Entrepreneurship

Component - Essay

Learning Outcome 1: Critically apply and evaluate concepts and knowledge about enterprise and entrepreneurship from a range of perspectives: for example as an entrepreneur, intrapreneur, support provider or policy maker.

Learning Outcome 2: To evaluate and review entrepreneurial and enterprise opportunities.

TASK DESCRIPTION

Component 1
We have all watched in the news the devastating natural disasters in various parts of the world in recent years. Most scientists in the world blame global warming for these events.
For this module you are required to write a business plan based on a renewable energy business idea.
The idea can be based in any part of the world if you can find data and sources to back up your arguments.
Ensure your business idea and each key component of the business plan is addressed clearly. You can include graphs, charts, and images to help the readers put your idea into context (ensure they are appropriately referenced).

Your business plan should cover the following key business plan components.

1. Title page (program of study, module name and code, your assignment title and the lecturer's name).
2. Table of Contents
3. An overview of your proposed business idea (Product/Service). (400 words)
4. Identify a gap in the market and provide a brief discussion on how your business idea/plan aims to address it. (400 words)
5. The proposed location of your business and its legal entity, along with a justification for both. (400 words)
6. Clear understanding of the business's strengths, weaknesses, opportunities and threats (SWOT analysis). (400 words)
7. Explanation of your target market and the strategies you will adopt to capture your target Market. (500 words)
8. Include a brief budgeting or financial plan and determine the funding requirements. Identify the potential external funding sources and provide justification for your choices. (400 words)
9. List of References (not included in the word count)

1. Engagement with Literature Skills
Your work must be informed and supported by scholarly material that is relevant to and focused on the task(s) set; you should make use of scholarly reviews andprimary sources, as appropriate (for example, refereed research articles and/or original materialsappropriate to the discipline). You should provide evidence that you have accessed a wide range of sources, which may be academic, governmental and industrial; these sources may include academic journal articles, textbooks, current news articles, organisational documents, and websites. You should consider the credibility of your sources; academic journals are normally highly credible sources while websites require careful consideration/selection and should be used sparingly. Any sources you use should be current and up-to-date, mostly published within the last five years or so, though seminal/important works in the field may be older. You must provide evidence of your research/own reading throughout your work, using correctly a suitable referencing system, includingin-text citations in the main body of your work and a reference list at the end of your work.

2. Knowledge and Understanding Skills
At level 7, you should be able to demonstrate asystematic understanding of knowledge, and a critical awareness of current problemsand/or new insights, much of which is at, or informed by, the forefront of your academicdiscipline, field of study or area of professional practice, with a comprehensive understanding of techniques applicable to your own research oradvanced scholarship. Your work must demonstrate your growing mastery of these concepts, principles, current challenges, innovation and insights associated with the subject area. Knowledge relates to the facts, information and skills you have acquired through your learning. You demonstrate your understanding by interpreting the meaning of the facts and information (knowledge). This means that you need to select and include in your work the contemporary concepts, techniques, models, theories, etc. appropriate to the task(s) set. You should be able to explain the theories, concepts, etc. meaningfully to show your understanding. Your mark/grade will also depend upon the extent to which you demonstrate your knowledge and understanding; ideally each should be complete and detailed, with comprehensive coverage.

Guidance specific to this assessment:

Your submission should:
• Demonstrate systematic understanding of the key theories and concepts of the subject.
• Exhibit knowledge application of the key concepts and theories.

3. Cognitive and Intellectual Skills
You should be able to:evaluate critically current research and advanced scholarship inthe discipline; evaluate methodologies and develop critiques of them and, whereappropriate, to propose new hypotheses; deal with complex issues both systematically and creatively to make sound judgements in the absence of complete data. Your work must contain evidence of logical, analytical thinking, evaluation and synthesis. For example, to examine and break information down into parts, make inferences, compile, compare and contrast information. This means not just describing what! But also justifying: Why? How? When? Who? Where? At what cost? At all times, you must provide justification for your arguments and judgements. Evidence that you have reflected upon the ideas of experts within the subject area is crucial to you providing a reasoned and informed debate within your work. Your choice of methodologies to gather data and information must be rigorously defended. Furthermore, you should provide evidence that you are able to make sound judgements and convincing arguments using data and concepts. Sound, valid, persuasive conclusions are necessary and must be derived from the content of your work. Where relevant, alternative solutions and recommendations may be proposed.

4. Practical Skills
At level 7, you should be able to demonstrate originality in the application of knowledge, together with a practical understanding ofhow established techniques of research and enquiry are used to create and interpretknowledge in the discipline.This includes acting autonomously in planning and implementing tasks at a professional orequivalent level, originality in tackling and solving problems, and decision-making in complex and unpredictable contexts or situations.

You should be able to demonstrate mastery of the leading edge subject-related concepts and ideas as they relate to real world situations and/or particular contexts. How do they work in practice? You will deploy models, methods, techniques, and/or theories, in those contexts or circumstances, to assess current situations, perhaps to formulate plans or plausible, justifiable recommendations to solve problems, or to propose new models, or to create artefacts, which may be innovative and creative, thereby demonstrating your understanding ofhow the boundaries of knowledge areadvanced through research and/or application. This is likely to involve, for instance, the use of real world artefacts, examples and cases, the application of a model within an organisation and/or benchmarking one theory or organisation against others.

5. Transferable Skills for Life and Professional Practice
Your work must provide evidence of the qualities and transferable skills necessary for postgraduate-level employment in circumstances requiring sound judgement, personalresponsibility and initiative in complex and unpredictable professional environments. This includes demonstrating:the independent learning ability for continuing professional development to advance existing skills and acquire new competences of a professional nature that will enable you to assume significant responsibility within organisations;that you can initiate and complete tasks, projects and procedures, whether individually and/or collaboratively, to a professional level; that you can use appropriate media to effectively communicate information, arguments and analysis in a variety of forms for a variety of audiences; fluency of expression; clarity and effectiveness in presentation and organisation.Work should be coherent and well-structured in presentation and organisation.