MNE3701 Assignment 6 Semester 2 2024 | Due 8 November 2024

Description

MNE3701 Assignment 6 Semester 2 2024 | Due 8 November 2024. Having acquired sufficient knowledge and skills on entrepreneurship and small business management, you must demonstrate practical competencies in managing small businesses. You should also be able to identify deficiency in the small business management practices and be able to provide recommendations for improvement.
Visit one small business in your area with an estimated annual turnover of R2 million. Have interview with the owner. In your interview ask him how he manages the human resources and finances of his business. You should also ask him to what extent he utilises technology to support customer relationship management of his business.
Use the information that you have gathered through the interview and answer the following questions:
1.
Discuss how the owner of the small business you have visited, manages the business’s human resources. Do you think is there a need for improvement? If yes, provide recommendations for improvement. (15)
2.
Discuss how the owner of the small business you have visited, manages the business’s finances. Do you think is there a need for improvement? If yes, provide recommendations for improvement. (15)
3.
Discuss to what extent does the small business you visited use technology to support customer relationship management. Do you think is there a need for improvement? If yes, provide recommendations for improvement. (10)
4.
Evaluate the leadership styles of the owner of the small business you have visited, and determine whether his leadership style is appropriate or not. If not, indicate how you would advise him to change his leadership style. (10)
TOTAL MARKS FOR ASSIGNMENT 6 [50]