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Module 1 - Important Questions (1)

The document outlines important questions related to entrepreneurship, covering definitions, roles, and responsibilities of entrepreneurs, as well as the Business Model Canvas and the entrepreneurial process. It differentiates between entrepreneurs and employees, discusses intrapreneurship, and emphasizes the significance of entrepreneurial values and competencies. Additionally, it addresses the advantages and disadvantages of entrepreneurship and their impact on individual decision-making.

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manassri2006
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2 views1 page

Module 1 - Important Questions (1)

The document outlines important questions related to entrepreneurship, covering definitions, roles, and responsibilities of entrepreneurs, as well as the Business Model Canvas and the entrepreneurial process. It differentiates between entrepreneurs and employees, discusses intrapreneurship, and emphasizes the significance of entrepreneurial values and competencies. Additionally, it addresses the advantages and disadvantages of entrepreneurship and their impact on individual decision-making.

Uploaded by

manassri2006
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Module 1 Important Questions

1. Who is an entrepreneur? Discuss the definition, roles, and responsibilities of an


entrepreneur in establishing and managing a successful business venture.
2. Explain the Business Model Canvas (BMC). Discuss all nine building blocks of the
Business Model Canvas and demonstrate how it can be used to design and evaluate a
start-up business model with a suitable example.
3. Explain the entrepreneurial process in detail, starting from opportunity identification
to business growth. Illustrate each stage with an appropriate real-world example.
4. Differentiate between an Employee and an Entrepreneur. Compare them based on
objectives, risk-bearing ability, decision-making authority, income, innovation,
responsibility, and career growth using a suitable comparison table.
5. Define entrepreneurship. Explain the functions, need, and importance of
entrepreneurship in promoting economic growth, innovation, employment generation,
and social development with suitable examples.
6. Define an Intrapreneur. Differentiate between an Entrepreneur and an Intrapreneur
with suitable examples. Explain how intrapreneurship contributes to organizational
innovation and competitiveness.
7. Discuss the concept of Start-up Management. Explain the major stages involved in
managing a start-up, including idea validation, business planning, funding, team
building, marketing, scaling, and sustainability.
8. Explain the key competencies and characteristics of a successful entrepreneur. How
do these competencies contribute to long-term business success? Support your answer
with suitable examples.
9. What are entrepreneurial values? Discuss the significance of values such as
innovation, integrity, risk-taking, perseverance, leadership, and social responsibility in
entrepreneurial success.
10. Discuss the advantages and disadvantages of entrepreneurship. How do the benefits
and challenges influence an individual's decision to become an entrepreneur?

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