Critique the concept of supplier development by highlighting five supplier development activities that Mosetsana Pads could embark on. Use practical examples to substantiate. 1. Sharing essential knowledge 2. Sharing skills 3. Sharing experience 4. Optimal investments 5. Direct involvement in supplier activities
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- Auva and Chad knew that they wanted more out of life. Auva works as an inspector for the city health department, which involves inspecting restaurants and food service establishments to see whether they are operating according to local laws. Chad worked as an insurance agent for the first 10 years of their marriage and stays at home even though their kids are old enough to take car of themselves. Their home is paid for and their oldest daughter has received a scholarship to attend their local state university. Their son, Chester, is a senior in high school. Neither Auva nor Chad has much experience in owning or operating a small business, yet this is what they want to do when their son graduates from high school. They have been frugal and have saved over $200,000 for this venture. Auva will not be quitting her job for a while. This will leave Chad with the responsibility of running the business. What type of business to start and why?Background Allan and Dorraine have been happily married for just over ten (10) years. They met twelve (12) years ago at a textile factory in Westmoreland, where they both started work after leaving school. The textile factory was the biggest employer in the area. During these years they saved hard and finally bought their dream house-a four- bedroom detached traditional bungalow. The house needed upgrading, so the couple managed to get it at a bargain price. They put down a good deposit and took a mortgage for $9,000,000. They were looking forward to renovating the house over time: The present situation The textile trade was the main industry in the Western region. In the past few years, however, factors such as high prices for cotton and declining orders from Japan and America have led to short-time working and some redundancies within the industry. Last year Allan and Dorraine were both made redundant at the same time. Faced with the prospect of moving away to find work or being…Khalil quit his job as an investment banker to start Assi Rafts, a canoe and kayak rental business in Bekaa. Khalil was tired of the corporate life and was ready for a change. He bought a land, built his facility, and bought canoes, kayaks, trailers, and vans. He did no market research such as talking to potential customers before investing in the business. In the seven years the business operated, it never reached even half the revenues it needed to be successful. In the end, he closed the business after spending all his and his parents' savings. What function would a business plan play in Khalil's case? * Enhance his creativity Strengthen his research skills Attract lenders and investors he was in desperate need for to launch his business Serve as his road map on the O journey toward building a successful business
- Background Allan and Dorraine have been happily married for just over ten (10) years. They met twelve (12) years ago at a textile factory in Westmoreland, where they both started work after leaving school. The textile factory was the biggest employer in the area. During these years they saved hard and finally bought their dream house-a four- bedroom detached traditional bungalow. The house needed upgrading, so the couple managed to get it at a bargain price. They put down a good deposit and took a mortgage for $9,000,000. They were looking forward to renovating the house over time. The present situation The textile trade was the main industry in the Western region. In the past few years, however, factors such as high prices for cotton and declining orders from Japan and America have led to short time working and some redundancies within the industry. Last year Allan and Dorraine were both made redundant at the same time. Faced with the prospect of moving away to find work or being…Your Uncle Craig and Aunt Carol want more out of life. Craig works as an inspector for the city health department, which involves inspecting restaurants and food service establishments to see whether they are operating according to local laws. Carol worked as an insurance agent for the first 10 years of their marriage and is now a stay-at-home mom. Their home is paid for and their son, your cousin, Charles, is a senior in high school. Neither Craig nor Carol has much experience in owning or operating a small business, yet this is what they want to do when their son graduates from high school. They have been frugal and have saved over $200,000 for this venture. Craig will not be quitting his job for a while. This will leave Carol with the responsibility of running the business. For the scenario above, answer the following questions: Which business structure should they adopt for their new business? Explain your answer and state the costs and benefits of your advice.1. Explain the McMullen-Shepherd Model. 2. Identify and define the four types of questions/tasks related to increasing cognitive ability. 3. Describe sustainable entrepreneurship and give examples of economic, environmental, and social gains it can generate for others. 4. Entrepreneurs act on opportunities. The entrepreneur does not generally act without thinking. Hisrich discusses alternatives ways an entrepreneur thinks. Describe the difference between a causal thought process and an effectuation thought process. 5. Define superficial similarities and structural similarities. Which of the two is considered the more challenging for entrepreneurs? Explain.
- Compared to Europe and North America, which one is the best to expand the business for halal food products? Do a recomendation & conclusion.Flora built her business from two employees to more than 2,000 during her 30 years in business. She was able to endow a scholarship fund to the community college and to leave her children a perpetual income. We call this herGroup of answer choices corporate responsibility. social mission. good citizenship. entrepreneurial legacy.9.Provide atleast five (5) challenges that Entrepreneurs is general is facing now.what do you think is/are the solutions/on each challenges?
- What personal characteristics and values will Jack need to continue running his business while also attending school full-time?Vaynerchuk has been quoted as saying that if you live for Friday, get a different job. How does this apply to successful entrepreneurs?3. From the grassroot level what do we really need to do to attain development? Can you conceptualize a simplified approach to a sustainable entrepreneurship development?