Entrepreneurship Mumbai University April 2014 Solved Answer Paper


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em1 em2

 

Section I

Concepts:

1) Pure entrepreneur

Answer:

Pure Entrepreneur

 

2) Outsourcing

Answer:
3) Feasibility Analysis
4) Innovation v/s Invention

Answer:

In its purest sense, invention can be defined as the creation of a product or introduction of a process for the first time. Innovation on the other hand, occurs if someone improves on or makes a significant contribution to an existing product, process or service.

Consider the microprocessor. Someone invented the microprocessor. But by itself, the microprocessor was nothing more than another piece on the circuit board. It’s what was done with that piece — the hundreds of thousands of products, processes and services that evolved from the invention of the microprocessor — that required innovation.

 

5) Seed capital

Answer:

Seed Capital

 

Section II

Q. 3) Define Women Entrepreneur. Enumerate strategies for development of women entrepreneurs.

Answer:

Concept of women entrpreneurs

Associations promoting women entrepreneurship

 

Q. 4) Explain in detail the sources and methods of generating ideas for a startup enterprise.

Answer:

 

 

Q. 5) State the various problems faced by SMEs and suggest measures for its development. 

Answer:

Problems of SMEs in India

 

Q. 6) Write  short notes on (Any 2):

a) Need for Achievement

Answer:

Need for Achievement

 

b) Objectives of EDP

Answer:

Objectives of EDP

EDP

 

c) Social Entrepreneurship 

Answer:

Social Entrepreneurship 

The differences between “entrepreneurship” and “social entrepreneurship”

 


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