[Date]
MNE3701 Assignment
6 Semester 2 2024 -
DUE 8 November 2024
QUESTIONS WITH ANSWERS
, MNE3701 Assignment 6 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)
1. Understanding the Current HR Management
Start by outlining how the small business owner currently manages their human
resources. You can touch on the following areas:
• Recruitment and Hiring Practices: How does the owner find and select
employees? Do they rely on referrals, advertising, or recruitment agencies?
For example, the owner might use word-of-mouth to hire employees, or they
could advertise on local platforms.
• Training and Development: Does the owner invest in employee training?
Are there opportunities for staff to develop their skills and advance in their
MNE3701 Assignment
6 Semester 2 2024 -
DUE 8 November 2024
QUESTIONS WITH ANSWERS
, MNE3701 Assignment 6 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)
1. Understanding the Current HR Management
Start by outlining how the small business owner currently manages their human
resources. You can touch on the following areas:
• Recruitment and Hiring Practices: How does the owner find and select
employees? Do they rely on referrals, advertising, or recruitment agencies?
For example, the owner might use word-of-mouth to hire employees, or they
could advertise on local platforms.
• Training and Development: Does the owner invest in employee training?
Are there opportunities for staff to develop their skills and advance in their
