UNIVERSITY OF BOTSWANA
DEPARTMENT OF MECHANICAL ENGINEERING
INDUSTRIAL ENGINEERING PROGRAMME
IMB 322 – TECHNOLOGICAL ENTREPRENEURSHIP
ASSIGNMENT #1 (2023)
Instructions:
(1) Work independently and submit a well typed answer sheet (PDF Format) to the question
on this Assignment by the deadline that will be given via the Moodle Platform.
(2) Use the file naming convention: “IMB 322_Assignment #1_Your Student ID” for the
electronic submission via Moodle.
Assignment #1 (IMB322 – 2023)
1. State whether the following statements are True or False:
[10]
(a). An entrepreneur is a risk bearer.
(b). Risk assessment is the process of determining the likelihood that a specified negative
event will occur.
(c). Feedback from consumer is a group method of generating new ideas for
entrepreneurs.
(d). Innovation is the only specific instrument of entrepreneurship.
(e). Company is the complex form of organization.
(f). Merger is the extended version of licensing.
(g). Entrepreneurship is for profit making only.
(h). Entrepreneur has no role in development of economy.
(i). Women entrepreneurship has more challenges in the world in general.
(j). Idea generation is the first method of project appraisal.
2. List ten (10) qualities expected of an entrepreneur.
[10]
3. Give ten (10) methods and/or sources of idea generation or inspiration for
entrepreneurs.
[10]
4. List several cultural and environmental issues to be considered when starting a
business.
[10]
5. Describe the purpose of industry/target market feasibility analysis. Identify the
two primary issues that should be considered. What is the difference between a
firm's industry and its target market?
[10]
IMB 322 Technological Entrepreneurship –Assignment #1
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