Question

Elaborate and Discuss;

1. The different between Conventional Entrepreneurship vs Digital Entrepreneurship.

2. Business organization types available for entrepreneur in Malaysia

Answer 1

Answer 1. Difference betweenConventional Entrepreneurship vs Digital Entrepreneurship.

• Digital entrepreneurship have less over head cost because they do not have much physical sites. Conventional entrepreneurship has high overhead costs.
• Digital entrepreneurship deals with online medium of exchange of goods and services, conventional entrepreneurship deals with direct contact with customs to exchange goods and services.
• Digital entrepreneurship focus on building attract website, conventional entrepreneurship focus on building attractive physical outlets.

Answer2. Types of business organisation available in Malaysia:

• Sole proprietorship: this type of business is owned by a single individual and his liability is unlimited.
• Partnership: there are more than one partners in this businesses. All the partners have unlimited liability.
• Limited liability partnership: this type is business is seperate from its partners. It has a separate legal identity in the law.
• Private limited company: the company in this type of organisation is considered as a legal person. Investors in this type of company is only responsible for the amount they have invested in the company.
• Public limited company: it's is governed by the Government of the country and is similar to private limited company. It should have minimum of 2 members and there is no limit for maximum number of members.