FACULTY OF ECONOMICS, DEVELOPMENT AND BUSINESS SCIENCES SCHOOL OF DEVELOPMENT STUDIES BUSINESS MANAGEMENT I ENTREPRENEURSHIP I (BMN 101& ENTR101) LEARNING GUIDE 2021 MBOMBELA CAMPUS COMPILED BY: DR ML MAVHUNGU Copyright © University of Mpumalanga Printed and published by the University of Mpumalanga All rights reserved. Apart from any reasonable quotations for the purposes of research criticism or review as permitted under the Copyright Act, no part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy and recording, without permission in writing from the publisher. TABLE OF CONTENTS 1 INTRODUCTION ........................................................................................................... 3 2 CONTACT INFORMATION ........................................................................................... 4 3 CONTACT SESSIONS .................................................................................................. 4 4 NATIONAL QUALIFICATIONS FRAMEWORK ............................................................. 4 5 PURPOSE OF THIS MODULE...................................................................................... 5 6 LEARNING ASSUMED TO BE IN PLACE .................................................................... 5 7 SPECIFIC OUTCOMES ................................................................................................ 5 8 PREREQUISITES FOR THE MODULE ......................................................................... 6 9 MODULE COORDINATION AND ADMINISTRATION .................................................. 6 9.1 Who to contact regarding administrative issues .................................................................... 6 9.2 Who to contact regarding academic issues ........................................................................... 6 9.3 Who to contact for all other subject and/or Departmental issues .......................................... 6 10 SEMESTER ACADEMIC PROGRAMME ...................................................................... 7 10.1 The lecture time table ............................................................................................................. 7 10.2 Specific learning outcomes .................................................................................................... 8 Textbook............................................................................................................................................ 11 11 ASSESSMENT .............................................................................................................11 11.1 Types of assessment ........................................................................................................... 12 11.2 Individual and group assignments ........................................................................................ 12 11.2.1 Requirements ........................................................................................................................... 12 11.2.2 Format of assignment report ..................................................................................................... 12 11.2.3 Assignment due dates .............................................................................................................. 13 11.3 Semester written assessment .............................................................................................. 13 11.4 Final assessment ................................................................................................................. 14 11.5 Compilation of marks ........................................................................................................... 14 11.6 Assessment policy................................................................................................................ 15 11.7 Supplementary assessment opportunities after the final assessment opportunity (examination) ..................................................................................................................................... 15 11.8 Access to scripts .................................................................................................................. 16 11.8.1 Semester assessment (test) ..................................................................................................... 16 12 ETHICAL CONDUCT AND POLICY .............................................................................16 13 EXPLANATION OF ACTION VERBS ...........................................................................16 2 1 INTRODUCTION The School of Development Studies welcomes students to the subject Business Management BMN101 and Entrepreneurship ENTR101 We trust that information contained in this learning guide will assist in your preparation for lectures, provide guidance in your studies and assessments, and contribute to your successful completion of this subject. The learning guide comprises the following sections: Section 2: Name of lecturer and contact details Section 3: Contact sessions Section 4: National Qualifications Framework Section 5: Purpose of this subject Section 6: Learning assumed to be in place Section 7: Specific outcomes Section 8: Semesterisation Section 9: Subject coordination and administration Section 10: Semester academic programme Section 11: Assessment policy, rules, guidelines and dates Section 12: Ethical conduct and policy Section 13: An explanation of action verbs used in learning outcomes and assessments PLEASE NOTE: IT IS VERY IMPORTANT THAT YOU READ THIS LEARNING GUIDE CAREFULLY AND FOLLOW ALL THE INSTRUCTIONS. PLEASE CONTACT YOUR LECTURER IF YOU HAVE QUESTIONS. 