Enterprise and EntrepreneurshipLevel 7 15 CreditsImportant Note:A single word processed document containing all reports and other documents that are, explanations, output reports and page images of graphic tools e.t.c pertaining to all tasks.
You must complete and attach the Statement of Confirmation of Work. A copy is attached.
The word count is 4000 5000 words, not including the appendices and reference list/bibliography.
Please make a note of the recommended word count. You could lose marks if you write 10% more or less than this.
This document should be properly structured as an essay with a bibliography (online and literature sources) and appendices (where necessary)
Produce clear and specific reasoning to justify answers.
Assignments should be submitted electronically. The acceptable format for submission is Microsoft word document (.doc or .docx)
All electronic media will be checked for plagiarism
Work that contains viruses, or work that cannot be run directly, will result in a fail grade being awarded for this assessment.
ScenarioThere is no scenario for this assignment, you are yourself and need to show entrepreneurship skillsTask 1 of 3 Business idea pitchInstructions:You are to propose a business idea for this assignment which could then be explored furtherReview what make a successful commercial or social entrepreneur, and evaluate your own skills and attribute in that area.
Propose a business idea
Task 2 of 3 Business planInstructions:Analyse the 3 ideas proposed by you, select the one that is most likely to succeed and create a business plan (including marketing and financing). As such you should produce a business plan in which you should:Summarise and analyse the 3 business idea
Analyse production and marketing feasibility of all 3 ideas
Produce business planning forecast using financial techniques
Produce a marketing plan
Delivery and submission:1x business plan (circa 5000 words excluding appendices)
Task 3 of 3 ReflectionsInstructions:You should now reflect on entrepreneurship based on this experience, and using the appropriate literature. Your reflections should:Critically analyse the nature, characteristic and challenges of establishing different kind of enterprise and how you individually as a future manager could encourage creativity, innovation and changes
With reference to one or more organisation, identify potential creative and innovative management ideas that could contribute to encourage creativity in the organisation
Delivery and submission1x reflection (circa 600 words)
Assignments GuidelinesTo meet this unit, students must achieve the learning outcomes and meet the standards specified by all assessment criteria for the unit.