BUS302 ENTREPRENEURSHIP-A CASE STUDY ASSESSMENT ANSWER

Explain BUS302 entrepreneurship – a case study

This code BUS302 Assessment Answer is a graduate course which is offered by the Victoria University which offer the students of Australia with higher education related to management and one of the important aspect of management is entrepreneurship which is been taught through this code. In this code a detailed overview of the entrepreneurship is been provided to the students which will provide the students with a detailed overview how to implement the skills of an individual in order to establish a new business within the market and growing it in order to compete with the existing competitors with the market in an effective and efficient way.

Entrepreneurship is defined as the process of creating or extracting value.  With some of this concept, entrepreneurialism is defined as a process of change that involves more risk than is often associated with starting a firm and may include values other than financial ones. An entrepreneur is a person who starts a new firm and bears the most of the risks while reaping the majority of the benefits. BUS302 Assessment Answer Entrepreneurship refers to the practice of opening a company. The entrepreneurs is frequently portrayed as a pioneer, a provider of radical innovations, products, activities, and/or business operations.

Importance of entrepreneurship

Entrepreneurship was critical for quite a myriad of purposes, including societal transformation and creativity. Entrepreneurs are generally viewed as national resources that should be nurtured, driven, and rewarded to the fullest extent feasible. In fact, thanks to outstanding forward-thinking invention, study, and enterprising individuals, some of the most developed nations, such as the United States, are world leaders. There are several ways that the entrepreneurship contributes towards the country where it has started its new business which are as follows:

• It helps in the economic growth of the the country by by developing new products and services within the country which is helping in boosting the the gross domestic product of the country where it operates.
• Secondly it helps in in enhancing the national income of the company by generating new wealth for the society which is providing income to several individuals within the the country as a result national income is increasing.
• Thirdly it helps in the development of the community by providing job and reducing the unemployment rate, and also reducing the importing rate with the country by producing local products.

Unit details:-

In this unit the student is going to understand all the aspects related to the entrepreneurship in order to provide the students with a detailed overview how to implement the skills of an individual in order to establish a new business within the market and growing it in order to compete with the existing competitors with the market in an effective and efficient way. As a result the student need to complete this code by qualifying in order to complete the course of entrepreneurship.

The unit describes the details skills and knowledge which is required in order to establish the standards for the production and design of the organizational document in order to manage the document design and production process which will ensure the agreed standards are met. It applies that the individual employed in a range of work environment who are required for the development of the skills which will use to range of software packages. The individuals used this set of skills in order to establish the document and also to implement the consistency of standards within the document design of the organization.

Location:-

The Victoria University is a University which is based on Melbourne Australia provides undergraduate and postgraduate courses to both the local peoples as well as the international students across the world.

Study level: -

The study level is a graduate level certificate course upon the Entrepreneurship which was provided by the Victoria University in Australia.

Unit code:-

The unit code is BUS302 Assignment Solutions which is regarding the Entrepreneurship in order to provide the students with a detailed overview how to implement the skills of an individual in order to establish a new business within the market and growing it in order to compete with the existing competitors with the market in an effective and efficient way. Course is been offered to the student it in a 8 week ok model where the student get enough interaction with the colleagues, which will enhance their knowledge and also there are many industry leaders who guide them to understand the aspects in a better and practical way. For becoming a good entrepreneur it is required to gather knowledge from others which is an integral part of this unit.

Brief of Assessment:

In this BUS302 assignments students need to show their ability, knowledge, and understanding about the concept of entrepreneurship and its implication. As a result the report is been divided into three parts the first part comprises of the understanding and the purpose of the report which the student need to to define. Followed by this the student need to do a detailed analysis taking consideration of the literature which have been published regarding entrepreneurship and also the well-known articles and journals, in order to understand and scrutinize how the entrepreneurship concept is changing over the year followed by this the importance, types, advantages and disadvantages of entrepreneurship need to be highlighted and the report. Finally summarizing giving their own reflection upon the topic in order to understand how the entrepreneurship concept was taken by the student.

What is the Weightage of this BUS302 Course Code in Their Semester?

The total weightage this unit it holds is 40% of the total course marks as a result it is an important it model which the student need to qualify in order to get the certification of this course. This course will have several aspects which the student need to follow in order to understand what is intrapreneurship, and how it is beneficial for the business, and its advantages and disadvantages every aspects has their own set of weight age. In order to fulfill all the criteria the student need to showcase their high quality understanding about the concept of entrepreneurship which will help them to succeed in this course.

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