3 2 CONTACT INFORMATION Position Name and surname Office number Telephone number E-mail address Lecturer Dr M Mavhungu Bld 9 -207 013 002-0229 mbulaheni.mavhungu@ump.ac.za Administrative assistant Mr S. Khanyile Bld 4 - 209 013 002- 0236 Siphesihle.khanyile@ump.ac.za Programme Leader: Prof A Maredza Bld 9 – 220 013 002 - 0232 andrew.maredza@ump.ac.za Head of School Prof E. Boshof Bld 4 - 393 013 002- 0196 estelle.boshof@ump.ac.za 3 CONTACT SESSIONS Consultation Hours Day Time Tuesday 12:30 – 14:30 Wednesday 14:00 – 15:00 Please find the contact sessions for this module below. Mbombela Campus Lecture Day Venue Time Timetable code Lecturer BCom General, BAdmin & BA Tuesdays Bld 9 Auditorium 01 10:00 – 11:50 BMN101 & ENTR101 Dr Mavhungu BCom General, BAdmin & BA Wednesday s Hospitality 16:00 – 16:50 Building Auditorium 216 BMN101 & ENTR101 Dr Mavhungu 4 NATIONAL QUALIFICATIONS FRAMEWORK The National Qualification Framework (NQF) description for this module is: 4 NQF Level: 5 Field: 03 (Business, commerce and management studies) Subfield: Generic management Number of credits: 240 5 PURPOSE OF THIS MODULE The module will provide students with a global overview of Business Management as a science and prepare them for challenges in a multicultural context. The purpose of this module is to equip the student with knowledge and understanding of management as a science, the business environment and its interactive subenvironment. The basic concepts of establishing a business as well as the various legal forms of ownership will form part of the understanding of developing a business. Basic knowledge of Entrepreneurship, as well as understanding of the business strategy and decision-making will be provided. Furthermore students will be empowered with intellectual competencies, practical skills and an understanding of General Management based on historical and modern approaches as well as the management tasks (planning, organising, leading and controlling). 6 LEARNING ASSUMED TO BE IN PLACE A potential learner should be in possession of a university admission certificate, which comply with the University’s own admission requirements or any other module approved by the Head of School: Development Studies (University of Mpumalanga). 7 SPECIFIC OUTCOMES This module has specific outcomes against which you will be assessed as indicated per lecture unit in Section 10.2 on page 9. The assessments are discussed in more detail in Section 11 on from page 13 to 16. 5 8 PREREQUISITES FOR THE MODULE Please refer to the Faculty Rules and Regulations. 9 MODULE COORDINATION AND ADMINISTRATION 9.1 Who to contact regarding administrative issues All queries regarding assessment dates and venues, sick test, application for sick test, marks, re-evaluation of scripts and other administration matters should be addressed to the Administrative Assistant. Please refer to Section 2 on page 4 for contact information. This person will be available during the following office hours Monday to Thursday: 09h00 -13h00 and 14h00 - 16h00 Friday: 09h00 -12h00 9.2 Who to contact regarding academic issues Contact your lecturer for all matters relating to the academic content of the module. Lecturer contact details are given in Section 2 on page 3. 9.3 Who to contact for all other subject and/or Departmental issues Your first contact in this regard must be with either the Administrative Assistant for administrative matters, or your lecturer for academic subject-related matters. You may then escalate your queries to: Programme Leader: Prof Maredza Head of School: Prof Boshoff 6 10 SEMESTER ACADEMIC PROGRAMME 10.1 The lecture time table The lecturing programme for this module is given in the Table 10.1below Weekly lecturing programme for Business Management II (BMN201) Week Lecture Unit Date 1 08/03 – 12/03 Orientation 2 15/03 – 19/03 The Business World and Business Management 1 3 22/03 – 26/03 The Business World and Business Management 1 4 06/04 – 09/04 Entrepreneurship 2 4 12/04 – 16/04 Entrepreneurship 2 Topic N/A 16/04 Semester Test 1: Chapter 1 and 2 From 14pm – 16pm Online via Moodle 5 19/04 – 23/04 Establishing a Business RECESS Chapter 3 FROM 26/04 – 30/04 6 03/05 – 07/05 The Business Environment 4 7 10/05 – 14/05 Corporate Social Responsibility 5 14/05 From 14pm – 16pm 11 12 17/05 – 21/05 Semester Test 2: Chapter 3, 4, & 5 Online via Moodle Introduction to General Management 27/05 Semester Test 3 (All Chapters) From 14pm – 17pm Online via Moodle 30/05 – 04/06 Semester Test 4 (All Chapters) Online via Moodle 30/05 – 11/06 Revision 7 6 10.2 Specific learning outcomes MODULE CURRICULUM STATEMENT