Nguyen Minh Anh has been working as a manager in an event management company for the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Nguyen Minh Anh has been working as a manager in an event management company for the last twenty years. This was her first job after she stopped schooling. She is very resourceful, hardworking and reliable when dealing with her clients. Many of her clients are very happy with her work; and have recommended others. However, Nguyen Minh Anh feels it is time to move on; and venture into something that she is very passionate about - gardening. She dreams to set up a nursery selling all types of potted plants, trees, medicinal herbs and so on. On the other hand, her husband thinks they should jointly start their own event management company. He has an investor who is willing to invest in this company due to her extensive experience in this industry. Based on the case study above, answer the following questions: (i) If Nguyen Minh Anh consults you with both options and seeks your advice, state and explain any SIX (6) factors she must consider before making a decision. (500 words) (ii) Assuming she and her husband decide to set up an event management company, what should they do next? Discuss. (500 words) (iii) Discuss any incentives or entrepreneurial development programs provided by the Vietnamese government for individuals that want to start their own businesses, and compare them with another country of your choice. If there are none, discuss the type of incentives that should be provided by the government to enhance entrepreneurship. (1000 words) (iv) State and explain any THREE (3) challenges Nguyen Minh Anh will face if she opts to set up a nursery selling plants. (300 words) Nguyen Minh Anh has been working as a manager in an event management company for the last twenty years. This was her first job after she stopped schooling. She is very resourceful, hardworking and reliable when dealing with her clients. Many of her clients are very happy with her work; and have recommended others. However, Nguyen Minh Anh feels it is time to move on; and venture into something that she is very passionate about - gardening. She dreams to set up a nursery selling all types of potted plants, trees, medicinal herbs and so on. On the other hand, her husband thinks they should jointly start their own event management company. He has an investor who is willing to invest in this company due to her extensive experience in this industry. Based on the case study above, answer the following questions: (i) If Nguyen Minh Anh consults you with both options and seeks your advice, state and explain any SIX (6) factors she must consider before making a decision. (500 words) (ii) Assuming she and her husband decide to set up an event management company, what should they do next? Discuss. (500 words) (iii) Discuss any incentives or entrepreneurial development programs provided by the Vietnamese government for individuals that want to start their own businesses, and compare them with another country of your choice. If there are none, discuss the type of incentives that should be provided by the government to enhance entrepreneurship. (1000 words) (iv) State and explain any THREE (3) challenges Nguyen Minh Anh will face if she opts to set up a nursery selling plants. (300 words)
Expert Answer:
Answer rating: 100% (QA)
i If Nguyen Minh Anh consults you with both options and seeks your advice you should first ask her about her longterm goals and priorities It is important to understand what is most important to her w... View the full answer
Related Book For
Federal Tax Research
ISBN: 9781285439396
10th Edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
Posted Date:
Students also viewed these organizational behavior questions
-
Your friend, Manuel Rodriguez, has been working as a staff accountant for Williams Company, a small local manufacturing company. His job responsibilities to date have entailed several aspects of...
-
David Anderson has been working as a lecturer at Michigan State University for the last three years. He teaches two large sections of introductory accounting every semester. While he uses the same...
-
As a manager in charge of information processing for a fast-growing company, you realize that your current computer will only serve your needs for the next six years. At that time, you will replace...
-
Please answer the following e-commerce problem in at least 350 words (I encourage you to write more to fully respond to the prompt). This assignment will be graded. Electronic Commerce Problem: Erin...
-
On May 1, 2009, Tennessee Corporation paid $12,000 cash in advance for a one-year lease on an office building. Assume that Tennessee records the prepaid rent and that the books are closed on December...
-
You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan to keep the machine for four years, what must the market (resale) value...
-
Explain what modulo 12 means.
-
The registrar at State University believes that decreases in the number of freshman applications that have been experienced are directly related to tuition increases. They have collected the...
-
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 9?% annual dividend and a $ 100 par value and was sold at ?$103.00 per share. In? addition, flotation cost...
-
Warf Computers, Inc., was founded 15 years ago by Nick Warf, a computer programmer. The small initial investment to start the company was made by Nick and his friends. Over the years, this same group...
-
Alvin, a graduate student, age 26, owned a gold and silver belt that was given to his grandfather when he was welterweight champion of the world The belt was worth about $500, but had great...
-
1. Because most developers are not clinicians and most clinicians are no. developers, what measures are necessary to ensure the development of an effective healthcare information system? 5. In what...
-
Fast food breakfast sales slumped early in the COVID-19 crisis as work commutes halted and breakfasts were eaten at home. McDonald's, Starbucks, Panera, and Dunkin' are still struggling to win back...
-
Nursing homes are becoming more and more in demand because of the large segment of the population which is aging and dependent.Do you think there are enough suitable facilities for this demographic?
-
Offering a bribe is wrong because it is an inducement to act dishonestly, to disregardone's duties and to betray a trust. SuggestFIVE (5)effective solutions to overcome the problem of offering bribe...
-
Offering a bribe is wrong because it is an inducement to act dishonestly, to disregardone's duties and to betray a trust. Explain what are the various causes of bribery with relevant examples.
-
Using the dataset below. You are required to estimate the proportion of stay-at-home residents in Arkansas differ significantly from the mean proportion for all states (57.7%). Use = 0.05. What is...
-
What is the difference between direct materials and indirect materials?
-
Respond to the following client comment: We have a better than even chance of winning in the Tax Court, according to an article I read. Lets sue the government!
-
Why would a practitioner need a tax service when most primary tax sources are available for free on the Internet?
-
Find the Supreme Court case involving Corn Products Refining Company (not the one in which rehearing was denied). a. What is the citation for the case? b. How many Supreme Court cases cite the Corn...
-
\(-6,-3,10,1,4\) Plot the integers on the same number line.
-
\(-3,-10,7,2\) Plot the integers on the same number line.
-
Identify all integers in the following list: \(-9.2,13,-1, \sqrt{47}, \frac{\sqrt{3}}{2}, 567,-300\).
Study smarter with the SolutionInn App