Question
You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is
You decide to set up a business during MCO. What are the factors you need to consider and how do you decide if it is going to be feasible? a) Choose any management model that you will use as a framework for your data collection (20 marks) - SWOT - Environment - Internal - Manpower, Machinery, Money, Methods, Material - External - Micro - Competitors, Suppliers, Substitutes, Customers, System - Macro - Political, Economic, Sociocultural, Technology, others - Marketing Ps - Systems Thinking - Porter's Value Chain - Six Sigma etc NOTE : State all assumption - ie type of business - bakery? retail clothes, shoes, cleaning supplies, etc? tuition?
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