ENT3010 Managing The Venture
Advanced · 1 credit · BIT - Business, Admin, Finance and IT
- Description
- Students develop management procedures for a venture.
- Prerequisite
- None
- Parameters
- No specialized equipment or facilities.
- Supporting courses
- ENT2040: Create the Venture
Outcomes The student will:
1 describe management procedures necessary to implement the venture
1.1 evaluate the objectives and goals of the venture plan
1.2 create an organizational structure to achieve the goals and objectives of the venture
2 manage the venture by making decisions
2.1 create a plan of action to fulfill venture requirements in terms of:
2.1.1 capital
2.1.2 labour
2.1.3 marketing
2.1.4 production/service
2.2 appraise government regulations dealing with:
2.2.1 health; e.g., Public Health Act
2.2.2 safety; e.g., Occupational Health and Safety Act
2.2.3 compensation
2.2.4 terms and conditions of employment; e.g., Canada Labour Code, Employment Standards Act
2.3 describe ethical and unethical business practices
2.4 create and maintain effective internal/external communication functions
3 manage the venture by managing human resources
3.1 describe the necessary components/strategies of:
3.1.1 recruitment
3.1.2 human resource development
3.2 explain the role of the human resources area within business
3.3 explain the characteristics for a supervisor role
3.4 describe the tangible and intangible components of recognition
4 manage the venture by managing finances
4.1 describe source documents including:
4.1.1 sales receipts
4.1.2 cash register records
4.1.3 cheque stubs
4.2 describe accounting functions including:
4.2.1 cash flow
4.2.2 profit and loss
4.2.3 balance sheet
4.3 perform banking functions including:
4.3.1 identify banking institutions
4.3.2 properly complete various forms
4.4 create a sample payroll
4.5 explain the function of accounts receivable and accounts payable in relation to cash flow
5 describe procedures to monitor and revise the venture plan
5.1 evaluate the impact of working conditions on organizational culture
5.2 explain the impact of morale on productivity
5.3 demonstrate dispute resolution strategies
5.4 demonstrate negotiating skills
5.5 propose a system to deal with tardiness and absenteeism
5.6 devise a plan to encourage:
5.6.1 team building
5.6.2 professionalism
5.7 complete a performance appraisal
6 describe the monitoring procedure and revisions to the venture plan
6.1 identify factors in the venture plan that require monitoring including:
6.1.1 cash flow
6.1.2 customer/client satisfaction
6.1.3 human resource effectiveness
6.1.4 supplies and inventory
6.1.5 other factors
6.2 create a time line indicating when and how often each factor will be monitored
6.3 explain external factors that may affect the venture including:
6.3.1 fluctuating economy
6.3.2 fads
6.3.3 seasonal variations
6.4 propose adjustments to remedy inconsistencies
6.5 identify strategies for changing a plan in progress
6.6 describe circumstances when it may be appropriate to downsize or terminate the venture
6.7 devise a plan to address the requirements and responsibilities involved in downsizing or terminating a venture
7 demonstrate basic competencies
7.1 demonstrate fundamental skills to:
7.1.1 communicate
7.1.2 manage information
7.1.3 use numbers
7.1.4 think and solve problems
7.2 demonstrate personal management skills to:
7.2.1 demonstrate positive attitudes and behaviours
7.2.2 be responsible
7.2.3 be adaptable
7.2.4 learn continuously
7.2.5 work safely
7.3 demonstrate teamwork skills to:
7.3.1 work with others
7.3.2 participate in projects and tasks
8 create a transitional strategy to accommodate personal changes and build personal values
8.1 identify short-term and long-term goals
8.2 identify steps to achieve goals
Program of Studies 2009. Source document, © Alberta Education.