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Hps 2212 : Entrepreneurship Skills Question Paper
Hps 2212 : Entrepreneurship Skills
Course:Bachelor Of Human Resource Management
Institution: Kirinyaga University question papers
Exam Year:2016
KIRINYAGA UNIVERSITY
UNIVERSITY EXAMINATION 2015/2016
YEAR 11 SEMESTER 11 EXAMINATION FOR THE DEGREE OF BACHELOR OF HUMAN RESOURCE MANAGEMENT
HPS 2212 :ENTREPRENEURSHIP SKILLS
INSTRUCTIONS
Answer question one [compulsory]and any other two questions
QUESTION ONE
For rapid economic growth and development,a country requires a strategic approach to d eloping entrepreneurship and enterprises.An entrepreneurship approach can be used to harness the tremendous amount of human resource capabilities that exist in Kenya for faster economic growth.Strategic entrepreneurship development and promotion of an enterprise culture can produce a mass creative and innovative Kenya capable of developing into high profile entrepreneurs and industrialist,especially among women and youth,who constitute the majority of the population.Such a strategy can create many business and employment opportunities including self-employment leading to improved standard of living,poverty alleviation and sustainable livelihoods.The big question is who are Kenyan entrepreneurs ?Why have some entrepreneurs succeeded where may other failed?
The needs of entrepreneurs depend on the stages of entrepreneurial activity.Different needs arise at different stages of entrepreneurship development.Indeed the levels of knowledge,skill and attitude required vary not only with the sophistication and basis education of the entrepreneurs involved but as the business grows, with the entrepreneurs recognition of the changing need for more formal learning.The learning needs faced by entrepreneurs are classified into four stages of entrepreneurial development:staring,growth, maturity and decline.
a} Outline five ways a country can enhance the growth of entrepreneurship 5mks
b} Explain five ways entrepreneurship can promote a country's national development
10mks
c}Describe five reasons that contribute to some entrepreneurs failing to succeed 5mks
d} Describe the various financial needs faced by entrepreneurs during different stages of their business 10mks
QUESTION TWO
a}Explain the following terms:
i. Entrepreneurship
ii. Entrepreneur
iii. self-employment
iv. Entrepreneurial traits
v. Technology 10mks
b} There are various financing sources that an entrepreneur can seek fiance's for their business .Discuss two such sources and justify your choice. 10mks
QUESTION THREE
a}Describe five indicators of a good business opportunity 10mks
b} Explain the following theories of motivation as applied in entrepreneurship;
i. Mallow's hierarchy of need 5mks
ii. McClellan d theory of achievement 5mks
QUESTION FOUR
a}Explain five factors an entrepreneur should consider when selecting a source and type of finance. 10mks
b} Discuss the following entrepreneurship characteristics giving an example for each;
i. Skills
ii. Knowledge
iii. Traits
iv. Hardworking
v. Risk taking 10mks
QUESTION FIVE
a} Explain each of the five components of a good business plan 10mks
b} Describe five impediments of successful implementation of good business ideas by entrepreneurs 10mks
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