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ETP3701 ASSIGNMENT 4 2024 (Critically analyse how Given Ngwamba's Charcoal exemplifies both entrepreneurial innovation and its potential contribution to a sustainable future in South Africa. Consider the types of innovation involved and how Nzilo Charc €4,37   In winkelwagen
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Voorbeeld
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. ENTREPRENEURSHIP 3A (ETP3701)

Essay

ETP3701 ASSIGNMENT 4 2024 (Critically analyse how Given Ngwamba's Charcoal exemplifies both entrepreneurial innovation and its potential contribution to a sustainable future in South Africa. Consider the types of innovation involved and how Nzilo Charc

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  • Vak
  • ENTREPRENEURSHIP 3A (ETP3701)
  • Instelling
  • University Of South Africa (Unisa)

Critically analyse how Given Ngwamba's Charcoal exemplifies both entrepreneurial innovation and its potential contribution to a sustainable future in South Africa. Consider the types of innovation involved and how Nzilo Charcoal addresses environmental concerns.

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Document informatie

  • 3 mei 2024
  • 19
  • 2023/2024
  • Essay
  • Onbekend
  • A+

Onderwerpen

  • etp3701 assignment 4 2024

Geschreven voor

  • University of South Africa (Unisa)
  • ENTREPRENEURSHIP 3A (ETP3701)
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0717513144 ETP3701 ASSESS 4 2024


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DISCLAIMER

The ETP3701 assignment 4 2024 is a guide that help students to answer their 4th
assessment. Therefore, students can use as the document contains different
pools of questions. Those who need further assistance may contact the given
details:

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,0717513144 ETP3701 ASSESS 4 2024


muzavazi47@gmail.com

Table of Contents

Introduction.............................................................................................................................................. 5


Question 1 ............................................................................................................................................... 5


How Nzilo Charcoal represents innovation (2) ................................................................................... 5


Different types of innovation and identity the one that Nzilo charcoal is involved with (10) ............... 6


Product Innovation.......................................................................................................................... 6


Process Innovation ......................................................................................................................... 7


How this innovation contributes to a sustainable future and addresses environmental concerns (8) 7


Reduction of Deforestation ............................................................................................................. 7


Eco-Friendly Product ...................................................................................................................... 7


Community Empowerment ............................................................................................................. 7


Question 2 ............................................................................................................................................... 8


Identifying the Business Opportunity from Agricultural Waste ............................................................ 8


The problem/opportunity Ngwamba identified (5)............................................................................... 9


Creativity (4P's) and role it played in Ngwamba's journey (20) .......................................................... 9


Person .......................................................................................................................................... 10


Process ......................................................................................................................................... 10


Press ............................................................................................................................................ 10


Product ......................................................................................................................................... 11


Question 3 ............................................................................................................................................. 11


How Nzilo Charcoal benefits the local community socially (4) ......................................................... 11

2|Page

, 0717513144 ETP3701 ASSESS 4 2024


muzavazi47@gmail.com

How Nzilo Charcoal benefits the local community economically? (4) .............................................. 12


How the affordability of Nzilo's product makes it accessible to a wider audience (4) ...................... 12


The 8 managerial success factors that Ngwamba needed to consider (8) ...................................... 13


Strategic Vision ............................................................................................................................. 13


Leadership .................................................................................................................................... 13


Human Resource Management ................................................................................................... 13


Financial Management ................................................................................................................. 13


Market Analysis ............................................................................................................................ 14


Operational Efficiency................................................................................................................... 14


Quality Control .............................................................................................................................. 14


Supply Chain Management .......................................................................................................... 14


Community Engagement .............................................................................................................. 14


Sustainability Practices ................................................................................................................ 15


Information Management ............................................................................................................. 15


Question 4 ............................................................................................................................................. 15


Specific challenges faced by Ngwamba entrepreneurs from the case study (5) ............................. 15


Broader challenges faced by entrepreneurs in South Africa (10) ..................................................... 15


Strategies to overcome these challenges (5) ................................................................................... 16


How building resilience can help entrepreneurs navigate challenges (5) ........................................ 16


Conclusion............................................................................................................................................. 17


References ............................................................................................................................................ 18

3|Page

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