Entrepreneurship - Rwanda Education Board Right Textbooks for...

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Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4 FOUNTAIN PUBLISHERS www.fountainpublishers.co.ug Kalungi Rogers Ngobi Dennis Mutegaya Herbert Okoroi David

Transcript of Entrepreneurship - Rwanda Education Board Right Textbooks for...

  • Entrepreneurship

    for Rwanda Secondary Schools

    Teacher’s Guide Book 4

    fountain publisherswww.fountainpublishers.co.ug

    Kalungi RogersNgobi Dennis

    Mutegaya HerbertOkoroi David

  • Fountain Publishers Rwanda LtdP.O. Box 6567Kigali, RwandaE-mail: [email protected] [email protected] [email protected] Website: www.fountainpublishers.co.ug

    © Fountain Publishers 2016First published 2016

    All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from the publishers.

    ISBN: 978-9970-19-358-5

  • iii

    Contents

    Introduction ......................................................................................................... vA Content Map ...................................................................................................xxSample lesson plan .....................................................................................xxxviii

    Topic AreA: enTrepreneuriAl culTureSub-Topic Area: Entrepreneurship as a Career

    Unit 1: Initiation to Entrepreneurship ................................................. 1

    Topic AreA: enTrepreneuriAl culTureSub-Topic Area: Entrepreneurship as a Career

    Unit 2: Career Opportunities ............................................................ 24

    Topic AreA: Work reAdinessSub-Topic Area: Personal Development

    Unit 3: Setting Personal Goals ........................................................ 36

    Topic AreA: Business legAl AspecTsSub-Topic Area: Business Laws and Contracts

    Unit 4: Laws in Business Operation ................................................. 46

    Topic AreA: Business legAl AspecTsSub-Topic Area: Business Laws and Contracts

    Unit 5: Role of Standards in Business ............................................. 84

    Topic AreA: Business groWTh And susTAinABle developmenTSub-Topic Area: Business Market Research

    Unit 6: Market Research ................................................................ 101

    Topic AreA: Business operATions mAnAgemenTSub-Topic Area: Business Organisation and Management

    Unit 7: Business Organisation and Management .......................... 132

    Topic AreA: Business operATions mAnAgemenTSub-Topic Area: Financial Institutions and Markets

    Unit 8: Financial management ....................................................... 197

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    Topic AreA: Business operATions mAnAgemenTSub-Topic Area: Financial Institutions and Markets

    Unit 9: Financial Institutions ........................................................... 228

    Topic AreA: Business operATions mAnAgemenTSub-Topic Area: Accounting and Inventory Management

    Unit 10: Initiation to Accounting ....................................................... 242

  • v

    Introduction

    Background to curriculum reviewAs Rwanda moves towards Universal Secondary Education and 12 years of basic education, it is imperative that those graduating from secondary schools are equipped with competences to ensure that they can be productive after graduation. Therefore, a careful review of the secondary school Entrepreneurship syllabus was carried out to ensure that the key transferable skills that employers needs are provided to all secondary school graduates. These include academic school skills as well as communication and team work skills.

    A competence based syllabus guides the development of competences associated with methodologies and assessment strategies that specify the outcomes which are consistent with the needs of the individual, the community and the labour market. This syllabus offers learners the opportunity to apply what they have learnt to real life situations and make a difference in their own life with the help of their teachers, whose role is central to the success of the curriculum delivery.

    The Entrepreneurship competence based curriculum intends to equip learners with a combination of skills, attitudes, and values as well as knowledge that a learner can demonstrate and use during and after each level of the learning process. This should enable them to accomplish employment-related tasks satisfactorily, while personal characteristics such as motivation, self-confidence, and willpower are also developed.

    rationale for the teaching and learning of entrepreneurship

    entrepreneurship and societyThe developmental process and capital formation cannot in the long run be achieved by the state or by donor funds alone. While both of these must contribute, the backbone

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    Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4

    of the process should be the middle class of the Rwandan entrepreneurs.

    Productive entrepreneurship must be fostered to perform its traditional role of creating wealth, employment and vital innovations through opportunities for profit.

    Entrepreneurship education is a vital part of the process to build a prosperous society, and a driving force behind employment, growth and competitiveness. A successful entrepreneur is an asset to the society. He or she can contribute to the wellbeing of a society in several ways, such as the provision of goods and services, creating new markets and new technologies, new institutional forms, new jobs and net increases in productivity which improves the living conditions of people.

    Entrepreneurship is a great enabler, which can help level the playing field between developed and developing countries and regions. It is envisaged that with Entrepreneurship education, Rwanda will transform from a subsistence agricultural economy into a knowledge-based society, with a vibrant class of entrepreneurs.

    entrepreneurship and learnersThe subject is meant to change the attitudes of learners, encouraging them to focus more on self employment and self-reliance. It should also raise awareness amongst young people and the broader the community for promotion of the potential youth enterprises. The attitude of young people is also a driver of their productivity. Many Rwandan youths lack a culture of entrepreneurship while some youth perceive certain types of jobs as jobs for second class citizens. This further translates into a negative attitude towards learning skills related to those perceived as blue-collar jobs.

    Entrepreneurship education will help to ensure that the key transferable soft skills that employers need are being provided to all secondary graduates, including academic skills, communication and teamwork skills. Entrepreneurship education will also help to reduce skills gaps and shortages; improving productivity and business performance; increasing

  • vii

    Introduction

    opportunities to boost the skills and productivity of the sector’s workforce, including action on equal opportunities; and improving quality and relevance of training for employment among learners.

    Using this Teacher’s guide, learners will have; progressively more challenging educational activities; experiences that will enable them to develop the insight needed to discover and create entrepreneurial opportunities. Education is entrepreneurship, therefore, help learners to apply business knowledge, skills and attitudes to solve environmental, economic and social problems in their everyday lives.

    competencesThe present curriculum places emphasis on learning knowledge for its own sake.The new curriculum places emphasis on the development of competences. A competence is the ability to use knowledge. A competence is a combination of knowledge with skills, attitudes and values that a learner must demonstrate during and after each level of the learning process that enables the learner to accomplish a certain task satisfactorily. Basic competences are addressed in the stated broad subject competences and in objectives highlighted on a yearly basis and in each of the units of learning.

    The generic competences are competencies which are important in all fields, both in school and employment. They must be emphasised and reflected throughout the learning process and are briefly described below. Teachers should ensure that learners are regularly exposed to tasks that help them acquire these competences.

    generic competencescritical and problem solving skills: The acquisition of such skills will help learners to think imaginatively, innovatively and broadly to evaluate and find the problems encountered in their surroundings.

    creativity and innovation: The acquisition of such skills will help learners to take the initiative and use their imaginations

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    Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4

    beyond the knowledge provided in the classroom to generate new ideas and construct new concepts.

    research: This will help learners to find answers to questions based on existing information and concepts and use it to explain phenomena from gathered information.

