Standard set
Entrepreneurship
Standards
Showing 93 of 93 standards.
1
Business Concepts
2
Economics
3
Communication Skills
4
Entrepreneurship Skills
5
Ethics, Legal Intellectual Property, & Risk Management
6
Market Research
7
Financial Statements
8
Marketing Management Promotion
9
Production/Operational Management
10
Management
1.1
Describe the roles of business in society, types of businesses, and their activities.
1.2
Explain the need for business operations and procedures.
1.3
Analyze issues and trends in business
1.4
Investigate crucial elements of a quality culture/continuous quality improvement
1.5
Summarize the concept of management
1.6
Evaluate the relationship and impact between government and businesses
1.7
Describe types of market structures
1.8
Explain the concepts of private enterprise and competition
1.9
Analyze the impact of small business/entrepreneurship on market economies
1.10
Economics
1.11
Describe the nature of economics and economic activities
1.12
Distinguish between economic goods and services
1.13
Evaluate the effect of scarcity
1.14
Analyze the pros and cons of opportunity costs
1.15
Identify forms of economic utility
1.16
Evaluate the concept of price based on supply and demand
2.1
Describe the nature of economics and economic activities
2.2
Distinguish between economic goods and services
2.3
Evaluate the effect of scarcity
2.4
Analyze the pros and cons of opportunity costs
2.5
Identify forms of economic utility
2.6
Evaluate the concept of price based on supply and demand
3.1
Analyze the nature of effective communications
3.2
Demonstrate effective listening skills including empathy for others
3.3
Analyze the nature of effective verbal communication
3.4
Design and deliver l presentations
3.5
Analyze the nature of stress management
3.6
Demonstrate use of professional written communication including proper grammar and vocabulary
3.7
Identify types of staff communication (e.g., staff meetings, emails, one-on-one, water cooler)
3.8
Provide verbal directions for completing tasks
3.9
Discuss networking techniques (e.g., person to person, social media, community)
4.1
Determine feasibility of ideas
4.2
Compare and contrast entrepreneurial planning considerations and tools
4.3
Assess start-up requirements and risks
4.4
Discover external resources useful to entrepreneurs during concept development
4.5
Complete and discuss a personality assessment to determine entrepreneurial traits
4.6
Assess global trends and opportunities
4.7
Analyze the effects of culture in entrepreneurship
5.1
Analyze the need for and impact of ethical business practices
5.2
Identify the types of business risk and the factors affecting those risks
5.3
Identify and discuss controls to prevent embezzlement/theft
5.4
Analyze strategies to protect computer (digital) data
5.5
Research legal issues affecting businesses
5.6
Compare and contrast methods of protecting intellectual property rights
5.7
Identify types of business ownership and their legal requirements
5.8
Research legal documents for business operations
6.1
Conduct an environmental scan (i.e., SWOT) to obtain marketing information
6.2
Identify methods to develop a product/service idea (e.g., brainstorming, reverse brainstorming).
6.3
Create product name and brand/image
6.4
Determine unique selling proposition and added value
6.5
Develop strategies to position product/service
6.6
Research initial feasibility of product/service ideas
6.7
Conduct focus group or survey for feasibility of product/service ideas
6.8
Evaluate the research data
7.1
Examine sources of financial assistance (internal and external)
7.2
Evaluate the purposes and importance of obtaining business credit/business loans
7.3
Develop a budget
7.4
Prepare estimated/projected income statement
7.5
Prepare and determine cash-flow
7.6
Prepare estimated/projected balance sheet
7.7
Interpret financial statements
8.1
Conduct SWOT analysis
8.2
Develop marketing plan
8.3
Describe the elements of the promotional mix
8.4
Calculate advertising media cost (select advertising media and prepare promotional budget)
8.5
Develop promotional plan including digital media
8.6
Develop a public relations strategy (publicity, public service announcement, news release, etc.)
9.1
Evaluate the role of management in the achievement of quality
9.2
Explain the factors of production
9.3
Develop business systems and procedures (e.g., employee handbook sections, policies and procedures, buying/purchasing policies)
9.4
Analyze quality improvement techniques
9.5
Evaluate productivity of resources (e.g., sustainability, environmental)
9.6
Determine the credibility of buyers and vendors
9.7
Develop a schedule for staff
9.8
Evaluate distribution channels and logistics
9.9
Create an inventory of products/supplies (e.g., shipping/receiving, damaged goods, reorder points)
9.10
Develop order-fulfillment processes
10.1
Evaluate and identify management/ leadership styles.
10.2
Develop a shared vision (e.g., create a mission/vision statement, persuade others)
10.3
Utilize effective leadership skills (e.g., problem solving, organizing work, creativity, time management, team building, delegating, handle employee complaints/grievances, recognize/reward employees, soft skills, set personal goals).
10.4
Utilize principles of human resource management (e.g., determine hiring needs, recruit, interview, and hire new employees, screen job applications/resumes, negotiate compensation plans, dismiss/fire employee, orient new employee, develop job descriptions, conduct exit interviews, explain the rights or workers)
10.5
Evaluate and develop an organizational structure/chart
10.6
Evaluate organizational cultures (including employee morale and cultural sensitivity).
Framework metadata
- Source document
- 2022Enterpreneurship
- License
- CC BY 4.0 US