Entrepreneurship & New Venture Creation (ELCT20002.1) – Spring – 2020 – CW2 (Assignment2) – QP
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IN SEMESTER (INDIVIDUAL) ASSIGNMENT
Module Code: ELCT 20002.1 Module Name: Entrepreneurship and New Venture Creation
Level: 2 Max. Marks: 100
A. Instructions to Student
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Answer all questions. Deadline for submission: 08/07/2020: 23:59 Assignment weighting: 50%. This means that the marks received in the assignment out of 100 will be scaled out of 50. Formative feedback on the complete assignment draft will be provided if the draft is submitted at least 10 days before the final submission date. Feedback after final evaluation will be provided by 22/07/2020 |
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B. Module Learning Outcomes
The following LO is achieved by the student by completing the assignment successfully
4. Demonstrate the ability as to how to design a business plan
C. Assignment Objective
Understanding the structure and process of entrepreneurship and new venture creation is
essential to attain a complete grasp of the phenomenon. The current assignment is designed to
allow the students to explore how to design an effective as well as efficient business plan.
D. Assignment Tasks:
The assignment has one task divided into specific parts. The students should focus on the
guidelines appropriate for the assignment along with its deliverables and the corresponding
marks to produce a well thought out report.
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Task: 100%
PRINCIPAL DELIVERABLES OF THE ASSIGNMENT
| NO | STATEMENT |
| 1 | One comprehensive definition of a business plan |
| 2 | Discussions on the key roles of a business plan |
| 3 | A report on how to design a business plan |
Key Information
a. Information on the report type, structure & submission
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Nature of Assignment: Type: Weighting: Deadline: Word Limit: Font Style/Size: |
Exploratory-Analytic Individual 50% 08/07/2020 1500 (+10%) |
• Text: Times New Roman: 12
• Headings/Sub-headings: Your choice but consistency is critical.
• Spacing: 1.5
• Submit through Moodle (Deadline to be announced with the submission link on
Moodle).
b. Assignment contents
The report should ideally have the following contents:
i. Cover page
ii. Table of Contents
iii. Executive Summary
iv. Introduction
v. Key Deliverables
vi. Summary
vii. References
viii. Appendices
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c. Assignment deliverables and corresponding marks
Assessment items/deliverables, descriptions and marks:
| ASSESSMENT ITEMS/DELIVERABLES | MARKS |
| 1. Clarity, Style and Grammar The assignment should follow a ‘report’ format. An internationally acceptable presentation style must be adhered to with appropriate Grammar. Must avoid truncations and unnecessary spacing. The report must be consistent with regards to the font style and size for both headings and the text; sentence and paragraph spacing; and proper punctuations must be used throughout. Use of Pronouns: Incorrect use of the ‘Pronouns’ in a report format (or an essay) would be costly. Avoid using ‘I’ (First Person Subject Pronoun/Singular), ‘Me'(First Person Object Pronoun), ‘My’ (First Person Possessive Adjective), ‘Mine’ (First Person Possessive Pronoun), ‘We’ (First Person Subject Pronoun/Plural), ‘You’ (2nd Person Subject/Object Pronoun). Instead, you must consider the use of the 3rd Person Subject/Object/Possessive/Reflexive Intensive Pronouns/Possessive Adjective). |
5 |
| 2. Executive Summary The student should clearly specify what the assignment is about; its rationale and the methods used. (Max. 80 words) |
3 |
| 3. Introduction Hence, the student should introduce the different sections of the report in specific terms. (Max. 60 words) |
2 |
| 4. The assignment body Students should: a. Define a business plan (Provide 1 comprehensive definition. Max. 60 words) (10 Marks) b. Describe the key roles of a business plan in creating a new venture (Max. 60 words) (10 Marks) c. Identify and explain the components/elements of a business plan. Illustrate each component/element with examples. (Max. 1020 words) (50 Marks) |
80 |
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| d. Complete an online course via any of the links below (You must provide some form of evidence of completion) and write a one page reflection based on: (10 Marks) i. What is the course about? Briefly describe the contents of the course and its learning outcomes. (1 paragraph: Max. 60 words) ii. What specific skills did you develop? Briefly describe the key skills such as analytic, innovation, accounting, time management skills etc. (1 paragraph: Max. 60 words) iii. What challenges did you face over the duration of the course? Briefly discuss the intellectual, social, family and technical issues or problems that you faced during the course. (1 paragraph: Max. 50 words) https://www.coursera.org/learn/wharton-entrepreneurship-opportunity Or https://www.coursera.org/specializations/business-entrepreneurship Or https://www.udacity.com/course/how-to-build-a-startup–ep245 |
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| 5. Report Summary – Present a very brief account of the ‘body’/Briefly restate the information presented in the main text (Max. 50 words) |
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| 6. Referencing: The work must be referenced throughout for both the individual and group components. – At least 8 citations including internet sources, websites, journal articles etc. – CU Harvard Referencing |
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| TOTAL | Words: 1500. | Marks: 100 |
E. Rules & Regulations:
All resources should be cited using CU Harvard style.
