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KS4 - Business Studies

BTEC LEVEL 1/LEVEL 2 FIRST AWARD IN ENTERPRISE

 

Examination Board: Pearson Course Number: BHJG8 - 603/1916/1


What is the course about?

All businesses need enterprising employees to drive their organisations forward, to have ideas and initiatives to instigate growth, and to ensure that businesses survive in this fast changing world. Enterprise is a key government focus and is set to form an important part of the UK’s global economic status, both now and in the future. Enterprise skills provide a fantastic progression pathway into a number of roles in an organisation and are transferable into all businesses.

This qualification enables learners to develop their technical skills, such as market research skills, planning, promotional and financial skills using realistic work scenarios, and personal skills, such as monitoring own performance, time management and problem solving, through a practical and skills-based approach to learning and assessment.

Business plays an integral part in all of our lives and having an awareness of the world of business can be a valuable asset for your future.  This is a vocational qualification that takes an engaging, practical and inspiring approach to learning and assessment.  It suits a broad range of learning styles and abilities.  Business skills are essential for success in employment, and the course develops these as well as transferable skills for further study and the fundamental knowledge required by employers.  Throughout the course, you will learn about all of the key aspects of setting up and running a business, as well as the external factors that can affect business success.  You will be encouraged to play an active role in your studies, join in discussions, carry out research, solve problems and present your ideas to the group.  We value and foster an enterprising attitude and welcome pupils who have a keen interest in broadening their experience and knowledge.

What skills and ideas will I learn?

You will learn to:

● recall a range of information regarding the effective performance of business

● understand and analyse business problems and issues

● create solutions which demonstrate a consideration of audience and are fit for purpose

● understand and use a range of business terminology

● actively contribute to the planning of enterprise activities

● evaluate the impact of internal and external factors upon businesses

● demonstrate a range of research, analytical and evaluative skills

● work independently and manage your time

How is the course assessed?

The course is assessed through one exam component and two practical coursework components:

Component 1 - Exploring Enterprises examines the characteristics of enterprises including their type of ownership, number of employees and location. We also explore the purposes and aims of different businesses, as well as the mindsets and skills of the entrepreneurs that set them up and run them. The importance of customer needs and using market research to identify these are studied. Students then move on to look at how businesses respond to competitors. We investigate why businesses are successful and the impact of both internal and external factors upon enterprises. Pupils learn how to use tools such as SWOT and PEST analysis. The study of the external environment in which businesses operate includes looking at the state of the economy, as well as political, social, technological, environmental and ethical trends at both local and national level.
Component 1 is assessed through coursework and is worth 30% of the final grade.

Component 2 Planning for and Pitching an Enterprise Activity requires students to use their experience from exploring enterprises to independently generate ideas and choose one idea for a realistic micro-enterprise. They then produce a detailed business plan for this idea supported by extensive research. Once completed the business plan is pitched to an audience. Through this a range of presentation and communication skills are developed and demonstrated. Finally, the success of the plan and pitch are evaluated and improvements which could be made identified.
Component 2 is assessed through coursework and is worth 30% of the final grade.

Component 3 Promotion and Finance for Enterprise is assessed through a two hour externally set and marked exam.  Students will need to understand the different methods of

promotion used by enterprises, their suitability for different sizes of enterprise, including the factors businesses consider when choosing the most appropriate method. They will be required to explain why an enterprise targets its market, and the impact this has on promotion. Students will also be asked to complete, interpret and check the information on financial documents and statements. They will be examined on the different types of costs involved in business, have to calculate revenues, costs, profit and profit margins, use break even analysis, budgeting and cash flow forecasting, and need to interpret financial statements and measure success.  Lastly, students must assess the suitability of various sources of finance for different purposes or stages of the business. This component is worth 40% of the final grade and we anticipate most candidates sitting the exam at the start of February in Year 11.

Pupils can be awarded certification at Levels 1 and 2 of the Regulated Qualifications

Framework so all levels of achievement are recognised.  Individual units may, under special circumstances, be retaken once.

What will the course allow me to progress to in the future?

The BTEC Level 1/Level 2 Tech Award in Enterprise can lead to study at A-Level in Business Studies or related subjects such as Accounting and Finance or Economics.  It is
also a very good preparation for vocational study at Level 3 and above; for example by progression onto a BTEC National in Enterprise and Entrepreneurship course, or entry to an apprenticeship in a wide variety of industries.

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