Module 9-assignments
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This document outlines a business ethics and risks module to be completed by August 1st. It includes 7 assignments covering topics like ethical responsibilities towards customers and communities, developing codes of ethics, and analyzing risks that could affect a small business. Students are asked to determine types of risks, analyze their effects, and develop a risk plan. The module provides learning objectives, activity descriptions, and due dates for assignments like developing a code of ethics, identifying community support opportunities, and completing quizzes and discussions on ethics and managing business risks.
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· ex.) Reward systems for following regulations, committees, maintenance checks. etc
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Identify
1) CSR Issues
2) Suggest Communication Mode (USE: MS/Mission, VA/Values, VS/Vision, CE/Code of Ethics, CBC/Code of Business Conduct, SC/Supply Chain Standards, SupplierGML/General Manager's Annual Letter to Stakeholders, Any Other deemed appropriate) and
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2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
Principle 2 – CONTRIBUTE TO ECONOMIC, SOCIAL AND ENVIRONMENTAL DEVELOPMENT
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
Principle 3 – BUILD TRUST BY GOING BEYOND THE LETTER OF THE LAW
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
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Pay salaries to employees accordingly and fairly. Do not offshore work.
Disclose reports detailing the companies issues and finances. Do not lie on the reports
Follow all contracts with suppliers and do not shortchange them.
No Price fixing, or setting artificially high prices due to monopoly status
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
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1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
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Module Teaching Objectives
To introduce students to the concept of innovation
To explain why it is important for all types of firm or organisation and country economies
To learn how to innovate and the role of ‘entrepreneurial management’ in this context
1
BS2402 Innovation & Entrepreneurship
1
Module Learning Outcomes
Understand what is meant by innovation
Understand what is meant by entrepreneurship
Assess why innovation and entrepreneurial management are important for wealth and value creation
Evaluate the potential importance of innovation and entrepreneurial management in your own organisation by using what you have learnt
2
BS2402 Innovation & Entrepreneurship
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Module Structure OverviewDateContentManual refAssignment linkWed 5th SeptIntroduction to Innovation & defining
Assignment Brief.
Entrepreneurship.
Importance of innovationUnit s 1,2,3Define innovation & types. Recent innovations in org’n
Understand assignment. Define entrepreneurship/ entrepreneurial management.Sat 8th SeptEntrepreneurial/ innovation mgt process
Context for Innovation. Factors supporting/ hindering.
Managing the process
Overcoming barriersUnits 4,5,6Behaviours that impede or facilitate entrepreneurial management .
Critical factors/barriers?
Making the innovation happen
3
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3
Today’s Agenda
am
9.00 Mktg feedback form
9.10 Recap
9.30 Assignment detail
10.00 Context - external
10.20 BREAK
10.30 Context – internal
Management style & orientation
12.40 LUNCH
pm
13.40 Innovation Process
13.55 Ideas Generation
15.00 BREAK
15.10 Remainder of Innovation Process
15.40/16.00 Assignment Q&A
16.00/16.30 END
(mini breaks as required)
BS2402 Innovation & Entrepreneurship
Take chocolates and grapes + a big bottle of water (take cups from staff room)
4
What is the difference
between invention & innovation?
BS2402 Innovation & Entrepreneurship
5
INNOVATION: A Definition (E. Roberts)
Successful Exploitation and Implementation
INNOVATION
Good Idea
Invention
=
Innovation as Source of Competitive Advantage for Economic Renewal
+
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What is the difference between creativity & innovation
Innovation as a process with many different inputs to achieve an innovative output
(Joseph Shumpeter, 1934)
Five Categories of Innovation
‘Totally new or significantly improved good’ - Product Innovation (DVD, Walkman, iPod, PC, car)
2. ‘New method of production’ - New Process (Synthetic Insulin; float glass; iPod; Zara http://www.msnbc.msn.com/id/5457434/site/newsweek/
3. ‘Opening New Market’ - Applying a product or process to a new application (Plastic Jug Kettle; Sushi bars; Benihana)
4. New source/ supply of raw materials (Synthetic Slate, Silicone)
5. New form of organisation (Direct Line, Amazon)
BS2402 Innovation & Entrepreneurship
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Schumpeter – will see alot in your manual – talks of five main categories that cross-over with the t ...
Student Number‐SECTIONA.docx
Student Number: ‐
SECTIONA
/50
SECTIONB
/75
SECTIONC
/75
TOTAL
/200
MAN681-1-1
1
Student Number: ‐
SUMMATIVEASSESSMENT3(MODULES7&8):ENTREPRENEURSHIP
SECTIONA:SHORTQUESTIONS
Question1:SelectfromcolumnAthecorrectanswertomatchcolumnB.
