MNE3701 Assignment 6
(COMPLETE ANSWERS)
Semester 2 2024 - DUE 8
November 2024
CONTACT:
, MNE3701 Assignment 6 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 8 November 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)
To discuss how the small business owner manages human resources, you can structure your
response based on the following areas:
1. Overview of Current HR Practices
Summarize the key points from the interview about how the owner handles recruitment,
training, employee motivation, performance management, and conflict resolution.
o Example: "The owner recruits through referrals and local job boards, offers
minimal on-the-job training, and motivates staff primarily through bonuses and
recognition."
2. Analysis of Strengths and Weaknesses
Highlight what is working well (e.g., strong team spirit, good retention).
(COMPLETE ANSWERS)
Semester 2 2024 - DUE 8
November 2024
CONTACT:
, MNE3701 Assignment 6 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 8 November 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)
To discuss how the small business owner manages human resources, you can structure your
response based on the following areas:
1. Overview of Current HR Practices
Summarize the key points from the interview about how the owner handles recruitment,
training, employee motivation, performance management, and conflict resolution.
o Example: "The owner recruits through referrals and local job boards, offers
minimal on-the-job training, and motivates staff primarily through bonuses and
recognition."
2. Analysis of Strengths and Weaknesses
Highlight what is working well (e.g., strong team spirit, good retention).
