CMAT Innovation and Entrepreneurship 2022: How to Prepare, Syllabus, Question & All You Need to Know

By Aditi Joshi|Updated : February 17th, 2022

Common Management Admission Test (CMAT) is a national level exam conducted every year for the aspirants who wish to take admissions into MBA/PG courses. National Testing Agency conducts this test once a year. This year the CMAT 2022 test pattern has been changed. Last year, NTA has introduced the section i.e. CMAT Innovation and Entrepreneurship, which was optional and consisted 25 questions of 4 marks each. However, this year as per the notification released by NTA  CMAT 2022 will consist of 20 questions of 4 marks each in the Innovation and Entrepreneurship section. The students who are appearing for this exam must know the CMAT 2022 Syllabus and Exam pattern to score well.

Table of Content

CMAT 2022 Exam Pattern

CMAT 2022 will consist of the following sections:

SectionsNo.of QuestionsMarks
Quantitative Techniques and Data Interpretation2080
Logical Reasoning2080
Language Comprehension2080
General Awareness2080
Innovation & Entrepreneurship2080
Total100400
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What is Innovation &  Entrepreneurship

When you come across this section, the first thing that comes to your mind is what does innovation means. It simply means, by applying your creativity, you come up with a unique idea or solution. Here, business management, deals with the concepts of innovation management terminology. You define your creativity and explain how creativity can be stimulated. It demonstrates the importance of innovation strategy in our lives. It describes what a product portfolio is, explains how innovation projects should be selected and managed, and shows the importance of teams, team structures, and networks for innovation.
Entrepreneurship meaning is to apply innovation, to bring the idea to life. Entrepreneurs grasp the opportunity of innovating something. They build businesses and propel innovation forward to have a better future. In this section, the main focus is to test the candidate’s capability of handling business affairs. It deals with the topics like attributes and characteristics of a successful entrepreneur, the role of the entrepreneur in the Indian economy, and developing economies concerning Self-Employment Development. It also gives an idea of how to manage technical problems, financial projects & marketing.

Reason to Introduce This Section in CMAT

The main reason behind introducing this section in CMAT 2021 was to target those students who wish to be entrepreneurs after completing their post-graduation. Few colleges like Sydenham Institute of Management Studies and Research and Entrepreneurship Education, Mumbai, and International School of Business & Media, Pune through their courses cater to the concepts of Entrepreneurship and its Development. Their main focus is to provide practical knowledge about the business so that the interested candidates can have a brilliant business mind. The candidates who wish to become businessmen in the future should surely attempt this section.

Check - CMAT Exam Pattern 2022

Scope and Syllabus of Innovation and Entrepreneurship in CMAT 2022

Syllabus of Innovation & Entrepreneurship
  • Concepts of Innovation Management Terminology
  • The innovation adoption of the life cycle at the individual level
  • Creativity and its stimulation
  • Three types of idea management systems
  • Management of innovation projects
  • The Entrepreneurial Development
    • Concepts of Entrepreneurship Development
    • Evolution of the concept of Entrepreneur
    • Attributes and Characteristics of a Successful Entrepreneur
    • Entrepreneur Vs. Intrapreneur, Entrepreneur Vs. Manager & Entrepreneur Vs. Entrepreneurship
    • Role of Entrepreneur in the Indian economy and developing economies
    • Entrepreneurial Culture
  • Creating Entrepreneurial Venture
    • The procedure of Business Planning
    • Environmental Analysis – Searching and Scanning
    • Identifying problems and opportunities
    • Describing Business Idea
    • Basic Government Procedures to be complied with
  • Project Management
    • Technical, Financial, Marketing, Personnel and Management Feasibility
    • Estimating and Financing funds requirement – Schemes offered by various commercial banks and financial institutions like IDBI, ICICI, SIDBI, SFCs
    • Venture Capital Funding
  • Entrepreneurship Development and Government
    • Role of Central Government and State Government in promoting Entrepreneurship
    • Role of other agencies in the Entrepreneurship Development

Few Sample Questions for Innovation and Entrepreneurship

Q1.

        Assertion (Ꭺ)

Entrepreneurial innovation and experimentation are constantly destroying the old equilibria and introducing a new one, making possible higher standards of living.

        Reason (Ꭱ)

Markets do not passively tend towards equilibria until profit margins are erased.

  1. Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ
  2. Both Ꭺ and Ꭱ are false
  3. Ꭺ is false but Ꭱ is true
  4. Ꭺ is true but Ꭱ is false

Q2. Match the following:

DEVELOPERSCONCEPTS
A. Thompson and Strickland1. Superior performance
B. Stoner and Freeman2. Discontinuous process
C. Kuratko, Hornsky3. Organisational Process
D. Peter Kilby4. Management
  1. (A) (B) (C) (D)
     1    2    3    4
  2. (A) (B) (C) (D)
     1    4    3   2
  3. (A) (B) (C) (D)
     3    1    2    4
  4. (A) (B) (C) (D)
     3    4    1   2

Q3. The components of the E-business model are

  1. Web Server
  2. WebMaster
  3. Internet
  4. Web Administrator
  1. I ii & iii
  2. I ii iii & iv
  3. I & iii only
  4. iii only

Preparation Tips for CMAT 2022 Innovation and Entrepreneurship

Innovation and Entrepreneurship section was introduced in CMAT 2021 as an optional section with 25 questions. However, in CMAT 2022 the pattern changed and this section is no longer an optional section but a part like the other sections asked in CMAT with 20 questions. Aspirants who dream of becoming an Entrepreneur must be fully prepared with the theories and concepts one requires in starting his/her enterprise. For the aim of clearing the section in CMAT 2022, one must follow the tips given below:

  • Think logically while answering such questions
  • One should have a clear mindset of doing a business (what decision might be beneficial/harmful etc.) - This will help a lot in Assertion-Reason type of questions
  • Read about some of the famous innovators and their inventions
  • Know basics about starting an enterprise
  • Read details about the government-aided entrepreneurial schemes (like Stand-up India - Start-up India, etc.)

 

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FAQs

  • As per the notification released CMAT 2022 will consist of a total of 100 questions

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