exam (new venture mgt)

***Answers should be in your own words. Exam will be submitted in Turnitin for similarity check.

Q 1. Under Week 1 you read an article titled “The Meaning of Entrepreneurship: A Modular concept” by Michael Peneder. Discuss all the building blocks of entrepreneurship from the article.

Q 2. Discuss at least, five (5) entrepreneurial characteristics in details. Provide one example of a famous entrepreneur under each characteristic and explain why you think the entrepreneur exhibit that characteristic.

Q 3. Entrepreneurs are said to be creative and innovators. A) Explain the difference between creativity and innovation. B) Explain the components of creativity. C) Explain why innovation is important for entrepreneurship and in what manner it is applied in entrepreneurship.

Q 4. Explain Porter’s Five-forces analysis. Explain every force in detail by explaining different factors under each force that increase or decrease the threat.