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ASSIGNMENT
| DRIVE WINETR | SPRING 2014 |
| PROGRAM | BBA |
| SUBJECT CODE & NAME | BBA505 – Entrepreneurship Management |
| SEMESTER | v |
| BK ID | B1853 |
| CREDITS | 4 |
| MARKS | 60 |
1 Define ‘entrepreneurship’. Describe the characteristics of an entrepreneur.
Answer : In political economics, entrepreneurship is the process of identifying and starting a new business venture, sourcing and organizing the required resources, while taking both the risks and rewards associated with the venture.
Tenacity
Starting a business is an ultramarathon. You have to be able to live with uncertainty and push through a crucible of obstacles for years on end. Entrepreneurs who can avoid saying uncle have a better chance of finding their market and outlasting their inevitable mistakes. This trait is known by many names–perseverance, persistence, determination, commitment, resilience–but it’s really just old-fashioned stick-to-it-iveness.
2 What is meant by business plan? Describe the contents of a business plan.
Answer : A written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement
A business plan is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road. The time you spend making your business plan thorough and accurate, and keeping it up-to-date, is an investment that pays big dividends in the long term.
Title Page and Contents
3 Write short notes on the following:
1. Marketing the new venture
Answer : A marketing plan for a new venture is not the same as a plan for an existing business as it begins with distinguishing
business planning through the vision, strategy, tactics and standards, as well as from a business plan including several sub-plans such as a financial plan, a
Dear students get fully solved SMU BBA Spring 2014 assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601