MGT602 Entrepreneurship Assignment Solution By A.K

[+ M.Tariq Malik]

  CASE STUDY

 

Following is a statement in which a business owner attempts to explain and justify his preference for slow growth in his business:

 

I limit my growth pace and make every effort to service my present customers in the manner they deserve. I have some peer pressure to do otherwise by following the advice of experts – that is, to take on partners and debt to facilitate rapid growth in sales and market share. When tempted by such thoughts, I think about what I might gain. Perhaps I could make more money, but I would also expect a lot more problems. Also, I think it might interfere somewhat with my family relationships, which are very important to me.

 

Questions:

1. Should this venture be regarded as entrepreneurial? Is the owner a true entrepreneur?

 

Answer: No this business  is not an entrepreneurial and the owner is also not an entrepreneur because he do not have the personality characteristics of true entrepreneur of risk taker , dreamer and convincing power that he can convince his family.

Success of entrepreneur is measured from growth and this person is avoiding growth and slowing down his business.

 

2. Do you agree with the philosophy expressed here? Is the owner really doing what is best for his family?

 

Answer: Person is right to some extent but his philosophy is not logical that can attract and convince someone with this reason. Business not sees any family or peers interference in business. Social factors are not so much important for a business he is avoiding risk and giving the reason of his family that he can not take risk because of them.

 

3. What kinds of problems is this owner avoiding?

 

Answer: This person is avoiding many expected problems like:

Financial problems                                    Fear of losing business

Debt                                                           Family pressure

Peers pressure                                            Risk

 

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BEAT OF LUCK…………………iii

 

By

A.K

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[+ M.Tariq Malik]

Gud A.K keep it up :-)

[+ M.Tariq Malik]

Another Idea Solution of MGT602

ENTREPRENEURSHIP (MGT602)
SEMESTER SPRING (2010)
ASSIGNMENT
DUE DATE: MAY 03RD, 2010 TOTAL MARKS: 20
CASE STUDY
Following is a statement in which a business owner attempts to explain and justify his preference
for slow growth in his business:
I limit my growth pace and make every effort to service my present customers in the manner
they deserve. I have some peer pressure to do otherwise by following the advice of experts – that
is, to take on partners and debt to facilitate rapid growth in sales and market share. When
tempted by such thoughts, I think about what I might gain. Perhaps I could make more money,
but I would also expect a lot more problems. Also, I think it might interfere somewhat with my
family relationships, which are very important to me.
Questions:
1. Should this venture be regarded as entrepreneurial? Is the owner a true entrepreneur? (4)
Answer : In general this is an act of entrepreneurial, as the person is resistive to involve others in
any respect which is one of the characteristic of being an entrepreneur. As one of the force being
an entrepreneur is to have complete control of the business and not to involve others financial
intervention means that to avoid the sharing in a business. But some time under unavoidable
circumstances a person should accept a limited external financing.
.
2. Do you agree with the philosophy expressed here? Is the owner really doing what is best for
his family? (8)
Answer : Up to some limit, I am agree with the philosophy expressed above, as being a true
entrepreneur a person need to be a man in control, but on the other hand he should evaluate the
situation and accordingly to find the solution. In the case mentioned above he should take the
external help to stabilize the business and to avoid to be ruined. Been resistive to take external
help is not the best decision under the above mentioned situation.
3. What kinds of problems is this owner avoiding? (8)
Answer : In fact to avoid and been resistive to the external help, the person is trying to safeguard
the control over the business which is at the moment looks to be 100% belong to him. In case of
partners and debt to facilitate rapid growth he has to oblige other in decision making and
automatically become answerably to the partners.