Entrepreneurship and Strategic Management
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Questions and Answers

What is the primary function of the depicted object in the first image?

  • To enhance visibility in low light conditions (correct)
  • To provide a decorative feature
  • To absorb sound for acoustics
  • To serve as a protective barrier
  • Which material is most likely used in the construction of the item shown in the third image?

  • Wood
  • Plastic
  • Glass
  • Metal (correct)
  • How does the innovation depicted in the fifth image improve its usability?

  • By increasing the number of features
  • By enhancing its aesthetic appeal
  • By simplifying the control mechanism (correct)
  • By reducing the overall weight
  • What safety feature is most prominently highlighted in the fourth image?

    <p>Automatic shut-off</p> Signup and view all the answers

    What is one potential drawback of the device shown in the last image?

    <p>It requires frequent charging</p> Signup and view all the answers

    Study Notes

    Entrepreneurship

    • Entrepreneurship Development: Concept, types, theories, process, and developing entrepreneurial competencies
    • Intrapreneurship: Concept and process
    • Women Entrepreneurship and Rural Entrepreneurship
    • Innovations in Business: Types of innovations, creating and identifying opportunities, screening business ideas
    • Business Plan and Feasibility Analysis: Concept and process of technical, market, and financial analysis
    • Micro and Small Scale Industries in India: Role of government in promoting SSI, sickness in small industries, rehabilitation, and institutional finance to small industries
    • Financial Institutions: Commercial banks, cooperative banks, and micro finance

    Strategic Management & Marketing

    • Strategic Management: Concept, process, decision types
    • Strategic Analysis: External analysis (PEST), Porter's approach to industry analysis, internal analysis (resource-based approach), value chain analysis
    • Strategy Formulation: SWOT analysis, corporate strategy (growth, stability, retrenchment, integration), diversification
    • Business Portfolio Analysis: BCG, GE matrix, business model, ansoff's product-market growth matrix
    • Strategy Implementation: Challenges of change, developing programs, McKinsey 7s framework
    • Marketing: Concept, orientation, trends, tasks, customer value, satisfaction, market segmentation, positioning, and targeting
    • Product Decisions: Product life cycle, new product development
    • Pricing: Types and strategies

    Management Statistics & Operations Management

    • Statistics for Management: Concept, measures of central tendency and dispersion, probability distribution (normal, exponential, binomial, Poisson)
    • Data Collection & Questionnaire Design
    • Sampling: Concepts, processes, and techniques
    • Hypothesis Testing: Procedures (T, Z, F, chi-square)
    • Correlation and Regression Analysis
    • Operations Management: Role and scope, facility location, layout, site selection, analysis, layout design, process analysis, enterprise resource planning (ERP) implementation, ERP modules
    • Scheduling: Loading, sequencing, and monitoring
    • Quality Management: Statistical quality control, quality circles, total quality management (TQM), KAIZEN, benchmarking, six sigma, ISO 9000 series standards
    • Operation Research: Transportation, queuing, decision theory, PERT/CPM

    International Business & Artificial Intelligence

    • International Business: Managing business in a globalized era, theories of international trade, balance of payment, foreign direct investment (benefits and costs)
    • Multilateral Regulation of Trade and Investment: WTO
    • International Trade Procedures and Documentation (EXIM policies)
    • Role of International Financial Institutions (IMF, World Bank)
    • Information Technology: Use of computers in management applications (MIS, DSS)
    • Artificial intelligence and big data, data warehousing, data mining, knowledge management, managing technological change

    Management Function & Concept

    • Management: Concept, process, theories, approaches, management roles and skills
    • Management Functions: Planning, organizing, staffing, coordinating, controlling
    • Communication: Types, process, barriers
    • Decision Making: Concepts, processes, techniques, and tools
    • Organization Structure and Design: Types, authority, responsibility
    • Centralization, decentralization, span of control
    • Managerial Economics: Concepts, importance, demand analysis (utility analysis, indifference curve, elasticity, forecasting), market structures, market classification, price determination
    • National income concept, types, and measurement
    • Inflation: Concept, types, and measurement
    • Business ethics, CSR, ethical issues, dilemma, corporate governance, value-based organization

    Accounting & Financial Management

    • Accounting Principles and Standards, preparation of financial statements
    • Financial Statement Analysis: Ratio analysis, funds flow, cash flow, DuPont analysis
    • Cost Accounting: Preparation of cost sheets, marginal costing, cost-volume-profit analysis, standard costing, variance analysis
    • Financial Management: Concepts, functions, capital structure, theories, cost of capital, sources, and finance
    • Budgeting and Budgetary Control: Types, processes, zero-base budgeting
    • Leverages: Operating, financial, combined, EBIT-EPS analysis, financial breakeven point, indifference level

    Organizational Behavior

    • Organizational Behavior: Significance and theories
    • Individual Behavior: Personality, perception, values, attitude, learning, motivation
    • Group Behavior: Group dynamics, team building, leadership, interpersonal behavior, transactional analysis
    • Organizational Culture and Climate
    • Work Force Diversity and Cross-cultural organizational behavior
    • Emotions and Stress Management
    • Organizational Justice and Whistle Blowing
    • Human Resource Management: Concept, perspectives, recent trends
    • Human Resource Planning, recruitment, selection, induction, training, development
    • Job analysis, job evaluation, compensation management

    Capital Budgeting & Management

    • Value and Returns: Time preference for money, valuation of bonds and shares, risk, and returns
    • Capital Budgeting: Nature of investment, evaluation, comparison of methods, risk, and uncertainty analysis
    • Dividend Theories and Determination
    • Mergers and Acquisitions: Corporate restructuring, value creation, merger negotiations, leveraged buyouts
    • Portfolio Management: CAPM, APT
    • Derivatives: Options, payoff, option pricing, forward contracts, future contracts
    • Working Capital Management: Determinants, cash, inventory, receivables, payables management, factoring
    • International Financial Management: Foreign exchange market

    Strategic Role of Human Resource Management

    • Strategic Role of Human Resource Management
    • Competency Mapping & Balanced Scoreboard
    • Career Planning and Development
    • Performance Management and Appraisal
    • Organization Development, Change & OD Interventions
    • Talent Management & Skill Development
    • Employee Engagement & Work Life Balance
    • Industrial Relations: Disputes & Grievance Management, Labour Welfare and Social Security
    • Trade Union & Collective Bargaining
    • International Human Resource Management: HR Challenge of International Business, Green HRM

    Consumer and Industrial Buying Behavior

    • Consumer and Industrial Buying Behavior: Theories and Models of Consumer Behavior
    • Brand Management: Role of brands, equity, models, developing a branding strategy
    • Brand Name Decisions, Brand Extensions, and Customer Loyalty
    • Logistics and Supply Chain Management
    • Sales Force Management: Design, Managing Sales Force, Personal Selling
    • Service Marketing: Managing service quality, service strategies, service firms
    • Customer Relationship Marketing: Relationship building, strategies, values, and processes
    • Retail Marketing: Recent Trends in India, types of retail outlets
    • Emerging Trends in Marketing: Concept of e-marketing, direct marketing, digital marketing, green marketing
    • International Marketing: Entry mode decisions, planning marketing mix for international markets

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    Description

    This quiz explores key concepts in entrepreneurship and strategic management, covering topics such as business planning, innovation, intrapreneurship, and financial institutions. Additionally, it examines the strategic management process and analysis techniques essential for effective decision-making. Perfect for students and professionals looking to enhance their understanding of these critical areas.

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