14:25 Back 20; 21; 22 BMNG5121Ea_THE.pdf Question 1 (Marks: 20) Provide a brief definition or explanation...

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14:25 Back 20; 21; 22 BMNG5121Ea_THE.pdf Question 1 (Marks: 20) Provide a brief definition or explanation of each of the following terms within the context of business management, together with a comprehensive example. You are required to define each of the terms in your own words. Q.1.1 Diversification strategy. Please note: You will receive more marks for your own original, detailed examples than for examples in your textbook, from your lecturer, or on Learn. Q.1.2 Operational goals. Q.1.3 Job enlargement. Q.1.4 Ethical leadership. Question 2 Read the following case study and then answer the questions that follow. ... 2022 The Independent Institute of Education (Pty) Ltd 2022 (5) (5) (5) (5) Vusi Mkhabela, the owner of Black Rose, sold food at weekend markets and did catering. He lived without a salary for weeks because areas he works in closed at the beginning of the lockdown. (Marks: 50) "I was stuck financially and mentally," said Mkhabela - until he decided to cook from home and market it on social media during lockdown level four. Events and markets were still banned, but Minister of Trade and Industry Ebrahim Patel then allowed cooked meals to be sold and Mkhabela used this to get his business going again. "I started cooking at home; we took pictures and fed our Instagram pages and WhatsApp," he said. People latched on to the opportunity to eat someone else's food. As the lockdown restrictions eased, he got a catering job which enabled him to rent a space in Maboneng, Johannesburg, where he opened The Gourmet Shrine. Page 3 of 7 14:26 Back 20; 21; 22 BMNG5121Ea_THE.pdf Note: ... Source: Mathe, T. 2020. Entrepreneurs strike Covid gold, Mail & Guardian, 25 October 2020. [Online]. Available at: https://mg.co.za/business/2020-10-25-entrepreneurs-strike-covid-gold/ 2022 [Accessed 20 May 2022]. In your answers, you will be awarded more marks for integrating the theory and facts from the case study than if you discuss them separately. Q.2.1 Explain how The Gourmet Shrine could engage in corporate social responsibility. (10) Q.2.2 Describe the managerial skills needed at the top management level, with application (10) to Mr Mkhabela's role at The Gourmet Shrine. Q.2.3 Recommend to Mr Mkhabela why he should consider a partnership as the business (10) form for The Gourmet Shrine. The Independent Institute of Education (Pty) Ltd 2022 Q.2.4 Describe economic variables of the macro environment in which Mr Mkhabela was (10) operating. Q.2.5 Use examples in the context of the case study to illustrate your understanding of (10) entrepreneurial resources. Page 4 of 7 20; 21; 22 14:26 Back Question 3 Differentiate between the following business management concepts. Q.3.1 Use the following guidelines in your answers: Explain each concept in your own words; Provide a detailed, original example of each concept; Provide an analysis of the key differences between the concepts; You can use the tables below to present your answers. BMNG5121Ea_THE.pdf Q.3.2 Leadership and management Definition/explanation of each concept Example of each concept Definition/explanation of each concept Leadership Example of each concept Location (3) departmentalisation The Independent Institute of Education (Pty) Ltd 2022 (2) Management (3) (2) Location and functional departmentalisation as part of the organising managerial (15) function. Functional (3) departmentalisation ... Analysis of the key differences (2) (3) (Marks: 30) (5) 2022 Analysis of the key differences (5) (15) 14:25 Back 20; 21; 22 BMNG5121Ea_THE.pdf Question 1 (Marks: 20) Provide a brief definition or explanation of each of the following terms within the context of business management, together with a comprehensive example. You are required to define each of the terms in your own words. Q.1.1 Diversification strategy. Please note: You will receive more marks for your own original, detailed examples than for examples in your textbook, from your lecturer, or on Learn. Q.1.2 Operational goals. Q.1.3 Job enlargement. Q.1.4 Ethical leadership. Question 2 Read the following case study and then answer the questions that follow. ... 2022 The Independent Institute of Education (Pty) Ltd 2022 (5) (5) (5) (5) Vusi Mkhabela, the owner of Black Rose, sold food at weekend markets and did catering. He lived without a salary for weeks because areas he works in closed at the beginning of the lockdown. (Marks: 50) "I was stuck financially and mentally," said Mkhabela - until he decided to cook from home and market it on social media during lockdown level four. Events and markets were still banned, but Minister of Trade and Industry Ebrahim Patel then allowed cooked meals to be sold and Mkhabela used this to get his business going again. "I started cooking at home; we took pictures and fed our Instagram pages and WhatsApp," he said. People latched on to the opportunity to eat someone else's food. As the lockdown restrictions eased, he got a catering job which enabled him to rent a space in Maboneng, Johannesburg, where he opened The Gourmet Shrine. Page 3 of 7 14:26 Back 20; 21; 22 BMNG5121Ea_THE.pdf Note: ... Source: Mathe, T. 2020. Entrepreneurs strike Covid gold, Mail & Guardian, 25 October 2020. [Online]. Available at: https://mg.co.za/business/2020-10-25-entrepreneurs-strike-covid-gold/ 2022 [Accessed 20 May 2022]. In your answers, you will be awarded more marks for integrating the theory and facts from the case study than if you discuss them separately. Q.2.1 Explain how The Gourmet Shrine could engage in corporate social responsibility. (10) Q.2.2 Describe the managerial skills needed at the top management level, with application (10) to Mr Mkhabela's role at The Gourmet Shrine. Q.2.3 Recommend to Mr Mkhabela why he should consider a partnership as the business (10) form for The Gourmet Shrine. The Independent Institute of Education (Pty) Ltd 2022 Q.2.4 Describe economic variables of the macro environment in which Mr Mkhabela was (10) operating. Q.2.5 Use examples in the context of the case study to illustrate your understanding of (10) entrepreneurial resources. Page 4 of 7 20; 21; 22 14:26 Back Question 3 Differentiate between the following business management concepts. Q.3.1 Use the following guidelines in your answers: Explain each concept in your own words; Provide a detailed, original example of each concept; Provide an analysis of the key differences between the concepts; You can use the tables below to present your answers. BMNG5121Ea_THE.pdf Q.3.2 Leadership and management Definition/explanation of each concept Example of each concept Definition/explanation of each concept Leadership Example of each concept Location (3) departmentalisation The Independent Institute of Education (Pty) Ltd 2022 (2) Management (3) (2) Location and functional departmentalisation as part of the organising managerial (15) function. Functional (3) departmentalisation ... Analysis of the key differences (2) (3) (Marks: 30) (5) 2022 Analysis of the key differences (5) (15)