BBA/ B.Com Entrepreneurship Management June 2024

Description

Entrepreneurship Management

June 2024 Examination

 

 

Q.1.  JAMES,  is  an  aspiring  entrepreneur,  who  has  completed  his  academic  and professional experience in the Business field. He has an innovative idea for a new start-up, but lacks capital for the same. Hence, he approached to a few angel investors for the same. In order to get a proper funding James needs to show that his start-up idea is viable. State details of what JAMES needs to present in order to get a proper funding. Give reasons for the same.  (10 Marks)

Ans 1.

Introduction:

In the realm of entrepreneurship, innovative ideas often emerge from individuals like James who possess academic and professional expertise in the business field. However, the translation of these ideas into successful ventures frequently hinges on securing adequate funding. For James, who finds himself in this common predicament, seeking support from angel investors becomes imperative. Nonetheless, merely approaching investors is insufficient; James must meticulously prepare to showcase the viability of his startup idea. This necessitates a comprehensive presentation that not only highlights the novelty of the concept but also demonstrates its potential for success in the market. In this discussion, we delve into the essential It is only half solved

 

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Q2. The evolution of Entrepreneurship has started from the Marco Polo ear before 18th century. Since then, there have been immense changes in the entrepreneurial sector as there are many new trends that have emerged. State whether the above statement is True or False. Give reasons with suitable examples for your answer.  (10 marks)

Ans 1.

Introduction:

The assertion that entrepreneurship traces its roots back to the Marco Polo era before the 18th century raises intriguing questions about the historical trajectory of entrepreneurial activities. However, it is essential to critically examine this claim to understand the true origins and evolution of entrepreneurship. While trade and commerce have existed since ancient times, the modern concept of entrepreneurship, characterized by innovation, risk-taking, and value creation, has evolved over centuries. In this introduction, we will explore the validity of the statement and provide insights

 

Q3. Apar Institute is an institute that conducts entrepreneurship development programmes at the outskirts of Delhi. The institute was formed 2 years ago and was facing difficulties in  providing  quality  training  to  the  prospective  entrepreneurs.  There  was  a  slew  of problems related to the institute for budding entrepreneurs.

Firstly, the institute was located at a remote location which was arduous for people to locate. Even if someone located the institute, it was difficult to commute from home to the institution as it was located far from the city. The institute lacked proper training infrastructure such as mic, overhead projector, furniture etc.

Even the faculty appointed by institute showed a lackadaisical attitude and did not take a keen interest in teaching. The method of selecting the candidates was also flawed as there was no prior aptitude test or scrutiny. Hence, who so ever came to get enrolled for the programme was given admission. It was assumed that the candidate would already possess the required aptitude skills.

The  course  and  curriculum  did  not  cover  the  basic  aspects  of  entrepreneurship development programme such as educating about institutes providing support, which financial institutes to approach for funds, performing feasibility studies, etc. The duration of the programme was very short. The programme lasted for 21 days, which was very less considering the quantum of time required. Even after completion of the program, there was no evaluation performed to check how many candidates have established their own enterprise and how it is being run.

The institute owner decided to change the way the institute is functioning. The owner emulated  a  government-run  institute  in  an  urban  area  and  incorporated  the  required changes. Firstly, the institute decided to appoint more enthusiast and motivated trainers to impart  education.  The infrastructure of the institute was  revamped and  replaced  with quality equipment. The institute even conducted online classes for candidates who could not  commute  to  the  institute.  The  course  and  curriculum  were  aligned  with  the fundamentals of the entrepreneurship development programme. At last, a thorough evaluation was done for each candidate who was enrolled in the programme. At last, a thorough evaluation was done for each candidate who was enrolled in the programme to gauge how much the program benefited the candidate.

Q3A. If you were the Management head of Apar Institute, what changes you need to incorporate to attract more number of students? (5 marks)

Ans 3a.

Introduction:

As the Management Head of Apar Institute, the goal is to identify and implement necessary changes to attract more students to the entrepreneurship development programs offered by the institute. Addressing the existing challenges and aligning the institute’s offerings with the needs and expectations of prospective entrepreneurs is essential to enhance its appeal and reputation. In this response, we will explore key changes that need to be incorporated to attract a larger number of students

 

Q3B. If the Apar Institute had to do a competitor analysis which tool, would you recommend them and how would they utilize the same. (5 marks)

Ans 3b.

Introduction:

In the fiercely competitive landscape of entrepreneurship development programs, conducting a thorough competitor analysis is crucial for Apar Institute to gain insights into its competitors’ strengths, weaknesses, strategies, and market positioning. Choosing the right tool for competitor analysis can significantly impact the effectiveness and depth of the insights gained. In this response