Common Management Admission Test (CMAT) is a widely recognized exam that assesses an individual’s ability to manage and lead in the business world. Last year, a new subject was added to the exam – Innovation and Entrepreneurship. This subject focuses on the latest trends and techniques in entrepreneurship, providing a comprehensive guide to mastering the art of business. Whether you are an aspiring entrepreneur or a seasoned business professional, this guide will equip you with the skills and knowledge needed to succeed in the competitive world of business. In this article, we will explore the CMAT new subject in Innovative Entrepreneurship and provide a complete guide on how to ace the exam and become a successful entrepreneur.
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| CMAT 2024 | CMAT Result | CMAT Score |
CMAT 2024 Innovation and Entrepreneurship
The Innovation and Entrepreneurship section of CMAT 2024 focuses on the latest trends and techniques in entrepreneurship. It covers topics such as innovation management, design thinking, business model innovation, social entrepreneurship, and startup funding. The section is designed to assess the candidate’s ability to identify and evaluate new business opportunities, develop innovative ideas, and create value for customers.
The addition of the Innovation and Entrepreneurship subject in CMAT 2024 is a step in the right direction, as it will equip aspiring entrepreneurs with the skills and knowledge needed to succeed in the competitive business world. By following the tips and strategies mentioned in this guide, candidates can crack the CMAT Innovative Entrepreneurship section and become successful entrepreneurs.
CMAT Innovative Entrepreneurship Syllabus 2024
The syllabus for the Innovative Entrepreneurship section of CMAT 2024 includes the following topics:
- Innovation management
- Design thinking
- Business model innovation
- Social entrepreneurship
- Startup funding
- Intellectual property rights
- Entrepreneurial finance
- Venture capital
- Angel funding
- Crowdfunding
CMAT Innovative Entrepreneurship Exam Pattern 2024
The CMAT 2024 exam pattern for the Innovative Entrepreneurship section is as follows:
| Particulars | Details |
|---|---|
| Total Number of Questions | 20 |
| Total Marks | 80 |
| Duration | 180 minutes |
| Marking Scheme |
|
Also Check: CMAT 2024 Exam Pattern
CMAT 2024 Innovation & Entrepreneurship Preparation Tips
Preparing for the Innovation and Entrepreneurship section of CMAT 2024 requires a strategic approach. Here are some tips to help you crack the exam:
- Understand the syllabus: The first step in preparing for any exam is to understand the syllabus. Go through the syllabus for the Innovative Entrepreneurship section of CMAT and make a list of topics that you need to focus on.
- Create a study plan: Once you have understood the syllabus, create a study plan that suits your schedule. Allocate time for each topic and make sure you stick to the plan.
- Practise mock tests: Practise mock tests to get familiar with the exam pattern and to evaluate your preparation level. Analyse your performance and identify areas that need improvement.
- Read business news: Stay updated with the latest business news and trends. This will help you understand the practical application of the concepts you learn.
- Solve previous year’s question papers: Solve previous year’s question papers to get an idea of the types of questions asked in the exam. This will also help you manage your time during the exam.
CMAT 2024 Innovation & Entrepreneurship Books
Here are some recommended books and study materials for the Innovation and Entrepreneurship section of CMAT 2024:
| Book Name | Author/ Publisher |
|---|---|
| Innovation and Entrepreneurship | Peter F. Drucker |
| Design Thinking: Integrating Innovation, Customer Experience, and Brand Value | Thomas Lockwood |
| Social Entrepreneurship: What Everyone Needs to Know | David Bornstein |
| Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers | Alexander Osterwalder and Yves Pigneur |
| Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist |
|
Apart from these books, there are several online resources available, such as Coursera, Udemy, and edX, that offer courses on Entrepreneurship and Innovation.
Also Check: Best Books for CMAT 2024
CMAT 2024 Innovation & Entrepreneurship Coaching and Online Resources
Coaching institutes and online resources can be helpful in preparing for the Innovation and Entrepreneurship section of CMAT 2024. Here are some popular coaching institutes and online resources:
- IMS Learning Resources
- T.I.M.E
- Career Launcher
- TestFunda
- TestPotter
- Apart from these coaching institutes, there are several online resources available, such as MockBank, TestSeries.io, and Testbook, that offer mock tests and study materials for CMAT.
Career Opportunities in Innovative Entrepreneurship
Innovative entrepreneurship opens up a world of career opportunities. Here are some career options in innovative entrepreneurship:
- Entrepreneur: Start your own business and become an entrepreneur.
- Innovation Manager: Work with companies to identify new business opportunities and develop innovative ideas.
- Business Development Manager: Develop and implement strategies to grow the business.
- Product Manager: Develop and manage new products and services.
- Venture Capitalist: Invest in startups and help them grow.
Future Scope of Innovative Entrepreneurship in India
India has a bright future in Innovative Entrepreneurship. The government has been taking several initiatives to promote entrepreneurship in the country. The Startup India program, launched by the government in 2016, aims to create a conducive environment for startups to grow and flourish. The program offers several benefits, such as tax exemptions, funding, and mentorship, to startups.
Apart from the government’s initiatives, several private players have also been investing in startups. The rise of technology and the internet has also created new opportunities for entrepreneurship in India. With the right skills and knowledge, aspiring entrepreneurs can make a significant contribution to the country’s economic growth.
Also Check: CMAT 2024 Selection Procedure
Frequently Asked Questions
Ques. What are the important topics covered in the Innovation and Entrepreneurship section of the CMAT 2024 exam?
Ans. The important topics covered in the Innovation and Entrepreneurship section of the CMAT 2024 exam are Innovation Management, Design Thinking, Business model innovation, Social entrepreneurship, Startup funding Intellectual property rights, Entrepreneurial finance, and Venture capital.
Ques. When will the CMAT 2024 exam be conducted?
Ans. The CMAT 2024 exam will be held tentatively in May 2024.
Ques. What is the CMAT 2024 exam pattern for the Innovation and Entrepreneurship section?
Ans. The CMAT 2024 exam pattern for the Innovation and Entrepreneurship section consists of a total of 20 questions for a maximum of 80 marks.
Ques. What is the benefit of the Innovation and Entrepreneurship section in CMAT 2024?
Ans. The Innovation and Entrepreneurship subject in CMAT 2024 is a step in the right direction, as it will equip aspiring entrepreneurs with the skills and knowledge needed to succeed in the competitive business world. This section is designed to assess the candidate’s ability to identify and evaluate new business opportunities, develop innovative ideas, and create value for customers.
Ques. What are the best books for the CMAT 2024 Innovation and Entrepreneurship section?
Ans. The best books for the CMAT 2024 Innovation and Entrepreneurship section are “Innovation and Entrepreneurship” by Peter F. Drucker, “Design Thinking: Integrating Innovation, Customer Experience, and Brand Value” by Thomas Lockwood, “Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers” by Alexander Osterwalder and Yves Pigneur, and “Social Entrepreneurship: What Everyone Needs to Know” by David Bornstein.