Prepared By: Jawad Hassan
Due Date: July 27, 2020
Total Marks: 8
To make students familiarize with the different types of start-ups.
Students will learn antecedents and characteristics of different types of start-ups.
Entrepreneur literature segregates business startups into three main types: a Lifestyle Firm, Foundation Company and a Gazelle/High Potential Firm. Each of these types has its own antecedents and outcomes. The selection of a startup and its categorization is based on the attribution of resources and their potential implication.
Zubair is a young energetic resource working as an IT support executive in a call center. Prior to that he has been part of a sales team in a multinational firm but lost his job credited to uncertain business conditions amid COVID19 pandemic. He has earned a hybrid degree of MBIT (Master in Business and Information Technology). Interestingly, in the period of lay off (6 weeks) from his previous job he has completed an online course on “Entrepreneurial Ventures”. He has been able to learn the concepts of innovation, startups and E-commerce etc. during this course.
At the moment he considers himself stuck (seeking no further growth as an IT resource) in the current job and wants to do something innovative and dynamic. The entrepreneurial drive which he has got during all this tenure has become a reason for him to opt a startup but the current environment i.e. COVID-19 lockdown scenario is very hostile to the whole business community. In spite of having all the odds: COVID-19 economic crunch, no prior business experience and necessary funds, Zubair has decided to start an online selling business.
As a student of entrepreneurship you need to answer the following questions.
Q-1: What is the type of startup you will tag to Mr. Zubair’s online Business?
Q-2: What are the logics to select the startup type in the first question? (3 points)
Marks: 2 (Startup type) + 2*3 (Three logic comments)
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Question no 1
Gazelles start up business
Question no 2
Reasons to start Information technology online business
1 Zubair has hybrid degree of MBIT(Masters in Business and Information Technology)
2 Zubair worked as an IT support executive in a call center.
3 Zubair has completed an online course on “Entrepreneurial Ventures”. He has been able to learn the concepts of innovation, startups and E-commerce etc. during this course.