ASSIGNMENT BRIEF

QUALIFICATION UNIT NUMBER AND TITLE

PEARSON BTEC HIGHER NATIONAL DIPLOMA IN BUSINESS (RQF) 09. ENTREPRENEURSHIP & SMALL BUSINESS MANAGEMENT (LEVEL 4)
INTERNAL VERIFIER UNIT TUTOR

DATE ISSUED SUBMISSION DATE RESUBMISSION DATE

TH TH ST
16 APR 2021 07 JUN 2021 21 JUN 2021

ASSIGNMENT TITLE THE FIRST OF ITS KIND ENTREPRENEURIAL VENTURE

LEARNING OUTCOME AND ASSESSMENT CRITERIA

PASS MERIT DISTINCTION
LO1 EXPLORE AND ILLUSTRATE THE RANGE OF VENTURE TYPES THAT MIGHT BE CONSIDERED
ENTRPRENEURIAL
P1 EXAMINE DIFFERENT TYPES OF D1 PROVIDE A CRITICAL ANALYSIS OF THE
ENTREPRENEURIAL VENTURES AND EXPLAIN HOW M1 INVESTIGATE A DIVERSE RANGE OF COMPLEXITIES OF DIFFERENT TYPES OF BUSINESS
THEY RELATE TO THE TYPOLOGY OF ENTREPRENEURIAL VENTURES TO DEMONSTRATE STRUCTURES AND THE INTERRELATIONSHIPS OF
ENTREPRENEURSHIP. AN UNDERSTANDING OF ENTREPRENEURSHIP IN THE DIFFERENT ORGANISATIONAL FUNCTIONS.
P2 EXPLORE THE SIMILARITIES AND DIFFERENCES BOTH THE PUBLIC AND CORPORATE SECTOR.
BETWEEN ENTREPRENEURIAL VENTURES.
LO2 ASSESS THE IMPACT OF SMALL BUSINESSES ON THE ECONOMY
P3 INTERPRET AND ASSESS RELEVANT DATA AND
D2 CRITICALLY EXAMINE HOW SMALL BUSINESSES
STATISTICS TO ILLUSTRATE HOW MICRO AND
M2 EVALUATE THE DIFFERENCES SMALL, MEDIUM HAVE AN IMPACT ON DIFFERENT LEVELS OF THE
SMALL BUSINESSES IMPACT ON THE ECONOMY.
AND LARGE BUSINESSES MAKE TO THE ECONOMY, ECONOMY (LOCAL, REGIONAL, NATIONAL) AND IN
P4 EXPLAIN THE IMPORTANCE OF SMALL
APPLYING RELEVANT DATA AND STATISTICS. AN INTERNATIONAL CONTEXT.
BUSINESSES AND BUSINESS START-UPS TO THE
GROWTH OF THE SOCIAL ECONOMY.
LO3 DETERMINE AND ASSESS THE KEY ASPECTS OF AN ENTREPRENEURIAL MINDSET
P5 DETERMINE THE CHARACTERISTIC TRAITS AND
SKILLS OF SUCCESSFUL ENTREPRENEURS THAT
D3 CRITICALLY EVALUATE THE IMPACTS THAT
DIFFERENTIATE THEM FROM OTHER BUSINESS M3 EXPLORE AND EXAMINE DIFFERENT LINES OF
BOTH MACRO AND MICRO FACTORS HAVE UPON
MANAGERS. ARGUMENT RELATING TO ENTREPRENEURIAL
BUSINESS OBJECTIVES AND DECISION-MAKING.
P6 ASSESS HOW ASPECTS OF THE CHARACTERISTICS.
ENTREPRENEURIAL PERSONALITY REFLECT
ENTREPRENEURIAL MOTIVATION AND MINDSET.
LO4 EXAMINE THE DIFFERENT ENVIRONMENTS THAT FOSTER OR HINDER ENTREPRENEURSHIP
M4 ANALYSE THE LINK BETWEEN D4 CRITICALLY EVALUATE HOW BACKGROUND
P7 EXAMINE, USING RELEVANT EXAMPLES, HOW ENTREPRENEURIAL CHARACTERISTICS AND THE AND EXPERIENCE INFLUENCES ENTREPRENEURS,
BACKGROUND AND EXPERIENCE CAN HINDER OR INFLUENCE OF PERSONAL BACKGROUND AND BOTH POSITIVELY AND NEGATIVELY, BY
FOSTER ENTREPRENEURSHIP. EXPERIENCE TO SPECIFIC SUCCESSFUL COMPARING AND CONTRASTING EXAMPLES.
ENTREPRENEURS.

SUBMISSION FORMAT
THE SUBMISSION IS IN THE FORM OF THREE WRITTEN REPORTS.

THE REPORTS SHOULD BE WRITTEN IN A CONCISE, FORMAL BUSINESS STYLE USING SINGLE SPACING AND FONT STYLE CALIBRI AND SIZE 11. 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
SPECIFIED.

ASSIGNMENT SCENARIO AND GUIDANCE

Scenario

According to Global Entrepreneurship Monitor’s 2017-18 report, Pakistan lags in start-ups, with less than half the rate of early-
stage entrepreneurial activity found in other factor-driven economies. Part of the problem is that most young people coming
out of universities prefer searching for a job instead of exploring entrepreneurial career opportunities. Beside these facts, still
many entrepreneurial ventures started up in recent years in technologies, food businesses, online shopping concepts, digital
marketing, transportation services etc.

Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business.
The people who create these businesses are called entrepreneurs. It provides The freedom to pursue your own vision, the
control and flexibility you have over your own time, the opportunity to learn and gain knowledge, the highs and lows of self-
employment. The sense of pride and fulfilment in accomplishing things. A major disadvantage to being an entrepreneur is that
it requires more work and longer hours than being an employee besides taking high risk to introduce new and innovate idea of
product/service.
You will be required to conduct primary research on your choice of entrepreneurial venture and conduct primary and/or
secondary research on different type of entrepreneurial ventures from the same industry. The research will aim to compare the
different ventures within their different environments.
TASK 1 - (LO1)

While developing a comprehensive report on your chosen entrepreneurship entity classify it as a specific type of
entrepreneurial venture. Identify other local/international such set-ups in the country with the same product range but
belonging to a different category of entrepreneurial ventures. Explain how they relate to the typology of entrepreneurship. Find
similarities and differences between the selected entrepreneurial ventures. C LASSIFY DIFFERENT ENTREPRENEURSHIP VENTURES STUDIED
ABOVE WHETHER BELONGING TO PUBLIC AND/OR PRIVATE SECTOR, AND IDENTIFY THE MAIN DIFFERENCES. PAKISTAN IS A DEVELOPING COUNTRY, CONDUCT AN
INDEPTH ANALYSIS OF THE SCOPE, DEVELOPMENT AND GROWTH OF START-UPS IN PAKISTAN, BY LOOKING AT THE SUCCESS AND FAILURE RATE OF THE
CONTEMPORARY START-UPS, INCLUDING THOSE DISCUSSED ABOVE AND BEYOND.

TASK 2 - (LO3 AND LO4)

Successful entrepreneurs bring distinctive traits and skills into their start-ups. Conclude the traits, skills and resources of
successful entrepreneurs that differentiate them from other managers. Consider factors like risk-taking attitude and
aggressiveness of the entrepreneurs. Apply these determined traits on the founder of yours selected entrepreneurship venture.
Assess how aspects of entrepreneurial personality identified above reflect entrepreneurial motivation and mind-set. Discuss
this further with reference to the entrepreneurs studied in task-1.

ADDITIONALLY, EXPLORE AND EXAMINE THE DIFFERENT LINES OF ARGUMENT RELATING TO ENTREPRENEURIAL CHARACTERISTICS, I.E. ARE LEADERS BORN OR
MADE, OR CAN THESE TRAITS BE LEARNT BY ANYONE. CONDUCT A DEPTH ANALYSE THE TRAITS, SKILLS AND MOTIVATIONAL DRIVERS OF SUCCESSFUL
ENTRPRENEURS, SUPPORTED BY SPECIFIC EXAMPLES IDENTIFIED PREVIOUSLY. FURTHER, Examine how background and experience can hinder or
foster entrepreneurship. Support your account with examples from the stated industry and beyond, ANALYSE THE LINK BETWEEN
ENTREPRENEURIAL CHARACTERISTICS AND THE INFLUENCE OF PERSONAL BACKGROUND AND EXPERIENCE TO SPECIFIC SUCCESSFUL ETREPRENEURS , INCLUDING
BUT NOT RESTRICTED TO THE SELECTED INDUSTRY. AT THE END OF TASK-2, CRITICALLY EVALUATE HOW BACKGROUND AND EXPERIENCE INFLUENCES
ENTREPRENEURS, BOTH POSITIVELY AND NEGATIVELY, BY COMPARING AND CONTRASTING EXAMPLES, INCLUDING BUT NOT RESTRICTED TO THE SELECTED
INDUSTRY.

TASK 3 – (LO2)
It is widely believed that entrepreneurship is beneficial for economic growth and development. Entrepreneurship has been
remarkably resurgent over the past three decades in countries that have achieved substantial poverty reduction, such as China.
Do a depth analysis and specify how do entrepreneurial ventures affect the country’s economy? Gather and analyse relevant
data to assess such impact in Pakistan, and in other countries. Give examples of different entrepreneurships from different
industries. How do small businesses and business start-ups affect the social economy? Identify any entrepreneurial ventures
from the stated industry that form part of the social economy. What is their impact on the social economy? Also EVALUATE THE
VALUE IMPACT OF THE SMALL AND MEDIUM ENTREPRENEURIAL VENTURES ON PAKISTAN’S ECONOMY, USING RELEVANT STATISTICS AND DATA. AT THE END
CRITICALLY EXAMINE HOW THESE ENTREPRENEURIAL VENTURES HAVE AN IMPACT ON DIFFERENT LEVELS OF PAKISTAN’S ECONOMY (LOCAL, REGIONAL,
NATIONAL) AND IN AN INTERNATIONAL CONTEXT, WITH SPECIAL REFERENECE TO THE STATED INDUSTRY.
EVIDENCE CHECKLIST SUMMARY OF EVIDENCE REQUIRED BY STUDENT
TASK 1 - 3 Reports