: Entrepreneurship and Small Business Management

Task 1:

LO1 Explore and illustrate the range of venture types that might be considered entrepreneurial.

1.1Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship. –(P1)

1.2Explore the similarities and differences between entrepreneurial ventures. –(P2)

1.3Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both the public and corporate sector. –(M1)

1.4Critically examine the scope, development and growth of entrepreneurial ventures. –(D1)

Tasks 2

LO2 Assess the impact of small businesses on the economy.

1.1Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy. –(P3)

1.2Explain the importance of small businesses and business start-ups to the growth of the social economy. –(P4)

1.3Evaluate the differences that small, medium and large businesses make to the economy, applying relevant data and statistics.–(M2)

1.4Critically examine how small businesses have an impact on different levels of the economy in a local, regional, national and international context. –(D2)

LO3 Determine and assess the key aspects of an entrepreneurial mindset.

3.1Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers. –(P5)

3.2Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset. –(P6)

3.3Explore and examine different lines of argument relating to entrepreneurial characteristics.–(M3)

3.4Analyse the characteristic traits, skills and motivational drivers of successful entrepreneurs, supported by specific examples. –(D3)

Tasks 4:

LO4 Examine the different environments that foster or hinder entrepreneurship.

1.1Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship. –(P7)

1.2Analyse the link between entrepreneurial characteristics and the influence of personal background and experience to specific successful entrepreneurs. –(M4)

Critically evaluate how background and experience influences entrepreneurs, both positively and negatively, by comparing and contrasting examples. –(D4