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Assignment Brief (RQF)

Assignment Brief (RQF)


Higher National Certificate/Diploma in Business
Student Name/ID Number:

Unit Number and Title: Unit 09: Entrepreneurship and Small Business Management

Academic Year: Jan-Marchc 2019

Unit Assessor: Raja Sohaib

Assignment Title: Entrepreneurship Mindset

Issue Date: 14-01-2019

Submission Date:

Internal Verifier Name: Malik Abdul Naveed Awan

Date:

Submission Format:

This submission should be written in a concise, formal business style using single spacing
and font size 12. You are required to make use of headings, paragraphs, subsections and
illustrations 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 5,000 to 6,000 words,
although you will not be penalised for exceeding the total word limit.

Unit 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.
3 Determine and assess the key aspects of an entrepreneurial mindset.
4 Examine the different environments that foster or hinder entrepreneurship.
Assignment Brief and Guidance:

Scenario

Unit 09: Entrepreneurship and Small Business Management


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Assignment Brief (RQF)

You currently work for a consultancy firm that provides advice and business intelligence services to
smallbusinesses and entrepreneurs. Small business and entrepreneurs are very critical in the success on
the modern economy. You have been tasked by your senior manager to investigating different types of
business ventures and their impact upon the economy. This should be presented in report from.

This is a mini research project that is based on a range of different examples, one of
which should be a local business.You should choose one example of each type of entrepreneurship, at
least one of which shouldbe a local business. You must describe and compare different environments
for each of yourexamples and evaluate their impact on the economy at different levels.
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.

Your report MUST include the following points,

1). Describe the entrepreneurship, entrepreneurial activity and enterprise. Also include the differences
between serial entrepreneurs, intrapreneurs and owner-managers.

2).Explore the concept of Entrepreneurship in a corporate or public sector context.

3). Investigating different types of business ventures.


(You should use a range of different examples, one of which should be a local business.)

4). Critically examine type of small firms and their contribution to the economy at national, regional
and local level.

(Factors can be considered: size, turnover, profit, rate of growth, innovation, sustainability and
adaptability.)

5).Analyze the Entrepreneurial characteristics and mindset, Skills set of the entrepreneur and Personal
entrepreneurial tendency by using specific examples.

6). Evaluate how background and experiences either hinder or foster entrepreneurship negatively or
positively using specific examples.

Unit 09: Entrepreneurship and Small Business Management


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Assignment Brief (RQF)

Learning Outcomes and Assessment Criteria

Learning Outcomes and Assessment Criteria


Pass Merit Distinction
LO1 Explore and illustrate the range of venture types D1 Critically examine the
that might be considered entrepreneurial scope, development and
growth of entrepreneurial
P1 Examine different types of M1 Investigate a diverse ventures.
entrepreneurial ventures and range of entrepreneurial
explain how they relate to the ventures to demonstrate an
typology of entrepreneurship. understanding of
entrepreneurship in both
P2 Explore the similarities
the public and corporate
and differences between
sector.
entrepreneurial ventures.
LO2 Assess the impact of small businesses on the D2 Critically examine how
economy small businesses have an
impact on different levels of
P3 Interpret and assess M2 Evaluate the differences the economy (local, regional,
relevant data and statistics to small, medium and large national) and in an
illustrate how micro and small businesses make to the international context.
businesses impact on the economy, applying relevant
economy. data and statistics.
P4 Explain the importance of
small businesses and
business start-ups to the
growth of the social
economy.
LO3 Determine and assess the key aspects of an D3 Analyse the characteristic
entrepreneurial mindset traits, skills and motivational
drivers of successful
P5 Determine the M3 Explore and examine entrepreneurs, supported by
characteristic traits and skills different lines of argument specific examples.
of successful entrepreneurs relating to entrepreneurial
that differentiate them from characteristics.
other business managers.
P6 Assess how aspects of
the entrepreneurial
personality reflect
entrepreneurial motivation
and mindset.
LO4 Examine the different environments that foster or D4 Critically evaluate how
hinder entrepreneurship background and experience
influences entrepreneurs,
P7 Examine, using relevant M4 Analyse the link both positively and
examples, how background between entrepreneurial negatively, by comparing
Unit 09: Entrepreneurship and Small Business Management
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Assignment Brief (RQF)

and experience can hinder or characteristics and the and contrasting examples.
foster entrepreneurship. influence of personal
background and experience
to specific successful
entrepreneurs.

Recommended Resources
BURNS, P (2011) Entrepreneurship and Small Business. 3rd Ed. Basingstoke: Palgrave
MacMillan.
DOWN, S. (2010) Enterprise, Entrepreneurship and Small Business. London: Sage.
CARTER, S. and JONES-EVANS, D. (2012) Enterprise and Small Business: Principles,
Practice and Policy. London: Pearson.
GRIFFITHS, A. and WALL, S. (2011) Economics for Business and Management. 3rd Ed.
Harlow: Pearson.
Journals
Journal of Small Business Management. Oxford: Wiley-Blackwell.
(http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1540-627X)
Websites
The Institute for Small Business and Entrepreneurship (ISBE)
website: www.isbe.org.uk
Links This unit links to the following related units:
This unit links to the following related units:
Unit 1: Business and the Business Environment
Unit 27: Identifying Entrepreneurial Opportunities
Unit 28: Launching a New Venture Unit
29: Managing and Running a Small Business

Unit 09: Entrepreneurship and Small Business Management


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