BASICS OF ENTREPRENEURSHIP (BOE) -Syllabus, Long and Short Questions

BASICS OF ENTREPRENEURSHIP - SYLLABUS

Unit – I: Introduction to Entrepreneurship & Self Discovery: - Define Entrepreneurship, Entrepreneurship as a Career option, Find your Flow, Stock of Your Means, Characteristics, Qualities and Skills of Entrepreneurship, Effectuation, Principles of Effectuation, Life as an Entrepreneur, Stories of Successful Entrepreneurs.

Unit – II: Opportunity & Customer Analysis: - Identify your Entrepreneurial Style, Methods of finding and understanding Customer Problems, Run Problem Interview, Process of Design Thinking, Identify Potential Problems worth Solving, Customer Segmentation, Niche Marketing and Targeting, Craft your Values Proportions, Customer-driven Innovation.   

Unit – III: Business Model & Validation: - Introduction to Business Models, Lean approach to Business Model Canvas, Blue and Red Ocean Strategies, the Problem-Solution Fit, Build your Solution Demo, Solution Interview Method, Identify Minimum Viable Product (MVP), Product-Market fit test.

Unit – IV: Economics & Financial Analysis: - Revenue Analysis, Identify different Revenue Streams and Costs Analysis – Startup Cost, Fixed Cost and Variable Cost, Break Even Analysis, Profit Analysis, Introduction to Pricing, different Pricing Strategies, Sources of Finance, Bootstrapping and Initial Financing, Practice pitching to Investors and Corporate.

Unit – V: Team Building & Project Management: - Leadership Styles, Shared Leadership Model, Team Building in Venture, Roles and Responsibilities of team in venture, Explore collaboration tools and techniques, Brainstorming, Introduction to Project Management, Project Life Cycle, Create a Project Plan.

Unit – VI: Marketing & Business Regulations: - Positioning, Positioning Strategies, Branding, Branding Strategies, Selecting and Measuring Channels , Customer Acquisition, Selling Process, Selling Skills, Sales Plans. Business regulations – List of Required Registrations, Compliance Check List, Business Structures and Legal Entities.

                                          

 ESSAY QUESTIONS of BOE

Unit-I

• Define Entrepreneurship and explain the need  of entrepreneurship

• What are the functions, qualities and Skills of an entrepreneur?

• Write about Taking Stock of Your Means.

• What is Finding Your Flow means and mention its benefits.

• What is Effectuation and Explain its principles?

• Explain Benefits and Myths of Entrepreneurship

• Explain the development of entrepreneurship in the Indian context

Unit-II

• Explain the different Styles of Entrepreneurship.

• What are the Methods Of Finding and Understanding Customer Problems?

• Explain the process of Design Thinking with 5 stages involved.

• How to identify and solve potential problems of customers?

• Explain customer driven innovation with examples

• What is Customer Segmentation and Niche marketing?

Unit-III

• What are the types of Business Models?

• What is the Lean approach to Business Model canvas template?

• Difference between Blue ocean and Red ocean strategies.

• Explain the approach of Problems- Solution Test.

• Explain Build your solution demo and Solution Interview method?

• What are the difference between Start-up Venture and Small Business?

• Explain Minimum Viable Product (MVP).

Unit-IV

• What are sources of resources for a company or Identify different revenue streams for a company ?

• Explain the concept of Revenue, Cost Analysis (Startup, fixed and variable costs) and Break even Analysis.

• Explain various Pricing strategies with examples.

• What is Boostrapping  and what are the Sources of Finance in Boostrapping?

• Explain Angel Investors, Venture capitalists, startup accelerators and incubators.

• Explain the Return on Investment with a example.

Unit-V

• Explain the importance of team building in venture.

• What are the role and responsibilities of Good Team in Venture

• Explain Shared Leadership model

• Explore collaboration tools and  techniques

• Explain the Importance of Project Management with Principles involved

• Explain the techniques of Brainstorming and Mind mapping.

• Explain Project Evaluation Techniques using (Gantt Charts, Network Analysis, PERT and CPM)

• Explain 4 stages of Project Life cycle?  

 Unit VI

• Define Positioning and Explain Positioning Strategies.

• Define Branding and Explain Branding strategies.

• Explain customer Acquisition process with a diagram.

• Write about selecting and Measuring channels

• What are Business Regulations and what are the Required Registrations for a Startup?

• Explain Compliance Checklist for Startups.

• Discuss the Sales Plans and Targets, Unique Sales Proposition.

• Explain the Business structures and Legal entities in detail.

            SHORT QUESTIONS OF BOE

1.From which French Word the term “Entrepreneur” is derived.

2.Write about the Life of an Entrepreneur and mention few stories of Entrepreneurs?

3.Any two benefits of Entrepreneur

4.Define Entrepreneurship Propensity

5.What are the Major two characteristics of successful Entrepreneur

6.List the skill set required for Entrepreneur

7.Name any two successful Entrepreneurs

8.Write one style of Entrepreneurship

9.What is meant by Customer Problem?

10.  List the steps in Process of Design Thinking

11.  Give one example for Business Model.

12.  What is customer driven innovation

13.  What is Demographic Segmentation?

14.  List various types of Revenues.

15.  Sources of Finance in Bootstrapping

16.  How the Price of a Product is fixed?

17.  List various Pricing strategies.

18.  Expand MVP

19.  What is Lean Approach?

20.   Define Start-up Venture.

21.  What is Industry Analysis?

22.  Types of Cost in Business.

23.  Market Skimming and Market Penetration Strategy of Pricing

24.  Expand ROI

25.  What is Unit Costing Approach?

26.  Define Team Building

27.  What is Brainstorming?

28.  What is Mind Mapping?

29.  Explain few Leadership styles with an example.

30.  Who is the Project Manager?

31.  Define Positioning.

32.  What is Levels of Channels?

33.  What is Sales Plan?

34.  What is Sales Targets?

35.  What is Start-up Eco-system?

Note: Highlighted/Bold questions are very IMP.