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Exam (new venture mgt)

17/10/2020 Client: arwaabdullah Deadline: 24 Hours

 


MGT 370 Exam 1


Fall 2020


**Answer any two questions. Each answer is worth 75 points. The depth and breadth of 


your answer should be worth 75 points. 


***Answers should be in your own words. Exam will be submitted in Turnitin for 


similarity check. 


Q 1. Under Week 1 you read an article titled “The Meaning of Entrepreneurship: A Modular 


concept” by Michael Peneder. Discuss all the building blocks of entrepreneurship from the 


article. 


Q 2. Discuss at least, five (5) entrepreneurial characteristics in details. Provide one example of a 


famous entrepreneur under each characteristic and explain why you think the entrepreneur 


exhibit that characteristic. 


Q 3. Entrepreneurs are said to be creative and innovators. A) Explain the difference between 


creativity and innovation. B) Explain the components of creativity. C) Explain why innovation is


important for entrepreneurship and in what manner it is applied in entrepreneurship. 


Q 4. Explain Porter’s Five-forces analysis. Explain every force in detail by explaining different 


factors under each force that increase or decrease the thr

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