important question in entrepreneurship for MBA students for exam

1. ENTREPRENEURSHIP
ASSIGNMENT
FOR CYCLE TEST- TWO
NAME : Shyamraj L S
ROOL NO : 3511310542
SECTION : 2nd
MBA ‘J”

2. 1. What is business plan?
A business plan is a formal statement of a set of business goals, the reasons they are
believed attainable, and the plan for reaching those goals. It may also contain background
information about the organization or team attempting to reach those goals.
2. What is opportunity analysis?
A detailed review of the prospects for a product within a potential market . For example,
a product marketing manager for a business might request a detailed opportunity analysis
for a particular product to help them forecast whether market demand conditions will
support launching the product into that market.
3. What is market survey?
A market survey is an important requirement for initiating any successful business. The
objective of a market survey is to collect information on various aspects of the business.
This survey is a tool through which we can minimize risk.
4. What is environmental analysis?
A process for identifying all external and internal elements that
can affect the performance of the organization and evaluating the level of threat or
opportunity they present. Opportunity and threat assessments are
then incorporated into decision making process in order to better align strategies with
the organization's environment.
5. What is project?
An individual or collaborative enterprise that is carefully planned to achieve a particular aim.
6. What is a small scale enterprise?
What businesses are defined as "small" in terms of government support and tax policy
varies depending on the country and industry. Small businesses range from 15 employees
under the Australian Fair Work Act 2009, 50 employees according to the definition used by
the European Union, and fewer than 500 employees to qualify for many U.S. Small Business
Administration programs.
7. What is venture capital?
Capital invested in a project in which there is a substantial element of risk, typically a new or
expanding business.

3. 8. What are all the Problems Faced by Entrepreneurs While Starting Business in India?
1. Bureaucracy, 2. Corruption, 3. Labour, 4. Regional Sentiments, 5. Grey Market and
Counterfeit Goods and 6. Social Capitals!
9. Short notes on sidbi
Small Industries Development Bank of India is a non-independent financial institution aimed
to aid the growth and development of micro, small and medium-scale enterprises (MSME)
in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as
a wholly owned subsidiary of Industrial Development Bank of India.
10. Short note on IIE
The Indian Institute of Entrepreneurship (IIE) was established by the Department of Small
Scale Industries and Agro and Rural Industries as an autonomous organisation in 1993 with
its headquarters at Guwahati. It takes up training, research and consultancy activities in the
field of small industry and entrepreneurship.
11. Short notes on msmidi
The Micro Small and medium Enterprises Development institute (MSME DI), Chennai,
established in the year 1954, as field level Institute under the Ministry of MSME,
Government of India. Office of DC(MSME) is the apex body for formulating SSI policies in the
country and it implements promotional activities through its country wide network of
MSME DIs, Br. MSME DIs, Field Testing Stations, Prototype Development Centres and Tool
Rooms etc.,
12. Write a short note on SIDO
SIDO helps in giving technical and managerial inputs, making project reports and training
entrepreneurs of small scale industries. It maintains a close contact with financial and
training institutions, Government and other agencies for the promotion and development of
small industrial units. It undertakes entrepreneurship development wherein the training and
managerial capabilities are developed.
13. What is the needof entrepreneurs?
To develop the nation
To develop the country economy level
Find the new innovative ideas

4. 14. What do you meant by self help group?
A self-help group (SHG) is a village-based financial intermediary committee usually
composed of 10–20 local women or men. A mixed group is generally not preferred.
Mostself-help groups are located in India, though SHGs can also be found in other countries,
especially in South Asia and Southeast Asia.
15. What is meant by micro enterprises?
in general, a microenterprise is considered a small business employing 10 people or less,
and have a capital asset of less than PhP 3,000,000. Internationally, most microenterprises
are family businesses employing one or two persons. These micro entrepreneurs operate
microenterprises by choice. Most microenterprise owners are primarily interested in
earning a living to support themselves and their families.
16. What do you meant by medium scale enterprises?
Small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall
below certain limits. The abbreviation "SME" is used in the European Union and by
international organizations such as the World Bank, the United Nations and the World Trade
Organization (WTO). Small enterprises outnumber large companies by a wide margin and
also employ many more people. SMEs are also said to be responsible for driving innovation
and competition in many economic sectors.
17. Rural entrepreneurs
Entrepreneurship implies entrepreneurship emerging in rural areas. (Or) rural
entrepreneurship means rural industrialisation. Industrialisation can’t originate (or) sustain
without entrepreneurship whether rural (or) urban.
18. Women entrepreneur
Government of India has defined women entrepreneurs as owning and controlling an
enterprise with a woman having a minimum financial interest of 51% of the capital and
giving at least 51% of the employment generated in the enterprise to make a decision is
called women entrepreneur
19. Technical entrepreneur
Kalaldeh identified the four areas: Networking Program to help Jordanian Technology
Entrepreneurs exchange experience and knowledge; a Program to create more awareness
on potential opportunities in technology start ups and recognise innovative and outstanding
technology business ideas and start ups; an Investment Program to help
Jordanian Technology Entrepreneurs seeking funding for their start ups at seed and early
stages, in addition to a Capacity Building and Support Program to provide
Jordanian Technology Entrepreneurs with specialized training, mentoring and support
services to help them establish, fund and manage their compan

