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

ASSIGNMENT BRIEF.

ENTREPRENUESHIP AND SMALL BUSINESS MANAGEMENT

Aim:

This unit provides students with an understanding of the definition and scope of entrepreneurship and an understanding of the enablers and barriers to business start-up.

Students will learn about 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.

Students will also learn about the role and importance of small firms to the economy, and about social enterprise and the social economy. Students will also be expected to understand the balance of risk and reward in starting a new venture and they will investigate and reflect on their own entrepreneurial and enterprising characteristics. Examples of entrepreneurs and start-up organisations will be discussed and students will be expected to draw on local, personal and general knowledge together with their learning to be able to identify the characteristics of entrepreneurial ventures.

Learning Outcomes: On successful completion of this unit a learner will:

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

2 Assess the impact of small businesses on the economy.

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

4 Examine the different environments that foster or hinder entrepreneurship.

Assignment Brief

Assignment Part A

Entrepreneurial Ventures and Impact on the Economy

Learning Outcomes

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

LO2 Assess the impact of small businesses on the economy

Issue Date

 

IV Name & Date

 

Formative Assessment Date

 

Submission Date

 

 

Submission Format

The submission is in the form of a report. You are required to make effective use of headings, bullet points and subsections as appropriate. Your report should be referenced using the Harvard referencing system. Please also provide a reference list using the Harvard referencing system.

The recommended word limit is 1,000–1,500 words, although you will not be penalised for exceeding the total word limit.

Assignment Brief and Guidance

Scenario and activity:

You currently work as intern for TCG Consulting Group, a management consultancy that provides advice and market intelligence to small businesses and entrepreneurs. In preparation for an upcoming seminar organised by the firm, you have been tasked with investigating different types of ventures and their impact upon the economy. Your line manager has asked you to produce a report that will be distributed to participants at the end of the seminar. She has also provided the following notes with details of what the report should include:

NOTES

The report should include

  1. A critical examination of various types of entrepreneurial ventures together with their scope, development, growth and relationship with the typology of entrepreneurship. In this section, the report should also discuss similarities and differences between entrepreneurial ventures and provide examples in both public and corporate sector
  1. A critical examination of the impact of businesses on the national and international and social economy. The report should provide an evaluation of the impact that different types of businesses (micro, small, medium and large) make to the economy and use relevant data and statistics for illustration.

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