Exam (elaborations)
MNE2601 ASSIGNMENT3 DUE 31 AUGUST 2023
- Course
- BUSINESS MANAGEMENT (MNE260)
- Institution
- University Of South Africa (Unisa)
MNE2601 ASSIGNMENT3 DUE 31 AUGUST 2023
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, MNE2601 Assessment 03 DUE 31 AUGUST 20231. In your own words, give a definition of a family business .
A family business is a company that is owned and operated by members of the
same family.
2. What kind of business is KBH? Why? Support your answer with an
example from the case study. (2)
KBH is a diversified investment holding company. This can be seen from the fact
that KBH has four major areas of investment interests: Coca-Cola Bottling and
Distribution, Defence, Security and Projection Systems, Financial Services, and
Motor Dealerships. This shows that KBH has investments in various industries,
indicating a diversified portfolio.
3. Discuss four (4) roles of the family in the business in an emerging economy.
For each role give an excerpt from the case study in support of your answer.(8
1) Providing a stable and nurturing environment: The family in the case study,
particularly Keith's grandparents and parents, provided a stable and nurturing
environment for him and his brothers. This environment allowed Keith to
develop a strong foundation and pursue his entrepreneurial interests. "His
parents, who were both teachers, understood the importance of education and
Keith was sent to a tough Catholic boarding school in Vryheid in KwaZulu-
Natal."
2) Transfer of knowledge and skills: The family played a role in transferring
knowledge and skills to Keith. His grandfather advised him to save his money in
a moneybox, teaching him the importance of saving. This advice likely
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