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Investigate the sources of finance for a specific enterprise opportunity – P5
▪ You must write a report.
▪ First you must give a generic overview of the internal and
external sources of finance that are available for start up
businesses.
▪ You must then link to the sources of finance that were used
when innocent set up – link to research
▪ Then think what sources of finance that were available as they
expand – e,g, what was Coca-Cola’s role?
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Unit content P5
▪ C1 Sources of internal and external finance
▪ Own funds/stakeholders – family and friends or business
partners.
▪ Equity funding – business angels, crowdfunding, venture capital,
share capital, peer-to-peer lending, bank, private sector
investment.
▪ Government funding – grants, allowances and start-up loans.
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Investigate the support available for setting up a specific enterprise – P6
▪ Give a generic overview of support that is available – link to unit
content on slide 5.
▪ Did Innocent smoothies access any of this support? If so/if not –
explain why
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Unit content p6
▪ C2 Government support and non-governmental support
▪ Enterprising libraries – using the public libraries network to reach
into communities to provide coaching, advice, meeting spaces and
IT support to people interested in developing a business proposal
and bringing it to market.
▪ Local Enterprise Partnerships (LEPs) – partnerships between local
authorities and businesses that decide the priorities for investment
in roads, buildings and facilities in the area.
▪ Enterprise Zones (EZs) – geographically defined areas, hosted by
LEPs, in which commercial and industrial businesses can receive
incentives to set up or expand.
Investigate the sources of
finance for a specific
enterprise opportunity – P5
▪ Give a generic overview of the
internal and external sources of
finance that are available for start
up businesses.
▪ Then link to the sources of finance
that were used when innocent set
up – link to research
▪ Then think what sources of finance
that were available as they expand
– e,g, what was Coca-Cola’s role?
Investigate the support
available for setting up a
specific enterprise – P6
▪ Give a generic overview of
support that is available – link
to unit content on slide 5.
▪ Did Innocent smoothies
access any of this support? If
so/if not – explain why
Deadline Tue 11th Feb
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What is a stakeholder?Who are the stakeholders?
▪ Task 1:
▪ Define what a stakeholder is and
▪ Describe each stakeholder and their main interests in the activity
of a business/enterprise
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What is competition?What does having a competitive
advantage mean?
Task 2: Describe in detail :
Competition
Competitive advantage
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Task 1:
What is a stakeholder?
Who are the stakeholders?
▪ Define what a stakeholder is
and
▪ Describe each stakeholder
and their main interests in the
activity of a
business/enterprise
Task 2:
What is competition?
What does having a
competitive advantage
mean?
▪ Describe what is competition in
business context
▪ What is Competitive advantage?
▪ What are the positives and
negatives of having a competitive
advantage?
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Who are Innocent Drinks competitors? Why are they competitors?
▪ Task 3: Investigate Innocent Drinks 3 biggest competitors.
▪ Describe why they are
▪ What is Innocent Drink’s competitive advantage and why?
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Task 3 Who are Innocent
Drinks competitors? Why are
they competitors?
▪ Task 3: Investigate Innocent Drinks 3
biggest competitors.
▪ Describe why they are
▪ What is Innocent Drink’s competitive
advantage and why?
Task 4:
Impact of external factors
Importance of PESTLE
▪ Research and explain what factors can
affect business activities.
▪ Describe what PESTLE is and how it is
used by businesses to identify the different
external factors that can impact their
business.
▪ Give several reasons for the importance of
using PESTLE and identifying the external
factors on business activities.
▪ Ensure you have explained the impact of
each external factor on a business
activities.
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What are the external factors that can impact business? What is PESTLE?
Why is it important for a business to use PESTLE and examine the potential impact of external factors on their
business?
▪ Task 4:
▪ Research and explain what factors can affect business activities.
▪ Describe what PESTLE is and how it is used by businesses to
identify the different external factors that can impact their
business.
▪ Give several reasons for the importance of using PESTLE and
identifying the external factors on business activities.
▪ Ensure you have explained the impact of each external factor on
a business activities.
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M2 cont….
▪ Carry out a PESTLE analysis on innocent smoothie
▪ What is the impact of these factors on the business
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Assess the competition and external factors to be considered in setting up a specific
enterprise – M2▪ Give a generic overview about competition and competitive
advantage
▪ Give a generic overview about stakeholders and the interest they
have in a business
▪ Give a generic overview about PESTLE and why is it important to
factor in
▪ You must look at how innocent smoothies created a competitive
advantage. What is their competitive advantage? Has this worked
in your opinion?
▪ Who are their competitors? Are they a significant threat?
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Unit content M2
▪ C3 Competition and competitive advantage
▪ Competition – an organisation in the same industry (or a similar industry)
which offers a similar product or service. The presence of one or more
competitors can reduce the prices of goods and services as the
organisations attempt to gain a larger market share. Competition also
requires organisations to become more efficient in order to reduce costs.
▪ Competitive advantage – superiority gained by an organisation through
providing the same value as its competitors at a lower price, or through
charging higher prices by providing greater value through differentiation and
through the use of tangible and intangible resources.
▪ Outline of – financial, legal, stakeholders (customers, government,
shareholders, community), economic climate, technological, political, social.
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Evaluate the opportunities and constraints faced in setting up a specific enterprise – D3
▪ From your analysis on competition, stakeholders and PESTLE what
opportunities did innocent have? What opportunities do they have
now?
▪ Do the same for constraints e.g. when they set up and now
▪ Look at both sides e.g. they are market leader and do not face any
serious competition, however a new competitor could come in the
market at any time.
▪ Summarise what opportunities and constraints an entrepreneur
would have in our local area if they wanted to set up a smoothie
company,