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IIPM
THE INDIAN INSTITUTE OF PLANNING AND MANAGEMENT Entrepreneurship Re-Examination Assignment
Paper Code: IIPM/MKT03/ENT004       Max. Marks: 100 General Instructions: The Student should submit this assignment in his/her own handwritten (not in the typed format). The Student should submit this assignment within 2 days from the issue of the assignment. The student should attach this assignment paper with the answered papers. Write legibly and keep the length of the answer as per the weightage (in terms of marks) assigned to each question. DO NOT be unduly short or long in providing the relevant details. The student should only use the Rule sheet papers for answering the questions. Failure to comply with the above instructions would lead to rejection of assignment.

Specific Instructions:  There are Four Questions in this assignment. The student should answer all the questions along with their subparts. Marks are being assigned to each section of the question as well.  Each Question carries equal marks (25 marks) unless specified explicitly. Question-1(A)[12Marks] Write in detail about any three pitfalls in selecting a new venture. How does lack Of legal knowledge effect the venture as well. Question-1(B)13Marks] An established company wishes to float an IPO for funding a new venture. Discuss the SEBI guidelines for issuing such an IPO. Will it be better if it funds the venture out of retained earnings instead? Why or why not? Question-2(A)[9Marks] Several clearances are required from different authorities depending on the type of industry and the location of the unit. Identify the common clearances required for any type of industry . Question-2(B)[16Marks] Read the following case study carefully and answer the questions which are being given at the end of the case…………………. William, Roof Tile Technical Manager at Daniel Platt Limited and an experienced Brick layer and roofer, recognized the problem precisely. “Builders using clay roof tiles often find that they

Different angles were tried and tested on a metal frame roof construction fitted with boards and tile laths and located within Daniel Platt‟s manufacturing facility. The process began with a cardboard template. West Midlands. distinct position in the selected niche was vital in order to maximize the value of the opportunity. Producing only one type of fitting instead of three would reduce stock levels and improve product availability resulting in more satisfied customers and increases in sale revenue. precision engineering was essential as the valley tiles at every angle must be supported by the regular tiles. This regional development agent provided a mechanism for encouraging companies to think differently and for making innovation „real‟ and effective. As the valley tiles do not feature the „nibs‟ that hold regular roof tiles on the laths. “It was relatively easy to get it right for two angles but all three required more consideration to ensure the aesthetics and the functionality of the tile were right”. The introduction of a flexible product design would enable the right products to be available ex –stock. Conclusion Employ design engineers who really know their markets Entrepreneurial characteristics can be handed down from generation to generation if the culture is right Keep ahead of the market Aim to diversify. 45 and 50 degree pitches. each one requiring a different „fitting‟ which is in fact the term used to describe the angle between the two wings of a valley tile. The task was to design a single tile that would fit all three angles. maintaining a strong. Sales of roof tiles are now providing customers for one third of the company‟s total output. building on core competences when the market moves. Innovative Actions Support Daniel Platt‟s capacity to exploit the opportunity was considerably enhanced by the support of the Innovative Actions Programme. most commonly 40. Daniel Platt‟s entrepreneurial skills and engineering capability were boosted and a product that may have otherwise never reached the market was successfully created. progressed to a metal angled support plate and then to a piece of extruded clay placed on the support plate and cut to required shape. The team provided David Platt with funding to support the research and product development processes including a coaching and mentoring service. The selected best fits were then fired and placed on to the test roof. Having made the move. The Engineering Issue Roofs are constructed with different levels of pitch (slope). The universal valley tiles are currently on test with the building trade and positive feedback is already being received.” During 170 years of manufacturing natur al clay floor tiles Daniel Platt has had to adapt to market needs in an Entrepreneurial way on many occasions and this problem for builders presented an opportunity to create new customers. The move into the niche market for clay roof tiles was one such entrepreneurial response when the wider market for ceramic products became increasingly competitive. especially when working on the valley area of a roof where two pitches meet. The implications in terms of time lost and negative cash flow are significant as jobs cannot be completed within contractual terms. It was a long and meticulous design engineering process.2 cannot get the roof tiles they need when they need them. Routinely builders might have to wait for up to eight weeks because a particular specification to fit the pitch of the roof they were working on was not available. William Wilkes explained.     .

3 Answer the following questions ………………………… [i].What types of precautionary measures should be taken by an Entrepreneure to avoid the failure of the company in its initial stage as well. at what position and in what industry? [ii]. . What were the common challenges faced by the builders? [iii]What are the practical solutions to the problems faced on daily basis by the builders? (iv) What positive results were achieved by implementing innovative actions? Question-3[25 Marks] Define Entrepreneurship? As an entrepreneur how you will develop a business plan to start a company in telecom sector ?Elaborate all the necessary steps to start a company.. Question-4[25 Marks] What are the finance options available to an Entrepreneur? Define them broadly and choose the best of them and support your answer with appropriate practical examples . ……………………………………………….ALL THE BEST ………………………………………………………………………………………………………… ………………………………………………………………………………………………………………… ………………………………………………………………………………………………. William was working for which company.