units

MGX3651

Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Management
OfferedSouth Africa First semester 2014 (Day)
Coordinator(s)Mr Mazanai Musara

Synopsis

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, advices, business tools and other aids for entrepreneurs. The unit also applies this knowledge to the emerging markets of developing countries.

Outcomes

The learning goals associated with this unit are to

  1. understand the fundamentals, concepts and processes of entrepreneurship
  2. appreciate and understand the entrepreneurial perspective
  3. 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
  4. understand the role of government in developing and enabling the small business environment
  5. identify and validate business ideas
  6. research and develop a business plan
  7. understand the funding and finance implications
  8. evaluate the different forms of small business ownership
  9. explore and understand the contemporary challenges for entrepreneurship
  10. demonstrate an understanding of the role played by entrepreneurs and small businesses in regional economic development and in developing nations
  11. understand the major differences between the African and western model of entrepreneurship
  12. demonstrate a knowledge of how these differences are manifested and how they may be managed successfully.

Assessment

Within semester assessment: 60%
Examination: 40%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

Students must have passed MGP1010 or MGF1010 or MGW1010 or MKB1010 or MGG1010 before undertaking this unit.

Prohibitions