MNE3701 Assignment 6
(FINAL RESPONSES)
Semester 2, 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)
(FINAL RESPONSES)
Semester 2, 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)
