Answer to Question #183996 in Economics for Rearabetswe Maleka

Question

The growth of MXit since its launch in 2005 has been astronomical and it can only be contributed 

to an exceptionally visionary entrepreneur, Herman Heunis. Herman Heunis was able to 

understand how his business fits within the market place and how to deliver value to his customers 

in the most effective and efficient way. Which management skill is apparent in the scenario 

above?

1 Strategy skills

2 Planning skills

3 Marketing skills

4 Financial skills

Answer 1

Strategic management skills involves thinking about all the possible ways that business goals or targets might be achieved and then setting a course or overarching strategy that has the best chances of success.

So, the correct answer is 1 Strategy skills.