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MCT-015 Entrepreneurship
ASSIGNMENT
Course Code : MCT-015
Course Title : Entrepreneurship
Assignment Code : 015/TMA/SEM-3/2013
Coverage : All Blocks
Last date of submission : 20 Apr 2013
Note: Please attempt all the questions and send them to The Programme Coordinator, Centum
Learning Limited, Neelagagan, Mandi Road, Sultanpur, Mehrauli, New Delhi 110 030
1. (a) Write a detailed note on classification of entrepreneurs.
Answer : “Entrepreneur is one who always searches for change, responds to it, and exploits it is an
opportunity. Entrepreneurs innovate.
Peter Drucker
Entrepreneurs play a paramount role in today’s market driven economy. Entrepreneur is somebody
who engages in business running anything from multi crore corporations to street vendors for profit.
They play increasingly important role in sustaining commerce today especially since the mantra now
is that of privatization. Clarence Danhof has classified Entrepreneurs into four types
Innovative Entrepreneurs: An
(b) Explain the Kao’s Model of entrepreneurship?
Answer : Kaos conceptual model
According to Kao, entrepreneurship and creativity result from the interrelationship of the following
three elements as shown in the following figure
The person
The task
The organizational concept
Element 1

2. The most important element is the person.
2. (a) Do you think that to establish an enterprise is an adventurous venture? Explain why or why
not?
Answer : To establish an enterprise is absolutely adventurous venture. It transforms the total
outlook of an entrepreneur. It enhances his world of knowledge and give wonderful experiences
about entrepreneurship.
To be an entrepreneur is not an easy task. One must check these points to b a successful
entrepreneur:
1. Leadership
The commitment and continuity of one or two individuals to lead and coordinate the enterprise.
Within all start-up enterprises there is a dominant leader who helps coordinate the enterprise and
enables those involved to develop and function through the many stages of development required
for success.
(b) Bring out the importance of enterprises in the economy of a country.
Answer :
3.(a)What similarities and dissimilarities you find between the small enterprises operational in
India and abroad?
Answer :
(b) Define intrapreneurship? Why is it gaining so much of importance in today’s corporate world?
Answer : Advantage of Intrapreneurship:
It offers idea to build or improve corporate business.
Capital required for ideal comes from internal source
Establish corporate image, enhance the chance of success of Intrapreneur idea.
It helps corporate in economies of scale in mktg, distribution and service
It is a multiple disciplinary team activity with job security and prosperity
4(a) Explain the social problems of women entrepreneurs.
Answer : Social problems of women entrepreneurs.
1. The greatest deterrent to women entrepreneurs is that they are women. Indian society is
patriarchal and Indian women are traditionally considered to be homemakers and not
'businesswomen.'
2. The financial institutions are skeptical about the entrepreneurial abilities of women. Banks and
other financial institutions are reluctant to lend money to women entrpreneurs and they stipulate
many conditions before they lend money to them
(b) Explain the characteristics of successful women entrepreneurs with reference to any successful
entrepreneur.
Answer : Being an entrepreneur in today’s economy is a wonderful opportunity to share your talents
IF you have what it takes to be successful! What is it about the successful entrepreneur that is

3. integral to that success? Do women entrepreneurs have common traits that help with success? Is it
luck? Is it their product/service? Or, is it something characteristic about her that means she would
likely be successful at anything she attempted?
5(a) What are EDCs. State their importance and their functions in entrepreneurship development
Answer : Economic Development Corporation
The Economic Development Corporation of Goa, or the EDC was established in march 1975 as the
State Finance Corporation, with the main purpose of accelerating the process of industrial
development of Goa, Daman and Diu, through the Provision of finance and support services for
industry.
The EDC carries out the business of an investment company; it encourages and promotes
participation of capital in industrial enterprises, sponsors and underwriters new issues of shares,
debentures and other securities. It aids and assist production units in various spheres such as
manufacturing, dairy farming, mining, tourism, etc.
(b) Discuss in detail the evaluation techniques and what considerations should be kept in mind
while selecting the evaluation technique for a programme.
Answer : A clear framework is essential to guide monitoring and evaluation. A framework should
explain how the programme is supposed to work by laying out the components of the initiative and
the order or the steps needed to achieve the desired results. A framework increases understanding
of the programme’s goals and objectives, defines the relationships between factors key to
implementation, and articulates the internal and external elements that could affect the
programme’s success.
Dear students get fully solved SMU MBA Spring 2014 assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601