The final assignment must have a Title page, Table of Contents, References/ bibliography using
CU Harvard Style and page numbers.
Title Page must have Assignment Name, Module name, Session, your name, ID, and the name of
the faculty.
Softcopy in word format is to be submitted through Turnitin link on Moodle.
Viva will be conducted after the assignment submission as per the dates informed earlier.
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F. Important Policies to be followed
i) Student Academic Integrity Policy*:
MEC upholds the spirit of academic integrity in all forms of academic work and any form of violation
of academic integrity shall invite severe penalty. Any benefit obtained by indulging in the act of
violation of academic integrity shall be cancelled.
All cases of violation of academic integrity on the part of the student shall fall under any of the below
mentioned categories:
1. Plagiarism
2. Malpractice
3. Ghost Writing
4. Collusion
5. Other cases
If the student fails a module and has a proven case of academic integrity violation in this module, the
student is required to re-register the module. This is applicable to first and second offenders of
plagiarism.
1. Plagiarism
A. First offence of plagiarism
I. If a student is caught first time in an act of plagiarism during his/her course of study in
any assignment other than project work, the student will be allowed to re-submit the
assignment once, within a maximum period of one week. However, a penalty of
deduction of 25% of the marks obtained for the resubmitted work will be imposed.
II. Period of re-submission: The student will have to re-submit the work one week from the
date he or she is advised to re-submit.
III. If the re-submitted work is also found to be plagiarized, then that assessment will be
awarded a zero mark. Re-submission of the work beyond the maximum period of one
week will not be accepted and the assessment will be awarded a zero mark.
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B. Second offence of plagiarism
If any student is caught second time in an act of plagiarism during his/her course of study (in a
subsequent semester), the student will directly be awarded zero for the work in which plagiarism
is detected. In such cases, the student will not be allowed to resubmit the work. A warning of
suspension shall be issued, and student has to sign an undertaking and undergo counselling
session in such cases.
2. Malpractice/Ghostwriting/Collusion
A. First offence of Malpractice/Ghostwriting/Collusion
If a student is caught in an act of Malpractice/Ghostwriting/Collusion for an assessment
component irrespective of coursework or end semester, the student shall fail the module and
shall be required to re-register the module
B. Second Offence of Malpractice/Ghostwriting/Collusion
If a student is caught a second time in an act of Malpractice/Ghostwriting/Collusion for an
assessment component irrespective of coursework or end semester, the student shall fail the
module. A warning of suspension shall be issued, and student has to sign an undertaking and
undergo counselling session in such cases.
3. Third Offence of Academic Integrity Violation
If a student is caught a third time in an act of Academic Integrity Violation for an assessment
component irrespective of coursework or end semester (in a subsequent semester), the student
shall fail the module and also shall be suspended for one semester from the College, as
recommended by institutional level academic committee, Chaired by the Associate Dean, Academic
Affairs.
