Assignment Task:
Assessment Introduction
The Business Integration Project Part 2 (BIP2) requires you to undertake a business orientated project aimed at improving employability as well as providing a platform for a potential commercial venture.
For the BIP2 project you must can choose either a Business Plan or Business Report.
BIP2 is designed in such way that you conduct research, analysis and potentially planning in an area of personal and professional interest.
In particular, the assessment is designed to fulfil the following key education aims of BIP2:
1. Allow you to demonstrate your ability to utilise and contextualise significant amount of research, applying investigatory and analytical skills to derive meaningful outcomes within a defined time-frame.
2. Demonstrate the ability to write a detailed document that address a business issue or opportunity
3. Create an opportunity for you to develop a range of skills associated with research including analysis, interpretation, written expression, formal report writing, and self-managed study
4. Allow you to work on a complex, integrated activity that will consolidate and integrate previous skills and learning
5. Provide you with a ‘showcase’ that allows you to demonstrate your ability to apply the knowledge and skills you have acquired throughout the course to a significant and specialised task
Assessment brief
The assessment is made up of 1 component
Written Project (100% of module grade)
3,000 words individual written project.
You must choose either a Business Plan or a Business Report.
Note: You cannot replicate the subject/topic/report idea that you used for BIP1 or Entrepreneurship modules.
Business Plans
- The business plan assessment is designed to test your commercial awareness, academic level and your research, analysis and reasoning.
- The business plan must be based on your own idea for a new business venture. This may in part focus on developing or providing existing products or services (finding new markets) as well your own original ones. For example, the business may be a new type of retailer selling original products as well as brands from other existing manufacturers. However, you must show a commercial justification for the plan including a clear USP (unique selling point).
- The plan cannot be for a franchise or branch of an existing business such as McDonald’s or a Ford car dealership.
- The business plan should follow the expected protocol (a template is provided on the VLE), and present relevant information including financial information for a new start-up.
- All elements of the plan should include realistic information based on research and should consider the business opportunity, investment needed, competitor and business environment analysis, competitive advantage, operations and marketing.
- Astute and realistic financial projections and requirements must be given to support the plan. Therefore, there must be evidence of robust secondary data research to justify the financial viability of the business plan.
- The business plan can be a not-for-profit organisation as long as funding and financial viability is fully justified.
- There must not fabrication of details and figures – these should be based on research. Any technologies referred to must be in existence and not made up/new inventions.
- The figures in the financial section must be expressed as British pound sterling
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