17 May 2023

Enterprise, Innovation and Creativity in Practice : MODULE GUIDE



 

BMP 5105  

Enterprise, Innovation and Creativity in Practice

 

MODULE GUIDE

2022/2023

Semester 2

 

Level HE5

Note – the table of contents below can be updated by right clicking the mouse. Ensure that all headings are given “Heading 1” status under Styles on the Home tab to ensure these appear in the contents.

Contents

1. Module Overview2

2. Learning and Teaching Strategy2

3. Module Communications2

4. Module Description2

5. Learning Outcomes and Assessments3

6. Assessment Deadlines3

7. Assessment Feedback3

8. Module Calendar4

9. Formative Assessment4

10. Indicative Reading5

11. Guidelines for the Preparation and Submission of Written Assessments6

12. Procedures for Examinations7

13. Academic Misconduct8

14. Assessments9

15.  General Assessment Criteria for Written Assessments12

1. Module Overview  (see module spec to update)

 

Module Tutor

Rasa Zigelyte

Tel. no. 

0203 764 4292

Email

Rasa.Zigelyte@barnetsouthgate.ac.uk

Office Location

CF07 Wood Street

Drop-in Availability 

By appointment only

Weblink to Moodle Class

Enter via Barnet Moodle

Weblink to Module Specification 

https://modules.bolton.ac.uk/BMP5105

 

2. Learning and Teaching Strategy

Adapt for your module (refer to Module Specification: https://modules.bolton.ac.uk/Modules/Index

the University/Partner Calendar and programme timetable)

 

Example given below:

This module is delivered via two 1 ½ hour sessions per week over 15 weeks. To complete the module successfully you must also allocate a substantial amount of independent study time.

Most sessions comprise a formal lecture and a seminar. Weeks 2, 4 and 9 will include tutorials (group and individual) in which you have the opportunity to discuss your progress on the module with your Module Tutor.  A revision session is scheduled for week 14 and in week 15 an examination will take place.

3. Module Communications

Use standard text below – you may also have additional communication methods such as via social media.   

The Module Tutor’s contact details are provided at the top of this page.  You must check your College email address and the Moodle area dedicated to this module regularly as many module communications are channelled through these media.

 

Your Module Tutor will normally aim to respond to your email messages within 2 full working days of receipt; however responses will be longer in holiday periods.

4. Module Description

Use the information provided in the module specification: https://modules.bolton.ac.uk/Modules/Index

In order to remain competitive within a rapidly changing and competitive environment, organisations need to innovate in order to develop and sustain their operations. This module aims to develop an understanding of the relevance and implications of innovation, creativity and enterprise. Practical opportunities and constraints are also appraised in the development of a plan for new business opportunity.

 

 

 

5. Learning Outcomes and Assessments

https://modules.bolton.ac.uk/Modules/Index). 

 

Learning Outcomes

 

 

Assessment

LO1:  Appraise the challenges and rewards of entrepreneurship

Assignment 1

 

LO2:   Compare and contrast the different types and forms of enterprise activity

Assignment 1

 

LO3:  Justify and develop a plan for a business opportunity

Assignment 2

 

LO4:   Analyse support and resource requirements, as well as potential risks and barriers in relation to a business opportunity

Assignment 2

 

 

6. Assessment Deadlines

 

 

Assessment item

 

 

Due Date

 

Weight

 

1

 

Essay

7th April 2023

 

50%

 

2

 

Practical Skills Assessment

19th May 2023

50%

 

7. Assessment Feedback

Feedback on items of assessment can be formal (such as on a signed feedback form) or informal (such as advice from a tutor in a tutorial). Feedback is therefore not just your grade or the comments written on your feedback form, it is advice you get from your tutor and sometimes your peers about how your work is progressing, how well you have done, what further actions you might take. 

 

We recognise the value of prompt feedback on work submitted. Other than in exceptional circumstances (such as might be caused by staff illness), you can expect your assignment and examination work to be marked and feedback provided not more than 15 working days from the deadline date. However, please note that that such feedback will be provisional and unconfirmed until the Assessment Board has met and may therefore be subject to change.

 

Please take time you read or listen to your assessment feedback. This can be very useful in determining your strengths and key areas for development, and can therefore help you improve on future grades.

8. Module Calendar

 

Session No.

