HNB409 Entrepreneurship and Small Business Management

Criteria covered by this assignment:

·All pass criteria

·All merit descriptors

·All distinction descriptors

This assignment/portfolio will be assessed according to the following grading criteria:

·To attain a ‘PASS‘ grade, learners need to achieve all the ‘PASS‘ criteria.

·To attain a ‘MERIT‘ grade, learners need to achieve all the ‘MERIT‘ criteria, along with all the ‘PASS’ criteria.

·To attain a ‘DISTINCTION‘ grade, learners need to achieve all the ‘DISTINCTION’ criteria, along with all the ‘MERIT’ and PASS criteria.

Note:

A Pass is awarded for the achievement of all outcomes against the specified assessment criteria based mostly on DESCRIPTIVE content. Merit and Distinction grades are awarded for higher-level achievement which includes degrees of CRITICAL THINKING, ANALYSIS & EVALUATION – these are higher level skills that you should work on over the period of your programme.  If the report fails to meet all Pass criteria, it will be refered. The second attempt will then be capped at a Pass, as per the Pearson Edexcel regulations.)

Plagiarism and collusion

·Any act of plagiarism and collusion will be seriously dealt with according to the Centre’s regulations. In this context the definition and scope of plagiarism are presented below:

·Using the work of others without acknowledging the source of information or inspiration. Even if the words are changed or sentences are put in a different order, the result is still plagiarism (Cortell 2003).

·Collusion is described as the submission of work produced as a result of the collaboration between two or more parties. Additionally, collaboration entails the sharing of one person‘s work with others who submit either all or part of their coursework ―as their own.

Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students who break the rules, however innocently, may be penalised. It is your responsibility to ensure that you understand correct referencing practices.  As a Higher Education level student, you are expected to use appropriate references throughout and keep carefully detailed notes of all your sources of materials for material you have used in your work, including any material downloaded from the Internet. Please consult your course tutor if you need any further notice

Aims and Objectives

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.

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

LO2: Assess the impact of small businesses on the economy.

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

LO4: Examine the different environments that foster or hinder entrepreneurship.

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. Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector.Critically examine the scope, development and growth of entrepreneurial ventures.

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.

Scenario and Activity

You have just been employed as a part-time career advisor of St. James College. Your main role is to advise current and past students on how to set-up their own business and apply for jobs in both domestic and international market.

As part of updating the website of the career’s office, your boss has asked you to conduct a research project that is based on a range of different examples of entrepreneurship and how they relate to the typology of entrepreneurship, one of which should be a local business.

In conducting the research you are required to:

1]   Examine 3 different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship.

2]   Explore the similarities and differences between entrepreneurial ventures discussed No 1.

4]   Demonstrate an understanding of entrepreneurship, investigate a diverse range of entrepreneurial ventures in both the private, public and corporate sectors.

5]   Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the UK Economy.

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

7]   Evaluate the difference small, medium and large businesses make to the economy, applying relevant data and statistics.

8]   Provide a critical examination of the impact of small businesses on different levels of the economy including local, national and international.

9]   In your conclusion critically examine the scope, development and growth of entrepreneurial ventures,  nationally and internationally.

Assignment 2: Exploration of the Entrepreneurial Mindset

Learning Outcomes:

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

LO4 Examine the different environments that foster or hinder entrepreneurship

Submission Format:

The submission is in the form of a 10-minute individual PowerPoint presentation and 5 minutes allocated for questions. The presentation slides and speaker notes should be submitted as one copy. You are required to make effective use of PowerPoint headings, paragraphs and subsections as appropriate. Your research should be referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 1,000–1,500 words, including speaker notes, although you will not be penalised for exceeding the total word limit.