ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

Qualification

HIGHER NATIONAL DIPLOMA IN BUSINESS

Unit Number and Title

9. ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

Start Date

03-12-17

Hand In Deadline

30-12-17

Assessor Name

MS. PUSHPA YADAV

Assignment No

ONE

Assignment Title

ENTREPRENEURIAL VENTURES & EXPLORATION OF THE ENTREPRENEURIAL MINDSET

Purpose of this assignment

To develop an understanding of the influence of national culture and economy on entrepreneurship and will explore the personal characteristics of entrepreneurs and the impact of personal situational factors, including education and background. This assignment will help them to draw on local, personal and general knowledge together with their learning to be able to identify the characteristics of entrepreneurial ventures.

Assignment Description

This Assignment covers the Learning outcomes LO1, LO2, LO3 and LO4.

Preparation guidelines

· The report should be grammatically correct and word processed.

· The written report must be presented in a professional manner, with FORM 1, front page, contents page, page numbering, bibliography and annexes.

· Use the Font as Arial size 11 and 1.5 line spacing.

· Identify any references and Use the Harvard referencing system.

· Complete the Form 1 page and sign the statement of authenticity.

· You will pass the assignment only if you achieve all Pass criteria. Student must provide evidence that learning outcomes of the subject have been met.

· Assignment will be checked for Plagiarism. Appropriate Actions may be taken as per College / Edexcel Plagiarism Policy.

Good practice

· Make backup of your work in different media (hard disk, memory stick etc) to avoid distress for loss or damage of your original copy.

· Make an extra hardcopy of your work submitted for your own reference or later use.

Submission Format for Task 1:

The submission will be in the form of a report. You are required to make use of headings, paragraphs, subsections and illustrations as appropriate and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 2,500–3,000 words, although you will not be penalised for exceeding the total word limit.

Learning Outcomes and Assessment Criteria

Learning Outcome

Pass

Merit

Distinction

LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial.

P1 Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship.

P2 Explore the similarities and differences between entrepreneurial ventures.

M1 Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector.

D1 Critically examine the scope, development and growth of entrepreneurial ventures.

LO2 Assess the impact of small businesses on the economy.

P3 Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy.

P4 Explain the importance of small businesses and business start-ups to the growth of the social economy.

M2 Evaluate the differences that small, medium and large businesses make to the economy, applying relevant data and statistics.

D2 Critically examine how small businesses have an impact on different levels of the economy in a local, regional, national and international context.

LO3 Determine and assess the key aspects of an entrepreneurial mindset.

P5 Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers.

P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset.

M3 Explore and examine different lines of argument relating to entrepreneurial characteristics.

D3 Analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples.

LO4 Examine the different environments that foster or hinder entrepreneurship.

P7 Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship.

M4 Analyse the link between entrepreneurial characteristics and the influence of personal background and experience to specific successful entrepreneurs.

D4 Critically evaluate how background and experience influences entrepreneurs, both positively and negatively, by comparing and contrasting examples.