Monday, February 12, 2018

BBA505 - ENTREPRENEURSHIP MANAGEMENT

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DRIVE
Fall 2017
PROGRAM
BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER
V
SUBJECT CODE & NAME
BBA505 - ENTREPRENEURSHIP MANAGEMENT

1 Explain – the nine types of personalities of entrepreneurs defined by Zahorsky.
Nine types of personalities of entrepreneurs

Answer: Nine types of personalities of entrepreneurs
(i)             The improver: An improver operates business with high degree of integrity and ethics and focus on continuous improvement.
(ii)            The advisor: An advisor entrepreneur tends to be focussed on customer needs, and they provide high level of assistance and advice to customers.
(iii)          The superstar: Charismatic entrepreneur is a superstar. Business is centred around the superstar who is very competitive in nature.


2 What are the contents of a Business Plan? Draft a model Business Plan.
Contents of Business Plan
Answer: Contents of a Business Plan

(i) Description of venture: For an existing business, the details like date of establishment, journey over time with significant milestones, employee data, sales and profit data over time (if history is too long then selected period of say, five years’ data would be enough), organization structure, operating philosophy, vision and mission statements, and details of enabling factors are important.

(ii) Production plan: In case of manufacturing



3 Explain - Harvesting Strategy in any industry.
Harvesting Strategy

Answer: Harvesting Strategy
Harvesting of business though becomes necessary when in the process of bankruptcy it is realised that the business is not viable. At this time business is not harvested or sold voluntarily but through court intervention. If there is no buyer of the business-as-is then assets are sold one by one and the proceeds are used for repaying the dues in the order of priority as laid down by the law. This is called salvaging. An entrepreneur may consider harvesting as exit strategy and
Dear students get fully solved 
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601


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