| Higher Nationals Assignment Brief | |
| Qualification Title | Pearson BTec Level 5 Higher National Diploma in Business |
| Unit Number and Title | Unit 9 Entrepreneurial Ventures |
| Assignment Title | Entrepreneurial Ventures |
| Submission format | The submission is in the form of a report. The report must be clearly worded and well-structured and should make use of appropriate business language and terminology. The word count is 3000–3,500 words, although you will not be penalised for going under or exceeding the total word limit. A bibliography should be provided using the Harvard referencing system. Inaccurate use of referencing may lead to issues of plagiarism if not applied correctly. |
| LO1 | Examine what it takes to be an entrepreneur and the scope of entrepreneurial ventures. |
| LO2 | Explore the concept of the entrepreneurial mindset and its contribution to entrepreneurial ventures. |
| LO3 | Assess the impact of SME (small medium enterprise) on the economy. |
| LO4 | Explain the importance of intrapreneurship in both public and corporate organisations. |
| Vocationa Scenario | You are working as an enterprise analyst at ‘Recover Mania’, a small recyclable clothing brand which aims to promote sustainability and reduce pollution and environmental harm. It aims to be the number 1 clothing brand in the UK by 2050. They currently employ 5 energetic and passionate staff and have a turnover of 1.5 million pounds per annum. Recover Mania hopes to expand nationally, opening at least 5 retail outlets across the UK. However, they have exceeded their resources and looking for an investor to ignite their brand. One of their main issues are to determine the characteristics needed for Recover Mania to remain successful. To establish this, they will need to investigate how other environmentally friendly fashion brands such as Pact prosper in their business. As they aim to expand nationally, Recover Mania will need to undergo an investigation on how their business will contribute to the economy on an international, national, local, and regional level. |
| Assignment activity and guidance | |
| You have been asked to write a report to investigate and critically examine entrepreneurial ventures e.g., technology, social enterprise, the traits, characteristics, and mindset associated with entrepreneurship, using a range of examples. The report should include an evaluation of the similarities and differences between those ventures and their contribution to an entrepreneurial mindset i.e., lifestyle, growth firms, innovation and what it can bring to a new venture. | |
| i) | Assess the impacts of two businesses, Recover Mania, and Pact on an international, national, regional and local levels using appropriate data and statistics. You should interpret relevant data and statistics and compare the difference between Recover Mania and Pact (micro, small, medium, and large businesses) and their impact on the economies. |
| ii) |
Finally, you should evaluate the use of intrapreneurship and the benefits it can bring to ‘
Recover Mania’. The evaluation should include: • the differences and similarities between the public and corporate intrapreneurship. • the benefits of intrapreneurship and its contribution to competitive advantage in ‘Recover Mania’, (i.e., importance of innovation, sustainability, and adaptability in business). Provide some examples. |
In order to pass this unit, the evidence that the learner presents for assessment needs to demonstrate that they can meet all the learning outcomes for the unit. The assessment criteria for a pass grade describe the level of achievement required to pass this unit.
| Assessment and grading criteria | |||||
| To achieve a pass grade the evidence must show that the learner able to: | To achieve a merit grade the evidence must show that, in addition to the pass criteria, the learner is able to: | To achieve a distinction grade the evidence must show that, in addition to the pass and merit criteria, the learner is able to: | |||
| P1 | Investigate the scope of entrepreneurial ventures, using a variety of examples. | M1 | Evaluate the similarities and differences between entrepreneurial ventures and the traits and characteristics of entrepreneurs in those ventures. | D1 | Critically examine entrepreneurial ventures the traits, characteristics and mindset associated with entrepreneurship, using a range of examples. |
| P2 | Examine the traits and characteristics associated with entrepreneurship | ||||
| P3 | Explain what is meant by an ‘entrepreneurial mindset’. | M2 | Determine the ways in which the entrepreneurial mindset can be encouraged and what it can bring to a new venture. | ||
| P4 | Examine skills and characteristics associated with an entrepreneurial mindset. | ||||
| P5 | Interpret relevant data and statistics to relate how micro and small business ventures impact the economy at different levels. | M3 | Using relevant data and statistics, compare the differences between micro-, small-, medium-, and large business and their impact on the economy. | D2 | Appraise impacts of different businesses on different levels (international, national, regional, local) of the economy using appropriate data and statistics. |
| P6 | Discuss the differences and similarities between public and corporate intrapreneurship. | M4 | Explore the benefits of intrapreneurship and its contribution to competitive advantage in organisations. | D3 | Evaluate the use of intrapreneurship and the benefits it can bring to organisations. |
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