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Graded Discussion Board

Entrepreneurship (MGT602)

Dear Students,

This is to inform that Graded Discussion Board (GDB) will be opened on June 03, 2020 for discussion and last date for posting your discussion will be June 08, 2020.

                         

Topic/Area for Discussion

“Reluctance in entrepreneurial innovation”

 

This Graded Discussion Board will cover first 12 lessons.

 

Short Demo:

If you want to know how to attempt a GDB on VULMS, watch the following short demo on VU Facebook page.

 

Click here to see demo

  Note:

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

 Important Instructions:

  • Your discussion must be based on logical facts.
  • The GDB will open and close on above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB.
  • Use the font style “Times New Roman” and font size “12”.
  • Your answer should be relevant to the topic i.e. clear and concise.
  • Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
  • Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.
  • You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.
  • Obnoxious or ignoble answer should be strictly avoided.
  • You cannot participate in the discussion after the due date via email.
  • Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
  • For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VU-LMS.

 

Note related to load shedding: Please be proactive

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.

 


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Replies to This Discussion

SEMESTER SPRING 2020

Entrepreneurship (MGT602)

Graded Discussion Board

 

Due Date: June 08, 2020

Marks: 5                                                              

Topic: Reluctance in entrepreneurial innovation

Learning Objectives:

  • To explain the critical role of innovation in the context of international entrepreneurship.
  • To explain the reluctance factors in entrepreneurial innovation.

Learning Outcomes:

  • Students will learn the reasons for entrepreneurs for being hesitant towards innovation. 
  • The students will be able to enlist and critically analyze the role of internal and external factors to stop innovation.

 

Scenario:

By going global, an entrepreneur generates greater opportunities of wealth making and employment generation to benefit individuals across the borders. In the meanwhile, international entrepreneurship demands innovative business solutions to face hyper competition. This notion confirms the buzz “Innovate or Die” for the entire entrepreneur community across the globe. International entrepreneurs must list down the sources of change and innovation and then purposefully apply the principles of successful innovation to avoid starvation on the canvas of disruption and innovation. Entrepreneurs attached to manufacturing SMEs in Pakistan struggle to take innovation based initiatives. During manufacturing of goods for international brands these SMEs can be observed obeying multiple quality standards to comply multinationals’ requirements only, but with no real innovation. The reluctance towards innovation is either caused by internal (Organization and personal) or external (Environmental) factors.

 

Point of discussion:

 

Provide argument to clarify either the reluctance towards innovation is stressed by internal or external factors. (5 Marks)

Note:

(Write at least four points to support your argument)

Student’s Guide

  1. Keep your discussion with the mentioned scenario and irrelevant answers and material will not be graded. 
  2. Be careful from those blogs who are promoting cheating culture among our students and killing their creativity and critical thinking. Answers copied from such blogs will be straightaway marked as zero. Similarly any relevant or irrelevant material copied from internet sources will get the same treatment. It can seriously damage your grades.

Note:

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

Important Instructions:

  • Your discussion must be based on logical facts.
  • The GDB will open and close on above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB.
  • Use the font style “Times New Roman” and font size “12”.
  • Your answer should be relevant to the topic i.e. clear and concise.
  • Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
  • Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.
  • You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.
  • Obnoxious or ignoble answer should be strictly avoided.
  • You cannot participate in the discussion after the due date via email.
  • Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
  • For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VU-LMS.

Note related to load shedding: Please be proactive

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

Attachments:

1. The conflict between the employees is a hurdle for innovation.

2. The finance is a constraint for innovation.

3. The risk of failure can come between innovation and creation.

4. The attitude of higher management can be a big problem for innovation.

MGT602 GDB Solution


Reluctance towards innovation in SME sector is due to external and internal factors but internal factors play a major role
The Education Universities of Pakistan are not giving much emphasis on teaching method to enhance the quality of innovation among students so they can go in industries. They are not innovative.
Innovation means to take risk. The firms now a days do not take risks they don’t have much capital to play with.
The managers don’t give innovative ideas to their superiors as failure could lead to their dismissal from job.
SME sector in Pakistan don’t invest much money in innovation and they have not establish any department working for innovative ideas in SME.
The culture of our country just focus on meeting our product demand and not use to do out of the box thinking.

MGT602 GDB NO.1 2020

Solution:
Both internal and external factors affect the performance of any business but I think innovation is more stressed by external factors as they influence the performance and behavior of manufacturing SMEs whereas internal factors are more controllable by entrepreneurs.

Due to technological advancement, SMEs tend to utilize technologies which are not advanced and this puts a strain on the production process and ultimately results in SMEs being uncompetitive in relation to larger firms. This is relatively due to many factors such as financial resources, technical skills, capacity, age, training etc.
Social factors play a significant importance towards effective innovation, and entrepreneurs need to pay more emphasis on social factors in order to gain competitive advantage over their competitors .The social factors allows entrepreneurs to be innovative which leads to economic growth and development which is imperative to sustaining competitive advantage.
Competition is a big source of stress and poses a great threat to the growth and survival of a firm. A firm has a competitive advantage when it implements the strategies or makes a product that has not been introduced by other probable competitors.
Political factors are related to the actions of government and political conditions in the location where the business has established or trying to start business. The legislation and regulations can force businesses to act in a certain manner or prohibit them from acting in a certain i.e., the federal minimum wage law and occupational health and safety laws etc.

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