Question
Distinguish between Formal mentoring and Informal mentoring.

Answer

S.No.
Basis
Formal Mentoring
Informal Mentoring
1.
Meaning
 
 
2.
Goals
Goals are established from the beginning by the organisation.
Goals of the relationship are not specified.
3.
Outcome
Outcomes are measured or always Evaluated.
Outcomes are not measured/or rarely evaluated.
4.
Relationship
Mentor and mentee are paired based on compatibility.
Mentor and mentee self-select on the basis of personal chemistry.
5.
Agreement
There is no mentoring agreement.
A mentoring agreement forms one of the early corner stone’s of the partnership.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

Enumerate the various methods by which an entrepreneur can arrange various types of resources.
Explain briefly the following myths relating to entrepreneurship.
  1. Start-ups cannot be financed with debt.
  2. Banks don't lend money to start-up.
A business plan is divided into many headings. Name them.
How do incubators help start-ups get funding?
OR
Enumerate three ways as to how incubators help start-ups get funding.
Explain the meaning of cloud computing.
Describe one example explaining solving problems to meet the needs and wants of people.
OR
“Most entrepreneurial ventures have survived when they solve problems of people, understanding their needs and accordingly changing the product to their needs." Give an example in the support of this statement.
From the following information relates to a company, which produces a single product (Doormats).
Calculate B.E.P (in units) B.E.P in:
Fixed cost = 1,00,000.
Variable cost = 50 per unit.
Sales price = 100 per unit.
A company makes a product with a selling price of ₹ 20 per unit and variable costs of ₹ 12 per unit. The fixed costs for the period are ₹ 40,000/. What is the required output level to make a target profit of ₹ 0,000/-.
'Kamna' is a SSI engaged in the manufacturing of handloom sarees. 60% of the share capital of this unit is jointly owned by Sumitra and her daughter Kamayani. What form of concessions is the above unit entitled to? Identify the value being communicated by the government.
“Professional Entrepreneurs are dynamic in nature". How?