Mancosa

Bachelor of Commerce in Entrepreneurship

Business, Commerce and Management Studies - Generic Management

Purpose and Rationale

Qualification Overview

Purpose:

The purpose of this qualification is to provide learners with integrated knowledge and equip them with entrepreneurial skills. A qualified learner will be able to:

  1. Define the concept of entrepreneurship and describe the entrepreneurial process.
  2. Describe the context in which entrepreneurial activity occurs.
  3. Understand the legal and information technology framework in which businesses operate.
  4. Apply accounting principles in managing a business.
  5. Understand economic issues in South Africa.

Rationale:

The Bachelor of Commerce in Entrepreneurship is designed to provide learners with integrated knowledge and equip them with entrepreneurial skills. Entrepreneurship is widely viewed as a key role player in economic development and well-being of society. It introduces innovation, speeds up changes in the economy, introduces new competition, and contributes to productivity, job creation, and national competitiveness (Global Entrepreneurship Monitor Report, 2013).

This qualification aims to enable the establishment of a learning pathway for learners who want to advance their careers at higher levels. It is also designed to provide an overview of entrepreneurship practice in a national and international context and develop conceptual understanding, synthesis, and application of management techniques, theories, and practices.

Outcomes

  1. Define the concept of entrepreneurship and describe the entrepreneurial process.
  2. Describe the context in which entrepreneurial activity occurs.
  3. Understand the legal and information technology framework in which businesses operate.
  4. Apply accounting principles in managing a business.
  5. Understanding of economic issues in South Africa.

Assessment Criteria

Associated Assessment Criteria for Exit Level Outcome 1:

  • Definition of Entrepreneur and Entrepreneurship: The terms entrepreneur and entrepreneurship are clearly defined.
  • Explanation of Entrepreneurship Process: Entrepreneurship as a process is thoroughly explained.
  • Description of Successful Entrepreneurs: The characteristics of successful entrepreneurs are well described.
  • Display of Knowledge of Basic Business Concepts: Knowledge of basic business concepts is effectively displayed.
  • Description of Entrepreneurial Environment: The environment in which entrepreneurs operate is accurately described.
  • Explanation and Assessment of Business Ideas: Identification of business ideas is clearly explained and assessed.
  • Display of Understanding of Business Plans: The purpose and benefits of business plans are well understood and displayed.

Associated Assessment Criteria for Exit Level Outcome 2:

  • Understanding of Business Ethics: The nature of business ethics is comprehended.
  • Evaluation of Ethical Awareness: The importance of ethical awareness and values for entrepreneurs is critically evaluated.
  • Identification of Ethical Dilemmas: Ethical dilemmas that arise in business operations are identified.
  • Analysis of Approaches to Ethical Issues: Approaches to and decisions involving ethical issues are deeply analyzed.
  • Discussion on Personal Ethics Impact: The impact of an entrepreneur's personal ethics on the business venture is thoroughly discussed.

Associated Assessment Criteria for Exit Level Outcome 3:

  • Identification of Computing Concepts: The concepts and problems associated with end-user computing are identified.
  • Discussion on Benefits of Computing: The benefits of computing to business management and administration are discussed.
  • Application of Applications Software: Knowledge of applications software is effectively applied to develop user-oriented solutions.
  • Selection and Application of User Programmable Features: User programmable features of specific software are selected and applied for automated and customized applications.
  • Competence in Applications Software Use: Competence in the use and customization of applications software to meet user needs is displayed.
  • Undertaking of Independent and Directed Study: Both independent and directed study related to end-user computing are undertaken.

Associated Assessment Criteria for Exit Level Outcome 4:

  • Explanation of Costing Systems: The need for pre-determined costs and management accounting systems is clearly explained.
  • Distinction of Cost Types: Direct and indirect costs, fixed and variable costs are distinguished between.
  • Calculation of Stock Value: The value of stock is accurately calculated using different valuation methods.
  • Explanation of Costing Methods: Absorption Costing, Marginal Costing, and Breakeven Analysis are well explained.
  • Determination of Optimal Costing Methods: The optimal costing methods are determined between Absorption Costing and Marginal Costing.
  • Principles of Effective Budgeting: The principles of effective budgeting are explained.
  • Application of Cost Control: Cost control using Standard Costing methods and techniques of Investment Appraisal are effectively applied.

Associated Assessment Criteria for Exit Level Outcome 5:

  • Understanding of Economic Behavior: The economic behavior of consumers and firms is well grasped.
  • Examination of Market Mechanism: The market mechanism for various market structures and government policies is examined and evaluated.
  • Analysis of National Economic Activity: Aggregate economic activity in the national economy and its interrelationships with the world is analyzed.
  • Illustration of Theoretical Concepts: Theoretical concepts are illustrated using Southern African and international examples.
  • Comparison of Macroeconomic Problems: Alternative explanations of key macroeconomic problems and relevant economic policies are compared.

Integrated Assessment:

  • Assessment Methods: Various assessment methods are used to measure competence, including case studies, report writing, interpretative and analytical problem solving in written examinations, research and work-based assignments, and self-assessment activities.

Formative Assessment:

  • Continuous Feedback: Feedback is provided through assignments based on learning material, focusing on smaller sections of work and a limited number of outcomes.

Summative Assessment:

  • Examinations or Equivalent: Summative assessment methods such as examinations, research essays, or portfolios are used to test the ability to manage and integrate a large body of knowledge to achieve stated outcomes.

By following these assessment criteria, learners will be able to demonstrate their competence in the specified areas of study and achieve the desired outcomes of the qualification modules.

Qualification Details

Type
National First Degree
NQF Level
07
Min. Credits
360
SAQA Source
More Information

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Mancosa
Description
Mancosa, also known as the Management College of Southern Africa, is a private higher education institution based in South Africa. It offers a range of undergraduate and postgraduate programs in business and management disciplines. Mancosa aims to provide quality education and develop future leaders in the business world. The college focuses on practical and industry-relevant learning, with a strong emphasis on entrepreneurship and innovation. Mancosa also offers flexible study options, including online and distance learning, to cater to the needs of working professionals.

This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.