Assignment Brief (RQF)

Assignment Brief (RQF)

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

Unit 09: Entrepreneurship and Small Business

Unit Number and Title:
Management

Academic Year: Jan-March 2019

Unit Assessor: Mr. Awais Arshad

Assignment Title: Entrepreneurship Mindset

Issue Date: 14-01-2019

Submission Date: 22-03-2019

Internal Verifier Name: Mr. 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.

Unit 09: Entrepreneurship and Small Business Management

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 Assignment Brief (RQF)

Assignment Brief and Guidance:

Scenario

You currently work for a consultancy firm that provides advice and business intelligence services to
small businesses 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 should be a local business. You must describe and compare different environments
for each of your examples 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.

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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 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.
D1 Critically examine the scope,
development and growth of
entrepreneurial ventures.
M1 Investigate a diverse range of
entrepreneurial ventures to
demonstrate an understanding of
entrepreneurship in both the
public and corporate sector.

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 D3 Analyse the characteristic
mindset traits, skills and motivational
drivers of successful
P5 Determine the characteristic M3 Explore and examine entrepreneurs, supported by
traits and skills of successful different lines of argument specific examples.
entrepreneurs that differentiate relating to entrepreneurial
them from other business characteristics.
managers.
P6 Assess how aspects of the
entrepreneurial personality reflect
entrepreneurial motivation and
mindset.

LO4 Examine the different environments that foster or hinder D4 Critically evaluate how
entrepreneurship background and experience
influences entrepreneurs, both
P7 Examine, using relevant M4 Analyse the link between positively and negatively, by
examples, how background and entrepreneurial characteristics comparing and contrasting
experience can hinder or foster and the influence of personal examples.
entrepreneurship. background and experience to
specific successful entrepreneurs.

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 Assignment Brief (RQF)

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

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