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M.A.M.

School of Engineering
Department of Mechanical Engineering
ME 2035 Entrepreneurship Development
Unit-I (Entrepreneurship)
1.

Define Entrepreneur
An entrepreneur is an advanced economist, is an individual who introduces something new in the
economy, a method of production, a product with which consumers are not yet familiar, a new source of
raw material or new market and the like.

2. What are the Characteristics of an entrepreneur?


The Characteristics of an entrepreneur are
(a) Risk Bearer
(b) Hard Work
(c) Clear Objective
(d) Success and Achievement
(e) Independent
(f) Self Confidence
3. What is Innovation?
An entrepreneur is meant for Innovation. In the present world the taste of the customer keeps on
changing so the entrepreneurs initiate research and innovating activities to produce goods to satisfy the
customers changing demand for the product.
4. State the difference between the entrepreneur and manager
An Entrepreneur starts a venture by setting up a new enterprise for his personal goal achievement. But
the manger renders his service to an enterprise already in existence.
5. What are the types of Entrepreneur?
(i)
Innovating Entrepreneur
(ii)
Imitative Entrepreneur
(iii)
Fabian Entrepreneur
(iv)
Drone Entrepreneur
6. What is Intrapreneur?
The term Intrapreneur was coined in America in the late seventies. In simple word, new entrepreneur
coming from a large industrial organization with a new innovating idea is called intrapreneur.
7. What is the difference between entrepreneur and entrepreneurship?
S.No
Entrepreneur
Entrepreneurship
1
Person
Process
2
Organiser
Organization
3
Innovator
Innovation
4
Risk Bearer
Risk Bearing
8. Define Entrepreneurship
According to Cole, Entrepreneurship is the purposeful activity of an individual or a group of associated
individuals undertaken to initiate, maintain and aggrandize profit by production or distribution of goods
and services.

9. What is the difference between entrepreneur and Intrapreneur?


An Entrepreneur is an independent business man and he bears the risk fully. And the Intrapreneur is
semi-independent business and he will not bear the risk.
10. What are the Characteristics of an Entrepreneur?
(a) Innovating function
(b) Organizing function
(c) A function of group level pattern
(d) Managerial and Leadership function
(e) Gap filling function.
11. What is the gap filling function?
The most important feature of entrepreneurship is gap filling. The main aspects of the entrepreneur are
to fill the gap or make up the deficiencies which always exist in the knowledge about the production
function.
12. Write any five barriers of Entrepreneurship
The barriers of entrepreneurship are
(a) Lack of viable concept
(b) Lack of market knowledge
(c) Lack of technical skill
(d) Lack of initial capital
(e) Lack of business know how
13. What are the factors affecting entrepreneurial growth?
The economic factors that affect the entrepreneurial growth are
(a) Economic factors
(b) Non-Economic factors
(c) Government action
14. List the economic factors that affects the entrepreneurial growth
(a) Capital
(b) Labour
(c) Raw Material
(d) Market
15. What are the non-economic factors?
(a) Legitimacy of Entrepreneurship
(b) Social Mobility
(c) Marginality
(d) Security

Unit-II (Motivation)
1. Define the term Motivation
Motivation is the willingness to exert high levels of effort towards organizational goal, conditional by
the effort ability to satisfy some individual need.
2. What is Motivation Process?
Awareness of entrepreneur need is the first step in the motivational process. The motives are directed
towards the realization of certain goals, which in turn determine entrepreneur behavior. This

entrepreneur behavior leads to goal directed behavior.


entrepreneur looks for a suitable action.

In order to satisfy and achieve goal, an

3. State any two nature of motivation.


(a) Motivation is internal to man
(b) A single motive can leads to different behavior
(c) A different motive can leads to single behavior
4. What is a Murthy et.al motivation factor?
(a) Ambitious Factors
(b) Compelling Factors
(c) Facilitating Factors
5. List out the three needs isolated by McClelland.
(a) Need for affiliation
(b) Need for Power
(c) Need for achievement
6. What are the factors that motivate people to go into business?
(a) Internal Factors
(b) External Factors
7. What are the internal factors that motivate people to go into business?
(a) Desire to do something new
(b) Educational Qualification
(c) Technical background
8. What are the external factors that motivate people to go into business?
(a) Government support and assistance
(b) Availability of labour and raw material
(c) Promising demand for the product etc.
9. What is Self-rating?
Self-rating teaches people to observe their own behavior, compare their outputs to their goals and
administer their own reinforcement to sustain goal commitment and performance.

10. What is business game?


A business simulation or game may be defined as a sequential decision making exercise structured on a
model of business operation, in which the trainee assumes the role of managing the simulated
operation.
11. What is TAT?
The TAT is Thematic Appreciation Test balloons are not provided with the frustration cartoons shown to
the respondent. The respondent is asked to interpret the situation with regards to particular product.
The respondent will ask to react with the cartoon picture.

12. What is Stress?


Stress is defined as an adoptive response to the external situation that results in physical, psychological
and behavioral deviation for organization participants.
13. What is Eustress?
Eustress refers to the healthy, positive, constructive outcome of stressful events and the stress response.
Eustress is the stress experience that activates and motivates people to achieve their goals and succeed
in their lifes challenges.
14. What is Distress?
The Stress is a condition arising from the interaction of people and their jobs and characterized by
change within people that force them to deviate from their normal functioning.
15. What are the symptoms of stress?
(a) Nervousness and Tension
(b) Emotional instability
(c) Sleeping problem absentesian
(d) Inability to relax
16. What do you meant by EDPs?
The need for achievement is one of the important entrepreneurial traits. Behavioral experiments have
proved that need achievement can be developed through entrepreneurial training, popularly known as
EDPs.
17. State EDPs Process
(a) Selection of person with the required potential in terms of knowledge attitudes.
(b) Designing techniques for training.
(c) Selection and training process.
(d) Survey of environment
(e) Strategies to make ED effective.
18. Objectives of EDPs?
(a) Develop and strengthen their entrepreneurial quality
(b) Select Product / Project
(c) Acquire the basic management skills.

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