N5 Entrepreneurship


10. Group dynamics Benjamin Franklin coined the phrase: “Time is money!” Suggest five methods that would help a business using group dynamics to enhance time management efficiently so that the business can improve on profits. Identify your role as a person you would play in relation to group dynamics.


11. Underline ONE word in the brackets that fits the sentence (Public/Private) contains the other point of view, think win, win. Attending a soccer match is an example of a daily (priority/appointment). (Leadership/Management) is about doing things right. It is (impossible/possible) to change a habit.


Elements of (Management/Habits) contain knowledge, skills and desire.


12. Using the information below, draw up a weekly planner for Natasha. Natasha has a doctor’s appointment at 15h30 on Wednesday. She has a class from 09:00 until 14:00 everyday except for Thursday. She goes to gym three times a week but never on a weekend (including Friday). Natasha has an EBM test at 09:00 on Friday. She also has a part time job as a shop assistant on Saturday’s from 08:00 until 14:00. It is her friend Faith’s birthday party Saturday evening which she must attend. Her dad’s birthday is also coming up and she must get a present for him this week. Natasha also enjoys going to Church on Sundays.


13. Theo, a qualified hairdresser, is the owner and manager of Hair, a hair and beauty salon. Hair employs four hairdressers, one beautician and two hair washers. Theo also has a sales area where he sells hair and beauty products such as shampoo, conditioner and hair gel. He has located his salon to a new shopping complex, situated in a busy residential area. Theo is quite charismatic and has an excellent marketing plan. He advertises in the local newspaper, hosts hair and beauty competitions and gives discount vouchers on Groupon.


Draw up a programme for a teambuilding exercise that Theo wants to hold on a Sunday from 08h00 to 18h00 for his staff in the salon.


14. Kulula Sibiya is a successful self-made businesswoman, operating a bookshop called Chapters close to the local university. The shop stocks textbooks for all tertiary education students and supplies stationery and computer consumables to students, businesses and schools in the area. Chapters are even supplying a couple of government departments with stationery. Kulula employs 15 staff members ranging from packers to accounting officers.


Define the term group dynamics and explain how it will impact on the employees of Chapters especially at the beginning of the academic year when the shop is extremely busy.


Source: E Erasmus, Entrepreneurship Learning Action


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