BIT2306  ENTREPRENUERSHIP SKILLS.

UNIVERSITY EXAMINATIONS: 2018/2019
EXAMINATION FOR THE DEGREE OF BACHELOR OF SCIENCE IN
INFORMATION TECHNOLOGY/ BACHELOR OF BUSINESS IN
INFORMATION TECHNOLOGY
BIT2306 ENTREPRENUERSHIP SKILLS
FULL TIME/PART TIME/DISTANCE LEARNING
DATE: DECEMBER, 2018 TIME: 2 HOURS
INSTRUCTIONS: Answer Question One & ANY OTHER TWO questions.

QUESTION ONE
a) Discuss how opportunities are important to entrepreneurial ventures. (6Marks)
b) Describe the seven sources of potential opportunity. (14Marks)
c) Explain why it is important for entrepreneurs to understand competitive advantage.
(6Marks)
d) Name four types of start- ups. (4Marks)
QUESTION TWO
a) List possible financing options for entrepreneurs. (5Marks)
b) Describe the characteristics for a successful entrepreneur. (10Marks)
c) State five sources of business ideas. (5Marks)
QUESTION THREE
a) Many entrepreneurs find it difficult to step aside and let others manage their business.
Discuss the relevance of this statement.
(8Marks)
b) Discuss the issues an entrepreneur needs to consider when deciding to exit an
entrepreneurial venture. (8Marks)
c) Give four advantages of buying an existing business. (4Marks)
QUESTION FOUR
a) Describe the importance of family business to the Kenyan economy. (6Marks)
b) Firms that fail to innovate will die. What does this statement mean in the context of
new ventures? (4Marks)
c) Briefly identify and describe the stages of development for a new venture. (10Marks)
QUESTION FIVE
a) Entrepreneurship has a “dark side”. What is meant by this statement? Be complete in
your answer. (8Marks)
b) Describe the specific areas of risks that entrepreneurs face. (8Marks)
c) Differentiate between entrepreneurship and intrapreneurship. (4Marks)

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