    Communication in official languages: Teachers, irrespective of being language teachers will ensure the proper use of language of instruction by learners. The teachers should communicate clearly and confidently and convey ideas effectively through spoken and written by applying appropriate language and relevant vocabulary.

    cooperation, inter personal management and life skills: This will help the learner to cooperate as a team in whatever task is assigned and to practice positive ethical moral values while respecting rights, feelings and views of others. They should be able to perform practical activities related to environmental conservation and protection and to advocate for personal, family and community health, hygiene and nutrition and respond creatively to a variety of challenges encountered in life.

    lifelong learning: Knowledge is always changing. Lifelong learning means the acquisition of cognitive skills and the ability to be creative and think for themselves will help learners to update knowledge and skills with minimum external support. The learners will be able to cope with the evolution of knowledge advances for personal fulfillment in areas that are relevant to their improvement and development.

    Broad entrepreneurship competencesIn addition to generic competences, there are competences specific to entrepreneurship. The overall goal of entrepreneurship education is to give learners the attitude, knowledge and skills to act in an entrepreneurial way. The intention of this is that learners should be able to:

    · Use available resources properly and responsibly to create gainful activities for the present and future generation.

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    Introduction

    · Use their creative and innovative powers to come up with new products.

    · Take manageable risk ventures and create employment opportunities.

    · Make rational decisions based on one’s needs. · Create and implement business opportunities from the

    environment. · Create smart goals and make viable decisions in life. · Save for future needs and manage finance in daily activities. · Develop and implement a viable business plan. · Apply standards in business operations. · Pay taxes in accordance to Rwanda tax law. · Exercise their rights and responsibilities as an employee

    and employer. · Demonstrate appropriate workplace behaviour and attitude. · Perform accounting for a business enterprise. · Apply ethical behaviour in business.

    pedagogical Approach

    The competence – based curriculum design philosophyA competence-based entrepreneurship education generally builds on active and participatory teaching methods. The change to competence-based curriculum is about transforming learning so that it is deep, enjoyable and habit-forming. It’s main characteristics are the practical, project-based approach, promoting practical experience through workshops, cooperation with different organisations and enterprises, including; learning settings outside school, and last but not least, the hands-on approach of setting up and running learner projects. At the same time, each learner is an individual with his/her own needs, pace of learning, experiences and abilities. Teaching strategies must therefore be varied, but flexible within well-structured sequences of lessons.

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    Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4

    link to prior learning experiences The objective of entrepreneurial teaching is not only to introduce new content to learners, but to build on the student’s own learning experiences such as personal, family or community experiences in its delivery. Entrepreneurship is a subject that has links with many other subjects such as Mathematics, Economics, History and Citizenship, English, Technology, Science and others; therefore, lessons should be delivered showing the relationship with other subjects.

    Teaching and learning methods The methodological approaches used in the textbooks are based on active and participatory teaching and learning. Every part of the book contains activities for the learners which are an integral part of the learning process. The exact type of activity depends on the topic being handled, the learners’ learning or comprehension capacities, and the resources available for use in the learning process. The activities employed are learner centered, where the learner is the main actor and the teacher is expected to apply a series of interactive learning processes.

    In order for secondary schools learners to learn this entrepreneurship program focused on developing transferable 21st century skills, the pedagogical structure of a skills lab is provided in the learning activities. Skills lab is a time when learners are required to complete learning activities working in small groups. The skills labs are a no-cost, easy method to change teacher’s pedagogy from theory-based to competency-based instruction. Skills lab ensures teachers are accountable to completing all the learning activities and projects as outlined in the syllabus. Learners should also engage in business clubs to guarantee they practice entrepreneurship.

    nB: It is recommended that the teacher must always complete every group activity with learners giving feedback or sharing through class presentations, discussions, questions and answers to come to an agreed content summary or conclusion of the lesson

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    Introduction

    role of the teacher Since the competency based curriculum is about learners’ active participation in the learning process you must stick to a learner centered approach where you the teacher play the role of the coach/ facilitator in order to value learners’ needs and expectations. Your role as the teacher in using these text books should include among others:

    · Organise learners in classroom or study areas. · Designs the tasks to be performed and then works as

    facilitator throughout the whole process of learning. · Provide the necessary support to the challenging tasks. · Plan and design appropriate tasks that can provoke

    learners to think critically, be creative and innovative and be actively involved during the learning process.

    · Organise and develop learning/teaching materials/resources.

    · Design appropriate assessment to measure the achievement of set objectives.

    The role of the learner A competence-based curriculum on which this text book is based cannot be successful without the learners’ full involvement in the learning process. They should be ready and willing to work with the teacher in the delivery of this syllabus.

    The role of the learner, therefore, in the effective use of the text book should include:

    · Regular attendance in the classroom. · Active participation in the group work activities. · Seek assistance and feedback from fellow learners and

    teachers. · Imitate/apply learnt material in their school or daily life. · Respect school rules and regulations. · Search for more information through continuous research

    using various sources like books, internet etc.

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    Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4

    special education needs (sen) and inclusive approach The new curriculum is based on the idea that all Rwandans have the right to access education regardless of their different needs. This is the focus of Special Education Needs. The critical issue is that we have persons/ learners who are totally different in their ways of living and learning as opposed to the majority. The difference can either be emotionally, physically, sensory and intellectually learning challenged.

    These learners equally have the right to benefit from education in all our schools. You must, therefore consider each learner’s needs during teaching and learning process whatever their intellectual or physical abilities. Assessment strategies and conditions should also be adapted to the needs of these learners. Detailed guidance for each category of learners with special education needs is provided for in this teacher’s guide.

    Assessment Approach Assessment is mainly about improving learning and, through improving learning, improving teaching. Assessment is not just about ‘testing’ learners to find out if they have learnt particular knowledge, but to find out if they have achieved the objectives and learnt the competences, which include understanding, skills, attitudes and values. It is an important ongoing process in teaching and learning and it should be used continuously, meaning it should not be done only at the end after completing a particular topic.

    Assessment should include formative assessment which takes place throughout every teaching topic and every unit of the Learner’s Book. All the activities in the Learner’s Book are types of formative assessment. Formative assessment emphasises continuous assessment as part of the teaching and learning process. The idea of “assessment for learning” focuses on using the assessment information to improve teaching and learning as an ongoing process. This helps teachers to monitor their learners’ progress on a continuous basis. The teacher should constantly observe and evaluate learners’ achievement, collecting data on areas of improvement and new skills that they acquire.

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    Introduction

    In doing this, teachers should focus on the learning objectives and competences stated in the syllabus in order for learners to be aware of what is being assessed, the assessment techniques being used, and the criteria used. Learners can then judge for themselves whether they are achieving the objectives and gaining the competences.

