BBA505 - ENTREPRENEURSHIP MANAGEMENT

DRIVE	SPRING 2015
PROGRAM	BBA
SEMESTER	V
SUBJECT CODE & NAME	BBA505: ENTREPRENEURSHIP MANAGEMENT
BK ID	B1853
CREDIT & MARKS	2 CREDITS & 60 MARKS

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ASSIGNMENT

1. Define the term ‘Entrepreneurship’. Explain the importance of entrepreneurship.

Answer : Entrepreneurship is the tendency of a person to organize the business of his own and to run it profitably, using all the qualities of leadership, decisions making and managerial caliber etc. The term “entrepreneur” is often used interchangeably with “entrepreneurship”. But conceptually they are different.

In a way, entrepreneur precedes entrepreneurship. It is concerned with the development and co-ordination of entrepreneurial functions.

Entrepreneurship is an abstraction and

2. What are the sources of opportunities for an entrepreneur? Discuss the methods of generating ideas.

Answer : Sources of opportunities for an entrepreneur:

1)      The unexpected – the unexpected success, the unexpected failure, the unexpected outside event

2)      The incongruity – between reality as it actually is and reality as it is assumed to be or as it "ought to be"

3)      Innovation based on process need; any inadequacy in a business process that is taken for granted

4)      Changes in industry structure or

5)       

3. Write short notes on the following:

a) Types of ownership securities

Answer : Securities market is a component of the wider financial market where securities can be bought and sold between subjects of the economy, on the basis of demand and supply. Securities markets encompases equity markets, bond markets and derivatives markets where prices can be determined and participants both professional and non professionals can meet.

Securities markets can be split into two levels. Primary markets, where new securities are issued and secondary markets where existing

b) Choosing the Legal Form of New Venture

Answer :

Once you have determined how your new venture is going to be run it is time to select a legal form of conducting business. Establishing a legal business entity is generally required by most

states in order to obtain licenses, collection of sales tax etc. Filing for a Legal Entity is required by the Government if you are going to withhold and pay payroll taxes or participate in certain government sponsored programs. There are three major categories of legal entities listed below and some have multiple variations, they are as follows

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