OTE2601 Assignment 2 2025 – Die 15 June 2025

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OTE2601 Assignment 2 2025 – Die 15 June 2025

QUESTION 1

A famous South African entrepreneur like Patrice Motsepe can mentor young entrepreneurs in running a business. Discuss the reasons why most businesses fail.

1. Incompetent Management
Many entrepreneurs have great business ideas but lack managerial skills. Poor decisionmaking, inadequate planning, poor location choices, weak staff management, and the absence of a marketing strategy are signs of weak management. Without solid leadership,
the business struggles to grow or even survive.

2. Lack of Experience
Transitioning from being an employee …………..