    Summative assessment tells you what learners have learnt or can do after a whole section of teaching e.g. a ‘unit test’. These are also important, but assessment should not be done only by ‘tests’. Tests must include skills, values and attitudes as well as just knowledge. We should test whether learners can read a map, interpret a photograph, have formed an opinion about a topic or even changed their behaviour on the basis of attitudes and values they have learnt. We should not just be testing the factual knowledge they have learnt.

    This means we should not just use one type of assessment – the traditional method used in the knowledge-based approach by which we give a written ‘test’ either consisting of answering a series of short questions or writing an essay. We should use a variety of methods of assessment.

    variety of assessmentsSome of the assessment techniques that can be used include the following;

    verbal assessment · Answering questions verbally · Making a verbal report · Interview with an individual learner or group

    Written assessment · Do a written activity (from text books or self prepared) · Do an assignment · Write a report · Sit for a test or an examination

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    Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4

    practical assessment · Participate in a field trip/excursion and collect information · Do a science experiment and raw conclusions · Demonstrate a particular task · Draw, interpret and use a map · Analyse a photograph · Basic library research and collect information

    group work AssessmentParticipate in a group task and discussionParticipate in a role play and drama

    other Assessment Techniques includes; · Observation of what individual learners do · Consultation with individual learners by asking them

    questions · Focused analyses of learners work such as portfolio, or a

    collection of work they have done, to determine how each individual learner is performing in their learning process.

    resources The learner centered approach in the Entrepreneurship syllabus delivery emphasises the need to use a variety of teaching learning resources including those improvised or collected by the teacher and the learners from the surrounding environment.

    Finally, referring to the syllabus unit shows how it links to other subjects, the assessment criteria and the recommended materials or resources to be used in the teaching and learning process of Entrepreneurship.

    Finally, the unit shows how it links to other subjects, the assessment criteria and the recommended materials or resources to be used in the teaching and learning process of Entrepreneurship.

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    Introduction

    list of materials needed The materials that the teacher will need to aid the learning process include, but are not limited to the following:

    · Reference books like textbooks, learners’ textbooks and teachers’ guides, Entrepreneurship journals, magazines, etc.

    · Case study materials and scenarios. · Computer and Internet connection. · Projectors. · Audio visual study and video materials. · Entrepreneurship incubation facilities. · Successful business resourceful people. · Business simulations. · Individual and group business projects. · Data analysis software such as Microsoft Excel. · Business incubators. · Accounting software such as QuickBook, Sage, Pastel,

    Tally, Peachtree etc. · Raspberry pi software.

    human resource requirements for the successful teaching and learning of entrepreneurship A competent teacher of A-Level Entrepreneurship must have at least the following minimum qualifications: a Bachelor’s Degree in Education with Entrepreneurship, Business Studies, Business Administration, Economics, Management, Finance, and professional certificates like ACCA and CPA or other closely related fields.

    strategies to address special education needs All learners have the right to access education regardless of their different impairments and this means that all citizens benefit from the same choice of education programmes. This is meant to focus on special needs education since we have learners who are totally different in their ways of living and learning and the difference can either be emotional, physical,

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    Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4

    sensory and mental. Therefore, both teachers’ and schools’ role is to enrol them and also set strategies to provide relevant education to them.

    Parents and teachers should communicate on cases relating to learners’ special education needs and difficulties so that they can jointly help. Parents are requested to collaborate with the school administration and teachers towards the academic progress and achievement of their children.

    Adaptation of teaching methods and approaches Teachers should have a positive attitude towards all categories of learners and use teaching and assessment approaches appropriate to meet each individual learners special needs; for example learners with hearing and visual impairment depend more on sign language and the using of concrete objects such as models, diagrams and samples. The examination, therefore, should be standardised to meet different categories of learners with special education needs and the interpretation of results and decisions should be fair.

    The teacher will aim to use the following strategies if he/she is to cater for learners with special needs.

    · Use cooperative learning, for instance, through group works and discussions.

    · Mix learners with special needs with other learners. · Tape-record portions of textbooks, trade books, and other

    printed materials so learners can listen (with earphones) to an oral presentation of necessary material.

    · Providing written or pictorial directions to those with hearing problems.

    · Design special programmes and follow up to keep track of their learning.

    · Provide special needs learners with frequent progress checks.

    · Using of concrete objects such as models, diagrams, samples, and the like to those with hearing problems so

  • xvii

    Introduction

    as to demonstrate what you are saying by using touchable items.

    · For learners with hearing problems, visual aids, sign languages would be appropriate.

    syllabus units

    senior Four units

    key competences at the end of senior four At the end of Senior Four, the learner should be able to:

    · Exhibit the behavioural qualities of an entrepreneur. · Make rational career choices in daily life. · Make plans to reach their personal goals. · Evaluate the need for laws in business operation. · Analyse the role of standards in business. · Examine key components of a market and the role of

    market research. · Analyse the importance of management in a business

    organisation. · Evaluate short and long term capital for future investment. · Evaluate the services/products offered by financial

    institutions.

    The roles of the teacher and learners in competence-based assessmenta) The teacher:

    Teachers should be clear about what they intend to assess and how to do it.

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    Entrepreneurship for Rwanda Secondary Schools Teacher’s Guide Book 4

    Plan the assessment

    Prepare the learners

    Conduct the assessment

    Provide feedback

    When planning an assessment activity, the teacher should: · Be clear about the purpose of the assessment; · Understand, plan and design the process to be applied; · Ensure that assessment always supports learning; · Prepare learners for the assessment; · Carry out assessment as an ongoing part of classroom

    learning and teaching and periodically use specific assessments, tests or examinations as appropriate;

    · Involve learners fully in assessment and help them to understand what is expected and how to improve;

    · Develop learners’ roles in self-assessment; · Evaluate evidence of learning to contribute to profiles and

    report on learners’ achievements and progress.

    b) Learners: · Actively engage in assessment for learning. · Use clear understanding of assessment expectations

    to demonstrate their knowledge and understanding, skills, attitudes and values through a wide range of

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    Introduction

    evidence including informal and formal assessments including specific assessment tasks, activities, tests and examinations.

    · Use assessment feedback to shape and review their learning by reflection, setting learning goals and planning next steps.

    · Use self-assessment to improve performance. · Collaborate in peer assessment.

  • xx

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    rest

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    pe o

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    t typ

    es o

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    onal

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    s •

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    eren

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    lues

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    rtanc

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    ams

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    ndar

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    sine

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    dard

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    plia

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    imis

    e co

    mpl

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    nally

    .

