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SUBJECT : ENTREPRENEURSHIP
MANAGEMENT
COURSE : Total Marks : 80
Attempt any five questions.
(16 Marks each)
Q. 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.
Q. 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
Q. 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
Q. 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.
Q. 5) What is the
importance of determining financial viability of a project?
Answer:
Q. 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
Q. 7) What is the
contribution by Sigmund Freud in the field of personality theory?
Answer:
Q. 8) Why do
people resist change? How do you overcome it?
Answer:
Q. 9) Explain the
process of framing ‘Basic Business Idea’ and how innovation will be helpful
informulating business proposals?
Answer:
Q. 10) Discuss
the pros and cons of innovation?
Answer:
Q. 11) Discuss
the need for entrepreneurship based education in India and suggest measures for
thesustenance of entrepreneurship attitude?
Answer:
Q. 12) Describe
the entrepreneurship external environment forces?
Answer:
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