Match the concepts in column A with the descriptions in column B:
A
Statement:B
Nr:
YourAnswers:
a) Economics
1.1 Business cycle, inflation, and recession
1.1
b) Micro economics
1.2 Economy as a whole, supply and demand for money, capital and commodities
1.2
c) Economic factors
1.3 Individual agents such as households and businesses
1.3
d) Macro economics
1.4 Production, distribution, trade and consumption of goods and services
1.4
e) Free Market economy
1.5 All transfers of money, goods and services are devoid of coercion and theft
1.5
Total question 1
/5
Question2:SelectfromcolumnAthecorrectanswertomatchcolumnB.
Match the factors that influence the form of business ownership in column A with the descriptions in column B:
A
Statement:B
Nr:
YourAnswers:
a) Liability and accountability
2.1 Lifespan of the business.
2.1
b) Continuity
2.2 Separate (from owner) legal entity.
2.2
c) Legal personality
2.3 Statutory requirements that must be complied with.
2.3
d) Legal requirements
2.4 Requirements on how financial record must be kept
2.4
e) Accounting requirements
2.5 Responsibility for possible debts and other legal obligations of a business.
2.5
Total question 2
/5
2
(
3
)
Student Number:
‐
Question3:Readeachstatementcarefullythenstatetrueorfalseinthespaceprovided.
Nr:
Statement:
Your
3.1
An entrepreneur is a high risk-taker who will enthusiastically embrace a new or original concept that has not been tried before.
3.2
Large corporate companies, in most of the successful world economies are the biggest contributors to job creation.
3.3
Entrepreneurs have the freedom to choose and make their own decisions—they answer to no-one.
3.4
All SMMEs are owned or managed by entrepreneurs.
3.5
Entrepreneurs are also small business managers as they manage their own enterprises to ensure permanence and growth.
3.6
Innovation deals with finding an idea for a new product.
3.7
A viability study is an in-depth investigation of the profitability of a business idea to be converted into a business enterprise.
3.8
A feasibility study largely focuses on the entrepreneur’s ability to convert an idea into a small business enterprise.
3.9
General Motors practises niche marketing when it sells specific models for different income and age groups
3.10
Nike practises segment marketing by selling athletic gear for basketball, running, and soccer.
Total question 3
/10
Question4:ChoosetheCORRECTanswerbyselectingaorb.
Nr:
Statement:
YourAnswers
4.1
‘Customised marketing’ involve.
"Protectable subject matters, Protection in biotechnology, Protection of othe...
Protectable subject matters, Protection in biotechnology, Protection of other biological materials, Ownership and period of protection
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PART#4Put section 2 & 3 into ACTIONS! · How are we going to ac.docx
PART#4
Put section 2 & 3 into ACTIONS!
· How are we going to accomplish these things
· What methods, practices, policies and logistical features would we include in our “forum” to ensure these things are being followed by our partners and people using our forum/resource???
· ex.) Reward systems for following regulations, committees, maintenance checks. etc
NOTE: This template is inspired by the CauxRT General Principles. It is a tool for CSR Planning & Documentation 1) to create conditions for stakeholders to work together and live in society to advance the common good. - They are guidelines for enabling cooperation and mutual prosperity to coexist non-conflictually with healthy and fair competition, and 2) to value each person as an end, not simply as a mean to the fulfillment of its, or its owners, purposes, or even as a reason to coerce or otherwise force an individual to accede to a majority in any circumstance.
Identify
1) CSR Issues
2) Suggest Communication Mode (USE: MS/Mission, VA/Values, VS/Vision, CE/Code of Ethics, CBC/Code of Business Conduct, SC/Supply Chain Standards, SupplierGML/General Manager's Annual Letter to Stakeholders, Any Other deemed appropriate) and
3) Structural Implications - Commitees, budgets, staff resources needed for each.
Principle 1 - RESPECT STAKEHOLDERS BEYOND SHAREHOLDERS
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
Principle 2 – CONTRIBUTE TO ECONOMIC, SOCIAL AND ENVIRONMENTAL DEVELOPMENT
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
Principle 3 – BUILD TRUST BY GOING BEYOND THE LETTER OF THE LAW
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
Follow all laws, and be honest with consumer, do not be fraudulent.
Pay salaries to employees accordingly and fairly. Do not offshore work.
Disclose reports detailing the companies issues and finances. Do not lie on the reports
Follow all contracts with suppliers and do not shortchange them.
No Price fixing, or setting artificially high prices due to monopoly status
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
Principle 4 – RESPECT RULES AND CONVENTIONS
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
2) Suggest Communication Mode
3) Structural Implications - Committees, BofD Responsibilties, Outreach, etc.
Principle 5 – SUPPORT RESPONSIBLE GLOBALISATION
1. Customers
2. Employees
3. Shareholders
4. Suppliers
5. Competitors
6. Communities
1) CSR Issues
2) Suggest Communi.
