Week 1 Assessments
This week you submit:
· Collaboration
initial response to Turnitin and to the Collaboration Forum (Saturday, Day 3).
· Collaboration
responses to the Collaboration Forum (Wednesday, Day 7).
· Post
your venture idea to the Collaboration Forum by Saturday (Day 3).
· Submit
your Module Project to the Turnitin link provided by Wednesday (Day 7).
Collaboration:
Implications of entrepreneurial activity
The goal of entrepreneurs is to
recognise opportunities and bring about change in their personal or family life
as well as in their professional life. However, change can be uncomfortable for
a small community, even if the entrepreneurial venture will provide benefits.
You may often hear of cases where well-intentioned entrepreneurs want to
improve their social and financial status but neglect to involve key community
members, thus compounding the fears of said communities, especially in emerging
markets.
Despite some of the negative stories,
emerging market examples such as Brazil, India, Poland and Myanmar illustrate a
positive picture for entrepreneurs. However, some of these markets do suffer
from resource scarcity, raising the question of whether entrepreneurial
activity is always helpful to indigenous communities. With that in mind, are
there situations in which entrepreneurial activity could hinder the social and
economic livelihoods of people living in certain emerging markets? For this
first Collaboration, reflect on these thoughts and evaluate the positive and
negative attributes of entrepreneurial activity in emerging markets. Then, take
a position on whether or not entrepreneurial activity adversely affects
communities in emerging markets.
To prepare for this
Collaboration:
Review your Learning Resources with a
focus on emerging markets and the effects of entrepreneurial activity.
Research the current state of emerging
markets.
Take a position on whether
entrepreneurial activity within emerging markets provides a social and economic
hindrance or benefit.
Research two emerging markets to defend
your position.
Identify the effects of entrepreneurial
activity within emerging markets.
Reflect on the positives and negatives
of entrepreneurial activity with respect to its effects on indigenous
communities.
Note: Be sure to read over your post
before submitting it to make sure the spelling and grammar for your post are
correct, and the language you are using is appropriate for academic writing.
To complete this Collaboration:
By Saturday (Day 3)
In an approximately 300-500 word
response, address the following
· Evaluate
the positives and negatives of entrepreneurial activity in regards to its
social and economic implications regarding indigenous communities. Justify your
reasoning.
· Analyse
how these implications affect indigenous communities within your two researched
emerging markets.
· Based
on your evaluation and analysis, explain your position as to whether or not
entrepreneurial activity within an emerging market is socially and/or
economically beneficial.
· Support
your position with specific examples from your researched emerging markets.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
Post your initial response to the
Collaboration Forum.
By Wednesday (Day 7)
Post 3-5 responses to your colleagues
in which you:
Support or refute their position on the
social and/or economic benefits or hindrances caused by entrepreneurial
activity within emerging markets.
Compare the effects of entrepreneurial activity
in their researched emerging markets to your researched markets.
Support any claims you make with
evidence from the Learning Resources, your own research and/or your own
experiences.
Ensure that you spread your
collaboration posts across at least three separate days of each week. This will
help maximise the value of your collaboration with colleagues and serve to meet
the Learning Objectives for each activity.
To access the Collaboration Forum,
click on the "Week 1 Collaboration Forum" link.
To submit your initial response to
Turnitin, click on the "View/Complete" link for Week 01 Collaboration
Initial Response -- Turnitin.
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Week 2 Assessments
This week you submit:
·
Collaboration initial response to
Turnitin and to the Collaboration Forum (Saturday, Day 3)
·
Collaboration responses to the
Collaboration Forum (Wednesday, Day 7)
·
Submit your PDP to the Turnitin link by
Wednesday (Day 7)
Collaboration:
Evolution of emerging markets: Part 1 (2-week activity)
In the late 1990’s, there was an
explosion of technology start-up businesses centred on the onset of the
Internet. Known as the ‘dotcom bubble’ of 1995–2001, it refers to the rapid
growth of Internet businesses over a rather short period, before ultimately
bursting, which resulted in many of these start-ups failing.
Entrepreneurs thought that anything
could be sold if it were online, regardless of their marketing (or lack
thereof). Those that survived dropped considerably in their value.
Nevertheless, the Internet has become a catalyst to many other technology
start-ups. The entrepreneurs at the helm of these small businesses often seek
to develop some new, innovative piece of technology (code, applications or
hardware) with an exit strategy of acquisition by a larger corporation.
The globalisation of business has
enabled many of these entrepreneurs to seek these goals more effectively as
well, allowing them more options when it comes to building teams and acquiring
necessary development resources. However, as with the dotcom bubble, any
entrepreneurial boom can be affected by associated markets. With the global
nature of business within today’s emerging markets, entrepreneurs must be all
the more vigilant to indigenous political, social, environmental and economic
issues. With these considerations in mind, for this Collaboration select an
emerging market not discussed in this week’s Learning Resources and analyse how
changes in its market have impacted both entrepreneurial activities and
start-ups over the last 10 years.
To prepare for this
Collaboration:
Review your Learning Resources with a
focus on the growth of globalised entrepreneurial activities in emerging
markets.
Select an emerging market of interest
to you that is not covered in the Learning Resources.
Research how that market has changed
and evolved over the last 10 years.
Reflect on how changes in your selected
market have affected entrepreneurial activity and start-up businesses.
Identify the market factors that have
facilitated these changes.
Identify the societal benefits and
hindrances of entrepreneurial activity and start-up businesses within your
selected market.
To complete this Collaboration:
By Saturday (Day 3)
In an approximately 300-500 word
response, address the following
·
Briefly summarise your selected
emerging market and explain the changes that market has undergone over the last
10 years.
·
Analyse how your identified changes,
and the market factors that facilitated these changes, have affected entrepreneurial
activities and start-up businesses over the last 10 years.