4. Fourth Offence of Academic Integrity Violation:
If a student is caught a fourth time in an act of Academic Integrity Violation for an assessment
component irrespective of coursework or end semester (in a subsequent semester), the student shall
fail the module and also shall be expelled from the College, as recommended by institutional level
academic committee, Chaired by the Associate Dean, Academic Affairs.
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5. Other cases
If a student commits an act of academic integrity violation as per the definition of “other cases”
mentioned in the previous section or of a different nature, student’s case shall be forwarded to an
institutional level academic committee, Chaired by the Associate Dean, Academic Affairs. The
committee shall investigate the case by means of a viva and/or a disciplinary hearing and shall take
appropriate decision. The penalty that can be granted to a proven case of academic integrity violation
which falls in this category of “other cases” can be a warning/component zero/ module
fail/suspension/expulsion depending on the nature and gravity of the offence.
6. Types/Variations of Cases:
I. If plagiarism is detected in any component of one assessment, the deduction in marks will be
applicable for the whole assessment, even if only the component or part submission alone needs
to be resubmitted.
II. If plagiarism is detected in a group assessment, all students of the group will be considered as
having committed an act of plagiarism and the policy will then be applied to all students
III. If plagiarism is detected in any component of a group assessment, the deduction in marks will be
applicable for the whole assessment even if only the component or part submission alone needs
to be resubmitted.
All students of the group would be considered as having committed an act of plagiarism and the
policy will then be applied to all the students of the group.
IV. If the assessment consists of components or part submissions that could be a group assessment
component (e.g. group assignment) and an individual assessment component (e.g. individual
reflection), the following will be applicable:
a. If plagiarism is detected in the group assessment component, all students of the group
will be considered as having committed an act of plagiarism, The policy will then be
applied to all students of the group. Group assessment component will be resubmitted
as per the policy.
b. If plagiarism is detected in the individual assessment component, the individual
assessment component will be resubmitted and the policy will then be applied to that
student alone.
c. For both (a) and/or (b), the deduction in marks will be applicable for the whole
assessment.
*For further details Refer to MEC Student Academic Integrity Policy in Student Handbook.
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ii) Late Submission Regulations
It is the students’ responsibility to check all relevant timelines related to assessments.
As per the Assessment Policy at MEC, late submissions are allowed for one week (5 working days)
for all UG modules with a penalty. In such cases, a deduction of 5% of the marks obtained for the
submitted work shall be imposed for each working day following the last date of submission
till the date of actual submission. Assessment documents submitted beyond a period of one
week (5 working days) after the last date of submission will not be accepted and will be awarded
a zero for that assessment. In cases where the submission has been delayed due to extenuating
circumstances, the student may be permitted to submit the work without imposing the late
submission policy stated above. The extended period of submission will be one week from the
original last date of submission. In such cases, the student is expected to submit the supporting
certificates on or before the original last date of submission of the assessment and the decision
of extension rests with faculty responsible for the assessment .The late submission policy shall be
applied if the student fails to submit the work within one week of the original last date of
submission.
Students may contact their teachers for clarification on specific details of the submission time if
required.
iii) Research Ethics and Biosafety Policy
To protect and respect the rights, dignity, health, safety, and privacy of research subjects involved
including the welfare of animals and the integrity of environment, all student projects are
expected to be undertaken as per the MEC Research Ethics and Biosafety Policy. Accordingly the
following shall apply.
Research and other enterprise activities shall be conducted by maintaining the high ethical
standards consistent with national and international standards and conventions.
Any research at MEC that is categorized as high-risk research shall be subject to review and
approval by the Research Ethics and Biosafety Committee.
Research activities involving collection of human or animal tissues and manipulation of microbial,
animal or plant cells shall be subject to review and approval by the Research Ethics and Biosafety
Committee.
Participants involved in research must be informed about the purpose of research and intended
uses of research findings. Written consent must be obtained from people involved prior to the
commencement of research.
Data obtained from participants must be treated with high confidence and should be used only
for the intended purpose of research.
