\f\fHum: I run a [at llama] \"A business plan is a written summary of an entrepreneur's proposed business venture, its operational and nancial details. its marketing opportunities and strategy and its managers\" skills and abilities. It acts as a rcadrnap cf the business and an insurance against launching a business destined to fail or mismanaging a potentially successful company\". Discuss the various functions of a business plan and its key elements. |litLlES'l'ltttlrl 4 {2c Marlee] \"Management does not only apply to big businesses but also to entrepreneurial ventures. Not everyone can or vrants to be an entrepreneur. as it needs some special grit and commitment". Dismiss the various personal charac'mristics ot enlrevreneurs and the value that they bring to the economy of a country. |lilLlESTlilell 5 {20 Mali-:5} Discuss the Operations Management function and the Transfom'ration Process that gives rise to the production of goods and services in a company. Also. differentiate between efciency and effectiveness. |litllESTlitllrl E {In Iliad-ts} \"Management invclves far more than just telling others 1.vhat to do. Management has been described as a social process involving responsibility for economical and effective planning 3. regulation of operation of an enterprise in the fullment of given purposes". Using examples. discuss the FOUR {4) management functions of Planning. Organising. Leading and Controlling