Entrepreneurship
Course Introduction
Core Standards of the Course
Strand 1
Students will identify the role and characteristics of an entrepreneur. Students will examine the benefits and risks of entrepreneurship activity to the economy.
Standard 1
Students will explore to the role of the entrepreneur within the economy.
Performance Skills
Advantages and disadvantages of being an entrepreneur in a specific industry and/or explore the successes and failures of influential entrepreneurs.
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 2
Students will identify problems and create solutions in order to address consumers' needs/wants.
Standard 1
Students will understand idea generation through innovation and problem solving.
Standard 2
Students will understand how to solve your customers' needs and wants and identify what distinguishes a product/service from the competition (minimum viable product (MVP), unique value proposition (UVP), competitive advantage).
Performance Skills
Students will complete steps 1 - 5 of the Lean Canvas model.
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 3
Students will understand how economic concepts effect decision making in an entrepreneurial venture.
Standard 1
Students will understand basic economic terminology.
Strand 4
Students will understand how marketing affects an entrepreneurial venture.
Standard 1
Students will understand the marketing functions.
Standard 2
Students will evaluate the promotional mix.
Performance Skills
Students will create a promotion using at least one of the elements of the promotional mix. And complete steps 8 - 9 of Lean Canvas model.
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 5
Students will understand financial concepts and tools used by entrepreneurs in making business decisions.
Standard 1
Students will examine financial concepts and types of funding used to operate a business.
Standard 2
Students will understand how entrepreneurs utilize business records.
Performance Skills
Students will complete steps 6-7 in Lean Canvas model. If needed, revisit step 8
AND (Complete at least one of the following)
Workplace Skills
Students will connect their knowledge with current workplace skills including:
Strand 6
Students will understand the role of management principles in an entrepreneurial venture.
Standard 1
Students will discuss the importance of goal setting for an entrepreneurial venture (mission and vision statements).
Standard 2
Students will understand different types of organizational structures and the importance of job descriptions for a business.
Performance Skills
Students will complete one of the following:
Strand 7
Students will analyze how forms of business ownership, government regulations, and legal regulations affect entrepreneurial ventures.
Standard 1
Students will compare and contrast the advantages and disadvantages of the different types of business ownership (sole proprietorship, partnership, corporation, LLC, nonprofit). Students will understand the importance of a business plan when forming a business.
Standard 2
Students will understand government and legal regulations that affect entrepreneurial ventures.
Performance Skills
Students will use their knowledge and skill learned throughout the Entrepreneurship course to complete one of the following:
Workplace Skills
Students will connect their knowledge with current workplace skills including:
http://www.uen.org - in partnership with Utah State Board of Education (USBE) and Utah System of Higher Education (USHE). Send questions or comments to USBE Specialist - Racheal Routt and see the CTE/Business, Finance and Marketing website. For general questions about Utah's Core Standards contact the Director - THALEA LONGHURST. These materials have been produced by and for the teachers of the State of Utah. Copies of these materials may be freely reproduced for teacher and classroom use. When distributing these materials, credit should be given to Utah State Board of Education. These materials may not be published, in whole or part, or in any other format, without the written permission of the Utah State Board of Education, 250 East 500 South, PO Box 144200, Salt Lake City, Utah 84114-4200.