Entrepreneurship and Innovation Assignment

127 views 7:30 am 0 Comments July 18, 2023

Scenario

There is no scenario for this assignment, you are yourself and need to show entrepreneurship skillsSample Page

Task 1 of 3 – Business idea pitch (AC1.2 and 1.3)

Instructions:

You are to propose three business ideas for this assignment which could then be explored further in a presentation to your class. Feedback from the class for each idea should be summarised as peer evaluation.

  1. Review what make a successful commercial or social entrepreneur and evaluate your own skills and attributes in that area.
  2. Propose the business ideas and assess the challenges that goes with them.

Delivery:

  • 1x 10 minutes presentation in front of the whole class

Submission:

  • 1x PowerPoint slide (or poster’s photo)
  • 3x Peer Review forms

Referencing:

  • Each PowerPoint must reflect any supporting Harvard style citations.
  • A comprehensive Harvard style reference list must be included at the end of the presentation

Task 2 of 3 – Business plan (AC3.1, 3.2, 3.3, 4.1, 4.2 and 4.3)

Instructions:

Analyse the 3 business ideas and select the one that is most likely to succeed and create a business plan (including marketing and financing). As such you should produce a business plan in which you should:

  • Summarise and analyse the selected business idea
  • Analyse the production and marketing feasibility for the selected idea
  • Produce business planning forecast using financial techniques
  • Produce a marketing plan
  • Develop a control and monitoring mechanism for the business plan.

Delivery and submission:

  • 1x business plan (circa 3000 words excluding appendices)

Referencing:

  • Each section must reflect any supporting Harvard style citations.
  • A comprehensive Harvard style reference list must be included at the end of the work.

Task 3 of 3 – Reflections (AC1.1, 2.1, 2.2 and 2.3)

Instructions:

You should now reflect on entrepreneurship based on this experience and using the appropriate literature. Your reflections should:

  • Critically analyse the nature, characteristic and challenges of establishing different kind of enterprise and how you individually as a future manager could encourage creativity, innovation and changes
  • With reference to one or more organisation, identify potential creative and innovative management ideas that could contribute to encourage creativity in the organisation
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