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Determine the key aspects of an entrepreneurial mindset

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Reference no: EM132336286 , Length: 3000 Words

Entrepreneurship and Small Business Management Assignment - Entrepreneurial Ventures and exploration of the Entrepreneurial Mindset

Learning Outcomes:

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

2. Assess the impact of small businesses on the economy.

ASSIGNMENT BRIEF AND GUIDANCE - Scenario

You currently work as intern for a consultancy firm [named organisation/an organisation of your choice - your own place of work if appropriate], 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.

Task 1 - You should choose one example of each type of entrepreneurship, at least one of which should be a local business. You must explore and compare different environments for each of your examples and evaluate their impact and importance on the economy at different levels. Make sure your work shows a critical examination to the scope, development and growth of entrepreneurial ventures.

You should include data and statistics to support your findings. 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. While working on this research ensure to see that you evaluate the differences between small, medium and large business and the contribution they make to the different levels of the economy (local, regional, national) economy by applying relevant data and statistics.

The recommended word limit is 1,000-1,500 words, although you will not be penalised for exceeding the total word limit.

Learning Outcomes -

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

4. Examine the different environments that foster or hinder entrepreneurship.

Scenario and activity: Continuing from Assignment 1, in your role as an intern at the consultancy firm [named organisation/an organisation of your choice - your own place of work if appropriate] you have been asked to present as a keynote speaker at the annual Business Start-up Show in London. You are to present on 'The Mindset of the Entrepreneur'. Your presentation will be 10 minutes and will include the following:

  • Specific examples of entrepreneurs to illustrate the scope of entrepreneurship covering one local entrepreneur, one global entrepreneur and one social enterprise.
  • Exploration of their situational factors, similarities and differences.
  • Discussion on their shared entrepreneurial traits and characteristics. Ensure to see that you are able to differentiate them form other business managers.
  • Analysis of how background and experiences can either hinder or foster entrepreneurship, providing specific examples to support your line of argument.
  • Conclusions that are drawn from comparing the different entrepreneurs, their backgrounds and experience and the extent to which it has influenced them. Ensure to see that you can analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples.

The recommended word count for the assessment is 3000 to 3500 words, but you will not be penalised for exceeding this.

Reference no: EM132336286

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Reviews

len2336286

7/10/2019 2:42:21 AM

Task 1 - Submission Format - The submission is in the form of an individual written report. This should be written in a concise, formal business style using double line spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate, and all work must be supported with research and 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, although you will not be penalised for exceeding the total word limit.

len2336286

7/10/2019 2:42:15 AM

Task 2 - Submission format - The required submission format for this assignment is a report format, this is listed under the given task. Your submission will be word-processed, written work with clear indication of: the unit number and title, the relevant task being addressed, your name and registration number. You are expected to use external sources, and clearly reference these in your work. References should be added to the text (next to the quote or paraphrase), and also placed at the end in a references list, using Harvard Referencing style. You should complete a bibliography to support all evidence. The recommended word count for the assessment is 3000 to 3500 words, but you will not be penalised for exceeding this.

len2336286

7/10/2019 2:42:08 AM

General guidance - For higher grading you are required to consider developing your answers further based on the given learning outcomes and assessment criteria given at the end of the assessment brief. Across the report you are required to provide various examples to enhance the credibility, currency and depth of the answer. You are also required to support your answer by academic and professional sources as well as statistics when relevant. Harvard referencing to be followed in this task (Citations and reference list) should be provided. Critically examine the scope, development and growth of entrepreneurial ventures. Critically examine how small businesses have an impact on different levels of the economy (local, regional, national) and in an international context. Analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples.

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