Search & Filtering
Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.
–Steve Jobs, Co-Founder, Chairman and CEO, Apple
a. From the viewpoint of the entrepreneur, describe different methods of generating/sources
the new ideas for an innovative business?
b. In starting your start up, it is absolutely important to possess funds for doing the business, Considering the fact enlist the different sources of capital for startup’s that would act as source for the funds?
Many of the successful companies that we see today had their humble beginnings as a bootstrapped enterprise. Examples of these include: Dell Computers (DELL), Facebook Inc. (FB), Apple Inc. (AAPL), Clorox Co. (CLX), Coca Cola Co. (KO), etc.” If they can do, so can you. Identify the different types of bootstrapping strategies/ideas that an entrepreneur can map?
Entrepreneurs have built successful companies by being able to exploit unmet needs in the market.” Considering the situation, describe the competencies that will be needed by entrepreneurs for starting a startup in today’s era
Madhur’s father, was a social worker and very actively working for a well-maintained area in his vicinity. He used to ensure that all the public amenities are used well and maintained properly. One of the road in his area got washed out during a very heavy rains and he filed a request to Municipal Corporate for repairs and maintenance around 5 years before. He was struggling to get his work done and even was not able to understand where the process is stuck. After observing his father’s frustration, Madhur suggested below points to his father:
a. Check if Municipal Corporation is coming under the RTI Act or not? (5 Marks)
b. File an RTI to get all the information’s and updates from Municipal Corporation.
Are you also agree (or disagree) with Madhur on his suggestions to his father? Give your views on both the above points.
Explain how the changes in technology have contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? Use practical examples
Do you think demand for gas is price elastic or price inelastic? Explain your
reasoning.
The freezing cold spell at the beginning of 2010 not only increased demand for road salt,
but it increased demand for gas in the UK. Usage reached 454 cubic metres; the previous
record was 449m set in January 2003. The National Grid which is responsible for energy
in the UK issued several warnings in a matter of days that demand could outstrip supply
and asked supplier so increase the supply. The National Grid also told major gas users,
such as power plants, to reduce demand. Big generators, such as E.On, have both gas-
fired and coal-fired power stations and are able to choose between the two. In total, 27
large gas users were asked to switch - 12 in the East Midlands and 15 in the North West.
b) Illustrate the effect of the National Grid instructing major gas users to reduce their
demand.
c) Analyze two other factors that you think influence demand for gas.
d) Do you think demand for gas is price elastic or price inelastic? Explain your
reasoning.
