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CONFIDENTIAL BM/OCT 2006/ENT600

UNIVERSITI TEKNOLOGI MARAFINAL EXAMINATION

COURSECOURSE CODEEXAMINATIONTIME

: TECHNOLOGY ENTREPRENEURSHIP: ENT600: OCTOB ER 2006: 3 HOURS

INSTRUCTIONS TO CANDIDATES1 . This question paper consists of eight (8) questions.

Answer five (5) questions only in the Answer Booklet. Start each answer on a new page..3.

4 .

Do not bring any material into the examination room unless permission is given by theinvigilator.Please check to make sure that this examination pack consists of:i) the Question Paperii) an Answ er Booklet - provided by the Faculty

DO NOT TURN THIS PA GE UNTIL YOU ARE TOL D TO D O SOThis examination paper consists of 4 printed pages

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CONFIDENTIAL 2 BM/OCT 2006/ENT600

QUESTION 1a) Explain the term 'creativity'. (2 marks)b) Briefly des cribe two (2) important aspec ts of creativity.

(2 marks)c) Explain the four-step creative process.(16 marks)

QUESTION 2a) Explain wh y established firms find it easy to imitate techn opre neu rs' intellectualproperty quickly and at low cost. (5 marks)b) Define a copy right and describe how it protects the techno pren eur's intellectualproperty. (5 marks)c) Define a patent and explain wha t conditions are nece ssary for an inventor to patent.

(5 marks)d) Give two (2) advantages and two (2) disadvantages of patents.

(5 marks)

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CONFIDENTIAL 3 BM/OCT 2006/ENT600

QUESTION 3a) Define entrepreneurial opportunity. (4 marks)b) One way of f inding a good opportunity is to look for a discontinuity in technology,society or markets. List and describe briefly two (2) examples for each of the abovediscontinuities. (6 marks)c) Explain briefly the basic questions asked whe n evaluating an entrepreneurialopportunity. (10 marks)

QUESTION 4a) Explain the three (3) most commonly used type of f inancing for technologicalventures available in the country. Give two (2) examples for each type.

(10 marks)b) If a new venture has a choice between long-term debt and equity f inancing, whichwould you recommend? State your reasons.

(10 marks)QUESTION 5a) En . Kasim is writing his project feasibility study report. W ha t information shou ld heinclude in the marketing segment of the report and why this information is importantto be included? (17 marks)b) En . Kas im intends to present his project feasibility report to a panel of ventu recapitalists. Suggest steps that should be taken by En. Kasim before his oralpresentation.

(3 marks)

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CONFIDENTIAL 4 BM/OC T 2006/ENT600

QUESTION 6a) Describe the four (4) types of innovations and provide an exam ple for each type ofinnovations. (10 marks)b) W hat are the major sources of innovation? Explain and give an exam ple of eac h.

(10 marks)

QUESTION 7a) Discuss wha t is harvest strategy?

(3 marks)b) Describe the factors that may influence an entrepreneur to adopt a harvest strategy.

(9 marks)c) List down the eight (8) steps that should be followed before harvesting a business.

(8 marks)

QUESTION 8How can new product development be successful? Describe four (4) effective productdevelopment strategies.

END OF QUESTION PAPER

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