Overall feedback on global entrepreneurship (day-time) assignment 2 presentation

Overall feedback on global entrepreneurship (day-time) assignment 2 presentation at May 31, 2019:

1. Students have done very well in coming up with business venture ideas quite quickly with lots of practical product and business model tactics.

2. Need to refine ideas with the value proposition canvas and business model canvas.

3. Need to be clear whether your proposed business is a social enterprise or not.

4. Need to also briefly comment on the innovativeness and nature of innovation of your proposed business.

5. Need to use PEST and SWOT analysis with conceptual understanding [try to do so in your group assignment 2 report].

6. Try to explore the possibility of internationalization for your new business and how your new business responds to globalization [if not in your presentation, then briefly in your group assignment 2 report].

7. Provide ppt slides in English (not Chinese).

8. Try to later on support your business idea feasibility/attractiveness with market research data, primarily with (i) secondary data, e.g., economic, demographic statistics, and usefully, with (ii) primary data, e.g. interview with a few potential product customers to learn their views on your proposed product ideas.

9. Keep refining and developing your business ideas.

Overall, well done for your presentation at May 31, 2019.



A recap on presentation preparation
For the group presentation, it is a brief one of about 15 min; focus on your product and business model ideas; need to provide a company name for your new business venture. Need to state clearly your group member names in your presentation ppt slides. Not essential, though desirable, for all team members to participate in the presentation.

Global entrepreneurship - assignment task 2 - additional advice

Global entrepreneurship - assignment task 2 - additional advice

The following info is on assignment task 2:

"Task 2: Group project of 3-4 student members per group; 1 group works on 1 project and 1 group assignment submitted. 3000-4000 words for the report; content equally shared by all members. E.g. 4000 words/ 4 members = 1000 words for each member. Practical in writing style, so no need to do harvard referencing with academic referencing; some referencing for some statistics is still needed. Need to make group presentation to the tutor with ppt. 40%. The report is not a business report. No need to do turnitin checking for this group report. Need to indicate who has done which part of the report. A sample report will be provided later for illustration" (source: http://josephho33.blogspot.com/2019/05/updated-info-about-assignment-global.html).

The task 2 report part could consider the following report structure in general:

"The Report and Slides

Concept/Business Plan Outline – The idea, 

The Mission and Value Statements, 

Market Research, 

Marketing, 

Operations/Business Model Canvas, 

Human Resource Management, 

Finance, 

Legal, 

Contingency Plan. "

Students should take a look at the UK student sample report on task 2 to get an overall impression of work required. To enable completion of task 3 (a reflection report), task 2 requires group presentation (say 20-min) of their project works in class. Try to provide me with your ppt file as reference documentation afterward. This whole task 2 experience can be reflected on in task 3 report.

My blog article on key UK concepts to use is also useful for task 2 preparation.

Global entrepreneurship assignment task 3 - additional advice

Global entrepreneurship assignment task 3 - additional advice

The general info is as follows:

"Task 3: Critical review of theories related to task 1, task 2 and then the whole subject.  800 words; must not exceed 800 words; individual report [not group task]. 20%. Referencing with 4 academic references is very sufficient" (source: https://josephho33.blogspot.com/2019/05/updated-info-about-assignment-global.html)

A generic report structure is as follows:

1. Brief Intro –of your experience.

2. A reflection of experience of doing assignment task 1

3. A reflection of experience of doing assignment task 2

*** especially reflection on group work experience using Belbin team role model.

4. A reflection of the experience of learning the subject as a whole

Reference

Appendix

Students are advised to take a look at the sample task 3 report to get an overall impression of the task 3 requirement. The Gibbs reflective cycle has been mentioned in the UK task 3 sample report; so it should also be studied. There are also UK lecturer's study note on reflective practice. They need to be studied.

Before you write up your assignment task 3 report, try to study the following two videos to gain some understanding of them:

On Gibbs' reflective cycle
On Belbin's team role model

The difference between social and sustainable entrepreneurship: a note

What is the difference between social and sustainable entrepreneurship? Via some Internet searching, I find this explanation on the question acceptable:

Quote [begin]: 

"“Is a venture that offers dry-cleaning services using environmentally friendly processes and cleaning products a social venture?”

