ETP3702 Assignment
6 (COMPLETE
ANSWERS) Semester 1
2024 - DUE 28 May
2024 ;100% TRUSTED
workings,
explanations and
solutions.
ADMIN
[COMPANY NAME]
, A family business is an organisation that in which either the individuals who
established or acquired the firm or their descendants significantly influence
the strategic decisions and life course of the firm. The chief reason why family
businesses fail is lack of a written succession plan (Tatoglu, Kula & Glaister,
2008). Furthermore, only 30 per cent of family businesses are successful in
the second generation (Nieman & Niewenhuizen, 2009:221). Failure in
succession represents a crucial problem, not only to family enterprises and
their employees, but also to the prosperity of the South African economy. With
the above in mind, you are required to choose a registered small family-
owned business that has employees within your community. Your objective for
this assignment is to interview the owner and get an understanding as to why
they do not have a written succession plan/ or the process followed to develop
one. Upon successful completion of this assignment, the interviewed
entrepreneur/ owner should know the stages in succession planning; the
importance of a written succession plan, and how to go about writing a
succession plan. Assignment instructions This assignment should be
presented in the form of a well-structured report, which in totality should not
exceed eight pages (typed). The acceptable line spacing for this assignment
is 1.5. The font size for the assignment body must be 12pt Arial. The
assignment should be based on the theoretical foundation you have learnt
from the ETP3702 study material, information from the identified family-owned
business/owner, as well as other reputable academic journals. Attach a copy
of a business card and/or contact details of a person that you have
interviewed, as well as the date and place where the interview took place.
Where an e-mail was used, provide evidence. ENTREPRENEURSHIP IIIB
(ETP3702) LECTURER: DR RM KHOSA ASSIGNMENT 6 MARKS 70 DUE
DATE: 28 MAY 2024 The interview Advice the entrepreneur/owner before you
begin with the interview that participation in your study is completely voluntary.
If there are any other questions that they prefer not to answer, they have a
right to do so. All the information that they will provide through their
participation in your study will be kept confidential by you and the Lecturer.
Use the following as a guideline to structure your assignment. 1. Executive
summary. This should also include the demystification of a written succession
plan and its significance. (5) 2. Provide a background of the chosen enterprise
including its founding, the type of business (industry), owners and ownership
structure, structural form, locations, expansion (both in terms of facilities/
locations and products/ markets), hours of operation, number of staff
