Unit 9: Entrepreneurship and Small Business Management (ESBM) Assignment Answers

Unit 9: Entrepreneurship and Small Business Management

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Entrepreneurship-and-Small-Business-Management

Assignment Brief

Word: 2000- 2500

Course: HND Business

Referencing Style: Harvard

Font: Times New Roman

Deadline: As Per Required

 

Task 1

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

LO2: Assess the impact of SME businesses on the UK economy.

 

Vocational Scenario

You currently work for a consultancy firm that provides advice and market intelligence to small businesses and entrepreneurs. As a part of promoting the concept of small businesses and entrepreneurship, you have been tasked to prepare a report covering the following:

  • (1) Carefully examine the various types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship.
  • (2) Explore the key similarities and differences between the different types of entrepreneurial ventures discussed in (1) Also, investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector. In addition, critically examine the scope, development and growth of the different entrepreneurial ventures you have discussed
  • (3) Using the information from government databases, collect, Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy. Also, evaluate the key impact that small, medium and large businesses make to the economy
  • (4) Explain the significance of small businesses and business start-ups to the growth of the social economy. Additionally, critically examine how small businesses have an impact on different levels of the economy (i.e. local, regional, national) and in an international context.

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Task 2

LO3 Determine and assess the key aspects of an entrepreneurial mindset

Vocational Scenario

Continuing from Assignment 1, in your role at the consultancy firm you have been asked by the CEO to work with your colleagues to present on the topic ‘The Mindset of the Entrepreneur at the annual Business Start-up Show in London. You need to write a report that addresses the following requirements.

Requirements:

  • (5) Determine the key characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers. Also, explore and examine the different lines of argument in the literature relating to entrepreneurial characteristics.
  • (6) Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset. In addition, analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples of your choice.

Task 3

LO4 Examine the different environments that foster or hinder entrepreneurship

You need to write a report and produce power point slides to be presented in class, which address the following requirement.

The submission is in the form of a PowerPoint presentation slides and report. The presentation slides and speaker notes should be submitted as one copy. You are required to make effective use of PowerPoint headings, paragraphs and subsections as appropriate. Your research should be referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 500 words +/- 10%, including speaker notes, although you will not be penalised for exceeding the total word limit.

Requirements:

  • (7) Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship. You may need to also consider analyzing the link between entrepreneurial characteristics and the influence of personal background and experience to specific successful entrepreneurs. Finally, critically evaluate how background and experience influences entrepreneurs, both positively and negatively, by comparing and contrasting examples.
Pass Merit Distinction
LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial
P1 Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship.

P2 Explore the similarities and differences between entrepreneurial ventures.

M1 Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector. D1 Critically examine the scope, development and growth of entrepreneurial ventures.
LO2 Assess the impact of small businesses on the economy
P3 Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy.

P4 Explain the importance of small businesses and business start-ups to the growth of the social economy.

M2 Evaluate the differences small, medium and large businesses make to the economy, applying relevant data and statistics. D2 Critically examine how small businesses have an impact on different levels of the economy (local, regional, national) and in an international context.
LO3 Determine and assess the key aspects of an entrepreneurial mindset
P5 Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers.

P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset.

M3 Explore and examine different lines of argument relating to entrepreneurial characteristics. D3 Analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples.
LO4 Examine the different environments that foster or hinder entrepreneurship
P7 Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship. M4 Analyse the link between entrepreneurial characteristics and the influence of personal background and experience to specific successful entrepreneurs. D4 Critically evaluate how background and experience influences entrepreneurs, both positively and negatively, by comparing and contrasting examples.

 

Appendix A: Plagiarism and Collusion:

Any act of plagiarism and collusion will be seriously dealt with according to the regulations. In this context the definition and scope of plagiarism are presented below:

“Using the work of others without acknowledging source of information or inspiration, although you may paraphrase, the result is still plagiarism” (Cortell, 2003). Please ensure you apply in-text referencing within your assignment to support all information extracted from any published work.

Collusion is when two or more people combine to produce a piece of work for an assessment that is passed off as the work of one alone. For example, one student has copied the work of another, or where a joint effort has taken place in producing what should have been an individual effort.

 

Appendix B: Harvard Referencing System (HRS):

Any information that is not of your own needs to be referenced, plagiarising from someone else’s work can be unintentional if you are unaware of the rules of acknowledging and referencing direct quotations.

The Harvard system requires you to acknowledge certain information that is mainly the surname and the year of publication within the text, for example:

According to Bell (1999) – as you write up your assignment you will use a citation to indicate in your text the source of information provided.

The authors and publication information cited within the main body of your work must be listed in the reference list (This will be at the end of your assignment) for example:

 

 

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