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Addis Ababa Science and Technology University College of Natural and Social Sciences Department of Business Management Individual Assignment
Addis Ababa Science and Technology University College of Natural and Social Sciences Department of Business Management Individual Assignment
1) Think about your life so far, and list the five major achievements in personal life. Explain them. (2 pts)
i.___________________________________i.__________________________________
iii.___________________________________iv.__________________________________
v.___________________________________
2) Think about your strengths in running your personal life. Write four of them which you are most proud
of? Justify why. (2 pts)
i.___________________________________ii.________________________________________
iii.___________________________________iv.______________________________________
3) Think about what’s important to you, and where you envision your business in the future.
What should be the goal of your business? Explain. (1 points)
______________________________________________________________________________
______________________________________________________________________________
4) Identify the knowledge and skills that you need to succeed. What do you need to know, do or learn in
order to accomplish the business goal stated above? Discuss. (1.5 pts)
______________________________________________________________________________
______________________________________________________________________________
5) How do you think you can acquire this knowledge and these skills so that you will be able to move
forward confidently? Explain. (1.5 pts)
______________________________________________________________________________
______________________________________________________________________________
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Activity 2: Read your Entrepreneurship Module from page 31 to 39, identify a business idea of yours and,
describe your idea using the following form: (7 pts)
Part II: Read the following cases and answer the questions that follow.
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Janet has never grown a large quantity of sunflowers. She spends all the money from the loan to buy seeds,
fertilizer and the oil pressing equipment. Since she uses most of the family farmland to grow sunflowers,
there is less land to grow maize and vegetables for the family to eat. The chemicals from the fertilizer begin
to make her children sick. She now has to buy more food for the family. It takes a lot of time and effort to
process the oil, so, Janet has to employ someone to help her. A lot of other farmers have started growing
sunflower seeds too. Therefore, by the time her oil is ready to sell, the market is already saturated with the
good and Janet cannot find a buyer. To reduce her losses, Janet has to sell the oil at a very low price to a
local shop. As a result, Janet makes very little money and she is not able to pay back the loan.
Reflection question: What is wrong with Janet’s business idea? Why? Explain what you have learnt from
the case.
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Case 3: Read this case and answer the question at the end (5 points)
Mrs. Betelhem Tilahun is an Ethiopian woman entrepreneur. She is the founder of Soles Rebels. She and
her colleagues make handmade culture based shoes. To make their footwear, they used recycled tires, roots
and culture. In doing this, Bethlehem used local products, local skills, and local traditions to make great
products. In the process it was cleaning up the environment in every ecological sense. She also creates job
opportunities for the helpless and poor locals who were leprosy survivors and she paid them up to four and
five times the country’s minimum wage. She focused on one thing; Ethiopians are really good at the ability
to make high quality hand made goods and came up with amazing products that people couldn’t seem to
resist. Today, her business is well known in many countries around the world because of the exceptional
quality and price of her products and she has proven that anyone who cares about others and makes good
use of the resources domiciled in their countries can achieve the impossible.
Questions:
a. Identify the personal entrepreneurial competence that you have observed from her and explain how
she dealt with that.
b. Identify the activities that she has made related to ethics that every business owner needs to
consider.
Write up mechanics:
i. Font style – times new roman
ii. Font size: 12
iii. Line spacing – 1.5
iv. Paragraph – justified
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