Summary
Summary MNE2601 Marked 100% Assignment 06
- Course
- Institution
MNE2601 Marked 100% Assignment 06
[Show more]
Seller
Follow
fezekambatha98
Content preview
Fezeka kHULaNI MbatHaMNe2601
assIgNMeNt 06
Year 2023
seMester 02
, 1. Discuss a concept statement and use an example from the case study for each point in
your discussion.
• A concept statement is a concise and clear explanation of an idea or concept. It helps
to define and communicate the core concept or principle behind a particular topic. In
the case study, there are several concept statements that can be discussed.
• One concept statement is the importance of innovation in driving business growth.
The case study highlights how PlusFab, a 3D printing company, continuously
innovates its products and services to meet customer needs. For example, PlusFab
developed a unique 3D printing technology that allows them to produce complex
and customized products at a faster rate than their competitors. This innovation has
helped PlusFab gain a competitive advantage in the market and attract more
customers.
• Another concept statement is the significance of sustainability in business
operations. The case study mentions how PlusFab incorporates sustainable practices
in its manufacturing processes. For instance, they use eco-friendly materials and
minimize waste by recycling unused materials. This commitment to sustainability not
only aligns with PlusFab's values but also appeals to environmentally conscious
customers, giving them a competitive edge.
• Overall, the case study demonstrates the importance of innovation and sustainability
as concept statements in driving business success.
2. Describe the type of industry that PlusFab is operating in.
• PlusFab operates in the fashion industry, specifically catering to the plus-size market.
The fashion industry encompasses the design, production, marketing, and sale of
clothing and accessories. PlusFab focuses on providing clothing for plus-size women,
targeting a specific segment within the fashion industry.
3. Discuss the challenges that Tema is facing as a businesswoman in an emerging economy.
As a businesswoman in an emerging economy, Tema may face several challenges, including:
• Limited access to capital: Accessing funding and investment opportunities can be
challenging in emerging economies, making it difficult to finance business operations
and growth.
• Infrastructure limitations: Emerging economies may have inadequate infrastructure,
such as transportation and logistics networks, which can hinder the efficient
movement of goods and services.
• Regulatory and bureaucratic hurdles: Navigating complex regulations and
bureaucratic processes can be time-consuming and costly, affecting business
operations and expansion plans.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller fezekambatha98. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.38. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now