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← Enterprise & Innovation

ENT2040 Create The Venture

Intermediate · 1 credit · BIT - Business, Admin, Finance and IT

Description
Students create and assess a venture plan.
Prerequisite
None
Parameters
No specialized equipment or facilities.
Supporting courses
ENT1010: Challenge & Opportunity ENT1020: Elements of a Venture Plan

Outcomes The student will:

  • 1 implement a venture

    • 1.1 identify the startup requirements for the venture

    • 1.2 select the form of business ownership for the venture

    • 1.3 analyze why businesses fail and illustrate the consequences of poor and/or inadequate planning

    • 1.4 devise and implement a market plan considering:

      • 1.4.1 sales and distribution

      • 1.4.2 advertising

      • 1.4.3 pricing

    • 1.5 explain the need for and limitations of a budget and its implications in the financial plan of the venture including:

      • 1.5.1 income

      • 1.5.2 expenditures; e.g., production, labour, distribution, marketing

    • 1.6 prepare a cash flow projection

    • 1.7 identify human resource needs and how these are to be met

    • 1.8 identify career ladders for personnel

  • 2 describe management procedures required to start the venture

    • 2.1 describe the functions of management

    • 2.2 identify procedures required to start a venture

  • 3 demonstrate leadership qualities in implementing the venture

    • 3.1 explain management models and leadership styles

    • 3.2 demonstrate problem-solving and decision-making abilities at each implementation stage of the venture

    • 3.3 explain short- and long-range plans for the venture

  • 4 assess the venture

    • 4.1 design a strategy for measuring, monitoring and controlling results against the plans

    • 4.2 describe the product or service in terms of:

      • 4.2.1 characteristics; e.g., quality, excellence

      • 4.2.2 labour; e.g., availability, efficiency, effectiveness

      • 4.2.3 suppliers

      • 4.2.4 equipment/technology

      • 4.2.5 property and facilities

      • 4.2.6 cost data

    • 4.3 compare and contrast various ways of assessing ventures

    • 4.4 identify a set of criteria to assess the venture

    • 4.5 explain personal/individual motives in relation to the development and creation of the venture

    • 4.6 relate leadership strategies to venture analysis

    • 4.7 evaluate the lifestyle implications of the venture

    • 4.8 analyze the venture in terms of change and trends projected for the future

    • 4.9 prepare a written critique of the venture

  • 5 demonstrate basic competencies

    • 5.1 demonstrate fundamental skills to:

      • 5.1.1 communicate

      • 5.1.2 manage information

      • 5.1.3 use numbers

      • 5.1.4 think and solve problems

    • 5.2 demonstrate personal management skills to:

      • 5.2.1 demonstrate positive attitudes and behaviours

      • 5.2.2 be responsible

      • 5.2.3 be adaptable

      • 5.2.4 learn continuously

      • 5.2.5 work safely

    • 5.3 demonstrate teamwork skills to:

      • 5.3.1 work with others

      • 5.3.2 participate in projects and tasks

  • 6 identify possible life roles related to the skills and content of this cluster

    • 6.1 recognize and then analyze the opportunities and barriers in the immediate environment

    • 6.2 identify potential resources to minimize barriers and maximize opportunities

Program of Studies 2009. Source document, © Alberta Education.