100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MNE3701 Assignment 6 (ANSWERS) Semester 2 2024 - DUE 8 November 2024 Course Entrepreneurship and Small Business Management (MNE3701) R46,44   Add to cart

Exam (elaborations)

MNE3701 Assignment 6 (ANSWERS) Semester 2 2024 - DUE 8 November 2024 Course Entrepreneurship and Small Business Management (MNE3701)

 6 views  0 purchase

MNE3701 Assignment 6 (ANSWERS) Semester 2 2024 - DUE 8 November 2024 Course Entrepreneurship and Small Business Management (MNE3701)

Preview 2 out of 8  pages

  • October 27, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (200)
avatar-seller
masterstudy
W MNE3701
5
el
tip
Assignment 6 (ANSWERS)

Semester 2 2024 - DUE 8

November 2024

, MNE3701 Assignment 6 (ANSWERS) 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 deficiencies 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 an 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 utilizes technology to support customer relationship management in 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 there is a need for improvement? If yes, provide
recommendations for improvement. (15) 2.

Discuss how the owner of the small business you have visited manages the business’s finances.
Do you think there is a need for improvement? If yes, provide recommendations for
improvement. (15)




1. Human Resource Management

Current Management Practices
The owner of Java Haven mentioned that they manage human resources primarily through
informal methods. They hire staff based on referrals, often relying on personal connections
within the community. Training is conducted on-the-job, and they provide staff with flexibility in
scheduling. However, there is no formal HR policy or employee handbook.


Assessment of Practices

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller masterstudy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R46,44. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66579 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R46,44
  • (0)
  Buy now