MGT602 Assignment # 1

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GMT - 3 Hours MGT602 Assignment # 1

Post by Abir on Wed Oct 26, 2011 10:30 am

Semester “Fall 2011”
“ENTREPRENEURSHIP (MGT-602)”

This is to inform that next Assignment (covering video lecture no. 1 to lecture no 9)

has been opened on VULMS according to the following schedule

Schedule
Opening Date and Time
October 21st ,2011
Closing Date and Time
October 28th , 2011 At 11:59 P.M. (Mid-Night)
Note: Only in the case of Assignment, 24 Hrs extra / grace period after the above mentioned due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Important:

1. For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures, which can be downloaded for free from [You must be registered and logged in to see this link.] and also use other reference books.
2. For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VU-LMS.

Instructions:
· Use the font style “Times New Roman” and font size “12”.
· Your answer should be relevant to the topic i.e. clear and concise, max 100 words
· Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
· Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).
· Obnoxious or ignoble answer should be strictly avoided.
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GMT - 3 Hours Re: MGT602 Assignment # 1

Post by ~*Cute_Girl*~ on Fri Oct 28, 2011 10:36 am

Semester “Fall 2011”
Assignment # 01
“ENTREPRENEURSHIP (MGT-602)”
Total Marks: 20
Topic: Entrepreneurship
Lesson: 01 - 09
Background:
Entrepreneurship is the process of starting a new business in an innovative way by taking risk and making investment while an entrepreneur is a person who owns and operates that business and spends his efforts, time and capital on an uncertain venture. Many individuals have difficulty in bringing their ideas to the market and creating a new venture. Yet entrepreneurship and the actual entrepreneurial decisions have resulted in several million new businesses being started throughout the world successfully.
The Case:
In September 2011, Hira Zaffar left the Pearl Continental as a Quality food manager, she was thrilled at finally receiving the contract for the official cafeteria of Pace with the name of “Executive Lounge”. Hira was MBA graduate of the Punjab University in 2008. She was employed as a quality food manager since 2010 in PC but unfortunately her experience with the job was not very rewarding which convinced her that she should set up her own business where she could be more experimental and have the freedom and flexibility to work with her new ideas. She was much determined to launch her own restaurant so she presented her business proposal in front of Pace management which was approved later during that year.
Issues:
Q1. Being an entrepreneur how Ms. Hira should pursue this business opportunity by keeping in view the location and customer type and how this Executive Lounge restaurant should look like? (10)
Q2. What were the inspiring factors that led Hira to start her own business? (10)
The Special Note: How can you avoid zero marks status?
Dear Students! You are encouraged to consult both online and offline sources with objective to enhance your understanding of the topic of the assignment. But consulting the sources does not mean that you start copy-paste the material from sources. If you do so you will certainly lose marks or your assignment will be graded zero on account of copying from a source. The
workable strategy is to consult the source, enhance your knowledge and write in your own words. A special instruction regarding how to attempt the assignment is given in the announcement because it has been observed that many site and blogs are promoting the culture of cheating and copy/paste among the students and adversely damaging the grades and career of VU students. You all are requested not to copy or read such sub-standard answer that not only kills the creativity but also sabotage the career as well.
Best of luck!
Important Tips
1. This Assignment can be best attempted from the knowledge acquired after watching video lecture no. 1 to 9 and reading handouts as well as recommended text book).
2. Video lectures can be downloaded for free from [You must be registered and logged in to see this link.]
Schedule
Opening Date and Time
October 21st , 2011
Due Date and Time
October 28th , 2011 At 11:59 P.M. (Mid-Night)
Note: Only in the case of Assignment, 24 Hrs extra / grace periodafter the above mentioned due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
Important Instructions:
Please read the following instructions carefully before attempting the assignment solution.
Deadline:
• Make sure that you upload the solution file before the due date. Noassignment will be accepted through e-mail once the solution has beenuploaded by the instructor.
Formatting guidelines:
• Use the font style “Times New Roman” and font size “12”.
• It is advised to compose your document in MS-Word 2003.
• Use black and blue font colors only.
Solution guidelines:
• Use APA style for referencing and citation. For guidance search “APAreference style” in Google and read various website containinginformation for better understanding or [You must be registered and logged in to see this link.]
• Every student will work individually and has to write in the form of ananalytical assignment.
• Give the answer according to question, there will be negative markingfor irrelevant material.
• For acquiring the relevant knowledge don’t rely only on handouts butwatch the video lectures and use other reference books also.
• Do not copy or exchange your answer with other students. Two identical/ copied comments will be marked Zero (0) and may damage yourgrade in the course.
• Books, websites and other reading material may be consulted beforeposting your comments but copying or reproducing the text from books,websites and other reading materials is strictly prohibited. Suchcomments will be marked as Zero (0).
• Obnoxious or ignoble answer should be strictly avoided
Rules for Marking
Please note that your assignment will not be graded or graded as Zero (0) if:
• It has been submitted after due date
• The file you uploaded does not open or is corrupt
• It is in any format other than .doc (MS. Word)
• It is cheated or copied from other students, internet, books, journals etc…
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GMT - 3 Hours Re: MGT602 Assignment # 1

Post by ~*Cute_Girl*~ on Fri Oct 28, 2011 10:37 am

Please help me solving this assignment. Crying
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GMT - 3 Hours Re: MGT602 Assignment # 1

Post by ~*Cute_Girl*~ on Fri Oct 28, 2011 10:37 am

Please help me solving this assignment. Crying
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GMT - 3 Hours Re: MGT602 Assignment # 1

Post by ĽĭÓń ĤéĂѓŦ on Sat Oct 29, 2011 10:46 am

MGT602 Idea Solution Assignment 1 fall
2011

Entrepreneur:

There is agreement that we are talking about a kind of behavior that includes:
• Initiative taking, the organizing and reorganizing or social / economic
mechanism to turn resources and situations to practical account, the
acceptance of risk or failure
entrepreneurs are recognizing the need to learn some of the sciences of
management in an MBA program in order to grow their business effectively
in the global environment, so Ms.Hira have MBA graduated from Punjab
university which is her positive point and she need to follow proper
entrepreneurial process by keeping in the view the location and customer
type Entrepreneurial process contain some points entrepreneur should
pursue this business opportunity by following proper process of entrepreneur
Entrepreneurship characteristics
There are certain individual characteristics needed for a person to be successful
entrepreneurs including: Ms .Hira should pursue this business opportunity by
keeping in view all these points
• Often operates on the frontiers of technology so understands multiple
aspects of the environment.
• Has a vision.
• Possesses flexibility, problem solving skills and uses a multi-
disciplinary approach.
• Encourages open discussion and teamwork.
• Builds a coalition of supporters.
• Secure commitment by top, upper and middle management.
• Identify ideas and general interest areas.
• Use technology for greater flexibility.
• Use a group of interested managers.
• Get close to the customers.
Check if these entrepreneurs’ characteristics are applicable to you.
• Responsible
• Hard Worker
• Risk Taker
• Creative
• Flexible
• Follows through with ideas
• Personable
• Optimistic
• Perceptive
• Self-confident
• Determined

• High degree of energy
• Innovative
• Independent
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GMT - 3 Hours Re: MGT602 Assignment # 1

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