15 Feb After deciding to open your retail business, you conduct some research into the different types of enterprises we have available in South Africa. Briefly discuss these forms of ent
1.1 After deciding to open your retail business, you conduct some research into the
different types of enterprises we have available in South Africa.
Briefly discuss these forms of enterprise or legal ownership and include two characteristics of each type of enterprise as well as two advantages and two disadvantages of each:
Partnerships;
Co-operatives;
Close corporations; and
Private companies.
1.2 Before you can continue with starting your business, you need to understand the
economy in which your business will operate. Briefly discuss the basic economic
systems in which organisations operate.
1.3 To gain a better understanding of the elements your organisation will face, briefly
discuss the microenvironment, macroenvironment and the market environment with three examples of the elements that influence each environment.
2.1 Your vision for your business is that it contributes to the community and society at
large. Briefly discuss what corporate social responsibility is. Then discuss what you
would do in your community to ensure your business’ corporate social responsibility.
3.1 You have employed two managers to assist you with your business. You have
discussed your overall business strategy with them and would like to inform them of
the strategic management process. Briefly discuss the definition of strategic
management. Then discuss the strategic management process.
3.2 You would like to develop your managers to ensure that they manage your business
successfully. You have decided to give them more insight into the management
function. Briefly discuss the following to inform your managers of their roles:
The definition of management;
The various management functions; and
The roles of the different levels of management.
3.3 You aim to gain as much knowledge as you can about how to run a successful
business. You discovered some information on how you could use emotional, spiritual
and rational intelligence to lead with purpose, and you have decided to share that
information with your managers.
Briefly discuss what emotional, spiritual and rational intelligence are. Then, discuss
how a leader can use these intelligences.
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