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AMP 114 STRATEGIC INNOVATION AND ENTREPRENEURSHIP rewrite.pdf

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Harry Mofokeng[COMPANY NAME][Company address]AMP 114 REWRITE HARRYMOFOKENG STUD 33669899
AMP 114 STRATEGIC INNOVATION AND ENTREPRENEURSHIPPROF SP VAN DER MERWEQUESTION 1 (15)What conditions and changes that may occur in society and the economy (external forces) mayspawn and drive future opportunities in Southern Africa. Critically discuss the five most importantdrivers as you consider the next three yearsTechnologicalFactorTechnological development helps in increasing productivity with the limited number of resources.Countries that have worked in the field of technological development grow rapidly as compared tocountries that have less focus on technological development. The selection of right technology alsoplays a role for the growth of an economy. On the contrary, an inappropriate technology- results inhigh cost of production.With introduction of new technologies southern African entrepreneurs can sizes new opportunitiesthat where previously not there e.g., uber service with a smart phone two things almost all southAfricans have on hand and with a click of a button you have a business that you runEconomic conditions (capital formation)The strategic role of capital in raising the level of production has traditionally been acknowledged ineconomics. It is now universally admitted that a country which wants to accelerate the pace ofgrowth, has m choice but to save a high ratio-of its income, with the objective of raising the level ofinvestment.Existing management /investors burned out/ undermanaged staffOpportunity CreationTurnaround, new capital structure, new break even new free cash.Political and legal factors,In some instances, policy change may be necessary, but in most areas, it is about getting thebasics right, implementing government programmers, holding people accountable for theiractions, and finding innovative solutions to complex challenges.Improve the quality of education in underperforming schools and further education andtraining colleges.Long-term shifts in global trade and investment are reshaping the world economy andinternational politics.Environmental factorsThe legal environment of business is by far the most complex and potentially dangerousexternal factor a business face. There is a minefield of regulations, laws, and liabilities thatcompanies must cope with to stay in business. These are all the things that not only southAfrica need to simplify to the entrepreneurs and to better teach them about for us to beable to create opportunities for growth

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Term
Fall
Professor
Mike Weyers

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