Syllabus
There are two papers in the subject: Paper I is Theory of 3 hours and 80 marks. Part 1 (20 marks) consists of compulsory short answer questions testing knowledge, application and skills relating to elementary or fundamental aspects of the entire syllabus.
Part II (60 marks) consists of eight questions, out of which you are required to answer any five questions, each carrying 12 marks.
1. Business Environment
(i) Introduction to the concept 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.
(iii) SWOT Analysis
Meaning and importance of SWOT analysis. Components of SWOT.
(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.
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.
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 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
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; 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
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.
- Banks: ATM, passbook printing kiosk, cheque/ cash depositing machine, SMS alerts
- Retail Industry: barcode scanner and POS machine (Point of Sale), card swipe machine
- Corporate Office: Biometric system, photocopy machine, LED Projector, scanners, laptops, smartphones. Video conferencing, intercom, internet and wi-fi, VoIP (voice-over internet protocol).
- Airports: self check-in kiosk, CUTE workstations, automated backdrop, AODB solutions, Airport hub wireless, Advanced ATS.
FAQs (Frequently Asked Questions)
1. What is the exam pattern for ISC Class 11 subject Business Studies?
There are two segments under ISC Class 11 Business Studies Syllabus, theory and project work. The theory paper is further divided into two parts. In the first part, all questions are compulsory and include short answer type questions. It consists of 20 marks. In the second part, students are required to answer a total of five questions out of eight, each consisting of 12 marks.
The project work is of 20 marks.
2. How can I plan my studies as per the ISC class 11 Business Studies syllabus?
Your first step should be to approach the syllabus of class 11 Business Studies and to go through it thoroughly. Acquaintance with the subject will help you to plan your schedule and timetable to block out the time needed each day for a well-defined learning activity. The ISC Class 11 Business Studies syllabus will help you to set your goals for each chapter. Some chapters require more time and some will require less. According to your strengths and weaknesses, you can plan a schedule for your exam preparation effectively. Your plan can be the key to success for ISC class 11 Business Studies.