·
Based on your analysis, explain whether
these changes have promoted or impeded start-up businesses within your selected
market. Justify your reasoning.
·
Evaluate the social value that
entrepreneurial activities and start-up businesses bring to your selected
emerging market. Justify your reasoning.
·
Support your analyses and evaluations
with specific examples of start-up businesses within your selected emerging market
or comparable emerging markets.
Post your initial response to the
Collaboration Forum.
By Wednesday (Day 7)
Post 3-5 responses to your colleagues
in which you:
Support or refute their evaluation on
the social value entrepreneurial activities and start-up businesses bring to
their selected emerging market.
Offer contributions based upon your
prior experience.
Extend the discussion into new but
relevant areas.
Model or promote critical reflection
from what you have read.
Ensure that you spread your collaboration
posts across at least three separate days of each week. This will help maximise
the value of your collaboration with colleagues and serve to meet the Learning
Objectives for each activity.
The Collaboration
Activity 2-Week Cycle
For the next 6 weeks, your
Collaboration Activities will follow a 2-week cycle, throughout which you will
interact with your peers on the Collaboration Forum to generate insights, hone
your discussion and analysis skills and challenge your conclusions.
At the beginning of every 2-week
Collaboration, you have until Saturday (Day 3) to post an initial individual
response of approximately 300-500 words to the Discussion prompt, as informed
by the readings and your prior knowledge. Then, you will engage in a dialogue
with your Discussion group to develop your thinking as best as possible until
Wednesday (Day 7).
You should use the Collaboration Forum
in any way that enhances your learning: share analyses, external resources,
personal experiences or notes on the module content. You are expected to
organically interact with your Discussion group, and you will receive feedback
on your interactions from your Instructor.
The second part of the 2-week
Collaboration will supply you with a new prompt to extend your collaboration
discussion until Monday (Day 5). Then, you have until Wednesday (Day 7) to
write and post your final individual summary reflecting on what you have
learned. Your collaboration participation will be assessed and graded over the
2-week cycle.
To access the Collaboration Forum,
click on the "Week 1 Collaboration Forum" link.
To submit your initial response to
Turnitin, click on the "View/Complete" link for Week 02 Collaboration
Initial Response -- Turnitin.
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Personal Development
Plan: Professional effectiveness action plan
In the first week of this module, you
developed an initial idea for a venture business within a new market. However,
when you developed that idea, how much time did you spend formally scrutinising
its merits and weaknesses? What about your own strengths and weaknesses as an
entrepreneur or even as an individual? Knowing your strengths and weaknesses is
critical to succeed in any endeavour, and the more you understand these
strengths and weaknesses, the better you can leverage opportunities and
neutralise potential threats.
Because of the importance of knowing
this information, throughout this module, you will conduct reflective
assignments in the form of a Personal Development Plan (PDP). Like other
modules in the Master of Business Administration programme, PDP assignments
will alternate with Module Project assignments. In the case of this first PDP
task, you are to reflect on the venture idea you depicted in the Week 1 Module
Project deliverable. Based on that idea, and the emerging market within which
you will deliver said idea, conduct a SWOT (strengths, weaknesses,
opportunities and threats) analysis on yourself and develop a professional
effectiveness action plan for how you will progress in further developing your
venture idea and your career. Please note this will enable you to look ‘inside
yourself’ so be candid in your self-analysis.
To prepare for this
Assignment:
Review your venture idea from the Week
1 individual Assignment.
Identify the strengths, weaknesses,
opportunities and threats of your venture idea from the Week 1 Assignment.
Identify your strengths and weaknesses
as an entrepreneur with respect to working within emerging markets.
Identify your opportunities for
personal and professional (i.e. with your venture and your career) growth.
Identify threats (challenges) to your
personal and professional progress.
Reflect on how you will effectively
grow professionally as an entrepreneur.
To complete this Assignment:
By Wednesday (Day 7)
Submit an approximately 1000-word PDP
in which you address the following:
In your plan, conduct a SWOT analysis
on yourself and your venture idea from the Week 1 Module Project submission
with respect to your personal and professional progress.
Develop a professional effectiveness
action plan. This should be a plan depicting how you will deliver your venture
idea, within your emerging market, in an effective manner.
Note: Your professional effectiveness
action plan should be reflective of all of your learning thus far in the
Masters of Business Administration programme. It is intended to be
introspective only for you and your Instructor.
This Assignment should also be prepared
and submitted to Turnitin using the Word (.doc or .docx) format no later than
midnight (Day 7) your local time.
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Week 3 Assessments
This week you submit:
·
Collaboration initial response to
Turnitin and to the Collaboration Forum (Saturday, Day 3).
·
Collaboration responses to the
Collaboration Forum (Wednesday, Day 7).
·
Submit your Module Project to the
Turnitin link provided by Wednesday (Day 7).
Collaboration:
Evolution of emerging markets: Part 2 (2-week activity)
Is there a challenge or obstacle that
is impossible to overcome? As you might expect, entrepreneurs encounter any
number of barriers that they must overcome in order to make their venture a
success.
As the last few weeks have shown, the
prospect of pursuing such ventures in an emerging market creates a completely
new breed of challenges. In fact, you may even live in an emerging market. Do
you see any similarity to our module topics in your own environment? You may be
aware of risks to your venture; have others overcome those risks? As the
emerging market ‘emerges’ and becomes more sophisticated in finance, information
and technology, will those risks lessen?
