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1. Dear students get fully solved assignments
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ASSIGNMENT
DRIVE FALL 2014
PROGRAM BBA
SEMESTER V
SUBJECT CODE & NAME BBA505: ENTREPRENEURSHIP MANAGEMENT
BK ID B1853
CREDIT & MARKS 2 CREDITS & 60 MARKS
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)

2. 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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