MANARAT INTERNATIONAL
UNIVERSITY (MIU)
Department of Business Administration (DBA)
Bus 401: Entrepreneurship
Development
(Chapter-1: Introduction)
01. Willingness
to work hard distinguishes a successful entrepreneur from unsuccessful
one.
02. The
entrepreneurs have a strong desire to achieve high goals in the
business.
03. The
successful entrepreneurs are not disturbed by the present problems faced
by them.
04.
Entrepreneurs liked to be independent in the matters of their business.
05. The
entrepreneurs have a good foresight to know about future business
environment.
06. Different
resources required for production are divorced from each other.
07. Sometimes,
the two terms, viz., an entrepreneur & a manager are
considered as synonym.
08. The main
motive of an entrepreneur is to start a venture by setting up an
enterprise.
09. An
entrepreneur is the owner of the enterprise.
10. An
entrepreneur assumes all risks & uncertainty involved in running the
enterprise.
11. The reward
an entrepreneur gets is profit that is highly uncertain.
12. One of the
most important functions of an entrepreneur is determination of the business
objectives.
13. An innovating
entrepreneur is one who introduces new goods, discovers new markets
etc.
14. Imitative
entrepreneurs do not innovate the changes themselves, they only imitate
techniques…..
15. Sole
operators are the entrepreneurs who essentially work alone.
16. Active
partners are those entrepreneurs who start an enterprise as a joint
venture.
17. Challengers
are the entrepreneurs who plunge into industry because of the challenges
it presents.
18. Buyers are
those entrepreneurs who do not like to bear much risk.
19. An
entrepreneur is independent in his operation.
20.An
intrapreneur operates from within the organisation itself.
(Chapter-2: Theories of
Entrepreneurship)
01. The essence
of the Psychological or Personal theory is the difference in individuals’ attitudes.
02. All eminent
psychologists viewed that the attitude of one individual differs from another.
03.
Psychological or Personal theory can be broken down into several theories.
04. The analysis of the economic advancement of different nations shows
that the nations, which possess a great extent of achievement
motivation, made a significant
economic progress.
05. The view of
David C. McClelland is that,
the high extent of nAch activates entrepreneurs.
06. In the
light of McClelland’s view,
entrepreneurs can be divided into two types.
07. Those who
possess a strong degree of nAch, tend to take personal responsibility.
08. People
possessing high degree of nAch always set
moderate goals, which are attainable.
09. High nAch
people always like to get feedback or
reaction of what they do.
10. Sacrifice small interest for the
shake of big one is one of the distinct characteristics of entrepreneurs.
11. Motive-acquisition theory is
nothing but a revised version of achievement motivation theory.
12. The motive-acquisition theory
expresses that the mentality & personality of people are not in-born.
13. Richard
Cantillon and John Stuart Mill
introduced risk-taking theory.
14. Real
entrepreneurs take medium type
of risks.
15. Prof. J. D.
Rotter of Ohio
University is the
originator of the theory of Locus of Control.
16. Internal Locus of control could
be defined as self-confidence, power etc.
17. Creativity
is concerned with the origin of new & fundamental
ideas or views.
18. Power
generally refers to the authority to
do a certain task properly.
19. Creativity
is an attribute or ability of
a person to innovate something new for the society.
20. An
organisation can enhance & encourage
creativity by taking many steps.
(Chapter-3: Women and Rural Entrepreneurship)
01. Frederick
Harbison has enumerated five functions of a women entrepreneur (WE).
02. Exploration
of the prospects of starting a new business enterprise is one of
the functions of WE.
03. All the
women entrepreneurial functions can be classified broadly into three
categories.
04. Women
entrepreneurs encounter two sets of problems.
05. Finance is
regarded as “life-blood” for any enterprise, be it big or small.
06. Most of the
women enterprises are plagued by the scarcity of raw material and
necessary inputs.
07. Unlike men,
women mobility in Bangladesh
is highly limited due to various reasons.
08. It is
mainly a woman’s duty to look after the children & other members
of the family.
09. Women in Bangladesh lead
a protected life.
10. Women
constitute around half of the total world population.
11. Like
entrepreneurship, rural entrepreneurship also conjures different meanings to different
people.
12. KVIC means
the Khadi & Village Industries Commission
13. All the
village industries have been grouped into seven major categories.
14. Rural
Industries (RI) have high potential in employment generation.
15. RI s
encourage dispersal of economic activities in the rural areas.
16. Inadequate
flow of credit is one of the problems faced in developing entrepreneurship in
rural areas.
17. Raw
material is a must for any industry.
18. Finance is
considered as lubricant for setting up & running an industry.
19.
Intermediate NGOs procure funds from various agencies; conduct workshops for target
work force.
20. Dependence
on customer satisfaction is one of the strengths of NGOs.
(Chapter-4: Entrepreneurship
Development)
01.
Entrepreneurs are the growth actors in an
economy.
02. Personal
factors include various personal attributes that influence a
person to become an entrepreneur.
03. Personal
factors drive a person ahead to perform something new.
04. For
realizing & forecasting entrepreneurship situation personal
factors are important.
05.
Environmental factors are important for the development of
entrepreneurship.
06.