As a graduate student of the University
of Liverpool, the idea of insurmountable barriers might seem somewhat
ludicrous, as your role is to identify, understand and create rational
solutions to challenges. As an entrepreneur, you have the drive to succeed and
may believe certain barriers are merely challenges to be overcome. Regardless,
reflect on the emerging market you researched in last week’s Collaboration. Are
there perhaps political, cultural or social barriers that you could never
overcome? For this Collaboration, continue the discussions from last week and
take a position as to whether insurmountable barriers, in regards to starting a
venture, exist in your previously researched emerging market. Moreover,
evaluate the risks of that market’s top three barriers.
To prepare for this
Collaboration:
Review your Learning Resources with a
focus on the barriers of starting new ventures within emerging markets.
Review your Week 2 Learning Resources
as necessary.
Research your selected emerging market
from the Week 2 Collaboration with a focus on barriers to starting a new
venture.
Identify the main barriers to starting
a new venture within your selected emerging market.
Reflect on the feasibility of any of
these barriers being impossible to overcome.
Reflect on how these barriers could be
overcome.
To complete this Collaboration:
By Monday (Day 5)
Engage in a discussion by posting and
replying to each other’s posts (minimum three to five substantive responses you
should aim to collaborate on three separate days).
·
Identify the main barriers to starting
a new venture within your selected emerging market.
·
Explain which of your identified
barriers to be the top three. Justify your reasoning using specific examples
from the Learning Resources or your own research.
·
Evaluate the risks associated with your
top three barriers. Explain what you based your evaluation on and justify your
reasoning.
·
Explain whether any of these barriers
are insurmountable and why.
·
Recommend strategies for overcoming or
mitigating the risks associated with your identified barriers.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
Post 3-5 responses to your colleagues
in which you:
Ask additional questions about their
posts and offer additional suggestions regarding strategies for overcoming or
mitigating their evaluated risks.
Offer contributions based upon your
prior experience.
Extend the discussion into new but
relevant areas.
Support any claims you make with
evidence from the Learning Resources, your own research and/or your own
experiences.
Ensure that you spread your
collaboration posts across at least three separate days of each week. This will
help maximise the value of your collaboration with colleagues and serve to meet
the Learning Objectives for each activity.
Individual Summary:
By Wednesday (Day 7)
In an approximately 250-word response,
address the following:
Create a new post in which you provide
a final summary of what you have learned from this two-part Collaboration.
In your summary, address key themes,
issues, debates and/or arguments regarding the long-term potential of a viable
opportunity and how your personal values can contribute to a new business
venture.
Submit this summary to Turnitin and
post it to the Collaboration Forum.
To access the Collaboration Forum,
click on the "Week 3 Collaboration Forum" link.
To submit your initial response to
Turnitin, click on the "View/Complete" link for Week 03 Collaboration
Initial Response -- Turnitin.
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Module Project:
Summary and feasibility analysis rationale
You have a great idea for a new venture
and have discovered a phenomenal opportunity in a rapidly growing emerging
market. What do you do next?
While there are any number of things
you could do, perhaps one of the most prudent is to find a way to finance your
venture. That means meeting with a myriad of potential investors and trying to
convince them just how great of an opportunity your idea and market truly are.
Unfortunately, regardless of the size and type of your proposed venture,
finding enough money to start is usually a significant challenge.
In order to better your chances, a
feasibility analysis is an excellent tool to leverage your chances to find
money as it allows you to systematically break down and evaluate the potential
of your project. Consequently, the first part of such a feasibility analysis is
your next task for your Module Project. For this Assignment, you need to
incorporate viable feedback (from your colleagues and Instructor) for your
venture idea, which you developed during Week 1, and prepare it for evaluation
by potential investors. This means summarising your entire venture idea in
1,000 words or less. Moreover, you must include the first part of your
feasibility analysis, which is an evaluation of your venture idea’s strengths.
To prepare for this
Assignment:
Review the venture idea you began
developing in the Week 1 Assignment.
Download and review the Feasibility
Analysis Template from the Learning Resources.
Complete the Week 3 Collaboration. It
will help inform this Assignment.
Incorporate all Instructor and viable
colleague feedback regarding your venture idea.
Research the emerging market within
which you will deliver your venture idea. Note that you can incorporate
research you conducted during Week 1.
Identify the opportunities provided by
your venture idea within your selected market.
Identify the strengths of your venture
idea.
Reflect on the personal and/or societal
impact your venture might have on its founders, employees, your community and
society.
To complete this Assignment:
By Wednesday (Day 7)
Submit a 1000-word paper in which you
address the following:
Summarise your venture idea, and the
market you will deliver it in, from the Week 1 Assignment and present your
summary as if you were presenting it to potential investors. In your summary,
address the following:
·
Explain the ways in which your venture
idea, within your selected market, is an important opportunity.
·
Evaluate the impact your venture will
have on its founders, employees and society.
·
Include graphics, tables and/or charts
where appropriate.
·
Complete the first section of the
Feasibility Analysis Template, titled ‘Strength of Business Idea’. Identify the
strengths of your venture idea, within your selected market, in this section.
·
Explain the rationale for what you
deemed strengths of your venture idea. Would your family and friends agree with
you?
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
This Assignment should also be prepared
and submitted to Turnitin using the Word (.doc or .docx) format no later than
midnight (Day 7) your local time.
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Week 4 Assessments
This
week you submit:
·
Collaboration
initial response to Turnitin and to the Collaboration Forum (Saturday, Day 3)
·
Collaboration
responses to the Collaboration Forum (Wednesday, Day 7)
·
Submit
your PDP to the Turnitin link by Wednesday (Day 7)
Collaboration: Growing entrepreneurial ventures: Part 1
(2-week activity)
Drive
is a critical trait that any entrepreneur must have in order to be successful.
However, drive alone can typically only take one so far. Most generally accept
that entrepreneurs need some form of support for their venture, be it
financial, advisory, labour, or otherwise, derived from social capital.
