MGT602 Assignment No 1 Solution Fall 2017

MGT602 Assignment No 1 Fall 2017

Dear Students, MGT602 Assignment Solution has been added. Here you can Read or Download MGT602 - Entrepreneurship Assignment No 1 Solution and Discussion of Semester Fall 2017. MGT602 Assignment Due Date is 13 November, 2017. Total Marks are 10. Topic Covered in this Assignment is " Types of Start-Ups ". We are here to facilitate your learning and we do not appreciate the idea of copying or replicating solutions. Previously we shared MGT602 MEGA Quiz file Mid term 500 solved mcqs.

MGT602 Assignment No 1 Solution Fall 2017

MGT602 Assignment Instructions:

• Read the content given on Page No. 8 in lecture No. 3 of the handouts to grab the concept of “Different types of business start-ups” 
• Write precise and to the point answer and avoid un-necessary details. 

Please Note : 24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. 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

MGT602 Assignment Deadline: 

• Make sure to upload the solution file before the due date on VULMS. 
• Any submission made via email after the due date will not be accepted. 

MGT602 Assignment Formatting Guidelines

• Use the font style “Times New Roman” or “Arial” and font size “12”. 
• It is advised to compose your document in MS-Word format. 
• You may also compose your assignment in Open Office format. 
• Use black and blue font colors only. 

MGT602 Assignment Rules for Marking

• Please note that your assignment will not be graded or graded as Zero (0), if: 
• It is submitted after the due date. 
• The file you uploaded does not open or is corrupt. 
• It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
• It is cheated or copied from other students, internet, books, journals etc. 

MGT602 Assignment Learning objectives:

• To make students familiarize with different types of start-ups. 

MGT602 Assignment Learning Outcome:

• Students will be able to enlist the attributes and characteristics of different types of start-ups. 
• Students will be able to enlist specific requirements for different types of start-ups. 

MGT602 Assignment Background:

While taking a plunge into the business world an entrepreneur must opt one among the three broad types of business startups. He or she can either have a Lifestyle Firm, Foundation Company or a Gazelle (High Potential Firm). Different types of startups have their own unique requirements and limitations. The selection of a startup and its categorization is based on the attribution of resources and their potential implication.

MGT602 Assignment Case:

Bilal is a passionate and vibrant 25 years old young lad with a moderate academic background and good interpersonal skills. He is passionate about weight training and body building right from his childhood. Currently, he is employed in a gym and working as a trainer. Although he grabs a handsome salary from his job but he is not satisfied by his current status of being an employee of a company. Accompanied with a brighter sense of business and risk taking-ability, he wishes to start his own business. He has limited set of skills and attributes making his startup selection decision more critical. He has arranged some finance for his startup so he is a bit ready to do the business. He needs an expert opinion and guidance to flourish his entrepreneurial journey with effective and efficient business management in the later stages of venture growth.

MGT602 Assignment Requirement:

His business startup must be one among the above given three broader types i.e. Lifestyle Firm, Foundation Company and Gazelle (High Potential Firm). As a student of entrepreneurship you need to answer the following questions to help Bilal launch and run a successful business.

1. What type of startup suits him the most looking at his attributes and skill set? Mention the startup type and business name separately. (2 Marks) 
2. Write four logical reasons to justify your suggestion. (4*2=8 Marks).

MGT602 Assignment No 1 Solution Fall 2017

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