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Entrepreneurship Skills Question Paper
Entrepreneurship Skills
Course:Bachelor Of Business Information Technology
Institution: Strathmore University question papers
Exam Year:2010
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STRATHMORE UNIVERSITY
BACHELOR OF BUSINESS INFORMATION TECHNNOLOGY
(BBIT)
END OF SEMESTER EXAMINATION
BCM 4212: ENTREPRENEURSHIP SKILLS
DATE: March, 2010 TIME: 2 Hours
INSTRUCTIONS: ANSWER QUESTION ONE AND ANY OTHER TWO
QUESTIONS.
QUESTION ONE (30 marks)
The development and preparation of a business plan can entail many obstacles,
and it takes a strong and committed entrepreneur to complete and implement It.
No one knows this better than Mwende Mbaka the MD of Limwengu Ventures.
Her company supplies pest control products to various organizations including
schools and hotels.
Although today Mwende is a successful entrepreneur, the journey has been long
and challenging with a number of high and low moments. After graduating from
a prestigious university in the country with a degree in Veterinary Medicine, she
began working for a local drug manufacturer in the animal health division as a
field assistant. She moved up the ladder and after only four years she became
the Director of the pest control division.
Like many others she arrived at work one morning to find a note on the door
indicating that the business had closed down and she was jobless.
At this point Mwende made up her mind to start her own business. She took
some risk and sold her house, and embarked on a business plan. Once it was
complete, she tried using it to raise some startup capital, but being a woman she
could not get any bank to lend her the shs 5 million that she needed. Many
prospective clients also turned her away arguing that she did not have the
sufficient capacity to service their pest control requirements.
However, her persistence and hard work paid off, and by the end of the first
year she had attained revenue of shs 2.9 million. Other successes followed and
soon she was pursuing pest control contracts with major organisations. Her
reputation for being independent minded and a strong leader spread throughout
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the industry. Her entrepreneurial skills have spilled over to many people who
have had a chance of working for her, and her commitment to her course has
inspired many others.
In the year 2009, she was voted as the best Business planner of the year.
Required
a) After reading the above case what factors (both positive and negative) do
you thing affect women entrepreneurs? (15 marks)
b) Identify five key characteristics that Mwende has, that have helped her to
succeed. ( 15 marks)
QUESTION TWO (20 marks)
What excites you about being an entrepreneur? What are your concerns?
QUESTION THREE (20 marks)
With all the problems associated with dot-com businesses, what would be your
advice to an entrepreneur who wants to start advertising and selling his
products online.
QUESTION FOUR (20 marks)
(a) How useful to the entrepreneur is a financial plan when it is based on
assumptions about the future yet he knows very well that these assumptions
will not be 100% correct? (10 marks)
(b) What is the role of the government in entrepreneurship? To what extent
should it go to help protect consumers from entrepreneurs? (10 marks)
QUESTION FIVE (20 marks)
Discuss the five competitive factors (Porters model) which directly influence
an entrepreneurs competitive decisions
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