Question 1:
Wekesa is a young man with a dream. He has always wanted to go into business for himself. He has also keenly observed his mom and dad spend their lives slaving away in factories, just getting by but not happy in their jobs, waiting impatiently for retirement. At a very young age, Wekesa was determined that such was not going to happen to him. He was going to depend upon his own skills to get ahead and reap his own rewards. Enough of working and making others rich by his labour and sweat is his motto. In other words, Wekesa is tired of being a KYM! Wekesa is very good with his hands, and he believes they are gifted hands. He not only can fix what is broken, he can also create masterpieces out of seemingly worthless junk from wood, metal, plastics as well as any material he can lay his hands on. Locally he has made quite a reputation for himself, both as a handyman and a source for unique gifts. He is also a role model to his siblings and in his neighborhood especially since he does not smoke, drink alcohol, or use drugs which are easily available. Having worked at odd jobs to support himself through school and having made spending money on his hobbies, he has decided that perhaps he ought to concentrate on his assets and go into business for himself.
Using relevant examples advice Wekesa on the following, taking care to be as specific as possible:
a) Wekesa will need a business plan as he plans to start his small business, as a business student, guide him on how to go about it.
b) Educate Wekesa on the necessity of having a business plan.
c) With examples, advice Wekesa on the challenges of starting a small business.
Question 2:
a) Many corporate organisations have a policy on CSR, as the CEO of a big organisation, you are tasked by the board of management to come up with the company's policy on Corporate Social Responsibility; describe the impact this practice (CSR) will have on the organisation?
b) Discuss performance appraisal processes for an organisation of your choice.