Purpose of the Programme:
The Programme will meet the needs of the formal and in-formal Small, Micro and Medium Enterprise Sector by providing training standards against which entrepreneurs can be trained. The Programme meets the needs of society by primarily, providing persons who are able to apply the fairly complex knowledge and skills required to be an entrepreneur and contribute to the economic upliftment of themselves, their community and thereby the nation as a whole.
Students are provided with the opportunity to develop and learn to apply entrepreneurial skills and knowledge to make strategic decisions, and develop an analytical foundation for a career in middle and higher level management. This programme enables the learners to sustain their own business by applying the skills and knowledge of their business. Learners will obtain managerial, administrative, financial, human resources, business operations and Marketing skills.
Exit Level Outcomes:
1. Demonstrate an ability to identify and create a new venture.
1.1.An understanding is demonstrated of the importance of a paradigm shift from a job-seeking attitude to a business opportunity seeking attitude.
1.2. Business opportunities are identified and evaluated in terms of its potential viability.
1.3. Problems-solving techniques and principles are applied within a business start-up and operation context.
2. Demonstrate knowledge of interpersonal skills required in a business environment.
2.1 An understanding is demonstrated of the concept of group dynamics.
2.2 An understanding is demonstrated of the characteristics of effective team work.
2.3 An understanding is demonstrated of various networking principles and techniques.
2.4 Potential personal limitations, abilities and expectations are identified for self developmental purposes
3. Demonstrate an understanding of basic economics within an market economy.
3.1 An understanding is demonstrated of new venture financing sources and opportunities.
3.2 An understanding is demonstrated of the principles of micro and macro economics.
3.3 Potential threats and opportunities within the economic environment are identified for future business decision making.
3.4 An understanding is demonstrated of business competitiveness.
4. Manage a new venture by applying business principles and techniques.
4.1 A business plan for a new venture is developed using strategic planning principles and techniques.
4.2 Guidelines for the implementation and monitoring the strategic action plan are formulated in terms of milestones and timeframes.
4.3 Financial management planning principles and techniques are applied in order manage the business in an efficient and effective manner.
4.4 Production and/or operations management is applied in a chosen business opportunity.
4.5.Sound human resources management techniques are applied in order to set up a productive and motivated workforce for a business.
4.6 Administrative principles and procedures are applied for sound administration and record-keeping.
5. Demonstrate an understanding of the role of leadership and management.
5.1 Knowledge is demonstrated of how management and leadership principles are applied to improve business effectiveness and efficiency.
5.2 Knowledge is demonstrated of the differences between leadership and management in terms of managing a business.
5.3 Knowledge is demonstrated of leadership and management styles in relation to their impact on business performance.
5.4 Leadership and management principles and techniques are applied in order to enhance business performance.
Programme Structure:
Credit Value: 151
Modules:
• Fundamental Communication
• Fundamental Mathematics
• Basic Business Economics
• Basic HR
• Business Finance
• Business Studies
• Business Planning
• Manage General Administration
• Labour Legislation
• Marketing & Tendering
• Manage Business Operations
All Qualifications adapted with classroom training and workplace experience.
Entry Level Requirements:
• Communication at NQF level 3 (Compulsory)
• Mathematical Literacy at NQF Level 3 (Compulsory)
• Relevant Work Experience/Knowledge
Certification:
Upon successful completion of the programme learners will receive a FETC: New Venture Creation certificate.