Course code and name:BUSM1311The Entrepreneurial ProcessAssessment name:Entrepreneurial Process...

Question

Course code and name:BUSM1311The Entrepreneurial Process

Assessment name:Entrepreneurial Process Analysis

Weight:40%

Assignment due date:Friday 12 October 2018

Length of report:Maximum of 2000words

Feedback mode:

Feedback will be providedby Grades

Assessment Declaration:

I declare that in submitting all work for this assessment I have read, understood and agree to the content and expectations of theAssessment declaration(Links to an external site.)Links to an external site..

Details:

For this assessment task you must interview an entrepreneur (male or female) who has started a business (for-profit business/social enterprise/green enterprise) and submit three items (requirements of each below): (1) Report, (2) Graphic Essay (Flowchart, Mindmap or Infographic) and (3) Supporting Evidence.

Overall marks: 40

(1) Report (20 Marks including report structure):

In a maximum of 2000 word report you must introduce the entrepreneur (and their business) providing how they (and their business) are an example of the theory/concepts you havelearned in class. In the conclusion reflect on the entrepreneur’s own journey and suggest how you would have done things differently.

Specifically you should show:
- How the entrepreneur demonstrates the entrepreneurial mindset and the ethical dilemmas the entrepreneur faced
- Pathway/Venturing Process that he/she took to start the business
- How their business is innovative and helped the entrepreneur to be successful and why. If you do not think their business is innovative, then you need to provide reasons why you think so.
- What opportunities did the entrepreneur perceive and exploit to develop their business in relation to the forces in the competitive environment.
- Funding sources they obtained.
- What would you have done differently in setting up the business and why?
(2) Graphic Essay (Flowchart, Mindmap or Infographic) (15 Marks)

Your “Graphic Essay” should support yourStatementusing photos, graphics, quotes from your interview and citations from your secondary research, in support of your report if you did not write all important information in that part.

(3) Supporting Evidence (5 Marks)

Your supporting evidence should include at the very least:
- Interview questions and interview transcript in English
- Entrepreneur’s Business Card
- Photos of yourself and the entrepreneur and the location/layout of the business
- References (at least 10 academic references)
- Any other items you choose to include
Tip:You should use the Mindmap or Flowchart as a way to brainstorm your ideas and then either (1) add your supporting evidence to the mindmap or Flowchart or (2) develop the mindmap or Flowchart further into an infographics.

Submission Process: the report, in MS Word format, must be submitted online through Canvas. Any additional specific submission instructions for Assessment Task 3 will be postedin assignment link on canvas. Turnitin (Anti-plagiarism software) will be an automated part of your online submission process. You will be able to make multiple practice submissions using this process until the due date cut-off. Please use this function to help refine your referencing skills etc.

You will pursue the following course learning outcomes in this assessment:

CLO1: Apply core concepts underpinning entrepreneurship to support continuous personal and professional development

CLO2: Adapt knowledge of the critical elements of the venture creation process in diverse contexts

CLO3: Apply knowledge of the forces within the regulatory, industry and community environment to assess the viability of a business

CLO4: Apply knowledge of ethical and sustainable business practices in diverse contexts

