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ETP3702
Assignment 6
Semester 1 2024 -
DUE 28 May 2024
QUESTIONS WITH DETAILED ANSWERS
, ETP3702 Assignment 6 Semester 1 2024 - DUE 28 May
2024
A family business is an organisation that in which either the individuals who
established or acquired the firm or their descendants significantly influence
the strategic decisions and life course of the firm. The chief reason why family
businesses fail is lack of a written succession plan (Tatoglu, Kula & Glaister,
2008). Furthermore, only 30 per cent of family businesses are successful in the
second generation (Nieman & Niewenhuizen, 2009:221). Failure in succession
represents a crucial problem, not only to family enterprises and their
employees, but also to the prosperity of the South African economy. With the
above in mind, you are required to choose a registered small family-owned
business that has employees within your community. Your objective for this
assignment is to interview the owner and get an understanding as to why they
do not have a written succession plan/ or the process followed to develop one.
Upon successful completion of this assignment, the interviewed entrepreneur/
owner should know the stages in succession planning; the importance of a
written succession plan, and how to go about writing a succession plan.
Assignment instructions This assignment should be presented in the form of a
well-structured report, which in totality should not exceed eight pages (typed).
The acceptable line spacing for this assignment is 1.5. The font size for the
assignment body must be 12pt Arial. The assignment should be based on the
theoretical foundation you have learnt from the ETP3702 study material,
information from the identified family-owned business/owner, as well as other
reputable academic journals. Attach a copy of a business card and/or contact
details of a person that you have interviewed, as well as the date and place
where the interview took place. Where an e-mail was used, provide evidence.
ENTREPRENEURSHIP IIIB (ETP3702) LECTURER: DR RM KHOSA
ASSIGNMENT 6 MARKS 70 DUE DATE: 28 MAY 2024 The interview
Advice the entrepreneur/owner before you begin with the interview that
participation in your study is completely voluntary. If there are any other
questions that they prefer not to answer, they have a right to do so. All the
information that they will provide through their participation in your study
will be kept confidential by you and the Lecturer. Use the following as a
guideline to structure your assignment.
ETP3702
Assignment 6
Semester 1 2024 -
DUE 28 May 2024
QUESTIONS WITH DETAILED ANSWERS
, ETP3702 Assignment 6 Semester 1 2024 - DUE 28 May
2024
A family business is an organisation that in which either the individuals who
established or acquired the firm or their descendants significantly influence
the strategic decisions and life course of the firm. The chief reason why family
businesses fail is lack of a written succession plan (Tatoglu, Kula & Glaister,
2008). Furthermore, only 30 per cent of family businesses are successful in the
second generation (Nieman & Niewenhuizen, 2009:221). Failure in succession
represents a crucial problem, not only to family enterprises and their
employees, but also to the prosperity of the South African economy. With the
above in mind, you are required to choose a registered small family-owned
business that has employees within your community. Your objective for this
assignment is to interview the owner and get an understanding as to why they
do not have a written succession plan/ or the process followed to develop one.
Upon successful completion of this assignment, the interviewed entrepreneur/
owner should know the stages in succession planning; the importance of a
written succession plan, and how to go about writing a succession plan.
Assignment instructions This assignment should be presented in the form of a
well-structured report, which in totality should not exceed eight pages (typed).
The acceptable line spacing for this assignment is 1.5. The font size for the
assignment body must be 12pt Arial. The assignment should be based on the
theoretical foundation you have learnt from the ETP3702 study material,
information from the identified family-owned business/owner, as well as other
reputable academic journals. Attach a copy of a business card and/or contact
details of a person that you have interviewed, as well as the date and place
where the interview took place. Where an e-mail was used, provide evidence.
ENTREPRENEURSHIP IIIB (ETP3702) LECTURER: DR RM KHOSA
ASSIGNMENT 6 MARKS 70 DUE DATE: 28 MAY 2024 The interview
Advice the entrepreneur/owner before you begin with the interview that
participation in your study is completely voluntary. If there are any other
questions that they prefer not to answer, they have a right to do so. All the
information that they will provide through their participation in your study
will be kept confidential by you and the Lecturer. Use the following as a
guideline to structure your assignment.
