Launching a Institutional New Venture(Major/Minor) — DU B.A.(Prog.) with Commerce (Entrepreneurship and Small Business) Previous Year Question Papers

Type of the Paper : UGCF Programme : B.A (Prog.) Instruction for Candidates: 3. Part of the questions to be attempted together. Q1. (a) Discuss the significance of creative thinking in generating innovative entrepreneurial ideas. How can entrepreneurs cultivate creative thinking abilities to identify and develop viable business opportunities? (9) (b) Differentiate between entrepreneurial opportunities and business ideas. Why is it essential for entrepreneurs to distinguish between the two before initiating a new venture? (9) (c) Identify any contemporary market trend (such as electric vehicles, digital learning, or similar sectors) and critically analyse how an entrepreneur can recognise opportunities and transform them into viable business ideas. (18) Q2. (a) Explain the major financial dimensions of a feasibility study, including startup costs, operational expenses, and sources of finance. Support your answer with relevant examples. (b) Discuss the process and significance of customer analysis in the successful launch of a new venture. Why is understanding customer needs essential for entrepreneurial success? 03. (a) Explain the formation process, features, and suitability of different forms of business organisation, including Sole Proprietorship, Partnership, Limited Liability Partnership (LL.P), and Company. What factors should entrepreneurs consider while selecting an appropriate business structure? (18) (b) Discuss the importance of intellectual property rights for startups. Explain the role of patents, copyrights, and trademarks in protecting entrepreneurial innovations and business interests, with suitable examples. (9) (c) Explain the role and significance of non-governmental organisations (NGOs) in business promotion and social development. (9) Q4. (a) Define and discuss the various levels of management strategy corporate, business, functional, and operational. How do these strategic levels collectively contribute to achieving organisational objectives? Illustrate with suitable examples. (18) (b) Examine the importance of team building and professional networking in entrepreneurial success. How do these factors contribute to venture growth and sustainability? Support your answer with examples. (9) (c) Discuss the significance of pitching in entrepreneurial fundraising. What are the essential elements of an effective business pitch? (9) Q5. Write a short note on any three of the following: (3x6=18) (a) Business incubators (b) Team building (c) Product and Service feasibility (e) Venture Capitalists