Entrepreneurship Week 2 NPTEL Assignment Answers 2025

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✅ Subject: Entrepreneurship
📅 Week: 2
🎯 Session: NPTEL 2025 July-October
🔗 Course Link: Click Here
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NPTEL Entrepreneurship Week 2 Assignment Answers 2025

1. The value chain of a start-up firm tends to get built in reality based on:

• Aspirations that the firm would like to have
• Competencies that the firm builds
• Emotions that bind the founders
• The perceptions of investors

Answer : See Answers

2. Holistic prototype development requires:

• A clear understanding of the problem that is being solved
• A creative solution to address the problem
• Design and manufacturing capability
• All of the above

Answer :

3. BDC entrepreneurial potential self-assessment considers:

• Only motivations
• Only aptitudes
• Only Attitudes
• All the above three

Answer :

4. In MBTI personality typology, every participating person is assessed on:

• 16 opposing pairs of personality traits
• 4 opposing pairs of personality traits
• 2 opposing pairs of personality traits
• 8 opposing pairs of personality traits

Answer :

5. The success of many start-ups such as RedBus, Swiggy, Airbnb, Uber and ‘make my trip’ was based on:

• Treating demand and supply separately
• Focussing only on demand
• Focussing only on supply
• Aggregating and linking demand and supply digitally

Answer :

6. What would turn out to be the risks of prototype development?

• Improper identification of the problem
• A solution misaligned to the problem
• Dependence on obsolete technologies and components
• Any or all of the above

Answer : See Answers

7. Paperboat is an Indian startup that succeeded with a thematic grid that combined:

• Ethnic Indian beverages with Ethnic Indian packaging
• Global beverages with Ethnic Indian packaging
• Ethnic Indian beverages with Contemporary modern packaging
• Global beverages with Global packaging

Answer :

8. The fundamental and the first step of design thinking is:

• Designing a product or service
• Empathising with the customer
• Prototyping
• Coming up with a solution independent of customer

Answer :

9. A true design thinking and ideation exercise involves:

• Accepting the status quo
• Questioning the basics
• Relying on experts
• None of the above

Answer :

10. For any start-up idea to fully succeed the following must be fulfilled:

• Desirability for the customer
• Feasibility for the company
• Viability for the customer and the company
• All of the above

Answer : See Answers

NPTEL Entrepreneurship Week 2 Assignment Answers 2024

1. The value chain of a start-up firm tends to get built in reality based on:

a. Aspirations that the firm would like to have
b. Competencies that the firm builds ✅
c. Emotions that bind the founders
d. The perceptions of investors

Explanation:
In the real world, a startup’s operations and processes are shaped around the skills and competencies it develops over time—not just aspirations or emotions. These competencies form the building blocks of the value chain.

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2. The success of many start-ups such as RedBus, Swiggy, Airbnb, Uber and MakeMyTrip was based on:

a. Treating demand and supply separately
b. Focusing only on demand
c. Focusing only on supply
d. Aggregating and linking demand and supply digitally ✅

Explanation:
These platforms acted as digital intermediaries, effectively linking customer demand with service supply through technology—this digital aggregation is central to their success.

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3. Which of the following is not an ideal project for Ideation Workshop?

a. Design of a new retail store format
b. Design of a compact battery for smartphone
c. Simplifying a multi-country production network
d. Computerised improvement of an existing design ✅

Explanation:
Ideation workshops are best for creating new ideas or solving complex problems creatively. Simply computerizing or improving an existing design is more of an engineering or process optimization task, not ideation.

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4. The fundamental and the first step of design thinking is:

a. Designing a product or service
b. Empathising with the customer ✅
c. Prototyping
d. Developing a market plan

Explanation:
Design Thinking starts with understanding the user’s needs deeply—this is known as empathizing, which helps define the problem accurately.

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5. What is the correct basic sequencing of entrepreneurial product or service development?

a. Prototyping–Testing–Validation–Ideation–Commercialisation
b. Prototyping–Ideation–Testing–Validation–Commercialisation
c. Ideation–Validation–Testing–Prototyping–Commercialisation
d. Ideation–Prototyping–Testing–Validation–Commercialisation ✅

Explanation:
This sequence represents the typical entrepreneurial process: start with an idea, build a prototype, test it, validate it with real users, then scale to commercialization.

