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Ebus 2714 Group Assignment 2021_final Version (1)

The EBUS2714 Entrepreneurship module will replace traditional exams with a group project in collaboration with the IDC, focusing on creating a business plan. The project will be assessed based on a lean canvas, a written business plan, and a group presentation, totaling 100 marks. Students must choose an industry relevant to the Free State's economy and incorporate concepts like creativity, innovation, and sustainability into their plans.

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64 views

Ebus 2714 Group Assignment 2021_final Version (1)

The EBUS2714 Entrepreneurship module will replace traditional exams with a group project in collaboration with the IDC, focusing on creating a business plan. The project will be assessed based on a lean canvas, a written business plan, and a group presentation, totaling 100 marks. Students must choose an industry relevant to the Free State's economy and incorporate concepts like creativity, innovation, and sustainability into their plans.

Uploaded by

masingitamadale
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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EBUS2714 – ENTREPRENEURSHIP

Group Assignment 2021: Business Plan

Due to the on-going pandemic, EBUS2714 will be an Exam free module. This means that
students registered for the module will not write an examination at the end of the semester,
instead we would be incorporating an End-of-Module Assessment (EMA) in the form of a
group project. This year the Business Plan assignment will be done in collaboration with the
IDC (Industrial Development Corporation), Free State. The goal of this project is to encourage
critical thinking, reasoning, creativity, inspire imagination and originality among the students
to grow the economy of the Free State.

The Group Project will constitute 100 marks and will replace your traditional examination
mark.

Your project mark will be calculated as follows:

ASSESSMENT TYPE CONTRIBUTION TO


(E.G. PROJECT MARK
WRITTEN/ORAL/PRACTICAL) (weight)
Lean Canvas 1 Written: Complete entrepreneurship
lean canvas 20%

The Business Plan: Part 1: Neatly typed 50%


Part 1
The Business Plan: Part 2: Group presentation 30%
Part 2 (Recording to be reviewed in
collaboration with the IDC)

TOTAL 100%

The project mark is made up of the different assessments: a) completion of entrepreneurship or


social enterprise lean canvas, b) written business plan (maximum 25 pages) and a recording of
a group presentation of the plan (between 4 and 6 minutes).

1
There are five (5) things to consider when drawing up the business plan for this project:
1. First, the business plan must be for an organisation that is planning on entering into
one of the following industries:
a) Agro-Processing & Agriculture
b) Chemical Products & Pharmaceuticals
c) Clothing and Textiles
d) Basic Metals and Mining
e) Light Manufacturing
f) Media and Audio Visuals
g) Machinery and Equipment
h) Tourism
i) Industrial Infrastructure
j) Automotive and Transport Equipment
k) Product or service that can add value to Retail & Consumer services (e.g. think of
Uber, Uber Eats, Mr Delivery etc but do not use/ copy any of these.)

For more information on these industries, please visit https://www.idc.co.za/who-


how-we-help/.

2. Second, your business plan should be appropriate and relevant to the industry you
choose. In addition, it should be realistic and applicable to the current economic
environment that South African is experiencing. That means that your information
sources for the market research should not be older than 5-years.
3. Third, after choosing a theme, each business plan must demonstrate the
consideration/application/use of the following concepts:
a) Creativity
b) Innovation
c) Artificial Intelligence (AI)
d) Internet of things
e) 4IR (4th Industrial Revolution)
f) Environmental/ Eco- Friendly
g) Sustainable Development
4. Use the Business Plan Guide as supplied by the IDC to structure the business plan’s
format.

2
5. Finally, the business described in your plan should have the aim of creating
employment and contributing to the economic development of the Free State Region.

The Rubric for the Lean Canvas and Business Plan would be posted later on Bb.

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