UNIT 9:Entrepreneurship and Small business Management
Unit 9 Handbook
Entrepreneurship and Small Business Management
Unit code T/508/0495
Unit type Core
Unit level 4
Credit value 15
TQT 150
Aim
The aim of this unit is to provide students with an understanding of the definition and
scope of entrepreneurship and also an understanding of the enablers and barriers to
business start-up.
Unit abstract
In this unit, we will learn about the influence of national culture and economy on
entrepreneurship and will explore the personal characteristics of entrepreneurs and the
impact of personal situational factors, including education and background.
Students will also learn about the role and importance of small firms to the economy,
and about social enterprise and the social economy. Students will also be expected to
understand the balance of risk and reward in starting a new venture and they will
investigate and reflect on their own entrepreneurial and enterprising characteristics.
Examples of entrepreneurs and start-up organisations will be discussed and students will
be expected to draw on local, personal and general knowledge together with their
learning to be able to identify the characteristics of entrepreneurial ventures.
Learning outcomes
On successful completion of this unit a learner will:
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.
Unit content
LO1 Explore and illustrate the range of venture types that might be considered
entrepreneurial
Scoping and defining entrepreneurship:
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UNIT 9:Entrepreneurship and Small business Management
What is entrepreneurship? Defining entrepreneurship, entrepreneurial activity and
enterprise.
The differences between serial entrepreneurs, entrepreneurs and owner-managers.
The typology of entrepreneurship:
Lifestyle and growth firms. Entrepreneurship in a corporate or public sector context.
Roles and characteristics of micro, small and medium-sized organisations.
Social enterprise:
Understanding social enterprise, social entrepreneurs and the growth of the social
economy.
LO2 Assess the impact of small businesses on the economy
Where entrepreneurial ideas come from:
Definitions of creativity and innovation.
The main sources of generating business and entrepreneurial ideas.
How businesses protect intellectual property rights.
The role and importance of small firms:
The number and type of small firms and their contribution to the economy at
national, regional and local level.
Factors to consider: size, turnover, profit, rate of growth, innovation, sustainability
and adaptability.
International aspects of entrepreneurship:
How international differences impact upon business start-up.
LO3 Determine and assess the key aspects of an entrepreneurial mindset
Entrepreneurial characteristics and mindset:
Research on personal characteristics of entrepreneurs and small business owners.
Different lines of argument relating to characteristics of entrepreneurs such as are
entrepreneurs born or made? Or can characteristics be learnt and adopted by
anyone? Skills set of the entrepreneur:
The types of skills that typify entrepreneurs and how these skills differentiate from
other organisation managers.
Personal entrepreneurial tendency:
Entrepreneurial characteristics and situational factors in a personal context, including
family upbringing, lifestyle, cultural differences and personal motivation and drivers.
LO4 Examine the different environments that foster or hinder entrepreneurship
The factors that influence the decision to start a business:
The range of factors that influence the choice to start-up a business, including
personal background and education, national culture, economic circumstances and
character traits.
The risks and rewards of business start-up:
The potential rewards of business start-up.
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
The risks and uncertainties of business start-up and how they can be mitigated.
Learning outcomes and assessment criteria
Learning outcomes Assessment criteria for pass
On successful completion of this The learner can:
unit a learner will:
LO1 Explore and illustrate the P1 Examine different types of entrepreneurial
range of venture types that ventures and explain how they relate to the
might be considered typology of entrepreneurship.
entrepreneurial
P2 Explore the similarities and differences between
entrepreneurial ventures.
M1 Investigate a diverse range of entrepreneurial
ventures to demonstrate an understanding of
entrepreneurship in both the public and corporate
sector.
D1 Critically examine the scope, development and
growth of entrepreneurial ventures.
LO2 Assess the impact of small P3 Interpret and assess relevant data and statistics
businesses on the economy to illustrate how micro and small businesses impact
LO1 on the economy.
P4 Explain the importance of small businesses and
business start-ups to the growth of the social
economy.
M2 Evaluate the differences small, medium and
large businesses make to the economy, applying
relevant data and statistics.
D2 Critically examine how small businesses have an
impact on different levels of the economy (local,
regional, national) and in an international context.
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UNIT 9:Entrepreneurship and Small business Management
LO3 Determine and assess the P5 Determine the characteristic traits and skills of
key aspects of an successful entrepreneurs that differentiate them
entrepreneurial mindset from other business managers.