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6. Prototype costs will usually be:

a. Much lower than final product costs
b. Much higher than final product costs ✅
c. Same as the final product costs
d. None of the above

Explanation:
Prototypes are custom-made and often lack economies of scale. Materials and resources are also used inefficiently, making them more expensive.

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7. The PCT process is ideal when the applicant is not sure of the national markets to target at the time of application because:

a. Patents are automatically granted for all member states
b. There is no need to approach national filings again
c. The single PCT filing is treated as the initial application for any member country ✅
d. PCT applications are applicable for non-member states also

Explanation:
PCT allows a single international patent filing to serve as a placeholder in many countries, giving the applicant time to decide on specific national entries.

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8. Myer-Briggs Type Indicator (MBTI) classifies participants into how many personality groups?

a. Four
b. Twelve
c. Sixteen ✅
d. Twenty

Explanation:
MBTI uses 4 binary dimensions (like introvert/extrovert) which result in 16 unique personality combinations.

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9. Why do startup founders slow down once their firms reach scale?

a. Big businesses tend to be slow-growing
b. Big businesses tend to become structured and bureaucratic ✅
c. Founders are not interested in big businesses
d. Big businesses no longer require founders

Explanation:
Startups are agile and flexible, but as they grow, processes and formal structures increase, which often frustrates founders used to fast execution.

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10. Which of these is NOT one of the MBTI personality polarity pairs?

a. Extraversion – Introversion
b. Sensing – Intuition
c. Thinking – Speaking ✅
d. Judging – Perceiving

Explanation:
MBTI uses “Thinking – Feeling” as a personality pair. “Thinking – Speaking” is not a valid MBTI dimension.

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11. Holistic prototype development requires:

a. A clear understanding of the problem that is being solved
b. A creative solution to address the problem
c. Design and manufacturing capability
d. All of the above ✅

Explanation:
A complete and useful prototype must combine understanding the problem, creatively addressing it, and having the capacity to produce it.

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12. BDC entrepreneurial potential self-assessment considers:

a. Only motivations
b. Only aptitudes
c. Only attitudes
d. All the above three ✅

Explanation:
Entrepreneurial success depends on multiple factors: motivation, aptitude, and attitude are all considered in comprehensive assessments.

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13. In MBTI, every participant is assessed on:

a. 16 opposing pairs
b. 4 opposing pairs ✅
c. 2 opposing pairs
d. 8 opposing pairs

Explanation:
There are 4 key pairs in MBTI:

• Extraversion vs Introversion
• Sensing vs Intuition
• Thinking vs Feeling
• Judging vs Perceiving

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14. What would turn out to be risks of prototype development?

a. Improper identification of the problem
b. A solution misaligned to the problem
c. Dependence on obsolete technologies
d. Any or all of the above ✅

Explanation:
Prototyping can fail if it starts with the wrong problem, uses bad solutions, or outdated tech. All these increase the risk.

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15. Paperboat is an Indian startup that succeeded with a thematic grid that combined:

a. Ethnic Indian beverages with Ethnic Indian packaging
b. Global beverages with Ethnic Indian packaging
c. Ethnic Indian beverages with Contemporary modern packaging ✅
d. Global beverages with Global packaging

Explanation:
Paperboat offered traditional Indian drinks but in modern, travel-friendly, and hygienic packaging—a fusion of tradition and innovation.

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16. A true design thinking and ideation exercise involves:

a. Accepting the status quo
b. Questioning the basics ✅
c. Relying on experts
d. None of the above

Explanation:
Design thinking encourages challenging assumptions and rethinking problems from the ground up, not blindly accepting the current situation.

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17. For any startup idea to fully succeed, the following must be fulfilled:

a. Desirability for the customer
b. Feasibility for the company
c. Viability for the customer and the company
d. All of the above ✅

Explanation:
This is the core of innovation:

• Desirable: People want it
• Feasible: Company can build it
• Viable: It makes business sense