MGT602 Assignment # 2 Solution

ENTREPRENEURSHIP (MGT602)
SEMESTER SPRING (2010)
ASSIGNMENT NO. 2
DUE DATE: JULY 01ST, 2010
TOTAL MARKS: 20
Solution of Case Study
A: It seems that Partaab Singh misappropriated and misused business resources because
of weak control or carelessness or blind trust of Mr Tanveer. Mr Tanveer could have
avoided this situation by exercising careful control over business transactions and
resources. It is rightly said that no one takes care for any ones interest in business so
according to this statement Tanveer could have assured transparency in business by being
vigilant.
B: Tanveer after the fact has two options:
1. If he wants to keep Partaab as his partner then he should ask Partaab to return
whatever loss he has caused to business by misusing the funds and warn him to be
careful and honest in future. In this case he must also be more vigilant in future.
This is not very desirable solution as in partnership after such type of issues it is
difficult to regain confidence and rebuild trust.
2. Second, which is considered more desirable, option is that Tanveer give option to
Partaab that either he buys his share or sell his share to him as in between option
seems less suitable.