P6 Assess how aspects of the entrepreneurial
personality reflect entrepreneurial motivation and
mindset.
M3 Explore and examine different lines of argument
relating to entrepreneurial characteristics.
D3 Analyse the characteristic traits, skills and
motivational drivers of successful entrepreneurs,
supported by specific examples.
LO4 Examine the different
environments that foster or
P7 Examine, using relevant examples, how
hinder entrepreneurship
background and experience can hinder or foster
entrepreneurship.
M4 Analyse the link between entrepreneurial
characteristics and the influence of personal
background and experience to specific successful
entrepreneurs.
D4 Critically evaluate how background and
experience influences entrepreneurs, both positively
and negatively, by comparing and contrasting
examples.
Links
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
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
Scheme of Work
Teaching Weeks Specification Area & Learning outcomes Method of Resources & Teacher
Delivery Plan Assessment Equipment update/Skills
(Please follow
Development
reading
week/tutorial
week/Christmas
and Easter break of
the cohort)
1. 1. Introduction to unit, P1 Examine different Class discussion Edexcel BTEC KU1,3
types of entrepreneurial Levels 4 and 5 KU3, 9
(E.g. Unit aims, Syllabus, AC’s, Presentation
ventures and explain Higher Nationals
content, VLE etc.)
how they relate to the specification in
Scoping and defining typology of Business
entrepreneurship: entrepreneurship.
PowerPoint
What is entrepreneurship? P2 Explore the presentations
Defining entrepreneurship, similarities and supported by
entrepreneurial activity and differences between hand-outs for
enterprise. entrepreneurial students
The differences between serial ventures.
entrepreneurs, entrepreneurs M1 Investigate a
and owner-managers. diverse range of
entrepreneurial
ventures to
demonstrate an
understanding of
entrepreneurship in
both the public and
corporate sector.
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
2. The typology of D1 Critically examine the Class activities PowerPoint TS6, CS4 &
entrepreneurship: scope, development and based on group presentations KU7
growth of entrepreneurial tasks supported by
Lifestyle and growth firms.
ventures.
hand-outs for
Entrepreneurship in a Presentation
students
corporate or public sector QA
context. Group link through
college portal.
Roles and characteristics of
micro, small and medium-
sized organisations.
Social enterprise:
Understanding social
enterprise, social
entrepreneurs and the
growth of the social
economy.
3. Assignment Brief P3 Interpret and assess Class research Assignment brief. CS1, 6 & 7
relevant data and finding report on
PowerPoint
statistics to illustrate how entrepreneurial
micro and small presentations
Where entrepreneurial ideas.
businesses impact on the supported by
ideas come from:
economy. activities based on hand-outs for
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
Definitions of creativity and group tasks students
innovation. P4 Explain the
Presentation
The main sources of importance of small
generating business and businesses and business
entrepreneurial ideas. start-ups to the growth
How businesses protect of the social economy.
intellectual property rights.
M2 Evaluate the
differences small,
medium and large
businesses make to
the economy, applying
relevant data and
statistics.
4. FORMATIVE ASSESSMENT I Team PowerPoint TS6, CS2,
discussion presentations AS2 & KU1,
supported by 6
Q&A
hand-outs for
Presentation students
Assignment
guidance notes
5. The role and importance of D2 Critically examine how Team discussion PowerPoint KU7, AS3
small firms: small businesses have an presentations &CS2
Presentation
The number and type of small impact on different levels supported by
firms and their contribution to of the economy (local, hand-outs for
regional, national) and in students
the economy at national,
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
regional and local level. an international context.
Factors to consider: size,
turnover, profit, rate of growth,
innovation, sustainability and
adaptability.
International aspects of
entrepreneurship:
How international differences
impact upon business start-up.
6. Entrepreneurial P5 Determine the Team discussion PowerPoint CS5, TS3 &
characteristics and characteristic traits and presentations CS6
Presentation
mindset: skills of successful supported by
Research on personal entrepreneurs that hand-outs for
characteristics of differentiate them from students
entrepreneurs and small other business
business owners. managers.
P6 Assess how aspects
of the entrepreneurial
personality reflect
entrepreneurial
motivation and mindset.
