Entrepreneurship and New Venture Creation

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a. Define Entrepreneurship (Give three definitions and briefly explain them). (Max. 300 words)

b. Describe its roles (Discuss 1 economic and 1 social contributions). (Max. 200 words)

c. Identify two SME support systems in the Sultanate of Oman (You should: i. give a brief background information on each; ii. discuss the kind of ventures they support; iii. specify the amount of finance/funding they provide; and iv. describe the qualifying criteria they use). (Max. 300 words)

d. Briefly discuss the key issues in setting-up a small business (Briefly discuss five main issues). (Max. 150 words)

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