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Pearson BTEC International Level 3 Qualifications in Information Technology –
Specification – Issue 3 – September 2022 © Pearson Education Limited 2022
265
Content
Learning aim A: Explore the nature of enterprise and entrepreneurship
in an IT context
A1 Entrepreneurship and enterprise principles and characteristics
The principles and characteristics of entrepreneurship.
•
Enterprise is the process of using creativity and innovation to meet customers’
needs and aspirations.
•
Enterprise involves:
o
identifying gaps in the market to sell products and
services and so create
markets, grow markets, increase market share and become market leaders
o
creating products and services and selling them into an identified market.
•
Enterprise skills and capabilities that are required to establish and drive an
enterprise forward, including:
o
expertise: entrepreneurial and technical
o
enthusing and inspiring others
o
motivating teams and co-workers
o
commitment to work
o
attitude to risk, e.g. risk averse and risk taker.
•
Factors that make enterprises successful, including:
o
good entrepreneurial
and IT skills
o
teamwork
o
well-thought-through plans using lean or traditional business principles
o
competitive advantage, e.g. enterprise scale, unique selling point (USP) and lack
of competition
o
access to finance for start-up and growth, e.g. own resources, bank loans,
crowd funding, venture capital
o
positive perception that is communicated by word of mouth, social media,
broadcast media and print media
o
product champions who promote the internal development
and external
promotion of a product or service
o
rapid market penetration and sales growth
o
effective customer service.
•
Attributes of the entrepreneur typically include many of the following
characteristics: creativity, confidence, positivity, passion, motivation, initiative,
self-belief, discipline, drive, adaptability and flexibility, intuitiveness,
imagination, desire to succeed and grow, vision, capacity to inspire, focus.
•
Enterprise planning:
o
lean business models, e.g. the Business Model Canvas and the Lean Canvas,
both of which identify how an enterprise will achieve its objectives, including:
–
strategy
identifying short-, medium- and long-term objectives
–
identification of product or service characteristics
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enterprise infrastructure
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pricing structures and revenue streams
U
NIT
19:
E
NTERPRISE IN
IT
Pearson BTEC International Level 3 Qualifications in Information Technology –
Specification – Issue 3 – September 2022 © Pearson Education Limited 2022
266
o
traditional business plans that provide a full description of the proposed
enterprise and are particularly designed to pitch the enterprise to potential
stakeholders identifying:
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product or service to be supplied
–
legal structure and operation
–
capacity requirements and resources required, e.g. finance, human, physical,
intellectual
property
–
competitive environment and competitor analysis.
•
New technologies and techniques for IT enterprises, e.g. additive manufacturing
(3D printing), lean start-up, cloud-based working, integrated business systems,
open sourcing.
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