Entrepreneurship and Innovation Assignment Task Solutions

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Task 1 of 3 – Business idea pitch (AC1.2 and 1.3)

 

Instructions:

 

You are to propose three business ideas for this assignment which could then be explored further in a presentation to your class. Feedback from the class for each idea should be summarised as peer evaluation.

 

Review what make a successful commercial or social entrepreneur and evaluate your own skills and attributes in that area.
Propose the business ideas and assess the challenges that goes with them.

 

Delivery:

1x 10 minutes presentation in front of the whole class

 

Submission:

1x PowerPoint slide (or poster’s photo)
3x Peer Review forms

 

Referencing:

Each PowerPoint must reflect any supporting Harvard style
A comprehensive Harvard style reference list must be included at the end of the presentation

 

Task 2 of 3 – Business plan (AC3.1, 3.2, 3.3, 4.1, 4.2 and 4.3)

 

Instructions:

 

Analyse the 3 business ideas and select the one that is most likely to succeed and create a business plan (including marketing and financing). As such you should produce a business plan in which you should:

Summarise and analyse the selected business idea
Analyse the production and marketing feasibility for the selected idea
Produce business planning forecast using financial techniques
Produce a marketing plan
Develop a control and monitoring mechanism for the business

 

Delivery and submission:

1x business plan (circa 3000 words excluding appendices)

 

Referencing:

Each section must reflect any supporting Harvard style
A comprehensive Harvard style reference list must be included at the end of the work.

 

Task 3 of 3 – Reflections (AC1.1, 2.1, 2.2 and 2.3)

 

Instructions:

 

You should now reflect on entrepreneurship based on this experience and using the appropriate literature. Your reflections should:

Critically analyse the nature, characteristic and challenges of establishing different kind of enterprise and how you individually as a future manager could encourage creativity, innovation and changes
With reference to one or more organisation, identify potential creative and innovative management ideas that could contribute to encourage creativity in the organisation

 

Delivery and submission

1x reflection (circa 500 words)

 

Referencing:

Each section must reflect any supporting Harvard style
A comprehensive Harvard style reference list must be included at the end of the work.

 

Evidence to be submitted:

PowerPoint presentation – (1000 words equivalent)
Business Plan – 3000 words
Reflective Essay – 500 words

 

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