| Entrepreneurship 12 |
| Entrepreneurial Concepts |
It is expected that students will:
- identify and evaluate ethical business opportunities that emerge from an environmental scan
- design, review, and present a feasibility study for a business idea
- select, use, evaluate, and defend appropriate research methods used to establish market potential
- describe methods that protect intellectual property
- explain the role of innovation in entrepreneurship
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| Business Plan Formulation |
It is expected that students will:
- develop and evaluate a business plan and operating strategy for a venture
- create a mission statement and objectives for a venture
- compare the criteria used by various sources of venture capital to provide funding
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| Business Plan Operation |
It is expected that students will:
- implement a venture to take advantage of an opportunity
- assess a venture in terms of its objectives
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| Teamwork and Networking |
It is expected that students will:
- identify the roles of leadership and teamwork in entrepreneurial activity
- apply teamwork skills to solve a business problem
- demonstrate a commitment to high standards of legal and ethical behaviour when operating a venture
- assess how personal attributes influence the success of a venture
- establish and use criteria to evaluate group processes and their own roles and contributions to the group process
- develop and maintain a personal network of business contacts
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| Management Innovation 12 |
| Organizing for Business |
It is expected that students will:
- describe the role of entrepreneurship in the establishment of businesses
- compare various types of legal forms of business with regard to ease of formation, ability to raise capital, division of ownership and control, liability considerations, and continuity
- analyse the formal organizational structures of a range of existing businesses
- describe changes and adjustments that businesses make as they grow and develop, including diversifying, creating subsidiaries and franchises, and expanding internationally
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| Managing for Business |
It is expected that students will:
- describe a range of corporate cultures and the underlying value system associated with each
- explain the management functions of planning, organizing, directing, and controlling
- identify and describe ways in which individuals handle management functions in an ethical manner
- identify and evaluate a range of management styles
- evaluate a range of motivational and leadership models
- apply collaborative problem-solving and decision-making skills and co-operative strategies to complete business tasks
- demonstrate aspects of human resource management in fulfilling team goals
- describe human resource management practices that include issues of harassment, gender bias, ethical standards, and diverse cultural values
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| Opportunities Within Organizations |
It is expected that students will:
- identify, describe, and analyse external challenges to business, including increasing competition, globalization, changing customer needs and wants, demographic change, unions, government intervention, and societal influences
- analyse the impact on business of external factors, including unions, government intervention, societal influences, and competitors
- explain the impact on business of internal factors, including the hierarchical structure, internal bureaucracy, communication flow, and established policies
- analyse the effects of information technology on the structure of organizations
- compare business management to intrapreneurship within a business
- describe the role intrapreneurship plays in business renewal
- analyse aspects of organizations and identify instances in which intrapreneurship was applied or could have been applied
- evaluate intrapreneurial opportunities in work experience environments or career pathways
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| Entrepreneurship in Organizations |
It is expected that students will:
- evaluate the readiness of corporate cultures to accommodate intrapreneurial activity
- outline the skills and attributes needed by individuals to manage and respond to change in the workplace
- analyse models that show how organizations introduce innovative activity in response to challenges and change, including venture teams, outsourcing, and re-engineering
- apply intrapreneurial principles to address business challenges
- evaluate the contribution of intrapreneurial activity to corporate cultures, and its impact on the well-being of workers
- describe the entrepreneurial spirit currently found in existing organizations
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