JSPM’s

JAYAWANT INSTITUTE OF MANAGEMENT STUDIES

(MBA PROGRAMME)
Mid Term Examination: 2023
Semester-I
Subject- Entrepreneurship Development

Date:19.10.2023 Max. Marks: 30 Duration: 1.5 Hrs

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Instructions:-
- All questions are Compulsory.
-Each question carries equal Marks
-Internal options are given to each question.
Q.1) Answer any 5 questions. (2 Marks Each)

1.Define the concept of Entrepreneurship from the point of view of new changing digital technology.
(CO1)

2.You are an advisor to a business incubator program aimed at nurturing innovative startups. Define the
concept of an innovative entrepreneur.(CO2)

3. Top managers are usually motivated by the need for power. But, they tend to have a low need for
affiliation. Meanwhile, employees with a need for achievement usually succeed as lower-level managers.
What Theory example is this?(CO3)

4. Imagine you are an economic advisor to a developing country. The country is experiencing slow
economic growth, and the government seeks your expertise.What are the factors affecting Economic
Growth? (CO4)

5.Assume yourself as a Intrapreneur in a large corporation.What will be your important characteristic?

(CO4)

6. You are a consultant advising a medium-sized company on implementing corporate entrepreneurship

strategies. Name the four models of Corporate Entrepreneurship which you would follow.(CO3)

7. Mention the unique characteristics and skills that differentiate social entrepreneurs from traditional
entrepreneurs.(CO3)

8.List two ways an entrepreneur can prevent Business failure.(CO2)

Q.2) Answer any two. (5 Marks Each)

1. Imagine you are a consultant advising a government agency aiming to foster an entrepreneurship
culture in a specific region. Define the concept of an entrepreneurship culture and elaborate on its
significance in driving economic development and innovation. (CO5)

2. Imagine you are a business leader recruiting for a startup that aims to revolutionize the e-commerce
industry. Define the entrepreneurial competencies essential for individuals joining your team. Discuss
how competencies such as opportunity recognition, risk management, leadership, and adaptability are
crucial for the success of a startup. (CO3)

3. As a business strategy consultant, you have been asked to explain Schumpeter's Innovation Theory
of Profit to a group of entrepreneurs and business leaders. Describe Schumpeter's theory in short.
(CO4)

Q.3) Answer any one from the following (10 Marks Each)
A.Read the below case and answer the following questions:
Vikram, a young and tech-savvy guy, wants to be an entrepreneur and could not fulfill his dream due
to a lack of financial support from the family, always looks depressed and stressed. He got habituated
to the games and video-making apps where he spends most of his time. He was highly engaged in 2
major apps one being a famous video making app in which Vikram has created and posted many
videos that brought him a good number of followers.
Vikram’s friend Vedant, one day asked him how he could create and post these many videos in the
app. Vikram replied that it is possible because he learned almost all the tricks and shortcuts of the
App.
Even though Vikram was busy with his job, videos, and games, his thirst for entrepreneurship was still
disturbing him almost every day.
One day Vikram was busy developing a concept for his video and the shocking news popup in his
mobile which made him standstill. The popup said that the government has banned a number of Apps
in the country and his video making App was one among that. He felt that his future becomes a big
question mark as he will lose his followers.
Seeing his condition his friend Vedant said that Vikram I could not see you like this. Being a techno-
savvy guy having good programming and coding skills and also a person trying to prove himself as an
entrepreneur must see this situation as an opportunity and not a problem.
“Vikram I don’t think you will get a better situation than this to fulfill your dream of an entrepreneur. I
hope you are getting what I am trying to say” smiled Vedant.
Vikram nodded his head as a gesture of Understanding and gave a big smile to Vedant and he said
“Vedant, I will convert my followers as my subscribers”.(CO6)
Answer the following question:
1.What was Vedant talking about? What was the opportunity that he was mentioning?
2.Analyze the case and identify the supportive points for vedant’s claim.
OR
B. The increasing presence of women as entrepreneurs has led to significant business and
economic growth in the country.Justify with example.(CO6)

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