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Unit Number and Title: Unit 09: Entrepreneurship and Small Business Management
Submission Date:
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.
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.
Assignment Brief and Guidance:
Scenario
You currently work for a consultancy firm that provides advice and business intelligence services to
smallbusinesses 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 shouldbe a local business. You must describe and compare different environments
for each of yourexamples 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.
1). Describe the entrepreneurship, entrepreneurial activity and enterprise. Also include the differences
between serial entrepreneurs, intrapreneurs and owner-managers.
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.
and experience can hinder or characteristics and the and contrasting examples.
foster entrepreneurship. influence of personal
background and experience
to specific successful
entrepreneurs.
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