The
question to consider though is that even though many deem support as a
requisite to venture success, is it at all possible for a lone entrepreneur to
be just as successful as one with support? Though a minority, some
businesspersons would agree, saying that ‘going it alone’, with limited
resources, results in a stronger business venture. These individuals believe
that a high level of social capital is not a necessity.
Assume,
for a moment, that the minority’s perspective is true. If this is so, do the
chances for success then increase with the level of social capital or does it
matter at all? For this Collaboration, take a position on this debate. Do you
agree that support at the country level is a requisite for venture success?
To prepare for this Collaboration:
Review
your Learning Resources with a focus on factors influencing venture growth and
social capital.
Research
examples of entrepreneurial success in emerging markets with and without
support garnered from social capital.
Reflect
on your own perspectives and experiences regarding the value of social capital
in business.
Identify
factors, other than resources, that contribute to entrepreneurial success in
emerging markets. Focus on country-level factors.
Reflect
on the importance of your identified factors.
To
complete this Collaboration:
By Saturday (Day 3)
In
an approximately 300-500 word response, address the following
·
Evaluate
the value of social capital in entrepreneurial success within emerging markets
and use this evaluation to support your position in the social capital debate.
·
Evaluate
other factors that you would consider key to the success of entrepreneurial
ventures in emerging markets. Explain your reasoning and support your
evaluation with your researched examples.
·
Analyse
methods in which countries can develop a ‘climate of innovation’ and how these
methods also impact an entrepreneurial ventures’ success. Explain whether this
impact affects your original position on whether support is necessary for the
success of an entrepreneurial venture in an emerging market.
Fully
justify all your assumptions and claims using your own experience, the Learning
Resources or your own research. Cite your work using the Harvard Liverpool
Referencing System.
Post
your initial response to the Collaboration Forum.
By Wednesday (Day 7)
Post
3-5 responses to your colleagues in which you:
Support
or refute their position on whether support is necessary for the success of an
entrepreneurial venture in an emerging market. Justify your reasoning.
Identify
and explain other country-level factors, not discussed by your colleague, that
contribute to entrepreneurial success in emerging markets.
Offer
contributions based upon your prior experience.
Extend
the discussion into new but relevant areas.
Model
or promote critical reflection from what you have read.
Ensure
that you spread your collaboration posts across at least three separate days of
each week. This will help maximise the value of your collaboration with
colleagues and serve to meet the Learning Objectives for each activity.
To
access the Collaboration Forum, click on the "Week 4 Collaboration
Forum" link.
To
submit your initial response to Turnitin, click on the
"View/Complete" link for Week 04 Collaboration Initial Response --
Turnitin.
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Personal Development Plan: Overcoming new challenges
Statistically
speaking, the most difficult time period for new entrepreneurial ventures is
within the first year (especially the first six months). Moreover, should a new
venture fail, it also typically occurs within this time frame.
The
factors that lead to such hardships range widely, but some of the more common
ones consist of a lack of product or service uniqueness, insufficient capital
planning and even poor leadership. Expectantly, such issues compound when
associated with the global settings of any entrepreneurial venture you wish to
pursue within an emerging market.
Just
as with a domestic venture, one within an emerging market requires you to build
credibility and a positive reputation. However, new markets come with new cultural
and societal nuances that you must make yourself privy to. There will also be a
myriad of different regulations, tax laws and political factors to challenge
your success further, making that first year all the more difficult.
Regardless, such is not insurmountable, thus for this next PDP submission, you
are to critically reflect upon yourself and your learning thus far in this
module. Based on this reflection, your task is to propose methods for building
a reputation and credibility, within an emerging market, in order to access
customers and people. Moreover, you must recommend a plan for remaining
positive during the first year of your venture.
To prepare for this Assignment:
Reflect
on the process of learning, past readings and the knowledge you have gained
over the past weeks.
Review
your selected venture and emerging market from the Week 1 Assignment.
Research
the culture, society, laws and any other factor that might influence your
ability to build your ventures reputation, credibility and/or may affect
success.
Reflect
on how you could bolster your venture’s credibility and reputation within your
selected emerging market.
Identify
your concerns in seeking access to customers and people for your venture.
Reflect
on the dangers and challenges within the first year of a new venture within
your selected emerging market.
Reflect
on how you intend to remain positive during this first year initial time
period.
To
complete this Assignment:
By Wednesday (Day 7)
Submit
an approximately 1000-word drawt of your Personal Development Plan in which you
address the following:
·
Provide
evidence of your reflection that describes your learning, past readings and
knowledge gained of the past weeks in relation to entrepreneurship in emerging
markets.
·
Analyse
how the culture and society of your selected emerging market could impact your
attempts to build your venture’s credibility and reputation.
·
Based
on your analysis, propose methods for building your venture’s credibility and
reputation and accessing customers and people.
·
Evaluate
at least three country-level challenges and/or dangers (e.g. tax laws, trade
regulations, etc.) that will impact your chances of venture’s success.
·
Explain
how you will overcome these challenges/dangers and remain positive during the
first year of your venture’s operation within your selected emerging market.
Fully
justify all your assumptions and claims using your own experience, the Learning
Resources or your own research. Cite your work using the Harvard Liverpool
Referencing System.
This
Assignment should also be prepared and submitted to Turnitin using the Word
(.doc or .docx) format no later than midnight (Day 7) your local time.
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Week 5 Assessments
This week you submit:
·
Collaboration initial response to
Turnitin and to the Collaboration Forum (Saturday, Day 3).
·
Collaboration responses to the
Collaboration Forum (Wednesday, Day 7).
·
Submit your Module Project to the
Turnitin link provided by Wednesday (Day 7).
