Identifying Entrepreneurial Opportunities | My Assignment Tutor

HE Assessment submissionQualification Title: Higher National Certificate/Diploma in BusinessAcademic year 2020/21  Location: Portland PlaceAssignment number: 1 of 1Student name:Assignment name: Identifying Entrepreneurial OpportunitiesStudent ID/number:Module number and title: Unit 27 Identifying Entrepreneurial Opportunities Y/508/0540Fit to sit declarationI confirm that I am fit to sit this assessment.Student signature……………………………………. Date………………….Module coordinators name: Ambrish JoijodeAssignment set by: Candice EnabuleleAssessor … Continue reading “Identifying Entrepreneurial Opportunities | My Assignment Tutor”

HE Assessment submissionQualification Title: Higher National Certificate/Diploma in BusinessAcademic year 2020/21  Location: Portland PlaceAssignment number: 1 of 1Student name:Assignment name: Identifying Entrepreneurial OpportunitiesStudent ID/number:Module number and title: Unit 27 Identifying Entrepreneurial Opportunities Y/508/0540Fit to sit declarationI confirm that I am fit to sit this assessment.Student signature……………………………………. Date………………….Module coordinators name: Ambrish JoijodeAssignment set by: Candice EnabuleleAssessor name/names: Agnel Rodriguez/Anesa IsufiDate stamp;Centre check signature: A joijode Date: 15.10.2020Nescot check signature: Naomi Williams Carole Spicer Date: 17/11/20Assignment issue date: 16.02.2021Formative submission: 24.03.2021Submission due date: 09.04.2021Academic conduct Work submitted for assessment must be your own, if authorship is misrepresented this may be considered to be academic misconduct. Academic misconduct can be considered to be any act whereby a candidate seeks to obtain an unfair advantage for themselves or another candidate. The penalties for academic misconduct can be serious. Examples of academic misconduct (not exhaustive) are as follows; Using online sites such as Spinbot, Check Plagiarism, Paraphrasing Tool, Seo Magnifer, Article Rewriter or any such other sites that offer a similar service to reword work to avoid plagiarism detection. Plagiarism; defined broadly as the unacknowledged use of the work of another person. Including words, images, artwork, computer generated work (including Internet sources), thoughts, inventions and/or discoveries whether published or not. Fabrication; falsification of results or evidence, for example, experiments, interviews, observations or other forms of empirical research and investigation. Collusion; working collaboratively with others in the preparation or production of material submitted for assessment where not explicitly permitted by programme documentation. Misrepresentation; falsification of degree of participation or responsibility for shared work submitted for assessment.Authenticity declaration I have read the above and confirm that the work submitted is my own. All material for which I am not the author (published or unpublished) has been clearly identified, attributed to others, fully acknowledged and reference made to the original sources. I understand that the College has the right to submit my work to further checks for originality if deemed necessary.Student signature…………………………………………………………………………………………………………………………… Date……………………..I am unwell and/or have been affected by unforeseen circumstances [delete as appropriate] during or immediately prior to this assessment or examination. However I choose to continue to take this assessment or examination and I have drawn this to the attention of the assessor/invigilator.Student signature………………………………………………………………………………………………………………. Date……………….Assessor/invigilator name. Assessor/invigilator signature……………………. Date………………Submission arrangements All work for submission must be signed in using the assignment submission log All written assignments must be submitted using Turnitin Attach the first page of the Turnitin report to the submitted work Tutors declaration: Whilst marking this work I have duly checked that there is no variations in writing style compared to the students normal submissions, grammar and spelling have been identified in the work and to the best of my knowledge the student has not used any paraphrasing tools to complete this work. Provisional Grade ……….……………..Tutor’s signature…………………………. Date………………………. Note this grade is provisional until agreed by the Examination Board Assessor Feedback related to grading criteria: Turnitin % ………………………………………. Areas for Improvement: Action: Student’s Comments: What grade are you aiming for:Feedback received from Lecturer: Yes/No Date: ___________Student signature; _________________________Date of resubmission (where required) Assignment Brief and GuidanceScenario You identify yourself as a budding entrepreneur and have been working hard developing your product/service but have been limited due to the lack of resources. Virgin Money has opened a branch in your area and is looking to develop the community by assisting budding entrepreneurs to start up their ventures. You have been made aware of the opportunity and the requirements that would lead you to obtain the fundingActivity 1The first step is to attend a training session which is conducted by Virgin Money that provides you with a better understanding of the pitching and negotiation process. The session is followed by a formal assessment which requires you to produce a portfolio containing a report.The report must demonstrate your understanding by;Critically evaluating and determining the different sources of entrepreneurial ideas and innovation. This should be supported by a reasoned judgement on the benefits and drawbacks of different approaches and sources that can lead to the identification of entrepreneurial ideas. Drucker’s seven sources of systematic innovation should be used to support your argument and specific examples provided. Adopting a critical stance and offering an evaluation on a specific entrepreneurial idea based on appropriate interpretation and investigation of the competitive marketplace. The report should also provide a reasoned rationale and justification for a specific entrepreneurial idea of how it fills the market gap by using relevant tools and techniques to support your choice. Activity 2As part of the assessment, you are required to make a presentation supported by a handout to a group