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The learning outcomes for GBE801 Business Enterprise Management are as follows: 1. Describe what is meant by the business enterprise and innovation sector, and critically evaluate its significance within the contemporary New Zealand economy 2. Demonstrate an assured understanding of the key tasks, skills and attitudes required for effective business enterprise management. 3. Assess their personal suitability for a career as a self-employed innovator or entrepreneur, or in business enterprise management. 4. Articulate clearly the distinguishing features of an innovative idea and a business plan respectively; and of the processes that translate a conception into a viable practical reality. 5. Identify entrepreneurial business opportunities incorporating appropriate screening and business research and analysis techniques, and be able to delineate and justify the potential for developing innovative products and services. 6. Produce a feasibility report for an innovative new business enterprise.How does being an early creator of innovation impact on economic success for a business? Provide one example of a success and one example of a failure to illustrate your answerYou are required to complete a self-evaluation assessment to assist you with creating a Personal Entrepreneurial Strategy. Your self-assessment can be conducted in whatever manner you choose, but it needs to be comprehensive enough to enable you to answer the following questions: a) What personal skills, experience and resources do I currently possess? b) What personality type do I have using: o The Myers Briggs test o One other test framework of your choice c) How are my skills and personality suited to being a visionary leader in an entreperneurial business? d) What weaknesses do I have that would need to be developed, resolved or changed to meet the goal of being an entrepreneur? Present this section as a personal action plan. You should utilise several different models and frameworks to ensure that you can adequately answer these questions. Obtaining feedback from other people can be very helpful, as can comparing your personality with successful entrepreneurs. Your entrepreneurial strategy should be practically focussed and presented in a manner which is practical and useful to your development. Length: Maximum of 3 pages, plus appendices
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