ETP2601 Assignment 4 Semester 2 2025 (Answer Guide) - Due 10 October 2025

ETP2601 Assignment 4 Semester 2 2025 (Answer Guide) - Due 10 October 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 4.5 Conclusion 11 REFERENCES 11