Introduction to Business (MGT211)
Spring, 2014
Assignment.01
Due Date: 21 May, 2014
Total Marks: 10
Topic: Causes of Success and Failures of Business
Objective
The prime objective of this activity is to make the students familiar with the causes of success and failure of business.
Learning outcome of the activity
After attempting this activity, the students will be able to:
1. Identify the factors that can bring success or failure for small businesses in Pakistan.
2. Recommend the measure to avoid such pitfalls that can cause failure in businesses.
3. Solve a case study
Case study
After the death of Mr. Nadeem Khan, his business of confectionery was divided among his two sons, Mr. Khalel Khan and Mr. Raheem Khan. Both were interested in carrying the brand name of Eastren’s Bakers but Khalel was smart enough to carry the brand name and Raheem started the same business with the name of Fresh Bakers in the same city. From the day one, Mr. Khalel started enjoying good sales with less effort as having same salespersons working with his father whereas Mr. Raheem was facing difficulty to hunt good professional bakers. He was less interested in hiring previous salespersons. In the beginning, Mr. Khalel offered same confectionery items but Mr. Raheem introduced some more items and for such purposes he took loan from his friend.
Raheem also tried to set a plant for dry milk but failed to manage the supplies as his actual cost was 50% higher as compared to estimated cost. It was a big loss. Mr. Khalel, as he has worked with his father, was having more information about the cost of raw material and machines thus avoided diversification at the initial stage. Now Mr. Raheem is getting advices from friends and relatives to get out of this situation whereas Mr. Khalel is enjoying good returns.
Requirement:
Solve the case study while answering following questions:
Q1. Identify any five factors that bring failure for Mr. Raheem. (5 Marks)
Q2. Advice Mr. Raheem, how he can get out of this situation? (5 Marks)
Important:
Grace period of extra 24 hours after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
Important Instructions:
Take help from internet for collecting the information.
Carefully watch relevant lectures and consult the relevant material from handouts along with recommended books.
Attempt the assignment by yourself and it will be entertained positively.
Other Important Instructions:
Deadline:
Make sure to upload the solution file before the due date on VULMS.
Any submission made via email after the due date will not be accepted.
Formatting guidelines:
Use the font style “Times New Roman” or “Arial” and font size “12”.
It is advised to compose your document in MS-Word format.
You may also compose your assignment in Open Office format.
Use black and blue font colors only.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various website containing information for better understanding.
Rules for Marking
Please note that your assignment will not be graded or graded as Zero (0), if:
It is submitted after the due date.
The file you uploaded does not open or is corrupt.
It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
Dear Students!
As you know that Pre Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a days. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.
Spring, 2014
Assignment.01
Due Date: 21 May, 2014
Total Marks: 10
Topic: Causes of Success and Failures of Business
Objective
The prime objective of this activity is to make the students familiar with the causes of success and failure of business.
Learning outcome of the activity
After attempting this activity, the students will be able to:
1. Identify the factors that can bring success or failure for small businesses in Pakistan.
2. Recommend the measure to avoid such pitfalls that can cause failure in businesses.
3. Solve a case study
Case study
After the death of Mr. Nadeem Khan, his business of confectionery was divided among his two sons, Mr. Khalel Khan and Mr. Raheem Khan. Both were interested in carrying the brand name of Eastren’s Bakers but Khalel was smart enough to carry the brand name and Raheem started the same business with the name of Fresh Bakers in the same city. From the day one, Mr. Khalel started enjoying good sales with less effort as having same salespersons working with his father whereas Mr. Raheem was facing difficulty to hunt good professional bakers. He was less interested in hiring previous salespersons. In the beginning, Mr. Khalel offered same confectionery items but Mr. Raheem introduced some more items and for such purposes he took loan from his friend.
Raheem also tried to set a plant for dry milk but failed to manage the supplies as his actual cost was 50% higher as compared to estimated cost. It was a big loss. Mr. Khalel, as he has worked with his father, was having more information about the cost of raw material and machines thus avoided diversification at the initial stage. Now Mr. Raheem is getting advices from friends and relatives to get out of this situation whereas Mr. Khalel is enjoying good returns.
Requirement:
Solve the case study while answering following questions:
Q1. Identify any five factors that bring failure for Mr. Raheem. (5 Marks)
Q2. Advice Mr. Raheem, how he can get out of this situation? (5 Marks)
Important:
Grace period of extra 24 hours after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
Important Instructions:
Take help from internet for collecting the information.
Carefully watch relevant lectures and consult the relevant material from handouts along with recommended books.
Attempt the assignment by yourself and it will be entertained positively.
Other Important Instructions:
Deadline:
Make sure to upload the solution file before the due date on VULMS.
Any submission made via email after the due date will not be accepted.
Formatting guidelines:
Use the font style “Times New Roman” or “Arial” and font size “12”.
It is advised to compose your document in MS-Word format.
You may also compose your assignment in Open Office format.
Use black and blue font colors only.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various website containing information for better understanding.
Rules for Marking
Please note that your assignment will not be graded or graded as Zero (0), if:
It is submitted after the due date.
The file you uploaded does not open or is corrupt.
It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
Dear Students!
As you know that Pre Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a days. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.
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