Module Details
| Module Code: |
MGMT8025 |
| Title: |
Enterprise for ECEC
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Long Title:
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Enterprise for ECEC
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| NFQ Level: |
Advanced |
| Valid From: |
Semester 1 - 2017/18 ( September 2017 ) |
| Field of Study: |
3450 - Business & Management
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| Module Description: |
The aim of this module is to provide students from an ECEC background with the specific practical skills and relevant knowledge to develop enterprises going forward. The parameters of this module will include the analysis of both social and commercial enterprises, experience from the 'real world' of an entrepreneur and provide an opportunity for ECEC students to create their own employment.
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| Learning Outcomes |
| On successful completion of this module the learner will be able to: |
| # |
Learning Outcome Description |
| LO1 |
Critically examine the role and importance of social & commercial entrepreneurship in society, with particular reference to the Early Years Education and Care sector. |
| LO2 |
Identify the key issues involved in enterprise creation and apply criteria to identify and evaluate business opportunities. |
| LO3 |
Analyse the importance of areas related to the creation of an enterprise e.g. Finance, Marketing, Management, Operations, Funding, Time Management, Business Administration and practical knowledge of the taxation system, basic business accounts, costs & document management |
| LO4 |
Discuss business cash-flow and profitability by identifying how a business is financially structured. |
| LO5 |
Demonstrate ICT skills for business administration and financal applications in the Childcare sector. |
| Dependencies |
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
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Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
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| No incompatible modules listed |
Co-requisite Modules
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| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
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| No requirements listed |
| Indicative Content |
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The Entrepreneur
The nature and importance of entrepreneurs, decisions, process, role in economic development, background and characteristics. Social & Commercial entrepreneurship and its contribution to society and economic development. The entrepreneur as an agent for positive change and as a creator of employment in the economy.
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The Economic Environment
Understand how business is affected by the issues in the national and global economies, using PESTEL to analyse the economic environment and its impact on a start up opportunity. Explain the factors that influence competition in the sector. Business models (Public versus Private sector) & funding approaches to childcare in European economies. SWOT Analysis.
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Business and Strategic planning for the ECCE Business
Introduction to the various elements of business and strategic planning to equip the students with the requisite knowledge to formulate the business plan for their own enterprise, e.g. Finance, Fundamental Marketing, Management, Operations, Funding, Time Management, performance measurement milestones, scaling & sustainability of the enterprise. Business Model Canvass.
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Financial Planning & Management
Credit management; practical book keeping; introduction to spreadsheet formulas/functions; worksheets charts. Cash flow forecasts, the nature of cost & pricing, Break-Even Analysis budget requisitions and funding; principals of financial control. Outlining the various areas of compliance as expected by the reveneue commissioners
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Feasibility Plan
The Feasibility Plan
Definition, scope and value of feasibility, evaluation of feasibility plans, writing the feasibility plan, content of a business plan, using and implementing the business plan, why some businesses fail?
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Module Content & Assessment
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| Assessment Breakdown | % |
|---|
| Coursework | 100.00% |
Assessments
| No End of Module Formal Examination |
| Reassessment Requirement |
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.
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The University reserves the right to alter the nature and timings of assessment
Module Workload
| Workload: Full Time |
| Workload Type |
Contact Type |
Workload Description |
Frequency |
Average Weekly Learner Workload |
Hours |
| Lecture |
Contact |
Class Lecture |
Every Week |
2.00 |
2 |
| Lab |
Contact |
Computer Lab |
Every Week |
1.00 |
1 |
| Independent & Directed Learning (Non-contact) |
Non Contact |
Independent Study |
Every Week |
4.00 |
4 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
3.00 |
| Workload: Part Time |
| Workload Type |
Contact Type |
Workload Description |
Frequency |
Average Weekly Learner Workload |
Hours |
| Lecture |
Contact |
Class Lecture |
Every Week |
2.00 |
2 |
| Lab |
Contact |
Computer Lab |
Every Week |
1.00 |
1 |
| Independent & Directed Learning (Non-contact) |
Non Contact |
Independent Study |
Every Week |
4.00 |
4 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
3.00 |
|
Module Resources
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| Recommended Book Resources |
|---|
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Robert Hisrich, Michael Peters, Dean Shepherd. (2012), Entrepreneurship, 9th. McGraw-Hill/Irwin, [ISBN: 0078029198].
| | Supplementary Book Resources |
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Kathleen Allen. (2015), Launching New Ventures-An Entrepreneurial Approach, 7th. Cengage Learning, [ISBN: 1305102507].
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Joe Tidd and John Bessant. (2015), Innovation and Entrepreneurship, 3rd. Wiley, [ISBN: 9781118993095].
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Amin, A., Cameron, A. and Hudson, R.. (2002), Placing the Social Economy, Routledge.
| | Recommended Article/Paper Resources |
|---|
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Bloom, P. and Smith, B.. (2010), ‘Identifying the drivers of social
entrepreneurial impact: Theoretical
development and an exploratory empirical
test of SCALERS’, Journal of Social Entrepreneurship, Vol. 1, No.1 pp.126-145.
| | Supplementary Article/Paper Resources |
|---|
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Lyon, F., Fernandez. H.. (2012), Scaling up social enterprise: strategies
taken from early years providers, Third Sector Research Centre -
University of Birmingham, Working Paper 79, April 2012.
| | Other Resources |
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Website, Enterprise Ireland,
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Website, Local Enterprise Office,
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Website, Social Entrepreneurs Ireland,
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