5. 20. Define intrapreneur
An inside entrepreneur, or an entrepreneur within a large firm, who uses entrepreneurial
skills without incurring the risks associated with those activities. Intrapreneurs are usually
employees within a company who are assigned a special idea or project, and are instructed
to develop the project like an entrepreneur would. Intrapreneurs usually have the resources
and capabilities of the firm at their disposal. The intrapreneur's main job is to turn that
special idea or project into a profitable venture for the company.
21. Explain any two skill for entrepreneur
A wide range of competences are seen as entrepreneurial and useful to entrepreneurs,
these include knowledge, skills and personal traits:
 Management skills – the ability to manage time and people (both oneself and others)
successfully.
 Communication skills (e.g. the ability to sell ideas and persuade others)
22. Define balancing act?
According to c.j.prince balancing act is a ” Excess inventory can eat up your cash, so ditch
the superfluous stock and use better management practices to keep yourbusiness
booming”
23. Reliability bias
Reliability is defined as "an indication of the consistency of scores across evaluators or over
time." An assessment is considered reliable when the same results occur regardless of when
the assessment occurs or who does the scoring. There should be compelling evidence to
show that results are consistent across raters and across scoring occasions.
24. What is valid assessment?
Valid assessments minimize unintended negative consequences. Negative effects of
assessments might include restricting curricula to what can be easily assessed,
communicating unintended messages about power, control, or social status, and fostering
narrow images of the nature of a particular discipline.
25. What is fairness in ED?
Fairness means that an assessment should "allow for students of both genders and all
backgrounds to do equally well. All students should have equal opportunity to demonstrate
the skills and knowledge being assessed." The fairness of the assessment is jeopardized if
bias exists either in the task or in the ratter.

6. 26. What is the tool kit for professional developer?
Alternative Assessment is a product of the Laboratory Network Project. The tool kit contains
numerous examples of alternative assessments and provides professional development
activities that can assist teachers in considering the significance of these concepts for
their carrier
27. What is reliability?
Reliability is defined as "an indication of the consistency of scores across evaluators or over
time." An assessment is considered reliable when the same results occur regardless of when
the assessment occurs or who does the scoring. There should be compelling evidence to
show that results are consistent across raters and across scoring occasions.
28. What is customer segment?
Customer segmentation is the practice of dividing a company'scustomers intogroups
relevant to a particular business. The goal of segmenting customers is to decide how to
relate to customers in eachsegment in order to maximize the value of each customer to
the business.
29. What is business model?
A business model describes the rationale of how an organization creates, delivers, and
captures value, in economic, social, cultural or other contexts. The process of business
model construction is part of business strategy.
30. What is managerial feasibility?
Managerial Feasibility studies is the objectively and rationally uncover the strengths and
weaknesses of an existing business or proposed venture, opportunities and threats which
are presented by the environment, the resources required to carry through, and ultimately
the prospects for success. In its simplest terms, the two criteria to judge feasibility are cost
required and value to be attained. Managerial feasibility study is an analysis of the viability
of an idea. The Managerial feasibility study focuses on helping answer the essential question
of “should we proceed with the proposed project idea?” All activities of the study are
directed toward helping answer this question.
31. What is knowledge funnel thinking process?
As knowledge moves through the ‘knowledge funnel’, productivity grows and costs
drops… The knowledge funnel balances the exploration of new knowledge (innovation) with
the exploitation of current knowledge (efficiency) that facilitates value creation