  • xxii

    un

    iT 1

    initi

    atio

    n to

    en

    trep

    rene

    ursh

    ip

    un

    iT 2

    car

    eer o

    ppor

    tuni

    ties

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    iT 3

    set

    ting

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    onal

    goa

    lsu

    niT

    4la

    ws

    in b

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    ess

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    atio

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    ndar

    ds in

    so

    ciet

    y

    • C

    lass

    fiel

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    sits

    to

    iden

    tify

    type

    s of

    en

    trepr

    eneu

    rs

    skill

    s la

    b:

    • Te

    ams

    use

    prod

    ucts

    su

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    s bo

    ttle

    tops

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    oon,

    etc

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    ome

    up

    with

    new

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    duct

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    ples

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    lt of

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    prep

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    ills

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    arne

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    are

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    er p

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    ork.

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    arne

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    MA

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    AR

    T go

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    sear

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    on:

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    cipl

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    icab

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    skill

    s la

    b: •

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    scus

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    dust

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    and

    soci

    ety.

  • xxiii

    un

    iT 1

    initi

    atio

    n to

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    trep

    rene

    ursh

    ip

    un

    iT 2

    car

    eer o

    ppor

    tuni

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    ess

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    een

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    tivity

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    tion

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    ntio

    n;

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    inst

    orm

    on

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    eopl

    e fro

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    eing

    cr

    eativ

    e

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    ners

    col

    lect

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    sess

    sou

    rces

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    care

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    rnet

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    n ab

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    ach

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    skill

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    • Te

    am m

    embe

    rs

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    ills

    lab:

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    her l

    eads

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    eren

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    arni

    ng s

    tyle

    s ga

    me:

  • xxiv

    un

    iT 1

    initi

    atio

    n to

    en

    trep

    rene

    ursh

    ip

    un

    iT 2

    car

    eer o

    ppor

    tuni

    ties

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    iT 3

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    onal

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    lsu

    niT

    4la

    ws

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    ess

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    atio

    n

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    ndar

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    scus

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    ffere

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    oym

    ent o

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    ns

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    g ex

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    es fr

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    com

    mun

    ities

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    n le

    arne

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    fits

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    ploy

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    s la

    b: -T

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    ervi

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    ques

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    t a

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    on w

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    ctio

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    ario

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    eren

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    skill

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    b: •

    Lear

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  • xxv

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    iT 1

    initi

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    lsu

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    ws

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    usin

    ess

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    atio

    n

    un

    iT 5

    rol

    e of

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    ndar

    ds in

    so

    ciet

    y

    In s

    mal

    l gro

    ups,

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    arne

    rs a

    naly

    se c

    ase

    stud

    ies

    on s

    elf a

    nd p

    aid

    empl

    oym

    ent;

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    tify

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    disc

    uss

    the

    bene

    fits

    and

    chal

    leng

    es in

    volv

    ed in

    ea

    ch e

    mpl

    oym

    ent t

    ype

    List

    enin

    g (I

    like

    to p

    eopl

    e ta

    lk a

    bout

    thin

    gs)

    Obs

    ervi

    ng (I

    get

    pic

    ture

    s in

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    n I

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    ICT/

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    kills

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    ativ

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    ski

    lls,

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    sent

    atio

    n of

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    ing.

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    mun

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    skill

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    am w

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    itica

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    nkin

    g,Li

    tera

    cy a

    nd n

    umer

    acy.

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    enin

    g sk

    ills.

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    ativ

    ity a

    nd in

    nova

    tion,

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    earc

    h, L

    ife s

    kills

    ,

    Per

    sona

    l dev

    elop

    men

    t.C

    omm

    on v

    alue

    s.E

    ngag

    emen

    t with

    so

    ciet

    y, li

    tera

    cy a

    nd

    num

    erac

    y.

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    zens

    hip

    and

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    iden

    tity,

    dig

    nity

    and

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    tegr

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    earc

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    num

    erac

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    rgan

    isat

    ion

    of id

    eas

    for

    pres

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    ICT/

    Dig

    ital s

    kills

    .

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    earc

    h , c

    ritic

    al

    thin

    king

    , num

    erac

    y,IC

    T/D

    igita

    l ski

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    Info

    rmat

    ion

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    sent

    atio

    n,C

    omm

    on v

    alue

    ,E

    ngag

    emen

    t with

    so

    ciet

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    uage

    pr

    actic

    eD

    iscu

    ssio

    n I g

    roup

    sP

    rese

    ntat

    ion

    of fi

    ndin

    gs.

    Writ

    ing

    Dis

    cuss

    ion

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    sent

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    n of

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    ings

    Writ

    ing

    Dis

    cuss

    ion

    Pre

    sent

    atio

    n of

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    ings

    .

    Dis

    cuss

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    Writ

    ing

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    sent

    atio

    n of

    find

    ings

    .

    Rea

    ding

    D

    iscu

    ssio

    n P

    rese

    ntat

    ions

    .

    Voca

    bula

    ry

    acqu

    isiti

    onE

    ntre

    pren

    eurs

    hip

    term

    inol

    ogy

    Car

    eer t

    erm

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    ogy

    Job

    rela

    ted

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    bula

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    l ter

    min

    olog

    y B

    usin

    ess

    law

    te

    rmin

    olog

    y.S

    tand

    ards

    rela

    ted

    voca

    bula

    ry.

    Num

    erac

    y S

    tatis

    tical

    ana

    lysi

    sD

    ata

    inte

    rpre

    tatio

    n.

  • xxvi

    un

    iT 1

    initi

    atio

    n to

    en

    trep

    rene

    ursh

    ip

    un

    iT 2

    car

    eer o

    ppor

    tuni

    ties

    un

    iT 3

    set

    ting

    pers

    onal

    goa

    lsu

    niT

    4la

    ws

    in b

    usin

    ess

    oper

    atio

    n

    un

    iT 5

    rol

    e of

    sta

    ndar

    ds in

    so

    ciet

    y

    Stu

    dy s

    kills

    Org

    anis

    ing

    info

    rmat

    ion.

    Not

    e-ta

    king

    Cho

    osin

    g th

    e rig

    ht

    ques

    tions

    to g

    et d

    ata

    requ

    ired.

    Dat

    a co

    llect

    ion

    Org

    anis

    ing

    idea

    s fo

    r pr

    esen

    tatio

    n.

    Cho

    osin

    g th

    e rig

    ht

    ques

    tions

    to g

    et th

    e da

    ta

    requ

    ired.

    Not

    e-ta

    king

    .In

    form

    atio

    n or

    gani

    satio

    n.

    Org

    anis

    ing

    of id

    eas

    for

    pres

    enta

    tion.

    Dat

    a co

    llect

    ion.

    Cho

    osin

    g th

    e rig

    ht

    ques

    tions

    to g

    et th

    e da

    ta

    requ

    ired.

