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From the knowledge you have gained in class from various sources including the text, speakers and your own readings: 1.New Ventures Select a new or developing venture you intend to undertake. Tasks i

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From the knowledge you have gained in class from various sources including the text, speakers and your own readings:

New Ventures

Select a new or developing venture you intend to undertake. Tasks include:

Briefly describe your venture. Consider two theoretically recognised and appropriate entrepreneurship pathways for launching your selected venture. Discuss each pathway contrasting the advantages and disadvantages in the context of your business venture. From your analysis, select the preferred pathway, providing good reasons ...

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Question Preview:

From the knowledge you have gained in class from various sources including the text, speakers and your own readings:

New Ventures

Select a new or developing venture you intend to undertake. Tasks include:

Briefly describe your venture. Consider two theoretically recognised and appropriate entrepreneurship pathways for launching your selected venture. Discuss each pathway contrasting the advantages and disadvantages in the context of your business venture. From your analysis, select the preferred pathway, providing good reasons for your choice. (20 marks)

Work with another member of the class to evaluate each other’s chosen venture pathway. Identify the other student. Include a copy of bothnamed evaluation sheets within your assignment answers.   (5 marks)

Strategic Plans:

Obtain two strategic plans for innovative ventures from your own research. These should be no more than two sides in length. Include a referenced copy of each in your assignment in an appendix. Complete the following tasks:

Critically evaluate each of these plans and make at least THREE suggestions for improvement to the plan. (20 marks)

Develop a one page strategic plan for your specific venture proposal which you have selected in Question 1 above. Ensure strategies for sustainable value have been included in your plan. (25 marks)

Intrapreneurship:

Tasks include:

Select a global organisation which you consider demonstrates intrapreneurship. Discuss the concept of intrapreneurship as applied to this organisation. (10 marks)

Discuss and evaluate two strategies to assist and promote intrapreneurship into a larger organisation of your choice. (20 marks)

Hint: Please read widely around the subject to gain an understanding of different entrepreneurial venture pathways, models, strategic plans and perspectives for this assignment. The list of journals given in the Course Information booklet may be helpful in expanding your knowledge of the various conceptual models. You may also find reading about individual entrepreneurs from the reading list is helpful to understand their thinking about their own pathways to establishing new ventures and applying strategic plans. Please refer to the reference list at the end of the relevant chapters in the text book (Frederick, O’Connor &Kuratko, 2016) for further reading. You must apply APA reference for any sources you use.

Please note:

This assignment is complex and requires both research and reflection to achieve a high grade. Do not try to start the assignment in the week before it is due. Work on your assignment each week whilst the material is fresh in your mind.

Aim for 4000 words (+ or - 10%) excluding references and appendices.

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Introduction:
Entrepreneurship is regarded as one of the most significant part of the economic development
of a country. It can be said that entrepreneurship is the activity in which individuals organizes
a business venture using all resources in order to maximize wealth and profit. The aim of this
paper is to establish a business venture and determine the entrepreneurial pathways for the
same. This paper would also evaluate strategic plans which would be essential for the launch
of a new business venture

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