Critically relate the position of a small enterprise

Reference no: EM132508165 , Length: word count:3000

KB7046 Technology Entrepreneurship and Product Development - Northumbria University

Learning Outcome 1: To be able to research, identify, and critically evaluate the functional and managerial competencies of an owner/manager in a new small enterprise

Learning Outcome 2: To critically relate the position of a small enterprise within the economy and recognise modern trends in the business world that are impacting on business ventures

Learning Outcome 3: Plan, undertake and evaluate an investigation into the market potential for; a business product or service, e-business potential and produce a comprehensive business plan.

Learning Outcome 4: Critically appraise the operation of a small enterprise in marketing, finance, supply and human resource terms

Learning Outcome 5 : The importance of building effective teams and relationships to support a creative culture for the new venture creation

Entrepreneurship is essential in enhancing productivity and growth in the economy and in an era of exponential technological change, there are an infinite number of opportunities for entrepreneurs to exploit. Skills to become a successful entrepreneur go far beyond technical knowhow and innovation, it is the combination of creativity, and business know how, together with a number of interpersonal skills that differentiates them from a manager or innovator.

The purpose of this coursework is to undertake a personal research project that explores the "lifeworld" of an entrepreneur, discussing and evaluating the skills, pressures and complexities associated with entrepreneurism in the 21st Century. As part of this process, you will:
• Identify and critically evaluate the functional and managerial competencies of an entrepreneur in a new small enterprise.
• Identify the skills and characteristics associated with entrepreneurs and understand their relevancy in a technological era
• Critically relate the position of a small enterprise within the economy and recognise modern trends in the business world that are impacting on business ventures.
• Evaluate the importance of building effective teams and relationships to support a creative culture for the new venture creation.

Attachment:- Technology Entrepreneurship and Product Development.rar

Reference no: EM132508165

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Reviews

len2508165

5/6/2020 10:56:40 PM

I'm going to ask the details of company how they got the idea .what are the characteristics one should aquire to survive as an entrepreneur in this 21st century . What are the risks involved in it? How to handle the risks? How to manage finance? How to get funding? As en entrepreneur how you can create opportunities? What are the skills that were required to be an entrepreneur?

len2508165

5/6/2020 10:56:27 PM

individual assignment as a part of the assignment I'm going to interview a entrepreneur & business person Mr.Sreevasu CEO& CO-FOUNDER of a company Trilot solutions and their product name is FATCAT it is an app I was really interested about this entrepreneur and their product is good he started this at young age so,it will be alot helpful for me as my first group assignment was based on an app.

len2508165

5/6/2020 10:56:09 PM

It would obviously be good, in your report, to give some background to the company and how it got started, as you have alluded to below. However, the main part of the text will be about these challenges and discussing how the literature supports or contradicts what the participant says.

len2508165

5/6/2020 10:56:01 PM

That sounds very interesting. With regards to your questions, there is only one that you really need to lead with and that is "what do you believe are the challenges for an entrepreneur in the 21st century?" This will give them the opportunity to give their opinion and possibly highlight issues that you have not conisdered. This is called a semi-structured interview. It allows the participant the freedom of expression rather than being coerced or guided. Some other questions that you may wish to ask will be informed by the literature that you have read on the topic to see if these challenges are shared by the participant.

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