ENTREPRENEURSHIP ASSIGNMENT

ON
Entrepreneurship after 1950.

SUBMITTED BY- SUBMITTED TO-

MD JEESHAN Ms. SHIPRA MAM
PGDM 2 B
ABS/PGDM/19/081
 UNIT – IV - ENTREPRENEURSHIP

SHORT QUESTIONS – Answer in two - three lines

What do you understand by concept of entrepreneurship?

Entrepreneurship is the process of designing, launching and running a new business,

which is often initially a small business. Entrepreneurship has been described as the
"capacity and willingness to develop, organize and manage a business venture along with
any of its risks to make a profit.

What is the role and function of business incubators?

A business incubator is a company that helps new and start-up companies to develop by

providing services such as management training or office space. ... It usually provides
affordable space, shared offices and services, hand-on management training, marketing
support and, often, access to some form of financing.

Who are the angel investors and what is their role?

An angel investor is an individual who provides capital for a business start-up, in exchange
for convertible debt or ownership equity. The capital provided by Angel Investors may be a
one-time investment, or it may fund money during initial stage to support and carry the
company through its early stages

Differentiate between Internal and External growth strategies.

Internal growth or organic growth is when you use in-house operations to grow a firm.
Note that funding for this growth can come from internal funds, debts or additional
capital from financial markets, this does not indicate the ‘internal’ reference.
External or inorganic growth is when a firm engages in Mergers and acquisition to grow.
This is often faster than building a product, technology, brand, considerable market-
share or other competitive advantage from scratch .

Describe briefly various determinants of entrepreneurship.

Technology, level of economic development, demography, culture, and institutions are the

main determinants of entrepreneurship. Entrepreneurial activity is influenced by individual
characteristics (salary, wealth, age, and demographic characteristic), the economic
characteristics (income per capital and unemployment rate), and the social characteristics
(religion, social status of entrepreneurs, and education).

Define Micro, Small and Medium Enterprises.

    Enterprises  Investment in plant & machinery
    Micro Enterprises  Does not exceed twenty five lakh rupees
    Small Enterprises  More than twenty five lakh rupees but does not exceed five crore
rupees
    Medium Enterprises  More than five crore rupees but does not exceed ten  crore rupees
Service Sector

    Enterprises  Investment in equipments

    Micro Enterprises  Does not exceed ten lakh rupees:
    Small Enterprises  More than  ten lakh rupees but does not exceed two crore rupees
    Medium Enterprises  More than two crore rupees but does not exceed five core rupees

What are the functions of Small Industries Development Organisation?

Small Industries Development Organization (SIDO) is a subordinate office of the Department of

SSI & Auxiliary and Rural Industry (ARI). It is an apex body and nodal agency for formulating,
coordinating and monitoring the policies and programmes for promotion
and development of small-scale industries.

The main functions of the SIDO are classified into-

(i) Co-ordination,
(ii) Industrial development, and
(iii) Extension.

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

A business idea is a concept that can be used for financial gain that is usually centred on a
product or service that can be offered for money. An idea is the base of the pyramid when it
comes to the business as a whole.
Sources-
 Interests and hobbies.
 Customer surveys.
 Brainstorming and dreams.
 Franchises.
 Mass media.
 Personal experience and talents.

What is Feasibility Analysis? What are its benefits?

Feasibility analysis is the process of determining whether a business idea is viable. Feasibility

analysis takes the guesswork (to a certain degree) out of a business launch, and provides
an entrepreneur with a more secure notion that a business idea is feasible or viable.

A thoroughly executed feasibility study helps the firm in attaining a broad picture as well as a

detailed analysis of the profitability of its future business. It can gain knowledge about the
project before investing budget, time or other resources into it.
The Government took three important measures in her industrial resolutions:

 To maintain a proper distribution of economic power between private and public sector.

 To encourage the tempo of industrialisation by spreading entrepreneurship from the existing

centre’s to other cities, towns and villages.

 To disseminate the entrepreneurship acumen concentrated in a few dominant communities

to a large number of industrially potential people of varied social strata (Malenbaum 1962).