CONFIDENTIAL

UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION

I

BM/JAN 2012!ENT600

COURSE COURSE CODE EXAMINATION TIME

TECHNOLOGY ENTREPRENEURSHIP ENT600 JANUARY 2012 3 HOURS

INSTRUCTIONS TO CANDIDATES
1. 2. 3. This question paper consists of seven (7) questions. Answer only five (5) questions in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) the Question Paper ii) an Answer Booklet - provided by the Faculty

4.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 4 printed pages
© Hak Cipta Universiti Teknologi MARA

CONFIDENTIAL

(9 marks) Illustrate the economic model with a diagram. (10 marks) Discuss the body of a technology-based business idea blueprint to eventually commercialize this new discovery. (2 marks) Identify and describe the three (3) elements or sources of intellectual capital. a) Discuss the five (5) steps involved in the new product development process before commercialization takes place. (12 marks) List three (3) key phases of the entrepreneurial process. (6 marks) b) c) d) Give three (3) examples of beneficial outputs or outcomes of the economy. (3 marks) QUESTION 3 Assuming that you have discovered something new. (3 marks) (5 marks) b) c) QUESTION 2 a) Identify and explain briefly the three (3) inputs to the economy. (10 marks) b) © Hak cpta Universiti Teknologi MARA CONFIDENTIAL .CONFIDENTIAL 2 BM/JAN 20121ENT600 QUESTION I a) What is technology entrepreneurship? Discuss four (4) key dimensions or ingredients of entrepreneurship. which is not only beneficial for mankind but also has the potential for commercialization.

(6 marks) b) Identify and explain four (4) characteristics of an attractive opportunity." Give your comment on the above statement and provide appropriate examples. (8 marks) c) "Opportunity can either be market driven or technology driven. (6 marks) QUESTION 5 Peter Drucker in his book Innovation and Entrepreneurship explained quite extensively on the principles for innovative opportunities for starting new technopreneurship ventures.CONFIDENTIAL QUESTION 4 3 BMIJAN 20121ENT600 According to Bruce R. the entrepreneur must hit the "window of opportunity" for which the opportunity exists.. Barringer and R. it is essential to a company's success that consumers are able to repeatedly use their products effectively. (8 marks) c) Differentiate between incremental and radical innovation. a) Define innovation. (15 marks) © Hak cipta Universiti Teknologi MARA CONFIDENTIAL . a) Explain the concept of "window of opportunity". a) b) What exactly is usability of products? (5 marks) Discuss five (5) factors determining usability of products. Duane Ireland. (2 marks) b) Explain briefly the four (4) basic types of innovation. (10 marks) QUESTION 6 In today's competitive environment.

CONFIDENTIAL QUESTION 7 4 BM/JAN 201 2IENT600 Entrepreneurs involved in technology-based ventures could face major challenges for financing their business ventures. (8 marks) b) Identify and discuss four (4) sources of external financing they could consider. (12 marks) END OF QUESTION PAPER © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL . a) Describe the four (4) reasons for the need to finance their business ventures.

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