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Module Teaching Objectives
To introduce students to the concept of innovation
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To learn how to innovate and the role of ‘entrepreneurial management’ in this context
1
BS2402 Innovation & Entrepreneurship
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Module Learning Outcomes
Understand what is meant by innovation
Understand what is meant by entrepreneurship
Assess why innovation and entrepreneurial management are important for wealth and value creation
Evaluate the potential importance of innovation and entrepreneurial management in your own organisation by using what you have learnt
2
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Module Structure OverviewDateContentManual refAssignment linkWed 5th SeptIntroduction to Innovation & defining
Assignment Brief.
Entrepreneurship.
Importance of innovationUnit s 1,2,3Define innovation & types. Recent innovations in org’n
Understand assignment. Define entrepreneurship/ entrepreneurial management.Sat 8th SeptEntrepreneurial/ innovation mgt process
Context for Innovation. Factors supporting/ hindering.
Managing the process
Overcoming barriersUnits 4,5,6Behaviours that impede or facilitate entrepreneurial management .
Critical factors/barriers?
Making the innovation happen
3
BS2402 Innovation & Entrepreneurship
3
Today’s Agenda
am
9.00 Mktg feedback form
9.10 Recap
9.30 Assignment detail
10.00 Context - external
10.20 BREAK
10.30 Context – internal
Management style & orientation
12.40 LUNCH
pm
13.40 Innovation Process
13.55 Ideas Generation
15.00 BREAK
15.10 Remainder of Innovation Process
15.40/16.00 Assignment Q&A
16.00/16.30 END
(mini breaks as required)
BS2402 Innovation & Entrepreneurship
Take chocolates and grapes + a big bottle of water (take cups from staff room)
4
What is the difference
between invention & innovation?
BS2402 Innovation & Entrepreneurship
5
INNOVATION: A Definition (E. Roberts)
Successful Exploitation and Implementation
INNOVATION
Good Idea
Invention
=
Innovation as Source of Competitive Advantage for Economic Renewal
+
BS2402 Innovation & Entrepreneurship
6
What is the difference between creativity & innovation
Innovation as a process with many different inputs to achieve an innovative output
(Joseph Shumpeter, 1934)
Five Categories of Innovation
‘Totally new or significantly improved good’ - Product Innovation (DVD, Walkman, iPod, PC, car)
2. ‘New method of production’ - New Process (Synthetic Insulin; float glass; iPod; Zara http://www.msnbc.msn.com/id/5457434/site/newsweek/
3. ‘Opening New Market’ - Applying a product or process to a new application (Plastic Jug Kettle; Sushi bars; Benihana)
4. New source/ supply of raw materials (Synthetic Slate, Silicone)
5. New form of organisation (Direct Line, Amazon)
BS2402 Innovation & Entrepreneurship
7
Schumpeter – will see alot in your manual – talks of five main categories that cross-over with the t ...
Student Number‐SECTIONA.docx
Student Number: ‐
SECTIONA
/50
SECTIONB
/75
SECTIONC
/75
TOTAL
/200
MAN681-1-1
1
Student Number: ‐
SUMMATIVEASSESSMENT3(MODULES7&8):ENTREPRENEURSHIP
SECTIONA:SHORTQUESTIONS
Question1:SelectfromcolumnAthecorrectanswertomatchcolumnB.
Match the concepts in column A with the descriptions in column B:
A
Statement:B
Nr:
YourAnswers:
a) Economics
1.1 Business cycle, inflation, and recession
1.1
b) Micro economics
1.2 Economy as a whole, supply and demand for money, capital and commodities
1.2
c) Economic factors
1.3 Individual agents such as households and businesses
1.3
d) Macro economics
1.4 Production, distribution, trade and consumption of goods and services
1.4
e) Free Market economy
1.5 All transfers of money, goods and services are devoid of coercion and theft
1.5
Total question 1
/5
Question2:SelectfromcolumnAthecorrectanswertomatchcolumnB.
Match the factors that influence the form of business ownership in column A with the descriptions in column B:
A
Statement:B
Nr:
YourAnswers:
a) Liability and accountability
2.1 Lifespan of the business.
2.1
b) Continuity
2.2 Separate (from owner) legal entity.
2.2
c) Legal personality
2.3 Statutory requirements that must be complied with.
2.3
d) Legal requirements
2.4 Requirements on how financial record must be kept
2.4
e) Accounting requirements
2.5 Responsibility for possible debts and other legal obligations of a business.
2.5
Total question 2
/5
2
(
3
)
Student Number:
‐
Question3:Readeachstatementcarefullythenstatetrueorfalseinthespaceprovided.
Nr:
Statement:
Your
3.1
An entrepreneur is a high risk-taker who will enthusiastically embrace a new or original concept that has not been tried before.
3.2
Large corporate companies, in most of the successful world economies are the biggest contributors to job creation.
