Question 2: Business Environments 2.1 Name any FOUR types of leave as stipulated in the Basic Conditions of Employment Act (BCEA), 1997 (Act 75 of 1997). 2.2 Outline the strategic... Question 2: Business Environments 2.1 Name any FOUR types of leave as stipulated in the Basic Conditions of Employment Act (BCEA), 1997 (Act 75 of 1997). 2.2 Outline the strategic management process. 2.3 Read the scenario below and answer the question that follows: Greenwood Builders specialise in building properties and buy their raw material from Donga Hardware. They pay high prices as Donga Hardware is the only provider of high quality cement. GB also experiences a decline in income as some of their customers prefer to build their own properties. Identify TWO forces of Porter's Five Forces model that are applicable to GB. Motivate your answer by quoting from the scenario above.
Understand the Problem
The problem is a homework question about business environments. Question 2.1 requires listing four types of leave as per the Basic Conditions of Employment Act (BCEA) 1997. Question 2.2 asks for an outline of the strategic management process. Question 2.3 involves reading a scenario about Greenwood Builders (GB) and identifying two applicable forces from Porter's Five Forces model, supported by quotes from the scenario.
Answer
2.1 Annual leave, sick leave, family responsibility leave, and maternity leave. 2.2 Environmental scanning, strategy formulation, implementation, and evaluation. 2.3 Bargaining power of suppliers and threat of substitutes are applicable to GB.
2.1. Four types of leave as stipulated in the Basic Conditions of Employment Act (BCEA) are annual leave, sick leave, family responsibility leave, and maternity leave. 2.2. The strategic management process includes environmental scanning, strategy formulation, strategy implementation, and strategy evaluation. 2.3. The two forces of Porter's Five Forces model applicable to GB are:
- Bargaining power of suppliers: "They pay high prices as Donga Hardware is the only provider of high quality cement."
- Threat of substitutes: "GB also experiences a decline in income as some of their customers prefer to build their own properties."
Answer for screen readers
2.1. Four types of leave as stipulated in the Basic Conditions of Employment Act (BCEA) are annual leave, sick leave, family responsibility leave, and maternity leave. 2.2. The strategic management process includes environmental scanning, strategy formulation, strategy implementation, and strategy evaluation. 2.3. The two forces of Porter's Five Forces model applicable to GB are:
- Bargaining power of suppliers: "They pay high prices as Donga Hardware is the only provider of high quality cement."
- Threat of substitutes: "GB also experiences a decline in income as some of their customers prefer to build their own properties."
More Information
Porter's Five Forces is a framework for analyzing the level of competition within an industry and business strategy development.
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