Innovation and Entrepreneurship

Module Code Module Title Module Credits GSP6032 Innovation ad Entrepreneurship 20 Academic Year and Semester Examination Board Level & Block 2023-24, 2nd Semester July 2024 L6B2 Method of Assessment Term Weighting Coursework (Individual Assignment) Midterm 50% Module Leader Module Leader email Dr. Seema Varshney [email protected] Additional Information (if any) Version 1 Page 1 of 8 Contents 1. Assessment Details 2. Submission Details 3. Assessment Criteria 4. Further Information  Who can answer questions about my assessment?  Referencing  Submission problems  Unfair academic practice  How is my work graded? Version 1 Page 2 of 8 Assessment Details Assessment title Abr. Weighting Coursework (Individual Assignment) WRIT1 50% Pass marks for undergraduate work is 40%, unless stated otherwise. Task/assessment brief: A Feasibility Study Report (FSR) is a formally documented output of feasibility study that summarizes results of the analysis and evaluations conducted to review the proposed solution and investigate project alternatives for the purpose of identifying if the project is really feasible, cost-effective and profitable. It describes and supports the most feasible solution applicable to the project. (Lewinson, n.d.) This assignment requires students to develop a feasibility report for a new eco-friendly venture, in Oman. The plan should emphasize sustainability and cultural sensitivity, catering to a rising international interest in responsible and eco-friendly businesses. The business idea can be selected from any of the following industries: 1. Tourism and Hospitality Industry 2. Technology and IT Services 3. Energy and Utilities The students must consider Oman’s unique natural and cultural heritage and propose a business model that is both profitable and sustainable, with an initial investment cap of 200,000 OMR. The assignment should contain the following subparts: 1. Introduction of the business idea with the specific objectives of the business. (200 words Introduction+ 100 words objectives) 2. Evaluate the project on Market feasibility criteria such as Potential market, potential customer, existing competition etc. (300 words) 3. Evaluate the project on financial feasibility criteria such as estimation of capital, costs, revenue etc. (350 words) 4. Evaluate the project on operational/technical feasibility criteria such as product features, plant capacity machinery requirement, and supply of materials etc. (250 words) 5. Evaluate the project on organizational feasibility criteria such as organizational structure, manpower estimations, authorities, responsibilities etc. (300 words) 6. Identification of potential risks and uncertainties associated with the project (250 words) 7. Concise summary of the main findings based on market feasibility, financial feasibility, technical feasibility, and organizational feasibility. (250 words) Version 1 Page 3 of 8 Additional instructions: Coursework (Individual assignment) must be submitted online through Turnitin before due date. An acknowledgement will be given to you by your teacher upon presentation of the finance clearance. This is your receipt. Keep it. The only circumstance in which assignments can be uploaded late via Turnitin is if a Mitigating Circumstances (MC) form is submitted at the same time. In these circumstances work may be submitted within five (5) working days. Make sure to secure MC form and submit the same to the concerned staff. Write the number of words used, excluding references, at the end of your assignment. Provide the list of sources you used at the last page of your assignment with proper label ‘References’. You may include diagrams, figures etc. without word penalty. The number of words will be + or – 10% of the total words allowed. A work declaration must be included just after the reference page of your assignment. This ensures that you prepare your work in good faith. Any form of collusion and/or academic unfair practice will be dealt with according to the pertinent rules and regulations of the partner university. Please read carefully the plagiarism guide. ************* Word count (or equivalent): 2000 Words This is a reflection of the effort required for the assessment. Word counts will normally include any text, tables, calculations, figures, subtitles and citations. Reference lists and contents of appendices are excluded from the word count. Contents of appendices are not usually considered when determining your final assessment grade. Academic or technical terms explained: Submission Details Submission Deadline: Submission Time: 25th April 2024 Estimated Feedback Return Date After the result announcement (10 working days) – July 2024 EB 9:00 PM Version 1 Page 4 of 8 Turnitin: Any assessments submitted after the deadline will not be marked and will be recorded as a non-attempt unless you have had an extension request agreed or have approved mitigating circumstances. See the Gulf College website for more information on submission details and mitigating circumstances. File Format: The assessment must be submitted as a word document and submit through the Turnitin submission point. Your assessment should be titled with your: Student ID number, Module code and Assessment ID, e.g. 1610200 GAC3000 WRIT1 Feedback Feedback for the assessment will be provided electronically via Turnitin / MS Teams / Face to Face. Feedback will be provided with comments on your strengths and the areas which you can improve. Module tutors give students two types of assessment feedback: formative, which is given when the student is working on the completion of an assignment or coursework, and summative, which is given upon completion of the module. A comprehensive assessment feedback on your performance will be given after the announcement of the results. (10 Working Days) Assessment Criteria Learning outcomes assessed On successful completion of the module, a student should be able to:  Evaluate the main theoretical principles which underpin the study of Entrepreneurship and Innovation.  Critically analyse the linkages between innovation and entrepreneurship within a variety of profit and not of profit organisations.  Critically evaluate the variety of entrepreneurial processes relating to new business creation, within larger firms (intra-preneurship), control procedures and exit strategies.  Evaluate the concept of entrepreneurial strategy.  Analyse the relationship between Entrepreneurship and the wider environment, including government policy. In addition, the assessment will test the following learning outcome:     Evaluate the main theoretical principles which underpin the study of Entrepreneurship and Innovation. Critically analyse the linkages between innovation and entrepreneurship within a variety of profit and not of profit organisations. Evaluate the concept of entrepreneurial strategy. Analyse the relationship between Entrepreneurship and the wider environment, including government policy. Version 1 Page 5 of 8 Marking/Assessment Criteria Question No. Marks Allocated Description Introduction of the project (200 words)  State the purpose and scope of the feasibility study 1.  