Entrepreneurship and Leadership Approaches: Critical Success Factors for Developing a New Business I

Credibility and Confidence: Establishing the Management Team and Owners of a Start-up

Demonstrate the following knowledge and understanding of entrepreneurship and leadership approaches, and the operation and leadership of a business organisation and be able to discern those approaches and styles.

Demonstrate the skills and attributes required in the leadership, operation and management of entrepreneurial organisations and produce an innovative and viable business plan

What am I required to do in this assignment?

Using evidence of reading and research, write a report which documents and evaluates the critical success factors in developing a new business idea, establishing, leading and managing a new business start-up.

Your report must demonstrate understanding of the planning process and how a well-constructed and researched business plan can support the successful establishment of a new business.

In this referral – please note the assessment is different from the main assignment and you are not required to write a business plan of your own idea.

Your work must be supported by appropriate and relevant research which is referenced throughout the report.

Your report could cover the following areas:

How the process of planning and developing a business plan helps support a new business venture

How business ideas are created and developed

How market opportunities are evaluated / environment / competitors and product service differentiators

How the management team / owners of a start up can establish credibility and confidence in their ability to lead and manage a new business

How to develop effective Marketing and sales strategies / operation and operating plan/Planning for risk and mitigation

Funding and Financials – evidencing how a new idea could be viable

This should be written as a formal report using Ariel 11-point font – using appropriate headings

What do I need to do to pass? (Threshold Expectations from UIF)

• Evidence the process of developing a business idea
• Provide evidence of relevant research and learning that supports the development of the business idea using sources listed in the reading list
• Develop a formal report with headings using Harvard referencing
• Demonstrate the functions of business required to develop a new venture

How do I produce high quality work that merits a good grade?

We will be filling this section in together in class on Click or tap to enter a date. make sure you have downloaded/printed out the Assignment Brief and bring it to the session with you.

How does assignment relate to what we are doing in scheduled sessions?

The assignment links directly to demonstrating your understanding through unit learning of how entrepreneurial traits and Leadership styles influence and add value to business organisations. The self-analysis helps you identify your traits and attributes and how you can use those skills in your future careers whether in starting your own venture or working in an organization using skills that business need like innovation and creativity

Evidence of understanding and evaluation of critical success factors for start-up ventures

Evidence of evaluation of the entrepreneurial and leadership skills required to establish a start-up business effectively

Evidence of understanding the operational functions in a small business and how each element contributes through the planning process to a plan

Evaluation of Start Up Financial Planning, including start-up costs, pricing, cashflow and establishing viability of a new venture