Reference no: EM133895536 , Length: word count:4000

Entrepreneurship

Learning Outcome 1: Justify a viable business idea.
Learning Outcome 2: Critically analyse the main components of a business and how they inter-relate.
Learning Outcome 3: Demonstrate effective small business planning and performance.
Learning Outcome 4: Critically evaluate the potential issues arising that may impact the success of small business management through entrepreneurship.

Module Skills

Knowledge and Understanding
The current market will be explored along with target audience and sources of finance as well as business entity.
The interrelationship of functions within a business start-up model will be explored to examine the risks and potential impact internal and external factors may have on the success of a start-up business.
Students will learn about the development of products and services in relation to business start-up, together with the stages in the growth of a business.
The importance of skills and compliance with legislation as well as effective financial management will be explored by students through research.
Programme Skills
Apply secondary data research skills to acquire and utilise the necessary and relevant contextual and theoretical information required of the module.
Utilise numerical analysis skills in the review of financial and market research data.
Demonstrate IT and presentation skills in the completion of assessments and during the formative assessment and interaction within the classroom
Apply leadership, management and synthesis skills to generate and justify valid conclusions in the completion of a business plan.
Demonstrate a positive attitude towards work through project management techniques and problem solving.

Assessment
Formative assessment is defined in the Foundation Degree Academic regulations as ‘Assessments which are non-contributory,' these will take place throughout the module to help check your understanding. They also help you to prepare for summative assessments and provide you with feedback which identifies strengths and areas for development. Get online assignment help to achieve academic success!

Summative assessment is defined in the Foundation Degree Regulations as ‘Assessments which contribute marks used to determine a student's ability to progress from one stage of a programme to the next, and which are used to determine an overall award classification, are referred to for the purpose of these Regulations as summative assessments.'

Assessments have been clearly structured and presented to support you, however if you are unclear about what is required, speak to your module leader to seek clarification. It is important that you read the assessment guidelines and assessment criteria in detail and use them to structure your work. The content of the assessment should provide evidence that you have met all the module learning outcomes therefore it is important that you have an understanding of what the learning outcomes mean e.g. explore, define, critically discuss.

To support the development of your academic writing skills, it may be useful to devise a glossary of terms. This can be added to as you progress through the year and onto the next level of study.

Assessment Brief 1

Task - Business Planning
Produce a report that incorporates the following areas:

A critical analysis of the main components of a business, exploring how they inter-relate and contribute to the success of a new business start-up LO2.
An outline business plan for a new business start-up demonstrating clearly the factors you have explored and researched in the planning of a new enterprise LO3.
A consideration of the potential performance of your new business start-up and the factors you have considered LO3.
A critical evaluation of the potential issues that you have considered in the planning of your business start-up outlining mitigation strategies you would put in place to reduce the risks you could encounter in the launch and development of your business idea LO4.

Other relevant assessment information:

To achieve higher grades your work should evidence good use of research from a range of sources to underpin the judgments made and wide reading around topics to support conclusions drawn.

Assessment Brief 2

LO1: Justify a viable business idea.

Task 1 - Dragons' Den Presentation

You will present your business plan to a panel of judges (Dragons' Den). Consider and outline within your presentation the type of business, a description of product or services offered, objectives, market information, operational plan, strategy for growth / development and financial information. Justify your choice of business through clear research on the sector and potential markets to demonstrate the viability of your business. (LO1)

Other Relevant Assessment Information:

You are required to work as a group (of not more than 6 people) on this task. When working as a group, individual contribution will be measured individual presentations and responses to questions.

A presentation schedule will be published on the Student Portal, the presentation should last no longer than 10 minutes. Additional time will be added for the panel to ask questions and explore your business idea in detail.

To achieve higher grades your work should evidence good use of research from a range of sources to underpin the judgments made and wide reading around topics to support conclusions drawn. You must include a reference list and bibliography.