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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
Discuss the challenges faced by small enterprises at the growth stage of their lifecycle.
(10mks)
Evaluate how current development in the Kenyan market affect demand of products.
(10mks)
Explain the methods you recommend to an entrepreneur to rejuvenate a business that has reached decline stage.
(10mks)

Question Two
What are the characteristics of partnership?
(10mks)
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.
(10mks)

Question Three
Mr. Mulolongo has borrowed a loan from a commercial bank to expand his business to consider of Africa. What survival strategies would you recommend to him to make his business successful?
(10mks)
Why is delegation so important to entrepreneurs who are making the transition form an entrepreneurial venture to the diversified operations of the growth stage?
(10mks)

Question Four
Identify and explain five common methods for entrepreneurs to engage in the international marketplace.
(10mks)
What are the advantages and disadvantages of a joint venture? (10mks)

Question Five
Identify and explain five managerial concerns of small businesses. (10mks)
Briefly explain the stages of development of a new venture.
(10mks)

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