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ETP3701 ASSIGNMENT 4 2024 (Critically analyse how Given Ngwamba's Charcoal exemplifies both entrepreneurial innovation and its potential contribution to a sustainable future in South Africa. Consider the types of innovation involved and how Nzilo Charc £3.56   Add to cart

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ETP3701 ASSIGNMENT 4 2024 (Critically analyse how Given Ngwamba's Charcoal exemplifies both entrepreneurial innovation and its potential contribution to a sustainable future in South Africa. Consider the types of innovation involved and how Nzilo Charc

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Critically analyse how Given Ngwamba's Charcoal exemplifies both entrepreneurial innovation and its potential contribution to a sustainable future in South Africa. Consider the types of innovation involved and how Nzilo Charcoal addresses environmental concerns.

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  • May 3, 2024
  • 19
  • 2023/2024
  • Essay
  • Unknown
  • A+

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0717513144 ETP3701 ASSESS 4 2024


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,0717513144 ETP3701 ASSESS 4 2024


muzavazi47@gmail.com

Table of Contents

Introduction.............................................................................................................................................. 5


Question 1 ............................................................................................................................................... 5


How Nzilo Charcoal represents innovation (2) ................................................................................... 5


Different types of innovation and identity the one that Nzilo charcoal is involved with (10) ............... 6


Product Innovation.......................................................................................................................... 6


Process Innovation ......................................................................................................................... 7


How this innovation contributes to a sustainable future and addresses environmental concerns (8) 7


Reduction of Deforestation ............................................................................................................. 7


Eco-Friendly Product ...................................................................................................................... 7


Community Empowerment ............................................................................................................. 7


Question 2 ............................................................................................................................................... 8


Identifying the Business Opportunity from Agricultural Waste ............................................................ 8


The problem/opportunity Ngwamba identified (5)............................................................................... 9


Creativity (4P's) and role it played in Ngwamba's journey (20) .......................................................... 9


Person .......................................................................................................................................... 10


Process ......................................................................................................................................... 10


Press ............................................................................................................................................ 10


Product ......................................................................................................................................... 11


Question 3 ............................................................................................................................................. 11


How Nzilo Charcoal benefits the local community socially (4) ......................................................... 11

2|Page

, 0717513144 ETP3701 ASSESS 4 2024


muzavazi47@gmail.com

How Nzilo Charcoal benefits the local community economically? (4) .............................................. 12


How the affordability of Nzilo's product makes it accessible to a wider audience (4) ...................... 12


The 8 managerial success factors that Ngwamba needed to consider (8) ...................................... 13


Strategic Vision ............................................................................................................................. 13


Leadership .................................................................................................................................... 13


Human Resource Management ................................................................................................... 13


Financial Management ................................................................................................................. 13


Market Analysis ............................................................................................................................ 14


Operational Efficiency................................................................................................................... 14


Quality Control .............................................................................................................................. 14


Supply Chain Management .......................................................................................................... 14


Community Engagement .............................................................................................................. 14


Sustainability Practices ................................................................................................................ 15


Information Management ............................................................................................................. 15


Question 4 ............................................................................................................................................. 15


Specific challenges faced by Ngwamba entrepreneurs from the case study (5) ............................. 15


Broader challenges faced by entrepreneurs in South Africa (10) ..................................................... 15


Strategies to overcome these challenges (5) ................................................................................... 16


How building resilience can help entrepreneurs navigate challenges (5) ........................................ 16


Conclusion............................................................................................................................................. 17


References ............................................................................................................................................ 18

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