Entrepreneurship And Study Paper

Entrepreneurship And Study PaperThis is an individual task· All 4 sections should be attempted· Each section is equally weighted (25% each of task total)· The task must be spell and grammar checked prior to uploadFormalities:· Wordcount: Each section should be between 500-600 words· Cover, Table of Contents, References and Appendix are excluded of the total wordcount.· Font: Arial 12,5 pts.· Text alignment: Justified.· Harvard citation style referencing (in-text References and Bibliography)It assesses the following learning outcomes:· Outcome 1: demonstrate understanding of the concept of entrepreneurship and main traits of an entrepreneur· Outcome 2: categorize and assess business opportunities and their feasibility· Outcome 3: apply appropriate analytical frameworks· Outcome 4: demonstrate analytical and conceptual skillsSection 1. Introduction to Entrepreneurship:Identify and explain characteristics which differentiate an entrepreneurial venture from an established business.Section 2. Developing Successful New Ideas opportunities frequently result from changes in the external environment. Identify examples of environmental trends and the business opportunity that has resulted.Section 3. Moving from Idea to OpportunityWhat are the purposes and uses of a business plan? Identify key areas that an effective business plan needs to address.Section 4. Issues Confronting New VenturesExplain why awareness and availability of a new product/service need to be highly coordinated for a new venture to succeed. Identify different ways of creating awareness.Exceptional 90-100Good 80-89Fair 70-79Marginal fail 60-69Knowledge & Understanding (40%)Student demonstrates excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner.Student demonstrates good understanding of the task and mentions some relevant concepts and demonstrates use of the relevant vocabulary.Student understands the task and provides minimum theory and/or some use of vocabulary.Student understands the task and attempts to answer the question but does not mention key concepts or uses minimum amount of relevant vocabulary.Application (20%)Student applies fully relevant knowledge from the topics delivered in class.Student applies mostly relevant knowledge from the topics delivered in class.Student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident.Student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.Critical Thinking (20%)Student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors.Student critically assesses in good ways, drawing conclusions from relevant authors and references.Student provides some insights but stays on the surface of the topic. References may not be relevant.Student makes little or none critical thinking insights, does not quote appropriate authors, and does not provide valid sources.Communication (20%)Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheckStudent communicates their ideas clearly and concisely, respecting word count, grammar and spellcheckStudent communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident.Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident. Rubrics