Introduction to Management

Assignment 2 : Entrepreneurship

This is an individual assignment and all your work must be original.

In this assignment the student will explore entrepreneurship, ethics and social responsibility.

Choose a type of business you would consider starting from https://www.ibisworld.com/canada/list-of-industries/

Please post on the Chat board on MS Teams your industry choice. No two students can have the same one so if another student picks the same franchise and posts first, you will need to make another choice.

Complete the following steps in your assignment:

1. What is the industry of your choice and what is the product or service you are providing? (2 marks)
2. What is the average growth rate of your industry? (1 mark)
3. Research the Business Development Bank of Canada. How can they help with financing and what articles and tools could you use? (10 marks)

https://www.bdc.ca/en/about/who-we-are/pages/default.aspx

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/pages/default.aspx

1. Complete the entrepreneur self-assessment tool from the Business Development Bank of Canada.How ready are you to start your own business? What are your strengths and weaknesses? What can you do to leverage your strengths and minimize your weaknesses? (20 marks)

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/business-assessments/pages/self-assessment-test-your-entrepreneurial-potential.aspx

1. How would you maintain high ethical standards in your business? (5 marks)
2. How would you maintain high level of conviction for social responsibility within your industry? Create a plan for implementation? (10 marks)
3. What policies could your business implement to support sustainability? How would your policies confirm the best use of resources? (10 marks)