Division of Business Course: HND Level 5 Business (management) Year: 2017 Student Name: UNIT 09: Entrepreneurship and Small Business Management Lecturers Name: Mr George Anokye Date Issued: Completion Date: Fail Pass Merit Distinction P1 P2 P3 P4 P5 M1 M2 M3 M4 D1 D2 D3 Learning Outcomes: LO1 Demonstrate an understanding of management accounting systems. LO2 Apply a range of management accounting techniques. LO3 Explain the use of planning tools used in management accounting. LO4 Compare ways in which organisations could use management accounting to respond to financial problems Comments: Assessor’s Signature:______________ Referred Date:______________ Late: Yes No Internal Verification: Yes No I declare that the work I am submitting for assessment contains no sections in copied in whole or part from any other source, unless it is explicitly identified by means of quotation mark or by means of wholly indented paragraphs. I declare that I have also acknowledged such quotations by providing detailed references in an approved format. I understand that unidentified and un-referenced copying both constitutes plagiarism which is an offence. I give my consent for my work being scanned by Turnitin formatively and summatively for the purposes of assessment. Student Signature: Received: Date: Date: Student Name Assessors Name Qualification HND Business (management) Level 4 Awarding body EDEXCEL Unit name Management and Operations LO 1 LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial. AC P1 Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship. Comments AC P2 Explore the similarities and differences between entrepreneurial ventures Comments M1 Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector Comments D1 Critically examine the scope, development and growth of entrepreneurial ventures Comments LO2 LO2 Assess the impact of small businesses on the economy. Ac P3 Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy. Comments AC P4 Explain the importance of small businesses and business start-ups to the growth of the social economy Comments M2 Evaluate the differences that small, medium and large businesses make to the economy, applying relevant data and statistics Comments D2 Critically examine how small businesses have an impact on different levels of the economy in a local, regional, national and international context. Comments LO 3 Discuss the process required to commercialise innovation AC P5 Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business Comments AC P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset Comments AC M3 Explore and examine different lines of argument relating to entrepreneurial characteristics. Comments AC D3 Analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples Comment LO 4 Examine the different environments that foster or hinder entrepreneurship AC P7 Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship. Comments AC M4 Analyse the link between entrepreneurial characteristics and the influence of personal background and experience to specific successful entrepreneurs Comment AC D4 Critically evaluate how background and experience influences entrepreneurs, both positively and negatively, by comparing and contrasting examples Comment Have all ACs been met by the learner? Yes Is Criterion based feedback given to learner? Yes Overall Assessment Decision Distinction Merit No No Pass Referral Fail Assessors Signature Dated Unit 9: Entrepreneurship and Small Business Management Assignment Task: Scenario You currently work for a consultancy firm that provides advice and market intelligence to small businesses and entrepreneurs. As part of updating the new website you have been tasked with investigating different types of ventures and their impact upon the economy to put on a webpage. This is a mini research project that is based on a range of different examples, one of which should be a local business. You are required to present to your colleagues a 10-minute presentation. Task 1 You should choose one example of each type of entrepreneurship, at least one of which should be a local business. You must describe and compare different environments for each of your examples and evaluate their impact on the economy at different levels. Primary research could be conducted for your choice of local business. Primary research may include the use of interviews, existing videos or questionnaires completed by practicing entrepreneurs. Task 2 Continuing from Task 1, in your role at the consultancy firm you have been appointed as a key note speaker at the annual Business Start Up show in London. You are to present on ‘The Mindset of The Entrepreneur’. Your presentation will include the following: 1. An example to illustrate the scope of entrepreneurship covering one local entrepreneur, one global entrepreneur and one social enterprise 2. Exploration of the situational factors, similarities and differences 3. Shared entrepreneurial traits and characteristics 4. Examination of how background and experiences either hinder or foster entrepreneurship Learning Outcomes and Assessment Criteria Grading 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. Submission Guideline • Work should be referenced • Sources should be acknowledged fully by referenced books, journals used and URL visited • All work should be word processed, font size of 12 and font style of Times New Roman/Arial • Subtitles of the assignment should be in the font size of 14 • Pages should be numbered in the bottom right hand corner • Spell checks the document and read thoroughly for grammatical errors • 1.5 Line spacing • References list or Bibliography at the end of the assignment • All paragraphs should be aligned in justified mode • The guided word limit is between 3500-4000 words Recommended Resources • BURNS, P (2011) Entrepreneurship and Small Business. 3rd Ed. Basingstoke: Palgrave MacMillan. • DOWN, S. (2010) Enterprise, Entrepreneurship and Small Business. London: Sage. • CARTER, S. and JONES-EVANS, D. (2012) Enterprise and Small Business: Principles, Practice and Policy. London: Pearson. • GRIFFITHS, A. and WALL, S. (2011) Economics for Business and Management. 3rd Ed. Harlow: Pearson. Journals Journal of Small Business Management. Oxford: Wiley-Blackwell. (http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1540-627X) Websites The Institute for Small Business and Entrepreneurship (ISBE) website: www.isbe.org.uk Links This unit links to the following related units: Unit 1: Business and the Business Environment Unit 27: Identifying Entrepreneurial Opportunities Unit 28: Launching a New Venture Unit 29: Managing and Running a Small Business