EdExcel BTEC Enterprise
All businesses need enterprising employees to drive their organisations forward, to have ideas and initiatives to instigate growth, and to ensure that businesses survive in this fast-changing world. Enterprise is a key government focus and is set to form an important part of the UK’s global economic status, both now and in the future. Enterprise skills provide a fantastic progression pathway into a number of roles in an organisation and are transferable into all businesses.
Students will experience a wide variety of teaching approaches as well as standard classroom delivery. There will be small group work, class discussions and visiting speakers. There will be visits to some local firms. The course develops student’s business acumen through the use of a range of projects based on different business scenarios.
The BTEC Enterprise course is a practical work-related course. It is a good introduction into business and gives students the opportunity to develop both the skills and knowledge required for success in any business.
A BTEC Enterprise qualification is equivalent to 1 GCSE grades A*- C and is graded pass, merit, distinction and distinction *. Students learn by completing projects and assignments that are based on realistic workplace situations, there is one external assessment taken in year 10.
The Edexcel BTEC Enterprise course aims to:
- provide learners with opportunities to link education and the world of work in engaging, relevant and practical ways
- enable learners to enhance their English and mathematical competence in relevant, applied scenarios
- support learners' development of transferable interpersonal skills, including working with others, problem-solving, independent study, and personal, learning and thinking skills
- provide learners with a route through education that has clear progression pathways into further study or an apprenticeship.
This qualification has a core of underpinning knowledge, skills and understanding, and a range of options to reflect the breadth of pathways within a sector. This gives learners the opportunity to:
- gain a broad understanding and knowledge of a vocational sector
- investigate areas of specific interest
- develop essential skills and attributes prized by employers, further education
- colleges and higher education institutions.
This course provides opportunities for learners to progress to either academic or more specialised vocational pathways.
You will study three components:
Component 1: Exploring Enterprises
In this component, students will have the opportunity to develop knowledge and understanding of the different types of enterprise and their ownership, looking at the characteristics of small and medium enterprises (SMEs) and entrepreneurs with reasons for levels of success.
Students will also explore how market research helps enterprises to meet customer needs and understand competitor behaviour, as well as investigating the factors that contribute to the success of an enterprise.
Component 2: Planning for and Pitching an Enterprise Activity
In this component, students will use the research knowledge gained from Component 1 to consider a number of ideas before developing a plan for a realistic micro-enterprise activity. They will have the opportunity to plan how best to set up the chosen enterprise and how to fund it. Students will need to take responsibility for creating and then delivering a pitch for your developed idea to an audience using your knowledge of business, and demonstrating entrepreneurial characteristics, qualities and skills.
Component 3: Promotion and Finance for Enterprise
The performance of an enterprise can be affected by both internal and external factors. To monitor and improve an enterprise’s performance, students need to be aware of the impact of these factors and the strategies they can use to make the most of opportunities and minimise any threats. In this component, students will assess and analyse financial information in an enterprise context to monitor the performance of an enterprise and strategies to improve its performance. Students will investigate cash flow forecasts and statements, exploring the effects that positive and negative cash flow can have on an enterprise, and suggesting ways to improve them. Students will consider the different elements of the promotional mix in order to be able to identify target markets and put forward strategies that enterprises can use to increase their success in the future.
Students must also be prepared to use thinking skills to solve problems and be able to analyse and evaluate different business strategies using quantitative and qualitative data. Students will need to be able to meet coursework deadlines.
Component 1: internal assessed by teacher (worth 30% of the BTEC)
Component 2: internal assessed by teacher (worth 30% of the BTEC)
Component 3: externally assessed (worth 40% of the BTEC)