Entrepreneurship



MIDDLE EAST COLLEGE

Entrepreneurship and New Venture Creation (BUSS1011)


The assessment shall consist of four parts:

 Part  I.   Proposal (to be submitted in Week 4 through Moodle), 10 marks

           Part II. The entrepreneurial profile of an Omani entrepreneur and his contribution to society, 60 marks

Part III. Support Systems / Obligatory Requirements, 10 marks

Part IV. The student’s personal view and appreciation of innovation and entrepreneurship, 20 marks

Part 1. Proposal details are as follows. Please see template as attached in this assessment (10 marks)

a)    Brief background of the entrepreneur and his/ her company (in maximum of 2 paragraphs).

b)  The plan of action as regard to collection of data (the primary and secondary sources of data).

c)   The timeline (e.g. list of activities with projection of completion, from approval of the entrepreneur to submission of assessment).

d)   References, at least 5, in C.U. Harvard References style. References should be a combination of journals, websites and books.

Part II. The Profile of an Omani Entrepreneur and His Contributions to Society. (60 marks)


The students are expected to create a profile of an Omani entrepreneur by detailing his /her entrepreneurial characteristics / competencies and his / her contributions to society and the economy. In particular, the students should write the following:

1.  Introduction. This contains a discussion of who the entrepreneur is and his / her organization. This discusses in concrete terms the contribution of entrepreneur and his enterprise to the society and economy of Oman. (300 words)       ( 6 marks)

2. Profile of the Entrepreneur. The profile shall present the entrepreneurial characteristics / competencies of the entrepreneur providing solid evidences on each particular characteristics / competency. Real-life experiences of the entrepreneur should be used as references for evidences. This profiling should use both the primary (through interview and questionnaire) and secondary sources of data. The student should write at least ten best characteristics of the entrepreneur. Discussions should focus on the understanding of the students of the characteristics (both from self and secondary sources readings, with references); and the solid evidences of this characteristics (1200 words) (50 marks)

The profiling discussions should be based on PEC (personal entrepreneurial competency) results of the entrepreneur. Graph should be inserted in the final discussions. Discussions should highlight as well the strengths and weaknesses of the entrepreneur.

(Please note that interview transcript and questionnaire should be included as appendices in the final submission).

Part III. Support Systems / Obligatory Requirements:                        (10 marks)

a.   Evaluate the Support Systems available in Oman- Assess the Systems on: 

1. Kind of ventures they support; 
2. Amount of Money they provide; 
3. Other Support Services (e.g. advices, helping with legal formalities. Training, etc.)

b.  Discuss the Obligatory requirements- Identify and briefly discuss exactly what legal formalities must be undertaken to set up a new venture

Part III. The Student’s Personal View and Appreciation of Innovation and Entrepreneurship

(20 Marks)

Individually, the student is expected to:-

1.    Write his / her personal entrepreneurial profile of his/her citing, in clear terms, his/her entrepreneurial strengths and weaknesses. The personal profiling shall be done based on personal entrepreneurial competency (PEC) scoring sheet. As well, the student should narrate his/her personal exposures and experiences about business and his/her past and/or present engagements in creative and innovative undertakings. This should include a discussion on how his/her personal exposure and experiences has affected his/her appreciation of innovation and entrepreneurship.

(500 words)
(20 marks)
2. Narrate sufficiently the sources and type of assistance, incentives, and procedures
for starting business in the Sultanate of Oman. (350words)
(10 marks)

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