CAPE Entrepreneurship Unit 2 - Entrepreneurship Practice
嚜燈PEN TEXTBOOK
CAPE Entrepreneurship
Unit 2 - Entrepreneurship Practice
Business Education Department
Ministry of Education, Science & Technology
Antigua and Barbuda
? 2017 by Commonwealth of Learning and Antigua and Barbuda Ministry of Education,
Science and Technology.
CAPE Entrepreneurship Unit 2 每 Entrepreneurhip Practice is made available under a
Creative Commons Attribution-ShareAlike 4.0 Licence (international):
.
Acknowledgements
The Business Education Department wishes to thank those below for their contribution to
this Open Textbook:
Carlene Spencer
Janelle O*Mard
Micheala Morris-Techeira
Tasheba Frederick
Jacqueline Peters-Richardson
The views expressed in this publication are those of the authors, and do not necessarily reflect
the views of COL or the Ministry of Education, Science & Technology, Antigua and Barbuda.
All products and services mentioned are owned by their respective copyright holders, and mere
presentation in the publication does not mean endorsement by COL or the Ministry
of Education, Science & Technology, Antigua and Barbuda.
Business Education Department
Government Complex
Queen Elizabeth Highway
St. John*s
Antigua
Fax: +268-462-4970
E-mail: Jacqueline.Richardson@.ag
Eo.jackrich2000@
Website: businesseducationantigua.
CAPE Entrepreneurship Unit 2 - Entrepreneurship Practice
Contents
About this Open Textbook
6
How this Open Textbook is structured ............................................................................. 6
Course Overview
7
Welcome to CAPE Entrepreneurship ............................................................................... 7
Unit 2 - Entrepreneurship Practice ................................................................................... 7
Course objectives .............................................................................................................. 7
Timeframe ........................................................................................................................ 8
Assignments ..................................................................................................................... 9
Assessments ...................................................................................................................... 9
Getting around this Open Textbook
9
Margin icons ..................................................................................................................... 9
Unit 2 - The Entrepreneurship Practice
11
Introduction ........................................................................................................... 11
Module 1 每 Essential of Business Ownership
11
Module Introduction ....................................................................................................... 11
Lesson 1 每 Types of Ventures ........................................................................................ 12
Lesson 2 - Legal and Regulatory Framework ................................................................ 33
Lesson 3 - Ethics and Social Responsibility................................................................... 43
Module 2 每 New Venture Planning and Creation
57
Module Introduction ....................................................................................................... 57
Lesson 1 - Market Research ........................................................................................... 57
Lesson 2 - Feasibility Analysis ....................................................................................... 64
Lesson 3 - Start-up capital and Financial Statements ..................................................... 70
Lesson 4 每 Developing the Business Model ................................................................... 96
Lesson 5 - Implementing and managing the venture.................................................... 128
Lesson 6 - Harvesting the Venture ............................................................................... 138
Module 3 每 Managing, Growing and Harvesting the Venture
143
Module Introduction ..................................................................................................... 143
Lesson 1 - Venture Life Cycle ...................................................................................... 143
Lesson 2 - Venture Models........................................................................................... 147
Lesson 3 每 Importance of venture valuation and valuation methods ........................... 159
Lesson 4 每 E-commerce and growing the venture ....................................................... 175
6
CAPE Entrepreneurship
Unit 2 每 Entrepreneurship Practice
About this Open Textbook
The Business Education Department has produced CAPE
Entrepreneurship - Unit 2 - Entrepreneurship Practice. All Open
Textbooks produced by the Business Education Department are
structured in the same way, as outlined below.
How this Open Textbook is structured
The course overview
The course overview gives students a general introduction to the course.
The information contained in the course overview helps students
determine:
? What you already needed to know.
? What you can expect from the course.
? How much time you need to invest in completing the course.
The overview also provides guidance on:
?
?
?
?
Study skills.
Course assignments and assessments.
Activity icons.
Units.
We strongly recommend that students read the overview carefully before
starting your study.
The course content
The course is broken down into units. Each unit comprises:
? An introduction to the unit content.
? Unit outcomes.
? Core content of the unit with a variety of learning activities.
? A unit summary.
? Assignments and/or assessments, as applicable.
? Answers to Assignment and/or assessment, as applicable.
Resources
For those interested in learning more about this subject, we provide you
with a list of additional resources at the end of this Open Textbook; these
may be books, articles or websites.
Your comments
After completing CAPE Entrepreneurship, we would appreciate if you
would take a few moments to give us your feedback on any aspect of the
course. Your feedback might include comments on:
? Course content and structure.
? Course reading materials and resources.
? Course assignments.
? Course assessments.
? Course duration.
? Course support (assigned tutors, technical help, etc.)
Your constructive feedback will help us to improve and enhance this
course.
Course Overview
Welcome to CAPE Entrepreneurship
Unit 2 - Entrepreneurship Practice
The Entrepreneurship programme seeks to empower students by providing
the knowledge, skills, and attitudes to achieve entrepreneurial success in a
variety of settings. The programme places emphasis on the individual*s
acumen to realise the opportunity, assess risk, and apply the skills
necessary to transform innovative ideas into viable and successful
ventures.
The programme provides students with the mindset that supports creativity
and innovation needed to transform ideas into ventures that create value
and wealth. Also, the programme seeks to fill that void in the continuum
from idea generation to venture creation and apprises students of ways to
access training, technical support, funding and legislative incentives
offered and provided by business organisations.
Entrepreneurship addresses fundamentals of entrepreneurial behaviour and
thinking and engages students in practical experiences through idea
generation and opportunity identification in implementing, managing and
harvesting a venture. Moreover, the programme acquaints students with
the essentials of business ownership, legal and regulatory frameworks, and
the importance of market research, feasibility analysis and the
development of a business model to successfully compete in the global
marketplace.
The course provides a solid foundation for further studies in
Entrepreneurship and preparation for Caribbean Advanced Proficiency
Examination (CAPE). Individuals starting and operating a venture and/or
becoming an entrepreneurial employee (entrepreneur) can utilize the
acquired knowledge and understanding of the entrepreneurial process to
create sustainable ventures.
Course objectives
The objectives of this course are to:
Objectives
1. Develop an entrepreneurial mindset to deal with
uncertainties in regional and global market environments
2. Understand the diverse character traits and behaviours which
inform entrepreneurs
3. Demonstrate an understanding the entrepreneurial process
from idea generation to concept development and creation of
the venture
7
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- unit 2 developing a marketing campaign edexcel
- entrepreneurship entrep 1a syllabus texas tech university
- unit 2 enterprise topic notes microsoft
- entrepreneurship questionnaire ess world bank
- specification pearson btec level 3 national certificate in edexcel
- 1 introduction to entrepreneurship national institute of open schooling
- cape entrepreneurship past papers cxc store
- entrepreneur and unit 2 entrepreneurial competencies
- entrepreneur and unit 2 entrepreneurial competencies hmhub
- btec level 3 national in business edexcel
Related searches
- world history unit 2 vocabulary
- physics unit 2 test
- american government unit 2 quizlet
- government unit 2 quizlet
- entrepreneurship unit 1 notes
- entrepreneurship unit 1 test
- entrepreneurship unit 2 ia
- biology unit 2 test answers
- biology unit 2 assessment
- unit 2 test review answers
- unit 2 test review biology
- unit 2 biology practice test