Ntrepreneurship and Business Management (III)

Entrepreneurship and Business Management (III)

Module Descriptions
Entrepreneurs and small firms are lifeblood of an economy, and make an increasing contribution to innovation, wealth creation and employment. This module will provide a detail insight into the concepts of entrepreneurship and new venture management, covering a range of areas from the role of the small firm in the economy to a discussion of elements of business plan.

Module Objectives
The module provides an insight into entrepreneurship and small business development. It provides the student with both a theoretical background and practical relevance of entrepreneurship and small business management. More specifically, the course aims to:

” Introduce the concept of the small business by examining how such organisations are defined
” Consider the impact of self-employment, understand the important contribution of small firms to the economy and anticipate trends
” Identify the general patterns of small firms development
” Understand the extensive network of support available to the small firm sector
” Examine the various types of relationship that exists between large and small firms
” Appreciate the different types of entrepreneur that exist and their role in society understand different routes into small firm employment  franchising, buying a business and new venture start-up

Learning Outcome: On completion of this module students should be able to:
 Define a small business, and recognise the strength and weaknesses associated with the management of a small business
 Appreciate the different contributions that the self employed and small firms have made to a variety of economies throughout the world and begin to assess the different economic and demographic changes that will affect the growth of small businesses over the next decade
 Identify the main differences between entrepreneurship and intrapreneurship
 Understand the barriers to intrapreneurship within an organisation
 Understand the benefits of e-commerce to small firms
 Understand the main characteristics that make up the entrepreneur

Assignment s Requirement and Specification: You are required to undertakes the following tasks:
 It is primarily to show understanding of key concepts, theories, or models for this order and apply or link them to business reality or your personal experience to facilitate your learning.
 Be assertive to draw conclusions for your analyses and evaluations.
 You are strongly encouraged to reflect on your own managerial experiences, if you have, in developing business strategy in your organisation.
 Besides searching for literature or publications, you may consider interviewing managers in the organisation selected.

 Please bear in mind this is an analytical assignment order, therefore you must able to evaluate, contrast and compare.
 You must be able to hold the reader s interest with in-depth critic analyses and be insightful and enlightening thoughts.

 This assignment is an analytical based order. Hence, you are required to use materials or supporting evidence from research publications or business journals or report newspapers or business magazines or annual reports or internet articles to support justification, argument and discussion to answer the below questions in relation to the business organisations, in order to submit the assignment with the following contents and relevant details.

 Or alternatively, use the recommended textbook:
 Kuratko, Donald F. & Hodgetts, Richard M., (2007),
Entrepreneurship: theory/process/practise, 7th edition, Thomson South-Western
And / Or
 Kirby, David A. (2003), Entrepreneurship, McGraw-Hill Education (UK)

 When writing this exam model answers, remember that clarity, ease of understanding, logical flow of materials covered will enhance the value of the content and the way in which your contribution to the organization is viewed.

You encourage being selective and focusing on what you see as important. Answers must have clarity, well-structured, well-flow of layout, state, explain and citied examples, answers of theory(s) and concepts must be well spread out in individually sentences / paragraph (do not cluster the answers).

Answer all the questions each in at least 1000 words or more.
Use the following Answering Format stated in each questions to answer.

Question 1 Entrepreneurship and the Economy
Some commentators argue that the Internet offers a solution to the resource poverty that faces entrepreneurs and small firms. Explain this poverty and indicate, with examples, how the Internet may be an opportunity or a threat. (1000 words or more)

ANSWERING FORMAT
 PLEASE ANSWER DIRECTLY TO THE QUESTION
” Explain this solution to the resource poverty
” Indicate with examples, how the Internet may be an opportunity.
” Indicate with examples, how the Internet may be a threat.
 CONCLUSION
Summaries and conclude the usefulness of internet that offers opportunity and solution to the resource poverty that faces by entrepreneurs and small firms.

Question 2 Theory of Entrepreneurship
You are asked to give a talk entitled  Are entrepreneurs born or can they be bred? Indicate which of the  born or  bred positions you support, justifying your view with material covered in the module. (1000 words or more)

ANSWERING FORMAT
 PLEASE ANSWER DIRECTLY TO THE QUESTION
” Explain and give the definition of entrepreneurs.
”  Are entrepreneurs born or can they be bred?
” Indicate and support  born position by justifying your views with material covered in the module. For example, & because of their special characteristics, personally, traits, psychological, mindset, attributes and other uniqueness that are inborn in them.
 CONCLUSION
Explain logically why entrepreneurs cannot not be  bred
Summaries and conclude positively that why most successful entrepreneurs are  born

Question 3 Entrepreneurship and Intrapreneurship
Organisations that have been established for some time are increasingly recognising the need to adjust their operations to suit the changing external environment. Compare the role and characteristics of the intrapreneur with that of the entrepreneur, indicating how an existing organisation should support & encourage entrepreneurship. (1000 words or more)

Assisting web sources: html
(Intrapreneurship concept and theories developed by Gifford Pinchot)

ANSWERING FORMAT
 PLEASE ANSWER DIRECTLY TO THE QUESTION
” Explain and give the definition of Intrapreneur
” Explain why have organisations increasingly recognising of the need to adjust their operations to suit the changing external environment.
” Compare the characteristics of the intrapreneur with that of the entrepreneur.
” Compare the role of the intrapreneur with that of the entrepreneur.

 CONCLUSION
Be assertive to draw conclusions for your analyses and evaluations by indicating how an existing organisation should support and encourage intrapreneurship.

* Please also refer to attachment in the message box for order details and information.