Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

Ganga Dhar was working as the production manager in a German company. The company was producing remote operated high-end kitchen equipment. He resigned from his job and returned to Patna, his hometown. In Patna, he met Aditya, his old friend, who had been managing his factory producing steel utensils with old technology. Ganga Dhar encouraged Aditya for the production of high-end kitchen equipment. He also promised to help Aditya by providing funds and his expertise so that the production unit run by Aditya can develop into a big production house and its investors may get high return on investments.Identify the kind of 'source of capital' provided by Ganga Dhar to Aditya and explain the same.

'Sensitivity to environmental factors is essential for an entrepreneur.' In the light of this statement, explain the importance of environment scanning.

Subhiksha was founded in 1997 by R. Subramanian, an IIT-IIM graduate. It operated over 1600 outlets selling groceries, fruits, vegetables, medicines and mobile phones and positioned itself as value retail chain. It adopted strategy to cut price, focus on lower and upper middle class, and opened shops near catchment area of customers. It started with one store in Chennai and within a short span the count reached to 1600 outlets (2008). Still Subhiksha was a failure.Describe the possible reasons behind the failure of Subhiksha.

What dual role entrepreneur has to play?

What is a business plan?

Without having time frame for achievement of goals, you reach no where? Do you agree? If yes, justify.

Rahul wants to start a small shoe manufacturing factory. As a part of his business plan, he prepared an 'entertaining slide show and oral narrative' that was meant to trigger discussion and create interest in potential investors for reading the written presentation. Identify and explain the format of the business plan referred in the above paragraph.

What do you mean by Reorder Point? How it is calculated?

Mohit Pipes and Tube Co. Ltd. goes for public issue of 10,000 shares @ 10 each. Applications were received for 15,000 shares. How did the company proceed with the process of issuing shares?

A sole proprietor does not require registration, but may require certain general formalities. Name any two such formalities.