Essay BMAN6211 – Business Management Entrepreneurship – Management Assignment Help

Assignment Task

You are expected to conduct research on any ONE of the following challenges facing South Africa and devise a solution from an entrepreneurial perspective. Think about a feasible business idea that will address the problem/challenge identified.

1. The energy crisis (Load-shedding).

2. Increasing Unemployment rates.

3. Heavy traffic in major cities in South Africa (Johannesburg, Durban and Cape Town).

4. Shortage of water due to droughts/water wastage.

5. High crime rates.

6. Degrading air quality due to air pollution.

7. The Covid-19 Pandemic

8. Maladministration, inefficiency and corruption in public and private entities

After identifying your one challenge, complete the following tasks. Remember to answer these questions in the context of your business.

1. Briefly describe the problem you intend to solve.

2. Identify at least four sources of ideas that you consulted in order to come up with a solution to your selected problem. In order to do this, you must draw a mapping document showing all the ideas you initially had and their sources, THEN scratch out all ‘failed’ ideas and highlight in any colour of your choice, the winning idea.

3. Explain in no more than three sentences the business idea that you intend to implement and WHY/HOW you think the business idea will solve the problem NB: Your business idea will include a product and/or a service. In here, you will also give your business a name.

4. Explain at least three types of risks that you think will affect your business. Tip: You may conduct desktop research on businesses closely related to your own in order to identify types of risks that will most likely affect your business.