MGT602 Assignment # 1 Solution

Suggested Solution of 1st Assignment of MGT602:
Answer # 1:
No this is not an entrepreneurial venture rather it is traditional business
because an entrepreneurial venture is always growth oriented.
And the entrepreneur is not a true entrepreneur rather a traditional or artisan
entrepreneur.
Answer # 2:
No I don’t agree with the philosophy and he/she is doing good for his family
in the short run but at the cost of long run benefits of his/her family. As
without the pace of time a business does not grow so its survival becomes
difficult.
Answer # 3:
Owner is avoiding following problems/challenges:
a. Investment of time
b. Risk taking (Financial, Social and Psychological) Troubles he/she
may have to face in case of loss
c. Investment of more efforts required to manage the expanding business