Date or Week Commencing

Topics Covered

1

24/02/23

The Entrepreneurial process

2

03/03/23

Entrepreneur Contexts

3

10/03/23

The enterprising person and the entrepreneurial team

4

17/03/23

Creativity, invention and innovation & Constraints

5

24/03/23

Researching markets and opportunity evaluation

Business Planning, Intellectual Property" what if " scenarios

6

31/03/23

Segmentation/Positioning/USP

Launching the product or service /Marketing activities

ASS 1 Due 

7

07/04/23

ASS 1 Due

8

10/04/23

Easter Break 

9

14/04/23

Easter Break

10

21/04/23

Resource Acquisition including sources of finance - 

11

28/04/23

Researching ideas & Budgeting, Pricing and costingdecisions

12

05/05/23

Business Plan content & Cashflow forecasting/Breakeven.

Business Plan justification including risks and barriers.

13

12/05/23

Growth or consolidation: what happens after the launch?

Business Plan One to One’s

14

19/05/23

ASS 2 Due- Presentations- Business Plan

15

26/05/23

Referrals

16

02/06/23

Half Term Week  

17

09/06/23

Module and assignment feedback

 

 

 

 

 

 

 

 

 

9. Formative Assessment

Adapt for your module.  Example given below:

Formative assessment is employed to support your learning on the module, allowing you to reflect on feedback on your progress from your tutors and peers. It takes a variety of forms including and does not contribute to the final module mark. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. Indicative Reading

seehttps://www.bolton.ac.uk/library/Study-Skills/Referencing/Home.aspx

 

Bessant, J. R., & Tidd, J. (2015). Innovation and Entrepreneurship (3rd ed.). Hoboken: John Wiley & Sons

 

Cook, P. (2015) Leading Innovation, Creativity and Enterprise. 2nd ed. London: Bloomsbury

 

Mooney, G. (2009) Enterprise Creativity and Innovation: A Framework for Generating and Realising Organisational Ideas. Saarbrucken: LAP Lambert Academic Publishing

 

Stokes, D., Wilson, N. and Mador, M. (2010) Entrepreneurship. London: Cengage Learning EMEA

 

Wickham, P (2006) Strategic Entrepreneurship. 4th ed. Harlow: Prentice-Hall.

 

Small Business and Enterprise Development (e-journal)

 

Enterprise and innovation management studies (e-journal)

 

Journal of Small Business and Enterprise (e-journal)

 

 

 

 

 

 

 

11. Guidelines for the Preparation and Submission of Written Assessments

1. Written assessments should be word-processed in Arial or Calibri Light font size 12. There should be double-spacing and each page should be numbered.

 

2. There should be a title page identifying the programme name, module title, assessment title, your student number, your marking tutor and the date of submission. 

 

3. You should include a word-count at the end of the assessment (excluding references, figures, tables and appendices).

        Where a word limit is specified, the following penalty systems applies:

•€Up to 10% over the specified word length = no penalty

•€10 – 20% over the specified indicative word length = 5 marks subtracted (but if the assessment would normally gain a pass mark, then the final mark to be no lower than the pass mark for the assessment). 

•€More than 20% over the indicative word length = if the assessment would normally gain a pass mark or more, then the final mark will capped at the pass mark for the assessment.

 

4. All written  work should be referenced using the standard University of Bolton referencing style– see: https://www.bolton.ac.uk/library/Study-Skills/Referencing/Home.aspx

 

5. Unless otherwise notified by your Module Tutor, electronic copies of assignments should be saved as word documents and uploaded into Turnitin via the Moodle class area. If you experience problems in uploading your work, then you must send an electronic copy of your assessment to your Module Tutor via email BEFORE the due date/time.

 

6. Please note that when you submit your work to Moodle, it will automatically be checked for matches against other electronic information. The individual percentage text matches may be used as evidence in an academic misconduct investigation (see Section 13).

 

7. Late work will be subject to the penalties:

•€Up to 7 calendar days late = 10 marks subtracted but if the assignment would normally gain a pass mark, then the final mark to be no lower than the pass mark for the assignment. 

•€More than 7 calendar days late This will be counted as non-submission and no marks will be recorded.

 

Where assessments are graded Pass/Fail only they will not be accepted beyond the deadline date for submission and will be recorded as a Fail.  Students may request an extension to the original published deadline date as described below.

 

8. In the case of exceptional and unforeseen circumstances, an extension of up to 14 days after the assessment deadline may be granted. This must be agreed by your Programme Leader, following a discussion the Module Tutor.  You should complete an Extension Request Form available from your Tutor and attach documentary evidence of your circumstances, prior to the published submission deadline.

