BMKT6 Pearson BTEC HND in Business

ICON COLLEGE OF TECHNOLOGY AND MANAGEMENT
Pearson BTEC HND in Business
Unit 9 Entrepreneurship and Small Business Management (RQF)
Assignment Brief
Session: September 2020

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ICON College of Technology and Management
Pearson BTEC HND in Business (RQF)
Unit 9: Entrepreneurship and Small Business Management
Session: September 2020
Coursework
Recommended Word limit: 3,500–4,500
This Unit will be assessed by assignment.
You are strongly advised to read “Preparation guidelines of the Coursework
Document” before answering your assignment.
ASSIGNMENT
Assignment Context and Scenario:
You are currently working for a consultancy firm that provides advice and market
intelligence to small business and entrepreneurs. You have been approached by a client
who wants to establish and run a small business enterprise in London. Your advice
should help the client whether it is feasible to establish the business or not.
You are required to write a report on exploring the range of venture types which are of
entrepreneurial. You need to assess the impact of the proposed business in the local
and national economy. You are to identify the key aspects of an entrepreneurial mindset
after a thorough assessment. You are also required to identify the environmental factors
and examine how those factors foster or obstruct entrepreneurship. This report should
be submitted to the manager of your chosen small business enterprise.
What you must do
The following issues are required to be carried out:
LO1 Explore and illustrate the range of venture types that might be considered
entrepreneurial.
Your client would like to know more about types of ventures, so you should examine
different types of entrepreneurial ventures and explain how they relate to the typology of
entrepreneurship.
Your client has a vague idea of entrepreneurship. For his benefit, explore the similarities
and differences between entrepreneurial ventures.
You should investigate a diverse range of entrepreneurial ventures to demonstrate an
understanding of entrepreneurship in both public and corporate sector. You should also
critically examine the scope, development and growth of entrepreneurial ventures.
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LO2 Assess the impact of small business on the economy.
Interpreting data is a major problem for some people. For the benefit of your client, you
should interpret and assess relevant data and statistics to illustrate how micro and small
business impact on the economy.
You are required to explain the importance of small businesses and business starts-ups to
the growth of social economy.
To make your client fully aware of his desire to start a small business, you evaluate the
differences small, medium and large businesses make to the economy. You should
support your evaluation by applying relevant data and statistics. You should also
critically examine how small businesses have an impact on different levels of the
economy (local, regional and national) and at an international level.
LO3 Determine and assess the key aspects of an entrepreneurial mindset.
There are certain skills an entrepreneur should possess. For the benefit of your client, determine
the characteristic traits and skills of successful entrepreneurs that differentiate them from
other business managers. You should also assess how aspects of the entrepreneurial
aspects personality reflect entrepreneurial motivation and mindset.
To widen your client’s knowledge, you should explore and examine different lines of
argument relating to entrepreneurial characteristics. You should also analyse the
characteristic traits, skills and motivational drivers of successful entrepreneurs, supported
by specific examples.
LO4 Examine the different environments that foster or hinder entrepreneurship.
To ensure that your client factors that affect entrepreneurship, you are required to
examine, using relevant examples, how background and experience can hinder or foster
entrepreneurship. You should analyse the link between entrepreneurial characteristics
and the influence of personal background and experience to specific successful
entrepreneurs. You should also critically evaluate how background and experience
influences entrepreneurs, both positively and negatively, by comparing and contrasting
examples.
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Relevant Information
Guide to student
1. Preparation guidelines of the Coursework Document
a. Document margins must not be more than 2.54 cm (1 inch) or less than 1.9cm (3/4 inch).
b. The assignment should be in a formal business style using single spacing and font size 12.
c. Standard and commonly used type face such as Arial should be used.
d. All figures, graphs and tables must be numbered.
e. Material taken from external sources must be properly referenced using the Harvard
referencing system.
f. You should provide references using the Harvard referencing system.
g. Do not use Wikipedia as a reference.
2. Plagiarism and Collusion
Any act of plagiarism or collusion will be seriously dealt with according to the College
regulations. In this context the definitions and scope of plagiarism and collusion are
presented below:
Plagiarism is presenting somebody else’s work as your own. It includes copying information
directly from the Web or books without referencing the material; submitting joint coursework
as an individual effort.
Collusion is copying another student’s coursework; stealing coursework from another
student and submitting it as your own work.
Suspected plagiarism or collusion will be investigated and if found to have occurred will be
dealt with according to the College procedure (For details on Plagiarism & Collusion
please see the Student Handbook).
3. Submission
a. Initial submission of coursework to the tutors is compulsory in each unit of the course.
b. The student must check their assignments on ICON VLE with plagiarism software Turnitin
to make sure the similarity index for their assignment stays within the College approved
level. A student can check the similarity index of their assignment three times in the Draft
Assignment submission point located in the home page of the ICON VLE.
c. All Final coursework must be submitted to the Final submission point into the Unit (not to
the Tutor). The student would be allowed to submit only once and that is the final
submission.
d. Any computer files generated such as program code (software), graphic files that form part
of the coursework must be submitted as an attachment to the assignment with all
documentation.
e. Any portfolio for a Unit must be submitted as a hardcopy to examination office.
f. The student must attach the tutor’s feedback from the First submission in between the cover
page and the answer in the case of Resubmission.
4. Good practice
a. Make backup of your work in different media (hard disk, memory stick, etc.) to avoid distress
for loss or damage of your original copy.
5. Extension, Late Submission and Resubmission
a. If you need an extension for a valid reason, you must request one using an Exceptional
Extenuating Circumstances (EEC) form available from the College examination office and
ICON VLE. Please note that the tutors do not have the authority to extend the coursework
deadlines and therefore do not ask them to award a coursework extension. The completed
form must be accompanied by evidence such as a medical certificate in the event of you
being sick, and should be submitted to the Examination Office.
b. Late submission will be accepted and marked according to the College procedure. It should
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be noted that late submission may not be graded for Merit and Distinction.
c. All late coursework must be submitted to the Late submission point into the unit (not to
the Tutor) in the ICON VLE. A student is allowed to submit only once and that is also
treated as the final submission.
d. Only one opportunity will be given for reassessment (resubmission) will be permitted and the
assessment will be capped at Pass for the unit. In addition, no resubmission will be allowed
in any component of the assessment for which a Pass grade or higher has been achieved.
e. Repeat Units – A student who has failed to achieve a Pass in both Final/Late submission
and in the Resubmission must retake the unit with full attendance and payment of the unit
fee. The overall unit grade for a successfully completed repeat unit is capped at Pass for
that unit. Units can only be repeated once.

Glossary:
Analyse: Identify separate factors, say how they are related and how each one contributes to the
topic.
Assess: to determine the importance, size and value of something. Or give careful consideration to
all the factors or events that apply or identify which are the most important or relevant.
Critically evaluate: Point out differences which are particularly significant.
Evaluate: review the information then bring it together to form a conclusion. Give evidence of each
of your views or statement.
Explain: Set out in detail the meaning of something, with reasons. More difficult than describe or
list; it can help to give an example to show what you mean. Start by introducing the topic then give
the ‘how’ and ‘why’ OR provide details and give reasons and/or evidence to clearly support the
argument you are making.
Explore: Inquire into or research about any factors pertinent to a particular issue.
Examine: When you evaluate you look at the arguments for and against an issue.
Identify: Point out or choose the right one/ give a list of main features.
Illustrate: Include examples or a diagram to show what you mean.
Determine: Ascertain or establish exactly by research.