MNE3701 Assignment 6
(FULL ANSWERS)
Semester 2, 2024 - DUE
DATE: November 8, 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)
To address your questions based on a hypothetical visit to a small business owner, I’ll
outline a detailed response as if I had conducted an interview with them. Let’s say I
visited a local café named “Java Haven,” which has an estimated annual turnover of R2
million.
1. Human Resource Management
Current Management Practices
The owner of Java Haven has indicated that human resources are managed
(FULL ANSWERS)
Semester 2, 2024 - DUE
DATE: November 8, 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)
To address your questions based on a hypothetical visit to a small business owner, I’ll
outline a detailed response as if I had conducted an interview with them. Let’s say I
visited a local café named “Java Haven,” which has an estimated annual turnover of R2
million.
1. Human Resource Management
Current Management Practices
The owner of Java Haven has indicated that human resources are managed
