Entrepreneurship in the Social Economy

The assignment is to explore and illustrate the range of venture types that might be considered entrepreneurial, examine the similarities and differences between entrepreneurial ventures, assess the impact of small businesses on the economy, determine the key aspects of an entrepreneurial mindset, and examine the different environments that foster or hinder entrepreneurship.

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.
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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
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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
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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
Date
d
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
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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
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.
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businesses and
business start-ups
to the growth of the
social economy.
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
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 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
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