Exam (elaborations)
MNE3701 Assignment 6 Semester 2 2024 - DUE 8 November 2024
- Institution
- University Of South Africa (Unisa)
MNE3701 Assignment 6 Semester 2 2024 - DUE 8 November 2024 COMPLETE ANSWERS
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MNE3701 Assignment 6Semester 2 2024 - DUE 8
November 2024
QUESTIONS WITH ANSWERS
[School]
[Course title]
, MNE3701 Assignment 6 Semester 2 2024 - DUE 8 November 2024
Having acquired sufficient knowledge and skills on entrepreneurship and small business
management, you must demonstrate practical competencies in managing small businesses. You
should also be able to identify deficiency in the small business management practices and be able
to provide recommendations for improvement. Visit one small business in your area with an
estimated annual turnover of R2 million. Have interview with the owner. In your interview ask
him how he manages the human resources and finances of his business. You should also ask him
to what extent he utilises technology to support customer relationship management of his
business. Use the information that you have gathered through the interview and answer the
following questions:
1. Discuss how the owner of the small business you have visited, manages the business’s human
resources. Do you think is there a need for improvement? If yes, provide recommendations for
improvement. (15)
To answer this question, you would need to visit a small business in your area with an estimated
annual turnover of R2 million and conduct an interview with the owner. Below is a general guide
on how to structure your response based on the information you gather during your visit and
interview.
1. Human Resource Management in the Small Business
Start by discussing how the business owner currently manages the human resources (HR) in the
business. You can structure your answer by focusing on the following key aspects:
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