Reference no: EM132341613

Entrepreneurship and Innovation

Unit Aims

The aim of this unit aim is to introduce learners to the basics of business processes and strategies related to enterprise and entrepreneurship, developing knowledge of enterprise and entrepreneurship in global contexts.

Learning Outcomes

1. Be able to critically analyse the concepts and process of entrepreneurship.

1.1 Critically analyse the nature, characteristics and challenges of establishing different kinds of enterprise.

1.2 Critically assess own entrepreneurial skills and attributes.

1.3 Evaluate what makes a successful commercial or social entrepreneur.

2. Be able to evaluate innovative and entrepreneurial management processes for a project or organisation.

2.1 Evaluate methods for encouraging creativity and innovation in organisations.

2.2 Evaluate potential creative and innovative management ideas.

2.3 Critically explore how to lead others to positively embrace innovation and change.

3. Be able to critically assess proposals developed from new ideas.

3.1 Analyse business ideas.

3.2 Evaluate production, and marketing feasibility of new business ideas.

3.3 Produce business planning forecasts using financial techniques.

4. Be able to develop a business plan.

4.1 Develop a business plan for a new business.

4.2 Develop a control and monitoring mechanism for the business plan