3.3
Entrepreneurs have the freedom to choose and make their own decisions—they answer to no-one.
3.4
All SMMEs are owned or managed by entrepreneurs.
3.5
Entrepreneurs are also small business managers as they manage their own enterprises to ensure permanence and growth.
3.6
Innovation deals with finding an idea for a new product.
3.7
A viability study is an in-depth investigation of the profitability of a business idea to be converted into a business enterprise.
3.8
A feasibility study largely focuses on the entrepreneur’s ability to convert an idea into a small business enterprise.
3.9
General Motors practises niche marketing when it sells specific models for different income and age groups
3.10
Nike practises segment marketing by selling athletic gear for basketball, running, and soccer.
Total question 3
/10
Question4:ChoosetheCORRECTanswerbyselectingaorb.
Nr:
Statement:
YourAnswers
4.1
‘Customised marketing’ involve.
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Module 9-assignments
- 1. MODULE 9 BUSINESS ETHICS & RISKS COMPLETE BY August 1 7 ASSIGNMENTS ETHICS After spending months of planning and preparing you open your new business. As the owner you are sure you have everything covered. But what happens if a customer trips and falls on your property? You sent in an ad offering a steak dinner for $5.95 when the actual cost should have been $25.95. When you have your business audited, it is determined that someone is stealing from you. A customer had food poisoning after eating at your restaurant. How do you protect yourself? In today's business world, the business owner faces risks of all kinds every day. Many of these risks can have a great financial impact or even bankrupt a business. As a small business entrepreneur, you must take precautions so that you are prepared to handle risks that your may encounter. OBJECTIVES Determine the types of risks that affect a small business. Analyze how various risks would affect a small business. Develop a plan to handle various risks that would affect a small business.
- 2. MODULE 9 BUSINESS ETHICS & RISKS COMPLETE BY August 1 7 ASSIGNMENTS RISKS In order for any business to be successful, a clear set of guidelines covering the ethical behavior expected in the business should be in place. These guidelines should cover behaviors of those associated with the business when working with customers, responsibility of management towards employees, and the responsibility of the small business entrepreneurship toward the community. OBJECTIVES Describe the importance of ethical responsibilities of a small business entrepreneurship toward customers. Discuss the ethical responsibilities of a small business entrepreneurship toward the community. Develop a set of proposed ethical guidelines for employees. Identify opportunities by which a small business can support their community. Analyze how business ethics codes have changed in the past 20 years. Develop a code of ethics for a small business.
- 3. ACTIVITY AREA & REQUIREMENT POINT VALUE COMPLETE BY 9.1.2 My Ethical Responsibility 35 Monday 9.2.2 Community Support Forum 20 Monday 9.3.2 Code of Ethics Assignment 50 Tuesday 9.4.2 Code of Ethics Forum 12 Tuesday 9.5 Quiz Review Materials 80 Wednesday 9.6.2 Name That Risk WKS 24 Wednesday 9.6.3 Business Risks Forum 20 Thursday 9.6.4 Business Risks Assignment 55 Thursday 9.6.5 My Risk Forum 25 Friday 9.7 Quiz Review Materials 105 Friday
- 4. MONDAY, JULY 27 9.1.1 Ethical Behavior in Business—View the slideshare and take notes, download and/or print the Content Outline 9.1.2 Complete the My Ethical Responsibility Assignment 9.2.1 Identify opportunities by which a small business can support their community. Prepare a presentation for business owners offering ideas for community support. Use the 9.2 rubric provided. 9.2.2 Community Support Forum--You will have 3 posts, 1 for your answer and 2 responses to classmates.
- 5. TUESDAY, JULY 28 9.3.1 Ethical Policy for a Small Business-View the slideshare and take notes, download and/or print Content Outline 9.3.2 Develop a code of ethics for your small business 9.4.1 Explain why a code of ethics may be different today from one that was written 20 years ago. Identify changes in today's society that would require a business to modify its code of ethics. 9.4.2 Updating the code of ethics forum. You will post a total of 3 times. Use the 9.4 rubric provided.
- 6. WEDNESDAY, JULY 29 9.5 Ethics Quiz 9.6.1 View the Business Risks slideshare and take notes. Download and/or print the 2 Content Outlines 9.6.2 Name That Risk worksheet
- 7. THURSDAY, JULY 30 9.6.3 Business Risks in My Community Forum— you will post a total of 3 times 9.6.4 Use Word to prepare a Risk Plan for your business. Use the 9.7.5 rubric provided.
- 8. FRIDAY, JULY 31 9.6.5 My Risks Forum 9.7 Business Risks Quiz
- 9. SATURDAY, AUGUST 1 Please complete all assignments VERY IMPORTANT!! If there are any zeros you have made up, Ms. B and I have to override them. Unless you tell us you have made them up, we don’t know and can’t correct your grade. Please do this over the weekend.