M:MANAGEMENT
6th Edition
ISBN: 9781260062885
Author: BATEMAN
Publisher: RENT MCG
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Chapter 14, Problem 6LO
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To discuss: The procedures for implementing effective
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accreditation. Thato had to work with international bodies, adding complexity and expense to her
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Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment.
She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access
shared resources, knowledge, and training programs. She also collaborated with the government
to participate in a public-private initiative promoting sustainable farming, which provided her with
a modest grant.
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and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her
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A sharing economy can be described as an economic model in which goods and resources are
shared by individuals and groups in a collaborative way such that physical assets become services.
The sharing economy enables people and organisations to earn profits from underutilised
resources. Discuss using relevant example and referencing the impact of sharing economy.
(20 marks)
There are a number of phases relevant used by most start ups other than those who follow the lean
start-up approach. Under normal circumstances, entrepreneurs prefer to blend together the set-up,
start-up and growth phases to release and continually revise products and services prototypes in
response to customer feedback. Critically discuss in length using relevant examples and
referencing what entrepreneurs need to consider during:
a. The set-up phase of their business development.
b. The growth phase of their business development.
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(10 marks)
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