MANCOSA: BCOM ENTREPRENEURSHIP YEAR 1 48 SECTION EB QUESTION 3 Identify and comp
ID: 353423 • Letter: M
Question
MANCOSA: BCOM ENTREPRENEURSHIP YEAR 1 48 SECTION EB QUESTION 3 Identify and comprehensively discuss the Hisrich and Peters model (Moore-Bygrave model) of the entrepreneurial process and compare it with at least one of the many other models of the entrepreneurial process (60) (20) QUESTION 4 4.1 List and describe the FIVE (5) main steps that make up the opportunity identification stage in the (20) (10) (10) (20) entrepreneurial process 4.2 There are FIVE (5) indications that a business is growing. List and describe them. QUESTION 5 5.1 Write a description of the Planning, Organising and Leadership functions of a manager. (10) (10) 5.2 Write a detailed description of the control process of managementExplanation / Answer
Answer to question 4
4.1 - Five main steps to make up the opportunity identification stage in the entrepreneurial process are-
4.2 Five indicators that a business is growing are-
5.1 A manager is always a leader beacuse he has to influence the behaviour of subordinates working under him.
The managers have formal authority to influence the behaviour for the achievement of organisational goals.
A manager performs all functions i.e, planning , organising , staffing , directing
5.2 Controlling is the last function of mamagement but it is the function being back the management cycle to planning,
It does not end by comparing the actual performance with planned performance but it tries to find the reasons and solutions for such problems also. For eg ; if planned output is 1000 units and actual is 800 units, then controlling function will look the reason behind this deviation.If the reason is fault in machinery or inefficiency of workers then the corrective measures are taken by instructing the maintenance department to keep regular check on machinery, and if it is due to workers then , efficiency of the workers are improved.
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