Collaboration: Growing entrepreneurial ventures: Part 2
(2-week activity)
Innovation derives from the needs and
wants of society, and as you know from your studies of different regions, those
needs and wants can vary quite differently. These differences are what make the
study of innovation interesting at the individual level.
To illustrate some examples, consider the
astounding innovations from India, covered in your Learning Resources, such as
the Mitticool Fridge from engineer Mansukhbhai Prajapati, which costs only $50,
uses no power and can keep food fresh for up to five days (McNicoll, 2014).
There is also the Mansukhbhai Jagani’s motorcycle-based tractor (which is
exactly what it sounds like) that costs only $318 and is far more fuel
efficient than a traditional tractor.
Each of these examples was born from the
needs of India’s more rural environments where resources like electricity and
fuel are scarcer. Moreover, you can see the tremendous value that local
entrepreneurs can bring to an organisation. For this Collaboration, you are to
build upon the thread of thought from the Week 4 Collaboration, on support for
entrepreneurs, from the perspective of a hiring manager for a venture capital
firm. Your task is to explore investment opportunities in emerging markets and
thus develop a profile of the qualities, backgrounds and skills you would like
to see in indigenous emerging market entrepreneurs that your firm would
consider funding. Furthermore, you must analyse the organisational characteristics
you think new ventures, within the indigenous emerging market and started by
your noted entrepreneurs, must exhibit in order to be successful.
To prepare for this Collaboration:
Review your Learning Resources with a
focus on the various innovations and entrepreneurs found in emerging markets.
Review your Week 4 Learning Resources and
Collaboration as necessary.
Research an emerging market of your
choosing. Focus on the types of entrepreneurs and innovations within that
market as well as factors for success.
Identify the knowledge, skills and
abilities you would want an individual to have before you invested in them as
an entrepreneur.
Reflect on the organisational
characteristics you think new ventures, within your researched emerging market,
should have.
To complete this Collaboration:
By Monday (Day 5)
Engage in a discussion by posting and
replying to each other’s posts (minimum three to five substantive responses you
should aim to collaborate on three separate days).
Develop a KSA (knowledge, skills and
abilities) profile that explains what a successful entrepreneur in your
selected emerging market would need. The knowledge, skills and abilities should
represent what you want that individual to possess. Justify your reasoning.
Analyse the organisational
characteristics you think new ventures, within your researched emerging market,
should have. In your analysis, explain why you think these characteristics are
necessary.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
Post 3-5 responses to your colleagues in
which you:
Evaluate their KSA profile and recommend
additional knowledge, skills and/or abilities you think a successful
entrepreneur, in their selected emerging market, needs to succeed. Explain why.
Ask additional questions about their
posts.
Offer contributions based upon your prior
experience.
Extend the discussion into new but
relevant areas.
Support any claims you make with evidence
from the Learning Resources, your own research and/or your own experiences.
Ensure that you spread your collaboration
posts across at least three separate days of each week. This will help maximise
the value of your collaboration with colleagues and serve to meet the Learning
Objectives for each activity.
Individual Summary:
By Wednesday (Day 7)
In an approximately 250-word response,
address the following:
Create a new post in which you provide a
final summary of what you have learned from this two-part Collaboration.
In your summary, address key themes,
issues, debates and/or arguments regarding the long-term potential of a viable
opportunity and how your personal values can contribute to a new business
venture.
Submit this summary to Turnitin and post
it to the Collaboration Forum.
To access the Collaboration Forum, click
on the "Week 3 Collaboration Forum" link.
To submit your initial response to
Turnitin, click on the "View/Complete" link for Week 05 Collaboration
Initial Response -- Turnitin.
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Module Project: Resource assessment
Logistical, physical and human resources
are all crucial to ensuring business sustainability, and knowing the answers to
these resource queries will go a long way in garnering the support your venture
business will need to thrive.
What resources are indispensable for your
ventures to succeed? Think about the venture idea you began cultivating back in
Week 1. Based on the market in which you are entering with that idea, what
necessities do you need in order to sustain your business over the course of
six months to one year? Remember, that such resources can, and will, include
more than the financial.
In Week 3, you created a feasibility
analysis of your venture idea centred on the opportunity within a selected
emerging market and the overall strengths of the idea. Assume that you pitched
this analysis to an investor and gained their interest. However, they require
you to ease their trepidations before they commit to anything. In light of
this, for this Module Project submission, your challenge is to assess the
resource requirements of your venture idea for the first year of operation. To
do so, you must analyse what resources you have available and what still you
need in order to carry out your venture.
To prepare for this Assignment:
Review your work from the Week 1 and Week
3 Module Project submissions.
Review your Learning Resources with a
focus on resource assessment.
Identify the financial, logistical,
physical and human resources required to sustain your venture business, within
your selected emerging market, for at least 1 year.
Research sources of financial,
logistical, physical and human resources needed to sustain your venture
business.
Identify which resources you are short
on.
Reflect on how you can allocate available
resources to sustain your venture business for one year.
Assume you acquire the resources you are
short on from the hypothetical investor. Reflect on how you will utilise their
investment to sustain your venture.
To complete this Assignment:
By Wednesday (Day 7)
Submit a 1000-word paper in which you address
the following:
·
Evaluate the financial, logistical and
physical resources necessary to sustain your venture business, within your
selected emerging market, for at least one year. Justify your evaluation.
·
Analyse the resources you have available
(consider all potential resource sources) and how they can best be utilised to
sustain your venture business for at least one year.
·
Based on your evaluation analysis,
explain the likelihood that you will have the resources necessary to carry out
your venture business for one year. Be sure to address all potential resource
sources and where your sources are insufficient.
·
Explain what resources you still require
and how any investment, from the hypothetical investor, would be used to remedy
this insufficiency. In your explanation, include the amount of funding you will
need from the investor.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
This Assignment should also be prepared
and submitted to Turnitin using the Word (.doc or .docx) format no later than
midnight (Day 7) your local time.