The answer lies in this enterprise’s mission. If this dry cleaner is “green” because she has recognized a market niche catering to people who value the environment and her goal is profit, then hers is not a social enterprise; although, it may be a sustainable business. If, on the other hand, the entrepreneur is focused on environmental sustainability, and profit is secondary and a means to growing and sustaining that mission, this business is a social enterprise.

Quote [end].

(source: https://www.quora.com/What-is-the-difference-between-social-entrepreneurship-and-sustainable-entrepreneurship-Is-sustainable-entrepreneurship-a-sub-category-of-social-entrepreneurship).

Basic definitions of terms:

On social entrepreneurship: "Social entrepreneurship is, at its most basic level, doing business for a social cause. It might also be referred to as altruistic entrepreneurship.

Social entrepreneurs combine commerce and social issues in a way that improves the lives of people connected to the cause. They don’t measure their success in terms of profit alone – success to social entrepreneurs means that they have improved the world, however they define that" (source: https://www.shopify.com/encyclopedia/social-entrepreneurship).

On sustainable entrepreneurship: "Sustainable entrepreneurship refers to the discovery, creation, and exploitation of entrepreneurial opportunities that contribute to sustainability by generating social and environmental gains for others in society (Hockerts and Wüstenhagen, 2010; Pacheco et al., 2010; Shepherd and Patzelt, 2011)" (source: https://www.rug.nl/cf/pdfs/cse/wps6_angela.pdf).

On sustainability: "Sustainability is the process of people maintaining change in a balanced environment, in which the exploitation of resources, the direction of investments, the orientation of technological development and institutional change are all in harmony and enhance both current and future potential to meet human needs and aspirations.^[1] For many in the field, sustainability is defined through the following interconnected domains or pillars: environment, economic and social, which according to Fritjof Capra^[2] is based on the principles of Systems Thinking" (source: https://en.wikipedia.org/wiki/Sustainability).

Issues and challenges in global entrepreneurship - e-resources 2019

Issues and challenges in global entrepreneurship - e-resources 2019

This kind of readings are useful for doing assignment task 1, which stress the topic of "issues" and "challenges". The readings below are illustrative on this assignment task 1 topic:


1. Challenges faced by entrepreneurs today

2. Common challenges in innovation management

3.Challenges faced by social entrepreneurs

4. Challenges with crowdfunding

5. Challenges with value co-creation practices (pdf)

6. Challenges of growth faced by micro-enterprises (pdf)

Global entrepreneurship assignment 1 - my suggested steps 2019

Global entrepreneurship assignment 1 - some suggested steps from me:


Module guide info:

"Part 1 Theory – meeting the K1 learning outcome Critical understanding of global entrepreneurship, innovation and sustainability issues and challenges" (module guide)


Theme choices (based on updated module guide):

Enterprise - Reflection of learning experience. Where am I now? 
Introduction to Global Entrepreneurship Theory vs. Practice gap. 
Global to Local – Successful Global Entrepreneurs Innovation 
Value Creation and Co-creation. 
Successful local business – from small acorns 
Entrepreneurship around the globe 
Concept of Global Citizenship 
Social Entrepreneurship 
Ethics 
Philanthropy 
Developing successful Business Ideas, exploiting global markets 
Developing Your Brand 
Moving from an idea to setting up a micro-enterprise 
Identify, design, plan, undertake, manage and exploit an entrepreneurial opportunity. 
Market Research and Feasibility Study What went wrong? What went right? 
Building a new venture team: Skills and attributes 
Managing your micro-enterprise 
Business Planning 
Finance, Costing and Funding 
Crowd Funding 
New Media and Technology 
Legal and importance of intellectual property, patents, trademarks, copyrights and trade secrets.
Global Entrepreneurship Week – Aims and Objectives 
Importance of networking, pitching and self-development. 
Popular Culture. 
Role of the United Nations and International Agencies 
Field study


The theme list has more recently been refined to become more organized and broader as follows:


A Geo-Politics and Philosophy. 
B Business Start-ups; Small Business Development, Developing successful global business ideas and exploiting global markets; Business Models, Operations. 
C Social/Corporate/Sustainable Entrepreneurship, Ethics, and Philanthropy. 
D UN Global Goals for Sustainable Development. 
E Popular culture and Cultural Entrepreneurship. 
F Human Resource, Leadership; Gender, Ethnicity, and Inclusion – Diversity and Equality. 
G Global Marketing; brands and social media. 
H Finance – Crowd funding, Crypto-currency, Block Chain, Financial dealings, business planning challenges and issues. 
I The Law and Global Entrepreneurship: Protecting your idea and Business - intellectual Property, patents, trademarks, counterfeiting. 
J Value Creation and Co-Creation; Internet of things; Innovation. 
K Your own option agreed with the Module Leader. * This could be a fusion of the above. 


