In the following statement, a business owner attempts to explain and justify his preference for slow...

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In the following statement, a business owner attempts to explainand justify his preference for slow growth in his business.
I limit my growth pace and make every effort to service mypresent customers in the manner they deserve. I have some peerpressure to do otherwise by following the advice of experts – thatis, to take on partners and debt to facilitate rapid growth insales and market share. When tempted by such thoughts, I thinkabout what I might gain. Perhaps I could make more money, but Iwould also expect a lot more problems. Also, I think it mightinterfere somewhat with my family relationships, which are veryimportant to me.
After reading this statement, respond to the followingquestions:
1. Should this venture be regarded as entrepreneurial? Is theowner a 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 trying to avoid?

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3.7 Ratings (462 Votes)

1 No We can say that this venture cannot be considered as a true entrepreneurial endeavor and the owner cannot be considered as a true entrepreneur due to the fact that there are no criteria that separate the business from the competition in the market the owner isnt willing to take risks to maximize the input and the See Answer

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