Entrepreneurship Notes 1st Year

Institution Technical and Vocational college
Course Diploma in Tourism M...
Year 1st Year
Semester Unknown
Posted By Faith Bii
File Type pdf
Pages 50 Pages
File Size 771.89 KB
Views 3394
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Description

Entrepreneurship Notes blends on different competencies assessed and mainly cuts across various critical aspects on Entrepreneurial skills.
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BAC 412 Entrepreneurial Finance
Entrepreneurial Finance is designed to help students and/or managers make better investment and financing decisions in entrepreneurial settings. The course covers all stages of the process, from startup to harvest. Though the course is called Entrepreneurial Finance, it differs in philosophy and style from a course like corporate Finance. It integrates people into the equation by taking into account their capabilities, their incentives, and the cognitive biases they bring to decision making. Students should not take the course as a remedial finance course but to enhance their understanding of entrepreneurship financial planning and execution. The course is aimed primarily at people who may already or are planning to be involved entrepreneurial ventures at some point in their careers whether in a large organization, a turnaround, a management buyout or a startup. The course will also be useful for future private equity decision makes.
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Marketing is the business function that delivers customer satisfaction at a profit. It creates values for the customers and receives values from the customers in return. Marketing focuses on getting customers and keeping customers by satisfying their needs. Marketing creates values and satisfaction for the customer. It is the delivery of satisfaction to the customers at a profit.
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The formation and winding up of any company in Kenya is governed by the Company’s Act Cap 486 of the Laws of Kenya. The company legislation in Kenya owes its origin to the English company law. The companies Act of Kenya which came into force on 1st January 1962 is based on English companies Act of 1948.This Act is still applicable together with later amendments. The Act provides a basic legal framework for the regulation of companies in Kenya. It makes provision for the legal incorporation of companies and lays down rules for their constitution, management and winding up.
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The term “system” originates from the Greek term systema, which means to “place together.” Multiple business and engineering domains have definitions of a system. This text defines a system as: System An integrated set of interoperable elements, each with explicitly specified and bounded capabilities, working synergistically to perform value-added processing to enable a User to satisfy mission-oriented operational needs in a prescribed operating environment with a specified outcome and probability of success.
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The module introduces learners to the fiscal policy and operations of government. The module then goes further to present theories, processes and practical issues on how governments raise and allocate resources.
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Data analytics is the science of analyzing raw data to make conclusions about that information. It also helps the business to optimize its performance
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management information system is an information system used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes and technology in an organizational context.
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