MGT602 GDB Solution Spring 2022

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MGT602 GDB Solution Spring 2022

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The Topic of is “Success in Business”. The Last Date of GDB Submission is June 02, 2022.

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Requirement:
After attempting this assignment, students will be able to relate academic concepts to real life situations.
Case 1:

Shakeel belongs to a reasonable family. He started a new computer repairing shop with the support of his father. He managed to get some of the repeated customers in no time. After completing his business degree, he was able to give much time to this small venture and soon added different product range to his existing line. He was able to get some space on rent and add some gaming computers as well.
Case 2:
Moazzam is a business graduate. After completion of his degree, he started a 9 to 5 job. After 10 years serving the industry he realized to start his own venture. He enrolled himself in a mushroom cultivation mushrooms from the rooftop of his own home. Initially he invested a small amount but has planned to expand in future.
Requirement:
Compare the two businesses on the basis of explanations made in lectures. Which business according to you has a greater chance of success? Justify your answer with five logical points.

Answer: 
After reading the above cases, I observed that both boys have business degree and after completing their studies Shakeel started his own business but Moazzam gets a job. In todays world having a job person having a specific amount so he cannot fulfill his dreams. But a business person can fulfill his own dreams. So, I finalize Shakeel’s business has a greater chance of success.

There are some logical points that are as follows:

  • The world is adopting new technology day by day, so there will be excessive use of computer so a computer shop business will be a successful business.
  • Shakeel added new gaming computers which are the most used electronic machines in today era.
  • In today’s life everyone uses computers, Shakeel repairs the computer, so there are many chances that he will get plenty of customers who wants to repair their computer.
  • Shakeel added different new products to expand his business which is the proof of his success.

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