DEBRE BERHAN UNIVERSITY
COLLEGE OF BUSINESS AND ECONOMICS
DEPARTMENT OF MANAGEMENT
ENTREPRENEURSHIP INDIVIDUAL ASSIGNMENT (10%)
General Instructions:
Please note that this is an Individual Assignment that will be done on individual
basis. Properly write you name, ID no. and your section.
Read the following essay questions and briefly write appropriate answer.
Please read what you have learnt and discussed in the previous sessions in
order to answer the following questions.
The final submission date will be on May 02, 2025. Any late submission will not
be acceptable. Maximum Pages: 5 pages.
Students are expected to produce their original work. Thus, it is strictly forbidden to
entirely copy AI generated texts unless you are expected to correct some grammatical
issues. To prove that, appropriate AI detection software will be used.
ESSAY QUESTIONS
1. Is increasing the entrepreneurial orientation of a firm always a good thing? Alternatively,
are there circumstances or environments in which the further pursuit of opportunities
can diminish firm performance? Justify your answer.
2. List the content that you believe is necessary for an entrepreneurship course. Justify your
answer.
3. Do you really think that entrepreneurs think effectually? What about yourself—do
you sometimes think effectually? In what ways is it good? Then why are we taught
in business classes to always think causally? Are there particular problems or tasks
in which thinking causally is likely to be superior to effectuation? When might
effectuation be superior to causal thinking? Justify your answer.
4. What is the purpose of the business plan if the audience is (a) the entrepreneur,
(b) an investor, or (c) a key supplier? How might the plan be adapted for these
different audiences? Or do you believe that it is better to simply have one business
plan that serves all audiences? Justify your answer.
5. We typically focus on firms from well-developed economies entering markets of
less developed economies. Do firms from less developed economies have a chance
of success if they enter developed markets, such as the United States? What
competitive advantage could a firm from a less developed economy rely on in
entering developed markets? What would likely be the best entry mode? Justify.