Preview

Enterpreneurship Development

Good Essays
Open Document
Open Document
3275 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Enterpreneurship Development
Module -1
Entrepreneurships (Two Mark Questions)
1.

Define Entrepreneurship ?
It is defined as the activity of an individual or a associated individuals, undertaken to

initiate, maintain or aggrandize profit by production or distribution of economic goods and services. 2.

List the different types of Entrepreneurs?
The different types of Entrepreneurs are

1.
3.

Innovating Entrepreneur
Fabian Entrepreneur

2.
4.

Imitative Entrepreneur
Drone Entrepreneur

3.

What are the characteristics of an Entrepreneur?
The various characteristics are hard work, Achievement, optimistic, Independence,

foresight, Organiser Innovator.
4.

List out some successful entrepreneurs in our country?
Tata, Birla, Modi, Dalmia, Kirlosker are some for the successful entrepreneurs in our

country.

5.

Classify the entrepreneurship Functions?
They are classified into Risk- bearing organization and innovation.

6.

What do you mean by solo operators?
Solo operators are entrepreneur who essentially work alone and if needed at all,

employ a few employees

7.

Who are active partners?
Active partners are those entrepreneurs who start/carry on an enterprise as a joint

venture.

8.

Who are inventors?
Entrepreneurs with their competence and inventiveness invent new products. They are

called as inventors.
9.

Give any two difference between entrepreneurs and Intrapreneur?
Entrepreneurs

(i)

An entrepreneurs is independent

Intrapreneur
Intrapraneur is dependent on the entrepreneurs (ie) the owner

(ii)

Funds are not raised by the

Funds required for the enterprise
10.

An entrepreneurs himself raises

by the intrapreneur

Define innovating Entrepreneurs?
Innovating entrepreneurs is one who introduces new goods, inaugurates new methods

of production, discovers new market and reorganizes the enterprise.
11.

Define imitative entrepreneurs?
Imitative entrepreneurs do not innovate the charges

You May Also Find These Documents Helpful

  • Good Essays

    IntroToBusinessQuestions

    • 2141 Words
    • 7 Pages

    1) Describe the basic features that distinguish the four basic forms of business ownership sole proprietorships, general partnerships, C corporations, and limited liability companies.…

    • 2141 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    2. Visit the Website for a different well-known company, and find the unit that lists the company's values. Then answer the following questions. TIP: If the company's Web site doesn't describe its values, choose a different company.…

    • 910 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Unit 5 Assignment 5

    • 514 Words
    • 2 Pages

    To act in accordance with the organization's policies, including execution of all processes or activities particular to the individual's role(s);…

    • 514 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    leading fir change

    • 487 Words
    • 3 Pages

    --The behaviour of an individual. Directing the activities of a group toward a shared goal…

    • 487 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Unit 5 Assignment 1

    • 1355 Words
    • 6 Pages

    * To act in accordance with the organization 's policies, including execution of all processes or activities particular to the individual 's role(s);…

    • 1355 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    There are 2 elements that are mentioned time and again by successful entrepreneurs as being crucial for success, to be precise the motivation and determination to succeed in your business venture and to make things happen. Successful entrepreneurs also have a healthy dose of self-confidence and an optimistic outlook on life. Entrepreneurs vary greatly, so there can be no one combination that defines an entrepreneur. However, research does suggest that a need for achievement, autonomy and an internal locus of control and a moderate tendency to take risks are key characteristics.…

    • 2447 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Stna Vocabulary

    • 4077 Words
    • 17 Pages

    Activities – are bodily activities that help enhance or maintain physical fitness and overall health…

    • 4077 Words
    • 17 Pages
    Better Essays
  • Good Essays

    Entrepreneurial Growth

    • 1738 Words
    • 7 Pages

    This course is for students who want to explore the challenges of running and growing an entrepreneurial company or a division of an established firm. We start by looking at the most basic question. Can the firm grow; should the firm grow? Since growth is a choice, we will also look at the trade-offs between aggressive growth and what venture capitalists call "life style" businesses. We will also look at the importance of identifying opportunities for new product development and responding to competitive threats.…

    • 1738 Words
    • 7 Pages
    Good Essays
  • Best Essays

    Question 2 ~ Risks, rewards and trade-offs of a lifestyle business vs. a high-potential business that will exceed $5 million dollars in sales and substantial growth.…

    • 1880 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Crime Ratio of Balochistan

    • 1506 Words
    • 7 Pages

    An action that constitutes an offense that may be prosecuted by the state and is punishable by law. Unlawful activity.…

    • 1506 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    * Two or more individuals, interacting and interdependent, who have come together to achieve particular objectives.…

    • 1884 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Entrepreneurial Strategies

    • 1691 Words
    • 7 Pages

    In this chapter, Peter Drucker presents four different entrepreneurial strategies. He starts pointing out that entrepreneurial strategies are as important for any business as entrepreneurial management is. He states that despite this fact there is almost no discussion about entrepreneurial strategies, despite their distinctive influence to the success of any business. Drucker distinguishes between entrepreneurial management, that is, practices and policies within the enterprise, and entrepreneurial strategies, that is, practices and policies outside. "Outside the enterprise" is understood as the marketplace the firm operates in. The author proposes four specific entrepreneurial strategies: 1. "Being fustest with the mostest" 2. "Hitting them where they ain't" 3. Finding and occupying a specialized "ecological niche" 4. Changing the economic characteristics of a product, a market or an industry The way Drucker calls these four strategies is evidently very methaphorical, almost a bit poetical, and it already gives an implicit, summed up explanation what these strategies are about. The author then goes into details and special characteristics of each of these strategies, with special focus on risks and opportunities. He supports his conclusions with a lot of examples from economic life, namely the success stories or failures of often well-known enterprises. One might easily find that the way corporations behave in the marketplace can be compared to the way animals behave in "wild" nature, as expressions like "finding an ecological niche" may suggest. Indeed, this interpretation is endorsed by the way Drucker describes the features of these strategies, sometimes, he even explicitly draws that comparison to biology. We will now have a closer look at each of the four strategies. "Being Fustest with the Mostest" As the naming suggests, this strategy is mainly defined by trying to become the unchallenged leader in an economic field. Drucker observes that this is sometimes…

    • 1691 Words
    • 7 Pages
    Better Essays
  • Better Essays

    The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life. There is first an Initiation or Birth phase, in which the outputs and critical success factors are defined, followed by a Planning phase, characterized by breaking down the project into smaller parts/tasks, an Execution phase, in which the project plan is executed, and lastly a Closure or Exit phase, that marks the completion of the project. Project activities must be grouped into phases because by doing so, the project manager and the core team can efficiently plan and organize resources for each activity, and also objectively measure achievement of goals and justify their decisions to move ahead, correct, or terminate. It is of great importance to organize project phases into industry-specific project cycles. Why? Not only because each industry sector involves specific requirements, tasks, and procedures when it comes to projects, but also because different industry sectors have different needs for life cycle management methodology. And paying close attention to such details is the difference between doing things well and excelling as project managers.…

    • 4463 Words
    • 18 Pages
    Better Essays
  • Good Essays

    Cultural Tourism

    • 959 Words
    • 4 Pages

    on a universal definition because of the wide range of activities it covers. Over the…

    • 959 Words
    • 4 Pages
    Good Essays