ENTREPRENEURSHIP

ASSIGNMENT 5
Entrepreneurship after 1950

Date of submission: 1st April 2020

Submitted to: Submitted By:

Amaan Hamza
Mrs.Shipra Shrivastava
PGDM II- C

ABS/PGDM/19/122
What do you understand by concept of entrepreneurship?

[ANSWER ]
Entrepreneurship is the predilection of minds to take risks with confidence in
order to achieve predetermined goals and objectives of a business.

1. What is the role and function of business incubators?

[ANSWER ] Role of Business Incubators

It support the development of start-ups by providing them with proper
administrative support services. Primary objective of business
incubators is to produce successful and financially viable firms that can
survive on their own.

Functions of Business Incubators

The main function is to help in growing young businesses by providing

them with necessary support in financial and technical services.

2. Who are the angel investors and what is their role?

[ANSWER ] Angel investors are those persons who invest capital in new and
small business ventures , in exchange for convertible debt and ownership
equity.

Role of Angel Investors :-

Angel investors are well known due to their role as a guardian
to the person who comes to them for making investments.
Right from the signing of contracts to hiring and finding both
contacts and customers, angel investors have a very crucial
role to play in the company.

3. Differentiate between Internal and External growth strategies.

[ANSWER ] Internal, growth strategies also known as organic growth

strategies depend on the company's own resources by reinvesting some
of the profits. 
In an external growth strategy, the company depends on the resources
of other companies to strengthen its resources.

4. Describe briefly various determinants of entrepreneurship.

[ANSWER ] Some of the determinants of entrepreneurships are :-

 Skill sets
 Attitude towards various risks
 Financial Structure
 Government policies in the country
 Infrastructure

5. Define Micro, Small and Medium Enterprises.

[ANSWER ]
Micro Enterprises :- A micro enterprise is an enterprise where investment
in plant and machinery does not exceed Rs. 25 lakh .
Small Enterprises :- - A small enterprise is an enterprise where
investment in plant and machinery is more than 25 lakhs but does not
exceed Rs. 5 ccrore
Medium Enterprises :- A medium enterprise is an enterprise where the
investment in plant and machinery is more than Rs. 5 crore but does not
exceed Rs. 10 crore.

6. What are the functions of Small Industries Development Organisation?

[ ANSWER ] Main functions of SIDO are :-

 It provides marketing assistance
 It provides scarce raw materials to the needy small industries
 It helps in assisting Bill discounting
 It promotes skill development centers to supply skilled labourers
 It promotes women entrepreneurs

7. What is Business Idea? Describe in brief various sources of business

idea.

[ ANSWER ] A business idea is a concept which can be used for gaining

financial stability. Business ideas are always available in different
sources. It is basically the application applied on these ideas, and timing
makes all the difference in failure or success.
Various sources of Business Ideas
 Interest and Hobbies
 Mass Media
 Various exhibitions and trade fairs
 Talent and experiences
 Changing Environmental trends
 The Web
 Books and Magazines

8. What is Feasibility Analysis? What are its benefits?

[ ANSWER ] Feasibility analysis is an analysis of proposed plan, idea or

design to analyze whether it is feasible , is within the estimated cost and is
profitable so that we can go ahead with the project or plan .

Benefits of Feasibility Analysis

 Identifies new opportunities
 Narrows business alternatives
 Provides important information related to projects
 Improves focus of project team members
 Helps in decision making

9. Write about the development of entrepreneurship post independence.

[ANSWER ] The wave of entrepreneurial growth gained sufficient momentum

after the Second World War. Since then the entrepreneurs have increased
rapidly in numbers in the country. Particularly, since the Third Five Year Plan,
small entrepreneurs have experienced tremendous increase in their numbers.

But, they lacked entrepreneurial ability, however. The fact remains that even
the small entrepreneurship continued to be dominated in business communities
though at some places new groups of entrepreneurs too emerged. Also, there are
examples that some entrepreneurs grew from small to medium-scale and from
medium to large-scale manufacturing units during the period.

The family entrepreneurship units (family business) like Tata, Birla, Mafatlal,
Dalmia, Kirloskar and others grew beyond the normally expected size and also
established new frontiers in business in this period. Notwithstanding, all this
happened without the diversification of the entrepreneurial base so far as its
socio-economic ramification is concerned.