 

Extensions over 14 calendar days should be requested using the Mitigating Circumstances procedure, with the exception ofextensions for individual projects which, at the discretion of the Programme Leader, may be longer than 14 days.

 

Requests for extensions which take a submission date past the end of the module (normally week 15) must be made using the Mitigating Circumstances procedures.

 

Some students with registered disabilities will be eligible for revised submission deadlines. Revised submission deadlines do not require the completion extension request paperwork.

 

Please note that the failure of data storage systems is not considered to be a valid reason for an extension. It is therefore important that you keep multiple copies of your work on different storage devices before submitting it.

 

13. Academic Misconduct

Academic misconduct may be defined as any attempt by a student to gain an unfair advantage in any assessment. This includes plagiarism, collusion, commissioning (contract cheating) amongst other offences. In order to avoid these types of academic misconduct, you should ensure that all your work is your own and that sources are attributed using the correct referencing techniques. You can also check originality through Turnitin.

 

Please note that penalties apply if academic misconduct is proven. See the following link for further details: 

https://www.bolton.ac.uk/about/governance/policies/student-policies/

 

14. Assessments

 

Assessment Number

1

Assessment Type (and weighting)

Theoretical Essay (50%) 2000 words

Assessment Name

Theoretical Essay

Assessment Submission Date

7th of April 2023

 

LO1:  Appraise the challenges and rewards of entrepreneurship

LO2:   Compare and contrast the different types and forms of enterprise activity

 

Assessment Brief

 

Assignment Task 

 

 In this assignment you are expected to appraise the role of creativity, innovation and enterprise in organizations as well as distinguish between types and forms of enterprise activity  

The assignment must include the following topics: 

 

Creativity, Innovation and Enterprise 

Types and Forms of Enterprise Activity 

Enterprise Contexts and Entrepreneurial Process 

 

 The essay MUST appraise the role of creativity, innovation and enterprise in organisations and the importance to the UK economy and society. The essay must include examples of Organisations (Private, Social and Public) who have demonstrated Creativity, Innovation and Enterprise. The essay needs to stress the importance of Creativity, Innovation and Enterprise for organisations to survive and grow as well as the challenges facing organisations to encourage and nurture entrepreneurism within the business. 

 

Finally, the essay must distinguish between types and forms of enterprise activity. This should include Intrapreneurs within different contexts as well the entrepreneurial process.

 

Make sure you refer to the academic literature on the above topics and related theoretical concepts such as the entrepreneurial process. The essay must be properly referenced according to the Harvard method and the use required number of references for HE5. 

 

Finally the conclusion of your essay should evaluate the importance of creativity, innovation and enterprise for UK businesses and Entrepreneurism for UK economy and society. 

 

The academic essay and in its paragraphs should broadly follow this structure: 

 

•€a brief introduction; 

 

•€a main body (this should form the bulk of the essay preferably organised into sections and subsections which include a series of paragraphs); 

  

•€and a brief conclusion. 

 

You may use diagrams, graphs or charts if you feel they add value to the essay.  

 

 IMPORTANT NOTE: 

 

* It is essential that the essay is in your own words and that any quotes/referenced material is no more than 2 lines per item. 

 

Secondary Research Level HE5 - It is expected that the Reference List will contain between ten and fifteen sources. As a MINIMUM the Reference List should include two refereed academic journals and three academic books 

 

First class: This piece of work shows evidence of wider research with reference to a number of differing academic viewpoints. The essay has recognised relevantly and discussed in detail, all the required external environmental factors which affect the management operation of mega events.  Several reasoned and logical arguments have been developed well and supported by a wide range of appropriately researched literature. Reference to two or more academic models is clear, relevant and informative. Presentation is of a high standard, and in the appropriate essay style.  The high number of appropriate sources has been referenced accurately and to a high standard.  

 

Second class: A clear and informative piece of work with evidence of wider research and discussion. The essay has correctly recognised and discussed, all the required external environmental factors which affect the management operation of mega events.  Some reasoned arguments have been developed and supported by a good number of sources.  Reference to two academic models is clear.  Presentation is of a good standard, in the appropriate essay style.  A good number of appropriate sources have been referenced well, with most complying with the Harvard style. 

 

Third class: A reasonable attempt has been made at researching the essay but greater in depth discussion and academic debate is required.  The essay has recognised the external environmental factors which affect the management operation of mega events, however mostly the discussion is superficial and lacking in any depth.  Reference to two academic models has been attempted.  Presentation of the essay is limited, and Only the minimum of 5 sources has been provided, with at least one academic text and two academic journals included.  

