Answer Sheet

HOMEWORK #3
Proposal
Course Name: Entrepreneurship
Course Code: ATHE4EL7
Student Name: _____________________
Student Code: ______________________
Total Score (0-100): __________________

Task 3
The group enjoyed your presentation and after some discussion with its members, you have
decided that you definitely have the personal skills and abilities to be an entrepreneur. You
are now going to think of your own new enterprise ideas to take to the group for discussion at
the next meeting. You must write a proposal in which you explain a range of new
entrepreneurial ideas and give reasons for why you believe they will succeed.
NOTE: The proposal must be written at a suitable level and in a suitable format for
entrepreneurs.
Your proposal must include:
3.1 An explanation of a range of new entrepreneurial ideas which could be developed
into a business venture, with a justification of why you believe each idea is viable.
NOTE: The proposal must include a number of potential new business venture ideas,
with reasons for a belief in the viability of those ideas. Students should consider the
financial and operational viability as well as issues/benefits of the creation of the
product or service and the market potential. Students will use their own reasoned
judgements on estimates and creative information for this, particularly for the financial
viability. These judgements need to be realistic and based on research. Students may
require support with these decisions.
Activity 3.1 AC 3.1: Propose and justify a range of new entrepreneurial
ideas for further development
Please write your answer here (keep the original formatting)…….

TO BE FILLED IN BY
THE STUDENT: Word Count: ___________
TO BE FILLED IN BY THE ASSESSOR:
Explain why the Assessment Criteria are achieved or not
NOTE: To earn the full score a student should cover all the following:
 New business opportunities: services, products, new business models
 Idea generation
Assessmen
t Criteria Yes/No Please add comments here
Achieved
Score (0 to
100)
 *NOTE FOR PROFESSOR: Assessment criterion is achieved, “YES”, ONLY if the student’s answer
is 100% correct according to ATHE requirements (all indicative content is covered, command verb is
addressed correctly, the answer demonstrates understanding and depth, the task is done the way it
is asked, references are properly used). Professor should address in the comments box what a
student is missing to get the full score. Please, apply the same logic for assessing other tasks.

3.2 An assessment of the application of a model/theory of innovation for new business

opportunities.
NOTE: Students will select a suitable model/theory of innovation and use information
about it to make a judgement about how it can be or has been applied to ideas for new
business. Students need to refer to Drucker’s 7 sources of innovation.
Activity 3.2 AC 3.2: Assess the application of a model/theory of innovation
for new business opportunities
Please write your answer here (keep the original formatting)…….

TO BE FILLED IN BY
THE STUDENT: Word Count: ___________
TO BE FILLED IN BY THE ASSESSOR:
Explain why the Assessment Criteria are achieved or not
NOTE: To earn the full score a student should cover all the following:
 Model/theory: Drucker’s 7 sources of innovation
Assessmen
t Criteria Yes/No Please add comments here
Achieved
Score (0 to
100)

DISTINCTION TASK

You must add to the proposal by further developing the most workable business idea into a
workable business venture, justifying your choice.
NOTE: Students must consider their range of business ideas to decide which single idea is
the most likely to be successful. There must be clear reasoning and explanation of the
judgement and the work produced should take the initial idea into a practical business
venture.
Activity A AC 3D1: Justify the recommendation to develop a workable
new business venture
Please write your answer here (keep the original formatting)…….

TO BE FILLED IN BY
THE STUDENT: Word Count: ___________
TO BE FILLED IN BY THE ASSESSOR:
Explain why the Assessment Criteria are achieved or not
NOTE: To earn the full score a student should cover all the following:
 Making recommendations (selection of workable idea; justifying the business case; financial projections; customer base;
gap in market; need for product/service)
Assessmen
t Criteria Yes/No Please add comments here
Achieved
 Score (0 to
100)

BIBLIOGRAPHY:

Please use APA style for citation. Please keep initial formatting

APPENDICES (Please, remove this part if no appendices are added):