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Week 6 Assessments
This week you submit:
·
Collaboration initial response to
Turnitin and to the Collaboration Forum (Saturday, Day 3)
·
Collaboration responses to the
Collaboration Forum (Wednesday, Day 7)
·
Submit your PDP to the Turnitin link by
Wednesday (Day 7)
Collaboration: Bottom of the pyramid markets: Part 1
(2-week activity)
Currently, there are over 7 billion
people on this planet and approximately 3 billion of those people live on
roughly €2.00 a day (Shah, 2013). The socio-economic group made up of these individuals
is the largest in the world and the regions in which they reside are commonly
referred to as ‘bottom of the pyramid’ markets. This is because, like a
pyramid, the group is the largest yet earns the least amount of income (of all
socio-economic groups). Nevertheless, entrepreneurial activity can dramatically
affect such poverty for the better, and with more and more entrepreneurs
reaching out overseas, a larger volume of markets has begun to emerge.
However, despite the increase in
entrepreneurial ventures worldwide, there are still emerging countries with a
low level of total entrepreneurial activity (TEA). This begs the question as to
why? Why do you think entrepreneurs are so challenged in these countries? The
possibilities could be historical, cultural or societal. With these factors in
mind, for this Collaboration, consult the GEM Consortium web site from your
Learning Resources and compare the characteristics of at least two emergent
countries with low TEA. Based on your comparisons, your challenge is to assess
why this TEA is so low.
Reference:
Shah, A. (2013) Poverty facts and stats
[Online]. Global Issues. Available from:
http://www.globalissues.org/article/26/poverty-facts-and-stats (Accessed: 21
January 2015).
To prepare for this Collaboration:
Review your Learning Resources with a
focus on bottom of the pyramid markets and country level factors that influence
entrepreneurial activity.
Visit the GEM Consortium web site from
your Learning Resources and select at least two emergent, bottom-of-the-pyramid
markets from its list of countries to compare. Your selected markets must have
a low TEA.
Research the histories, cultures and
customs of your selected markets.
Reflect on how the histories, cultures
and customs of your selected emerging market impacts entrepreneurial activity.
To complete this Collaboration:
By Saturday (Day 3)
In an approximately 300-500 word
response, address the following
·
Briefly summarise your selected emerging,
bottom of the pyramid, countries. Indicate where they are ranked on the list of
countries from the GEM Consortium web site, located in your Learning Resources.
·
Compare the characteristics of your
selected markets.
·
Analyse how these markets’ cultures,
histories and customs affect entrepreneurial activity.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
Post your initial response to the Collaboration
Forum.
By Wednesday (Day 7)
Post 3-5 responses to your colleagues in
which you:
Support or refute their position on the
potential of their selected markets.
Propose your own ideas in which the
potential of your colleague’s selected markets could be reached.
Offer contributions based upon your prior
experience.
Extend the discussion into new but
relevant areas.
Model or promote critical reflection from
what you have read.
Ensure that you spread your collaboration
posts across at least three separate days of each week. This will help maximise
the value of your collaboration with colleagues and serve to meet the Learning
Objectives for each activity.
To access the Collaboration Forum, click
on the "Week 6 Collaboration Forum" link.
To submit your initial response to
Turnitin, click on the "View/Complete" link for Week 06 Collaboration
Initial Response -- Turnitin.
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Personal Development Plan: Reflection and re-evaluation
During the course of the last 5 weeks,
your expertise in entrepreneurship within the emerging market space has
undoubtedly grown. Each Collaboration, Module Project submission and reading
has bolstered your knowledge, but you have likely not yet had sufficient
opportunity to reflect on all of your growth as a whole. At least not in the
same manner as you did in Week 2’s PDP submission. To remedy this issue, take
some time to consider and reflect on all of the reading and learning you have
experienced in this module.
For this next PDP Assignment, leverage
this reflection to further develop your PDP in preparation for your final
submission in Week 8. As you perform your reflection and work on your PDP, pay
particular attention to where you are now (regarding your entrepreneurial
expertise) versus where you were early in the module. To facilitate this,
revisit your professional SWOT analyses from the Week 2 PDP Assignment. Use
these analyses to reconsider your professional effectiveness action plan (also
from Week 2).
To prepare for this Assignment:
Reflect on the process of learning, past
Learning Resources, personal research and the overall knowledge you have gained
thus far in this module.
Review your SWOT analysis, competency
audit and professional effectiveness action plan from the Week 2 PDP submission.
Based on the knowledge you have now,
reflect on changes you would make to your professional effectiveness action
plan.
To complete this Assignment:
By Wednesday (Day 7)
Submit an approximately 1000-word of your
Personal Development Plan in which you address the following:
·
In your PDP, provide evidence that
describes your learning in relation of entrepreneurship and innovation in an
emergent market.
·
Explain your level of expertise regarding
entrepreneurship and innovation in an emergent market, versus where you were at
the start of this module.
·
Conduct another SWOT analysis on yourself
and your business venture idea from the Assignments.
·
Based on your new SWOT analysis, revisit
your professional effectiveness action plan from the Week 2 PDP submission and
modify it based on what you know now.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
This Assignment should also be prepared
and submitted to Turnitin using the Word (.doc or .docx) format no later than
midnight (Day 7) your local time.
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Week 7 Assessments
This week you submit:
·
Collaboration initial response to
Turnitin and to the Collaboration Forum (Saturday, Day 3).
·
Collaboration responses to the Collaboration
Forum (Wednesday, Day 7).
·
Submit your Module Project to the
Turnitin link provided by Wednesday (Day 7).
