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SUBJECT : ENTREPRENEURSHIP MANAGEMENT
COURSE : Total Marks : 80
Attempt any five questions. (16 Marks each)
- 1) Who is an Entrepreneur? What is the influence of environment on growth of entrepreneurship?
Answer: An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. An entrepreneur: Sees an opportunity. Makes a plan.Starts the business.Manages the business.Receives the profits.An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn.
- 2) Discuss the role, functions and objectives of State Financial Corporation in promoting SSI Units?
Answer: India’s State Finance Corporations: Management, Functions and Working of SFCs!
The State Finance Corporations (SFCs) are the integral part of institutional finance structure in the country. SEC promotes small and medium industries of the states. Besides, SFCs are helpful in ensuring balanced regional development, higher investment, more employment generation and broad ownership of industries.
At present there are 18 state finance corporations (out of which 17 SFCs were established under SFC Act 1951). Tamil Nadu Industrial Investment Corporation
- 3) What factors present in our society could account for the differences between male and female entrepreneurs today? How do you think men and women entrepreneurs will differ in next tendays?
Answer: Are men better entrepreneurs than women? Many of you are probably nodding your head right now. Men are traditionally portrayed as being more successful than women in starting and maintaining a business. Men dominate the list of famous entrepreneurs. The few women who do show up on the list such as Oprah Winfrey and Rachael Ray are known for running businesses that cater primarily to women. So there’s your answer. Men are better entrepreneurs.
Or are they?
The real answer lays not in the size of the businesses that women run but in the type of business. According to the National Women’s Business Council, the economic impact of women-owned businesses in the United States is just shy of the $3 trillion mark, a number that is far too large to be ignored. The reality is that women often own and operate smaller bu
- 4) How do you scout for new ideas? How do you shortlist the most promising ones? Discuss?
Answer: What makes the difference between a good idea and a great idea? Good ideas come along all the time and help people solve minor problems in work and daily life. Great ideas appear a little less frequently and require a little more work to execute. Great ideas aren’t necessarily the result of highly-paid think tanks or drug-induced vision quests in the desert. Often they are unexpected moments of inspiration that help keep the napkin companies in business.
The big challenge of generating great ideas is freeing yourself from the conventional, mundane thoughts that occupy most of your brain time. Here are seven tips to help you open your mind and stimulate your great idea generator.
- 5) What is the importance of determining financial viability of a project?
Answer:
- 6) What are the steps in identifying the critical path in a Network ?
Answer:If you have been into project management, I’m sure you have already heard the term ‘critical path method.’If you are new to the subject, it is best to start with understanding the ‘critical path’ and then move on to the ‘critical path method.’Critical path is the sequential activities from start to the end of a project. Although many projects have only one critical path, some projects may have more than one critical paths depending on the flow logic used in the project.
If there is a delay in any of the activities under the critical path, there will be a delay of the project deliverables. Most of the times, if such delay is
- 7) What is the contribution by Sigmund Freud in the field of personality theory?
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- 8) Why do people resist change? How do you overcome it?
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- 9) Explain the process of framing ‘Basic Business Idea’ and how innovation will be helpful informulating business proposals?
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- 10) Discuss the pros and cons of innovation?
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- 11) Discuss the need for entrepreneurship based education in India and suggest measures for thesustenance of entrepreneurship attitude?
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- 12) Describe the entrepreneurship external environment forces?
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