BUSINESS 

Assessor’s Name

Pass

Merit

Distinction

Grades Awarded (P1, P2, P3, P4, P5, P5, P7, M1, M2, M3, M4, D1, D2, D3, D4)

LO1 Examine what it takes to be an entrepreneur and the scope of entrepreneurial ventures

P1 Investigate the scope of entrepreneurial ventures, using a variety of examples.

P2 Examine the traits and characteristics associated with entrepreneurship   

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. 

P1 Achieved / Not Achieved

P2 Achieved / Not Achieved

M1 Achieved / Not Achieved

D1 Achieved / Not Achieved

LO2 Explore the concept of the entrepreneurial mindset and its contribution to entrepreneurial ventures

P3 Explain what is meant by an ‘entrepreneurial mindset’.

P4 Examine skills and characteristics associated with an entrepreneurial mindset.

M2 Determine the ways in which the entrepreneurial mindset can be encouraged and what it can bring to a new venture.

P3 Achieved / Not Achieved

P4 Achieved / Not Achieved

M2 Achieved / Not Achieved

 LO3. Assess the impact of SMEs (small medium enterprises) on the economy 

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. 

P5 Achieved / Not Achieved

M3 Achieved / Not Achieved

D2 Achieved / Not Achieved

LO4 Explain the importance of intrapreneurship in both public and corporate organisations

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.

P6 Achieved / Not Achieved

M4 Achieved / Not Achieved

D3 Achieved / Not Achieved

Assignment title

Entrepreneurial Ventures, Its impact and scope.

Scenario:

A business incubator named The BIG-START in UAE is planning to hire a candidate who has a good analytical mindset in the field of entrepreneurship. You have been shortlisted for the interview and as per the interview guidelines you need to make a report considering the key points:

1. Examine what it takes to be an entrepreneur and the scope of entrepreneurial ventures.
2. Explore the concept of the entrepreneurial mindset and its contribution to entrepreneurial ventures.
3. Assess the impact of SMEs (small medium enterprises) on the economy.
4. Explain the importance of intrapreneurship in both public and corporate organisations.

The report should include the following:

1. Critically examine different types of entrepreneurial ventures, evaluate the similarities and differences between the venture types and provide its scope.
2. Research a series of entrepreneurs to examine the traits, skills and characteristics associated with entrepreneurial mindset using a variety of examples.
3. Determine the ways in which the entrepreneurial mindset can be encouraged and its contribution to a new venture.
4. Compare the differences between micro, small, medium and large business and Appraise impacts of these business on different levels (International, National, Regional, Local) of the economy, interpret using appropriate data and statistics.
5. Explore and evaluate the use and benefits of intrapreneurship to the organizations.
6. Discuss the difference and similarities between public and corporate intrapreneurship.