    Org

    anis

    ing

    of id

    eas

    for

    pres

    enta

    tion.

    Dat

    a co

    llect

    ion.

    Cho

    osin

    g th

    e rig

    ht

    ques

    tions

    to g

    et th

    e da

    ta re

    quire

    d.

    Rev

    isio

    nR

    evis

    ion

    exer

    cise

    pr

    ovid

    edR

    evis

    ion

    exer

    cise

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    ovid

    edR

    evis

    ion

    exer

    cise

    pr

    ovid

    edR

    evis

    ion

    exer

    cise

    pr

    ovid

    edR

    evis

    ion

    exer

    cise

    pr

    ovid

    ed

    Ass

    essm

    ent

    A fo

    rmat

    ive

    asse

    ssm

    ent

    task

    s on

    the

    conc

    ept o

    f en

    trepr

    eneu

    rshi

    p, ty

    pes

    of e

    ntre

    pren

    eurs

    and

    th

    eir q

    ualit

    ies.

    A fo

    rmat

    ive

    asse

    ssm

    ent

    task

    s on

    cho

    osin

    g ap

    prop

    riate

    futu

    re

    care

    ers.

    A fo

    rmat

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    asse

    ssm

    ent

    task

    s on

    writ

    ing

    SM

    AR

    T go

    als

    and

    mak

    e pl

    ans

    to re

    ach

    thei

    r per

    sona

    l go

    als.

    A fo

    rmat

    ive

    asse

    ssm

    ent

    task

    s on

    eva

    luat

    ing

    the

    need

    for l

    aws

    in

    busi

    ness

    and

    ope

    ratio

    ns,

    iden

    tifyi

    ng th

    e le

    gal

    form

    s of

    bus

    ines

    s ow

    ners

    hip

    in R

    wan

    da

    and

    desc

    ribe

    the

    bene

    fits

    of re

    gist

    erin

    g a

    busi

    ness

    .

    A fo

    rmat

    ive

    asse

    ssm

    ent t

    asks

    on

    the

    role

    of

    stan

    dard

    s in

    bus

    ines

    s an

    d di

    ffere

    ntia

    te

    stan

    dard

    ised

    and

    sub

    -st

    anda

    rd p

    rodu

    cts.

    Lear

    ning

    O

    utco

    mes

    Exh

    ibit

    desi

    rabl

    e qu

    aliti

    es

    of a

    n en

    trepr

    eneu

    r.E

    ncou

    rage

    cre

    ativ

    e an

    d in

    nova

    tive

    prac

    tices

    the

    com

    mun

    ities

    .Th

    ink

    crea

    tivel

    y in

    ov

    erco

    min

    g ch

    alle

    nges

    I th

    e co

    mm

    unity

    .

    Cho

    ose

    care

    ers

    base

    d on

    sel

    f-ass

    essm

    ent.

    Dev

    elop

    pla

    ns fo

    r fut

    ure

    care

    ers.

    Rec

    ogni

    se th

    at v

    alue

    s ar

    e im

    porta

    nt in

    fam

    ily,

    soci

    ety

    and

    empl

    oym

    ent.

    Trea

    t oth

    ers

    with

    resp

    ect

    as o

    ne w

    ould

    do

    in th

    e w

    ork

    plac

    e.R

    ealis

    e th

    at w

    hile

    ther

    e ar

    e si

    mila

    ritie

    s an

    d di

    ffere

    nces

    am

    ongs

    t ev

    eryo

    ne, w

    e ar

    e al

    l un

    ique

    .

    Rec

    ogni

    se th

    e ne

    ed

    for l

    aws

    in b

    usin

    ess

    oper

    atio

    n.A

    ppre

    ciat

    e th

    e ne

    ed fo

    r re

    gist

    erin

    g a

    busi

    ness

    .A

    dvoc

    ate

    for l

    egal

    pr

    actic

    es w

    hile

    car

    ryin

    g ou

    t bus

    ines

    s ac

    tiviti

    es.

    Sho

    w re

    spon

    sibi

    lity

    tow

    ards

    st

    anda

    rdis

    atio

    n pr

    oces

    s as

    a

    cons

    umer

    .E

    xerc

    ise

    thei

    r rig

    hts

    as c

    onsu

    mer

    s to

    war

    ds

    subs

    tand

    ard

    prod

    ucts

    .

  • xxvii

    un

    iT 6

    m

    arke

    t res

    earc

    h u

    niT

    7

    Bus

    ines

    s or

    gani

    satio

    nu

    niT

    8 F

    inan

    cial

    m

    anag

    emen

    t u

    niT

    9Fi

    nanc

    ial i

    nstit

    utio

    nsu

    niT

    10

    initi

    atio

    n to

    ac

    coun

    ting

    Num

    ber o

    f pe

    riods

    22

    22

    22

    2222

    Key

    uni

    t co

    mpe

    tenc

    eB

    e ab

    le to

    iden

    tify

    key

    com

    pone

    nts

    of a

    mar

    ket,

    how

    they

    inte

    r-re

    late

    and

    im

    porta

    nce

    of m

    arke

    t re

    sear

    ch.

    To b

    e ab

    le to

    des

    crib

    e th

    e im

    porta

    nce

    of

    man

    agem

    ent i

    n bu

    sine

    ss

    man

    agem

    ent.

    To b

    e ab

    le to

    eva

    luat

    e th

    e sh

    ort t

    erm

    and

    long

    te

    rm fo

    r fut

    ure

    inve

    stm

    ent

    To b

    e in

    trodu

    ced

    to

    finan

    cial

    man

    agem

    ent i

    n bu

    sine

    ss.

    To b

    e ab

    le to

    eva

    luat

    e se

    rvic

    es/p

    rodu

    cts

    prov

    ided

    by

    finan

    cial

    in

    stitu

    tions

    .

    To b

    e ab

    le to

    reco

    gnis

    e th

    e va

    lues

    of k

    eepi

    ng

    acco

    untin

    g re

    cord

    s in

    bu

    sine

    ss.

    Intro

    duct

    ion

    Exp

    lain

    the

    mea

    ning

    of

    a m

    arke

    t, m

    arke

    ting

    and

    mar

    ket r

    esea

    rch.

    Exp

    lain

    the

    mea

    ning

    of

    busi

    ness

    org

    anis

    atio

    n an

    d m

    anag

    emen

    t.

    Exp

    lain

    the

    mea

    ning

    of

    fina

    nce,

    fina

    ncia

    l sy

    stem

    s an

    d fin

    anci

    al

    man

    agem

    ent.

    Exp

    lain

    the

    mea

    ning

    of

    fina

    ncia

    l ins

    titut

    ions

    , ba

    nks,

    che

    que,

    ban

    k lo

    ans

    and

    non-

    bank

    ing

    finan

    cial

    inst

    itutio

    ns.

