IGNOU MMPC-18 - Entrepreneurship

1. What are the major entrepreneurial competencies? Discuss. 2. “The government plays most vital role for Micro, Small and Medium Enterprises (MSMEs) development by way of policy formulation and implementation.” In light of the above statement, elaborate on the package ‘Atmanirbhar Bharat’ announced by government for MSMEs development. 3. “Selection of suitable business idea for a product/service is an important process.” Explain the steps to be followed by an entrepreneur in selection of such idea. 4. Discuss the significance & dimensions of Rural Entrepreneurship, and also shed light on few programmes initiated by Ministry of Rural Development to promote Rural Entrepreneurship. 5. Write short notes on the following: • Techno Entrepreneurship • A Scheme for Promotion of Innovation, Rural Industries & Entrepreneurship (ASPIRE) • Venture capital • Social Engineers

1. “Women-owned businesses are one of the fastest-growing segments of entrepreneurship throughout the world.” Discuss several measures which have been taken by Government of India for easy access to funding by women entrepreneurs. 2. “Micro, Small & Medium Enterprises (MSMEs) have been contributing significantly to the expansion of entrepreneurial endeavours through business innovations.” Elaborate upon the special features of MSMEs in Indian economy. 3. “Angel investors, also known as seed investors, are high net worth individuals who invest directly into promising entrepreneurial businesses in return for equity shares in the companies at initial stage of venture development.” In light of this statement explain the features and reasons of angel investments. 4. What do you mean by a Business Model? How to validate a Business Model? Discuss with suitable example. 5. Write short notes on of the following: (a) Motives and Traits (b) SWOT analysis (c) Bootstrapping techniques (d) Elements of social entrepreneurship