COMSATS University Islamabad

LAHORE CAMPUS
Defence Road, Off Raiwind Road, Lahore.

DEPARTMENT OF MANAGEMENT SCIENCES

Sessional 1 Examination

Course Title: Entrepreneurship Course Code: MGT403

Resource Person Muhammad Umar Farooq Semester Spring 2020

FA17BBA(C&D) Maximum Maximum

Program / Batch 10 5 hrs
FA17BAF A Marks Time

Student’s Name: MUHAMMAD AHMAD Reg. No. CIIT/FA16-BET-123/LHR

Important Instructions / Guidelines:

 Its an open book paper,you can take help from any source
 Examplify where applicable. Please follow the word limit. Plagiarism not allowed.
Question : (10 Marks)
What impact does Entrepreneurship have on your natural environment? What impact does it have on sustaining
local communities? You can code references and data to back up your argument. Support your answer with
appropriate examples.
(Marks 10)
Answer:
What impact does Entrepreneurship have on your natural environment?
As we know that entrepreneur is an individual who takes initiative to bundle resources in innovative
ways and is willing to bear the risk and uncertainty to act. Being an entrepreneur means he involves in creation
process, requires devotion of time and effort and required assumptions of necessary risks. We also see that the
action of entrepreneur is very important, as entrepreneur behavior in response to a judgmental decision under
uncertainty about a possible opportunity for profit that is key of project success.

Whenever an entrepreneur wants to start a innovative project, he analyze following terms.

 Identification of Opportunity
 Market size
 Window of opportunity
 Business plan
 Nature of decision making environment (that is very important)

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As we know that all above mentions terms decides as the started venture may succeed or not. But the last one is
most important the is that it impact large of effect on our living and non living things on earth.

According to new polices related to projects that includes project learning outcomes that means whenever we
start a project we must see the material we use in our project is it biodegradable or not. If our product is not
degradable it have many impacts on our environment.

If our product is not decomposable it effect.

 Environmental damage
 Threat to animal life
 Suffocation
 Pollution and fumes

So, decision of entrepreneur may have serious consequances on our natural environment.

What impact does it have on sustaining local communities?

Entrepreneur play an important role our community because It moves people from job to business.
When a person start a business with the help of entrepreneur by using skills and initiative necessary to
anticipate needs and bring good new idea to market. Whenever a man take risk of startup it creats a lots of
opportunity in society for poor peoples. It creats jobs in market because to run your business you need a team.

Example: for example you start a business to make hybrid geyser that is new technology and more efficient.We
required designer,welder, electrical technician, painter, team for marketing , installation, maintenance and
transportation service. For this purpose you have to build a team and these peoples may be selected from local
community. That creats a lot of job in community and enhance there living standard.

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