Overview
Enterprise is an important part of the business sector and plays a major role in the UK’s global economic status.
The role of entrepreneurs is to help create wealth for the nation and its citizens through the creation of enterprises that innovate and grow the economy. According to 2019 data, there are nearly six million such businesses in the UK, employing around 16.6 million people. Small and medium-sized enterprises (SMEs) account for 99.9 percent of the business population in the UK and account for three-fifths of the employment and around half of the turnover in the UK private sector, worth around £2.2 trillion.
The Pearson BTEC Level 1/Level 2 Tech Award in Enterprise is for learners who want to acquire sector-specific applied knowledge and practices through vocational contexts by studying enterprises, entrepreneurs, customers, competitors, the external environment, business planning and presenting, marketing and finance as part of their Key Stage 4 learning.
The qualification enables learners to develop their transferable skills, such as researching, planning, making decisions and judgements, and financial literacy using realistic vocational contexts, and personal skills, such as creativity and innovation, time management, reviewing, communication and planning through a practical and skills-based approach to learning and assessment.
Year 10
Component 1 – Exploring Enterprises – Internally assessed
- Task 1a – The impact of the activities carried out by a selected enterprise to its success
- Task 1b – The impact of the skills and characteristics of the entrepreneur associated with a selected enterprise to its success
- Task 2 – Market research methods of the selected enterprise
- Task 3a – PEST analysis
- Task 3b – SWOT Analysis
Component 2 – Planning and Presenting a Micro-Enterprise Idea – Internally assessed
- Task 1a – Choosing a business idea
- Task 1b part 1- Planning your chosen micro-enterprise idea (aims, features, pricing, promotion and resources)
- Task 1b part 2 – Planning your chosen micro-enterprise idea (financial planning, forecasting and records
- Task 2a – Presenting your business plan
- Task 2b – Reviewing the presentation
Year 11
Component 3 – Marketing and Finance for Enterprise – externally assessed
- Learning Aim A – Marketing activities
- Learning Aim B – Financial documents and statements
- Learning Aim C – Financial planning and forecasting
Exam board
Pearson BTEC Tech Award Level 1 /2 in Enterprise
Specification – Pearson BTEC Tech Award Level 1/2 in Enterprise 2022