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Entrepreneurship Growth And Development(Entr 334) Question Paper

Entrepreneurship Growth And Development(Entr 334)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
INSTRUCTIONS
Answer question one and any other two questions.
Question One
What is entrepreneurship development?
(4 Marks)

Discuss any five myths about entrepreneurs.
(10 Marks)

Entrepreneurs use various techniques to generate business ideas. Discuss.
(8 Marks)

What are the four essential qualities of an opportunity?
(8 Marks)

Question Two
Give a detailed account of what you consider to be sources of business ideas.
(10 Marks)

How do entrepreneurs identify a business opportunity?
(10 Marks)

Question Three
An effective business model helps a firm in planning for competition and use of resources. Discuss the components of an effective business model.
(10 Marks)
What is the importance of the following to an entrepreneur?
Patents.
(4 Marks)
Trademarks.
(3 Marks)
Copyrights
(3 Marks)

Question Four
What is feasibility analysis for business ideas?
(2 Marks)

Using illustration discuss the factors that you consider in idea feasibility analysis.
(12 Marks)

Give a detailed account of the types of competitors entrepreneurs have to deal with.
(6 Marks)

Question Five
Porter five forces model is a framework for understanding the structure of an industry and it determines industry profitability. Discuss the model in details.
(10 Marks)

What roles do the board of directors and professional advisors play in an organization.
(10 Marks)

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