ETP3701 ASSESSMENT 4 SEMESTER 1 2024 Critically analyse how Given Ngwamba's Charcoal exemplifies both entrepreneurial innovation and its potential contribution to a sustainable future in South Africa. Consider the types of innovation involved and how

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BMZ ACADEMY

@061 262 1185/068 053 8213/0717 513 144




BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144

, BMZ ACADEMY

Table of Contents

Introduction.............................................................................................................................................. 4


Question 1 ............................................................................................................................................... 4


How Nzilo Charcoal represents innovation (2) ................................................................................... 4


Different types of innovation and identity the one that Nzilo charcoal is involved with (10) ............... 5


Product Innovation.......................................................................................................................... 5


Process Innovation ......................................................................................................................... 6


How this innovation contributes to a sustainable future and addresses environmental concerns (8) 6


Reduction of Deforestation ............................................................................................................. 6


Eco-Friendly Product ...................................................................................................................... 6


Community Empowerment ............................................................................................................. 6


Question 2 ............................................................................................................................................... 7


Identifying the Business Opportunity from Agricultural Waste ............................................................ 7


The problem/opportunity Ngwamba identified (5)............................................................................... 8


Creativity (4P's) and role it played in Ngwamba's journey (20) .......................................................... 8


Person ............................................................................................................................................ 9


Process ........................................................................................................................................... 9


Press .............................................................................................................................................. 9


Product ........................................................................................................................................... 9


Question 3 ............................................................................................................................................. 10


How Nzilo Charcoal benefits the local community socially (4) ......................................................... 10


How Nzilo Charcoal benefits the local community economically? (4) .............................................. 10


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How the affordability of Nzilo's product makes it accessible to a wider audience (4) ...................... 11


The 8 managerial success factors that Ngwamba needed to consider (8) ...................................... 11


Strategic Vision ............................................................................................................................. 12


Leadership .................................................................................................................................... 12


Human Resource Management ................................................................................................... 12


Financial Management ................................................................................................................. 12


Market Analysis ............................................................................................................................ 12


Operational Efficiency................................................................................................................... 13


Quality Control .............................................................................................................................. 13


Supply Chain Management .......................................................................................................... 13


Community Engagement .............................................................................................................. 13


Sustainability Practices ................................................................................................................ 13


Information Management ............................................................................................................. 13


Question 4 ............................................................................................................................................. 14


Specific challenges faced by Ngwamba entrepreneurs from the case study (5) ............................. 14


Broader challenges faced by entrepreneurs in South Africa (10) ..................................................... 14


Strategies to overcome these challenges (5) ................................................................................... 14


How building resilience can help entrepreneurs navigate challenges (5) ........................................ 15


Conclusion............................................................................................................................................. 16


References ............................................................................................................................................ 17




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