Subject: Entrepreneurship
Entrepreneurial Intentions Questions with Answers
Group A: Very Short Questions
1. (2023 Fall Q. No. 7, 2019 Spring Q. No. 2, 2019 Fall Q. No. 6) Explain the difference between entrepreneur and manager.
Answer: The differences between an entrepreneur and a manager are as follows:
| Entrepreneur | Manager |
|---|---|
| Starts and owns a business. | Works for a business. |
| Takes high risks. | Minimizes risks. |
| Focuses on innovation and growth. | Focuses on efficiency and execution. |
| Makes independent strategic decisions. | Follows company policies and guidelines. |
2. (2022 Fall Q. No. 9) Point out the factors influencing entrepreneurial intentions.
Answer: The following are some factors that can influence entrepreneurial intentions:
i. Personal Attributes
ii. Social Support
iii. Access to Resources
iv. Economic Conditions
3. (2022 Fall Q. No. 1, 2018 Spring Q. No. 4) Differentiate between entrepreneurship and intrapreneurship.
Answer: The differences between entrepreneurship and intrapreneurship are as follows:
| Entrepreneurship | Intrapreneurship |
|---|---|
| A person starts and owns a new business. | A person works inside a company to develop new ideas. |
| Uses personal money and takes big risks. | Uses company money and takes fewer risks. |
| Creates a completely new product or business. | Improves or adds new ideas to an existing business. |
| Makes all decisions independently. | Follows company rules and works under management. |
4. (2020 Fall Q. No. 9) Outline four sources of entrepreneurship.
Answer: The major sources of entrepreneurship are as follows:
i. Self-Efficacy
ii. Passion and Interest
iii. Social Support
iv. Economic Conditions
5. (2018 Spring Q. No. 2) Explain different types of entrepreneurs in brief.
Answer: The different types of entrepreneurs are as follows:
i. Innovative Entrepreneur
ii. Imitative Entrepreneur
iii. Social Entrepreneur
iv. Traditional Entrepreneur
6. (2018 Spring Q. NO. 3) Define the meaning of corporate entrepreneurship.
Answer: Corporate entrepreneurship means bringing new ideas, products, or ways of working into an existing company. This helps businesses improve, adapt to changes, and stay successful.
Group B: Descriptive Answer Questions
1. (2022 Fall Q. No. 12) It is often said that the decision made by entrepreneur is different from the decision made by manager. Explain how entrepreneurial decision making differs from managerial decision making. – Answer (Click Here)
2. (2021 Spring Q. No. 16, 2020 Fall Q. No. 16) Differentiate entrepreneurial decision making process with managerial decision-making process.
Please see 2022 Fall Q. No. 12
3. (2018 Spring Q. No. 17) Differentiate between managerial and entrepreneurial roles in decision making.
Please refer 2021 Spring Q. No. 16
4. Write about different types of entrepreneurs. – Answer (Click Here)
Click Here: Entrepreneurship Questions With Answers