6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Not offered in 2018
Students must have passed MGP1010 oror or MKB1010 or MGG1010 before undertaking this unit.
The unit provides an overall introduction to entrepreneurship, from a theoretical to a process application of its principles. Topics include: definitions of entrepreneurship, nature and importance of entrepreneurs, the advantages and disadvantages of being an entrepreneur, types of entrepreneurs, the new venture creation process, developing a business plan, legal issues for entrepreneurs, sources of capital, legal forms of ownership, the role of government in developing and enabling the small business environment, and sources of information, funding, advice, business tools and other aids for entrepreneurs. The unit also applies this knowledge to the emerging markets of developing countries.
The learning goals associated with this unit are to
- understand the fundamentals, concepts and processes of entrepreneurship
- appreciate and understand the entrepreneurial perspective
- gain an understanding of the role of entrepreneurs and small business in the South African economy and describe the benefits and potential drawbacks of owning a small business
- understand the role of government in developing and enabling the small business environment
- identify and validate business ideas
- research and develop a business plan
- understand the funding and finance implications
- evaluate the different forms of small business ownership
- explore and understand the contemporary challenges for entrepreneurship
- demonstrate an understanding of the role played by entrepreneurs and small businesses in regional economic development and in developing nations
- understand the major differences between the African and western model of entrepreneurship
- demonstrate a knowledge of how these differences are manifested and how they may be managed successfully.
Within semester assessment: 60% + Examination: 40%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information