BSM1602
ASSIGNMENT 1 SEMESTER 1 & 2 2021
UNIQUE NUMBER: NOT APPLICABLE
1 3 Reference: Textbook p 6
(a) Is INCORRECT: Not all entrepreneurs know how to
manage a business and they frequently fail at a later stage
due to their inability to adapt to the changing needs of the
business.
(b) Is CORRECT: The need for a more managerial style
becomes important when the business has grown and is no
longer a micro- or very small business.
(c) Is INCORRECT: there is no evidence that a manager will
perform better in a business established by the original
entrepreneur.
(d) Is CORRECT: The continued success of an
entrepreneurial business is determined by the ability of the
entrepreneur to manage and lead the business through
different stages of its development.
ASSIGNMENT 1 SEMESTER 1 & 2 2021
UNIQUE NUMBER: NOT APPLICABLE
1 3 Reference: Textbook p 6
(a) Is INCORRECT: Not all entrepreneurs know how to
manage a business and they frequently fail at a later stage
due to their inability to adapt to the changing needs of the
business.
(b) Is CORRECT: The need for a more managerial style
becomes important when the business has grown and is no
longer a micro- or very small business.
(c) Is INCORRECT: there is no evidence that a manager will
perform better in a business established by the original
entrepreneur.
(d) Is CORRECT: The continued success of an
entrepreneurial business is determined by the ability of the
entrepreneur to manage and lead the business through
different stages of its development.