 

Fail (39% and below): Students who do not meet the requirements of a third-class grade will not successfully complete the assessment activity

 

 

 

 

 

 

.

Assessment Number

2

Assessment Type (and weighting)

 

Assessment Title

Presentation – Business Plan

Submission Date

19th of May 2023

 

This assessment satisfies the learning outcomes as specified in your module guide.

 

LO3:  Develop an effective business plan for self-selected business

Assignment 2 (1250words)

 

LO4:   Demonstrate effective research strategies

Assignment 2 (1250 words) 

 

 

Assignment Task

 

In this assignment you or in your group (no more than 2 in a group) are expected to produce a professional business plan and present the idea to a business panel. You/ or each member of the group must present and be prepared to answer individual questions which will form part of the assessment.

In addition, each member of the group must prepare a reflective statement that evaluates the business proposal, the research collected and examines both the strengths and weaknesses of the plan and highlights any key facts that support the idea. In addition, you must include a ‘what if’ section with solutions to those particular problems or issues.

 

 

 

 

The business plan must include the following topics within the plan:

 

The Business Plan ( as per the template supplied)

 

1. Executive Summary

2. Business Description including USP aims and objectives.

3. Target Audience and Market Research supporting the idea & Competitor Analysis

4. Pricing and Marketing Strategy

5. Financial Costs including Cashflow Forcast

6. Company Structure & Team including Skills and Experience

7. Legal Requirements

 

 

The business plan must be completed using the professional templates available from High Street Banks/ or Small Business Start Up websites or you may use the business plansupplied in class. You must complete all sections including the financial documents especially a (Cashflow forecast). It is important that you complete a competitor analysis within the plan and any secondary data used in your research must be referenced. 

 

The Presentation

 

This will be a group presentation in which everyone must participate. The presentation should be no more than 15-18 minutes (+/- 10%) and there will 10 minutes of questions at the end of your presentation. These will be individual questions.

 

The presentation should cover:

•€The business idea, vision and USP

•€Research that supports your idea

•€Competitor analysis

•€Predicted start-up costs, funding and sales

•€Cashflow Forecast

•€Strengths and Weaknesses of your plan

 

The presentations will commence at 12.00pm on Friday 19th of May 2023

 

Note:

The business plan, copies of the slides and your reflective statements must be submitted on Thursday18th May 202023 no later than 11pm on the iLearnportal

 

Secondary Research Level HE5 - It is expected that the Reference List will contain between ten and fifteen sources.As a MINIMUM the Reference List should include tworefereed academic journals and four academic books

 

First class (70%+)  A professional level Business Plan has been produced and presented.  The plan shows evidence of wider research with reference to a number of differing academic sources and there is in depth coverage of:  The business idea and vision and the research supporting the idea, Competitor analysis, Predicted start-up costs, funding and sales, Cashflow Forecast and Strengths and Weaknesses of your plan.  A high number of appropriate sources have been accurately.  Full responses to all questioning including ‘What If’ scenarios

 

Second class (50%-69%) A good clear Business Plan and Presentation which shows some evidence of wider research.  There is good overage of all aspects of the business idea and there is good referencing of sources in the Harvard style throughout.  Good attempt to respond to all questioning about the Business Idea and the supporting paperwork

 

Third class (40-49%): A basic Business Plan and Presentation which shows little evidence of wider research.  There is reasonable overage of most of the aspects of the business idea but limited referencing of sources.  Some attempt to respond to all questioning about the Business Idea and the supporting paperwork

 

 

Fail (39% and below): Students who do not meet the requirements of a third class grade will not successfully complete the assessment activity

 

​​11

 

General Assessment Guidelines for Written AssessmentsLevel HE5 

 

%

Relevance

Knowledge

Argument/Analysis

Structure

Presentation

Written English

Research/Referencing

Class I
(Exceptional 

Quality)

85-100%

 

 

 

 

Directly relevant to title.  

Expertly addresses the assumptions of the title and/or the requirements of the brief.

Demonstrates an exceptional knowledge/understanding of theory and practice for this level through the identification and critical analysis of the most important issues and themes.

Makes exceptional use of appropriate arguments and/or theoretical models. Demonstrates some distinctive or independent thinking. Presents an exceptional critical analysis of the material resulting in clear, logical and original conclusions.

Coherently articulated and logically structured. An appropriate format is used.  

The presentational style & layout is correct for the type of assignment.