The topic should be related to "issues and challenges" + other academic theories related to your chosen topic + some real-life examples/ statistics.

"The structure of your work could follow a journal article, business report format or a creative format agreed with the module leader. All these should be underpinned with an academic rigour" (module guide).


"Task 1: Choose a theme from the updated theme list; develop your individual topic and send to the local tutor for review and approval;
the task is an independent task, not related to the other tasks. Word count: 1200 to 2000 words. Cannot exceed 2000 words.Total:  40%. Use 4-5 academic references and 10-15 non-academic references" (source: https://josephho33.blogspot.com/2019/05/updated-info-about-assignment-global.html) My suggested assignment essay structure

Title: A review of the topic of XXX in the theme of YYY
1. Introduction
*** need to specify essay objectives: 
E.g. objective 1. to examine the main issues and challenges as related to XXXX
        objective 2: to examine academic viewpoints, theories and findings from the academic literature as related to XXX
        objective 3: to provide some evaluative and summarized findings with some real-life examples and statistics for illustration on XXX

2. A discussion of the main academic ideas on XXX

3. A discussion of XXX with real-life examples and statistics

4. Concluding remarks

References
Appendix

****************


Issues and challenges could be spotted from UK study materials, writings from social media and academic journal articles. 

Next, pay some attention to the concepts specifically covered in the UK study materials.



Finally, a typical format of an assignment title can be:

An examination of the major issues and challenges of [an activity theme] [e.g. crowd funding, value co-creation, branding, philanthropy, networking], with special regard to [a particular group of actors] [e.g. a particular sector, a particular country, a particular type of entrepreneurs (e.g. female), start-up enterprises, etc....].

***Make sure it is clearly related to a chosen theme option.

Specific concepts and topics covered in the teaching materials of UK 2019

Specific concepts and topics covered in the teaching materials of UK [try to use them in your assignment works]

(url address: https://josephho33.blogspot.com/2019/05/specific-concepts-and-topics-covered-in.html)

Topic 1: Micro-enterprise

Topic 2: Value co-creation/ internet of things
** video: Internet of things; 

Topic 3: Global citizenship

Topic 4: Belbin team roles

Topic 5: Reflective practice [need to study UK lecture notes on this topic]

Topic 6: PEST analysis, SWOT analysis, Porter's 5-Force model and Value Chain analysis
* Videos: SWOT analysis; PEST analysis; Porter's 5-Force model; Value Chain analysis; reading: SWOT analysis.

Topic 7: Vision and mission statement
* Reading: examples of vision and mission statements; 

Topic 8: Contingency plan

* Reading: business contingency plan;

Topic 9: Business model canvas
* Reading: an explanation of the business model canvas; 

Topic 10: Marketing, market research and marketing campaign
* Videos: steps to do marketing campaign; market research (what is); steps of market research; 

Topic 11: Human resource management, finance and legal matters, operations

Topic 12: International advertising and promotion

* Video 1: international advertising; a reading on international advertising.

Topic 13: Perceptions of entrepreneurship

Topic 14: Policies to promote global entrepreneurship

Topic 15: Design thinking and lateral thinking (for idea generation)
* Video 1: design thinking; lateral thinking.

Topic 16: Global issues and global entrepreneurship issues
* reading: Global issues (UN); 

Topic 17: Concept/ Business Plan Outline
"Concept/Business Plan Outline – The idea, The Mission and Value Statements, Market Research, Marketing, Operations/Business Model Canvas, Human Resource Management, Finance, Legal, Contingency Plan. "

Assignment tasks and related topics

Task 1 (individual academic essay on a chosen topic related to a chosen theme): refer to the updated list of themes: may use some of the topics above in your essay. The main focus is on "issues and challenges" of your chosen topic.
Task 2 (group business project and report [practical report]): Must use: topics 1, 6, 7, 8, 9, 10, 11 and 17; probably: topics 2, 3 and 12
Task 3 (individual reflective report on the whole course [i.e. tasks 1 and 2 and the subject content as a whole]): topics 4 and 5