Demonstrate entrepreneurial skills
ENTREPRENEURSHIP SKILLS
UNIT CODE: CT/CU/CHC/BC/04/6/A
Relationship to occupational standards
This unit addresses the Unit of Competency: Demonstrate Understanding of Entrepreneurship
Duration of unit: 100 hours
Unit Description
This unit covers the competencies required to demonstrate understanding of entrepreneurship. It involves demonstrating understanding of an entrepreneur, entrepreneurship and self-employment. It also involves identifying entrepreneurship opportunities, creating entrepreneurial awareness, applying entrepreneurial motivation and developing business innovative strategies.
Summary of Learning Outcomes
- Demonstrate understanding of who an entrepreneur
- Demonstrate knowledge of entrepreneurship and self-employment
- Identify entrepreneurship opportunities
- Create entrepreneurial awareness
- Apply entrepreneurial motivation
- Develop business innovative strategies
- Develop Business plan
| Learning Outcome | Content | Suggested Assessment Methods |
| 1. Demonstrate knowledge of entrepreneurship and self-employment | · Importance of self-employment · Requirements for entry into self-employment · Role of an Entrepreneur in business · Contributions of Entrepreneurs to National development · Entrepreneurship culture in Kenya · Born or made entrepreneurs
| · Individual/group assignments · Projects · Written tests · Oral questions · Third party report · Interviews |
| 2. Identify entrepreneurship opportunities | · Business ideas and opportunities · Sources of business ideas · Business life cycle · Legal aspects of business · Assessment of product demand · Business environment · Factors to consider when evaluating business environment · Technology in business | · Individual/group assignments · Projects · Written tests · Oral questions · Third party report · Interviews |
| 3. Create entrepreneurial awareness | · Forms of businesses · Sources of business finance · Factors in selecting source of business finance · Governing policies on Small Scale Enterprises (SSEs) · Problems of starting and operating SSEs | · Individual/group assignments · Projects · Written tests · Oral questions · Third party report · Interviews |
| 4. Apply entrepreneurial motivation
| · Internal and external motivation · Motivational theories · Self-assessment · Entrepreneurial orientation · Effective communications in entrepreneurship · Principles of communication · Entrepreneurial motivation | · Case studies · Individual/group assignments · Projects · Written tests · Oral questions · Third party report · Interviews
|
| 5. Develop business innovative strategies | · Innovation in business · Small business Strategic Plan · Creativity in business development · Linkages with other entrepreneurs · ICT in business growth and development
| · Case studies · Individual/group assignments · Projects · Written tests · Oral questions · Third party report · Interviews
|
| 6. Develop Business Plan | · Business description · Marketing plan · Organizational/Management · plan · Production/operation plan · Financial plan · Executive summary · Presentation of Business Plan | · Case studies · Individual/group assignments · Projects · Written tests · Oral questions · Third party report · Interviews
|
Suggested Methods of Instructions:
- Direct instruction
- Project
- Case studies
- Field trips
- Discussions
- Demonstration
- Question and answer
- Problem solving
- Experiential
- Team training
Recommended Resources
- Case studies
- Business plan templates
- Computers
- Overhead projectors
- Internet
- Mobile phone
- Video clips
- Films
- Newspapers and Handouts
- Business Journals
- Writing materials