SECTION B

INSTRUCTION: Attempt ALL questions in this section. This section must be done in the answer booklet provided.

1. State any five sources of innovative ideas. (5 Marks)

1b. Explain briefly any four of the sources of innovative ideas. (8 Marks)

2. State the four steps of the creative process (4 Marks)

2b. briefly explain any two steps of the creative process (8 Marks)

3. State any five reasons why new ventures are started (5 Marks)

3b. State five factors that can influence the success or failure of a new venture (10 Marks)

(40 Marks)

SECTION C

1a. State any five important pitfalls commonly encountered in the process of selecting a new venture (5 Marks)

1b. Briefly explain how any four of the pitfalls affect the process of selecting a new venture. (5 Marks)

2a. Define corporate entrepreneurship (5 Marks)

2b. State five important points for establishing corporate entrepreneurship (5 Marks)

3a. State five entrepreneurial motivation for individuals for starting a venture (5 Marks)

3b. Classify the three stated entrepreneurial motivation for starting a new venture into;

i. The macro approach of entrepreneurship

ii. The micro approach of entrepreneurship

(6 Marks)

3c. State briefly your reasons for the classification (6 Marks)

(40 Marks)