assign2

Assignment 2: Unit 2 (8%)

Instructions

Start by opening Microsoft Word on your device and creating a new document. Once you have created your assignment document, go to the File Menu and select, “Save as”; choose the storage location where you want to save it (your hard drive/memory stick/folder etc.). Choose “save type” as *.docx. Type the file name as “MNGT1711-your last name-your student id-Assignment 2” and save. Double click on the saved file and use it to develop your Assignment 2.

Assignment 2 will require you to demonstrate an understanding of the concepts presented in Unit 2. You will submit this assignment as an MS Word report. The title page must include your name, ID, course name, assignment name/number and university name. The report should use Calibri (body) font size 12 and be double-lined spacing. If you use references, create them on a separate page and cite the sources in APA format.

Question 1: 30 marks

Go to the Business Development Bank of Canada (BDC) webpage,  Entrepreneurial Potential Self-Assessment , and answer the questions as openly and honestly as possible. (Alternatively, find the self-assessment questionnaire by going to the Business Development Bank of Canada’s  website  and following this path: Home > Articles and tools > Entrepreneur’s toolkit > Business assessments > Entrepreneurial potential self-assessment.)

The questionnaire includes 50 statements about yourself; remember, your honest opinion counts.

· Based on the survey results, write a summary of the aspects of your personality that will make you a good entrepreneur and those that will hold you back. The summary should be between 275 and 300 words and make reference to the survey questions you are writing about.

Question 2: 25 marks

Go to the  Franchise Direct Canada  website. (Alternatively, you can also find some franchise opportunities in Canada at  BeTheBoss.ca  and  Canadian Business Franchise ).

Choose an industry, a province of Canada, and your investment level for a franchise business, then choose a franchise that would be a good investment opportunity for you.

Put together a brief report (400 to 500 words) that contains the following information about your franchise:

· Read Paige Watts’ (2018) article,  How to Find the Right Franchise Location , then answer these questions: 

· Fees: Initial fees and ongoing periodic fees to be paid to franchisor

· Location you chose and why you chose this location

· Training and ongoing support available

· Marketing assistance and marketing research available

· Competition around your location

· Pros and cons of this franchise business

· Why this is a suitable franchise for you?

Question 3: 20 marks

Search the internet for a recent (within last two years) merger or acquisition. Put together a brief report (300 to 400 words) that contains the following information:

· Mention circumstances and causes of this merger or acquisition

· Name the two or more companies involved

· If merger, was it a vertical or horizontal merger?

· If acquisition, was it a hostile or friendly take-over?

· What reasons were formally gives in the news?

· Are mergers and acquisitions more common in certain industries? Which ones?

Make sure you add citations and references (in APA style) for the information you have researched.

Question 4: 25 marks

Suppose for your next business venture, you are looking for a business partner. Put together a report (400 to 500 words) that contains answers to the following questions:

· What weaknesses in your personality or skill set can be overcome by the skill set of your potential partner? You are required to be mutually dependent to see each other’s value in this partnership.

· What kind of business and life goals your partner should have?

· What rules you would set for an open and honest communication?

· From where are you likely to find your business partner and in what ways you will check their references?

· Is it a good idea to make your life partner as your business partner? What are the pros and cons?

· Is it a good idea to form business partnership with your best friend? What are the pros and cons?