Module Name Module Code Prefix Module Levels Module Level Codes Business Management /Entrepreneurship BMN 5 BMA101 Any Learning Assumed to be in Place over and above the stipulated Admission Criteria. Prescribed Text/s Erasmus, Strydom and Rudansky-Kloppers (2016). Introduction to Business management, 10th edition. Oxford: South Africa. ISBN number: 9780190412807 Study guide Mode Contact: Yes Blended: Distance: Lecturing Hours per Course Level 01: 60 02: 03: Independent Learning Hours (Individual or Group) per Course Level Total Notional Hours per Course Level 01: 100 02: 03: 01: 160 02: 03: SAQA Credits per Course Level 01: 16 02: 03: Interim and Overall Course Outcome (at the Exit-Point, Exit-Level of the Course) Alignment between the Overall Course Outcome (at the Exit-Point, Exit-Level of the Course) and the Overall Learning Programme Outcome Knowledge Orientation at the Exit Level of the Course Knowledge Form at the Exit Level of the Course Internal Classification Features Internal Framing Features The purpose of the module is to give an introduction to the business management in general. This module will give students a foundation and will be necessary for second and third year when students start to specialise in different management areas. Explicit and Strong. 60% conceptual and 40% contextual. 8 Module Theme Descriptions Academic Year 01 Modules Themes Theme Number Chapter in Text Theme Title Self-study of Prescribed Texts and Additional Materials, Assessments Chapter 1 The Business World and Business Management 10 hours Contact Sessions 3 hours Teaching & Learning Outcomes The learner must be able to… Explain the role the business organisation plays in making available the products and services society must have to exist and thrive. Describe the needs of society and how a business organisation satisfies those needs in a market economy. Distinguish between a business organisation and a market economy. Explain the interface between a business organisation and a market economy. Describe the nature and purpose of business management as a science, where the enabling factors, methods and principles of the business are studied to ensure the efficient functioning of a business organisation. Comment on the development of business management as a science Distinguish between and comment on the different management functions. Theme Number Chapter in Text Theme Title Self-study of Prescribed Texts and Additional Materials, Assessments Contact Sessions Teaching & Learning Outcomes Chapter 2 Entrepreneurship 10 hours 3 hours The learner must be able to… Define the term entrepreneurship. Discuss the concept of entrepreneurship and the entrepreneurial process. Discuss the roles of entrepreneurs and small business in the economy. Explain how to become an entrepreneur. Comment on the skills and resources required to become an entrepreneur. Identify and describe the different ways of entering the business world. Present recommendations regarding the choice of a business opportunity. Elaborate on what a feasibility study is and its value to the entrepreneur. 9 Module Theme Descriptions Academic Year 01 Modules Themes Theme Number Chapter in Text Theme Title Self-study of Prescribed Texts and Additional Materials, Assessments Chapter 3 Establishing a Business 10 hours Contact Sessions 3 hours Teaching & Learning Outcomes After completing this study unit you should be able to calculate and interpret the following types of financial ratios: Understand and discuss the key considerations that are applicable when a form of business has to be chosen. Distinguish between the different forms of enterprise found in South Africa. Explain the objectives, importance and need for a business plan. Evaluate a business plan. Give an overview of a business plan. Identify the location factors of a business. Theme Number Chapter in Text Theme Title Self-study of Prescribed Texts and Additional Materials, Assessments Contact Sessions Teaching & Learning Inputs Chapter 4 The Business Environment 10 hours 3 hours After completing this study unit you should be able to: Understand the meaning of environmental change. Explain the composition and characteristics of the business environmental model. Discuss each of the sub-environments of the environmental model. Explain how each of the environmental variables in the micro, market and macro-environments can influence an industry or individual business. Explain the difference between opportunities and threats in the external environment. Discuss environmental scanning as a means of managing change in the business environment. Theme Number Chapter in Text Theme Title Self-study of Prescribed Texts and Additional Materials, Assessments Chapter 5 Corporate Social Responsibility 10 hours Contact Sessions 3 hours Teaching & Learning Outcomes After completing this study unit you should be able to: Explain and define what corporate social responsibility (CSR) is. Explain why a company would consider implementing CSR programmes Define corporate governance. Explain corporate governance compliance requirements. Explain who the stakeholders of a company are. 10 