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G. Assessment Evaluation Criteria
| Grade | Grade Point | Marks |
| A | 4.00 | 91 to 100 |
| A- | 3.75 | 87 to 90 |
| B+ | 3.50 | 84 to 86 |
| B | 3.25 | 80 to 83 |
| B- | 3.00 | 77 to 79 |
| C+ | 2.75 | 74 to 76 |
| C | 2.50 | 70 to 73 |
| C- | 2.25 | 66 to 69 |
| D+ | 2.00 | 60 to 65 |
| D | 1.75 | 50 to 59 |
| F | 0.00 | < 50 |
| Classification and % Range |
Reflection and critical analysis. |
Knowledge and Understanding/ Application of Theory |
Evidence of Reading |
Referencing and Bibliography |
Presentation, Grammar and Spelling |
| Outstanding (91%-100%) |
Highly competent analytical skills and reflective practice, demonstrating personal learning and growth, insight into required professional values and principles and professional development planning. |
Extensive knowledge and depth of understanding of principles and concepts and /or outstanding application of theory in practice. |
Evidence of reading an extensive range of educational literature/research and where applicable workplace strategies, policies and procedures. |
Accurate referencing and bibliography correctly using appropriate referencing style |
Excellent presentation, logically structured, using correct grammar and spelling, excellent cross referencing and links to supporting evidence |
| Excellent (87%- 90%) |
Strong analytical skills and reflective practice used, demonstrating personal learning and growth, insight into required professional values, principles and competencies |
Excellent knowledge and understanding of principles and concepts and /or excellent knowledge and understanding of the application of theory in practice |
Evidence of reading a wide range of educational literature/research and where applicable, workplace strategies, policies and procedures. |
Appropriate referencing and bibliography correctly using appropriate referencing style |
Good presentation, competently structured, using correct grammar and spelling, clear and easy to use links to supporting evidence |
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| and professional development planning. |
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| Very Good Quality (80%- 86%) |
Good use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required professional values, principles and competencies and professional development planning. |
Good knowledge or key principles and concepts and/or good knowledge of the application of theory in practice |
Evidence of reading a good range of educational literature/research and where applicable workplace strategies, policies and procedures. |
Generally well referenced with correct use of the appropriate referencing style |
Reasonable presentation, completely structured, acceptable grammar and spelling, acceptable links to supporting evidence |
| Good (Acceptable) (74%-79%) |
Acceptable use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required professional values, principles and competencies and professional development planning. |
Acceptable knowledge of key principles and concepts and/or knowledge of the application of theory in practice |
Evidence of reading an appropriate range of educational literature/research and where applicable, relevant workplace policies and procedures |
Adequate referencing. Generally accurate use of appropriate referencing style |
Adequate presentation and structure, acceptable grammar and spelling, adequate links to supporting evidence |
| Adequate/ Satisfactory (66%-73%) |
Adequate use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required professional values, principles and competencies and professional development planning. |
Adequate knowledge of key principles and concepts and/or satisfactory evidence of the application of theory in practice. |
Evidence of minimal reading of educational literature/research and where applicable relevant workplace policies and procedures |
Adequate referencing. Appropriate referencing style used but may contain some inaccuracies. |
Weak presentation , satisfactory structure, grammar and spelling, links to supporting evidence |
| Weak (Little or no learning outcomes met) |
Little or no use of analytical skills and reflective |
Little or no evidence of knowledge of key principles or |
Little or no evidence of reading outside of the course |
Little or no referencing. Mostly incorrect style. |
Below average presentation, grammar and spelling, links |
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| (50%-65%) | practice demonstrating personal learning and growth, insight into required competencies and/or professional development planning. Professional values and principles not reflected in the submission. |
concepts and/or little evidence of the application of theory in practice. |
textbook and/or reference to relevant work place policies and procedures. |
to supporting evidence. |
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| Poor (learning outcomes not met) (<50%) |
No use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required competencies and professional development planning |
No evidence of knowledge of key principles or concepts and/or no evidence of application of theory in practice |
No evidence of reading outside of the course textbook and/or reference to relevant workplace policies and procedures |
Unacceptable use of appropriate referencing style |
Unacceptable presentation, grammar and spelling, structure is very poor, links to supporting evidence |
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