DMBA303 ENTREPRENUERIAL PRACTICES

Description

SESSION	JULY-AUGUST 2025
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	3
COURSE CODE & NAME	DMBA303 ENTREPRENUERIAL PRACTICES

 

 

Assignment Set – 1

 

 

1. Define entrepreneurship and discuss its key characteristics with examples 5+5

Ans 1.

Entrepreneurship

Entrepreneurship is the process of identifying opportunities, mobilizing resources, and creating value through innovation and risk-taking. It involves transforming an idea into a viable business venture that meets market needs while generating profit and contributing to economic growth. According to Peter Drucker, “Entrepreneurship is neither a science nor an art; it is a practice.” This definition highlights the proactive and practical nature of entrepreneurial activity. Entrepreneurs are not merely opportunity seekers but also change agents who drive innovation

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2. How does Google’s emphasis on employee-driven innovation contribute to its success in corporate entrepreneurship 10

Ans 2.

Corporate entrepreneurship refers to the process of fostering innovation and entrepreneurial thinking within established organizations. Google exemplifies this concept by empowering its employees to act as internal entrepreneurs. Its emphasis on employee-driven innovation has been a cornerstone of its sustained success, helping the company remain at the forefront of technological advancement

 

3. Explain the process of generating new entry opportunities and its importance for entrepreneurs. 10

Ans 3.

Generating new entry opportunities refers to the process by which entrepreneurs identify, evaluate, and exploit business ideas that can be transformed into profitable ventures. This process is fundamental to entrepreneurship because it determines the foundation upon which new businesses are built.

 

Assignment Set – 2

 

4. Discuss the importance of creative problem-solving in entrepreneurship. How can entrepreneurs apply divergent and convergent thinking to find innovative solutions to common business challenges 5+5

Ans 4.

Introduction

Creative problem-solving is one of the most essential skills for entrepreneurs. In a dynamic and competitive business environment, entrepreneurs constantly face challenges such as limited resources, changing customer preferences, and technological disruptions. Creative problem-solving enables them to identify unique solutions, seize new opportunities, and maintain a competitive

 

5. What are the key factors to consider when selecting a foreign market for international expansion? Why is it important for entrepreneurs to assess barriers to international trade before expanding? 5+5

Ans 5.

Selecting the right foreign market is a critical strategic decision for entrepreneurs planning international expansion. A poor choice of market can result in financial loss, operational inefficiencies, and regulatory complications. Therefore, entrepreneurs must evaluate multiple factors before finalizing an entry strategy that aligns with their business objectives and capabiliti

 

 

6. Discuss the key components of a business plan and explain how each element contributes to the overall success of a new venture. Provide examples to support your answers. 5+5

Ans 6.

Key Components of a Business Plan (5 Marks)

A business plan serves as a comprehensive roadmap that defines a company’s vision, objectives, and strategies. It guides entrepreneurs through startup phases, operational management, and growth, ensuring clarity and direction.

Main Components of a Business Plan

Executive Summary

This section provides an overview of the business, its mission, objectives, and financial potential. It helps attract