    Exp

    lain

    the

    diffe

    renc

    e be

    twee

    n bo

    ok k

    eepi

    ng

    and

    acco

    untin

    g.

    Cla

    ssro

    om

    orga

    nisa

    tion

    Who

    le-c

    lass

    orie

    ntat

    ion

    then

    gro

    ups

    Who

    le-c

    lass

    orie

    ntat

    ion

    then

    gro

    ups

    Who

    le-c

    lass

    orie

    ntat

    ion

    then

    gro

    ups

    Who

    le-c

    lass

    orie

    ntat

    ion

    then

    gro

    ups

    Who

    le-c

    lass

    orie

    ntat

    ion

    then

    gro

    ups

    Equ

    ipm

    ent

    requ

    ired

    Sur

    vey

    guid

    es,

    docu

    men

    tary

    reso

    urce

    s,

    sam

    ple

    prod

    ucts

    , Pap

    ers

    and

    pens

    , In

    tern

    et a

    cces

    s,

    refe

    renc

    e bo

    oks.

    Pap

    ers

    and

    pens

    , sch

    ool

    or p

    ublic

    libr

    ary

    acce

    ss,

    inte

    rnet

    acc

    ess.

    Sim

    ulat

    ion

    gam

    es,

    refe

    renc

    e bo

    oks.

    New

    spap

    ers,

    inte

    rnet

    ac

    cess

    , jou

    rnal

    s,

    refe

    renc

    e bo

    oks.

    Mem

    bers

    hip

    form

    s fro

    m v

    ario

    us fi

    nanc

    ial

    inst

    itutio

    ns, l

    oans

    ap

    plic

    atio

    n fo

    rms,

    ne

    wsp

    aper

    s, jo

    urna

    ls,

    refe

    renc

    e bo

    oks.

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    ount

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    softw

    are,

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    ports

    , jou

    rnal

    s,

    sour

    ce d

    ocum

    ents

    , le

    dger

    boo

    k, re

    fere

    nce

    book

    s

  • xxviii

    un

    iT 6

    m

    arke

    t res

    earc

    h u

    niT

    7

    Bus

    ines

    s or

    gani

    satio

    nu

    niT

    8 F

    inan

    cial

    m

    anag

    emen

    t u

    niT

    9Fi

    nanc

    ial i

    nstit

    utio

    nsu

    niT

    10

    initi

    atio

    n to

    ac

    coun

    ting

    Act

    iviti

    esB

    rain

    stor

    m th

    e m

    eani

    ng

    of m

    arke

    t, m

    arke

    ting

    and

    mar

    ket r

    esea

    rch;

    th

    en b

    y re

    sear

    ch ta

    sk,

    the

    lear

    ners

    iden

    tify

    the

    4 va

    riabl

    es o

    f mar

    ketin

    g (“

    4 P

    s”)

    skill

    s la

    b:

    • Te

    ams

    com

    e up

    with

    so

    met

    hing

    they

    wan

    t to

    sel

    l, th

    en d

    escr

    ibe

    how

    they

    will

    sel

    l it

    usin

    g th

    e 4p

    s •

    Team

    s di

    scus

    s th

    e im

    porta

    nce

    of 4

    Ps

    in a

    co

    mm

    erci

    al a

    ctiv

    ity

    Lear

    ners

    ana

    lyse

    and

    di

    scus

    s th

    e ex

    ampl

    e of

    the

    fam

    ily in

    ord

    er

    to u

    nder

    stan

    d w

    hat a

    n or

    gani

    satio

    n is

    , inc

    ludi

    ng

    purp

    ose,

    stru

    ctur

    e an

    d co

    mpo

    nent

    s (p

    eopl

    e).

    In s

    mal

    l gro

    ups,

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    ners

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    or re

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    ch if

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    t) va

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    unity

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    stig

    ate

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    g to

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    e,

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    ners

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    • Te

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    tion

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    e an

    d ch

    arts

    for t

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    iden

    tified

    bus

    ines

    s en

    terp

    rises

    .

    Lear

    ners

    ana

    lyse

    and

    di

    scus

    s th

    e ex

    ampl

    e of

    the

    fam

    ily in

    ord

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    to u

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    stan

    d w

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    n or

    gani

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    n is

    , inc

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    ng

    purp

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    stru

    ctur

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    nent

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    eopl

    e).

    In s

    mal

    l gro

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    ners

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    ch if

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    unity

    to

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    stig

    ate

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    r for

    ms

    acco

    rdin

    g to

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    e,

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    ities

    , life

    span

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    ow

    ners

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    skill

    s la

    b:

    • Te

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    lop

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    nisa

    tion

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    ctur

    e an

    d ch

    arts

    for t

    heir

    iden

    tified

    bus

    ines

    s en

    terp

    rises

    . •

    Lear

    ners

    ana

    lyse

    and

    di

    scus

    s ca

    se s

    tudi

    es

    on o

    rgan

    isat

    iona

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    inst

    orm

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    the

    mea

    ning

    and

    type

    s of

    fin

    anci

    al in

    stitu

    tions

    in

    thei

    r com

    mun

    ity, t

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    he

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    tified

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    itutio

    ns to

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    trepr

    eneu

    rshi

    p B

    ased

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    the

    abov

    e ac

    tivity

    , lea

    rner

    s in

    sm

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    ify id

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    itutio

    ns

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    g to

    type

    s an

    d gi

    ve th

    eir f

    unct

    ions

    to th

    e en

    trepr

    eneu

    r and

    soc

    iety

    In

    sm

    all g

    roup

    s, le

    arne

    rs

    shar

    e th

    eir p

    erso

    nal

    expe

    rienc

    e ab

    out s

    ervi

    ce

    and

    prod

    ucts

    that

    they

    ha

    ve a

    cqui

    red

    from

    with

    fin

    anci

    al in

    stitu

    tions

    and

    ho

    w th

    ey h

    ave

    bene

    fited

    fro

    m e

    xist

    ence

    of s

    uch

    inst

    itutio

    ns

    skill

    s la

    b:•

    Lear

    ners

    com

    plet

    e sa

    mpl

    e lo

    an

    appl

    icat

    ion

    form

    s fro

    m

    finan

    cial

    inst

    itutio

    ns

    Gro

    up re

    sear

    ch o

    n:

    The

    dist

    inct

    ion

    betw

    een

    book

    keep

    ing

    and

    acco

    untin

    g Th

    e ac

    coun

    ting

    proc

    ess

    skill

    s la

    b:

    • Te

    ams

    crea

    te

    situ

    atio

    ns w

    here

    one

    ha

    s to

    pay

    for g

    oods

    an

    d se

    rvic

    es e

    ither

    by

    cas

    h or

    cre

    dit

    and

    the

    mod

    e of

    pa

    ymen

    t •

    Team

    s ro

    le p

    lay

    a sc

    hool

    dep

    artm

    ent

    (acc

    ount

    s de

    partm

    ent,

    acad

    emic

    de

    partm

    ent,

    cate

    ring

    depa

    rtmen

    t)not

    ke

    epin

    g re

    cord

    s of

    an

    y si

    ngle

    eve

    nt/

    trans

    actio

    n; a

    nd

    the

    impo

    rtanc

    e of

    ke

    epin

    g ac

    cura

    te

    reco

    rds

    for t

    he

    busi

    ness

    .

