TEST: 1

FACULTY OF MANAGEMENT & SOCIAL SCIENCES

STUDENT’S NAME: ________________________ STUDENT ID: ___________

COURSE TITLE: INTRODUCTION TO ENTREPRENEURSHIP COURSE CODE:

MGMT20152

DATE: 24/09/2021

DUE DATE: 29/09/2021 MAX MARKS:

100

Date: _______________________________________

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Important Instructions:
 This test includes content from various topics and values a maximum of 100 points.

 Test to be done individually.

 Answer all 8 questions. You will need to do research to acquire your responses.
 Where you are asked to give an example/illustration, such must not be taken from your
textbook.
 When doing research, reference correctly.
 Writing style: Font 12, double spaced, justify paragraphs.
 A maximum of 1% will be deducted from the overall grade for the unprofessional
presentation of the paper.
 Test to be uploaded by 11:59 pm.
 There will be a 10 points deduction per day for the late submission of the paper, even
with delayed permission.
 All work must be proofread thoroughly before submitting it. Your writing skills will also
be graded (i.e. Grammar, punctuations, spelling, sentence, paragraph structure, etc.)
 All test answer files should be uploaded in Moodle with your name, student ID,
addressed to Mrs. Marsha Price or Mr. Jorge Gentle.

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1. Explain the two stages of entrepreneurial action? Value 4 points

ANSWER:

2. Explain and discuss the decision-making forms on how entrepreneurs think. Provide examples within
each discussion. Value 10 points

ANSWER:

3. Explain and discuss the various entrepreneurial terms. Value 10 points

ANSWER:

4. You are the director of an organization, explain what your company does and incorporate the
various steps in establishing corporate entrepreneurship in your organization. You are to come up
with your own organization, and based on your business concept, explain the various steps to
align your business venture. Be descriptive. Value 10 points
ANSWER:

5. Within any organization there are entrepreneurial actions. List the key elements and discuss
any two. Value 6 points
ANSWER:

6. Create a business using Managing Newness. Identify a business; be creative with a provide
detailed and step-by-step description of how it will be executed. Value 20 points

ANSWER:

7. Find a product and use the “me-too” strategy. Show the before and after product. And a
detailed description of why you chose that product; what changes were made and why you made
those changes. Be very descriptive and innovative. Value 20 points

ANSWER:

8. Formulate a business idea using the strategy of New Entry, new product-new market. Create,
design, and explain your product, state the new market, and produce a flyer for the new market
for that new product.

Value 20 points
ANSWER:

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