‘Business studies has helped me to review the business world in action. It has opened many different doors for me for potential work experience and for my potential future as a whole through networking. Business studies has developed my skills such as working with others, time management and presentation skills. I would definitely consider studying this for the curiosity it possesses and also how well it can open new doors and help find the perfect business future for you.’
Enterprise is for learners who want to acquire knowledge and practices through studying enterprises, entrepreneurs, customers, competitors, the external environment, business planning and presenting, marketing and finance as part of their Key Stage 4 learning.
The qualification enables learners to develop their transferable skills, such as researching, planning, making decisions and judgements, and financial literacy using realistic vocational contexts, and personal skills, such as creativity and innovation, time management, reviewing, communication – those ‘soft skills’ that industry specialists look for in a potential employee.
How will I be assessed?
Learners are required to complete and achieve all three components in the qualification:
- Component 1: Exploring Enterprises (coursework – internally assessed)
- Component 2: Planning and Presenting a Micro-Enterprise Idea (coursework – internally assessed)
- Component 3: Marketing and Finance for Enterprise (examination – externally assessed)
What will I learn?
Component 1: Exploring Enterprises
Learners will explore different enterprises to develop their knowledge and understanding of the characteristics of enterprises and the skills needed by entrepreneurs to be successful. Learners will explore how enterprises use market research to find out about their customer needs and competitor behaviour and how internal and external factors may affect enterprises.
Component 2: Planning and Presenting a Micro-Enterprise Idea
Learners will generate two realistic ideas for a micro-enterprise and choose one of these to plan within budget. They will individually present their business plan for their idea and review the production and delivery of their presentation to make recommendations for improvements.
Component 3: Marketing and Finance for Enterprise
Learners will explore how marketing is used by enterprises and the factors that influence how enterprises identify and target their market. Learners will complete financial documents and statements and explore how to use them to monitor and improve the performance of an enterprise in order to make decisions and recommend strategies for success.
What could I do next?
A Level 1/2 Technical Award in Enterprise allows students to understand more about the business world and motivates and challenges students, preparing them to make informed decisions about further study and career pathways. It also provides them with industry standard skills such as team working, working to timescales and presentation skills.
Students can progress from this qualification to a number of different academic and vocational qualifications, including A-Levels and a Diploma Programme course in Business or Economics.
The award provides a strong foundation for employment, with students progressing, with further training, to a wide range of careers training such as banking, sales, management and marketing. It also prepares the students to enable them to start up their own business enterprise through Business Planning.