BIT2306  ENTREPRENURSHIP SKILLS.

UNIVERSITY EXAMINATIONS: 2018/2019
EXAMINATION FOR THE DEGREE OF BACHELOR OF SCIENCE IN
INFORMATION TECHNOLOGY/ BACHELOR OF SCIENCE IN
APPLIED COMMUPING/ BACHELOR OF BUSINESS IN INFORMATION
TECHNOLOGY/ BACHELOR OF SCIENCE IN SOFTWARE
DEVELOPMENT/ BACHELOR OF SCIENCE IN INFORMATION
SECURITY & FORENSICS
BIT 2306: ENTREPRENURSHIP SKILLS
FULL TIME/PART TIME/DISTANCE LEARNING
DATE: APRIL, 2019 TIME: 2 HOURS
INSTRUCTIONS: Answer Question One & ANY OTHER TWO questions.

QUESTION ONE
a) With specific examples, describe the impact that entrepreneurial firms have on a society.
(10Marks)
b) The success of an entrepreneur depends on a number of factors. Briefly state SIX of the
characteristics (6Marks)
c) Explain the five common myths regarding entrepreneurship. (10Marks)
d) Explain the difference between an opportunity and an idea that makes up an entrepreneur.
(4Marks)
QUESTION TWO
a) Describe what you understand by Window of opportunity in entrepreneurship.
(2Marks)
b) Identify any four environmental trends that are most instrumental in creating business
opportunities. (8Marks)
c) Discuss the impact of globalization on small business ventures in Kenya.
(10Marks)
QUESTION THREE
a) Explain how “solving a problem” can create a business opportunity. Provide an example
of a business opportunity that was created in this way.
(8Marks)
b) Describe four ways for protecting business ideas. (8Marks)
c) Explain the importance of business plan to an entrepreneur. (4Marks)
QUESTION FOUR
a) Explain how a business firm can create and sustain competitive advantage.
(10Marks)
b) Explain why most entrepreneurial ventures need to raise money during their first years of
operation.
(6Marks)
c) Identify any four sources of innovative ideas. (4Marks)
QUESTION FIVE
a) Discuss the impact of IT in business ventures. (5Marks)
b) Give an example of a small business that uses social media such as facebook, twitter,etc
to promote their products and services. How effective do you think the strategy is? Give
some advantages and disadvantages of the use of social media by this company.
(15Marks)

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