exam (new venture mgt)

 

MGT 370 Exam 1

Fall 2020

**Answer any two questions. Each answer is worth 75 points. The depth and breadth of 

your answer should be worth 75 points. 

***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 thr