namib I A UnIVERSITY

Transcription

1 r' namib I A UnIVERSITY OF SCIEnCE AnD TECHnOLOGY FACULTY OF MANAGEMENT SCIENCES DEPARTMENT MANAGEMENT QUALIFICATION: BACHELOR OF BUSINESSS QUALIFICATION CODE: BBAD/07BBMA COURSE CODE: BEM 711S LEVEL: 7 COURSE NAME: SMALL AND MEDIUM ENTERPRISE MANAGEMENT SESSION: JUNE 2016 PAPER: THEORY DURATION: 3 HOURS MARKS: 100 FIRST OPPORTUNITY EXAMINATION QUESTION PAPER EXAMINER{S} D.J. Du Plssis F. VanWyk J. Hambabi MODERATOR: DR I Agog INSTRUCTIONS 1. Answr ALL th qustions. 2. Writ larly an natly. 3. Numbr th answrs larly. THIS QUESTION PAPER CONSISTS OF 6 PAGES {Inluing this front pag)

2 SECTION A 20 MARKS Choos th orrt option an iniat your hoi (a-) nxt to th appropriat numbr in th xamination book provi. For xampl 1. b. A problm assoiat with family businss is th following: a only on in tn su into th thir gnration. b poor stat planning. unwillingnss to han ovr to nxt gnration. a an b a, ban 2 Whih ofth following ar utis ofth franhisor? Dislosing th businss systm to th franhis ll Avising th franhis on mattrs rlating to th stablishmnt of th franhis agrmnt 111 Avising th franhis on mattrs rlating to th stablishmnt of th franhis businss on th prmiss IV Conuting th franhis businss stritly in aoran with th oprations manual a I, 11, Ill b 11, Ill, IV I, 11, IV I, lll, IV I-IV 3 Whih of th following ar oitt? On of th utis of th franhis is to assist th franhisor in th buying of stok an to aquir srvis an quipmnt nssary for th opration of th franhis. 11 Th franhis must nsur that th franhis businss onforms with othr franhis businsss oprat in aoran with th businss systm. m Th franhisor may rquir th franhis to rorat or rfurbish th prmiss. IV Th franhis is rquir to obsrv minimum businss hours. a I, ll, Ill b ll, lll, IV I, lll, IV I, ll, IV I-IV 2

3 4 Mrgrs iffr from aquisitions purly in a th way th al is strutur. b th rlationship that is ntr into. th pri that is pai. th lgal agrmnt. non of th abov 5 On of th hallngs to th suss of mrgrs an aquisitions is a appointmnt of staff. b appointmnt of a managr. ommuniation. valuation ofth businss. loation of th businss. 6 Th bst way to valuat th businss that you want to aquir is through a u ilign invstigation. b an intrnal auit. a ultural survy. ngotiation. a managmnt auit. 7 A vntur rfrs to a businss ativity that a prson ntrs into in orr to arn an inom for physial survival on a ay-to-ay basis. a m1ro b small mium survivalist lifstyl 8 Th mos for ntring or ngaging in intrnational businss an b ivi into thr atgoris: importing. 11 xporting. 111 non-quity arrangmnts. 1v irt forign invstmnts. a 1,11,111 b 1, 111, 1V C 1, 11, 1V 11, 111, 1V a ombination of a an b 3

4 9 Th ky rols of th intraprnur inlu: initiator. 11 tam supportr. m vntur tam. IV failitator. a b I, 11, IV..... I, 11, lli , lli, IV I, 11 I, lli I 0 Whih of th following ar omponnts of intraprnurial larship? From, moray an tra-offs 11 Making othrs fl goo m Sharing th visionary task IV Intifying training ns a I, 11, lli, IV b I, 11, Ill I, 11, IV 11, 11I, IV I, lli, IV (10X2=20) 4

5 SECTION B SO MARKS QUESTION 2 On of th main aspts nsuring th survival of a family businss is sussion. (Niman& Niuwnhuizn, 2009). 2.1 Intify four ( 4) managmnt styls that may impat sussion. (8) 2.2 Whih on of ths styls of managmnt may hav a positiv impat on sussion? Why? (2) 2.3 Intify fiv ritial stps, (aoring to Mlbourn, 2012) to assist family businss with sussion. (10) QUESTION 3 By using Namibian xampls, xplain th avantags of using franhising as a form of intrnal growth for a franhis. (10) QUESTION 4 Th valu for buyout purposs is not only trmin by th montary valu of th businss, but also th non-quantitativ fators. Intify an xplain four of ths non-quantitativ fators an how thy an impat th valu of th businss. (8) QUESTION 5 "To turnaroun an ailing vntur an put it bak on th roa to goo prforman an growth is no small task". Intify an brifly xplain th prinipls of rstruturing (turnaroun) to nsur a sussful turnaroun pross. (10) 5

6 QUESTION 6 "Harvsting is th ahivmnt of som or othr n goal that will rpay th ntrprnur for th har work an inputs" (Niman an Niuwnhuizn, 2000). 6.1 Explain fiv (5) rasons why an ntrprnur may i to harvst his/ hr businss. (10) 6.2 Whih prinipls shoul b ahr to, to nsur that th ntrprnur rap th fruits of his/hr har work (10) QUESTION 7 Giv an ovrviw of th fators that woul nabl th Namibian small an mium xport businsss to bom global playrs in intrnational tra. (12) TOTAL FOR SECTION=80 6