Provide a detailed analysis in some problems are needed.
problem 1:
1a. Entrepreneurs have a tolerance for ambiguity, a need for achievement and an internal locus of control. What does each of these attributes mean? (3marks)
1b.Entrepreneurs is a process that has three important features. List those three features and describe how they come together in this process (3marks)
1c. Describe four important components of a business plan. (4 marks)

problem 2:
To succeed in a new venture it usually requires the identification of any opportunity; an understanding of the industry and the market, a feasibility study and a written business plan, but in some cases it is just being lucky. Discuss this statement with respect to advising a colleague on commencing a new venture. (20 marks)

problem 3: 
You have just been appointed as the innovation manager of a company. your first task in this new job is to prepare up a document for the staff to help them understand what innovations means and what are the four major types of innovation. 
Next you need to set out the activities you will undertake to help increase the level of innovation within the company and why these activities will impact on the level of innovation. 
Undertake the tasks required in a report format. (10+10 marks)

problem 4:
Identify a social enterprise and or a social Entrepreneur and describe how their activities are both similar and different from a commercial Entrepreneur. Provide exs to illustrate your answer. (20 marks)

problem 5:
a. describe the value proposition concept as it is applied in the field of innovation and entrepreneurship. Why is it an important concept for innovators and entrepreneurs? (8marks)

b. discuss an ex of new value proposition, what are some of the challenges in getting the ERRC right? (12 marks)

problem 6:
What makes an entrepreneur? Describe their personal traits and attributes. To what extent does the macro environment play a role in the success of entrepreneurs? (5+5+10 = 20marks)

problem 7:
Select an entrepreneur or an innovation that you studied this semester.
a). Provide a detailed analysis of the key factors that describe the success of this entrepreneur or the innovation that you have chosen. (10 marks
b). what are the five important lessons that you have learned from your analysis that could be applied to other ventures or opportunities in the future? (10 marks)

problem 8:
What is social entrepreneurship? What benefits are there for entrepreneurs pursing social entrepreneurship? Provide exs of social entrepreneurship to highlight your answer.

problem 9:
Name and justify five differences between an entrepreneur and a small business person? Who do you think has the most challenging role and why?

problem 10:
How can innovation help entrepreneurs become successful in their business endeavors? Discuss how a particular innovation helped a specific entrepreneur or entrepreneur exploit new markets and create new successful business ventures. (10 marks)