Contribution that entrepreneurs make in modern society


Learning Outcomes:

1: Demonstrate an understanding of the nature, role, scope and contribution that entrepreneurs make in modern society.

2: Explain the sources and type of assistance, incentives, and procedures for starting business in the Sultanate of Oman.

3: Analyze key issues in setting-up and running a small business.

Assignment Objective:

Understanding the structure and process of entrepreneurship is essential to attain a complete grasp of the phenomenon. The assignment is designed to allow the students to explore the structural aspects of entrepreneurship theoretically as well as in practice.

Task:

1 Literature Review on entrepreneurship (definitions and roles)

2 Literature Review on the entrepreneurial support systems available in Oman

3 Literature Review on key issues in setting-up and running a small business

The report should ideally have the following contents:

i. Cover page

ii. Table of Contents

iii. Executive Summary

iv. Introduction

v. Key Deliverables

vi. Summary

vii. References

viii. Appendices

Executive Summary

The student should clearly specify what the assignment is about; its rationale and the methods used.

Introduction:

Hence, the student should introduce the different sections of the report in specific terms. (Max. 120 words)

Assignment body

Students should:

a. Define Entrepreneurship (Give three definitions and briefly explain them)(Max. 400 words)

b. Describe its roles (e.g., its economic and social contribution.(Max. 200 words)

c. SME Support Systems in Oman (The students should identify: i. two SME support systems in the Sultanate of Oman, ii. the kind of ventures they support; iii. The amount of finance/funding they provide; and iv. the qualifying criteria.)(Max. 350 words)

d. Briefly discuss the key issues in setting-up and running a small business (Briefly discuss five main issues)(Max. 150 words)

Report Summary

- Present a very brief account of the 'body'/Briefly restate the information presented in the main text

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Business Economics: Contribution that entrepreneurs make in modern society
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