Unit level 5
Assignment Summary:
When completing the tasks provided please ensure you directly address each assessment criterion paying
particular attention to the command verb requirements. For ease of reference relevant command verbs
have been underlined.
Scenario:
You are a senior member of the Federation of Small Businesses (FSB) and you have been asked by your
peers to consider ways in which the FSB could positively promote entrepreneurship in the local area.
As a result you have been asked to create a report aimed at encouraging and supporting potential
entrepreneurs to start a new business.
The overall aim of the report is to explore the range of business ventures available to entrepreneurs,
assess the impact small businesses have on the economy, assess the ‘entrepreneurial mindset’ and
examine different environments that foster and hinder entrepreneurship.
Part 1
Pass: This task provides you with the opportunity to achieve: P1, P2, P3 and P4.
Your report should include the following:
P1: Provide an introduction to the report by examining different types of entrepreneurial ventures and
explaining how they relate to the typology (different types) of entrepreneurship. Your introduction
should aim to define entrepreneurship and explore entrepreneurship scope and typology.
P3: Present, interpret and assess relevant data and statistic to illustrate the impact micro and small
business have on the economy. You should consider local, regional, national and international
economic impacts.
P4: Building on the information you provided for P3, you must explain the importance that small
businesses and business start-ups on the growth of the social economy.
Merit: This task provides you with the opportunity to achieve: M1 and M2.
M1: To achieve M1 you are required to develop your response to P1 and P2 by investigating a diverse
range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship in both public
and private sector.
M2: To achieve M2 you are required to develop your response to P3 and P4 by evaluating the
differences that small, medium and large businesses make to the economy, applying relevant data and
statistics.
Distinction: This task provides you with the opportunity to achieve D1 and D2.
D1: To achieve D1 you are required to develop your response to all aspects of task 1 by critically
examining the scope, development and growth of entrepreneurship ventures.
D2: To achieve D2 you are required to develop your response to all aspects of task 1 by critically
examining how small businesses have an impact on different levels of the economy in a local, regional,
national and international context.
Pass: This task provides you with the opportunity to achieve: P5, P6 and P7.
Your report should include the following:
P5: Determine what makes a successful entrepreneur. You could consider examples of successful
entrepreneurs and determine the characteristic traits and skills they possess. Similarly, you could
explore whether entrepreneurs are born or made and whether entrepreneurship skills can be learned
over time.
P6: Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and
mindset. You may wish to consider how personality is shaped by family upbringing, lifestyle, cultural
differences and personal motivation and drivers amongst other factors.
P7: Examine, using relevant examples, how a person’s background and past experiences can hinder or
foster entrepreneurship. Factors to consider may include level and type of education, national culture,
economic circumstances and character traits. The risks and rewards of starting a business should also
be considered.
Merit: This task provides you with the opportunity to achieve: M3 and M4.
M3: To achieve M3 you are required to develop your response to P5 and P6 by exploring and
examining different lines of argument relating to entrepreneurial characteristics.
M4: To achieve M4 you are required to develop your response to P7 by analysing the link between
entrepreneurial characteristics and the influences of personal background and experience to specific
successful entrepreneurs.
Argue Present a case for and against a proposal or statement and present
your own opinion at the end.
Contrast Look at two or more things and draw out differences. State
whether the differences are significant.
Critically evaluate Weigh arguments for and against something, assess the strength of
evidence on both sides.
Explain Make it clear why something happens or why it is the way it is.
Outline Give only the main points, show only the main structure.
Relate (Two
1. Show how ideas / theories/ events etc are linked or connected.
meanings)
Summarise Draw out the main points, omitting detail and examples.
To what extent… How far is something true, or contributes to a final outcome. Also
how far is it not true? In academic writing the answer is usually
somewhere in the middle.