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.

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