Page 11 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

UNIT 1
MODULE 1: THE ENTREPRENEURIAL MINDSET (cont’d)

(b) Emerging drivers of contemporary entrepreneurship – Information and
Communication Technology (ICT), Globalisation, Changing demands, unemployment,
changing demographics, institutional support, ease of entry in the informal sector.

(c) Role of entrepreneurship in national and regional development – impact on job
creation, growth in GDP, social development (social entrepreneurship).

(d) Emerging areas for enterprise development - including the creative and cultural
industries, renewable energy; agro-preneurship, ICT.

2. Entrepreneurship and Intrapreneurship

(a) Entrepreneurship vs Intrapreneurship.

(b) Types of entrepreneurship:

(i) Survival;

(ii) Lifestyle;

(iii) Dynamic growth; and,

(iv) Speculative.

(c) Role of the entrepreneur and the intrapreneur in enterprise development:

(i) Factors that contribute to enterprises becoming more entrepreneurial.

(ii) Openness and flexibility, innovation, proactivity.

(iii) Environment of change, chaos, complexity, competition, uncertainty and
contradiction.

3. Entrepreneurship and Small Business Management

(a) Innovation as the main difference between entrepreneurship and small business
management.

(b) Nature and characteristics of small business.

CXC A31/U2/13 6 www.cxc.org