Page 10 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

 UNIT 1: ENTREPRENEURSHIP THEORY
MODULE 1: THE ENTREPRENEURIAL MINDSET

GENERAL OBJECTIVES

On completion of this Module, students should:

1. develop an understanding of the entrepreneurial mindset;

2. develop an awareness of the diverse characteristics of an entrepreneur; and,

3. understand the best practices of entrepreneurship development.

SPECIFIC OBJECTIVES

Students should be able to:

1. explain the nature and growth of entrepreneurship;

2. distinguish between entrepreneurship and intrapreneurship;

3. differentiate between entrepreneurship and small business management;

4. identify types of entrepreneur;

5. discuss the characteristics of an entrepreneur;

6. discuss the work of at least three (3) noted entrepreneurs within and outside the region;

7. examine the impact of cultural diversity on entrepreneurship development;

8. identify potential mistakes/pitfalls of entrepreneurship;

9. assess successes and failures of entrepreneurship; and,

10. discuss the myths of entrepreneurship.

CONTENT

1. The nature and growth of entrepreneurship

(a) Introduction to the origins and concept of entrepreneurship:

(i) evolution: Schumpter, Drucker, Cantillon;

(ii) culture, tradition;

(iii) poverty; and,

(iv) desire for wealth.

CXC A31/U2/13 5 www.cxc.org