Ebio enterprise living map
Implement and continuously develop your own entrepreneurial profile, which will grow you in your family, community, professionals and institutions (25 credits).
Demonstrate an understanding of the role of innovation in a new venture creation (4.02) - Core Unit Standard
Specific Outcome	Assessment criteria					Bridging the Gap	Ebio Competency Programme: Information and Examples	Organize and Review your competencies
Innovate as applied for work in value exchange transactions.
MIT open courseware: Managing the Innovation process
MIT open courseware: Managing Innovation: Immerging Trends
SO 1	Determine the role of innovation in the development and growth of a new venture.						J. Welch (Chap. 2: 25-35): Candor; (Chap. 9: 133-145): Change
	AC 1.1	The concept of innovation is described and discussed in relation to new venture creation.					Walk and talk (Chap. 10) The Balanced Score Card
	AC 1.2	Different types of innovation are identified.					Description of innovation
	AC 1.3	the impact of innovation on a new venture is explained.
	AC 1.4	The relationship between successful entrepreneurship and innovation is explained.
	AC 1.5	Factors that contribute to the development and growth of a new venture are identified and explained.
SO 2	Apply innovation techniques in the development of a new venture.						Mindtools
	AC 2.1	Innovation techniques are identified and explained.					Creativity techniques for brainstorming and solving problems
	AC 2.2	Techniques applied in a specific new venture are evaluated.					Life Income Map
	AC 2.3	Innovation techniques selected are implemented in context of a new venture and within set time frames.
SO 3	Develop specific techniques for releasing creativity in developing ideas/opportunities for a new venture.						Walk and Talk (Chap. 6) The Six Thinking Hats
	AC 3.1	The concept and application of creativity is demonstrated through business related activities.
	AC 3.2	The difference between analytical and creative thinking is demonstrated.					The difference betweem analytical and creative thinking skills
	AC 3.3	Barriers to creative thinking are identified.
	AC 3.4	Lateral thinking exercises are applied to generate new ideas.