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Assignment # 01 SME MANAGEMENT (MGT601) opened on 26th November, 2015 and due date of assignment submission will be 2nd December, 2015.

Assignment # 01 Dated: Nov 25, 15

Important announcement

Assignment # 01



Dear Students

This is to inform that Assignment No.1 will be opened on 26th November, 2015 and due date of assignment submission will be 2nd December, 2015.

A 24 hours extra/grace period after the due date is usually available to overcome uploading difficulties which may be faced by the students on last date.  This extra time should only be used to meet the emergencies; and above mentioned due date should always be treated as final to avoid any inconvenience.


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For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures and read additional material available online or in any other mode.

SME Management (MGT 601) Fall, 2015 Assignment no. 1 Due Date : December 2,

2015 Total Marks: 10 Topic : SME venture & possible challenges
Objective of activity
The prime objective of this activity is that student knows how to locate a particular venture and to understand the possible challenges.
Learning Outcomes
After attempting this assignment students will be able to:
 To generate the thinking of starting new business
 Ability to locate the right venture as per capabilities
 Able to pinpoint the main hurdles for the selected venture
What does really require making a business successful? This is not an easy
question to answer, as each entrepreneur has a different definition of
success. The answer of success is too simple: “The key to a successful
business is customer service and retention”. That is so much important even
than marketing. An entrepreneur is one man show, who has to make all
decision regarding the enterprise (Finance, Procurement, Marketing,
Human Resource, Supply chain etc.
An entrepreneur has to undertake all these to make an entrepreneur
successful. Government is investing a lot to promote the culture of SME’s in
country and have started many schemes for youth regarding loan,
Guidance, Facilitation, Training, Selection and policy making along with
encouraging youth to utilize their forces in building new venture to create
job themselves along with creating job market for the labor force available
in the country.
“The famous statistic indicates that 80 percent of new businesses fail within
five years of its start”. One must has to be very careful to start a new
venture. Considering the fact that you are recently graduated from
University and intending to start a new venture by utilizing your acquired
knowledge and insight. The new venture must have to face stiff competition,
local laws, Inception problems, and marketing & distribution problems
along with general prevailing environment.
Q.1 Having true believed on your abilities to establish an enterprise, you
have to identify and mention the top five attractive areas for new venture.
Note: (Do not mention professions rather describe suitable areas of venture)
Q. 2 Enlist any five possible hurdles/challenges, you may encounter while
establishing your venture.
24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

 Students are advised to study the whole text carefully.  Try not to include any irrelevant material in the solution.  Try to come up with precise and original answers.

 Any act of plagiarism like copy paste from internet will result in ZERO marks.

 Assignments reaching after the due date would not be considered.
 Make sure to upload the solution file before the due date on VULMS.

 Any submission made via email after the due date will not be accepted.
 Use the font style “Times New Roman” or “Arial” and font size “12”.

 It is advised to compose your document in MS-Word format.

 You may also compose your assignment in Open Office format.

 Use black and blue font colors only
 Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various website containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.ht ml
 Please note that your assignment will not be graded or graded as Zero (0), if:

 It is submitted after the due date.

 The file you uploaded does not open or is corrupt.

 It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.

 It is cheated or copied from other students, internet, books, journals etc.
Dear students!
As you know that Pre Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.
Good Luck

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Replies to This Discussion

tau bas pahlay question main name likhny hain like cofee shop etc and for second question us k hurdles ? asa hi haina??


Established Institutes that Extend Facilitation to Entrepreneurs:

1. SMEDA (Small and Medium Enterprises Development Authority) 
2. SBFC (Small Business Finance Corporation) 
3. RDFC (Regional Development Finance Corporation) 
4. IDBP (Industrial Development Bank of Pakistan) 
5. PSIC (Punjab Small Industries Corporation) 
Workable steps should be :

1) SMEs and Economic Efficiency .
First and foremost, small firms are generally inefficient and have to be made efficient through proper policy support and guidance. Small industry needs to be made buoyant and progressive partner in development process.

2) Large-Small Links may not get established automatically, they are to be developed with Government policy support.[Staley and Morse, 1965].

3) Promotion of Entrepreneurship 
Promotion of entrepreneurship through advisory services should be the major objective of SMEs policy in Pakistan.

4) Modernization and Employment 
Policy measures always aim at encouraging small (i.e. traditional) firms to adopt modern product design, production methods and sales techniques for raising production, incomes and living standards.

check discussion get idea nd prepare ur assignment by ur own skills


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