  • xxix

    un

    iT 6

    m

    arke

    t res

    earc

    h u

    niT

    7

    Bus

    ines

    s or

    gani

    satio

    nu

    niT

    8 F

    inan

    cial

    m

    anag

    emen

    t u

    niT

    9Fi

    nanc

    ial i

    nstit

    utio

    nsu

    niT

    10

    initi

    atio

    n to

    ac

    coun

    ting

    Usi

    ng lo

    cal b

    usin

    esse

    s as

    exa

    mpl

    es in

    dica

    te

    who

    the

    mai

    n cu

    stom

    ers

    of th

    ese

    busi

    ness

    es

    are.

    For

    exa

    mpl

    e, in

    a

    shop

    , who

    are

    the

    mai

    n cu

    stom

    ers?

    For

    a p

    etro

    l st

    atio

    n, w

    ho a

    re th

    e m

    ain

    cust

    omer

    s? T

    hen

    lear

    ners

    giv

    e ex

    ampl

    es

    of w

    hy th

    ey m

    ight

    wan

    t to

    gath

    er in

    form

    atio

    n fro

    m

    cust

    omer

    s; w

    hat k

    inds

    of

    info

    rmat

    ion

    wou

    ld th

    ey

    wan

    t to

    get?

    And

    How

    co

    uld

    they

    get

    it?

    Then

    le

    arne

    rs d

    iscu

    ss th

    eir

    findi

    ngs

    skill

    s la

    b:

    • Te

    ams

    role

    pla

    y di

    ffere

    nt m

    arke

    ting

    stra

    tegi

    es•

    Team

    s vi

    sit a

    noth

    er

    scho

    ol a

    nd c

    ompa

    re

    its c

    ante

    en, l

    ibra

    ry,

    teac

    hers

    , cur

    ricul

    um,

    scho

    ol fe

    es, e

    tc. w

    ith

    thos

    e in

    thei

    r ow

    n sc

    hool

    .

    • Le

    arne

    rs a

    naly

    se a

    nd

    disc

    uss

    case

    stu

    dies

    on

    org

    anis

    atio

    nal

    stru

    ctur

    e of

    diff

    eren

    t en

    terp

    rises

    to

    unde

    rsta

    nd h

    ow

    they

    org

    anis

    ed a

    nd

    oper

    ate.

    skill

    s la

    b:

    • Te

    ams

    deci

    de a

    goa

    l th

    ey w

    ould

    like

    to

    achi

    eve

    toge

    ther

    , and

    th

    en d

    ecid

    e on

    wha

    t is

    need

    ed to

    acc

    ompl

    ish

    the

    chos

    en g

    oal.

    Dur

    ing

    the

    disc

    ussi

    on

    they

    cla

    ssify

    thei

    r su

    gges

    tions

    into

    the

    four

    man

    agem

    ent

    func

    tions

    . •

    Teac

    her l

    ead

    a si

    mul

    atio

    n ga

    me

    for

    team

    s to

    org

    anis

    e fu

    nctio

    ns to

    reac

    h pr

    oduc

    tion

    goal

    or

    to a

    chie

    ve a

    cho

    sen

    goal

    .

    skill

    s la

    b:•

    Team

    s de

    cide

    a g

    oal

    they

    wou

    ld li

    ke to

    ac

    hiev

    e to

    geth

    er, a

    nd

    then

    dec

    ide

    on w

    hat i

    s ne

    eded

    to a

    ccom

    plis

    h th

    e ch

    osen

    goa

    l. D

    urin

    g th

    e di

    scus

    sion

    th

    ey c

    lass

    ify th

    eir

    sugg

    estio

    ns in

    to th

    e fo

    ur m

    anag

    emen

    t fu

    nctio

    ns.

    • Te

    ache

    r lea

    d a

    sim

    ulat

    ion

    gam

    e fo

    r te

    ams

    to o

    rgan

    ise

    func

    tions

    to re

    ach

    prod

    uctio

    n go

    al o

    r to

    achi

    eve

    a ch

    osen

    goa

    l.

  • xxx

    un

    iT 6

    m

    arke

    t res

    earc

    h u

    niT

    7

    Bus

    ines

    s or

    gani

    satio

    nu

    niT

    8 F

    inan

    cial

    m

    anag

    emen

    t u

    niT

    9Fi

    nanc

    ial i

    nstit

    utio

    nsu

    niT

    10

    initi

    atio

    n to

    ac

    coun

    ting

    Bas

    ed o

    n th

    is d

    iscu

    ssio

    n,

    lear

    ners

    mak

    e a

    set o

    f su

    gges

    tions

    for h

    ow th

    eir

    own

    scho

    ol c

    ould

    attr

    act

    mor

    e le

    arne

    rs li

    nkin

    g w

    ith

    com

    petit

    or s

    urve

    ys

    skill

    s la

    b:

    • Te

    ams

    deve

    lop

    a m

    arke

    ting

    plan

    for a

    n id

    entifi

    ed p

    rodu

    ct

    • Te

    ams

    anal

    yse

    seve

    ral

    exam

    ples

    of l

    ocal

    ly-

    prod

    uced

    pro

    duct

    s (e

    .g. c

    hapa

    ttis,

    to

    mat

    oes,

    egg

    s,

    man

    dazi

    , etc

    ) to

    see

    whe

    ther

    they

    are

    goo

    d qu

    ality

    pro

    duct

    s or

    not

    , an

    d in

    wha

    t res

    pect

    . If

    they

    not

    ice

    qual

    ity

    defe

    cts,

    they

    sho

    uld

    anal

    yse

    the

    step

    s th

    at h

    ave

    been

    gon

    e th

    roug

    h to

    pro

    duce

    th

    e pr

    oduc

    t and

    try

    to s

    ugge

    st h

    ow to

    gu

    aran

    tee

    bette

    r qu

    ality

    at e

    ach

    step

    .

    A si

    mul

    atio

    n ga

    me

    whe

    re

    lear

    ners

    hav

    e to

    form

    te

    ams

    and

    prep

    are

    a ce

    rtain

    qua

    ntity

    of s

    ome

    sim

    ple

    item

    (suc

    h as

    id

    entic

    al d

    raw

    ings

    of

    som

    ethi

    ng, e

    tc.).

