Welcome! Check out our free B-School Guides to learn how you compare with other applicants.
Login or Register
 

Please rate my AWA- Issue

This topic has 0 member replies
Please rate my AWA- Issue Post Sun Jun 24, 2007 1:39 pm
Elapsed Time: 00:00
  • Lap #[LAPCOUNT] ([LAPTIME])
    Hi,
    I need help in the review of AWA - Issue that i have written. Can anybody help me in this regard. Any help will be appreciated.

    "Experience is the stepping-stone to success in most business venture".

    Success in Business ventures doesn't require experience. The ingredients for success in business are Business Acumen, Leadership qualities, management skills, basics of business world and capital management. These things are never gained by experience; rather these are qualities in a person. These qualities are refined by experience. People without experience can polish their business skills by taking up such jobs before starting the business venture. Business World is replete with such examples of successful businessmen who didn't have prior experience. Infosys is the today among the top IT companies in India. It was started by people who didn't have any business experience when they started the company in 1981. However by systematic planning, application of proper business acumen, identifying opportunities, the company has grown. Business is never a single man's work. Companies are always formed and run by a team or board of directors. Board of Directors generally have advisors who have in-depth knowledge of industry. With proper guidance of these advisors, board of directors can run and manage the company very well.
    An experience in business enables a person to understand the industry dynamics and provide direction to the company. Experience also provides enough industry information and friends that are useful in business. However these are not the essential things for the success of an enterprise. In a business world marked by competition, commonly followed business practices and secrets are known across the industry. Knowledge and secrets in an industry can be guile e.g. a Business Manager in a successful company can be recruited by another company by providing more money to get some trade secrets.
    Thus there can be a successful business venture without experience.

    Need free GMAT or MBA advice from an expert? Register for Beat The GMAT now and post your question in these forums!

    Best Conversation Starters

    1 varun289 38 topics
    2 killerdrummer 22 topics
    3 sana.noor 20 topics
    4 sanaa.rizwan 14 topics
    5 guerrero 14 topics
    See More Top Beat The GMAT Members...

    Most Active Experts

    1 image description Brent@GMATPrepNow

    GMAT Prep Now Teacher

    204 posts
    2 image description GMATGuruNY

    The Princeton Review Teacher

    136 posts
    3 image description Jim@StratusPrep

    Stratus Prep

    100 posts
    4 image description Anju@Gurome

    Gurome

    74 posts
    5 image description Jon@Admissionado

    Admissionado

    51 posts
    See More Top Beat The GMAT Experts