Different lines of argument M3 Explore and examine
relating to characteristics of different lines of
entrepreneurs such as are argument relating to
entrepreneurs born or entrepreneurial
made? Or can characteristics.
characteristics be learnt
and adopted by anyone?
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
7. Skills set of the D3 Analyse the Class discussion PowerPoint KU2, CS1 &
entrepreneur: characteristic traits, skills Presentation CS3
Presentation
and motivational drivers of
The types of skills that Online business
successful entrepreneurs,
typify entrepreneurs and articles
supported by specific
how these skills Articles covering a
examples.
differentiate from other number
organisation managers. Entrepreneurs
8. Personal entrepreneurial P7 Examine, using relevant Group discussion Lecture notes KU1, 4 &
tendency: examples, how background AS2
Presentation PowerPoint
and experience can hinder
Entrepreneurial or foster entrepreneurship. Printed articles on
characteristics and entrepreneur and
situational factors in a small business
personal context, including management.
family upbringing, lifestyle,
cultural differences and
personal motivation and
drivers.
9. FORMATIVE ASSESSMENT Class discussion Assignment TS4, 5, 6
II guidance notes &10
Individual feedback
Printed articles
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
10. The factors that influence Team discussion Lecture notes CS3, KU6,
the decision to start a CS7 & TS4
Presentation PowerPoint
business:
The range of factors that M4 Analyse the link Presentation
influence the choice to between entrepreneurial
characteristics and the
start-up a business,
influence of personal
including personal background and
background and education, experience to specific
national culture, economic successful entrepreneurs.
circumstances and
character traits.
11. The risks and rewards of D4 Critically evaluate how Students’ input for PowerPoint CS3, KU6,
business start-up: background and experience written element of presentations CS7 & TS4
influences entrepreneurs, Unit 9 assignment
The potential rewards of Assignment brief
both positively and
business start-up.
negatively, by comparing Feedback sheet
The risks and uncertainties and contrasting examples.
of business start-up and
how they can be mitigated.
12. Revision classes & Feedback Students’ input for PowerPoint TS4, TS10
on work produced written element of presentations & TS8
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2016 © Pearson Education Limited 2016
UNIT 9:Entrepreneurship and Small business Management
Unit 9 assignment Assignment brief
Feedback sheet
13. Summative Feedback Assignment scripts Guidance notes TS4, TS10
& TS8
Feedback forms
14. Summative Feedback Assignment scripts Guidance notes TS4, TS10
& TS8
Feedback forms
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2016 © Pearson Education Limited 2016
Unit 9 Entrepreneurship and Small Business Management
ASSIGNMENT SUBMISSION SCHEDULE
WEEK Type of Assignment Contents
4 Formative TBA
8 & 12 Formative TBA
13 & 14 Summative TBA
TBA-To be Advised
Summary Grades & Assessment Methodologies
The teaching team is of the view that the use of a wide range of appropriate assessment methods provides alternative learning opportunities
for many students with differing abilities to demonstrate their ability.
Assessment methods include portfolio, case studies, group and individual presentations. Formative Assessment takes place throughout the
semester in the form of individual and group presentations, Q&A, individual task and personal tutorial.
Summative assessment takes place at the end of the semester with preparation of assignment and followed by individual feedback.
Cognitive skills are developed through lectures, tutorials, group discussions and independent study. This module is 100% assignment based.
Grades are awarded: Pass, Merit or Distinction
Summary Grades
In order to achieve a pass All learning outcomes and associated assessment criteria have been met
In order to achieve a merit Pass requirements achieved
All merit grade descriptors achieved
In order to achieve a distinction Pass and merit requirements achieved
All distinction descriptors achieved
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Unit 9 Entrepreneurship and Small Business Management
Support Materials
Core Text Books and/or Further Reading:
Textbooks
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.
Newspapers
Useful articles regularly appear in the business pages of quality newspapers.
Journals
Journal of Small Business Management. Oxford: Wiley-Blackwell.
(http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1540-627X)
Harvard Business Review (Harvard Business Publishing)
The Economist (The Economist Newspaper Ltd)
Websites:
The Institute for Small Business and Entrepreneurship (ISBE) website: www.isbe.org.uk. Location on Higher Education Learning Platform (HELP)
This units are accessible when you login to your college HELP account, under the HND Business section.
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Unit 9 Entrepreneurship and Small Business Management
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