Business Ventures

The sub themes and content that would be covered are indicated below.

1. BUSINESS OPPORTUNITY AND RELATED FACTORS

Development of a research instrument and the assessment of needs and desires

  • Identification of possible business opportunities (based on researched needs and desires) and the application of a SWOT analysis (strengths, weaknesses, opportunities and threats) to determine a viable business venture
  • Generating new ideas, needs analysis/ research, identifying good ideas, market research, SWOT analysis

2. CREATIVE THINKING AND PROBLEM SOLVING (GRADE 11)

Application of creative thinking to address business problems and to improve business practice (recap)

  • Creative thinking to address business problems and to improve business practice
    • Problem-solving skills in a business context
    • Routine vs. creative thinking, mental blocks to creativity and idea generation
    • More complex problem-solving techniques (e.g. Delphi technique and force-field analysis revision)
    • Working with others to solve problems and generate ideas
    • Creative thinking skills and conventional vs. nonconventional solutions (include indigenous approach and solutions)
  • Creative solutions to business problems; assess these against the reality of the business environment

3. CITIZENSHIP ROLE AND RESPONSIBILITIES

The citizenship roles and responsibilities that business practitioners need to perform within a business environment

  • The role of citizens and how they can, through business, contribute to the social and economic development of their communities
    • Case scenarios of how individuals have given back to their communities
  • The concept of business community and how the individual can play a role within this community (e.g. HIV/Aids counsellor, contribute time and effort towards identified cause, etc.)
  • The role that business, civil society, non-governmental organisations and community based organisations (NGOs and CBOs) and individual business practitioners can play in the social and economic development of communities

4. CREATIVE THINKING (GRADE 12)

Application of creative thinking to respond to challenges in dynamic and complex business contexts

  • Acquiring advanced problem-solving skills
  • Application of creative thinking to solve complex business problems in case studies and given scenarios (recap content covered in grade 11)

5. FORMS OF OWNERSHIP

Determining the extent to which a particular form of ownership can contribute to the success or failure of a business

  • Recap the characteristics, advantages, disadvantages and comparison of forms of ownership, i.e. sole trader, partnership, close corporation, private company and public company – focus on issues of capacity, taxation, management, capital, division of profits and legislation
  • Forms of ownership (e.g. sole trader, company), and their impact on the success of a business

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