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Entrepreneurship Embu 2017

SIT 126: ENTREPRENEURSHIP
DATE: APRIL 5, 2018
TIME: 11:00 AM-1:00 PM
INSTRUCTIONS:
Answer Question ONE and ANY Other TWO Questions
QUESTION ONE (30 MARKS
a) Robert L. Katz found through his research in the early 1970s that managers need three essential
skills. Discuss any Two of these skills
(5 marks)
b) Economies of scale normally lead to a reduction in average costs within business firms. Idemtify
any Five types of economies of scale
(5 marks)
c) Explain any Five advantages of being an entrepreneur
(5 marks)
d) Explain any Five qualitics that an entrepreneur should possess
(5 marks)
(5 marks)
e) Explain the Five important roles played by a manager in an organization
List any Five forms of business organizations that are found in Kenya
(5 marks)
QUESTION TWO (20 MARKS)
a) Discuss any Five differences between a manager and an entrepreneur
(10 marks)
b) Risks in businesses are the results of failure. Risks cannot be eliminated completely, but they
can be reduced by the process of making decisions. Explain the steps followed in making
decisions within an organization
(10 marks)

QUESTION THREE (20 MARKS)

a) Clearance Danhof classifies entrepreneurs into Four major types. Discuss each of this
type
(10 marks)
entrepreneurs
b) Anumber of factors have discouraged many University graduates in Kenya from engaging in
entrepreneurial activities. In your own words, discuss any Five of such factors (10 marks)
QUESTION FOUR (20 MARKS)
a) Kenya’s economy stands to grow significantly if the ever increasing numbers of graduates from
institutions of higher learning embrace entrepreneurship. In your own words, discuss at least
Five roles that an entrepreneur plays in the economic development of an economy
(10 marks)
b) Drawing mainly form humanistic psychology and clinical experience, Abraham Maslow
outlined an overall theory of motivation (Maslow’s Hierarchy of needs Theory). He said that a
person’s motivation could be arranged in a hierarchical manner. Explain the Five levels in his
(10 marks)
hierarehy of needs.
QUESTION FIVE (20 MARKS)
a) According to R. Buettner, human resource management (HRM) covers a number of core areas.
Discuss any five of these core areas
(10 marks)
b) Today’s managers must deal with challenges associated with globalization. Discuss in your own
words, any four challenges that managers have to deal with in the global environment and how
(10 marks)
to address them
END-

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