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SSC 1107 Entrepreneurship Skills Midterm

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SSC1107 ENTREPRENEURSHIP SKILLS MIDTERM (30%) Name: Student ID: Instruction: Answer all questions. Question 1 Describe any THREE (3) factors which contribute to the failure of business plans. (15 marks) Question 2 Why entrepreneurship is importance to individuals, society and country. (15 marks) Question 3 Evaluate any THREE (3) characteristics of an entrepreneur that distinguish it from the manager. (15 marks) Question 4 Discuss THREE (3) main reasons why new venture fails. (15 marks) Question 5 - Case Study ENTREPRENEURSHIP: A CASE STUDY OF STEVE JOBS Ajay Kr. Singh* Steve Jobs was born on February 24, 1955 in San Francisco, California, USA, to two University of Wisconsin graduate students who gave him up for adoption. He was adopted by Paul and Clara Jobs, who named him Steven. They were so focused on their son’s needs that they even moved from Mountain View, California, to Los Altos, California, in 1968, to put Jobs in a new school because he said that he could not get along with the children in his old school. (One account says that he told his parents that he was not learning anything at his old school.) He was an odd student, out of step with both classmates and tea ...
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