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Entrepreneurship Development &Amp; Growth(Entr 330) Question Paper

Entrepreneurship Development &Amp; Growth(Entr 330)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE (compulsory) and any Other TWO Questions

Question 1
Becoming more Creative as an Entrepreneur
You have decided to build a creatively agile company on a firm belief that creativity will help you and your company thrive. Learning how to be more creative is like learning any skill: You can gain expertise over time. Starting small can help deal with skeptism among staff and your own uncertainty. Begin by trying some techniques by yourself or with a few colleagues. By creative techniques and attitudes, you will gain the confidence and skill to build the company that includes everyone in its creative practice. Remember the goal is always to find a way to tap the creativity of everyone in your company.
Required:
a) Suggest the skills and attitude that will promote development and growth of an entrepreneurial business entity. (6 marks)
b) Discuss any FOUR sources that can help an entrepreneur catalyze growth ambitions of an enterprise. (10marks)
c) Discuss the importance any FOUR creative problem solving techniques that can help overcome the fear of innovation and creativity to grow an entrepreneurial business entity. (8marks)
(d) Explain Effectuation process and illustrate how it can be used to enhance entrepreneurial decision making process in an environment of uncertainty. (6marks)

Question 2
Discuss the factors that determine whether a given business can grow or not. (20 marks)

Question 3
a) Explain with relevant examples the meaning of the following to an entrepreneur.
(i) Industry Environment (6marks)
(ii) Patent (4 marks)
b) Explain what you understand by entrepreneurial resource with illustrations relevant resources that can act as drivers of growth of a given business entity. (10marks)

Question 4
Discuss influence of policy in the development and growth of entrepreneurship in Kenya (20marks)

Question 5
a) Explain your understanding of policies and procedures within a setting of a small business entity (5marks)
b) Evaluate the pros and cons of policy and procedure practice as a driver of business development and growth to entrepreneurs. (15marks)

Entrepreneurship Development &Amp; Growth(Entr 330) Question Paper

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