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DRIVE
SUMMER
2016
PROGRAM
BACHELOR
OF BUSINESS ADMINISTRATION (BBA)
SEMESTER
V
SUBJECT
CODE & NAME
BBA505
- ENTREPRENEURSHIP MANAGEMENT
1
Explain – the nine types of personalities of entrepreneurs defined by Zahorsky.
Nine types of
personalities of entrepreneurs
Answer: Nine types of personalities of entrepreneurs
(i)
The
improver: An
improver operates business with high degree of integrity and ethics and focus
on continuous improvement.
(ii)
The
advisor: An
(iii)
2 What do you mean by Business
Plan? Explain its significance.
Business Plan
Significance of a Business
Plan
Answer: Business
plan is a written description of business. It is comprehensive in nature and
comprises details like promoters, existing and proposed products and/or services,
know-how and techniques intended to use, potential markets and customers,
proposed strategies for the marketing of products and services, details of
manpower, available or
3
Explain - Harvesting Strategy.
Harvesting Strategy
Answer: Harvesting
Strategy
Harvesting of business though becomes necessary when
in the process of bankruptcy it is realised that the business is not viable. At
this time business is not harvested or sold voluntarily but through court
intervention. If there is no buyer of the business-as-is
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