NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: ENT 801

CREDIT UNIT: 2

COURSE TITTLE: BUSINESS PLANNING FOR ENTREPRENEURIAL GROWTH

TIME ALLOWED: 3 HOURS

INSTRUCTIONS: 1. Indicate your Matriculation Number clearly 2. Attempt questions one (1) and any other two (2) questions. Three questions in all 3. Question one (1) is compulsory and carries 30marks, while the other questions carry 20marks each. 4. Present all your points in coherent and orderly Manner Question number 1 is compulsory

1a. Even small companies often have to give some thought to defining what their business is. Take the example of a garden maintenance company that found itself gaining a reputation for turning bland yards into showpieces. What is business planning?

1b. Business plans are guides for business owners to run their businesses effectively. What are the benefits, significant or advantage of business planning?

2. Describe general business planning guidelines and format

3. Business plan writers must strive to communicate their expectations about the nature of an uncertain future. However, the liabilities of newness make communicating the expected future of new ventures difficult (more so than for existing businesses). List and explain five basics communications principles of a business plan

4. Creating your new business plan involves a detailed process with a number of stages, some of which can overlap. List and explain the processes of business planning.