EPS Assignment 1 QUE 2020

ENTREPRENEURSHIP
ASSIGNMENT I QUESTIONS
Cluster 1
1. Entrepreneurship does not emerge and grow spontaneously. Rather, it is dependent upon
several economic, social, political, legal and other factors. Explain.
2. Discuss the various reasons which motivate and facilitate entrepreneurs to undertake
entrepreneurial ventures.
3. Compare the relationship between entrepreneur, entrepreneurship and enterprise.
4. “Entrepreneurs are calculated risk takers”. Do you agree with this statement? Interpret your
answer with a suitable example.
5. Explain in detail the need of Entrepreneurship and how innovative entrepreneurs influence the
growth of an economy.
6. Explain the Schumpeter theory of Creativity and Innovation in Entrepreneurship?
7. Entrepreneurship is a process of creating incremental wealth? And also explain in detail about
the challenges faced by the entrepreneurs.
8. Explain the Traits, Functions, and challenges of Entrepreneurs in modern society.
9. Discuss how the entrepreneurs are classified on the basis of business.
10. “Employment opportunities are developed because of Entrepreneurship”. Explain the above
statement with a suitable example and how the entrepreneurs are classified.
11. Explain the concept of entrepreneurship by choosing your entrepreneurial success story.
12. Discuss how risks are associated with reward from the entrepreneurial point of view.
13. An entrepreneur is a person who creates an on-going business enterprise from nothing and
how an entrepreneur faces challenges from external factors.
14. Discuss the various internal and external factors and their impact on entrepreneurs.
15. Classify the various types of entrepreneurs, and their role in developing the nation.
16. The role of Entrepreneurship in economic development in this global economy is highly
significant. Explain the above statement.
17. Explain how innovation is much needed to survive in the present competitive business
scenario, and discuss the factors to be considered in innovation.
18. Explain with a suitable example how innovation changes the business? Discuss the
relationship between innovation and entrepreneur.
19. Explain a sample success story of an entrepreneur and how he/she stood as an inspiration for
young entrepreneurs.
20. Describe a success story of an Entrepreneur of your choice who changed the way of doing
business by fighting against all odds.
Cluster-2
1. Explain the various steps implemented to improve the Family Business and the opportunities
available for Family Entrepreneurs in detail.
2. Describe in detail about the development of Family Entrepreneurship in Indian Context with
suitable example.
3. Explain what do you mean by Start - up? And discuss its advantages and disadvantages.
4. Explain with examples the role of external environment showing its impact on new Start –
UPs.
5. Describe whether Entrepreneurship is Myth or a Reality with suitable example.
6. Explain the concept of Entrepreneurship and elaborate on its scope and role in developing
economies in the 21st century. Mention the realities in Indian business environment.
7. Explain the sources of Finance for Intrapreneurship.
8. Explain who is an Intrapreneur, their functions and their role in growth of an enterprise.
9. Explain in detail the scope of entrepreneurship among women? Discuss if women
entrepreneurs can be successful as male.
10. Women Entrepreneurship shifted from 3 K‘s – (Kitchen, Kids and Knitting). And with the
spread of education and awareness they shifted to 3 E‘s (engineering, electronics and
energy). Explain in detail.
11. Explain in detail the need for promoting Rural – Entrepreneurship in India.
12. Discuss about the various Problems faced by Rural Entrepreneurs, and the special schemes
supporting the Rural – Entrepreneurs.
13. Compare the differences between Rural vs. Social Entrepreneurship along with its
challenges?
14. Explain in detail how to measure Social Entrepreneurship and how Social Entrepreneur
identifies the Social Needs and discuss the problems of Social Entrepreneurs?
15. Describe in detail how to prepare a report on your own choice of Start- Up, and briefly
discuss the various stages and Problems involved in Start-Ups.
16. Discuss the various problems that new entrepreneurs face in setting up their ventures with
suitable example of your choice.
17. Explain the knowledge, attributes & skills of an Entrepreneur with a neat sketch.
18. “An Entrepreneur is a person who has a passion for new creation and innovation” Explain
Personality traits of Entrepreneurs in supporting the above statement.
19. Explain how an entrepreneur chooses what is best for his business through step wise process.
20. Explain the following:
a.Small Entrepreneurship
b. Large Entrepreneurship
c. Imitative Entrepreneurship
Cluster-3
1. Explain what is Idea – Generation, its process and techniques.

2. “All ideas need not necessarily become sound business opportunities”. In reference to
this statement explain the first three steps in idea and opportunity assessment.
3. Harish, after finishing his degree wanted to start his own business. He was confused as to
the kind of business he should start. He attended a start – up session. One of the speakers
stated that “Creativity” can be used to spot and harness opportunities. Explain the above
statement.
4. Express your views with a suitable example of a successful entrepreneur of your own
choice who revolutionised the business with his new creative business idea.
5. Describe Innovation Process in detail and discuss how innovations have changed the face
of business with suitable examples.
6. Identify the commonalities between creativity, innovation and also discuss the risks
associated with both creativity and innovation.
7. An Entrepreneur identifies problems as roadblocks. For this they need to overcome those
roadblocks through creativity and Innovation. Explain the above statement.
8. Discuss in detail the necessity of creative risk taking in business.
9. Explain in detail about the Idea evaluation techniques.
10. Explain how an entrepreneur will go for his/her Idea assessment and selection.
11. Explain about how to conduct a feasibility study for better Project Planning.
12. Explain the different components and process of feasibility study in detail.
13. Explain the differences between Commercial vs. Technical feasibility study with the help
of a suitable example.
14. Explain in detail how a technical feasibility of a project can be ascertained?
15. Describe in detail how to conduct a Feasibility study and the steps to determine if your
feasibility study conducted is feasible or not.
16. Express the significance of managerial competence and commercial viability of project
while conducting a feasibility study.
17. Indicate the differences between Market feasibility study vs. Financial Feasibility study
in detail.
18. Explain the role of feasibility study in the establishment of a small business and how
financial feasibility study plays a key role. Discuss.
19. Explain Organisational Feasibility study? What it is and how to do organisational study.
20. Describe the various types of feasibility analysis and discuss what are the various steps in
organisational feasibility study.

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ENTREPRENEURSHIP

1. Explain what is Idea – Generation, its process and techniques.

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