Entrepreneurship and Small Business Management
Introduction
This unit provides students with an understanding of the definition and scope of entrepreneurship and an understanding of the enablers and barriers to business start-up.
Students 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
By the end of this unit a student will be able to:
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.
Business Law
Introduction
The aim of this unit is to enhance students’ understanding of how business law is applied to the running of a company. Students will gain knowledge of business law and examine the impact of the law on business operations and decision-making.
Throughout the unit students will identify legal solutions available to business owners and assess their suitability. Their experiences in this unit will help them better understand the areas of law in which they will want to specialise. They will be able to illustrate the impact of the law on normal business operations and when registering a company and inviting shareholders to invest in it. They will gain an understanding of the law in relation to market abuse and director responsibilities. Students will be able to recognise the application of employment law between employers and employees.
Learning Outcomes
By the end of this unit a student will be able to:
1 Explain the basic nature of the legal system.
2 Illustrate the potential impact of the law on a business.
3 Suggest appropriate legal solutions to business problems.
4 Recommend appropriate legal solutions based upon alternative legal advice provided.
Managing a Successful Business Project
Learning Outcomes
By the end of this unit a student will be able to:
1 Establish project aims, objectives and timeframes based on the chosen theme.
2 Conduct small-scale research, information gathering and data collection to generate knowledge to support the project.
3 Present the project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and/or analysis.
4 Reflect on the value gained from conducting the project and its usefulness to support sustainable organisational performance.
Management Accounting
Learning Outcomes
By the end of this unit a student will be able to:
1 Demonstrate an understanding of management accounting systems.
2 Apply a range of management accounting techniques.
3 Explain the use of planning tools used in management accounting.
4 Compare ways in which organisations could use management accounting to respond to financial problems.
Management and Operations
Learning Outcomes
By the end of this unit a student will be able to:
1 Differentiate between the role of a leader and the function of a manager.
2 Apply the role of a leader and the function of a manager in given contexts.
3 Demonstrate an appreciation of the role leaders and managers play in the operations function of an organisation.
4 Demonstrate an understanding of the relationship between leadership and management in a contemporary business environment.