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  • Entrepreneurship Question One

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    This document contains questions about entrepreneurship. It asks how a restaurant owner could change perceptions to attract upper-class clientele, challenges entrepreneurs face developing business plans, legal areas entrepreneurs must follow, contrasts between Schumpeterian and Knightian views of entrepreneurship, distinguishes between entrepreneurship and intrapreneurship, importance of external linkages for innovation, common behaviors of successful entrepreneurs, how entrepreneurship education empowers marginalized groups in Kenya through collaboration, challenges facing a youth employment summit and strategies to address them, and defines motivation and discusses internal and external motivation factors for entrepreneurs.

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    Entrepreneurship

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    This document contains questions about entrepreneurship. It asks how a restaurant owner could change perceptions to attract upper-class clientele, challenges entrepreneurs face developing business plans, legal areas entrepreneurs must follow, contrasts between Schumpeterian and Knightian views of entrepreneurship, distinguishes between entrepreneurship and intrapreneurship, importance of external linkages for innovation, common behaviors of successful entrepreneurs, how entrepreneurship education empowers marginalized groups in Kenya through collaboration, challenges facing a youth employment summit and strategies to address them, and defines motivation and discusses internal and external motivation factors for entrepreneurs.

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    6 views1 page

    Entrepreneurship Question One

    Uploaded by

    HellenNdegwa
    This document contains questions about entrepreneurship. It asks how a restaurant owner could change perceptions to attract upper-class clientele, challenges entrepreneurs face developing business plans, legal areas entrepreneurs must follow, contrasts between Schumpeterian and Knightian views of entrepreneurship, distinguishes between entrepreneurship and intrapreneurship, importance of external linkages for innovation, common behaviors of successful entrepreneurs, how entrepreneurship education empowers marginalized groups in Kenya through collaboration, challenges facing a youth employment summit and strategies to address them, and defines motivation and discusses internal and external motivation factors for entrepreneurs.

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    of 1

    ENTREPRENEURSHIP

    QUESTIONONE

    a)Assumeyouarearestaurantownerwheretherestaurantisperceivedasaplacetogofora
    good time,wherethepricesarelow,andtheatmosphereisinformal,qualityhoweveris
    perceivedasbeingaverage.
    Inwhatwayscouldyouchangetheperceptiontowardstherestaurantsoastoattracttheupper
    classclientele.
    10MKS
    b)ExplainanyFIVEchallengesanentrepreneurislikelytofacewhilecomingupwitha
    businessplan.
    5MKS
    c)Lawplaysaveryimportantroleinbusinescreation,expansionandadministration
    CitingspecificexamplesexplainanyFIVEareasanentrepreneurneedtoobserve,respect
    andoperatewthintheestablishedlegalsystem.
    10MKS
    d)Contrast and give examples of the Schumpeterian view of the entrepreneur with that of
    Knight
    Frank.

    5MKS

    QUESTIONTWO
    Distinguishbetweenentrepreneurshipandentrepreneurship 4MKS
    Discusstheimportanceofexternallinkagesforsmallfirmswiththeinnovationprocess

    6MKS

    Succesfulentrepreneursallovertheworldtendtoportlayspecificcommonbehaviour.Identify
    andexlainthekeyaspectofthisbehaviour.
    10MKS
    QUESTIONTHREE
    Entrepreneurshipeducationcanbeapowerfultoolforempowermentandwiththisrealiazation
    inmind,NGOs,govrnmentamndtheprivatesectorhavebeguntocollaboratetotacklethe
    multipleproblemsofunemployment,ofatriskyouth,ofyouthinpostcrisissituationsof
    traditionallymarginalizedsectionsofsocietylikewomen,lowercastesandminorities
    DiscusshowthisisbeingachievedinKenyacitingthebenefits.
    20MKS
    QUESTIONFOUR
    a)Youthemploymentsummit(YES)isoneofthecampaignthatispromotingEntrepreneurship.
    Discussthechalllengesthesummitisfacingandproposestrategiiestotacklethem.

    10MKS
    b)Definethetermmotivationanddiscusstheinternalandexternalfactorsthatmotivate
    anentrepreneurtostartandmanageasuccessfulbusiness10MKS

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