Effective inclusion of figures, tables, plates (FTP).

An exceptionally well written answer with standard spelling and grammar. 

Style is clear, resourceful and academic.

 

Sources accurately cited in the text. A wide range of contemporary and relevant references cited in the reference list in the correct style.

Class I
(Excellent

Quality)

70-84%

 

 

 

Directly relevant to title.  

Addresses the assumptions of the title and/or the requirements of the brief.

Demonstrates an excellent knowledge/understanding of theory and practice for this level through the identification and analysis of the most important issues and themes.

Makes creative use of appropriate arguments and/or theoretical models. 

Presents an excellent analysis of the material resulting in clear, logical conclusions.

Coherently articulated and logically structured.

An appropriate format is used.  

The presentational style & layout is correct for the type of assignment.

Effective inclusion of figures, tables, plates (FTP).

An excellently written
answer with standard spelling and grammar. 

Style is clear, resourceful and academic.

 

Sources accurately cited in the text. A range of contemporary and relevant references cited in the reference list in the correct style.

Class II/i
(Very Good Quality)

60-69%

Directly relevant to title. 

Addresses most of the assumptions of the title and/or the requirements of the brief.

Demonstrates a very good knowledge/understanding of theory and practice for this level through the identification and analysis of key issues.

Uses sound arguments or theoretical models. Presents a clear and valid analysis of the material in the main with clear, logical conclusions.

Logically constructed in the main. An appropriate format is used.  

The presentational style & layout is correct for the type of assignment.

Effective inclusion of FTP.

A very well written answer with standard spelling and grammar. Style is clear and academic.

 

Sources accurately cited in the text and a range of appropriate references cited in reference list in the correct style.

Class II/ii
(Good Quality)

 

50-59%

Generallyaddresses the title/brief, but sometimes considers irrelevant issues. 

Demonstrates a good knowledge/understanding of theory and practice for this level through the identification and analysis of some key issues.

Presents largely coherent arguments. Evidence of attempted analysis, with some descriptive or narrative passages. Conclusions are fairly clear and logical.

For the most part coherently articulated and logically structured. An acceptable format is used.

The presentational style & layout is correct for the type of assignment.

Inclusion of FTP but lacks selectivity.

Competently written with minor lapses in spelling and grammar. Style is readable and academic in the main.

 

Most sources accurately cited in the text and an appropriate reference list is provided which is largely in the correct style.

Class III
(Satisfactory Quality)

40-49%

Some degree of irrelevance to the title/brief.  

 

Superficial consideration of the issues. 

Demonstrates an adequate knowledge/understanding of theory and practice for this level. An attempt is made to analyse key issues.

Presents basic arguments, but focus and consistency lacking in places. Issues are vaguely stated. Descriptive or narrative passages evident which lack clear purpose. Conclusions are not always clear or logical.

Adequate attempt at articulation and logical structure. 

An acceptable format is used.

The presentational style & layout is largely correct for the type of assignment.

Inappropriate use of FTP or not used where clearly needed to aid understanding.

Generallycompetently written although intermittent lapses in grammar and spelling pose obstacles for the reader. Style limits communication and is non-academic in a number ofplaces.

Some relevant sources cited.

Some weaknesses in referencing technique.

Borderline

Fail

 

35-39%

 

Significant degree of irrelevance to the title/ brief. Onlymost obvious issues are addressed at a superficial level and in unchallenging terms.  

Demonstrates weaknesses in knowledge of theory and practice for this level, with poor understanding of key issues.

Limited argument, which is descriptive or narrative in style with little evidence of analysis. Conclusions are neither clear nor logical.

Poorly structured. 

Lack of articulation.

Format deficient.

For the type of assignment the presentational style &/or layout is lacking. 

FTP ignored in text or not used where clearly needed.

Deficiencies in spelling and grammar makes reading difficult. Simplistic or repetitious style impairs clarity.

Style is non-academic.

Limited sources and weak referencing.  

Fail

 

<34%

 

Relevance to the title/brief is intermittent or missing. 

The topic is reduced to its vaguest and least challenging terms.  

Demonstrates a lack of basic knowledge of either theory or practice for this level, with little evidence of understanding.

Inadequate arguments and no analysis.

Conclusions are sparse.

Unstructured. 

Lack of articulation. Format deficient

For the type of assignment the presentational style &/or layout is lacking.

FTP as above.

Poorly written with numerous deficiencies in grammar, spelling and expression.

Style is non-academic.

An absence of academic sources and poor referencing technique.

 

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