Entrepreneurship Theory and Practice (MANM4101)
Faculty of Economics and Management Science (FEMS)
Semester: First Semester
Level: 400
Year: 2018
The University of Bamenda
Faculty of Economics and Management Sciences
Department of Management
FIRST SEMESTER EXAAMINATION
Course Code: MGMT401 Course Title: Entrepreneurship Theory and Practice
Date: 20
th
February, 2018 Time: Three Hours
Venue:
Course Instructors: Dr. Vukonkeng A. W/Tayong D./, Nanyongo
Section A: Answer all questions. Say true or false and justify in not more than rive lines.
1. A manager who is creative is considered to be an entrepreneur.
2. A change in the layout of a factory or an office is an example of process innovation.
3. The Schumpeter effect holds that there is a direct relationship between unemployment and the level of
entrepreneurship in a country.
4. To Kirzner, arbitrage is acting upon price differentials over time in order to make profit.
5. The visionary function of the entrepreneur relates to the entrepreneur keeping himself/herself abreast with changing
techniques in production.
6. Innovation driven entrepreneurs have as objective to grow rapidly.
7. Small businesses serve the requirements of larger businesses.
8. To Schumpeter, business opportunities are discovered.
9. An unexpected idea from a discussion with a neighbor or a class mate can be a source of idea for enterprise
creation.
10. Corporate entrepreneurship encompasses the birth of new businesses within an existing business.
11. The spirit of entrepreneurship is vested more in the Europeans and Americans than Africans.
12. All leaders are entrepreneurs but net all entrepreneurs are leaders.
13. Corporate entrepreneurship is entrepreneurship through organizations as oppose' to entrepreneurship by
individuals alone.
14. Corporate venturing and strategic renewal are seen as components of leadership in entrepreneur.
15. Entrepreneurial leadership is organizing a group of people to achieve a common goal using proactive
entrepreneurial behavior.
SECTION B: Answer all the questions in this section.
1. a) What is a business plan? (2marks)
b) Why should an entrepreneur develop a business plan? (8marks)
c) Describe five key components of a business plan. (10 marks)
2. Molah and Sons Co. Ltd. was created as a Family Enterprise with the head of the family, Molah Bissong, as the
manager. Given the level of competition in the market and more generally the complex nature of the business
environment, he was advised to take into consideration the concept of Corporate Entrepreneurship. As such, he comes
to you as a business student with the following questions knowing that Managing and sustaining a business calls to
question, the examination of corporate entrepreneurship:
a) What do you as a business student understand by corporate entrepreneurship? (2mks)
b) Explain corporate venturing and strategic entrepreneurship as the main options for implementing corporate
entrepreneurship. (5mks)
c) How can we foster corporate entrepreneurship in such an enterprise? (5mks)
d) What are the benefits Molah and Sons stands to benefit by implementing Corporate Entrepreneurship? (5mks)
END
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