Should this venture be regarded as entrepreneurial

Reference no: EM13331591

Following is a statement in which a business owner attempts toexplain and justify his preference for slow growth in his business:

I limit my growth pace and make every effort to service mypresen customers in the manner they deserve. I have some peer pressure todoy otherwise by following the advice of experts – that is, totake on partners and debt to facilitate rapid growth in sales and market share.When tempted by such thoughts, I think about what I might gain. PerhapsI could make more money, but I would also expect a lot moreproblems. Also, I think it might interfere somewhat with my familyrelationships, which are very important to me.

Questions:

1. Should this venture be regarded as entrepreneurial? Is the ownera true entrepreneur?

2. Do you agree with the philosophy expressed here? Is the ownerreally doing what is best for his family?

3. What kinds of problems is this owner avoiding?

Requirements:

• The answers of such questions should be concise andrelevant to the above mentioned scenario. Kindly avoid unnecessary explanations.

• The first question has 4 marks whereas other remainingquestions carry 8 marks each.

Reference no: EM13331591

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