Entrepreneurship and New venture planning — DU B.Com (P) Previous Year Question Papers

1. (a) Define entrepreneurship. Critically examine the key traits and competencies required for a successful entrepreneur in the contemporary business environment. (9) (b) Analyse the role of entrepreneurs in economic development. How do they contribute to innovation, employment generation, and balanced regional development? (c) Explain the entrepreneurship process in detail. Discuss how environmental, economic, and social factors influence the emergence of entrepreneurship. (d) Evaluate any two major theories of entrepreneurship. How far are these theories relevant in explaining modern entrepreneurial behaviour? (9) (a) Discuss the classification and types of entrepreneurs. How do different types of entrepreneurs contribute differently to the economy? ,(9) (c) Describe the concept, structure, and evolution of family businesses. Analyse the managerial challenges faced by family firms. (9) (d) Examine the role of women entrepreneurs in 'India. What challenges do they face, and what measures can promote their growth? (9) Explain the process of generating business ideas. How do creativity and_ 1'_ ='-_ a, innovation contribute to opportunity recognition in entrepreneurship? (9) a)) (c) (d) Discuss the importance of a business plan. Elaborate on its key components 'rY^ and its role in attracting investors. Analyse the challenges involved in managing irmovation and scaling up a new venture. Suggest strategies to overcome these challenges. (9) Critically examine the reasons for failure of business plans. Support your answer with suitable examples. (9) (a) (b) (c) (d) Explain the concept and process of resource mobilization in entrepreneurship. What types of resources are essential for a new venture? (9) Discuss various sources of flnance available to entrepreneurg, including traditional and eme.rging sources. Evaluate their suitability for startups. Discuss the importance of business incubators in supporting entrepreneurial ventures. How do they facilitate startup development? (9)