U3 - Entrepreneurship Flashcards
Promotion of Entrepreneurship
National Department of Education x5
Introduced into government schools.
Outcomes Based Education curriculum focus on outcomes:
Understanding knowledge, skills & values
8 learning areas - Economic & Management Sciences - Entrepreneurship
Characteristics & Scope
Economic Problem
Uses real life examples of unlimited wants & needs conflict with limited natural resources.
Studies SA economy & citizens been affected by history of corruption.
Economic Cycle
Looks at how money, goods & services are distributed among households, businesses, government & foreign sector & how controlled by monetary system & management.
Reconstruction, sustainable growth & development
Looks at value of balance -> individuals, businesses & government be able to participate in open market & make substantial profit to help grow economy but does least amount of gram to environment as possible.
Poverty should be reduced & money distributed fairly.
Leadership & management
Basic aspects of leadership -> planning & management
Negotiation, motivation, delegation & conflict management
Basic aspects of management -> administration, finance & production
Marketing, purchasing, public relations & human resources development
Rights & responsibilities of management & workers
Financial & Consumer Knowledge & Skills
Accounting, personal finances, consumer knowledge & skills
Reasons Why Entrepreneurs are Important to Economy x4
Create job opportunities
Start production process
Without them natural resources don’t get used
Catalyst to create wealth & higher standard of living
Promotion of Entrepreneurship x3
National Department of Education
Community involvement in entrepreneurship education
Entrepreneurship at school level
Learners
National Department of Education x5
Introduced into government schools.
Outcomes Based Education curriculum focus on outcomes:
Understanding knowledge, skills & values
8 learning areas - Economic & Management Sciences - Entrepreneurship
Characteristics & Scope
-Economic Problem
Uses real life examples of unlimited wants & needs conflict with limited natural resources.
Studies SA economy & citizens been affected by history of corruption.
-Economic Cycle
Looks at how money, goods & services are distributed among households, businesses, government & foreign sector & how controlled by monetary system & management.
-Reconstruction, sustainable growth & development
Looks at value of balance -> individuals, businesses & government be able to participate in open market & make substantial profit to help grow economy but does least amount of gram to environment as possible.
Poverty should be reduced & money distributed fairly.
-Leadership & management
Basic aspects of leadership -> planning & management
Negotiation, motivation, delegation & conflict management
Basic aspects of management -> administration, finance & production
Marketing, purchasing, public relations & human resources development
Rights & responsibilities of management & workers
-Financial & Consumer Knowledge & Skills
Accounting, personal finances, consumer knowledge & skills
Community involvement in entrepreneurship education x6
- NTSIKA (Enterprise Promotion Agency) department of trade and Industry -> created jobs
- Business Clinic at Technikon Natal -> started up to help economic growth creating more entrepreneurs & supporting self-employment replacement to unemployment.
- Richards Bay Minerals in Empageni offers many different services to entrepreneurs and small businesses
- Entrpreneurship programmes are shown on TV
- Valuable info in printed media
- Newspaper Jobfinder
Entrepreneurship at school level x10
- Learners who sell items or services at school, deliver newspapers, clean cars
- Entrepreneurship programmes
- Entrepreneurship Clubs
- Entrepreneurship Projects
- Market Days/ Entrepreneurs’ Days
- Entrepreneurs’/careers’ exhibitions
- Entrepreneurs’ competitions
- Junior achievement
- Field trips
- Own businesses
Factors that Hamper promotion of entrepreneurship x9
- Youth not venturesome
- Traditional education not provide lifelong learning
- More motivated to be entrepreneurs at start of school than at end
- Schools, parents & community focus on qualifications on paper rather than skills.
- Learner taught to think like employees -> not encouraged to take initiative.
- Education focuses on conformity
- Focused on academic performance & high marks rather than creative thinking.
- Little focus on perseverance and personality development
- Education not provide business management or technical skills
Reasons Why Entrepreneurs are Important to Economy x4
- Create job opportunities
- Start production process
- Without them natural resources don’t get used
- Catalyst to create wealth & higher standard of living
