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Entrepreneurship Development&Amp; Growth(Entr 331) Question Paper

Entrepreneurship Development&Amp; Growth(Entr 331)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2011

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

Question 1
a) Explain the term “Small Business in Kenya”. (10marks)
b) Discuss the TEN characteristics of entrepreneurial personality traits as pointed out by Bwisa (1998). (10marks)
c) Evaluate the problems faced by enterprises at the maturity stage of their life cycle. (10marks)

Question 2
a) What are the characteristics of cooperative societies? (10marks)
b) If an entrepreneur wants to start a business with partners, what advice would you give on the different types of partnerships he can consider before starting – up the business? (10marks)

Question 3
a) A start-up firm was stagnated in its turnover for the last five years. What growth strategies can you recommend for such a firm to pick up? (10marks)
b) There is stiff completion of production in the market suggest competitive strategies a firm can put in place to have a competitive edge in the market. (10marks)

Question 4
a) Explain the process involved in man-power planning in a firm. (10marks)
b) Management is of vital importance to a firm. Suggest ways in which line managers can assist in firm management. (10marks)

Question 5
a) Evaluate how the current developments in the Kenyan Market affect marketing of products. (10marks)
b) No firm is shielded from risks. How would a firm manage risks that it has identified. (10marks)

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