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Module Title: Entrepreneurship, Enterprise and Innovation Module Code: 218MANSC/ 218MANEL Assessment Type: Coursework Assessment Number: 1 Study Mode: Full-time Weighting: 40% Submission Date:...

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Module Title: Entrepreneurship, Enterprise and Innovation
Module Code: 218MANSC/ 218MANEL
Assessment Type: Coursework
Assessment Number: 1
Study Mode: Full-time
Weighting: 40%
Submission Date: 20/06/2020
Submission Time: 18:00
15 minute pitch 5 minute questions
Introduction:
You are considering going into business on your own with an idea to help regenerate the local area through a project. You have thought of a great new product or service but you don’t have the funds to develop the idea. Having researched the market you have chosen to find a source of finance. The panel represent your source of finance and your presentation should represent this. To secure your funding you need to provide a sound case of why your product or service would be successful in bringing positive change to area and why you are the right person to make it happen.
Completion of this assignment will address the following learning outcomes:
1 Appraise the theories and practice of entrepreneurship, enterprise and innovation. 3 Explore the behaviours, characteristics, competencies and personalities of a range of entrepreneurs and evaluate against students’ own behaviours, characteristics, personality and competencies to assess their potential as an entrepreneur. 4 Evaluate internal and external factors affecting the development and creation of an entrepreneurial culture. 5 Analyse and discuss the process of a business start-up from conception to execution.
Task:
Title: The Big Idea You are required to create a presentation to pitch a new product/service project as an entrepreneur. Your pitch should be 15 minutes long with an additional 5 minutes allocated for questions. The panel you are presenting to represent Spacehive. They will be investing in you just as much as your product or service idea for the local area. Your presentation should represent this chosen source of support and funding and explore your capability in making the venture a success and what benefits to the area it will bring. Your pitch should cover learning outcome 1, 3, 4 & 5

Guidance notes and considerations
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* Collusion between students (where sections of your work are similar to the work submitted by other students in this or previous module cohorts) is taken extremely seriously and will be reported to the academic conduct panel. This applies to all coursework and exam answers.
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Where earlier work by you is citable, ie. it has already been published/submitted, you must reference it clearly. Identical pieces of work submitted concurrently will also be considered to be self-plagiarism.

Submission Guidelines
There should be a title page which clearly identifies the following;
* Name of the module
* Title of the Assessment * Assessment number
* Word count
The word count identified includes quotations, but excludes the bibliography and unless specifically stated, encompasses a discrepancy of + or – 10%.
Answered Same Day Jun 10, 2021

Solution

Abhinaba answered on Jun 24 2021
140 Votes
Online Medicine Supply
Online Medicine Supply
Appraisal of the theories, practice of entrepreneurship, enterprises and innovation
Entrepreneurs are the ones who starts an authentic business
In order to start a business or enterprise there is a need for inner strengths and skills
The idea of the innovations should be present within the entrepreneurs
This can help in providing a proper platform to the new star up
Entrepreneurship must be seen to be liberating owing to the single owne
A good entrepreneur can develop from accumulation of good ideas and having proper training. Thus with the use of the proper skills and innovation the entrepreneur can develop an unique and out of the box start up organisation (Dheer, 2017). Entrepreneurs are instrumental in heading their own business for ensuring effective functioning of their operational function, and ensure that they strive for long. In this case the entrepreneur deals with the online medicine supplies since the need of medical supplies have been observed to one of the most alarming need given the state of COVID-19

2
Exploration of the behaviors, characteristics, competencies and personalities of the entrepreneu
The behavioral trait of Dyson regarding his working on a single thing is ignorance about the external market, other competition might surpass him
Richard Branson has treated his employees well in order to strengthen his organization
Simon Cowell’s egoistic attitude must be seen as a drawback for an entrepreneur.
Persistent diplomacy should be the mindset while starting a business.
These sets of personality, competency, characteristics are very important to develop a proper entrepreneur (Wales et al. 2019). These are all evident in this case of developing a new startup associated with the online medicine delivery. Gaining an understanding of the behavioural conducts of Dyson will help to focus on the shortcomings that might arise for an entrepreneur. When in the year 1978 he grew completely impatient with the air filters that got clogged at his factory in Ballba
ow, he worked on building prototypes for more than 5 years, this might arise as a shortcoming because in the five he got away with sheer luck. Say there had been a company delivering top-notch air filters that would have surpassed Dyson, even after him giving so much effort behind it. On the other hand, the thing to learn from Richard Branson is the fact about how he treats his employees as co-workers and not simply as his subordinates. This ensures a harmonious work culture in his organization. He has ha
oured the facet of humility for his eagerness to learn more and more. He had always intended to take care of his employees and be patient with them and cared about their well-beings this behavioural trait is out of innate goodness.
Lastly, it is to keep in mind the attitude that Simon Cowell exhibits oozes out of his egoistic nature. His rude demeanour and his indignant attitude might have helped him come a long way in business. Still it is temporary because he faces trouble getting collaboration because of his attitude. An entrepreneur should conceive this factor and discard it immediately that would otherwise make him a dictator in his business, that will only be ephemeral and not survive in the long run.
3
Evaluation of the internal and external factors affecting the entrepreneurial culture
Internal factors like effective communication and the learning process have ensured organizational success of Elon Musk.
Internally psychological safety considering the employees...
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