Question 1. Write down the concept of Entrepreneurship in your own words.

/ Main issues of
Entrepreneurship.
Answer:
Entrepreneurship as an attempt to create value through recognition of business opportunity and through
the communication and management skills to mobilize human, financial and material resources necessary
to bring a project to realization.
Entrepreneurship is the process of creating something new with value by devoting the necessary time and
effort, assuming the accompanying financial, psychic and social skills and receiving the resulting rewards
of monetary and personal satisfaction and independence.
Entrepreneurship is the process of starting new businesses, generally in response to opportunities.
Entrepreneurs pursue opportunities by changing, revolutionizing, transforming, or introducing new
products or services.
Example- Hong Liang Lu of UTStarcom knew that less than 10% of the Chinese population was served
by land-line phone systems and that service was very poor. He decided that wireless technology might be
the answer. Now this company is the biggest cell phone in china with 66 million subscribers. Lus
company is moving into other markets, including Africa, southeast Asia, India and Panama.

2. Write 10-15 vibrant Entrepreurs name. At least 5 women.

Sam Walton- Founder of Wal-Mart

Mark Zuckerberg- Founder of Facebook

Bill gates- Founder of Microsoft

Women:

Steve Jobs - Founder of Apple

Kanij Almas- Founder of Persona

Nitun Kundo- Founder of Otobi

Kiran Mazumdar- Founder of Biocon

Sheik Akijuddin- Founder of Akij group

Oprah Winfrey- Founder of Harpo Productions

Johirul Islam- founder of Islam group

Cher Wang- Cofounder of HTC

Nasiruddin- Founder of Nasir group

Bibi Russell- Founder of Bibi Productions

A.K Azad- Founder of Azad group

Taslima Miji- Founder and CEO of Techmania

3. The difference between Entrepreneur and Intrapreneur.

Entrepreneur
An entrepreneur is a person who is enterprising and takes calculated risks of business. He manages the
affairs of his firm and bears all the risks. He is responsible for conceiving an idea, setting up an enterprise,
managing and running it efficiently and making a profit.
An entrepreneur is a person who takes risk for establishing a new venture or business in order to create
utility for the welfare of human beings as well for himself. He is always a creative person who seeks out
opportunities and takes on challenges.
Intrapreneur
A person who focuses on innovation and creativity and who transforms a dream or an idea into a
profitable venture by operating within the organizational environment.
A person with entrepreneurial characteristics who is employed within a large organization.

4. Discuss the concept of Group-entrepreneurship.

Group entrepreneurship
It refers to a group of people in a rural village, community, or urban area who manifest the characteristics
of entrepreneurship which are a desire to be self-employed, a willingness to undertake the process of
starting a new enterprise, a willingness to take calculated risks, and the ability to engage in a common
productive activity and to take responsibility for financial resources. The members of the group pool their
resources, obtain entrepreneurship training and assistance, write a business plan, and organize a small
business that can provide them with jobs as a group.
5. Characteristics / Traits of successful entrepreneurs
Self confident and optimistic
Able to take calculated risk
Respond positively to challenge
Flexible and able to adapt

 Knowledgeable of markets
Independent minded
Versatile knowledge
Energetic and diligent
Creative
Dynamic leader
Responsive to criticism
Innovative
6. Climate for intrapreneurship
Organization operates on frontiers of technology
New ideas encouraged
Trial and error encouraged
Failure allowed
Resources available and accessible
Multidisciplinary teamwork approach
Long time horizon
Volunteer program
Appropriate reward systems
Support of top Management
7. Problems and constraints to entrepreneurship development in BD
Frequent changes of government and its policy
Lack of priority on entrepreneurship development in industrial policy
Lack of coordination between institutions
Limited number of training programs
Duration of training courses often is too short and inadequate
Trainers and motivators in many cases are not well trained
Entrepreneurship development training program are not evaluated regularly
Lack of training facilities for trainers
Lack of awareness about facilities and support services
Lack of adequate credit support

 Lack of appropriate institutional set-up for entrepreneurship development training

Crisis of confidence among the parties involved in entrepreneurship development.
8. Feasibility test: A schematic Diagram

Main issues to cover for feasibility test

Market analysis
Potential customers
Condition of existing markets
Structure of competition-intensity of rivalry
Market segment
Methods of distribution and sales promotion
Sales forecast
Consumer behavior
Barriers to entry
Cost structure
Elasticity of demand

Technical analysis
Availability of raw materials, power, and other inputs.
Suitable production process.
Appropriate equipment and machines.
Availability of auxiliary equipments and supplementary engineering works.
Sound layout of the site, buildings, and plants.
Appropriate Technology in context of society.
Financial analysis
Investment outlay and cost of the project.
Sources of finance.
Cost of capital.
Projected profitability.
Break-even point.
Cash flows of the project.
Investment worthwhile ness judged in terms of various criteria.
Projected financial position
Level of risk.
Economic analysis
Per capita income of the people.
Living standard of people.
Economic growth.
Inflation.

 Recession.
Monetary policies of the government.
Fiscal measures.
Government incentive packages.
Investment climate.
Capital market situation.
Labor markets.
Trade-union (CBA)
Ecological analysis
Climate condition.
Frequency of natural climate.
Restoration measures.
Pollution sensitive communities.
Legal implications for environment.
Pressure groups.

Math:
Break Even
NPV (Net present value)
IRR (Internal rate of return)
Payback period

Extra questions:
* Do you want to be entrepreneur? Why?
Yes. Reasons: For freedom, to earn more, to create more job opportunities, to be leader, to help economy
* Importance of entrepreurship concept in BD.
To promote GDP

To increase employment opportunities

 To earn more foreign currency

To provide strength to small business

To increase export
* Write 5 group entrepreneur name.
Bio-pharma, Lanka Bangla, Sony-ericsson, Akij biri (akij and nasir), Saudi-bangladesh Textile Mills Ltd.