[TYPE THE COMPANY NAME]
Exam (elaborations)
ETP3702 Assignment 6
(COMPLETE
ANSWERS) Semester 1
2024 - DUE 28 May 2024
Course
Entrepreneurship IIIB (ETP3702)
[Type the document subtitle]
tabbymwesh59@gmail.com
[Year]
[Type the company address]
, Exam (elaborations)
ETP3702 Assignment 6 (COMPLETE ANSWERS)
Semester 1 2024 - DUE 28 May 2024
Course
Entrepreneurship IIIB (ETP3702)
Institution
University Of South Africa (Unisa)
Book
Entrepreneurship
ETP3702 Assignment 6 (COMPLETE ANSWERS) Semester 1 2024 - DUE 28
May 2024 ;100% TRUSTED workings, explanations and solutions. ...........
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