Provide relevant background information on the project  Problems and opportunities  Description of proposed business 10 Objectives of the project (100 words) 2.   10 State the objectives of the project idea Assess the clarity and specificity of the objectives Feasibility Evaluation  Marketing feasibility (15 Marks) (300words) – Potential market – Potential customer – Existing Competition Market strategy  Financial Feasibility (15 Marks) (350words) – Estimation of capital – Estimation of costs – Estimation of revenue – Balance sheet/income statement for minimum 2 years – Break-even point 3.  Operational/Technical Feasibility (15 Marks) (250 words) – Product features – Plant capacity – Production process – Machinery requirements – Sources of supply of materials  Organisational Feasibility (15 Marks) (300words) – Organisation structure – Size of the organization – Authorities and receptibilities – Manpower estimation – Skills required 60 Risk assessment (250 words) 4. Identification of the skills and knowledge learned from the task with 10 reflection on the use and application of these skills and knowledge. 5. Summary of the feasibility findings (250words) 10 Total Version 1 100 Page 6 of 8 Further Information Who can answer questions about my assessment? Questions about the assessment should be directed to the staff member who has set the task/assessment brief. This will usually be the Module tutor. They will be happy to answer any queries you have. Referencing and independent learning (Not applicable for Examination) Please ensure you reference a range of credible sources, with due attention to the academic literature in the area. The time spent on research and reading from good quality sources will be reflected in the quality of your submitted work. Remember that what you get out of university depends on what you put in. Your teaching sessions typically represent between 10% and 30% of the time you are expected to study for your degree. A 20-credit module represents 200 hours of study time. The rest of your time should be taken up by self-directed study. Unless stated otherwise you must use the HARVARD referencing system. Further guidance on referencing can be found in the on Moodle. Correct referencing is an easy way to improve your marks and essential in achieving higher grades on most assessments. Technical submission problems (Not applicable for Examination) It is strongly advised that you submit your work at least 24 hours before the deadline to allow time to resolve any last minute problems you might have. If you are having issues with IT or Turnitin you should contact the IT Helpdesk on (+968) 92841521/ 92841217. You may require evidence of the Helpdesk call if you are trying to demonstrate that a fault with Turnitin was the cause of a late submission. Mitigating circumstances Short extensions on assessment deadlines can be requested in specific circumstances. If you are encountering particular hardship which has been affecting your studies, then you may be able to apply for mitigating circumstances. This can give the teachers on your programme more scope to adapt the assessment requirements to support your needs. Mitigating circumstances policies and procedures are regularly updated. You should refer to your Academic Advisor for information on extensions and mitigating circumstances. Unfair academic practice Cardiff Met takes issues of unfair practice extremely seriously. The University has procedures and penalties for dealing with unfair academic practice. These are explained in full in the University’s Unfair Practice regulations and procedures under Volume 1, Section 8 of the Academic Handbook. The Module Leader reserves the right to interview students regarding any aspect of their work submitted for assessment. Types of Unfair Practice, include: Plagiarism, which can be defined as using without acknowledgement another person’s words or ideas and submitting them for assessment as though it were one’s own work, for instance by copying, translating from one language to another or unacknowledged paraphrasing. Further examples include: Version 1 Page 7 of 8  Use of any quotation(s) from the published or unpublished work of other persons, whether published in textbooks, articles, the Web, or in any other format, where quotations have not been clearly identified as such by being placed in quotation marks and acknowledged.  Use of another person’s words or ideas that have been slightly changed or paraphrased to make it look different from the original.  Summarising another person’s ideas, judgments, diagrams, figures, or computer programmes without reference to that person in the text and the source in a bibliography/reference list.  Use of assessment writing services, essay banks and/or any other similar agencies (NB. Students are commonly being blackmailed after using essay mills).  Use of unacknowledged material downloaded from the Internet.  Re-use of one’s own material except as authorised by your degree programme. Collusion, which can be defined as when work that that has been undertaken with others is submitted and passed off as solely the work of one person. Modules will clearly identify where joint preparation and joint submission are permitted, in all other cases they are not. Fabrication of data, making false claims to have carried out experiments, observations, interviews or other forms of data collection and analysis, or acting dishonestly in any other way. How is my work graded? Gulf College uses Cardiff Metropolitan University’s Generic Band Descriptors (GBD), in conjunction with programme-specific and/or assessment-specific descriptors that are developed in accordance with the principles underpinning the generic descriptors, as a reference in marking student work outputs. This is to ensure that marking is consistent across all Cardiff Met students’ work, including the work outputs of students in Gulf College. Assessment marking undergoes a meticulous process to make sure that it is fair and truly reflects the performance of students in their modules. Marking of work at each level of Cardiff Met degree programmes are benchmarked against a set of general requirements set out in Cardiff Met’s Guidance on Assessment Marking. https://www.cardiffmet.ac.uk/registry/academichandbook/Documents/AH1_04_03.pdf To find out more about assessments and key academic skills that can have a significant impact on your marks, download and read your Module Handbook from Moodle and your Programme Handbook from the college website. Version 1 Page 8 of 8

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