Collaboration: Bottom of the pyramid markets: Part 2
(2-week activity)
Non-governmental organisations (NGOs)
tend to be problematic to define as they vary quite widely throughout the
world. In essence, though, these organisations are common in emerging markets,
typically formed by volunteers and, as the name would suggest, do not affiliate
with any form of government and are typically non-profit.
However, NGO members are occasionally
subject to suspicion of their motives as they may promote free elections,
freedom of speech, religion or gender equality. While this may be admirable,
some of these goals may be contrary to those of their host country. This
attitude can be especially prevalent in autocratic or dictatorial governments
who see NGOs as a threat to their system of ‘command and control’ government.
The issues of NGOs, cultures and customs
of an emerging market impact each other. However, none in particular can stand
out as a motivator or impediment to entrepreneurial activity. For this
Collaboration, select an emerging, bottom of the pyramid market, with NGOs, and
explain the value of an NGO to that emerging market. As with any organisation,
some NGOs are more effective than others, thus you must also analyse the NGO’s
effectiveness within your selected market.
To prepare for this Collaboration:
Review your Learning Resources with a
focus on the influence and design of NGOs.
Review your Week 6 Learning Resources as
necessary.
Research your Week 6 Collaboration
discussions.
Visit the GEM Consortium web site from
your Learning Resources and select a new emergent, bottom-of-the-pyramid market
from its list of countries to compare. Your selected markets must have a low
TEA and the presence of NGOs.
·
Identify an NGO within your selected
market.
·
Research your NGO’s purpose and
activities.
·
Reflect on the value that this NGO brings
to your selected market.
·
Reflect on the indications of an NGO’s
effectiveness within a market.
·
Identify country level factors that may
impede your NGO’s effectiveness.
To complete this Collaboration:
Until Monday (Day 5)
Engage in a discussion by posting and
replying to each other’s posts (minimum three to five substantive responses you
should aim to collaborate on three separate days).
Briefly summarise your selected emergent,
bottom of the pyramid market and NGO. Include information on what the NGO does
and its regular activities.
Explain the value you think an NGO (in
general) brings to an emerging market.
Analyse how your selected NGO is
impacting its associated market.
Based on your analysis, evaluate the
effectiveness of your NGO with respect given to country level factors that may
impede it.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
Post 3-5 responses to your colleagues in
which you:
Ask additional questions about their
posts and offer additional suggestions regarding their analysis and evaluation
of NGO effectiveness.
Offer contributions based upon your prior
experience.
Extend the discussion into new but
relevant areas.
Support any claims you make with evidence
from the Learning Resources, your own research and/or your own experiences.
Ensure that you spread your collaboration
posts across at least three separate days of each week. This will help maximise
the value of your collaboration with colleagues and serve to meet the Learning
Objectives for each activity.
Individual Summary:
By Wednesday (Day 7)
In an approximately 250-word response,
address the following:
·
Create a new post in which you provide a
final summary of what you have learned from this two-part Collaboration.
·
In your summary, address key themes,
issues, debates and/or arguments regarding the long-term potential of a viable
opportunity and how your personal values can contribute to a new business
venture.
Submit this summary to Turnitin and post
it to the Collaboration Forum.
To access the Collaboration Forum, click
on the "Week 3 Collaboration Forum" link.
To submit your initial response to
Turnitin, click on the "View/Complete" link for Week 07 Collaboration
Initial Response -- Turnitin.
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Module Project: Final Submission
During the course of this module, your
plans for starting a new business venture within an emerging market have likely
changed dramatically since Week 1. In the subsequent weeks, you have analysed
your own aspirations and values for this business and explored ways in which to
infuse those aspirations and values into your venture’s culture. You also
scrutinised your venture’s target market and analysed appropriate marketing
plans. Now, it is time to assemble all of this information together for the
final submission of your Module Project.
For this Module Project submission, you
must finalise your venture idea’s business plan. In this plan, you must include
an introduction to your venture and its emerging market, a complete Feasibility
Analysis and concluding remarks regarding the overall potential of your
proposed venture. As you complete your business plan, utilise your past Module
Project submissions to inform your work. You should also apply any applicable
Instructor feedback from those past learning activities.
To prepare for this Assignment:
Download and review the Feasibility
Analysis Template from your Learning Resources.
Review your business plan from your
Module Project Assignments from Week 1, 3 and 5.
Reflect on any feedback received from
your Instructor regarding your Module Project.
Reflect on the overall capabilities and
potential of your venture business within your selected emerging market.
To complete this Assignment:
By Wednesday (Day 7)
Submit a 4000-5000-word final draft of
your business plan in which you address the following:
·
Compose an overview of your venture
business idea and the emerging market within which you will launch it.
·
Complete all sections of the Feasibility
Analysis Template:
·
Complete and explain your rationale for
your analysis of ‘Strength of Business Idea’ (this was done in Week 3, but you
should make any appropriate updates now).
·
Complete and explain your rationale for
your analysis of ‘Country-Related Issues’.
·
Complete and explain your rationale for
your analysis of ‘Business- and Customer-Related Issues’.
·
Compose a biography of hypothetical or real
venture founders.
·
Complete and explain your rationale for
your analysis of ‘Founder-Related Issues’.
·
Complete and explain your rationale for
your analysis of ‘Financial Issues’.
·
Incorporate any applicable Instructor
feedback, from your past Module Project submissions, into your final business
plan.
·
Compose concluding remarks regarding the
overall potential of your proposed venture as you see it. Justify your
position.
This Assignment should also be prepared
and submitted to Turnitin using the Word (.doc or .docx) format no later than
midnight (Day 7) your local time.
