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Assessment Description
You are to prepare a new idea proposal and idea validation. This assessment can be presented in your chosen format and should not exceed 1500 words. This assessment will focus on LO1 and LO2 and will draw from Workshops 1 to 4.
Assessment Details
• This is an individual assessment and you are to generate a new venture, product or service idea.• This idea can be a social, product or service innovation.• This idea can be intrapreneurial or entrepreneurial, however it must be new.• You are to show ownership validation and demonstrate how it was developed.• You should include a brief discussion in your market validation and show initial assessment of risk, cost, opportunity and environmental factors.• You will then make a general recommendation for the market potential of your new idea.• The word limit for this assessment is 1500 words maximum and you are to choose your own written format that you feel best articulates your proposal and validation.• Whatever your preferred format, your document should still include standard components from a business report, such as a title page, executive summary, introduction and conclusion. You should also support your report using figures and tables and offer secondary source evidence where required.
Verified Expert
The report includes a brief introduction about the entrepreneurship and new business idea of up-cycling old furniture and items to the new designer and stylish furniture at a lower cost. The ownership model for this business will be sole proprietorship as it will lead to lesser legal implications and lesser capital and can be easily started from home itself without the requirement of separate premises for the business.The new idea is validated by defining the target market, competitors, cost incurred, the risk involved and the environmental factors.At last the recommendations and conclusion are provided considering the market potential of business idea in Australia.
Hi as you can see this my fundamentals of Entrepreneurship. So in this assessment you have to come up with a new business idea which can be implemented in Australia. As you will read the assessment outline all the details are clearly mentioned so strictly please go through it. Further marking rubric is also mentioned so you have to provide the solution according to that only. The referencing stylr should be Harvard referencing style with in text and End of text referencing. The language used throught out the solution should be simple English no complex language please. There should be atleast 3 academic references and 5 non acadameic references though it is not mentioned but I know the total number of references to be mentioned. As you see it is worth 30 percent so please provide a solution that scores good grades. Important thing that the due date is of 12th August monday but if you provide me by 13th August Tuesday that is fine but please dont rush and spoil the solution. I am also sending you workshop 1 to 4 files via email please have a look to have good understanding.
Argument conclusion and justification for idea Showed proof of ownership (6 marks) o Draws together the key findings of the analysis comprehensively and convincingly. o Excellent evaluations with succinct & highly developed recommendations. Document structure and presentation (5 marks) o Writing is consistently cohesive and of excellent academic and professional standard. o Grammar and spelling are flawless (or close enough) t. o Seamless flow between discussion points and sections. o Document is professionally presented to required formatting standards. o In-text referencing and reference list are correct.
Criteria HD (High Distinction) 85%-100% Introduction (7 marks) o Comprehensive statement of aims and scope. Research and analytical skill for your idea. Show market application and relevance (12 marks) o Critically analyses and interprets business specific information to an excellent level of understanding. o Analysis clearly identifies, defines and applies relevant theories and concepts. o Extensive research is evident; quality selection and range of scholarly sources employed.
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