Develop and evaluate business plans taking into account issues such as time management business/market research team management (including co-ordination and delegation) and presentation skills.Develop and evaluate business plans taking into account issues such as time management business/market research team management (including co-ordination and delegation) and presentation skills.
Entrepreneurship and Small Business VenturesObjectives:You must provide evidence of an ability to develop and demonstrate knowledge and understanding qualities skills and other attributes in the following areas1. Demonstrate an understanding of the theories surrounding SME development/growth/survival and how they relate to the wider environment of business support andeconomic development.2. Develop and evaluate business plans taking into account issues such as time management business/market research team management (including co-ordination anddelegation) and presentation skills.3. Demonstrate critical self-reflection and self-evaluation of their personal development and through team experiences and activities.Outlining your personal reflection and evaluation of the whole experience through business plan development:These three questions should be answered and include in the essay.What is the hardest challenge that youve faced when developing a business plan? Why?How do you overcome this challenge?What is the most important lesson that youve learnt after developed a business plan as an entrepreneur?Suggestions for answering those questions:Hardest: from the formulation of the business plan from the beginning to the endOvercome: your role or contributionLearnt: what did you learn about team work leadership time management cultural difference management; what it taught you about yourself and your potential to bean entrepreneur what it taught you about yourself and your role in a new venture.Related theory or suggestion of theory in the report: (Please apply if applicable)(1) Entrepreneurial growth and exit strategiesManaging Growth Life cycle of firm Internal or external cause of failureExit Strategies Harvesting Liquidation Share power Form a limited partnership Set up Trust(2) Creativity related to Entrepreneurship(3) Innovation and Intellectual Property managementEnterprise Cultural Heritage (ECH) four pillars of management (Brand Management Change Management Heritage Management and Intellectual Property Management.)(4) Gender and Entrepreneurship(5) Entrepreneurship and Economic DevelopmentClassical views of economists (Arbitrage Innovative) Innovation and the link with Entrepreneurship(6) Psychology of EntrepreneurAdversity Behavior when adversity strikesEleven Core CharacteristicsCommercial OrientationConceptual OrientationIndependenceNeed for AchievementRisk ToleranceConfidencePersuasive AbilityResilienceReliabilityPeople OrientationIntegrityIndividuallyWhat traits do you have?How do they come across to others?How will it show up on your report?
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