Give reasons why a company should engage with its stakeholders. Define the concept sustainable development. Describe the contribution of CSR to sustainable development. Module Theme Descriptions Academic Year 01 Modules Themes Theme Number Chapter in Text Theme Title Self-study of Prescribed Texts and Additional Materials, Assessments Contact Sessions Teaching & Learning Inputs Chapter 6 Introduction to General Management 10 hours 3 hours The learner must be able to… Give an overview of the role of management in business. Describe the four fundamental management functions, namely planning, organising, leading and controlling. Explain the management process. Comment on the different levels and functional areas of management in the business organisation. Describe the various schools of thoughts in management. Describe the development of management theory. Textbook The prescribed textbooks for this subject are: Erasmus B, Strydom J and Rudansky-Kloppers S. Introduction to business management. 10th edition. Cape Town: Oxford University Press South Africa, ISBN 978-1-776-10099-6. Important: The lecturer may provide additional study material which may be included during assessments. 11 ASSESSMENT The following section is important as it provides information on both formative (semester tests) and summative (examinations) assessments. 11 11.1 Types of assessment All assessments contribute to a predicate mark of this subject. The following types of assessments may be used for this module: Peer evaluations Case studies Questions from prescribed textbook Individual assignments Group assignments Closed book written assessment (can also be integrated assessment) Open book written assessment (can also be integrated assessment) Presentations 11.2 Individual and group assignments 11.2.1 Requirements It is expected of each student to submit individually prepared assignments and to participate in group assignments. Students have to submit these assignments as professional documents. The format of the assignment reports is discussed in Section 11.2.2. It may also be required that group assignments be presented to the class as an additional assessment. 11.2.2 Format of assignment report The assignment report must comply with the following requirements: The assignments MUST BE TYPED. – Font: Arial or Times New Roman – Font size: 12 – Line spacing: 1½ lines The modified Harvard referencing method as approved by the School of Development Studies must be employed. No other referencing technique is permitted. The approved Harvard referencing method can be found on the UMP library website. 12 A bibliography with a minimum of three sources other than the prescribed textbook(s). Each assignment must have a title page and a content page. Pages must be numbered. Attention must be given to the correct use of grammar and language. Assignments must be business-like: no unnecessary graphics, pictures, etc Assignments must be submitted in a bound format. No loose pages will be accepted. Please do not submit assignments in plastic sleeves. Please note that there is no restriction in terms of content or page numbers. What is of importance is quality – not quantity. Timely submission of assignments is essential. 11.2.3 Assignment due dates Assignments will only be accepted on the day of submission during the lecture period in the lecturing venue. Late assignments and hand written assignments will be penalised as follows: Hand written - minus 30% Late assignments - 10% per day late 11.3 Semester written assessment As indicated in the semester programme, THREE written assessments will be written. Students have to write ALL THREE assessments. PLEASE NOTE: There are NO supplementary (replacement) assessments. Students must ensure that they write All scheduled assessments. Only 1 sick test is scheduled The modular written assessment/test for this module: 13 Semester Written Assessment ONE Date: April 2021 Scope of the Assessment: Chapter 1 and 2 Venue and time: TBA Semester Written Assessment Two Date: May 2021 Scope of the Assessment: Chapter 3, 4 and 5 Venue and time: TBA -Semester Written Assessment THREE Date: May 2021 Scope of the Assessment: All Chapters (1 – 6) Venue and time: TBA 11.4 Final assessment The final written assessment (examination) for this module: Date: TBA Scope of the assessment: ALL Chapters (1 – 6) 11.5 Compilation of marks The compilation of the final mark for the module is discussed in this section. A MINIMUM SEMESTER MARK OF 40% IS REQUIRED TO HAVE ACCESS TO THE FINAL ASSESSMENT (EXAMINATION). A sub-minimum of 40% in the final assessment opportunity (examination) will be required to pass the module. A final mark of 50% will be required to pass the module. A student will pass with distinction if the final mark is 75% or more. 14 The ratio between the semester mark and the final written assessment mark is 1:1. The calculation of the Final Mark is shown in the table below: Description Contribution to Final Mark (%) Semester Assessment 1 30 Semester Assessment 2 30 Semester Assessment 3 40 YEAR MARK 100% 11.6 Assessment policy Under no circumstances will any form of dishonesty