unifolks_636721522792559103_121127_1.doc

Soumi · Accepted Answer

BUSM1311— THE ENTREPRENEURIAL PROCESS
ENTREPRENEURIAL PROCESS ANALYSIS
Declaration and statement of authorship
1. I have not impersonated, or allowed myself to be impersonated by any person for the purposes of this assessment.
2. This assessment is my/our original work and no part of it has been copied from any other source except where due acknowledgement is made.
3. No part of this assessment has been written for me/us by any other person except where such collaboration has been authorised by the lecturer/teacher concerned.
4. I have not previously submitted this work for this or any other course/unit.
5. I give permission for my assessment response to be reproduced, communicated compared and archived for the purposes of detecting plagiarism.
6. I give permission for a copy of my assessment to be retained by the university, for review and comparison, including review by external examiners.
I understand that:
· Plagiarism is the presentation of the work, idea or creation of another person as though it is your own. It is a form of cheating and is a very serious academic offence that may lead to exclusion from the University. Plagiarised material can be drawn from, and presented in, written, graphic and visual form, including electronic data and oral presentations. Plagiarism occurs when the origin of the material used is not appropriately cited.
· Plagiarism includes the act of assisting or allowing another person to plagiarise or to copy my work.
I agree and acknowledge that:
1. I have read and understood the Declaration and Statement of Authorship above.
2. I accept that use of my RMIT account to submit electronically this assessment constitutes my agreement to the Declaration and Statement of Authorship
3. If I do not agree to the Declaration and Statement of Authorship in this context, the assessment outcome is not valid for assessment purposes and cannot be included in my aggregate score for this course.
Further information relating to the penalties for plagiarism, which range from a notation on your student file to expulsion from the University, is contained in Regulation 6.1.1 Student Discipline and Plagiarism Policy, which are available on the Policies and processes website.
Table of Contents
(1) Report	4
Introduction	4
The Entrepreneurial Mind-set and the Ethical Dilemmas faced by Sami AlSayed	4
Pathway Sami AlSayed took to Start Business	5
Role of Innovation in Making Sami AlSayed Business Successful	5
Opportunities Sought by Sami AlSayed to develop His business in a competitive Environment	6
Funding sources Sami AlSayed obtained for his Business	7
Justifying what would I have done in setting up the business	7
Conclusion	8
(2) Graphic Essay	9
References	10
Appendix	11
(3) Supportive Evidences	11
Interview Questions and Transcripts	11
(1) Report
Introduction
In general terms, an entrepreneur is a person who invests his or her unique business idea to change the landscape of business and earn profit on terms, being the owners of own business, bringing in social solution in exchange of economic resources. In the current report, Sami AlSayed has been selected as a successful entrepreneur. AlSayed has a company named ShortPoint that offers software designs for websites and has its headquarters in Dubai. The current report tends to show AlSayed’s entrepreneurship, the struggles and the sought opportunities that have been responsible for the success of the business. 
The Entrepreneurial Mind-set and the Ethical Dilemmas faced by Sami AlSayed 
Sami AlSayed’s entrepreneur mindset developed from long experience in the field of web designing and online content framing. Seeking the scope of attracting users to an easy and effective web design AlSayed started his business on a fair ground with huge potential (ShortPoint 2018). AlSayed had huge determination that led him to set up his own business against corporate giants in the industry. AlSayed’s entrepreneur mindset also made him aware of the fact that customers are very important for business and therefore, their feedbacks are always in favour of business if they can be incorporated and worked upon with a positive outlook (SAP Teched, 2016). The risk-taking attitude in AlSayed made him borrow money from business partners. It is worth the mention that due to the inclusion of the business partners and feedbacks of the customers and clients, AlSayed developed ethical dilemma in the initial days of his business. 
Despite having a very positive start, in 2013 ShortPoint faced negative feedbacks from its customers, clients and initial market partners. The feedbacks were regarding the stability, versatility and the value for money proposition offered by AlSayed through ShortPoint. In order to refine the offered service and inculcate the feedbacks in a positive way, the versions released online were updated in frequent basis, which caused the company to invest heavily, resulting in the generation of loss in the early stages of the business (Wamda, 2015). The loss of the funds in attempt to make the offered services better, the company went towards bankruptcy, which made AlSayed consider and get confused on the issue of pushing in updates and their frequencies. The dilemma at the workplace aroused as on one side, the high costs demanded to be reduced and on the other, the customer feedback consideration was stuck to the company functioning body. As mentioned by Sewchurran, Dekker and McDonogh (2018), a business dependent on the monetary investment of the business partners and their interest, conflicting priorities and lead to problems and ethical dilemmas. The same issue made AlSayed’s ethically dilemma more severe. In order to meet both the ends, AlSayed expanded the offer of his service to organisations such as schools, public firms and other autonomous body to gather monetary income sources that can bear the load of consistent updates and the share of the partners of the business (Wamda, 2015).

Course code and name:BUSM1311The Entrepreneurial Process Assessment name:Entrepreneurial Process Analysis Weight:40% Assignment due date:Friday 12 October 2018 Length of report:Maximum of 2000words...