Reference no: EM132162201

Learning Outcomes:

LO1: Explore and illustrate the range of venture types that might be considered entrepreneurial
LO2: Assess the impact of small businesses on the economy

Assignment Brief:

Scenario:

You are one of the consultants hired by the Hong Kong SAR Government that has recently launched a Small and Medium Enterprise (SME) coaching programme, that aims to provide advice and market intelligence to small businesses and entrepreneurs.

In order to educate the Hog Kong entrepreneurs and small business owners about how to explore new business ideas and opportunities, and develop innovative business concepts, that Government unit asks you to write up a mini business research report that will be published as a digital brochure for free distribution, as part of the free entrepreneurship support programme.

Tasks:

You need to answer, in business report format, the following tasks and meet the learning objectives and assessment criteria associated with each task.

Task 1:

LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial

You need to start with an introduction to the entrepreneurship concept with practical examples in the context of small and medium enterprises (SME).

Particularly, your answer to Task 1 should include:
- Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship, including examples of each type. (AC: P1 )
- Explore the similarities and differences between Growth Entrepreneurship and Lifestyle Entrepreneurship, including two existing examples of each. (AC: P2 )

Task 2:
LO2 Assess the impact of small businesses on the economy

You need to write in your report on the ‘impact of small business on the economy'.
- Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy. (AC: P3 )
- Explain the importance of small businesses and business start-ups will contribute to the growth will of the social economy for the Belt Road Initiatives. (AC: P4 )

Assignment - Entrepreneurship and Small Business Management

Unit Learning Outcomes:

LO3: Determine and assess the key aspects of an entrepreneurial mindset.
LO4: Examine the different environments that foster or hinder entrepreneurship.

Assignment Brief:

Now you are invited by a local Chambers of Commerce as a keynote speaker to a group of would-be entrepreneurs in Hong Kong.

You have to prepare a 15-minute presentation to the audience that will address what is the an entrepreneurial mindset as well as the probable environment contextsthat may foster or hinder the development of entrepreneurship..

The presentation slides should cover the following areas:

Task 3:
LO3 Determine and assess the key aspects of an entrepreneurial mindset.

You need to present on the ‘Mindset of the Entrepreneurship'
- Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers. (AC: P5 )
- Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset. (AC: P6 )

Task 4:
LO4 Examine the different environments that foster or hinder entrepreneurship.

You need to present on the factors that influence the decision to start a business.
- Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship. (AC: P7 )

Note:
You will have to address all the tasks and meet all the assessment criteria above to achieve an overall pass.

Part 1 - 2500 words

part 2 - 2000 words

Attachment:- Assign Brief.rar