Enterprise
KS4 Curriculum Vision
The BTEC Tech Award is an introduction to vocational learning. The Awards give learners the opportunity to build skills that show an aptitude for further learning both in the sector and more widely.
All businesses need enterprising employees to drive their organisations forward, to have ideas and initiatives to instigate growth, and to ensure that businesses survive in this fast-changing world. Enterprise is a key government focus and is set to form an important part of the UK’s global economic status, both now and in the future. Enterprise skills provide a fantastic progression pathway into a number of roles in an organisation and are transferable into all businesses. Study of this sector at Key Stage 4 will complement GCSE study through providing an opportunity for practical application alongside conceptual study. There are also strong opportunities for post-16 progression in this sector.
The qualification covers 3 Components
- Component 1: Exploring Enterprises - Internal Assessment
- Component 2: Planning for and Pitching an Enterprise - Internal Assessment
- Component 3: Promotion and Finance for Enterprise – External Examination
What your child will learn
Year 10
In Component 1: Exploring Enterprises: Internal Assessment: Exploring Enterprises students will have the opportunity to develop knowledge and understanding of the different types of enterprise and their ownership, looking at the characteristics of small and medium enterprises (SMEs) and entrepreneurs with reasons for levels of success. They will understand the importance of having a clear focus on the customer and the importance of meeting their needs. Enterprises can struggle if they do not carry out market research. It is important for students to develop relevant skills in market research and to analyse and be able to interpret their findings to support their understanding of customers and competitors. Students will explore why enterprises are successful, looking at the impact of factors both inside and outside the control of the enterprise, and investigate ways in which situational analysis can be used to support decision making. They will discover how success can be monitored in an SME. This component will give students an understanding of the factors that contribute to a successful enterprise. They will develop transferable skills, such as research and data analysis, which will support their progression to Level 2 or 3 vocational or academic qualifications.
Term 1a: Introduction to Enterprise Characteristics of Enterprise
Term 1b: Examine the characteristics of two local enterprises
Term 2a: Investigate methods of market research
Term 2b: Analyse methods of market research in two local enterprises
Term 3a: Investigate methods of evaluating the success of an enterprise
Term 3b: Evaluate the success of two local enterprises
Year 11
Component 2: Planning for and Pitching an Enterprise Activity: Internal Assessment: Any enterprise needs to plan how it will succeed through working out how it can harness physical, financial and human resources. An entrepreneur will also have to pitch their ideas (just like on Dragons Den) to an audience in order to secure funding. Students will use research to consider a number of ideas before developing a plan for a realistic micro-enterprise. Students will need to take responsibility for creating and then delivering a pitch for their developed idea to an audience using their knowledge of business, and demonstrating entrepreneurial characteristics, qualities and skills. In the final part of the component students will use feedback to review their plan and pitch for the micro-enterprise activity.
Component 3: Promotion and Finance for an Enterprise Activity: External Exam (2 hours): Students will assess and analyse financial information in an enterprise used to monitor and improve its performance. Students will investigate cash flow forecasts and statements, exploring the effects that positive and negative cash flow can have on an enterprise, and suggest ways to improve them. They will consider the different elements of the promotions in order to be able to identify target markets and put forward strategies that enterprises can use to increase their success in the future. They will develop skills in analysing basic accounts and making decisions based on financial data.
Term 1a: Planning and Presenting a Micro Enterprise Idea Explore ideas and plan for a micro-enterprise activity
Term 1b: Present and review own pitch for a micro-enterprise activity.
Term 2a: Demonstrate knowledge and understanding of elements of promotion
Term 3a: Demonstrate knowledge and understanding of elements of promotion and financial records and make connections between different factors influencing a given enterprise.
Term 3b: Examination (2 hours)
Help your child extend their knowledge
Use the following resources to complete homework and revise for the exam:
Revise BTEC Tech Award Enterprise (2022) Revision Guide ISBN 978 1 292 43611 1
PG Online Clear Revise BTEC Tech Award Enterprise Component 3 ISBN 978 1 910523 39 1
Use the Knowledge Expert Sheets on your One Drive to revise topics such as: Innovation, Business Plans, The 4Ps, Marketing Mix, Choice of marketing methods, Trust reputation and loyalty, advertising methods, and choice of promotions. Year 11 also includes Finance and Accounting covering topics such as revenues, costs, budgeting, financial documents, Cash Flow Forecasts, Break Even Point, Liquidity and Profitability, and how financial tools are used to make decisions.
There are a number of tasks that can be completed to develop your subject knowledge, such as: answering questions, producing mind maps, Cornell notes, and flash cards.
Use online YouTube videos from Know It All Ninja to revise. Try business quizzes on BBC Bitesize.
KS4 Recommended Reading
Here you can find a selection of recommended books from our GNVQ department for students in KS4.