Ebio enterprise living map
Contribute to create work as venture opportunities and repeat the process (26 credits).
Investigate the viability of new venture ideas / opportunities (5 credits) 
Specific Outcome Assessment criteria Bridging the Gap Ebio Competency Programme: Information and Examples Organize and Review your competencies
Continuous access to opportunities revealed, accessed, engaged and delivered as in ebio’s IWMMRS processes and procedures. The experiences happen when value is exchanged.   
MIT open courseware: Developmental Entrepreneurship
SO 1 Identify and screen business ideas/opportunities for a new venture.   J.Welch (Chap. 13: 205-216): Organic Growth  
AC 1.1 Business idea/opportunity as new venture are listed discussed.   Economic Value add  
AC 1.2 Potential ideas/opportunities are screened.   Walk and Talk (Chap. 10)  Profit and Economic Value Add (EVA)  
AC 1.3 Reasons for selecting or eliminating a particular new venture idea/opportunity are explained.      
SO 2 Research the potential of particular ideas/opportunities for a new venture.   A new Business, based on old principles  
AC 2.1 A personal profile is matched to the type of work, product or service that has the potential of a new venture.      
AC 2.2 Training needs to ensure success of a new venture are identified.      
AC 2.3 Market research is conducted including analysis of demand for the product or service and competitor analysis.      
AC 2.4 Most suitable location of new venture is investigated.      
AC 2.5 Constraints of trade and applicable by-laws are investigated.      
SO 3 Analyse the viability of selected ideas/opportunities against specific screening variables.   Is my New Venture idea profitable?  
AC 3.1 Aptitude, interests and values of the learner are screened for suitability to the new venture.      
AC 3.2 Market conditions are assessed to determine the viability of a new venture.      
AC 3.3 Competition the new venture is up against, is assessed.      
AC 3.4 Access to relevant technology and other resources needed for the new venture, is analysed.      
AC 3.5 Variables are critically evaluated in assessing the business idea/opportunity’s viability.      
SO 4 Analyse a range of risks associated with a new venture.   Risks of Business  
Lessons in Risk Management
AC 4.1 The concept of risk managements is explained.   Walk and Talk (Chap. 9) Your Shareholding Model  
AC 4.2 Potential risks and failure factors that may threaten the new venture are identified and analysed.      
AC 4.3 Risks associated with being employer are explained.      
AC 4.4 Possible measures to reduce risk are explained.      
AC 4.5 Insurance and security needs associated to risk in a new venture are investigated.      
SO 5 Evaluate new venture ideas/opportunities based on research findings.   Mindtools on Decision Making  
AC 5.1 Criteria for evaluation success of the new venture are established.      
AC 5.2 A preliminary evaluation of proposed new venture is produced in the form of a written report, according to the stipulated criteria.      
SO 6 Identify and apply the criteria of price setting policy for a new venture.   Walk and Talk (Chap. 10) The Balanced Scorecard  
Decision Making - Presentation - Pricing strategy
AC 6.1 Internal factors impacting upon pricing decisions in relation to profitability of own venture, are identified and discussed.      
AC 6.2 External factors impacting upon pricing decisions in relation to profitability of own venture, are identified and explained.      
AC 6.3 Business activity level are recognised and limitations are specified.      
AC 6.4 Variations in pricing decisions are to be calculated in terms of the impact on the break-even point.      
SO 7 Identify and analyse internal and external factors that impact upon pricing decisions.   Centre for Business Planning: Issues affecting Price  
AC 7.1 Internal factors impacting upon pricing decisions in relation to profitability of own venture, are identified and discussed.      
AC 7.2 External factors impacting upon pricing decisions in relation to profitability of own venture, are identified and explained.      
AC 7.3 Business activity level are recognised and limitations are specified.      
AC 7.4 Variations in pricing decisions are to be calculated in terms of the impact on the break-even point.      
SO 8 Demonstrate an understanding of relationships between cost, revenue and pricing.   Gain access to Internet banking and be trained by the banks, Pick & Pay, Metro, Telkom and many others with experts to cause skills in costing, pricing and banking with new “work” in new venture capacity.  
AC 8.1 Available costing methods are reviewed in relation to own business.      
AC 8.2 Products/services costs and prices are calculated accurately.      
AC 8.3 Break-even point is determined.      
AC 8.4 Profit mark-up is calculated and analysed for own business.      
AC 8.5 Distinction between types of profit is made.