Entrepreneurship Tutorial

APPENDIX 1

(Cover Page)

UNIVERSITI TUNKU ABDUL RAHMAN

ACADEMIC YEAR 2012/2013

MAY 2012 SEMESTER

UBTE2013 ENTREPRENEURSHIP

INDIVIDUAL ASSIGNMENT COVER SHEET

Course Details

Course : ENTREPRENEURSHIP

Year & semester of study: YEAR 1 TRIMESTER 3

Tutorial Group : T8

Tutor’s Name : MR. WALLANCE TAN CHUN ENG

Lecturer’s Name : MR. ADI WIRA BIN MOHD ZIN

Student’s Details

Name | Student ID No. |

ONG ZHI BIN | 1003513 |

Assignment Overall Marks : _________ Marks

TUTORIAL 2 (Topic 1)

Introduction to Entrepreneurship

Q1. Based on Barringer (2008), stresses four characteristics of Successful entrepreneurs. Detail explanation required.

First, having a strong passion in business is the key to become a success entrepreneur. The passion will help entrepreneur to overcome any obstacles or problem while they are in the process of building their business.

Second, successful entrepreneur should be product/customer focus. Entrepreneur should provide good quality product/ service to their customers. When they have a good quality product/ service, customers will remain to be their loyalty customer and the business will grow.

Third, successful entrepreneur has the tenacity despite failure. While the entrepreneur is trying to build something new, the failure rate might be high. That is why the entrepreneur must be able to go through all the ups and downs to achieve their goals.

Forth, the characteristic of the successful entrepreneur has is what we called execution intelligence. This is where the entrepreneur takes action to change the idea into a real business.

Q2. What are the distinct phases of the entrepreneurial process? Detail explanation required.

The first phase in entrepreneurial process is to deciding to become an entrepreneur.

In this phase, entrepreneur will identify the business opportunity surrounding them and evaluate the business opportunity.

The second phase is developing a...