    The

    y ha

    ve to

    mak

    e a

    plan

    to

    reac

    h th

    eir p

    rodu

    ctio

    n go

    al, o

    rgan

    ise

    thei

    r tea

    m

    mem

    bers

    into

    diff

    eren

    t fu

    nctio

    ns/a

    ctiv

    ities

    fo

    r ach

    ievi

    ng th

    eir

    resp

    onsi

    bilit

    ies,

    and

    hav

    e a

    man

    ager

    who

    hel

    ps

    to s

    uper

    vise

    and

    con

    trol

    thei

    r act

    iviti

    es. S

    ee w

    hich

    te

    ams

    are

    mor

    e ef

    ficie

    nt

    and

    effe

    ctiv

    e in

    reac

    hing

    th

    eir g

    oals

    , and

    ana

    lyse

    w

    ith th

    e cl

    ass

    afte

    r the

    y co

    mpl

    ete

    the

    gam

    e w

    hat

    tech

    niqu

    es w

    orke

    d w

    ell

    etc.

    B

    rain

    stor

    m o

    n th

    e fu

    nctio

    ns o

    f man

    agem

    ent

    with

    an

    exam

    ple

    of th

    eir

    scho

    ol m

    anag

    emen

    t

    A si

    mul

    atio

    n ga

    me

    whe

    re

    lear

    ners

    hav

    e to

    form

    te

    ams

    and

    prep

    are

    a ce

    rtain

    qua

    ntity

    of s

    ome

    sim

    ple

    item

    (suc

    h as

    id

    entic

    al d

    raw

    ings

    of

    som

    ethi

    ng, e

    tc.).

    The

    y ha

    ve to

    mak

    e a

    plan

    to

    reac

    h th

    eir p

    rodu

    ctio

    n go

    al, o

    rgan

    ise

    thei

    r tea

    m

    mem

    bers

    into

    diff

    eren

    t fu

    nctio

    ns/a

    ctiv

    ities

    fo

    r ach

    ievi

    ng th

    eir

    resp

    onsi

    bilit

    ies,

    and

    hav

    e a

    man

    ager

    who

    hel

    ps

    to s

    uper

    vise

    and

    con

    trol

    thei

    r act

    iviti

    es. S

    ee w

    hich

    te

    ams

    are

    mor

    e ef

    ficie

    nt

    and

    effe

    ctiv

    e in

    reac

    hing

    th

    eir g

    oals

    , and

    ana

    lyse

    w

    ith th

    e cl

    ass

    afte

    r the

    y co

    mpl

    ete

    the

    gam

    e w

    hat

    tech

    niqu

    es w

    orke

    d w

    ell

    etc.

    B

    rain

    stor

    m o

    n th

    e fu

    nctio

    ns o

    f man

    agem

    ent

    with

    an

    exam

    ple

    of th

    eir

    scho

    ol m

    anag

    emen

    t

    • Te

    ams

    disc

    uss

    the

    proc

    edur

    es o

    fof

    acqu

    iring

    loan

    s fro

    m

    finan

    cial

    inst

    itutio

    ns

    or m

    eet a

    reso

    urce

    pe

    rson

    from

    a

    finan

    cial

    inst

    itutio

    n to

    sh

    are

    with

    lear

    ners

    th

    e va

    rious

    pro

    duct

    s/se

    rvic

    es p

    rovi

    ded

    by

    finan

    cial

    inst

    itutio

    ns

    and

    how

    one

    can

    ac

    cess

    them

    sk

    ills

    lab:

    Lear

    ners

    vis

    it va

    rious

    fin

    anci

    al in

    stitu

    tion

    web

    site

    s, lo

    ok a

    t the

    ir m

    ater

    ials

    , or i

    nter

    view

    ba

    nk c

    usto

    mer

    s in

    th

    eir c

    omm

    unity

    to

    chec

    k w

    hich

    type

    s of

    bu

    sine

    ss p

    rom

    otio

    n ea

    ch in

    stitu

    tion

    give

    s,

    cond

    ition

    s to

    acc

    ess

    them

    Team

    s sh

    are

    thei

    r fin

    ding

    s ba

    ck to

    thei

    r co

    lleag

    ues

    and

    deba

    te

    the

    best

    fina

    ncia

    l in

    stitu

    tion

    In s

    mal

    l gro

    ups,

    le

    arne

    rs d

    iscu

    ss w

    ho

    wou

    ld n

    eed/

    use

    the

    acco

    untin

    g in

    form

    atio

    n in

    cas

    e th

    ey o

    wne

    d a

    busi

    ness

    ent

    erpr

    ise

    and

    kept

    reco

    rds

    for

    thei

    r tra

    nsac

    tions

    le

    adin

    g to

    the

    user

    s of

    ac

    coun

    ting

    info

    rmat

    ion

    skill

    s la

    b:•

    Team

    s gr

    oup

    vario

    us

    trans

    actio

    ns a

    nd

    acco

    unts

    as

    per

    case

    stu

    dy

    • Te

    ams

    disc

    uss

    the

    adva

    ntag

    es a

    nd

    disa

    dvan

    tage

    s of

    cr

    edit

    Thro

    ugh

    a ca

    se s

    tudy

    , le

    arne

    rs s

    houl

    d be

    ab

    le to

    exp

    ound

    on

    the

    know

    ledg

    e of

    O’ L

    evel

    ab

    out t

    he m

    eani

    ng o

    f as

    sets

    , lia

    bilit

    ies

    and

    equi

    ty, g

    roup

    var

    ious

    tra

    nsac

    tions

    and

    ac

    coun

    ts a

    s pe

    r the

    ac

    coun

    ting

    equa

    tion.

  • xxxi

    un

    iT 6

    m

    arke

    t res

    earc

    h u

    niT

    7

    Bus

    ines

    s or

    gani

    satio

    nu

    niT

    8 F

    inan

    cial

    m

    anag

    emen

    t u

    niT

    9Fi

    nanc

    ial i

    nstit

    utio

    nsu

    niT

    10

    initi

    atio

    n to

    ac

    coun

    ting

    In g

    roup

    s, le

    arne

    rs g

    o to

    a

    near

    by m

    arke

    t, sh

    op,

    or c

    ante

    en a

    nd in

    terv

    iew

    th

    e ow

    ner a

    bout

    the

    crite

    ria th

    ey u

    se to

    sel

    ect

    thei

    r sup

    plie

    rs. B

    ased

    on

    this

    info

    rmat

    ion,

    lear

    ners

    w

    rite

    a se

    t of q

    uest

    ions

    on

    whi

    ch th

    ey w

    ould

    ev

    alua