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Unit 9_5047_ Assignment Brief part 1

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14 views4 pages

Unit 9_5047_ Assignment Brief part 1

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Da Đen Anh
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© © All Rights Reserved
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Unit 9: Entrepreneurial Ventures

Assignment Brief part 1

Programme Title Pearson BTEC Level 5 Higher National Diploma in


Business
Student Name/ ID Number
Unit Number and Title Unit 9: Entrepreneurial Ventures
Academic Year
Unit Tutor
Startup Contest: Entrepreneurial mindset for a successful
Assignment Title
business plan implementation
Issue Date
Submission Date
Submission format
This is a group project and presentation. Submitted documents include (1) the slides with notes of a
business plan and entrepreneurial mindset analysis and (2) a short clip introducing your team and
your business idea.

You are required to make use of headings, paragraphs, and sub-sections as appropriate. All work
must be supported with research and reference using the Harvard referencing system. You will need
to provide a bibliography using the Harvard referencing system. In accurate us of referencing may
lead to issues of plagiarism if not applied correctly.

Unit Learning Outcomes


LO1 Examine what it takes to be an entrepreneur and the scope of entrepreneurial ventures
LO2 Explore the concept of the entrepreneurial mindset and its contribution to
entrepreneurial ventures
Transferable skills and competencies developed
• The growth of entrepreneurial spirt and mindset
• Cultivating an attitude of valuing others and accepting failure,
• The development of skills that typify entrepreneurs covering positivity, creativity,
persuasion, tenacity and curiosity.
• The use of creativity and innovation to identify and create new ventures.
• The ability for recognising business opportunities in everyday life and situations.
• Design thinking and Lean start-up
• Networking

Vocational scenario
The SV STARTUP contest, encouraging students with startup ideas is within the framework of
the Project that supports students to start a business until 2025 signed by the Prime Minister of
Vietnam, implemented by the Ministry of Education and Training. The contest takes place every
year, starting from 2018 to 2025. The Ministry of Education and Training has been officially
responsible for launching the contest nationwide.

BTEC HN Assignment Brief Template


Issue Date: Jan 2024 Owner: HN QD
DCL1 Public (Unclassified) Version 2.0
Assignment activity and guidance

Scenario:

Students in a group of four or five are required to conceive a business plan for the SV STARTUP
contest, offering a new product or service that could be located anywhere in Vietnam. Along with the
proposed business plan, each student group needs to demonstrate the analysis of entrepreneurial
mindset required for the success of business execution.

Two parts required to cover and assessed to select the potentially best groups for participating in the
final round of the SV STARTUP contest. The slide followed by a group presentation needs to cover
(1) The business plan and (2) The analysis of Entrepreneurial mindset

(1) The business idea and business model. A student group is required to use real and relevant
qualitative and quantitative data where possible for the preparation of a business plan. The
Business Model Canvas is recommended to be applied as a framework in developing the
business plan.

This is compared and judged according to a set of criteria, which usually include innovation
and uniqueness, business idea and demonstration of market demand, job creation potential
and working conditions, growth potential, and financial sustainability of the business.

The business plan needs to detail the realistic feasibility aspects of the business under
prevailing conditions including the remaining business model CANVAS, namely:
1. Customer segments: Who are your most important customers?
2. Value proposition: What values do you deliver to your customers?
3. Channels: Through what channels do your customer segments want to be reached?
4. Customer relationships: Within each customer segment, customer relationships are
established and maintained
5. Revenue streams: Result from value propositions successfully offered to customers.
6. Key resources: Assets required to offer and deliver the previously described
elements.
7. Key activities: Are performed to manage the key resources.
8. Key partnership: It is possible to outsource or insource certain activities.
9. Cost Structure: The elements of the business model result in a certain cost structure.

(2) Entrepreneurial mindset analysis

The student group is required to choose real start-ups and analyse their founders’
entrepreneurial mindset, traits, characteristics and skills associated with entrepreneurship.
The selection of start-up ventures and entrepreneurs must include a serial entrepreneur, a
technology entrepreneur and a social one. It is expected that the student group applies the
theoretical concepts in the area of entrepreneurial traits, skills and mindset development in
this part.

Combining your own business plan and the chosen start-up ventures, the student group will
illustrate key learning points about entrepreneurial mindset, traits, characteristics, and skills
that the group need to develop in order to implement your business plan successfully.

BTEC HN Assignment Brief Template


Issue Date: Jan 2024 Owner: HN QD
DCL1 Public (Unclassified) Version 2.0
Recommended Resources

Please note that the resources listed are examples for you to use as a starting point in your
research – the list is not definitive.
Weblinks

www.entrepreneur.com (Entrepreneur, General reference)

www.entrepreneurhandbook.co.ukwww.forbes.com (General reference)

www.forbes.com (Small Business, Entrepreneurs articles)

HN Global

HN Global (2021) Reading Lists. Available at: https://hnglobal.highernationals.com/learning-


zone/reading-lists

HN Global (2021) Student Resource Library. Available at: https://hnglobal.highernationals.


com/subjects/resource-libraries

HN Global (2021) Textbooks. Available at: https://hnglobal.highernationals.com/textbooks

Journal articles

Textbooks

Burns, P. (2021) Entrepreneurship and Small business: Start-up, Growth and Maturity. 5th Ed. New
York: Palgrave Macmillan.

Neck, H., Neck, C. and Murray, E. (2018) Entrepreneurship: The Practice and Mindset. 1st Ed. Los
Angeles: SAGE.

Katz, J. and Green, R. (2018) Entrepreneurial small business. 5th Ed. New York: McGraw-Hill
Education.

BLUNDEL, R., LOCKETT, N. and WANG, C. (2018) Exploring Entrepreneurship. 2nd Ed.
London: Sage.

Learning Outcomes and Assessment Criteria


Pass Merit Distinction
LO1 Examine what it takes to be an entrepreneur and
the scope of entrepreneurial ventures.
P1 Investigate the scope M1 Evaluate the D1 Critically examine
of entrepreneurial similarities and entrepreneurial ventures
ventures, using a variety differences between the traits, characteristics
of examples. entrepreneurial ventures and mindset associated
and the traits and with entrepreneurship,
P2 Examine the traits and characteristics of using a range of
characteristics associated entrepreneurs in those examples.
with entrepreneurship ventures.

BTEC HN Assignment Brief Template


Issue Date: Jan 2024 Owner: HN QD
DCL1 Public (Unclassified) Version 2.0
LO2 Explore the concept of the entrepreneurial
mindset and its contribution to entrepreneurial
ventures
P3 Explain what is meant
by an ‘entrepreneurial M2 Determine the ways
mindset’. in which the
entrepreneurial mindset
P4 Examine skills and can be encouraged and
characteristics associated what it can bring to a new
with an entrepreneurial venture.
mindset.

BTEC HN Assignment Brief Template


Issue Date: Jan 2024 Owner: HN QD
DCL1 Public (Unclassified) Version 2.0

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