MGMT2224 - Introduction to Entrepreneurship and Business Plan - Management Assignment Help

Assignment Task

Relevant Course Objectives:

Knowledge

• Describe how attitudes, competition, financial management, preparation and people management impact the success and failure of entrepreneurs

• Identify key entrepreneurial theories and link the theories to successful entrepreneurial practice

• Describe the process of identifying, developing and implementing a business idea

• Outline the principles and processes of strategic management

• Examine the critical elements of an effective business plan

• Compare and contrast forms of business ownership based on their features, advantages and disadvantages

Skills

• Assess the viability of a business venture from idea conception to implementation of the business plan

• Develop a strategic plan which will build a competitive advantage for a new business venture

• Develop an effective strategic business plan that will lead to the successful startup of a new entrepreneurial venture

• Construct and verbally communicate an effective business plan to acquire financing for a new business venture

• Create a marketing plan which will attract customers to a business and foster a competitive edge for a new business venture

• Prepare financial plan and statements for the financial management of a new or existing business venture

• Justify the need for entrepreneurs based on their contributions to job creation in a Society

• Value constructive criticism in decision-making for assessing entrepreneurial business ideas

• Relate your acceptance of entrepreneurial ideas that are beneficial to an organization

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