Entrepreneurship and Management Concepts (ME-803 (C)) - Important Questions

Explain feedback (pull) and feedforward (push) control mechanisms with simple real-life examples

Explain the various characteristics of a system.

Define the IPO model and Steven Alter's nine-element work system model and compare them, including advantages and limitations.

What is a system and what are the various elements of a system?

Explain Steven Alter's nine-element work system framework.

Write short notes on :

Explain what SWOT analysis is, its use and components with example.

Write short notes on supersystem and subsystems, SWOT analysis, leader vs manager, CRM.

Concept of a knowledge-driven learning organization and its role in the modern e-business environment.

Explain the steps in decision-making process and differentiate between structured and unstructured decisions.

Discuss and differentiate types of organizational structures such as line, staff and matrix organizations with examples.

Scope and functional areas of Management.

Write short notes on BCG matrix, Break Even Point (BEP), Law of requisite variety.

How to print / prepare a blank SWOT analysis template?

Explain Maslow's hierarchy of needs theory with examples.

Explain how Herzberg's two-factor theory and expectancy theory are useful for management.

Explain the steps taken by management in the decision-making process.

State methods of stress management and explain Maslow's need hierarchy theory.

Explain the different forms/types of business ownership, including their advantages and disadvantages.

Explain the 4P's of marketing mix in detail with examples.

Define Marketing. Explain its importance and discuss the difference between needs, wants, and demands with examples.

Explain the structure and components of the Balance Sheet and Profit and Loss Account.

Explain NPV and capital budgeting and its importance in capital budgeting decisions

Explain the role of the 4 P's in social marketing.

What are the operating and financial leverage?

Differentiate between fund flow statement and cash flow statement

Explain in brief payback period, standard time and its utility, cost of quality, and SWOT analysis

Define Break-Even Point and explain the variables influencing Break-Even analysis

Explain Break-Even Point (BEP) and financial ratio analysis

Write short notes on law of requisite variety, BCG matrix, fund flow and cash flow statements, and forms of business ownership

Explain why allowances are necessary and describe the different types of allowances.

Explain any two short notes including Herzberg's two-factor theory, Break-Even Point, TQM and JIT, QFD and TPM

Define productivity and explain the different types of productivity.

Explain the time study procedure, including performance rating and allowances.

Explain the various types of manufacturing systems.

How is Six Sigma used in the management process and what are its quality metrics?

What are the objectives of Six Sigma in TQM and how does Six Sigma improve quality of life?

Explain the relationship between operations and productivity.

List and explain the various sources of funds and funding agencies to support new entrepreneurs.

Explain the concept, objectives and structure of Entrepreneurship Development Programs

Discuss Economic and Sociological theories of entrepreneurship.

Short note on MSME and explain the different Entrepreneurship Development Programs available in Indian colleges for young budding engineers

A company produces two types of toys: P and Q. Production time of Q is twice that of P and the company has a maximum of 2000 time units per day. The supply of raw material is just sufficient to produce 1500 toys (of any type) per day. Toy type Q requires an electric switch which is available @ 600 pieces per day only. The company makes a profit of Rs. 3 and Rs. 5 on type P and Q respectively. For maximization of profits, what is the daily production quantities of P and Q toys?

How do you print a blank SWOT analysis?