of mock investors. The pitch will provide an analysis of the data using appropriate specific sources and methods to provide justified business objectives and identify market potential. Furthermore, the pitch will present and interpret relevant data to demonstrate how it can be used to identify the potential market and the viability of an entrepreneurial idea mentioned above.Activity 3Following the mock investor meeting, you have been asked to produce a report that will critically evaluate the same specific entrepreneurial idea in the context of the marketplace and competition. This will lead to you offering a valid conclusion supported by justified recommendations on managing and sustaining a specific entrepreneurial idea. You will conduct a SWOT analysis and demonstrate your understanding by evaluating the relevant competitive marketplace. RECORD OF ACTIVITY Observation Record *Witness statement*Learner name:………………..Qualification:HND BusinessUnit number & title:Identifying Entrepreneurial OpportunitiesName of Observer/ Witness:Date of Activity:…………………Assessment criteria targeted:LO3: P3Present data needed to support gap analysis in the evaluation of a specific entrepreneurial idea.LO3: P4Interpret data appropriately to provide evidence of market potential.LO3: M3Justify specific sources and methods of data collection chosen and how data relates to identifying market potential.LO3: D3Analyse appropriate specific sources and methods of data to provide justified business objectives and identify market potential.Description of activity undertaken: (what the learner did) the evidence provided/questions asked and answers given:The learner completed a pitch that addressed the following:Relevance/Knowledge An in-depth discussion of the data: Data analysis Delivers a convincing pitchNotes:Analysis: Appropriate/relevant use of pitching and negotiation terms Provides an effective analysis of tools used The reasoning behind the proposed pitchNotes:The presentation/ structure is: Creative Dynamic Clear, concise, eye contact Effective with tables, figures and quotes Timely LogicalNotes:Research/Referencing Quotes referenced correctly Reference list provided Harvard Referencing system followed Between 11 – 15 slidesNotes:Body language and SPAG etc:Additional tutor comments:Please state evidence this record is in support of:I confirm this is an accurate record of the activity undertakenLearner signature:Date:*Assessor/*Witness signature: *please delete as applicableRole:Tutor and assessor.Date: Submission Format: Activity 1 and 3 A formal report which will include appropriate headings, paragraphs, subsections and illustrations as appropriate, and all work must be supported with research and referenced using the Harvard referencing system. The recommended word limit is 2500-3000 words, although you will not be penalised for exceeding the total word limit. Activity 2 A 15-minute pitch shall be presented/submitted to the instructor (who is a Virgin Money employee) during the last class. This should be in the form of a PowerPoint presentation made using Prezi or Microsoft tools such as PowerPoint. The slides should be referenced accordingly, and a bibliography/reference list generated using the Harvard referencing system. Presentation notes and witness statement should be included as part of the submission. Recommended Resources DeMarr, B. and De Janasz, S. (2014) Negotiation and Dispute Resolution. New International Ed. Harlow: Pearson. Falcao, H. (2010) Value Negotiation: How to finally get the win-win right.  Harlow: Pearson. Fisher, R. (2012) Getting to Yes: Negotiating an agreement without giving in. London: Random House Publishing. Klaff, O. (2011) Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal.  New York: McGraw-Hill. Journals Journal of Small Business Management. Oxford: Wiley-Blackwell http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1540-627X The Institute for Small Business and Entrepreneurship (ISBE) website: www.isbe.org.uk Please click on the link to see Pearson Course Specification: Click to access btec-higher-nationals-business-specification.pdf Learning Outcomes and Assessment CriteriaPassMeritDistinctionLO1 Evaluate possible sources for a new and innovative business ideaD1 Critically evaluate the benefits and drawbacks of different approaches and sources that can lead to the identification of entrepreneurial ideas.P1 Determine and evaluate different sources of entrepreneurial ideas and innovation providing specific examples.M1 Provide a detailed evaluation of Drucker’s 7 sources of systematic innovation providing specific examples.LO2 Explain the choice of a specific entrepreneurial idea for investigation and the market gap that it addressesD2 Critically evaluate a specific entrepreneurial idea based on appropriate interpretation and investigation of the competitive market place.P2 Explain the rationale and the market gap for a specific entrepreneurial idea using relevant tools and techniques to support your choice.M2 Provide justification of how a specific entrepreneurial idea fills a market gap using different techniques for gap and competitive analysis.LO3 Use primary and secondary data to identify market potentialD3 Analyse appropriate specific sources and methods of data to provide justified business objectives and identify market potential.P3 Present data needed to support gap analysis in the evaluation of a specific entrepreneurial idea. P4 Interpret data appropriately to provide evidence of market potential.M3 Justify specific sources and methods of data collection chosen and how data relates to identifying market potential.LO4 Evaluate the entrepreneurial idea in the context of the market and competitors and make an assessment of potential viabilityD4 Formulate valid conclusions and justified recommendations on how a specific entrepreneurial idea can be developed, managed and sustained within the competitive market place.P5 Apply a SWOT framework to collate evidence to support an objective assessment of a specific entrepreneurial idea. P6 Evaluate the competitive and market environments in which the idea will be launched to assess potential viability.M4 Critically evaluate a specific entrepreneurial idea in the context of the marketplace and competition.

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