UGC NET Management Previous Year Solved Papers - November 2017
42. Entrepreneurial Judo strategy aims at which one of the following?
- Option : A
- Explanation : Entrepreneurial organizations engage in
“entrepreneurial judo” when competing with
resource-rich organizations. Entrepreneurial
judo is opportunity-driven regardless of the
firm’s resource constraints. Three key
elements of an entrepreneurial judo strategy
are agility, flexibility, and leverage. Drucker
notes three situations where entrepreneurial
judo may work best, namely, in a rapidly
changing environment, in a situation where
a market leader may not find an opportunity
worthwhile, or in a situation where the market
leader refuses to make their current products
or processes obsolete or refuses to creatively
destroy existing competencies and construct
new ones. Entrepreneurial judo enables firms
with limited resources to compete with
established market leaders. “Hits them where
they ain’t”; that is, an entrepreneurial judo
hits the competitors in their weak areas before
the competitors become aware of their
competitive challenges.
Fast and flexible entrepreneurial organizations take on market leaders not only in high-tech sectors such as computer hardware and software but also in traditional, low-tech sectors such as retail. They do so using entrepreneurial judo. In judo, a combatant uses the weight and strength of his opponent to his own advantage.
- A
There are no flaws in the business idea, the fashion, conviction, and tenacity of the entrepreneur.
- B
Make arrangements for finance and prevent occurrence of NPAs by the business entities.
- C
Ensure that the business entity works at a break-even level.
- D
Make plan to raise finance from the market and alternative investment opportunities.
45. Match the items of List (I) with those of List (II); and choose the correct combination:
| List–I | List–II |
| (a) Ethics are the principles of conduct governing an individual or profession. | (i) John Donaldson |
| (b) Ethics is the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. | (ii) Keith Davis |
| (c) Ethics are a set of rules that defines right and wrong conduct. | (iii) Shea |
| (d) Business ethics, in short can be described as the systematic study of moral (ethical) matters pertaining to business, industry or related activities, institutions, or practices and beliefs. | (iv) R. Wayne Mondy |