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Week 8 Assessments
This week you submit:
Collaboration initial response to
Turnitin and to the Collaboration Forum (Saturday, Day 3)
Collaboration responses to the
Collaboration Forum (Wednesday, Day 7)
Submit your PDP to the Turnitin link by
Wednesday (Day 7)
Collaboration: Model for entrepreneurship in emerging
markets
Nestlé, Goldman Sachs (10,000 Women),
Richard Branson, James Dyson and many other individuals and firms are sponsoring
centres of entrepreneurship, training, forums and projects to alleviate poverty
and stimulate empowerment via entrepreneurship throughout the world. However,
these benefits are not available to most early-stage entrepreneurs, be they
need-based or opportunity-based entrepreneurs.
This requisite for support is one of the
many obstacles that any entrepreneur must face, but as you have seen throughout
this module, there are many more to overcome, especially in an emerging market.
Nevertheless, while you might be confident in your ability to overcome these
obstacles, do you think an indigenous entrepreneur, within an emerging market,
could be taught the same?
For this final Collaboration, you must
articulate your own answer for this very question. To do so, your challenge is
to reflect on all that you have learned these past weeks and synthesise it into
a model that an indigenous entrepreneur could leverage in order to succeed in
their market. If you do not believe such a person can be taught, your challenge
remains the same, but you must still devise a model that will give them the
best possible chance to succeed.
To prepare for this
Collaboration:
Review your Learning Resources with a
focus on early entrepreneurship.
Reflect on all of your learning in this module
from the last 8 weeks.
Review prior Learning Resources,
Collaborations and Assignments as necessary.
Select an emerging market of interest to
you and research that market as necessary.
Identify the common obstacles
entrepreneurs face within your selected emerging market.
Reflect on how you would teach, if you
could at all, an indigenous entrepreneur to overcome these obstacles and become
successful in your selected emerging market.
To complete this Collaboration:
By Saturday (Day 3)
In an approximately 300-500 word
response, address the following
·
Explain your position on whether it is
possible to teach an indigenous entrepreneur to be successful within your
selected emerging market.
·
Describe the obstacles inherent within
your emerging market and use this to support your position.
·
Synthesise your existing knowledge of
entrepreneurship in emerging markets to create a model with which an indigenous
entrepreneur could leverage in order to succeed in your selected emerging
market. Even if you do not believe an indigenous entrepreneur can be taught,
devise a model that will give them the best chance at success.
·
In your model, also analyse how
international firms (e.g. Nestlé, Goldman Sachs (10,000 Women), etc.) could
support an indigenous entrepreneur.
Fully justify all your assumptions and
claims using your own experience, the Learning Resources or your own research.
Cite your work using the Harvard Liverpool Referencing System.
Post your initial response to the
Collaboration Forum.
By Wednesday (Day 7)
Post 3-5 responses to your colleagues in
which you:
Support or refute their position on
whether an indigenous entrepreneur can be taught entrepreneurship in an
emerging market.
Offer suggestions to further improve
their proposed model.
Offer contributions based upon your prior
experience.
Extend the discussion into new but
relevant areas.
Model or promote critical reflection from
what you have read.
Ensure that you spread your collaboration
posts across at least three separate days of each week. This will help maximise
the value of your collaboration with colleagues and serve to meet the Learning
Objectives for each activity.
To access the Collaboration Forum, click
on the "Week 6 Collaboration Forum" link.
To submit your initial response to
Turnitin, click on the "View/Complete" link for Week 08 Collaboration
Initial Response -- Turnitin.
Suggested Answer
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masterwriting01@gmail.com
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Personal Development Plan: Final Submission
To succeed in a new venture creation,
especially within an emergent market, entrepreneurs must develop the ability to
think holistically.
This means you need to be able to reflect
on processes, past successes and past failures in order to form solutions that
synthesise multiple sources of knowledge and span a range of contexts.
Considering all of the obstacles you have discovered over the past 8 weeks,
such skills are inarguably invaluable. Such is because there are no easy
solutions, and most challenges will not have a boilerplate answer. To succeed,
you need to be able to apply reflective and synthesis skills to devise,
evaluate and apply probable resolutions to the entrepreneurial challenges that
you will inevitably encounter.
To bolster your abilities to reflect on
your own existing knowledge and synthesise solutions, your final challenge in
this module is to critically reflect upon all of your previous Learning
Resources, Collaborations and Assignments. If you have not yet completed your
Week 8 Collaboration, it is advisable to complete it and use the collaboration
with your colleagues to further inform your work for this final PDP submission.
In this Assignment, however, you are not passively reflecting, as you must
provide evidence of your reflection. This includes, but is not limited to, your
personal abilities as an entrepreneur, what topics you learned that would
benefit a new venture and any additional competencies you have acquired.
To prepare for this Assignment:
Reflect on the process of learning, past
readings and the knowledge you have gained over the course of this module.
Reflect on your abilities to succeed with
a venture within an emerging market.
Identify topics covered in this module
that most benefit you as an entrepreneur.
Identify newly acquired skills and
competencies.
To complete this Assignment:
By Wednesday (Day 7)
Submit a Personal Development Plan of
1000-1500-word in which you address the following:
·
Provide evidence of your learning in relation to
developing and sustaining a new venture in an emerging market. As part of your
reflection, analyse how you feel (i.e. your confidence) as an entrepreneur.
·
Explain how you feel about your abilities to succeed
with your ventures in the future.
·
Explain what was covered in the last 8 weeks that you
think you and your future/current ventures can benefit from.
·
Explain any critical skills or competencies that you
acquired in this module and how you think they will help you to develop your
ventures.
·
Provide further evidence of a critical reflection on
the material by questioning assumptions, revealing new personal insights,
probing and/or posing questions for further investigation.
This Assignment should also be prepared
and submitted to Turnitin using the Word (.doc or .docx) format no later than
midnight (Day 7) your local time.
Suggested Answer
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