Introduction
Hi everyone. The topic introduced will cover Grade 10 entrepreneurial qualities. The video below will explain the outcomes of the lesson and what is required from you after watching this video. Please take note.
Task
Complete the following questions with the information given from the videos above.
Unit 2: Entrepreneurial qualities
Activity 1: Entrepreneurship
Question 1
Identify the entrepreneurial quality represented by Maggie in each statement below:
(a) Maggie attends training courses on how to expand her business.
(b) She has just established another branch even though she is not sure if the new business will be successful.
(c) Maggie’s business is not making enough profit anymore but she refuses to give up.
(d) She admits rendering poor services to her customers but promised them to improve on this.
(e) Maggie opens her business at 6am and closes at 9pm in order to cater for customers who arrive home late from work.
(f) She keeps on changing the way she does business in order to achieve her goals.
(g) Maggie always advises her workers to treat customers with respect and dignity
(7)
Question 2
Match Column B with Column A. For example 1.1 A
|
Column A |
Column B |
|
1.1 Looking for an opportunity to turn a hopeless situation into a business possibility by identifying a gap in the market |
a) Flexibililty |
|
1.2 A person who takes a chance, not knowing what the outcome will be |
b) Passion
|
|
1.3 Ability to adapt to changing circumstances |
c) Leadership |
|
1.4 The ability to motivate others to follow |
d) Organisational skills |
|
1.5 Continuously working hard |
e) Opportunity-seeking |
|
1.6 Intense feeling towards |
f) Risk taker |
|
1.7 The ability to put resources and activities in order |
g) Commitment |
(14)
Question 3:
Timna wants to open a hair salon business, however she does not know the commitment of opening her own business and becoming an entrepreneur. Write an essay and discuss the following:
- What is an entrepreneur
- Characteristics of an entrepreneur
- The entrepreneurial process (30)
Process
Step 1: Read carefully and follow the instructions given in the introduction.
Step 2: Watch all videos and complete the following questions. It is compulsory to complete all 3 questions.
Step 3: Complete questions in MS Word and submit when completed. (Provide name and surname)
Step 4: Submit via email provided.
Evaluation
| Evaluation | Marks |
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Question1 (7 marks) |
|
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Question2 (14 marks) |
|
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Question3 (30 marks) |
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Question 3: Essay
|
7 | 5 | 3 | 1 |
| Layout (Introduction and conclusion) | EXCELLENT | GREAT | ADEQUATE | FAIR |
| Knowledge and understanding | EXCELLENT | GREAT | ADEQUATE | FAIR |
| Originality/Examples | EXCELLENT | GREAT | ADEQUATE | FAIR |
| Quality of essay | EXCELLENT | GREAT | ADEQUATE | FAIR |
| TOTAL : 30 marks |
Conclusion
In conclusion, this topic is important for learners who want to become future entrepreneurs. An entrepreneur is a risk taker, who is always dedicated and committed to his/her business no matter what challenges come their way. Entrepreneurs are always adapting and creating new concepts to keep up with trends. To become an entrepreneur you need to posses certain characteristics. These characteristics are risk taking, open mindedness, desire for responsibility and making a profit.
I hope this lesson was helpful and will start the creativity to become an entrepreneur and start your own business. The next topic that I will cover is forms of ownership. Watch the following video for prior knowledge for next week. Thank you
Teacher Page
I hope you enjoyed the lesson. Read and follow the instructions carefully. Make sure you complete all the questions within the task. If you have any questions you may email me. Do not forget to watch the video for next week's lesson about forms of ownership.
Submit work with this email address: 216226023schierhouta@gmail.com
Kind regards
Ms Andrea Schierhout
Student number: 216226023
Email address: 216226023schierhouta@gmail.com