, 1|Page
ETP2601 Assignment 4 Semester 2 2025 (Answer Guide) - Due 10 October 2025
VERIFIED AND CERTIFIED ANSWERS. WRITTEN IN REQUIRED FORMAT AND WITHIN
GIVEN GUIDELINES. IT IS GOOD TO USE AS A GUIDE AND FOR REFERENCE, NEVER
PLAGARIZE. Thank you and success in your academics.
UNISA, 2025
Contents
QUESTION 1: FORMULATION OF VISION AND MISSION STATEMENTS FOR MAHLODI’S
KITCHEN ..................................................................................................................................................... 3
1.1 Definition of Vision Statement ................................................................................................... 3
1.2 Vision Statement for Mahlodi’s Kitchen (2 marks) ............................................................... 3
1.3 Definition of Mission Statement ................................................................................................ 3
1.4 Mission Statements for Mahlodi’s Kitchen (5 marks) .......................................................... 3
1.5 Summary.......................................................................................................................................... 4
QUESTION 2: SUCCESS FACTORS DEMONSTRATED BY MAHLODI ....................................... 5
2.1 Introduction..................................................................................................................................... 5
2.2 Success Factor 1: Passion and Commitment........................................................................ 5
2.3 Success Factor 2: Customer Orientation................................................................................ 5
2.4 Success Factor 3: Innovation and Adaptability .................................................................... 6
2.5 Success Factor 4: Financial Discipline and Resource Management .............................. 6
2.6 Success Factor 5: Networking and Community Engagement ........................................... 6
2.7 Conclusion ...................................................................................................................................... 7
QUESTION 3: ENTREPRENEUR OR SMALL BUSINESS MANAGER? ....................................... 7
3.1 Introduction..................................................................................................................................... 7
3.2 Theoretical Distinction Between Entrepreneur and Small Business Manager ............. 7
3.3 Application to Mahlodi’s Kitchen .............................................................................................. 8
3.4 Justification and Evaluation ....................................................................................................... 8
3.5 Conclusion ...................................................................................................................................... 9
QUESTION 4: INNOVATION IN MAHLODI’S BUSINESS ................................................................. 9
4.1 Introduction..................................................................................................................................... 9
4.2 Definition and Theoretical Perspective on Innovation ........................................................ 9
4.3 Innovative Practices Demonstrated by Mahlodi ................................................................... 9
4.4 Justification and Impact of Innovation on Business Success ........................................ 10
ETP2601 Assignment 4 Semester 2 2025 (Answer Guide) - Due 10 October 2025
VERIFIED AND CERTIFIED ANSWERS. WRITTEN IN REQUIRED FORMAT AND WITHIN
GIVEN GUIDELINES. IT IS GOOD TO USE AS A GUIDE AND FOR REFERENCE, NEVER
PLAGARIZE. Thank you and success in your academics.
UNISA, 2025
Contents
QUESTION 1: FORMULATION OF VISION AND MISSION STATEMENTS FOR MAHLODI’S
KITCHEN ..................................................................................................................................................... 3
1.1 Definition of Vision Statement ................................................................................................... 3
1.2 Vision Statement for Mahlodi’s Kitchen (2 marks) ............................................................... 3
1.3 Definition of Mission Statement ................................................................................................ 3
1.4 Mission Statements for Mahlodi’s Kitchen (5 marks) .......................................................... 3
1.5 Summary.......................................................................................................................................... 4
QUESTION 2: SUCCESS FACTORS DEMONSTRATED BY MAHLODI ....................................... 5
2.1 Introduction..................................................................................................................................... 5
2.2 Success Factor 1: Passion and Commitment........................................................................ 5
2.3 Success Factor 2: Customer Orientation................................................................................ 5
2.4 Success Factor 3: Innovation and Adaptability .................................................................... 6
2.5 Success Factor 4: Financial Discipline and Resource Management .............................. 6
2.6 Success Factor 5: Networking and Community Engagement ........................................... 6
2.7 Conclusion ...................................................................................................................................... 7
QUESTION 3: ENTREPRENEUR OR SMALL BUSINESS MANAGER? ....................................... 7
3.1 Introduction..................................................................................................................................... 7
3.2 Theoretical Distinction Between Entrepreneur and Small Business Manager ............. 7
3.3 Application to Mahlodi’s Kitchen .............................................................................................. 8
3.4 Justification and Evaluation ....................................................................................................... 8
3.5 Conclusion ...................................................................................................................................... 9
QUESTION 4: INNOVATION IN MAHLODI’S BUSINESS ................................................................. 9
4.1 Introduction..................................................................................................................................... 9
4.2 Definition and Theoretical Perspective on Innovation ........................................................ 9
4.3 Innovative Practices Demonstrated by Mahlodi ................................................................... 9
4.4 Justification and Impact of Innovation on Business Success ........................................ 10
