Entrepreneurial capabilities
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Introduction
Students consider where their own strengths lie and identify actions they could take to strengthen the qualities they need to achieve their ambitions. They also explore entrepreneurial capabilities and explain how these capabilities contribute to business or personal success.
Achievement standard
By the end of Year 7, students describe the interdependence of consumers and producers in the market. They explain the importance of short- and long-term planning to individual and business success and identify different strategies that may be used. They describe the characteristics of successful businesses and explain how entrepreneurial capabilities contribute to this success. Students identify the reasons individuals choose to work and describe the various sources of income that exist.
When researching, students develop questions and gather data and information from different sources to investigate an economic or business issue. They interpret data to identify trends. They propose alternative responses to an issue and assess the costs and benefits of each alternative. They apply economics and business knowledge, skills and concepts to familiar problems. Students develop and present conclusions using appropriate texts, terms and concepts. They identify the effects of their decisions and the possible effects of alternative actions.
Content descriptions
Economics and Business Knowledge and Understanding
Characteristics of entrepreneurs and successful businesses (ACHEK019).
Economics and Business Skills
Develop questions about an economic or business issue or event, and plan and conduct an investigation or project (ACHES032).
Gather relevant data and information from a range of digital, online and print sources (ACHES033).
Interpret data and information displayed in different formats to identify relationships and trends (ACHES034).
Present evidence-based conclusions using economics and business language and concepts in a range of appropriate formats, and reflect on the consequences of alternative actions (ACHES037).
Student learning resources
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What are your strengths?
What does it take to become an entrepreneur?
Writing paragraphs in Economics
Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
Part A: Deciding on entrepreneurial capabilities
- Students complete the quiz.
- Discuss with students what they learned about themselves from the questionnaire and what they found interesting.
- Use a grouping strategy to organise students into groups of 3 or 4.
- As a class, read the instructions for part 1 of the group investigation.
- Give each group time to complete questions 1–3 of part 1 of the investigation.
- When groups have finished, combine 2 groups so that they can agree on the top 10 entrepreneurial capabilities or qualities.
- Invite combined groups to share their top 10 qualities and record them on the board.
- Discuss each quality in turn and as a class, make a short-list of no more than 15.
Part B: Investigating entrepreneurial capabilities
- As a class, read part 2 of the group investigation.
- Groups complete question 1 and share their short list of interviewees with the class.
- Record each group’s short list and allocate each group one person on their short list to interview. It is important that only one group interviews a person. You may have to allocate a person to a group if all their options have been allocated to other groups.
- Groups plan and conduct their investigations.
- Invite groups to share their findings.
- Revisit the list of capabilities recorded on the board in part A of this activity.
- The class collaboratively revises the list, deciding on the top 10 entrepreneurial capabilities.
- Students write a paragraph explaining how entrepreneurial capabilities contribute to business or personal success.
Refer students to the paragraph model.