be tolerated during any assessment opportunity assessment/examination). (e.g. Class tests, mid-year tests, and/or final Invigilators are authorised to act immediately in accordance with the rules and regulations of the University. Students will be permitted to take their cellular phones into the venue during the assessment opportunity. However, cellular phones must be switched off during the session and may not be used as calculators or watches or for any other purpose. These phones must be kept on the floor next to table/chair where the student is writing. Student cards, ID documents, and/or driver’s licences must be shown at all assessment venues and an attendance form completed in the venue. The School of Development Studies has the right to refuse students permission to write a test/complete an assessment if they cannot be identified by one of these means. Students, who have already started an assessment opportunity or signed the attendance register, may not apply for a replacement assessment opportunity. 11.7 Supplementary assessment opportunities after the final assessment opportunity (examination) Supplementary assessment opportunities are automatically granted for those students whose final module mark is 45% to 49% and who have attempted all the assessment opportunities (or replacement opportunities) during the semester. 15 Standard fees for supplementary assessments are payable in accordance with the University policy. The supplementary assessment opportunity will be based on all the outcomes of the applicable lecture units and the duration will be at least the same as that of the final assessment opportunity. 11.8 Access to scripts 11.8.1 Semester assessment (test) The student has the right to collect his/her script from the administrative assistant/lecturer/collection facility on the arranged dates. The department does not take responsibility for any scripts not collected. From the date of release the student has seven days to consult the administrative assistant/lecturer regarding any requests relating to his/her paper including remarks. 12 ETHICAL CONDUCT AND POLICY Under no circumstances will students be allowed to practise plagiarism and other misconduct on authorship regarding textbooks, assignments, projects, and any other form of assessment. 13 EXPLANATION OF ACTION VERBS You will notice that particular words known as action verbs appear in the learning outcomes and in assessment questions. The following is a list and description of the most commonly used action verbs. Action verb Description Analyse Describe the different parts of a topic and explain how they work together or not. Give arguments for and against each situation. A reasonable amount of insight must be shown in terms of knowledge already gained in this regard. Apply Show the application of acquired knowledge or given information in practice, or in relation to what is asked. Use knowledge to find an answer to the question. Comment Give your own opinion regarding the subject matter and illustrate it through examples. Interpret and evaluate. Compare Contrast facts, events or problems and indicate the similarities and differences, or analyse the similarities and differences between statements, ideas, etc. 16 Action verb Description Contrast Point out the differences between certain objects, facts, events or characteristics. Criticise Point out the good and bad characteristics or viewpoints and give your own opinion after taking into account all the facts. Define Give a clear, to the point, systematic explanation/description of concepts, to reflect the precise meaning thereof. Describe Give the characteristics, basic facts or results in a logical, systematic and well-structured manner. Comments and your own interpretation are not necessary. Discuss Give terminology and concepts in your own words with comments or your own interpretation. Compare, contrast and debate. Design Create and plan. Portray by means of illustrations or concrete objects. Create a model with a specific objective in mind and indicate the planning phase. Distinguish Show the difference between two or more objects or topics. Evaluate Make an assessment of values based on specific points of reference or criteria and give your own opinion. Do not describe. Personal viewpoints may be given. Explain Clarify the term, concept or topic by presenting it with your own knowledge/words. If required you can use illustrations, descriptions, or a simple logical layout of the facts. State or Give State only the facts without any discussion. Identify Name the most important characteristics of the topic. Illustrate Use a sketch, picture, diagram, graph or concrete item to explain a concept or solve a problem. This can also mean to give examples in well-chosen, descriptive words. List or name Give the required information in short sentences/words, but do not discuss in detail. Motivate Prove, give reasons and comment. Summarise State the key or most important aspects of a topic without detail, illustrations, critical analyses and discussion. Use Make use of information or facts supplied to illustrate/explain a specific viewpoint. 17