Traits of an Entrepreneur

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August 10, 2015

Professor Dr. A. K. M. Saiful Majid

Director

Institute of Business Administration

University of Dhaka

Re: Submission of Class Assignment 

Sir,

It is a great honor for me that I am able to present my assignment based on the Entrepreneurship quiz taken in our first day of class for your consideration as part of our Entrepreneurship coursework. This assignment is based on the introductory personality of an entrepreneur and who should be an entrepreneur. In this assignment, proper justifications of the chosen answers are given.

I did my level best to complete the assignment in a way which can fulfill your expectations.

Sincerely,

Parashar Saha (ZR - 81)

Batch: 21st, Section: B

Institute of Business Administration

University of Dhaka

Q.1 Faced with a problem the entrepreneur is most likely to:

a) Go to a close friend for help. This option is wrong because that specific close friend might not have the adequate skill to solve the problem and get the entrepreneur out of trouble.

b) Get help from a stranger who is known to be an expert. This is the best possible option because even though the person is a stranger she/he knows how to solve the problem.

c) Try to work through the problem alone. This option is also incorrect because the entrepreneur might not be an expert and thus lacks the adequate skill needed to solve the problem.

Q. 2 The entrepreneur is most like the distance runner who runs mainly:

a) To work off energy and keep in good physical condition. This option is wrong because the main concern of an entrepreneur is mainly related to her/his business rather than physical exercise which will keep the person strong and healthy.

b) To gain the satisfaction of beating other competitors in the race. This option is wrong as well because defeating other competitors is not the source of satisfaction they are looking for.

c) To try to better his previous time over the distance. This is the best choice because an entrepreneur initially sets few milestones and tries to achieve them one after another. To achieve one after another they have to work hard and have to better their previous record.

Q.3 Entrepreneurs are motivated most by the need to:

a) Achieve a goal of greater personal importance. This is the most favorable option because for an entrepreneur they must set goals which are too important for them to achieve. Personally they want to establish a business and they would be most motivated by the notion of achieving their personal targets rather than public attention and controlling people.