New Venture Development Assignment
SEPT SEMESTER 2013
BMNV5103 – NEW VENTURE DEVELOPMENT
ASSIGNMENT (60%)
OBJECTIVE:
The assignment is intended to foster the following objectives: i. Improving your critical thinking and application skills. ii. Identifying various sources of financing for different stages of small business development iii. Conducting a brief research and case study analysis on how a small business acquires and fulfils its financial needs and preferences in different stages of business operation. iv. Combining knowledge from other courses with the new material presented in the course to develop sophisticated analyses and solutions to pursuing financial solutions in today’s fast-paced, global, and highly competitive macro environment.
INSTRUCTIONS: ANSWER ALL QUESTIONS. SELECT A BUSINESS VENTURE A CASE ANALYSIS
QUESTIONS: 1. Many scholars believe that “there is a strong connection between the growth potential of a venture and the quality of its management team”, (Timmons and Spinelli, 2009). Describe what is meant by “management team” philosophy and attitude of entrepreneurial ventures that will eventually contribute to business venture growth [15 marks] Many scholars believe that “there is a strong connection between the growth potential of a venture and the quality of its management team”, (Timmons and Spinelli, 2009). Describe what is meant by “management team” philosophy and attitude of entrepreneurial ventures that will eventually contribute to business venture growth?
From Collins dictionaries the management team is defined as “a team of managers in charge of direction a company, business, etc. Wikipedia define the management team as “senior management, executive management, or management team is generally a team of individuals at the highest level of organizational”. For general definition, management team is a set of peoples that come from various function or responsibility that responsible to manage the organization. “there is a strong
BMNV5103 – NEW VENTURE DEVELOPMENT
ASSIGNMENT (60%)
OBJECTIVE:
The assignment is intended to foster the following objectives: i. Improving your critical thinking and application skills. ii. Identifying various sources of financing for different stages of small business development iii. Conducting a brief research and case study analysis on how a small business acquires and fulfils its financial needs and preferences in different stages of business operation. iv. Combining knowledge from other courses with the new material presented in the course to develop sophisticated analyses and solutions to pursuing financial solutions in today’s fast-paced, global, and highly competitive macro environment.
INSTRUCTIONS: ANSWER ALL QUESTIONS. SELECT A BUSINESS VENTURE A CASE ANALYSIS
QUESTIONS: 1. Many scholars believe that “there is a strong connection between the growth potential of a venture and the quality of its management team”, (Timmons and Spinelli, 2009). Describe what is meant by “management team” philosophy and attitude of entrepreneurial ventures that will eventually contribute to business venture growth [15 marks] Many scholars believe that “there is a strong connection between the growth potential of a venture and the quality of its management team”, (Timmons and Spinelli, 2009). Describe what is meant by “management team” philosophy and attitude of entrepreneurial ventures that will eventually contribute to business venture growth?
From Collins dictionaries the management team is defined as “a team of managers in charge of direction a company, business, etc. Wikipedia define the management team as “senior management, executive management, or management team is generally a team of individuals at the highest level of organizational”. For general definition, management team is a set of peoples that come from various function or responsibility that responsible to manage the organization. “there is a strong
References: should be latest (year 2005 onwards) Notes: • Assignments should be submitted according to the due date. • You are to submit a softcopy and a hardcopy of your assignment to your facilitator. • Plagiarism is not acceptable. If you are not sure what is meant by plagiarism, refer to the various websites which discuss this matter, e.g. owl.english.purdue.edu/handouts. - Definition of New Venture Development is a beginning stage in the life cycle of a business when the new business is being evaluated then created. - Definition of entrepreneurship The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation 's ability to succeed in an ever changing and increasingly competitive global marketplace. Read more: http://www.businessdictionary.com/definition/entrepreneurship.html#ixzz2eSLX8mJ8