Environmental factors include socio-cultural, political &
legal, institutional, etc.
07. Political
& legal factors are government legal bindings.
08. Every
entrepreneur has to work within the environment surrounding him/her.
09. The
environment can be divided broadly into two types: micro & macro.
10. Venture
capital is very important for establishing new ventures.
11. Venture
capital can be called the blood of the organisation.
12. When an
entrepreneur gets enough capital he/she can establish a new venture
easily.
13. So,
positive financial environment can motivate potential entrepreneurs.
14. Experienced
entrepreneurs and incubator organisations can contribute to the
entrepreneurship dev.
15. Every
industry requires technically skilled labour force.
16. Supplier’s
accessibility is another important environmental factor.
17.
Entrepreneurship is a key instrument for the economic development
of a country.
18. There is a
paramount importance of developing entrepreneurship in a series
of sequential steps.
19. The fourth
step of entrepreneurship development process is mobilizing resources.
20. The last
step of entrepreneurship development process is managing the growth.
(Chapter-5: How To Make A Business
Plan)
01. A
business plan is a document that is used as a base for future actions of
business venture.
02. Business
Plan (BP) is future guide for successful operation of the venture.
03. Business
plan is essential due to a number of important reasons.
04. Business
plan is a tool to manage the business better.
05. BP is a way
of communicating the firm’s ideas to others & the basis for the
financial proposal.
06. Business
plan improves the firm’s chances of success.
07. Business
plan sells the entrepreneur & others on the business.
08. Business
plan communicates the strategy & business approach within the firm.
09. Business
plan increases coherence of operation of various functions within the
firm.
10. Business
plan helps to direct everybody to work for the same goals.
11. Business
plan makes the firm better prepared for changes in the external
environment.
12. Business
plan shortens the time required for planning new operations
13. Business
plan gives confidence to the entrepreneur.
14. Business
plan can be used in funding negotiations with venture capitalist.
15. In many
situations BP is a prerequisite for continuation of business
negotiations.
16. Often the
complete version of the BP is shortened or modified for different use.
17. A business
plan is used in various situations.
18. A BP is
always comprehensive: all aspects of the firm have to be treated.
19. The focus
of a business plan is always in the future.
20. A BP has to
be prepared by the management team, not by an outsider.
21. Expert
assistance should be sought in making the business plan.
22. The
planning process of a business is more important than the resulting
documents.
23. Summary is
the most crucial part of the BP because it must capture the reader’s
interest.
24. Complete
the summary part after the rest of the business plan has been written.
25. The name of
the business should be mentioned in the business description
segment.
26. Market
studies should be used and disclosed in the marketing segment.
27. In the research,
design, & development segment the firm should explain carefully
what has been
accomplished already.
28. The fifth
segment of the business plan is the manufacturing segment.
29. The seventh
segment of the business plan is the critical risks segment.
30. The ninth
segment of the business plan is the milestone schedule segment.
31. The sixth
segment of the business plan is the management segment.
32. The eighth
segment of the business plan is the financial segment.
33. The tenth
segment of the business plan is the appended part.
34. The third
aspect to write a winning business plan is be committed.
35. The fifth
aspect to write a winning business plan is be realistic
36. The seventh
aspect to write a winning business plan is focus on the future.
37. The twelfth
aspect to write a winning business plan is use your business plan
38. The
eleventh aspect to write a winning business plan is, make it simple &
easy.
39. The eighth
aspect to write a winning business plan is be comprehensive.
40. The sixth
aspect to write a winning business plan is be open & sincere.
(Chapter-6: Small Scale Enterprise)
01. In
fact, Small-Scale Industry (SSI) comprises of a variety of undertakings.
02. Small-Scale
Industries can be classified into five main types.
03. Industries
producing complete articles for direct consumption are called manufacturing
industries.
04.
Industries covering light, repair shops etc. to maintain mechanical equipment
are called service industries.
05. Casting,
electro-plating, welding, etc industries are the examples of feeder
industries.
06. Which
produces parts & components and rendering services are called ancillary
to large industries.
07. The fifth
type (As per S.S.Khanka) of Small-Scale Industries is the mining or
quarrying.
08. Because of
its important characteristics, “Small scale industry is beautiful”
09. A
small-scale unit is generally a one-man show.
10. In case of
SSI, the owner himself/herself is a manager also.
11. Small units
use indigenous resources and can be located anywhere.
12. Using local
resources, small units are decentralized & dispersed to rural areas.
13. The
rationale of SSI so established can broadly be classified into four
arguments.
14. The third
argument for establishing SSI is decentralization argument.
15. The first
argument for establishing SSI is employment argument.
16. The fourth
argument for establishing SSI is latent resources argument.
17. The second
argument for establishing SSI is equality argument.
18. SSIs should
be established to improve the level of living of people in the country.
19. SSIs should
be established to eradicate unemployment problem from the country.
20. SSIs should
be established to ensure more equitable distribution of national income.
21. The third
problem for establishing SSI is problem of marketing
22. The first
problem for establishing SSI is problem of raw material
23. The fourth
problem for establishing SSI is problem of under-utilisation of capacity.
24. The second
problem for establishing SSI is problem of finance.
25. The U-I
Link means University Industry Link.
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