DBB3114 ENTREPRENUERSHIP MARCH 2025

Description

SESSION	FEBRUARY – MARCH 2025
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	5
COURSE CODE & NAME	DBB3114 ENTREPRENUERSHIP

 

 

Assignment Set – 1

 

 

Q1. What do you understand by entrepreneurship? Explain the elements of entrepreneurship in detail.            5+5     

Ans 1.

Meaning of Entrepreneurship

Entrepreneurship is the process of identifying a business opportunity, organizing resources, and taking risks to create and manage a new venture with the aim of making a profit. It involves innovation, initiative, and the ability to turn an idea into a successful business. Entrepreneurs are individuals who drive this process and are often known for their vision, creativity, and risk-taking capacity.

Entrepreneurship is not limited to starting a new business but also includes improving existing processes, creating new products or services, and contributing to market expansion. It plays a

 

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Q2. Describe the benefits of entrepreneurship to economic development. Explain the role played by government in promoting entrepreneurship.        

Ans 2.

Benefits of Entrepreneurship to Economic Development

1. Employment Generation

Entrepreneurship creates new job opportunities by establishing new businesses and industries. It helps absorb both skilled and unskilled labor, thus reducing unemployment and enhancing living standards.

2. Innovation and Technological Advancement

Entrepreneurs introduce new technologies, products, and services that lead to increased

 

 

Q3. How entrepreneurship & Startup boom is growing in India?                     

Ans 3.

India’s Entrepreneurial Growth

India is witnessing a significant rise in entrepreneurship and startup activities. With favorable demographics, expanding internet access, digital payment systems, and government support, India has become one of the world’s fastest-growing startup ecosystems. From metro cities to tier-II and tier-III towns, individuals are increasingly taking the leap into entrepreneurship,

 

 

Assignment Set – 2

 

 

Q4. Describe various skills an entrepreneur must have. How are entrepreneurs different from intrapreneur?            5+5     

Ans 4.

Essential Skills an Entrepreneur Must Have

1. Leadership and Decision-Making Skills

An entrepreneur must be able to lead a team effectively, motivate others, and make quick and informed decisions. Strong leadership ensures business vision is communicated clearly and goals are achieved collaboratively.

2. Risk-Taking and Problem-Solving Skills

Entrepreneurs operate in uncertain environments and must be willing to take calculated risks. They should also possess the ability to identify problems and implement effective solutions

 

 

Q5. Discuss different types of Startups? Explain with suitable example.           5+5     

Ans 5.

Types of Startups

Startups are newly formed business ventures typically driven by innovation, scalability, and a unique value proposition. While all startups share certain characteristics such as risk, agility, and high growth potential, they vary in purpose, structure, and goals. Understanding the different types of startups helps in identifying business strategies, funding options, and operational needs.

Lifestyle Startups

Lifestyle startups are created by individuals who want to turn their passion into a sustainable

 

 

Q6. What is brainstorming? Explain the concept of business opportunity. 5+5           

Ans 6.

Meaning of Brainstorming

Brainstorming is a creative group problem-solving technique used to generate a large number of ideas or solutions in a short amount of time. It involves the spontaneous contribution of ideas by all participants, without immediate judgment or criticism. The goal is to encourage free thinking and explore diverse possibilities. Brainstorming is commonly used in entrepreneurial