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The role of entrepreneurship (and entrepreneur) and intrapreneurship (and intrapreneur) in overall business activity AO3

AO3 You need to be able to: Demonstrate synthesis and evaluation. Command terms these terms require you to rearrange component ideas into a new whole and make judgments based on evidence or a set of criteria. Compare,  Compare and contrast, Contrast, Discuss, Evaluate, Examine, Justify, Recommend, To what extent

Business Organisation and Environment

Remember what a business is?

Factors of Poduction
Fossil fuels

Creating output

Service delivery



Entrepreneur (Rewarded with profit) - the organiser of the factors of production, risk-taker, innovator rewarded with profits and associated with small business as the owner.

Intrapreneur - same functions as above but within a large corporate company (so not the owner) emphasis on innovation and R and D.
See Page 12 for more detail

Reasons for starting up a business or an enterprise AO2

AO2 You need to be able to: Demonstrate application and analysis of knowledge and understanding Command Terms: These terms require students to use their knowledge and skills to break down ideas into simpler parts and to see how the parts relate: Analyse, Apply, Comment, Demonstrate, Distinguish, Explain, Interpret, Suggest

5 most quoted reasons:

1. You are your own boss

2. You get to do what you’re interested in

3. Your business = your deadlines

4. Your reward is profit

5. The big dream really can become reality

Say which of these reasons appeals to you the most: Is there a different reason that would appeal to you?

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