Entrepreneurship And Small Business Management Question Paper

Entrepreneurship And Small Business Management

Course:Master Of Business Administration

Institution: Kenyatta University question papers

Exam Year:2008

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2007/2008
INSTITUTE OF OPEN LEARNING
SPECIAL/SUPPLEMENTARY EXAMINATION FOR THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION

BBA 606: ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT
DATE: Wednesday 12th March 2008

TIME: 9.00am – 12.00pm
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INSTRUCTIONS: Answer any four questions

1.
(a)
Analyze the process of opportunity recognition. [10 marks]
(b)
Discuss the various ways in which changes in the environment can create entrepreneurial opportunities. [15 marks]

2.
(a)
Discuss why small business fail to develop formal business plans. [10 marks]
(b)
Discuss in detail the importance of planning for a small entrepreneurial business. [15 marks]

3.
(a)
Analyze the concept of entrepreneurship. [5 marks]
(b)
“Entrepreneurship is culturally and experically acquired”. Discuss this statement. [20 marks]

4.
(a)
Discuss the challenges of starting and managing an entrepreneurial venture. [15 marks]
(b)
Explain key legislations that a person who owns a small business in the manufacturing sector is likely to comply with. [10 marks]

5.
(a)
Explain the role of micro-financing in the small business sector. [15 marks]
(b)
Discuss the importance of developing management capabilities in the small businesses. [10 marks]

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