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

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

Explain the various characteristics of a system with suitable examples.

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

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

Explain Maslow's need hierarchy theory and Herzberg's two-factor theory with examples. Discuss how they are useful for management.

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

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

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

Differentiate between fund flow statement and cash flow statement.

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

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

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

Define productivity and explain the different types of productivity. Discuss the relationship between productivity, standard of living and happiness.

Write short notes on any two of the following: (i) Entrepreneurship Development Programs (EDPs) - concept, objectives and structure, (ii) Sources of funds and funding agencies for new entrepreneurs, (iii) Theories of entrepreneurship, (iv) MSME and its role.