St. Joseph’s College of Commerce (Autonomous)

End Semester examination – MARCH / April 2014

BBM – VI semESTER

ENTREPRENEURSHIP DEVELOPMENT PROGRAM

Duration: 3 Hours                                                                                         Max. Marks: 100

Section – A

1. Answer any TEN Each carries 2 marks.                              ( 10 x 2 = 20)
2. Briefly explain ‘COB’ License.
3. Differentiate ‘Social Entrepreneur’ with ‘Serial Entrepreneur’, with examples.

1. Briefly explain ‘Letter of Credit’.
2. Explain ‘Foreign Direct Investment’.
3. What is the difference between ‘Angel Investor’ and ‘Venture Capital Investor’?

6. What do you understand by the term ‘INTRAPRENEURSHIP’?

1. Explain the term ‘Copyrights’.
2. Briefly explain the term ‘Industrial Estate’.
3. Give the meaning of ‘Business Format Franchising’.

10. Differentiate the terms ‘Entrepreneur’ and ‘Entrepreneurship’.

1. What is a Private Limited Company?

12. Why is the Provisional Registration certificate necessary for a SSI?

 

Section – B

1. Answer any FOUR Each carries 5 marks.                            ( 4 x 5 = 20)
2. Mention the reasons for failure of Business Plans.
3. Elaborate on Debt v/s Equity, in financing start up Businesses.
4. Write a note on classification of ‘start up Businesses.

1. What are the taxation benefits extended to SME’s ?

17. Explain the challenges faced by ‘Women Entrepreneurs’.
18. Discuss the emerging trends in ‘Social Entrepreneurship’.

 

Section C

• Answer any THREE Each carries 15 marks.                  (3 x 15 = 45)

19. What is a’ Business Plan’? Elaborate about the relevance and application of ‘Business Models’ in preparation of ‘Business plans’?
20. Explain the different types of Institutional support systems that exist to support Entrepreneurial ventures.
21. Describe the procedure and formalities for Starting up a Venture in India.

1. Write a note about Franchising. Explain the Merits and demerits of franchising.
2. Describe the procedure for entering International Markets.

 

SECTION – D

1. Case study – compulsory question (15 marks)

 

24)  Read the passage below and answer the questions mentioned.

Michael E Gerber has written a book titled ‘The E-Myth: Why most businesses don’t Work and What to do about it’.

He clearly delineates the differences among the types of persons involved with contemporary businesses. Stat up Business owners can be playing any one of the following roles as listed below

• The ‘Entrepreneur’ who invents a business that works without him or her. This person is a visionary who makes a business unique by imbuing it with a special and exciting sense of purpose and direction. The Entrepreneur’s far reaching perspective enables him or her to anticipate changes and needs in the marketplace and to initiate activities to capitalize on them

• The ‘Manager’ produces results through employees by developing and implementing effective systems and by interacting with employees, enhances their self esteem and ability to produce good results. The Manager can actualize the entrepreneur’s vision through planning, implementation and analysis.

 

• The ‘Technician’ performs specific tasks according to systems and standards management developed. The Technician, in the best of businesses, not only gets the work done but also provides input to supervisors for improvement of those systems and standards.

 

Understanding these definitions is important because Gerber contends that most small businesses don’t work; their owners do. In other words, he believes that today’s small-businesses owner works too hard at a job that he or she has created for himself or herself rather than working to create a business. Thus, most small businesses fail because the owner is more of a ‘technician’ than an ‘entrepreneur’. Working only as a technician, the small business owner realizes too little reward for so much effort, and eventually, according to Gerber the Business fails.

The E-myth is today’s business owners are not true entrepreneurs who create businesses buy merely technicians who now have created a job for themselves. The

 

 

solution to this myth lies in the owner’s willingness to begin thinking and acting like a true entrepreneur; to imagine how the business would work without him or her. In other words, the owner must begin working on the business, in addition to working in it. He or she must leverage the company’s capacity through systems development and implementation. The Whole key is a person developing an “Entrepreneurial Perspective”.

Answer the following Questions:

1. What do you understand by the term “Entrepreneurial Perspective”?

 

1. Explain the aspect of ‘working on the business, in addition to working in it’, as mentioned in the passage? Comment with regard to the Concepts of ‘Business Models’ and ‘Business Plans’?

 

1. What differences you notice between the mindset of a ‘Manager ‘with that of an ‘Entrepreneur’?

 

 

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