Entrepreneurial Characteristics that Luvuyo Rani Possesses - Management Assignment Help

Assignment Task:

TASK:

Question 1  Explain through the use of examples from the case study, the five entrepreneurial characteristics that Luvuyo Rani possesses that helped him make a success of his business.

Question 2  Determine the economic system within which Silulo Ulutho Technologies operate and provide support for your answer.

Question 3  Silulo Ulutho Technologies operates their business as a partnership which they then Franchise out. Differentiate between a partnership and a private company and advise Luvuyo and his partners on which is the better option.   

Question 4  There are many challenges facing young entrepreneurs wanting to start their own businesses in South Africa.

Q.4.1 Identify three challenges that Luvuyo Rani had to overcome in his entrepreneurship journey. (3)

Q.4.2 Discuss how he overcame these challenges to make a success of his business. (6)

Q.4.3 Explain the role of entrepreneurship and small businesses in the economy as a whole. (6)

Question 5 The umbrella concept of Corporate Social Responsibility recognises three points. Describe the three points and give practical examples of what Silulo Ulutho Technologies could do to make sure that they comply with all three points.

Question 6    Discuss reasons why it is so important for Silulo Ulutho Technologies to engage with their stakeholders.

Question 7   Luvuyo Rani had to apply for a bank loan to purchase stock and a vehicle. Using the four C’s to evaluate a loan application, evaluate whether the bank should have given Luvuyo the loan.

Question 8  Marco?environment factors have an effect not only on the market environment and on decision making by management, but also on one another, and this constantly causes change in the business environment.   Write an essay of 300 – 500 words, analysing four macro?environment factors that have, or could have, an impact on Silulo Ulutho Technologies.

Instructions:  

•  Your essay should have a brief introduction and conclusion.  
•  Should provide examples to support your discussion.  
•  Use the marking scheme provided as a guide.

Marking scheme: Criteria Points for consideration Marks Content provided is relevant to the topic.

•  Most of the main points of the topic are covered;  
• Facts are clear and well?focused and are well?supported by detailed and accurate information;  
•  Student demonstrates a detailed understanding of the topic;  
•  Information is relevant and presented in a logical order.   /14 Organisation of content is relevant to the topic.
•  The introduction is inviting, states the main topic and    provides an overview of the essay, it links well to the essay;  

 A strong conclusion summing up the discussion.   /2

Use of examples is relevant to the topic. 

Student made use of examples in the discussion of the topic which showcases the student’s understanding of how the theory is being applied in the world of work.    /4 Total 20

Question 9  Management is defined, quite simply as the process followed by managers to accomplish a business’ goals and objectives. Luvuyo and his partners are new to the whole idea of management. Describe the fundamental concepts of management to Luvuyo and his partners in order for them to effectively manage their partnership.       

Question 10  The management of Silulo Ulutho Technologies have set the following goal for their organisation: Increase market share by 2021 by introducing a new internet and telecommunication device that assists in the process of educating previous disadvantaged communities on the use of technology enabled devices. Analyse the set goal in terms of the ‘SMART’ criteria for effective goals. If necessary, recommend amendments to the goal.   Should you recommend any amendments to the goal, rewrite the goal with your recommended amendments included.

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