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Category: Entrepreneurship and communication skills

Emerging Issues and Trends in Entrepreneurship

November 22, 2020November 27, 2020 KNEC notes and Past Papers

Introduction Trends refer to long term movements in a certain direction. In society a trend describes a direction in the tastes and desires of the general population. For entrepreneurs, trends present an incredible world of opportunities. Once an entrepreneur identifies Read More …

Entrepreneurship and communication skills2 Comments

Uses of ICT Equipment

November 22, 2020November 27, 2020 KNEC notes and Past Papers

The following are some of the benefits associated with the various ICT tools : 1. The Phone The phone is used to communicate verbally with customers and suppliers.  This includes both the fixed line and mobile phones Other than verbal Read More …

Entrepreneurship and communication skills3 Comments

Benefits/Importance of ICT to a Small Business Enterprise

November 22, 2020November 27, 2020 KNEC notes and Past Papers

A business can utilise ICT in pursuit of its objectives. ICT enables a business to access the relevant information for efficient management of the business.  This is in turn leads to; Increased profits, Improved time management, Increase in cost-effectiveness, Increase Read More …

Entrepreneurship and communication skills1 Comment

Definition of Information and Communication Technology (ICT)

November 22, 2020November 27, 2020 KNEC notes and Past Papers

Information and Communication Technology is an umbrella term that includes any communication device or application. ICT describes a range of technologies for gathering, storing, retrieving, processing, analysing and transmitting information.

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Uses of a business plan

November 22, 2020November 24, 2020 KNEC notes and Past Papers

A business plan is important for a business because it can be used to: Obtain finances Hire staff Attract partners – To expand the business Guide the business in its operations

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Components of the Business Plan

November 22, 2020November 27, 2020 KNEC notes and Past Papers

A business plan should be comprehensive enough to give any potential user a complete picture and understanding of the venture and will help the entrepreneur clarify his or her thinking about the business. Although there is no generally accepted format Read More …

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Unethical Business Practices

November 22, 2020November 27, 2020 KNEC notes and Past Papers

The question of ethical business practice is a widely debatable subject. Profit and morality are incompatible. For instance the pursuit of wealth is a barometer of success yet it is popularly believed that wealth tends to corrupt individuals. All ethical Read More …

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Need For Ethic Issues in Business

November 22, 2020November 27, 2020 KNEC notes and Past Papers

Creates fairness in competition Business ethics ensures that there is fair play as business firms compete with each other. e.g. It would be unethical to: Buy competitors products and destroy them before they reach the market Discredit competitors products with Read More …

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The Role of Ethics in Business

November 22, 2020November 27, 2020 KNEC notes and Past Papers

Ethics refers to prescribed or accepted code of conduct. For a business to run smoothly there must be rules and regulations that govern the behaviour of each and every employee. These rules could either be written implied or naturally accepted Read More …

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Limitations of Social Responsibility

November 22, 2020November 27, 2020 KNEC notes and Past Papers

It increases costs to the business It makes the business to spend resources and thus reduces profit Increased social responsibility cost is passed onto the consumers in form of higher prices Most businesses lack the skills to solve social problems Read More …

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